manus cranny in zurich. a bad day for the euro, falling against the dollar after the second day of qe. this comes as mario draghi prepares to address a conference focused on the effectiveness of the sovereign buying program. it's bring in a global investment strategist at seneca -- let's bring in a global investment strategist at seneca. they will be quietly rubbing their hands together. this makes europe extremely competitive. although it will take a bit of time for that to lead to economic growth, it will be a huge boost which is what we need. >> it comes as qe enters its third day. many saying it came at the perfect moment, as the economy turns. you want qe2 work on an economy that is not -- that is ideally turning. >> beer in the camp. europe is behind the u.k. and u.s.,, but the key metric is unemployment. that is the one thing that gives you a good indication of the temperature of an economy. unemployment -- employment started improving in the u.k. and u.s. a long time ago. europe, it has only just sta

we will be live from zurich with that.'s go back to mario draghi who is saying the slow down in growth has been reversed. he credits a number of other factors. mario: the effect of the shock will not extend the on 2015, -- beyond 2015, in part because our measures have decreased the risk of a fax from the fall in oil prices. -- effects from the fall in oil prices. it has been revised upwards. ♪ anna: welcome to on the move. change at the top for credit suisse. succeeding brady at the top. at the press conference in zurich, manus cranny was in the front row and had the opportunity to sit down with brady. critics say he did not act fast enough to change strategy at the bank. how did he respond? manus: he was defensive and would argue that he said aggressive targets. he said there was a target to reduce leverage at the bank to $930 billion. the accusation is, do you need to do and anthony jenkins? do you need to re-band -- rebrand rbs on a global basis? i said, anthony jenkins and i caught up and he said that the universal ba

hans: look, zÜrich is an open city.le to afford a house on the gold course in zÜrich, and the question is -- and the answer is probably not. there is some insurance as well. i am sure mr. thiam is familiar with it. how will he received by shareholders but also clients? credit suisse have a big agent exposure, and mr. thiam made a lot of money by moving insurance into asia, so in some ways it is less interesting about what happens in zÜrich and would geneva but more what happens in beijing, around the south pacific in the philippines as well where they could be some business opportunities for credit suisse if they stay in the traditional investment banking realm. olivia: perhaps he will go a little more global. in the near time is -- should credit suisse follow the path of ubs? will he pursue wealth management? hans: there's only one person you can ask that question two and that is manus cranny standing outside of ubs. what is he going to do to debt trading? i suspect francine lacqua, when she interviews him in a few min

i get ridges in zurich in the snow in the winter time and you get beachside holidays. something i'm definitely doing wrong. we will have the rate assertions from the bank of england and the european central bank later on in the day. the boe comes out at noon, don't miss full coverage of the press conference. i will bring you that from cyprus. let's get an investors take. the deputy chief investment officer of fixed income at black rock. there is a story on the terminal which says that european government bond yields on average are just over .5%. the lowest since 1999. european bonds overturn 13% since the u.s. introduced qe are we all done? are we'll priced in? -- are we all priced in? >> there are a number of ways to look at it, without a premium for italy or spain or other countries -- one thing you'll notice is the two-year term rates are -20 basis points. so one could say the front and of the yield curve is fully priced for quantitative easing that today is a critical day. we'll get announcements about the terms of that qe graham and how they will implement it and

francine: he flew to zÜrich after the announcement was to become ceo, tightlipped and bold.s looking for to the challenge. i think it was dying to tell us about his plans. francine: for more on the changes at the top of switzerland's second-biggest bank, let's welcome the director of asset manager. great to have you on the program. if you look at, first of all are we going to have more point mints as bank ceos from people outside the banking industry or is tidjane thiam because of the way he is been doing a provincial and quite on top of asset management, is he considered a banker? >> there are several questions in that question. i think the first point is that tidjane thiam was relatively free. he is done and excellent job at prudential. you look at the last five years, stock price performance tripled suddenly, you have an opportunity or at least a company that has a rumor around it that investors are generally asking for change. and you look at the five-year performance of credit suisse share price has gone down 50%. tidjane thiam is a clever operator, sees the opportunity

> over a two-year period, zein isa traveled overseas 14 times to caracas, athens, london, israel, zurich, and madrid. >> the fbi, among others, were maintaining a watch on middle eastern families, some that might presumably have connections with terrorist cells. the isas were maintaining what might have been a safehouse for one of the middle eastern terrorist groups. >> so the isa family were well known to u.s. intelligence. >> as a federal undercover said to me, these people are as organized as the mafia, not nearly as lovable. >> investigators wondered if there was more to the story of tina's death than her mother and father were saying. >>> tina's parents insisted her death was in self-defense >>> tina's parents insisted her death was in self-defense because she had attacked them with a knife. tina's father was covered in blood. and had cuts on his hands which he said were defensive wounds that resulted from his daughter's knife attack. >> when i reviewed a little bit of history i knew at the time, it sounded extremely suspicious to me. >> medical examiners have long referred to the a

they beat out paris, zurich, and sydney. the housing prices have soared thanks to rising wealth and an influx of foreigners. the city moved from -- a city moved from 26 to 22nd. surf city, a rare hailstorm struck huntington beach california. those are your top headlines. tom: hail, like ice. very cool. let's do a data check. sliding. that guy was stretching it. he had a beverage of his choice going. this is the theme this morning. careful scrutiny with a risk on field. -- risk on feel. oil does better. on to the second board negative yields in germany. the swiss franc backs up. weaker against the euro. global risk. good feeling life is great, let's load the boat. this is where i buy. i load up in my 401(k). here is the vix. brendan: the pros on the show love this. i am not a pro. i look at my 401(k), this makes me happy. tom: in 2007, way off. olivia: you would think that greece is on the back burner. tom: it was delicate last night in washington. we are practically family. president obama unable to watch. peter cook will wa

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cut from the edge of the shroud and sent for testing in three independent laboratories in london, zurich. >> the possibility that a piece of archaeology could prove to us that jesus christ was crucified, buried and raised from the dead, this is the most significant moment in human history. what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. 96% of them are doing rain-fed agriculture. . they're all competing with each other; they're all making very low margins, making enough to survive, but not enough to get out of poverty. so kickstart designs low cost irrigation pumps enabling them to grow high value crops throughout the year so you can make a lot of money. it's all very well to have a whole lot of small innovations, but unless we can scale it up enough to where we are talking about millions of farmers, we're not going to solve their biggest challenge. this is precisely where the k

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aviation technology is expected to cut 250 jobs in zurich.wiss tellers association says 10% of alpine hotels have closed in the last five years. meanwhile, other companies are simply leaving. >> translator: some companies have waited too long to move. they tried everything to stay in switzerland. now, with the shock of the frank and the total uncertainty about what's going to happen some of them have decided that now they have to relocate. >> reporter: salaries as close as austria can be 50% slower. companies that want to keep part of their operation in switzerland, outsourcing is the quay. >> translator: we set up service centers abroad. 50% of our costs are abroad. we buy a lot of components out of switzerland. we are paying euros for them. >> reporter: swiss economists predict deflation. not because switzerland's economy is weak but because the currency is too strong. bbc news. >> there you go. let's touch on the other stories making headlines around the world. greece in the headlines continues. the proposed package of reform by next monda

zurich is number five. don't we fly in there. >> i've only been very briefly there. >> i like it. >> but we're also there in january. >> right. >> land at the airport and drive to davos. >> you go straight? >> no there's nothing in zurich that would make me think it's number five. it's just the road to davos. >> we're also there in january which is not a fairway of weighing in. >> i know it's not but i need to maybe spend a little more time in zurich. i don't know the city but from what i have seen i didn't know if it was number five. >> you'll love it. even in the winter. >> we should also tell you this morning about a number of stocks on the move. shares of bob evans getting crushed. the food producer missing the mark on earnings and revenue and it's saying it will not split it's restaurant and grocery businesses. check out that stock. i saw it down as much as 25% at one point. right now it's down by 25%. smith and wesson beating the street on the top and bottom lines. shares rallying on that news. that s

the top five most expensive cities in the world, singapore, paris, zurich and my hometown of sydney. cig pore was 11% more expensive than new york for basic groceries. the five cheapest is dominated by india, and pakistan. that's due to weaker currency in venezuela. we'll have more on "gmt" in over an hour's time. you can tweet me. that is it with the business for now. >> london is pricey as well. >> london equals tokyo, 11th. >> thank you very much. still to come infiltrating al qaeda. we meet the man who went under cover for eight years to spy on the most brutal jihadis. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. no one thinks they're going to be in an accident. which is why no one wants insurance. so we go cheap. you know, because we're never gonna need it. until one day, we do. now that cut-rate policy is costing us big. makes you wonder if there's something better out

the election itself takes place in zurich on may 29th. >>> well, to matters on the pitch. a real nightmare season in the german bundesliga, but they've enjoyed themselves in the cup competition as they take on juventus in the knock out tie on the 18th of march 2-1 in that tie and they go through to the quarterfinals of the german cup. last season's runners up scoring both the goals. they have nine assists. >>> relegations against aston villa and they had hopes of boost against crystal palace. >> this win is maybe one of the key moments of the season. we know that we like to fight for high position on the table but if you don't win three games at home in a row or you score once once. it's all about confidence. >> two nfl stars have announced that they'll donate their brains to scientific research after their deaths. they are both former super bowl winners. rice was a wide receiver with the seattle seahawks while weather ford played for the giants. the nfl is close to agreeing to a deal to compensate concussion victims. >> you're never going to irradicate brain injuries from

carolyn set out for zurich this morning to report on the story for us. stepping into his place.e you hearing about his ability? his skills that he will be bringing to credit suisse? >> he is certainly a go getter. he also had an eye on mna. it did fall through in 2010. will there be more? that remains to be seen. he has his work cut out for him. there's a lot of regulatory and market issues. this is a very difficult market environment to navigate through. will he be the right guy to do that? also there's a lot of question marks with regards to his strategy. so far we're seeing the investment bank over at ubs. the retrenchment at credit suisse some say it isn't kradradical enough. is thiam the right person? that's a great point. he'll also have to talk to regulators and by the end of the year we're expecting more stringent capital levels here for ubs and credit suisse. he is a foreigner. brady dougan was american too. you don't have to speak german if you want to be the ceo of swiss bank but you have to have a credible strategy and convincing one. you have to revive the share pri

the decision was made late on thursday at a meeting of fifa's executive committee in zurich. >> it's one year in a cal. if everyone works together for one year, they can work it out to make sure everyone is satisfied. you're never going to please everyone, there's also going to be people complaining. we are where we are it's very, very important that spectator all who are going to qatar will have a wonderful world cup from a climate point. the players can be fresher than they've ever been, so let's get on with it. >> the story begins just over four years ago. in december, 2010, qatar became the first country from the middle east awarded the right to hold the world cup. almost immediately they were concerned about playing in the summer heat. in january 2011, fifa president first moved to the idea of playing in the winter months. there have been controversies primarily the right of migrant workers hired to build the stadium. fifa commission held an investigation, cleared of wrongdoing. in february of 2015, a fifa task force recommended that the tournaments be played in november and dec

we're going to be showing you some zurich video after this break. >>> welcome back to our viewers heren the u.s. and all around the world. thanks for staying with us. this is "cnn newsroom." i'm errol barnett. >> we appreciate it as always. i'm zain asher. a check of the headlines. a man suspected in the death of prominent activist boris nemtsov blew himself up as police tried to arrest him that is according to russian media report. five other suspects were hauled into a moscow courtroom sunday. two have been charged, including a former chechen policeman. >>> iraqi fighters are advancing on isis militants in strategic town nears tikrit right now. the joint forces say they're dealing with ieds on roads and a bridge that crosses into the city. the iraqi army and other fighters have been battling for a week to retake tikrit from isis. >>> and the unit at australia's sydney airport stopped two teenaged brothers suspected of trying to go and fight with isis. the boys' parents didn't know they were even traveling. they've been returned to their family while authorities investigate. >>> now t

well paris, zurich london los angeles, chicago, vienna, you name it.rywhere where there was a big opera house, he was there. and he's been singing through his career very big tleels are demanding. talking about the father in hansel and gretel, otello we're talking about high-caliber things. people in general sometimes ask where do we hide the microphones. the thing is we sing without microphones in front of 2,000, 3,000 people. i remember there was a scene in which he interacted with me as he was singing, and i was always -- the entire production i was kind of amazed. and how he was able to project it like laser beam to the public was surprising. >> i'm sorry for your loss. and i appreciate you spending time with us to tell us a little about o leg. thank you. >> thanks to you. >> listening to one of the friends of one of the opera singers killed in that. >>> malaysia airlines knows the loss germanwings is experiencing all too wellam tuesday, it tweeted its condolences. >> you see it's been re-tweeted a few thousand times, it reads, "our thoughts and pr

rather like the zurich -- rather like the eurozone, we can be relatively optimistic.iness spending we saw. capital investments going down. is that a concern? >> i think so. we have to be very clear why we are buying that market. we are buying it for a play on global growth, extort very monetary policy from the bank of japan. we aren't buying it because we see a robust economic rebound. >> overall, this rebound we are seeing. bojis not as much as the wanted. to see about 9% growth in the economy before it can actually reach any kind of target. >> they have to do more easing. that is probably coming towards the back end of this year. they have gone all in. they need to keep doing it and keep the jg be market under control. trying to get those real interest rates as low as they possibly can be. alternately, they hope that will be enough to restart the economy. this is going to take a very long. period of time. >> let's go to china because we just got the trade numbers of the weekend. how much will you come to play with those huge distortions we saw? did you even look at

he is going to zurich. what time is it? it's apple time. its wristwatches. there is even one for $17,000. melinda gates once parents to learn what parents and af

singapore maintains its global ranking as the most expensive city beating paris and zurich.ion costs are three times more. it is the most expensive city globally. i ain't going there. to buy clothes and singapore. >> meat imports in singapore are up 300%. that leads me to believe that the reason why is that have to import a lot of their stuff. >> it's an island nation and they import a lot of things. it's cleaner. the roads are nicer. mass transit is better. internet and cell phone is better. you pay more, you get a lot. >> i agree. have you been before? you? it looks like it's clean and beautiful. it's almost too nice. >> you are a new yorker. >> give me some trash and i will feel at home. number nine, local banks. a committee says that they are shortly liquidity needed for another financial crisis. the committee on banking supervision says global banks are $341 billion short. they would have a shortfall year. give this a bunch of hubbub? is this something that is a cause for worry? >> what you need to provide is cash and bonds. does this create something in the treasury ma

doing spring break from lake zurich.e stormy throughout the day. that cold front going to slip through. high in the upper 60s. quite warm, miami, close to 90. >> good morning, meteorologist mike many with the bay area forecast. after fog it will be sunny and the breezes will be the big story and the reason why no record high temperatures and ten degrees cooler than yesterday but still cooler tomorrow and warmer on sunday breezy and warm and no storms coming not next week. in the 60s along the cost into san francisco and 70s elsewhere and 80 in antioch and livermore. my seven-day forecast shows unfortunately, it is bone >> i love these big crowds. it's a party in times square. we're celebrating both 16th birthday, robin. >> wonderful crowd with you. thank you, ginger. >>> burning up the "gma heat index" this morning, prom season is right around the corner as you know and so many parents and teens are battling it out about what's appropriate to wear. crop tops and cutouts are in style right now but are they too sexy for te

. >> doing spring break from lake zurich. including the spring break forecast in panama city.gh in the upper 60s. quite warm, miami, close to 90.jummy: good morning -- jummy: jacqui: -- jacqui: gd m morning wawashingtgton. a lot of rn showowers across the region, should get some improvoving condcoioions this afafternoon with a cleing as we. degrees is the afternoon hi tempmperaturure, cooler than yesterday, cldy ses wh a low temperatur aroun35 tomorrrrow starting the weweekend off greasy, 4 >> i love these big crowds. it's a party in times square. we're celebrating both 16th birthday robin. >> wonderful crowd with you. thank you, ginger. >>> burning up the "gma heat index" this morning, prom season is right around the corner as you know and so many parents and teens are battling it out about what's appropriate to wear. crop tops and cutouts are in style right now but are they too sexy for teens? abc's mara schiavocampo has more. ♪ >> reporter: they're the hottest trend on the red carpet. crop tops and cutouts dresses revealing bare midriffs showing some serious skin. kendall j

rounding out the top five paris, oslo, zurich and switzerland. the cheapest city karachi, pakistan.>>> judge judy is one of the highest paid personalities on tv. she solidified her superstar status with a contract extension with cbs that extends through 2020. the judge made more than $47 million a year under her previous contract. >> that's in the previous deal? >> yeah. this time her deal includes a production component. so that could be better for judge judy's queen bee productions. >> i think that's amazing. >> it's the of her personality. she's a trip and it's somehow worth $50 million a year. but you're okay with this? >> i'm okay with this. >> but not for ceos. >> it's a market. >> but not for ceos. >> it's a market for the ceo too. >> like pitchers. it's okay. but not for ceos two or three is the market cap. >> that's no what i said. >> in a market where you're getting there. >> cheers. >> thank you. >> you wouldn't be in favor of that either. >>> when we come back this morning, an internet pioneer on the nasdaq we'll talk to him about the return to 5000. former ceo bob davis

today here in zurich i'm going to fly like an eagle. ♪ >> reporter: you didn't really think i was goingineer and artist. that's right, it is art. the designer around his team here in switzerland want to create a full body sensation of flying like a bird. as close as you can feel to actually flying and over a year they came up with this one of a kind machine called birding. swerving tilting and diving it brings the experience of flifing ing flying alive in a new and different way. of course first you need training. >> not little chicken flaps. really getting through. >> reporter: not little chicken flaps. second equipment. and finally, this. jumping off a san francisco bridge. oh my goodness! it actually really is really real! >> flap your wings very marred. >> i'm trying no the to. >> otherwise, you will crash soon. >> oh. >> you crashed. >> i know. >> reporter: in time it gets easier. >> you can go to the bay area. >> now this is cool. this is cool. >> reporter: soon you're in another world. just try not to lose track of time. >> oh, this is fun, guys. this is really fun. >> reporter:

today we consider the agency central zÜrich government to build the nation's fiscal health and i welcome chance or examine the treasury's budget request and how request and have what i hoped to be a frank discussion about what is required to fulfill responsibilities. i'm eager to learn how treasury has adapted to budget constraints and how you will deal with resource competition and competing demand. much of treasury's budget goes to the irs but they are important beers and functions. three in particular and please the president requested strengthening community development financial institutions and state small business credit initiative. programs like these can provide access for small businesses around the country and help them grow jobs and support the affordable housing and developed communities. i look forward to talking more about those. i've concerns about the proposal and pressing issues against iran and russia. i look forward to hearing your thoughts on that topic. no government agency is more visible than the internal revenue service that's a 95% of our federal government and