Twitter slows. Hello. Welcome to countdown. I am mark barton. I am anna edwards. In london. Welcome to the program. We begin with the earnings. First quarter profits rising 5. 2 . That is the net income increased. Analysts anticipate a profit of 1. 44 billion. The reason why it has been booted boosted by the purchase of its division in bell john. Belgium. Earnings were boosted by a drop in payments to minority shareholders after bnp body stake in one of its units for three and a quarter billion euros. It is worth noting bp hosted its profits and 08 after setting aside payments to u. S. Economic sanctions. It did say today that talks took place on the matter during the First Quarter. There is still uncertainty on the size of the penalty. Be excluded,annot but it could be significantly larger than the amount provision. That is worth noting. Bas profit rose and exceeded analyst estimates held by the person its of its provision in the elgin. Belgium. And they spoke to bloomberg. Reconsider
Interested in a deal with ge as it scraps its dividend. While media reports suggests siemens is pulling out of the bidding. And investors react to the vicious business plan, they say the ceo is being too optimistic with his turnaround goals. Youre watching worldwide exchange, bringing you Business News from around the globe. Hello, warm welcome to todays edition of worldwide exchange. Plenty to get through today. Well be talking about autos, phil lebeau will be talking about tesla. Well talk about janet yellen. First, alibaba has filed fon an ipo after weeks of anticipation. The filing offers a look at a business that controls around 80 of chinas online commerce market. Eunice is in beijing for more. Shes been waiting for this for some time as well. 2,300 pages in this filing. But key questions unanswered. Definitely key questions unanswered. I think everybody wants to know wheres the price, how many shares are going to be sold . Give us more detail exactly about what this ipo is all a
The Unemployment Rate held steady at 5. 8 . Economic data here in the u. S. 8 30 we have retail sales. I will be watching that. Initial jobless claims, the weekly number on the jobless claims. Comfortnsumer index. Earnings before the bell, lululemon, scarlet, did they ever fix the pants . Bring me up to date. They did. And they made comments that were not flattering, so people kind of moved on. Do you wear lululemon . I have a couple of pairs. I have them in distress. Who are you wearing this morning . This is karen millen. I think she is british. I cannot keep up with you guys. And you your alpaca with your british designers. Bushe Herbert Walker turning 90 years old today, tom. That is really something. This is bush sr. , of course, one of the euros of midway. Iconic image of the submarine pulling up and literally pulling the young bush out of the water. Happy birthday, mr. President. Nba finals, game four tonight between miami heat and san antonio spurs. And as we are talking about
Spain exits deflation, the country also posts its strongest quarter growth in three years. The key inflation figure for the eurozone as a whole due in one hour. Plus, brace for impact. Were joined on the show by dr. Doom himself, mark farber who says equities are facing a crash this year that could be worse than what we saw in 2008. Youre watching worldwide exchange, bringing you Business News from around the globe. Hello, a warm welcome to the program. Mark farber is with us on set. Well be getting to him fairly shortly. First, alstom shares are soaring higher as they open for their first day of trade since monday. The firm says it is considering a 17 billion effort from General Electric for its power unit that includes 13. 5 billion in enterprise value and 3. 5 billion in cash. Alstom will make a decision by may. It all comes as rival siemens says it needs a month to prepare a bid for the country. Where does this leave us exactly . Stephan, where does this leave the french government
Hampshire will join us. We will speak about much after the eric cantor resignation. And of course, washington focus on baghdad. Lets get to Jonathan Ferro with our morning brief. Heres the news from overnight, Chinas Central Bank extended the reserve requirement cut to Industrial Bank co and another bank, trying to support Economic Growth without unleashing stimulus. A. M. , empire 8 30 manufacturing. 10 00 a. M. , Housing Market index. No big earnings but here are two items. Rates lighting at the tomb of the unknown soldier wreath laying at the tomb of the unknown soldier. Ghana versus usa, i feel like americans are starting to love soccer. They are not caring about the American Team but they are watching the better teams, that is good news. Ghana give us some trouble before. 2006, a tough group for you guys. It is a better team now. Juergen klinsmann, the german coach of the American Soccer Team that tells you a lot already he has basically given this year up. Saying if we make it ou