Deal worth 5. 8 billion. We bring you the Details Behind the megadeal. Anna u. S. Authorities identify the trader libel at Deutsche Bank. We take his role in what looks like a fine for germanys largest lender. Mark hello, welcome. Im mark barton. Also coming up today, emily chang sits down with facebooks chief officer and virgins Richard Branson for an exclusive conversation on the balancing of work and family. We will bring you that later in the show. Manus the nasdaq futures are trading higher this morning, as we get started here in europe. The end of asia signaling a potential for record high. That comes on the back of the nasdaq composite topping its. Com era peak. Why investors are so bullish the tech woman is in the house with these stories. Caroline think it so much. Look this record high in the nasdaq. Whenever this dotcom boom . Im sure you do. We search past that 16year high. It looks like we could rise, once again. All down to three key points. Lets get to the biggest in terms of sales. And that is not other than amazon. It is all about retail, ecommerce for amazon. This is a company that brings in 22. 7 billion per quarter. In sales, sales up 50 they be the estimates. And drastically, they start to break out in terms of what they do in terms of the cloud computing. This is about a retailer, a company that actually wins when interest gets bigger, when netflix get bigger. Why . They preventovide with the power via their web service. They break it out by showing them they are up 49 in terms of sales. Clearly, the cloud is a key growth area. Again amazon just flashing that cash. They have spent 22 billion this quarter. They made it, but they spent it to invest in their future. Once again, we are seeing investing in new warehouses, new data centers in media content. Remember, he is trying to make us completely addicted to amazon. By getting amazon prime to watch videos. On your tablet, there might be on your fire or kindle. Also, your worldly needs the goods on your house at the touch of a button. You can order to detergent with amazon. Tens of millions have amazon prime, but more use it to shop. He wants to make us all a prime addict. To make it an every day necessity to our lives. Amazon beating as it goes. Lets go to microsoft, it is the second biggest in terms of sales. We have them up 22 we see them up 6 . 22 billion is what this company is bringing in. 3 up in terms of the share price. Once again, we are seeing this theme it is all about cloud computing. This is where we are seeing the growth being driven for microsoft. Office 365, you can use it on your microsoft hardware, and you can access it via apple and android made by google. They are selling more Expensive Services the of their internet search. That was up. Gaining on google a little bit there. A bit of a slowdown in the pc market. But it is a beat for microsoft. Lets look at google. We talk about google as such a key player, such a huge company and terms of market value. Interestingly, it doesnt have as big a sale as microsoft or amazon. It is some 17 billion. Revenue they pass on to partners. That was up 14 . Investors seemed to shrug it off. Shares thriving after hours. Theyre getting more clicks, more are going to their advertisements. Prices per click, that the volume is up. Clearly, the interesting area is youtube. Youtube is why we are seeing the amount they are getting per click going down. Theyre saying it is less lucrative. Mobile has the momentum. It is all about mobile and the availability there. It is also about video too. Google still managing to woo too. Mark barton the indices are trading lower right now. Lets go over to david in hong kong. Good morning, what is happening in your part the world . David good morning, guys. What i can tell you, the regional benchmark was what was in the green. We were poised to in the week on a high note. That being said we are looking at four straight weeks of gains. We are barely underwater right now. This is from the weakness of the Chinese Markets in the past. As you can see here, it is fairly mixed you do have the bigger markets like japan, rea, hong kong and the red. Perhaps singapore is an exception. The top performer is australia we are up. The market just about wraps up its trading day, we have just a few minutes left. That said, the volume is quite light. Again, as i mentioned, we are going for 14 days of gain. We see things turn around a bit after the last 17. We have seen a bit of a run as far as equities this side of the world. Well get to australia and a bit , i will flesh it out in a moment. Let me show you what is happening in fixed income. A big spike yesterday as you guys will know. Take a look at japan, we are about falling 56 . And it depends on what japan and germany are doing. Let me flesh things out, as i mentioned. That is a crosssection of what is happening in that market. Two things, first oil prices. That is continuing to push up in australia, up 2. 4 . This is where you have the mining stocks. Iron ore rprice is valued up 50 . That is moving up for mining stocks. I mentioned metals. Why . A few things they are talking about their cash flow situation there debt flow situation. A lot of details here, but to make a long story short we are looking at an additional 2 billion in debt repayment. Things are under control, take a look at shares and the top performers. 5. 5 , 12 months back, this was north of five dollars. Icbc is now the worlds most valuable bank. This 120 rally up on wells fargo. We are north of 310 billion dollars for valuation. Mark news that some progress has been made on its Restructuring Plan . David yeah, that was the big news over japan. We know the challenge of the companys been in. What you have is the debt Restructuring Plan. In principle, and based on our sources, two of the main lenders have a great for a debt equity swap. In exchange, this is only a principal based on our sources they will have to commit to austerity measures. Shares right now, these are sharp shares. We are down 1 . 269 yen a pop. Over a twoyear period, it is a loss. Thank you. Mark david in hong kong. Manus the euro area finance chiefs meeting in reg and let the of. Aon the negotiations with greece to stay solvent. With talks about to get underway, hans, we have the greek Prime Minister urging Angela Merkel that is only a few days away. Is it remotely possible is there a commonality . What other percentages . Hans well, it depends on if you think the deal should be cut in brussels. Or you think that should be done at the eurogroup level. Where everyone is meeting here in latvia. We just heard from the v and finance minister. He says there needs to be more trust. The information coming out of greece needs to be better. There is a little bit of frustration from him, that the information on the granular level is not that good coming out of athens. Downplaying expectations has been the general theme for the last few days about what could happen here in rega. He was speaking yesterday, this is how we put it. He says the greek government has got to show some backbone in its reform efforts. Time is of the essence, it is an urgent matter. Think of these talks as a oneour meeting between merkel and him. Think of the talks here as technical. The germans seem to want to funnel all of the talks to the technical level. They want a decision made by the 19 members of the eurogroup. We see here if a deal can be cut overall, the big question do you want greece to stay . That seems to be his preferred option. On the low merkelAngela Merkel and others will start funneling into this building. We report back. Manus medication and the way that it is done it is a make or break in his discussions. Between all the parties, what efforts are in place . Hans Bloomberg News has occurred at about a special hotline between the greek government and its creditors. From the greeks side, you have papas and the imf director. You also have benoit and a couple of other officials like jeanclaude. According to one person familiar with the matter, they want to make sure there isnt an accidental default. They want to stay in close contact with each other. One person we do not believe on that list, the finance minister. A key question for this summit here in rega is how much good ability he has with his counterparts . To what extent do they think he can deliver on the technical or overall structural deal to keep greece in the euro zone. Manus that is a great point. Hans is in rega. We will have more on the greek situation later in the day. We will be joined by the mayor of athens. And you can see the interview right here at 12 00 london time. Mark we are getting more details about Deutsche Bank. They say that the one trader responsible for the scandal, it resulted in a 2. 5 billion hit for the lender. Anna he is called trader three. Or christian, by people familiar. He was most profitable derivatives trader in 2008. Taking in over 19 million pounds. Manus he worked at Deutsche Bank between 20012007. He sent april in a very notice of fines last year. He was trying to rig benchmark Interest Rates. That is according to another person familiar with the matter. He has not been charged with any offense. Mark top stories this hour. Comcast is dropping their deal with time warner, according to people familiar with the matter. The proposed merger which took over a year for federal approval, faced opposition from the u. S. Justice department. They announced the news earlier today. Due to credit they agree to merge their Asset Management groups. Valued at about 5. 4 billion euros that would be about one third of the new business. And General Atlantic will own the rent. Preordered apple watches will be delivered today. Next to you, you will be able to pick up the most anticipated product in years from select stores in cities around the world. Federal reserve tampering is the greatest risk to the economy. We talked to the chief executive,. The thing that worries me most is what happens when the tapering ends. And i think that growth is going to be a long and Interest Rate will be longer than people think. Anna you can join the conversation on twitter. Let us know what you think. Training at the moment is the Time Warner Cable potential comcast moving away, and nasdaq trending at a record high. Mark . Manus we take a look at how greece can control its deposits. We also talk sports and the business of sports. Let me bring you a bloomberg exquisite conversation with Sheryl Sandberg. But first, join us after the break, when we talked to greece about the finance ministers meeting in rega. He is going to join the three of us for the start of the trading day. Anna as greece talks continue capital is leaving the banks at an alarming rate. 24 billion has been taken since november. One way to stop this could be capital controls. But with the greek people except this . Greece is on life support. In the greek people know it. They are pulling cash out of the banks. Deposits currently stand at 140 billion euros, 12 months ago that figure was 160 million. The European Central bank is maintaining liquidity in the economy, with an assistance program. So far, 75. 5 billion has been injected by the ecb. But greece cannot agree on the next course of treatment. Unless they do, the triage could come to an end turning off the funding and leaving greece alone. That could require an emergency procedure capital controls. Those controls could restrict the amount of money that could be withdrawn or transferred abroad, as happened with cyprus. It limits daily cash withdrawals to 300 euros. Without a deal, the greek people could be with a bitter medicine to swallow. Mark we are joined by charlie head of microstrategy. Greeks default without an exit is inconceivable by most. The chance that greece missing the debt payment we put up 40 . Most respondents said it will not trigger an exit. Do you see a default, could that not lead . If, for example, they are late on a payment, the mf says theyimf says they are in default. They have 30 days to pay back. Even when we had the first greek bailouts we almost immediately came to the conclusion that another Debt Forgiveness or debt transformation package would be required. And because of what is been going on that situation has been hastened somewhat sooner than people would think. Nonetheless, it still leaves us in the same situation the debt gdp is 170 something. It is too high and unsustainable. Have to be adjusted. Clearly, the europeans want to see some process and if you like, a willingness on the government to play the game. And to move to their side of the bargain solution. I think both sides have a vested interest in coming to compromise. But we havent got the numbers and we havent got, at the moment, they are still quite away apart. Anna we havent seen things in portugal be contained. What are you expecting the markets to do throughout this. Of volatility and uncertainty . That is the key differences time around. Last time, although greece was the debt that blew out widest we did see portugal and italy move along with it. This time, you are not seeing that at all. And i think that is also, to use the game theory analogy if you like, the two parties involved the balance of risk has changed. Within the eurozone, a lot of the thought process has gone into possibly someone could exit. Thereby, it is not quite as scary as it was last time around. On the other hand, you could say it set a precedent. And a year later, their economy is looking quite good they are valued at prosperity is that something that the europeans want . Austerity such as portugal . I think the answer is probably no. There are pros and cons on both sides. At the moment, it still seems that greece wants to remain in the euro. Most greeks people want to remain. Holding a referendum to hold up a new deal is probably a very viable solution largely because then it is a way that the politicians and the thoughts they have had can be used to modify the population as a whole. And then everybody has signed up to it and they cannot complain. Manus i want to bring you back to this week. We had a quote yesterday according to bill gross, the short lifetime. We saw years despite higher, the biggest move and the secondbiggest day ever. Would you view that against the burns . Would you short them . You saw 190 billion euros. It depends on the time frame. In the shortterm, weve come a long way. We have faced with a very weak run particular from the u. S. Is allowed yields to move towards the lower end of the range. I think the second course is going to look better. I am believing that there will be something of a deal or a compromise reached with respect to greece, thereby a safe haven of support could evaporate. I think we could see a little bit more correction. We are talking only 10 or 20 basis points. In the longer term, this juggernaut of the ecb is going to keep the yields close to zero. Mark 20 seconds, where do we buy . I think coming from a Government Bond point of view you have to start looking at where you start seeing corrections . I think the peripheral spreads are in spain. Theyre starting to offer some value giving how much they havent beaten up. I would go all in right now. I would maybe start nibbling and make my way in. Manus we have the friday feeling on countdown. We have the nasdaq topping out at the new record high, the dollar swept it higher. However, a very oneday myopic view of the dollar is perhaps not going to look at it. 30day, we go for the longer trend in the dollar. The overall trend as you can see in the last momentum part of this month is a little bit of a turn. You are looking at potentially the first monthly loss. We are only a percentage into the green here. The dollar index itself is spiking higher. One currency which is moving is koreas. The dollar down is rising by 3 10 of 1 . This is week six of gain for korea. This is the longest rally, just always from her that. When you see that, the red, it is down. 8 10 of 1 , the market growth. They have had three rate cuts, theyre at 1. 75 . This is the second best performing currency. That rate cutting cycle can be caused in the marketplace. Theyre betting that in april you will see a cut of 1. 5 . And that is the view of most analysts. Keep an eye on the euro swiss, as well. Euro swiss, the momentum here has been for the euro to decline and the swiss to continue a little bit higher. That is proving a heck of a challenge. We have the momentum move there. Are we beginning to restart the down slide there . On that trade . We keep an eye on the agm today. Im pretty sure there will be a web stream on that. Mark, caroline . Anna lets have a check on some other stories. The nasdaq close at a record high. Gains in ebay Beat Estimates for the First Quarter results. It did manage to push this forward. We see that gains extended and beat earning estimates after hours. Previously, it was held by lehman brothers. It is valued at around 36 billion. The former cia director, david petraeus, was sentenced to two years probation and ordered to pay a 100,000 fine for giving information to his biographer and mistress. More on that story later. Mark finance ministers met in rega today. For look ahead, we are joined by the chief political global analyst. The new term to describe greece citigroup pointed in 2012, the new term you have coined is grimbo. Greece in limbo, explain what this means . It comes from the term greg exit. Grimbo, is great limbo. We should not think about the exit as a binary event. There are an interims. Anna what are you expecting for this day in rega . Angela merkel said she needed a deal by april . Donothing the markets are expecting that. We are talking about a rolling deadline, as our finance minister put out an op ed yesterday for a new deal for greece. He mentioned getting the creditors to change the way that they look at the man. There is very little likelihood of that. The greeks do not have a lot of leverage going into these talks. I do not expect a surprise kind of result. As greece gets closer to running out of money. Manus just a patchwork quote. We cannot even get our heads around that. The austerity that they are living through. The reality of it is that you need something dramatic to happen, to change the situation. Or we just keep coming back to the same situation, making it worse. The truth of it is, europe is a massive debt. There are teams of the of economists thinking how it might work out. What im suggesting is what we are see