Joined by an Award Winning economists and get his take on all of todays news. The president of the European Commission has ruled out the possibility of a great deal when leaders meet later this week. The greek government has expect awesome as experts has expressed optimism. Yanis varoufakis gave an indication of just how close he thought the sides were to reaching a deal. Yanis varoufakis i think we are very close friend or until the deal is done, nobody knows when the deal will be done. Could it be a matter of 24 hours . Yanis varoufakis lets say about a week. Francine for more on all of this, to berlin and hugs nichols. What did hans nichols and what did we learn. You had one side saying it will reach of the deal and a commission being more pragmatic. Hans that has been the dynamic for a long time. A great deal of optimism from the greek side. And the other side least optimism. The lease in berlin and then madrid. What we learned from varoufakis is he was any kind of deal in a restru
The general election. Mark welcome to countdown. Manus as miliband prepares to unveil his manifest with a pledge to lower the budget deficit, every year we look to this week in politics and the bloomberg debate. Caroline to export engine in the worlds secondlargest economy is suffering. Lets head straight to hong kong. Yvonne has the latest. 14 decline, a big miss. Yvonne it is definitely a nosedive, economists were expecting an eight point gain but those overseas shipments falling close to 15 . That was also a miss. Economists expecting 10 in the fall. That makes the trade surplus at 3 billion. Compare that to february when we saw 60 billion in trade surplus. There is that falling commodity price which is driving down the value of the imports, instead of an actual fall. The currency one thing to take a look at. The stronger yen. Compare that to the chinese goods may be looking relatively more expensive compared to their counterparts and they may start to see that big impact on chinese
We are here in london. Im guy johnson. Francine and im francine lacqua. We begin with Deutsche Bank dramatic rebound. The german lender plans to reduce cost and cut back its ownership of its consumer unit. Guy for more, lets go to hans nichols from frankfurt. Where is the bank trimming cutting, where is it looking to grow . Hans they are going to be cutting in retail units. It is not just postbank. Deutsche bank itself, their retail outlets will drop by about 200. There are currently about 730. They are trimming back the investment bank, but they are also redeploying some 50 billion to 70 billion in assets into relationships and clientbased services. They are looking to shed about 200 billion in assets. That is going to get their Capital Requirements to about 5 . Before, their goal was to have a return on equity of 12 . In 2015 they came in just north of 3 . A lot of that is litigation costs. They were hit by 1. 5 billion. We are heading into a press conference shortly. We want to find
And then weve got china export data continuing. And were going to breakdown the momentum for you. Well also have the priceline ceo joining us live. Morgan stanley in agreement. And pricing for online orders while amazon adds 15 cities to its sunday delivery program. Is yours on the list . A busy day after janet yellen speaking. And jeanclaude trichet will be a guest here. The guy has become a cheerleader in chief. Hes done a lot of good for those who favor growth but there hasnt been growth yet and i think that the austerity park worked but when does growth kick in . One of the reasons why i think the Interest Rates are so low is because of yields all over the world. I personally think that we should be issuing bonds in this country. The feds should stop selling them. Theres a bond shortage but were not getting the growth that i want to see. I feel for him. German Industrial Production a miss today. French Industrial Production a miss. A lot of the American Companies are saying that it
Ramblers who captured the hearts of virtually everyone across america, its michigan taking the semifinal game. Villanova performance to put them into the championship game. That is a perfect song to start the show this morning. It is Easter Sunday. Happy easter to both of you. Happy easter. Welcome, great to have you. Thank you. I wouldnt miss it for the world. Special day. It is a special day. Weve got the decor, the pastels, were ready to go this morning. Were going to be celebrating all morning on the plaza. If you dont have your party planned. E have it for you. Well help you. Pu most importantly for christians around the world today, this is the data jesus rose from the dead, you go from homelessness to hope, life over death. This is a very holy day. And forgiveness. Thats what i think about when it comes to easter. I remember growing up as a little girl waking up and finding your Easter Basket that the easter bunny left you, getting dressed up with a bow in your air, going to chu