Senior credit analyst. Pleasure to have you on the first day of may and a big day for bank earnings. We have been hearing from a series of banks so far this year. Would you say lloyd is the best performer . If you look at the result its indeed quite song and its at the underlying level and theyre super bullish for the year. It will top the 55 day were talking about and the capital looks very strong. In the stu. K. It looks like the First Quarter results. Could we see it given the mixed set of data on the Housing Market in the u. K. . Its a distinct possibility and thats why when the banks say we have a very common equity one ratio then think about the possibility of moving to the standard requirement for the mortgage, the floor and then we could see this common equity one coming down quite significantly. Lets also switch focus to rbs. Its still seeing a sizable restructuring and litigation expenses. Is this a foreseeable head wind for the company . Yes. They have been guiding for restructuring costs to be here to stay for the next few quarters. The effects would probably come very soon. Possibly before june. The elephant in the room is the u. S. Mortgage settlement. Its the Global Financial crisis but at the same time lets not forget the capital was up 30 beeps. And if they deconsolidate the u. S. Banks they own citizen. Thats 45 billion going off to balance streets. On the other side its a little bit disputable how much progress theyre doing but at the Balance Sheet much stronger. Deal activity has been in focus as well. I was looking at the number. So far this year at a multiyear high. Investors betting on a european recovery. The euro also adding fuel to the activity weve been seeing this year. How big of an opportunity is this for the banks and which do you think have the best exposure to the deal were saying . U. S. Central banks, jp Morgan Goldman sachs. And inan europe i would think of the likes of Barclays Deutsche and a very strong First Quarter result on the back of a very stronger Investment Bank income. Quick word on your thoughts on the us. Thanking sector. This should be a great time given the potential rate hike inat the coming months. Over 13 trillion is sitting in american bankn account or money market funds earning little or noit interest. Is that already priced into the u. S. Banking sector . Irate rise would be possible for the banks but it would effect the Financial Assets and portfolio. The big topic is the lending growth. We saw the lending and it was suggesting that. We know they would have been lower thane expected. So very different from the european banks. We should point out in the month of april financials one of the bright spots in the u. S. Markets. Thank you for joining us here on Worldwide Exchange. Senior credit analyst at fund managers. Its the end of april and beginning of may. Lets get you wrapped up on how markets fairedow in the month of april. European stocks with its first monthly loss as investors have a rise in the euro. A look at the ftse gaining 2. 7 in the month of april thanks to a rebound in the energy oil and gas majors. The dax the biggest loser, german stocks as the stronger euro added pressure to german exporters. Valuationer cited as a concern. Dax up better than 20 this year. Lets look at france. The cac 40. French stocks reacting to the euro and a mixed set of earnings. The cac with a gain of around g. 3 . Some traders saying popular trades are becoming crowded and are now vulnerable to a sharp reversal and that might be behind the german bund sell off we saw. Theyreff sending yeelsd higher. Thats been a big story as of late. Were look at the yield at at 0. 357 . Many were calling for it to trade into negative territory at some point in the near future. At this point that doesnt seem to be the case. The euro dollar trade grabbing headlines while weak u. S. Gdp with the dollar index lower. A string of disappointing u. S. Economic data sending the dollar indexla lower but in todays trade we are look at the dollar index higher. Comod higattis yes, we have to take a h look at the movers seeing the crowd rally 20 this month. We are look at the Energy Sector up about s 5 in the month of april. Were looking at wti crude below barrel. Now changing the way we use energy, coming up we tell you about t teslas latest plans for a fossil fuel free lifestyle and if youre not convinced with teslas plans for green transport, how about a hybrid air ship . Cnbc got a knew of the largest aircraft. The fight is stealing the headlines. Coming up we hear from the under underdog underdog. Talking of head to heads, six days to go until the u. K. Votes for its next government and with it the chance to occupy the housupe behind me. All the. Latest from 10 downing street after the break. Esstet after the break. The staff at this beautiful resort. Will stay with you forever. Especially if you dont leave. You got it booking right. Booking. Com booking. Yeah welcome back. British voters question Party Leaders last night in the final tv setpiece of the u. K. Election campaign. It gave u. K. Prime minister David Cameron the upper hand putting him six points ahead of the Opposition Leader ed miliband. What happens if theres no clear winner in next thursdays poll . A referendum was a read line for him. I will not lead a government that does not deliver that pledge. I couldnt be clearer about the red line because people have been let down too many times about this issue and i want everyone holding that pencil in their hands in the voting book in a weeks time to know if you get me you have that chance. Im not going to have a Labour Government if it means deals or coalition with a Scottish National party. Theres no easy route to vote and get a labour govern. Ment. Im not going to start battering away my manifesto no matter what the outcome of the election. My great fear as i was saying earlier is if you have David Cameron dancing to the tune of the right wing of the conservative party or you have ed miliband at the beck and call of alex you go off to the right and the left. If either of them still think theyre going to win a majority they should go lie down in that darkened room. The election is really coming down to the wire will. Absolutely. Incredibly close. Lets talk a good bit about that debate last night. David cameron just about won it last night. He did see probably his best Live Television performance of the whole election campaign. Probably too little too late in order to get an overall majority but he will be pleased with his performance. Ed miliband started off more slowly but the real story for him somehow he has grown. He did face tougher questions than cameron, in particular from business leaders. Thats why perhaps he didnt come off quite as well but overall not a disaster performance. They struggled a little bit. Without the other two he struggled to make that point that he likes to say that hes the conservatives with a heart and the labor party with a brain but trying to highlight his differences from the two parties without them next to him was hard for him. Overall, the headlines again this morning on the likelihood of forming coalitions. Interestingly i caught up with him yesterday, of course the shadow chancellor. I was talking to him following the poll that suggested scotland was on course to win every single seat north of the border. So i asked whether it was time for labour to throw in the towel in scotland. What you dont do is throw in the towel 7 days before the general election when the vast majority havent voted. More than that the polls show 30 are likely to vote have not yet decided and are not in the opinion polls. What were hearing on the doorstep is people focussing on the choice and the choice is really clear. David cameron wants the s p to do well. The s p want david cam ran to do well because they know that will drive scotland toward independence. They have two roads. Second referendum and tory government or Labour Government. You only get a Labour Government if you vote labour. Seven days to go. We want scotland to choose the right choice. Thats the labor road. All voters are getting very tired about, it was evident last night is the claims by both labour and the conservatives that they still think its possible to get a majority and they continue to dodge the question of who they would like to form a coalition with. We look with six days to go like getting a minority government of some form and its uncertain who will be Prime Minister and occupying the house behind me. At this point a coalition seems inevitable. Theres more on whats driving Voter Opinion in the u. K. Election on our site cnbc. Com. Lets discuss more and how it could impact your portfolio. Were joined here around the desk. Wilfred frost is still with us. If conservatives do win the grexit is a big concern. Will london lose its reputation and what would the Economic Impact be . I dont think it would lose the financial hub. But it wouldnt be good. The uncertainty that we would be faced with is not great. Thats almost far worse than the election outcome which i think is going to be a little bit less exciting than it currently looks. Jump in here. Im going to dive in as well. The issue of a brexit is overplayed by people. Even if we get a conservative government and referendum it wontd come wont come about until 2017 and it will be lead by someone pro european. But the leaders we just mentioned still want to stay in europe. So i think a brexit is hugely unlikely. Its 2. 5 years and a tough referendum away. So for me the uncertainty were facing on the economy and markets isnt so much focused on that, nor the idea that labour could be bad for business. Theyre a far cry even with s p support. Its much more on the shortterm on the uncertainty with the lack of a clear government and clear majority. But its not going to change the longterm outlook which remains challenging. Im not saying its that bright but both labor and the conservatives have in general, relatively similar fiscal plans and they are focused on the same thing. Slowly paying down the deficit but markets and the economy will react more to that and Monetary Policy than the outcome of the election. Are the fears overdone given that any vote on eu membership wont happen two years from now . Its not the fear that theyll actually exit but in the run up to it theres always a possibility that something might happen and as we saw in the run up to the Scottish Referendum then theres the fear it might happen after all and that uncertainty is not good for the business community. One week to go. What do you think reacts most strongly . Currencies, bonds or equities. I think its currencies. Interesting after the last election it did rally once we saw the coalition formed aand the immediate aftermath it sold off by about 2. 7 i think over the seven days while there was the posturing. There will be uncertainty while that happens but longterm i dont think its going to make a huge difference to the outcome of u. K. Pcl. Lets break down specific sectors. Are you concerned about the impact of the proposed mansion tax and how that could effect the housing sector here in the u. K. Not overly. Its too small a sector overall but it could discourage people from making the progress in their life theyre aiming to do. I dont think its such a great idea. But was that a blow to the conservatives . It was quite the disappointing number. Weakness in construction and manufacturing as well as the Services Sector. It wasnt helpful for the Coalition Government but it didnt come with any great surprise to us. There was that global winter bilp we had. That wasnt a huge surprise. I think the public hasnt really taken too much notice from that one figure. Tax cuts have been proposed. Could we see a meaningful rise in Household Income and rise in metrics like inflation. Where the u. S. Is with the deficit and other things i cant see any significant tax cuts. I see that much more as preelection posturing and in the end they all know theyll have to do a coalition and in that agreement you can then just say im so sorry. Wont be able to deliver on that. I think the interesting point that i took from last night was that red line that cameron drew that he said with me at the top there will be a referendum. You cant have me without a referendum. Thats the strong stance he made there. We want to discuss the fed and earnings with you and the kick off to may. What can investors expect. He sticks with us here on Worldwide Exchange. From james bond to the other 007, we caught up with Pierce Brosnan and asked him who he is backing in the election. Stay out of that one. I have been out of the loop. May the best man win but let it be for the people, please for the people. Just six days to go miss mody from 0010 downing street back to you. Wilfred, thank you so much. Love it. Wilfred frost, i mean mr. Bond. You can head to cnbc. Com for more interviews. As well as number ten, the other door everyone is watching is that of the linden wing. Could today be the day for the latest royal edition . The newborn baby could add further meaning to the world loyalty. Forget rihanna, beyonce and kate. One of the most influential fashion stars on the planet isnt two years old. Prince george. So as the third in line to the thrown prepares to welcome a sibling we take a look at how much cash this diaper dandy raked in. He birth gave the u. K. Economy a 400 million boost with people snapping up souvenirs, toys and books to the estimated tune of 269 million. If his face could be slapped on it, it was sold. The biggest baby bump came at the higher end of the market. The wool wrap he chose to first greet his fans at 3 day old broke the internet. Sales skyrocketed 1,000 and the george growth isnt only in fashion. In the run up to his birth the u. K. Public selled out 2. 4 million in bets alone. Speculating on everything from hair color to his future job and the name. Bets are out if baby number two will deliver the same boost. In the names race its james if its a boy and alice if he has a sister. A fast moving canine gave authorities the run around at Palm Beach International airport at florida. The dog was spotted on the tarmac around 7 00 a. M. Several workers and trucks and on foot came close to catching the pup. The dog even swam in a canal during the chase. How about that . Maybe it was trying to get on the hot tech scene or maybe just wanted to check out cnbcs new studio but this sea lion was found in san francisco. A beautiful neighborhood. Crews from the Marine Mammal center were able to capture it and return it to a more normal habitat. This isnt just financial news. Were giving you everything you need to know about animals. Is it a bird . Is it a plane . No its the largest aircraft in the sky. Phil went to take a look at the airlander blimp. The hybrid vehicle hoping to change the way we view aviation. It may be hard to tell its scale but this is the Worlds Largest aircraft. Part blimp, part airplane part helicopter. Its thin skin holds in 38,000 cubic meters of helium gas. It was first developed as part of a secret 150 million Pentagon Program but that was shelled in 2013. Today the airlander is undergoing testing north of london after being bought back by its creators. Hybrid air vehicles. The main purpose today is for civilian use. This can provide days worth of communications or overwatch and help with anything and help with a situation. It can take equipment to anywhere that doesnt have roads or airways. Just to give you a sense of how big it is it measures 302 feet in length. Thats 60 feet longer than the Worlds Largest passenger plane. It can also remain up in the skies for up to 21 days without being refuelled and fly at 20,000 feet. The company is also hoping to one day have the airlander as a future home of transportation. A slow one. Its big sister the airlander 50 will carry anywhere from 200 to 400 people. It will be a big, slow moving luxury way to travel around the world. But the company may have a tough time convincing passengers to sign up. A specific explosion and passengers and crew hurl themselves out of the ship into the ground. This is what most people think of when they hear the word airship. The disaster of 1937. Its a marketing challenge amidst the company. We believe its one of the safest form of travel available. Were feeled with helium that doesnt burn and put out fires. Its not like the hydrogen of early days. We have four engines. We only need to fly on one. We can float on none. They say you can fire a bullet through it and nothing would happen. It would go through the hole and come out the other side. So there would be two holes but the leak rate would be so slow that it would have no immediate effect on the capability of the aircraft. The Company Hopes to start test flights at the end of the year. Who knows if a fleet of airlanders might soon be coming to heathrow. Read more of our Tech Transformers coverage. Head to cnbc. Com for more. Still to come on Worldwide Exchange could the grimbo be coming to an end . Stay tuned as we discuss. Tuned as we discuss. The only European Market open for trade on this monday. Lloyds bank leading the gainers after a 21 jump in profit. Greece is willing to compromise with its creditors without abandoning its antiausterity pledges and cameron wins it on points. He tops a poll before next weeks election with Party Leaders fielding tough voter questions on government spending. Dear chief secretary im afraid there is no money. Thats the situation i inherited. President obama isnt dealing with a high deficit because we built more schools and hospitals. Hes feel dealing with a high deficit because theres the Global Financial crisis. The 23ig your of course still above 50 which does indicate growth but still a lackluster number to say the least when looking at manufacturing here in the u. K. We also got a look at u. K. March mortgage approvals at 61,000 331 versus what we saw in the month of february. Sterling right now is slightly its slightly weaker here against the u. S. Dollar at is 15329. Worries about the economy recovery. I want to quickly get your thoughts on this manufacturing number. Is this a big concern or just a shortterm blip that will be overlooked by investors . All depends on how strong the euro zone will recover. Its an immediate consequence of the strength of sterling that was going to come through at some point but lets not forget manufacturing isnt such a great big sector in the u. K. That was the pmi for the Services Sector i would be worried. But i thought Lower Oil Prices was supposed to help the sector . We have seen that number rise steadily so theres still some questions as to why we saw a dip here in april. I didnt expect as much of a dip. And i can only put it to the strength of sterling which is making it more difficult for the u. K. Manufacturers to par gattis paint in the recovery. Again. U. K. Manufacturing pmi falling to a 7 month low of 51. 9 coming in six days ahead of the u. K. General election. You can see the sterling moving as investors react. Lets look at the other currencies and movement in the euro of course. Given the steady rise the sharp reversal in the euro in the month of april. That has been catching investors by surprise and there you go take a look at the monthly performance. Euro gaining 4. 4 against the u. S. Dollar. Take a look at the dollar index. This has been the big concern when looking at u. S. Corporate earnings. The negative impact for the multinationals that make money overseas but we have been seeing the unwinding of the trade given the soft Economic Data out of the u. S. Sending the index lower. In the month of april down 3. 6 . Heres the big winner. After that big move to the downside in the russian rouble well a very different story here in 2015. Gaining about 11. 5 . Yesterday the Russian Central Bank cutting rates by 150 basis points. Now through earnings season we have been asking ceos for their take on the impact of currency head winds in their industry. Take a look at the biggest responses. Its only 2 and its solid growth. Its only 2 . Clearly the currency in some areas like the dollar is retraced. The euro is obviously still weak so that is having an impact on the business overall. I think we feel like the measures in place were appropriate. They obviously the results were good in the first squart quarter as a result of that. So we think its an appropriate response. The big swings in currencies of course one complicating factor and we have never seen such a big swing which makes it harder to predict where we are but clearly where the weak Swedish Krona is right now thats very positive. A month ago people were thinking that we would shoot underneath 1 and we should give it time. And you are right now looking at live pictures of athens where Civil Servants and labour unions are demonstrating to mark may day. A live shot of athens. Well continue to bring in the live shots as activity is seen. Speaking of greece the greek finance minister hinted athens may offer concessions to international kred tors as crunch talks resumed yesterday. This could conclude further asset sales and measures to tackle tackle it. Theyre trying to before the cash crunch. Greece must repay almost a billion euros to the imf by may 12th. This comes as greek pensioners queued at banks around athens yesterday after the government delayed pension payments to over 2 million citizens due to a technical hint. National bank of greece saw the biggest ones outside the banks. Lets talk about greece and the payments coming up some changes at the top. They have swapped out the Leather Jacket for a tie. Do you think this will help the negotiations with International Creditors. It will definitely help. He made too many enemies. He really hasnt helped the case and as we can see with the payment crisis at the moment the heat its eating up. Theres stuff that needs to be done. The deadlines are always looming. It would be a shame if we had this grexit and i much prefer greek limbo. We just love financial activities kro anymores. Especially when it comes to greece. Greece has gone through the tough stuff over the last couple of years. The debt is just too high. It needs to be recognized across the euro zone and i think they do recognize it but they want to get a little bit back as well from this new government in terms of accelerating some of the reforms that are still needed and i think eventually it will end in a compromise. Interesting. He threatened to hold a referendum if lenders try to push athens too far but do you think this vote will reveal that citizens are not happy and thus help the talks move forward . Its a very risky strategy. The National Bank is certainly pressured from the euro zone. Despite a lack of progress when it comes to the reforms list the greek debt market and bond market are signaling that investors arent as concerned about a greek default. Why do you think that is . Its too much at stake and they know that greece has gone through the tough adjustments already and isnt that far away from getting on to a proper recovery path. It just requires the creditor countries to recognize that the debt burden at the moment is still too high and theres some responsibility on the lender side as well because they have made poor lending decisions. Do you think as fears subside when it comes to the financial situation thats one of the reasons we are seeing the move in the german bund. Yields spiking different than the past couple of months. I wouldnt put too much in the greek situation. The Million Dollar question this year is is this the year when the bond market is actually finally turning and this last week we saw that theres more Market Participants getting nervous that this may be the point. Last week we had the ten year bund at zero and now its close to. 4. So thats a massive move and massive surprise but its also a sign of what we might see coming for the rest of the year. But longterm, the ecb Quantitative Easing Program should push yields down going further. Thats what it should do but as we saw in the u. S. As well with quantitative easing if it has a very positive income in the economy then yields go up despite the buying pressure but thats the really interesting bit to watch. Thank you so much. Now an estimated 20,000 people are expected to take to the streets in milan for may day celebrations. This as they open the doors for the world fair expected to draw 20 million vis tos. We have this preview. Its been seven years in the making and on may 1st the italian city of milan will open the 2015 world expo. The six month long event is a chance for the city and the country to reinvent itself after years after economic stagnation. If all goes to plan more than 20 Million People will visit the expo generating a boost of more than 10 million for the economy but unfortunately things havent gone to plan. Construction costs have spiralled over budget and crews were struggling to finish on time and theres been a number of corruption scandals involving the bidding process that lead to several high profile arrests. In addition to the delays costs, and corruption many italians dont want to hold the event. A large movement has been demonstrating in the lead up to the opening. They argue the money would have been better spent on social services and infrastructure projects. Still among the police and protestors protestors some were lining up for the opening weekend. All the projects has been spent a lot of money and may it will not be useful for other important projects. With both sides holding their breath it will be a long wait to find out whether the 2015 world expo ends in triumph or tears. Cnbc milan. As the six month long expo gets underway head to cnbc. Com for more facts and figures and whether this is a wasted multibillion dollar opportunity for italy. Now to china, chinese factory activity stayed out of contraction territory in april with official mpmi at 50. 1. That was exactly the same as last months reading and just ahead of forecasts. This slows domestic and export demand. Pmi fell to 53. 4. The lowest reading since january of 2014. The slew of underwhel ming data raised expectations that beijing will step in with further stimulus. Thats seen the shanghai composite gain over 18 in april. Its best month since december. So there you go. 4,442. Are you bullish on chinese stocks right now given the expectation or further Central Bank Intervention . Im a bit cautious on the stocks. They have risen a lot. I would probably disagree with the earlier comment that it was on the back of monetary easing. Its very much a domestic reaction to the government discouraging residential investment. So a lot of money has rushed into the stock market. Retail money too. Exactly. Retail money too that was pushed out and that market is relatively high now. Its not that bad over the longer term. How often do we see a government give trading advice to its citizens. That in itself was absurd. Its interesting but its really symptomatic for the Chinese Government stepping in and taking action when things are going wrong and at the moment they decided having a stock market as elevated levels is less. Would you say this is a bubble in the shanghai index . From the basic valuations you can say its a bubble but its gone up fast and quickly. Theres always the risk of the correction. Well continue to keep an eye on the story. Theyll open the countrys Stock Exchange to four investors for the first time ever. The new rules are expected to be introduced in mid june but if youre eager to get into the market theres already an avenue you can take. Hadley gamble went to find out more. The government says its still on track to open up the arab Worlds Largest stock market but there will be strict rules. The Capital Market authority says investments will be limited to funds banks or Brokerage Firms with assets under management of no less than 5 million. They also wont let anyone hold more than 5 in a company. The total Foreign Ownership of any Saudi Company stands at 49 . But if saudis stock market is too frontier for you play, theres already an alternative investment play. Buying property. Theyre the first to allow individuals and companies to buy land. It was the vision of the late king and part of six planned cities designed to help diversify the countrys oil based economy. Only four of those are still under construction and its by far the most ambitious. It can be difficult to describe just how big this city is. You have 181 million square kilometers. You have the industrial valley. Coastal communities, King Abdullah port and a high speed train that can cake you to downtown in 20 255 minutes. Thats good news for us as it took us 1. 5 hours of desert driving to reach the properties. With the saudi arabia juan general Investment Authority being the main facile at a to. Construction began in 2006 and is expected to be completed by 2025 at an estimated price tag of a cool 100 billion. All right. Its a huge weekend for sport with manny pacquiou and Floyd Mayweather. We hear from the underdog himself. Stay with us. Stay with us. I hate cleaning the gutters. Have you touched the stuff . Its evil. And ladders. Awwwwwww they have all those warnings on them. Might as well say, youre going to die, jeff. You hired someone to clean the gutters . Not just someone. Someone from angies list. But were not members. We dont have to be to use their new snapfix feature. Angies list helped me find a highly rated Service Provider to do the work at a fair price. Come see what the new angies list can do for you. A seat in the senate. Speaking with our u. S. Colleagues yesterday the pac man lined plans for his share of the prize money. Im already planning that some of that money im giving to a foundation in the philippines to help the people and also i bought land for the people and built a house and gave it free for people that dont have a house. This fight i will earn big money and i can build a house for them and they can live with a house. Pacquiao is expected to wear the worlds most expensive pair of shorts in the bout with a group of sponsors paying well over 1 Million Pounds for ad space on the garment during the fight. Floyd mayweather has no corporate sponsorship contracts. The ceo of Mayweather Promotions gave cnbc his take on why mayweather is missing out on this opportunity. I received a number of offers from a variety of different sponsors. We just decided that didnt meet his needs. He has made good financial decisions. A huge weekend for sports with a lot of money on the line. Saturday is the Kentucky Derby which could see 100 million in revenue for Churchill Downs. Plus both the nhl and nba playoffs continue this weekend. The nba saw roughly 4. 8 billion in revenue last season while the nhl saw 3. 7 billion. Finally its one of the oldest rivalries in spots. The red sox and yankees kick off tonight which is is guaranteed for ratings and marketing dollar. A jam packed weekend of sports. We have been asking where are you put yourgting your money . A couple of bucks on the Kentucky Derby . We have been getting your tweets. His money is on mayweather. American pharoah in the derby and clips over spurs in the playoffs. Get us your thoughts on social media or email. You can tweet me. My personal handle on the bottom of the screen. Now one company that could benefit not only from mega sports weekends like this but also from the release of the apple watch is sports lobster. Joining us is the cofound over sports lobster. Thank you for having me. Words cannot describe the excitement around this fight. How much do you think elevated the competitive factor with the faceoff . It has a huge imact. Were seeing now more and more move away from print media and social media has given people a chance to have their say. Were seeing at the moment its a real heavy heart situation. A lot of people really want him to win but we run a poll over the last couple of weeks its 66 mayweather to win. Sure. Now all of the talk is we really hope manny does but ultimately people bet with their heads. Lets talk about sports lobster. You build the virtual ecosystem for sports fans. Tell us how your platform differs from facebook and twitter which is heavily used already to discuss their views. Sure. What sport lobster does is bring all the different elements of a sports fans experience into one place. News blogs, predictions, we try to make sure that sports fans dont have to open multiple tabs and we bring it together and taylor it to your references. How are you you getting accent from competitions and matches around the world. Do you have to pay for the content . No we dont. We dont have one with espn at the moment. So we get all the live data in and we rely on fans. Its really their opinion that were interested in. You have big backers. Sports celebrities including mr. Cristiano ronaldo. My boy firemen. Just kidding. How did you get the big names . We had a conversation and showed him what we have been up to. He was the first big name to latch on to us and he has been a huge help in getting the likes of Cristiano Ronaldo and hundreds of other athletes. So one leads to another there you go. In term of the Technology World were seeing the shift from desktop to mobile. Now analysts are betting on the shift to wearables. Weve seen the release of the apple watch as many other players. How are you bringing your content to the wearable market. Were fortunate enough were actually one of only five sports apples currently on the Apple Watch Store and we see it being a huge change. It revolutionizes the way people will be reacting with sports. It will be a constant experience because you see the score without having to open anything. So were predicting a huge growth in wearables. Interesting. Well have to watch out. Is your app available right now . It is available right now. And you raised a series of rouns, 1. 1 Million Pounds last year. Any further funding in the future . Yeah we raised just over 10 million to date. Were raising another round at the moment which will complete in the next couple of weeks. Were in the fortunate position of being able to choose the Strategic Partner were going to go with. Any plans to go publish in the near future . Not at present but were always open. It could be in the cards. It could be. Who are you betting on . Mayweather or pac man . Im going with my heart. Stick with the heart. Thats always what my mom tells me. Aaron pleasure to have you on the show. And with a mega weekend of sports ahead get a full dollar break down on the website. Head to cnbc. Com to see where the money is going. Avengers age of ultron is set to open this weekend and like tloi dethrone furious 7. The sequel from the 2012 blockbuster has already taken in more than 200 million. More on that story coming up on the other side of Worldwide Exchange. Exchange. Welcome to the second hour of Worldwide Exchange. Happy friday everyone. A lackluster april for u. S. Markets. Major indices close out the month in positive territory with a dollar index winning a nine month winning streak. The dollar bull run hitting visa as its below expectations. Shares in linked in plummet. Tesla sparks another idea into life. They unveil a range of solar powered batteries as it seeks to tap into the 19 billion energy industry. A mega day for players with the fight of the century set to become the most lucrative boxing bout in history. And on the first day of may what can you expect at wall street . Right now a higher open after the sell off in yesterdays trade. The dow with a higher open by around 135 points. The nasdaq also higher by around 13 points. This could change over the next couple of hours so well keep an eye on the premarket trade for u. S. Futures but just a week back we were at record highs but continued concerns around the sustain blt sustainability plus weak Economic Data. There were some winners, though. The best performer sector thanks to a rebound in oil prices. Crude gaining about 20 in the month of april and here heres the s p 500 and how it faired in the last month. A chair of. 8 in the month of april. Now this was a historic month for the nasdaq. Hitting a new record high but it failed to hold on to that level as a mixed set of tech earnings and concerns over valuations plus a sell off in bio tech sending the nasdaq lower. Its now trading below its 50 Day Moving Average. A key level that technical analysts are watching. The nasdaq at 4,941. Lets talk more about what to expect in may and also look back at what happened in april with carter worth. Head of Technical Analysis alt cornerstone macro. Thank you for joining us today. What did you make of the sell off that we saw yesterday . Is this the start of a long prolonged sell off . It was severe and we do know and some of what you discussed just now is we have i would characterize a market which is very high in volatility and low in variance. Meaning we have these great swings intraday. Individual stocks of course having epic plunging after their earnings and surges which is often the case but were going nowhere. This is essentially may 1st and the market made no progress and everyone knows that so i think the question is now is this stall is it for shadowing a rolling over or as the bulls would argue that this is a pause that refreshes. We think its a stall that is not good. But is it concerning theyre all trading below their 50 Day Moving Averages . Thats right. Its how damage the starts and it doesnt take a lot to get down to it but it does imply that youre at a risk of breaking a more meaningful trend and its going on in the most extended parts of the market. An weve had an offset by energy coming to life but its deterioration that cant be ignored. Do you think, though i mean, the rekrencent string of the disappointing data. Especially when you look at the u. S. Gdp number but weve seen that before. Take a look at q1 of 2014. Lackluster due to weather and then a rebound in the second quarter. Can we see that in 2015 . The 2014 analog is on everyones mind and its incredible how we had a quite first part of the year and then the weatherrelated gdp dip into negative and then came back sharply. Thats very possible. What we do know is that the market in terms of its parts, many individual parts are different in this point as they were in 2015. Energy being so much lower than it was then and Certain Health care and consumer and others are so much higher. In that sense and thats usually a sign of narrowing breath. The sector was the worst performing sector in april. Bio tech stocks on the nasdaq were off more than 3 for the month. Health care and utility slipped too. Energy was up more than 6 on the month but when it comes to bio tech what does your Technical Analysis tell you . Are we starting a larger correction here . Yeah we think its still concerned if the sense of if you use the ibb which is the most liquid etf to track the nasdaq bio tech index. We have given back a reasonable we like to use the 150 Day Moving Average. We think were going there and this would be a good reset because this is one of the most extended areas of the market. Its a very powerful principal. Those really ahead like consumer and bio tech are coming in and those behind like energy are coming to life. Some are saying that the sector is getting overbought. What are your thoughts . Im in that camp actually. That the ricochet and it is that its been violent. Its brought hope back into the space but could it continue . And if one believes it continues one believes in a vbottom and theyre exceedingly rare. Yeah. Lets also talk about the small caps because the russell 2000 did come under pressure in the month of april. Are you looking at the small caps as leadership as to what to expect from the Broader Market in may . Whats so interesting is that the small caps if you were to take the entire value of the russell 2000 at some it only adds up to the top 4 or 5 stocks in the s p 500. So it doesnt matter in that sense. These are the names that were supposed to benefit from the stronger dollar. Thats not what we saw in april. Thats right. The small caps are supposed to be immune from problems and geo political problems and they have been over a year and now theyre faltering. Linked in reporting First Quarter earnings and revenues after the close on thursday but the company also lowered its guidance for the rest of the year. That sent the stock into a tumble falling more than 20 in after hours trade. Definitely a big mover you want to watch today. Visa on the other hand reported earnings after the closing bell that beat analyst estimates by a penny with revenue above estimates. Shares fell about 2 in the after hours trade despite the positive reports. Charlie sharp said the companys results remain strong despite the strengthening u. S. Dollar and lower gas prices. Dreamworks animation with a smaller loss. The company has seen a series of Box Office Disappointments recently and posted a 55 million loss for the quarter. Ceo says the company is in rebuilding mode but he does see reason to be optimistic about the studios latest film home which has taken in 300 Million Worldwide since it opened. Now its a huge weekend for sports with Manny Pacquiao and Floyd Mayweather fight. We spoke to the pac man. Thats coming up in two minutes. Stick with us. Stick with us. Theres some facts about seaworld wed like you to know. We dont collect killer whales from the wild. And havent for 35 years. With the hightest standard of animal care in the world, our whales are healthy. Theyre thriving. I wouldnt work here if they werent. And Government Research shows they live just as long as whales in the wild. Caring for these whales, we have a great responsibility to get that right. And we take it very seriously. Because we love them. And we know you love them too. These are your headlines at this hour. Linked in and visa both losing ground. Greece signals it might compromise with creditors and a big weekend ahead in sports with mayweatherpacquiao fight and Kentucky Derby coming up. Its been five years in the making but tomorrow night in las vegas Floyd Mayweather and Manny Pacquiao faceoff in the most lucrative fight on boxing history. Pacquiao, a philippines congressman is looking beyond boxing to his next political move, a seat in the senate. The pac man outlined plans for his share of the prize money. Im already planning that some of that money i am giving to a Foundation Different foundation in the philippines to help the people and also i bought the land for the people and gave it free for the people that dont have a fight. Its a blessing this fight i will earn big money and i can build a house for them and, you know, they can live with a house. Its been going a big weekend for sports in the u. S. With a lot of money on the line. Saturday the Kentucky Derby which could see 100 million in revenue for Churchill Downs and 16 Million Viewers plus the nhl and nba playoffs continue this weekend. The nba saw roughly 4. 8 billion in revenue last season while the nhl saw 3. 7 billion. Finally its one of the oldest rivalries in sports. The red sox and the yankees kick off a series tonight which is guarenteed opportunity for ratings and marketing dollars. With a jam packed weekend of sports ahead were asking you where are you putting your money . Let us know on Worldwide Exchange. Get in touch with us and email us at worldwide cnbc. Com. Tweet us. You can see my handle on the bottom of the screen. Now were going to bring in carter worth who is head of Technical Analysis. Who are you putting your money on . This is going to be a big fight. Many say historic even. Mayweather and pac man. Whats fascinating is this and the derby. The gladiators in rome they were the working class heros offor years and one of the most elite sports in the world and expensive to get involved in thoroughbred horse racing and the rich history of that event. I dont have a bet on which boxer but ill be following it closely. Carter Floyd Mayweather already the richest sportsman in the world. Hes expected to earn about 200 million for this weekends big fight. Maybe youre in the wrong line of work. Maybe wall isnt what you should be focused on. Quite clearly. Im not sure i would hold up in that situation. A lot of money for a brief moment of effort but the effort that goes on behind the scenes is nothing short of help us understand whats happening on trading desks . Are people talking about these fights and placing bets in the market . Sure. Theyre definitely theyre attending these events and counting on it to be their entire weekend. They should be. Its exciting. The money part of it aside, in term of betting on it you can feel it in the tone and tenor when the conversation comes up how anticipating they are. Absolutely. Lets get back to markets. Looking at the broader picture. Europe is recovering. China trying to work hard. U. S. Going through this blip of disappointing data. At this juncture are you bullish or bearish . I think you have to consider this a situation where you have very extended areas of the global scene. Nikkei has come a long way. Imagine the dax being 50 off the low in october and then at the other extreme you have sort of either stalled or are stalling. And then if you look over the parts that compose the global hole and try to say well what is it that can take us higher from here, the one thing that we think you can use a control mechanism for the entire way forward is u. S. Financials and financials in general. They have not kept up and they are the second biggest sector in the s p and i would say at this point for the u. S. Equity market in any event to move higher in a meaningful way you have to get some contribution from marquee banks, brokers and ensurers. Asseters. Thank you for joining us here in the conversation on Worldwide Exchange. Pleasure having you on. Thank you. Now a fast moving canine gave authorities the run around in florida. He was spotted on the tarmacs around 7 00 a. M. Several came close to catching the cute little pup but the dog even swam in a canal during the chase. Quite the ambitious animal there. Speaking with animals, maybe it was trying to get in on san frans hot tech start up scene or perhaps wanted to check out the new studios at cnbc but this sea lion took an adventure and was found confused under an suv right by the water. Crews were able to capture the sea lion an return it to a bit more of a normal habitat. Still to come on the show the Worlds Largest aircraft takes off. Will it be a success or a load of hot air . Find out next. Find out next. Why do we do it . Why do we spend every waking moment, thinking about people . Why are we so committed to keeping you connected . Why combine performance with a conscience . Why innovate for a future without accidents . Why do any of it . Why do all of it . Because if it matters to you its everything to us. The xc60 crossover. From volvo. Is it a bird . Is it a plane . No its the largest aircraft in the sky. Cnbc went to take a look at the blimp. The hybrid vehicle hoping to change the way we view aviation. It may be hard to tell its scale but this is in fact the Worlds Largest aircraft. Say hello to the air lander. Part blimp, part airplane part helicopter. Its thin skin holds in 38,000 cubic meters of helium gas. It was developed as part of a secret Pentagon Program but that was shelved back in 2013. Today the airlander is undergoing testing north of london after being bought back by its creators. Hybrid air vehicles. The main purpose today is for civilian use. This can provide days worth of communications or overwatch and help with a rescue attempt or help monitor a situation but more than that it can land and take off anywhere so it can move cargo, equipment, anywhere thats remote that doesnt have roads, doesnt have railways. Just to give you a sense of how big it is it measures exactly 302 feet in length. Thats 60 feet longer than the Worlds Largest passenger plane. It can also remain up in the skies for up to 21 days without being refuelled and fly at an altitude of 20,000 feet. The company is also hoping to one day have the airlander as a future mode of transportation. A slow one. Its big rsister will carry from 200 to 400 people. It will be a big, slow moving way to travel around the world. But the company may have a tough time convincing passengers to sign up. A terrific explosion in the tail and passengers and crew hurl themselves out of the ship and to the ground. This is what most people think of t the disaster of 1937. Its a marketing challenge admits the company. We believe its one of the safest forms of travel available. We are filled with helium that doesnt burn and puts otolaryngology fires out fires. Its not like the hydrogen of olden days. We have four engines. We only need to fly on one. We can float on none. We have 15 different compartment compartments in there. You could fire a bullet through it and nothing would happen. It would go through the other side but the leak rate would be so slow that it would have no immediate effect on the capability of the aircraft. The Company Hopes to start test flights at the end of the year. Who knows if a fleet of airlanders might soon be coming to heathrow. And you can read more of our Tech Transformers coverage. Head to cnbc. Com for more. Gone are the days where you just go to the salon for a hair cut and a chat. Our next guest is here to discuss the evolution of beauty treatments and the increasing Role Technology is playing in the sector. Nice to be here. Ten years back you went to the salon to get your nails done. Perhaps a hair cut but technology introduced a whole range of new options and services for the better or worse. How are they trying to transform their services. We created the triple oxygen facial which attacks free radicals and we have been pioneering ever since. You can see the trend has been big going from software to hardware. Creams and lotions to tools and machines. I was reading online the use of light technology, mike. Apparently red light is used to speed up cell renewal and a blue light is used to sooth skin and reduce areas of inflammation. Does this actually work or is this a gimmick . It does work if its used correctly. Theres a lot of gim ix on the market of course so make sure you use a reputable source. You look at social media and its evident that with the use of filters and photo apps were living in a society where theres a level of perfection to achieve perfection. Is that good. We don think trying to achieve perfection is a healthy thing because youre never going to be perfect. Wrinkles happen, pimples happen stretch marks happen. Well try to help you take care of these things but dont try to go for perfection. I thought imperfections were supposed to be what made us unique but with photo editing apps you can take away that pimple. I think you look fantastic. I wouldnt change a thing. But isnt that a little sad given how were trying to use technology to enhance our beauty and looks essentially. Its a bit of a shame. We say feel good about who you are but if you want to look younger and feel better heres some products to help you get there. If you want to get thinner, a machine isnt going to make you do that diet and exercise will. Bliss world you have a partnership with w hoetels. How are you doing expansion in europe. Were doing amazing. We celebrated our first Year Anniversary in china and were killing it. Good luck with your success. Bliss world president. Thank you for joining us. A quick look at u. S. Futures pointing to a higher open. More on todays price action on the other side of the break. Her side of the break. It is 10 30 a. M. Here in london. 5 30 a. M. In new york. Welcome. Youre watching Worldwide Exchange. Im seema mody and heres your headlines. A lackluster april for u. S. Markets. Major indices close out with the dollar index winning a nine month winning stake. The dollar bull run hitting visa as it has profits below expectations. Shares plummet after disappointing guidance. The electric car maker unveils a range of solar powered batteries as it seeks to tap into the storage industry. A mega payday for players with the fight of the century set to become the most lucrative boxing bout in history. And if youre just tuning in to Worldwide Exchange thank you for joining us here on this friday. Yesterday a big sell off on wall street but futures pointing to a higher open. It was a sour month for stocks. Some ended the month selling equities and bonds lower which was interesting yesterday. Some of the winning trades getting unwound this week. The dollar losing about 4 this week. Reacting to the weak data out of the u. S. Durable goods, retail sales and the latest gdp surprising to the downside. Stronger euro by the way. Bad news to germany thats an export power house. Dax losing about 4 . While the dollar weakened as of late the overarching story is the negative impact on corporate earnings. All this month we have been asking ceo smss for their take. Take a listen to their responses responses. The overall net effect on currencies is rather lengthy. The solid growth. Its only 2 . Clearly, the currency in some areas like the dollar is retraced. The euro obviously is still weak versus the swiss frank. Thats having an impact on the business overall. We feel like the measures we put in place are appropriate. The results were good in the First Quarter as a result of that. Sticking with the plans going through we think its an appropriate response. I think the big swings in currency is one complicating factor. In my carrier the last 10 or 15 years ive never seen such a big swing between the Swedish Krona and u. S. Dollar but i think that clearly clearly thats very positive all the time. A month ago people were thinking we would shoot underneath the one. We should give it time to reach it. Lets talk more about the currency trade with the senior fx strategist joining us from cnbc headquaters. Hey, sebastian. Understanding the fundamental reason behind the sharp rise in the euro is what id like to do here. When i speak to analyst theres multiple reasons. Is it greece that renewed talks between greek leaders and International Creditors . Some say it has to do with the disappointing data out of the u. S. Or encouraging data out of the euro zone. What do you think is the main driver of the euro . Whats really happening is typically in an environment where you get a massive forced move out of one country which would be the euro zone into the u. S. The outcome is that you overshoot or in this case undershoot the market and what you have done is undershoot the Market Selling between 110 and parity. This is quite typical. They look to the size of the portfolios and most of them to shift into the other country which is the u. S. And only part of these portfolios can adjust and most happen through valuation. The market is settleling back at 112 but positions are being squeezed and we could reach the top of 22680. These have been reduced. They remain very large and they have to continue to be reduced in an environment where liquidity is some what limited. So, okay the euro gained about 4 against the u. S. Dollar in the month of april. Whats your call in april . Does it head higher or lower . Definitely heading for top however youll probably see the dollar continuing to force itself. For example, today we might get some surprise on the ism. Odds are its better than expected. The odds of that is very very high. Its the easiest rate around. Its also linked to positioning in bund switch is incorrect and that replacing has happened in the euro zone curve as well as the euro dollar and thats the easiest rate. It doesnt really change much in the direction of the dollar in the medium terms. We feel quite confident that well reach parity next year but it will be a slow growth. Quick word on russia. We have been seeing the massive move in 2015. Investors encouraged. Whats your call on the rouble . We think a lot of the depreciation already happened. The rebound has partly happened fair values between 35 and 40. Its very low odds. We think a lot of it has happened. Were in an era of consolidation and remains some what difficult. And therefore we probably in consolidation. Russia does offer high yield. You may not be able to get out the way you want to. A dramatic move. It was the worst performing currency in 2014. Its now the best performing currency in 2015. Thank you so much for joining us here on Worldwide Exchange. Lets also look at the other top stories. Avengers is set to open this weekend and is likely to bethrown furious 7 from the top of the u. S. Box office after four weeks. Its already taken in more than 200 million in International Markets and could match that number in north america this weekend. With less than a week to go until the u. K. Heads to the polls voters had their last chance to see the candidates on tv last night he was left red faced not because of what he had to say but what happened when he left the stage. The Labor Party Leader took a stumble after being zbriled by the audience. That stumble is already over social media but is likely to be eclipsed. The royal baby is is due. The dutchess of cambridge is overdue, in fact. Could today be the day . The newborn baby could add more money. Forget rihanna, beyonce and kate. One of the most influential fashion stars on the plan nets isnt two years old. We take a look at how much cash he raked in. Analysts say his birth gave the u. K. Economy a boost. People snapped up to the estimated tune of 29669 million. The biggest baby bump came at the higher end of the market. The wool wrap he chose to greet his fans in broke the internet. Sales skyrocketed 1,000 and the growth isnt only in fashion. In the run up to his birth the u. K. Public selled out 2. 4 million in bets alone speculating on everything from air color to his future job and of course the name. Bets are still out whether baby number two will deliver the same boost but early front runners, james if its a boy and alice if george has a sister. Ister. Building aircraft, the likes of which the world has never seen. This is what we do. Thats the value of performance. Northrop grumman. Lets talk earnings. Visa reported after the opening bell that beat analyst revenues by a penny. Shares fell about 2 despite the positive reports. Ceo charlie sharp said the companys results remain strong despite the strengthening u. S. Dollar and lower gas prices. Dreamworks animation reported a smaller than expected quarterly loss of 37 cents a share after taking out restructuring costs. They have seen a series of Box Office Disappointments recently and posted a 5 million loss for the quarter. The ceo says the company is in rebuilding mode but he does see reason to be optimistic about the studios latest film home which has taken in 300 Million Worldwide since it opened. Linked in reported revenue that beat analyst estimates but the company lowered its guidance for the rest of the year. That sent the stock into a tumble falling more than 30 in after hours trade. Keep an eye on this stock as wall street opens at 9 30 a. M. Eastern. Thousands of visitors flocking to milan for the six month expo are fuelling a boom in the socalled sharing economy. We spoke to uber and airbnb about the spike in business. Its a city of over 1. 3 Million People but theyre expecting nearly 20 million visitors because of the world expo. With the wave of tourists milan is turning to the sharing economy to help ease concerns over possible lodging or transport shortages. Uber has seen a surge in the number of people applying to be drivers and is expecting a bomb in business. Theres over 300,000 people coming to our city. Theyre predicting 20 Million People. That means about 100,000 a day. So we expect the same kind of bump we saw about 30 increase in our business just in that weeks. But the company has seen the safe fair of difficulties. In march taxi drivers staged a protest against uber. We are clearly a Disruptive Company but what we do is we try to dialogue with the old and exiting transportation in the city today. What we explain is what we see in the u. S. Where were fully legalized and theres new regulation that the market gets bigger for everybody. Accommodation is an even bigger issue. This is where the Home Sharing Service airbnb hopes to cash in. Milan has 54,000 hotel rooms. Far short of whats needed. Airbnb has seen the number of its listings in milan double to 7,600. According to the company the number of books made in milan has increased four times or 293 . But away from the multibillion Dollar Companies you could choose to simply ride a bike. Milan has the 12th largest Bike Sharing Program with 3,600 bikes spread around the city but a word of warning its 15 kilometers from this spot and in this italian heat it could get sweaty. Moving on tesla announced the latest Big Development plan moving into the energy space. Kate rogers is at cnbc headquaters with all the details. Hey seema. Tesla unveiled a new product line called tesla energy. They announced a home battery called the power wall that can capture and store solar energy during the day to be used after the sun went down. Theres also something called the power pack. The products will help shift the world from oil and gasly allowing solar to be used at night. It will cost 3,000 to 3,500. He stressed the importance of the design of the batteries noting it can be mounted on the wall of the garage or outside of house. Tesla will use the factory in nevada to build the batteries. That plan will be able to manufacture half a million of them by 2020. Plus they plan to open other factories like it. The press conference was powered by the batteries and without using grid power. Kate rogers have a great day. You too. Before we go to the headlines heres the top stories. Linked in and visa rounding out a lackluster april for investors. Greece might compromise while sticking to its antiausterity pledges. A mega money weekend of sports ahead and the Kentucky Derby thats coming up. Thats coming up. A little bit of buying here on the first day of may. The dow jones up 140 points in the premarket trade. The nasdaq now up 15 points in premarket. Could be a positive open as we kick off the first day of the month. But lets wrap up april and talk about volatility. Continued concerns about the sustain blt sustainability of corporate margins. The dow only seeing a gain of around. 4 in the month of april. Energy stocks the best performing sector in the month of april thanks so that rebound in oil prices. Crude gaining over 20 . It was a historic month for the nasdaq. It failed to hold that level and thats due to a mixed set of in evaluations. Its trading below again. Its 50 day earning average is something theyre watching closely. Now lets get you a run down of what to watch this trading day. A lot of data coming out at 10 00 a. M. Eastern. Ism manufacturing, consumer sentiment, a read on the u. S. City after the disappointing gdp data. We hear from chevron and after the bell Berkshire Hathaway. Lets get a view with michael, president of bruin hill partners. Happy may to you. Thank you for joining us on Worldwide Exchange. Investors are supposed to sell in may and go away but it seems like the sell off came early. It did. I had highlighted in the past about how these pull backs were going to be continuously healthy for the market in particular. Something not as steep as the dax but here in the states the returns have been enormous and i still think theyre buying opportunities. The s p is going to be the 100 Day Moving Average we can test. Im not surprised we start and end last month with this type of movement. The volatility has proven theres a lot more selling to be done to take profits in these areas. You think stocks are headed higher . Youre not concerned about disappointing Economic Data. It was never anemic but the growth in the u. S. Economy is it needs to be better to implemented a rate hike and for those reasons the equity markets has taken that as positive news. Theres not been a big barrier so consistent economic disapproval here will shake the numbers up and then its a whole different ball game. Wed have to be in june and july and see these numbers month in and month out. European stocks have been outperforming the u. S. But european stocks just notch their worst quarterly month in the month of april. German stocks witnessing its first down. What are your thoughts on europe . Germany is starting to get to the point where their economic releases are also going to show theres problems and the reason is they have been holding on to too much pressure from the eyes of the consumer and investor. More in regards to countries like spain is where the value is trying to disperse into andit and spain could have a good summer. Do you think theyre becoming crowded and are vulnerable to a sharp reversal . Similar to what we saw. Absolutely. This is a scenario where everyone becomes a cook because theyre knowing the recipe oh so well. He learned it here from what happened in the u. S. And i think the qe story be it in asia and now here in europe were starting to notice theres a standard baseline on how markets are going to react and were well o months into that type of scenario and its the forecast here that shows how long they can keep that expectation. The Central Banks as a whole are trying to taper the expectations but its starting to show that the diminishing scenario could take a stop. Its a huchblg weekend for sports in the u. S. With a lot of money on the line. Floyd mayweather and Manny Pacquiao will faceoff. Yesterday is the Kentucky Derby which could see 100 million in revenue for Churchill Downs and 16 Million Viewers. Plus both the nhl and nba playoffs continued this weekend and its one of the oldest rivalries in history. The red sox and the yankees kick off a series tonight which is a guaranteed opportunity for both ratings and marketing dollars. Now with a jam packed weekend of sports ahead where are you put yourg money . A putting your money. His money is on mayweather American Pharoah in the derby and clips over spurs in game 7 of the nba playoffs. Get in touch with us here on worldwide action change. Most people are betting on mayweather over pac man and youre still with us from chicago. Who are you putting your money on . This fight has the type of revenue you could only dream of but it goes the distance because you have two veteran fighters. I definitely like mayweather in a decision. I think the Kentucky Derby since theres 20 hofrsrses you go with the long shot and in particular the nhl playoffs the excitement picks up. Its way too early in the baseball season and last when you talk about spurs, sorry, its only tottenham in my heart i would talk about. By the way, speaking of whats happening this weekend Floyd Mayweather is the richest sportsman in the world. Hes expected to earn 200 million. Maybe you should be in boxing and not trading wall street. A half a billion dollars he has to start trying to get his own hedge fund. Michael i want to get back to the markets. The move noot in the euro. Higher or lower from here. Its at 11296 and thats a near term ceiling or resistance for the market. It was a rather steep assent. I think we hold that level. I dont see the euro going through it just yet. Thank you. Have a great day. Up next is squawk box. Thanks for watching Worldwide Exchange. Exchange. Tesla launches a new brand with a line of batteries for homes and businesses. A rough connection with investors. Shares of linked in getting slammed right now following a weak outlook from the professional network and its been called woodstock for capitalists. Tens of thousands of Berkshire Hathaway faithfuls flocking to omaha for the companys annual meeting. Well bring you a front row seat. Its friday may 1st 2015 and squawk box begins right now. Good morning and welcome to squawk box here on cnbc. Im becky quick reporting live from omaha, nebraska this morning. Joe and andrew are back in new york. This morning were inside the arena where the Berkshire Hathaway annual meeting will take place this weekend. The crowds are expected to top 40,000. The company is celebrating its 50th anniversary and thats bringing more people than weve ever seen before. Warren buffet and charlie will be joining this stage to speak to investors in this entire arena. We caught up with buffet last night as he was on his way in to play a round of bridge that is something he has been doing almost every year back to 1990. Last year was the only year he missed it but he was back yesterday with long time bridge