Guy the plan may be considered if the greek government fails to convince its creditors that it can secure more funds. A former ecb president spoke to bloomberg. Nobody is optimistic, frankly speaking, on greece. We have to be totally realistic and it all depends on maturing of the position of the government understanding that in any case if it wants to deliver growth and jobs, which is the main goal of that government, it has to produce Recovery Program that inspires confidence to the international community. Guy Jean Claude Trichet speaking in singapore. Francine seems pretty candid. For more, we are joined by one of our reporters. Standard chartered banks chief economist. How do you interpret what the our bloomberg scoop about the ecb . You have to present some reforms and you have to do this as soon as possible. The may 11 europe meeting may be the last date this is acceptable so that greece can present a full list of reforms that bode well with what they want to see. I think they a
Banks in greece may soon be facing the European Central bank reportedly looking at limiting emergency liquidity assistance. Proposals that would raise the discounts imposed on collateral securities when the bank of greece makes loans. The steps will be taken if greece does not reform its economy to get bailout money. A former ecb president says the rest of europe is waiting for greece to act. We have to be realistic. It all depends on the maturing of the position of the greek government. If it wants to deliver growth and jobs which is the main goal of that government it has to produce a recovery program. Betty european ministers are scheduled to meet on friday. The banks said a key measure of financial strength fell in the First Quarter. It may need to boost capital. The ceo. In the businesses where we are focused, we are doing well. The credit business, which was more difficult for the industry in the quarter, emerging markets, those are businesses that are power alleys for us and we
Tyler is out today, but as i mentioned, brian is live in l. A. They there, brian. Reporter hey, mandy. Happy friday. That comcast Time Warner Cable deal is off, disconnected, if you will. Comcast is the Parent Company of this network and it is ending its deal to buy Time Warner Cable. This is following regulatory scrutiny. Our ceo, Brian Roberts, on cnbcs squawk box earlier today saying it is simply time to move on. So where did it all fall apart and what now . David faber joining us with more. David . With its deal to be acquired by comcast no longer on the table, one of the key questions is what does Time Warner Cable do . The company will be report earnings next week well see how good they look and whether or not, of course Charter Communications, which had pursued Time Warner Cable so much so that it found itself in the arms of comcast eventually will come back to try to do that. Charter, for its part finds itself without any of the subs it expected to be taking in. Whether through
Westside highway from where you are at headquarters. Well speak to barry diller later in the hour talking about iac and the many changes taking place in media. Late they are morning, ill be talking to Lesley Moonves the ceo of cbs which reported numbers after the bell that were better than expectations. Well keep an eye on that stock price. We look forward to all of that. See you back in a few. David, could you ask les, could you get those guys on thursday night to play better football . He highlights that like the first paragraph. Its teams you dont want to see and the over is like 12th. Yeah. They have had a little bit of trouble with competition thursday nights. They did note that jim. Obviously, always plenty to talk to him about including the Pacquiao Mayweather fight, including he was involved putting it together and now with the litigation no shortage of topics when it comes to mr. Moonves. Except csi brooklyn. We do not have that yet. Sumner redstone may have given you one, as
Road map begins with retail results. Costco sales, bed bath earnings dis appointappoint but walgreen off to a good start. Alcoa, the q1 results miss on the top line. Profit did beat. Shares lower in the premarket. Greece makes its payment to imf. European stocks at new intraday high. Christine lagarde first on cnbc later this morning. But first, davids got breaking news on intel. Thats right. We want to tell people about the talks that have been going on between intel and altera first reported march 27th, have ended. Yes in fact without a deal. Jim seems to be excited about that. I knew it was phony. I knew they were talk bug just another let me give you details. Just furiates a march 27th story, intel in advanced talks to by altera that got the stock price up and frankly intels as well what happen i can tell you now, intel made an offer, in the low 50s, which is significant premium to where altera was trading and a price that altera stock despite the move up on the wall street journal