Economic output for the euro area have become more balanced on account of the recent Monetary Policy decisions, but Falling Oil Prices, and the lower Euro Exchange rate. Emily draghi push back at the idea that the program could be cut short at the inflation returns to target earlier than expected. Bank of americas firstquarter results beat estimates. Profits rose to 3. 4 billion and revenue was down 5 . Noninterest expenses dropped 29 in the quarter, but some analysts were expecting to be cuts deeper cuts after litigation over bad mortgages wind down. The sec is concerning to ease limits of Foreign Ownership of american broadcasters. Just last month, republican commissioner Michael Orielly says the fcc is to permit Foreign Ownership above the current 25 cap. The Foreign Ownership issue has had an impact on streaming Companies Like pandora, which has been unable to buy a Radio Station in south dakota because they cannot prove the nationality of its shareholders. Nokia is buying alcatel.
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
Stephanie and it has already been a busy tuesday morning. This verizon and aol deal tops our news in focus. Verizon to buy the house of two moms Tim Armstrong. 50 per share. Stephanie greece will pass another hurdle this week. Other payments between now they may not get that far. John kerry is in russia for his first meeting with Vladimir Putin in years. The company throwing in to the money market ring. In competition with two maybury major tech names. The most expensive painting ever sold in auction. An anonymous telephone bidder for 160 million. Stephanie a lot of news this morning. For the second time in three weeks, nepal has been rocked by a killer earth quake. 7. 3. Centered 50 miles outside of nepals capital. The jolt was felt five hundred miles away in new delhi, india. The click caused landslides in remote areas. 36 people have been killed and more than one thousand injured. We spoke to that under armour climber who rescued 20 himself. Its test vote in the senate on the contro
Traditional Growth Engine. That is declining and has a huge impact on our economy in the short term. Olivia leading to speculation the government will have to take more steps to stimulate the economy. A deal that will create the worlds biggest maker of equipment, howards mobile phone network. Note yellow by Alcatel Lucent will buy Alcatel Lucent 416. 6 million in stock. No egos take on contracts with two of the biggest wireless carriers in the u. S. Verizon and at t. Congress and the white house are planning victory in the fight over iran. Congress will have a say in the Nuclear Agreement. It has become clear that democratic lawmakers will join with republicans. Bob corker says the bill has bipartisan support. Senator corker i believe congress should plate a role in ensuring that all the details are there. And on behalf of the American People, before they sanctions are lifted that we ensure this is something that holds iran accountable. Olivia the compromise gives congress 30 days to r
Environment. Still am. Rose we conclude with Guillermo Del Toro, the mexican filmmaker and author. I think that the way to understand the universe is by sort of codifying hit in the dichotomy of angels and demons. You can call them monsters, superheroes, whatever it is but we have to mythologize the universe in order to apprehend it. Because if you dont its like digesting concepts that are so large, so super or supra human that you need mythology to understand it. Rose Stanley Druckenmiller and Guillermo Del Toro when we continue. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Almost one in every four children in the United States of america lives in a state of poverty. Thats an outrage. One way to think about it of the top 35 industrial countries in the world, we have the second highest poverty rate. Rose stan drugen miller is here. For 30 years he maintained one of the best investment track records on wall street. He orchestrated