bank of england. world is watching what happens as the bank of england today because if you jump first, you jump first. i jumped after you. we will have the global head of equities to try to put that .tory can the trend continue? itv, the numbers are good. >> we have talked a little bit about their strategy. they're going into the u.s. and reality tv shows that you and i never watch. >> i never watch any of those cheeky reality tv shows. , the a big deal acquisition they made in the united states. >> in terms of the underlying appetizing -- >> you are talking about double-digit gains in terms of advertising revenue. stocks close little bit higher. the first couple of questions to mark carney. >> thank you very much. mark zuckerberg enters a new chapter today. we will see how many billionaires are still in their 20's. ♪ france's largest cable operator says it's on target to close its purchase of a phone carrier by year end after reporting a jump in quarterly profit. net income rose to 35 million euro

for the bank of england. the cofounder of skype spoke at the idea summit. him how the tech scene has changed since skype was started. we started skype in 2002 and i remember moving from london to stockholm and there was no tech ecosystem. it is difficult today. today, whether it is in london goodockholm, you have a and emerging ecosystem. you have a lot of investors and entrepreneurs who have been successful. you have people who want to join technology companies. students think, i want to work for technology companies instead of investment banks. >> ironic. is it easier? if the access to capital easier? company, to start a that you need less capital. more technology available and you can use the cloud. there are more companies being started, so more competition today than before. the thing that is very difficult is to scale a business. it is all about management and experience and how you expand it. you have the experience and the skype experience. you are the man who got it right in regards to china. what is

the quarterly inflation report from the bank of england. inflation week forecast and what matters is expectations for rate increases. it is based on expectations. are forpectations interest rate hikes next year. the second quarter does not indicate that interest rates could rise a quarter earlier. that is what we are told. that is the internal that they that is taking place. it will be changing in the next few months. a lot of internal and asked terminal numbers will be moving in. -- and asked terminal will be moving in. ernal numbers will be moving in. three percent rise in revenue. ubs calls it a mixed bag. they say they are against higher expectations. the shares are down. 40% in the last 12 months. it has been priced into the shares. this is a company investing in content. why are they doing that? advertising. if you invest in content, you whether the slowdown in advertising. it is pushing money into content. it is a big u.s. production company who, i am told, one of the companies that you love watching, "the real housewives of new jers

. >> things are starting to get interesting at the bank of england. there is a division starting to emerge in the ranks. report.s the inflation june 17 is when the ftc meets. that could give you an idea of when we might get some new rules for the housing market. >> we have the ecb and bank of england, and the other big story, barclays. >> it is probably the single biggest story. the stock is 5% higher. 7000 job cuts to come at the investment bank. that is more than 25%. cuts in the retail bank along with a bad bank. >> let's get on with the details. let's dig deeper into barclays' strategy. the chief executive, anthony jenkins joins us from headquarters in london. thank you for joining us today. this isn't the first strategy overhaul we have had. why should investors believe this one is going to work? >> good morning. firstly, we laid out last year a clear direction for barclays. we wanted barclays to become the goto bank. we wanted to deliver superior returns for our shareholders. there has been significant changes to the regulatory and economic envi

we'll go through what the bank of england is doing. it is central banks day and barclays day. >> we'll be talking to phillips c.e.o. very shortly. see you in a moment. ♪ >> barclays bashes its investment bank. 7,000 jobs at the division will go. c.e.o. anthony jenkins tells us the bank will still be competitive. >> the pressure to act is still growing. >> a showdown with samsung. huawei offers a in flagship phone. good morning to our viewers in europe and good evening to those in asia and a warm welcome to those just waking up in the united states. i'm guy johnson. what have we got coming up for you? does europe need a new approach to power? we're going to ask the c.e.o. of enel. what do we need to do? we're going to find out in that exclusive interview. >> and the online revolution helping companies build value and viewership. but we begin with barclays. the u.k. lender nounsed a strategy revamp this morning including strategies to cut 7,000 jobs at its investment bank by 2016. we asked the c.e.o. if the bank can still compete on th

we have an ecb and bank of england meeting today. gilt yields steady, nothing expected out from the bank of england. no policy moves expected from the ecb. but plenty of questions, of course, in the press conference from mario draghi "a" on the fact that we have subdued inflation, 7% and the stronger euro as well. ten-year treasury yields. nudged away from that three-month low on the yield of 2.57 which we hit friday posted nonfarm payroll reports and the dollar today, kind of where we were in the last 24 hours really quarterback y really, euro/dallas, just off. we had reassuring chinese trade data and we'll keep our eyes on sterling. it's not far away from that recent five-year high. that is where we stand right now in europe. let's recap that asian session. no better man than this one. sri is with us. >> we'll try, ross. it was really the dynamics off a dovish janet yellen and conciliatory comments, an olive branch, if you will, from vladimir putin. this is a question i suppose the geopolitical analysts can try to answer. over here

and there was a girl but evacuated to england before the occupation. made of the men were working men. kim left alone to mourn his wife that had died the year before the occupation and missing his evacuated children. he was also a being a leader so he gives a lovely backstage view. and he had a shop in the guernsy arcade. he was well placed to see what was going on. vivid are also represented. winifred harvey a woman of the upper class is her home was taken over by german officers. and she missed her daughter deanna who had evacuated at the age of 10 and would not see her again until the age of 15 then she had another but a very creative woman who concocted wonderful recipes to meet the food shortages sale dealt with and all served as a guide to figure out what was really happening. said to understand resistance in the channel islands we have to get rid of the notion that violence is the only counter to violence. the germans knew they run likely to face the equivalent of the young men who would attack with skills to disappear to the mountains they said

he knows that really as in england, the nation places faith in him. he knows england if not the rest of the world's eyes are on him and he will try to do the best he can to make certain he brings out his best qualities. >> nba now in san antonio secured their second win against oklahoma city to take a 2-0 lead in the western conference finals, the spurs were out of site by the fourth quarter. tony parker hit 22 points for top scorer on the night. danny green sunk seven three-pointers as the spurs ran out 112-77 winners, game three is on sunday. >> we had some key stops and pushed a ball, got two big threes from danny and on the second quarter, gives and you say boost and third quarter, we just kept making stops and pushing the ball and got some easy lay ups. >> tony, he runs the engine for us. his aggressiveness and ability to find people both at the same time really keep us aggressive and active offensively, and defensively, he worked very hard at it. >> we got our butts kicked, but we have a good opportunity to come back and win game three. we have

next to the king he is the most powerful man in england. he and his wife choose to raise this biracial girl as a lady, as an aristocrat. it is a love story, a romantic love story based on a true story. it is a sweeping love story about how she comes to meet the man she will eventually marry. it is also a paternal love story. it is a love story between father and daughter and how this adoptive father makes the choice at a time when it was unheard of, to love this biracial child. underneath, it is a story that i created to have some hefty themes. it is inspired by a painting where lord mansfield decided to immortalize her for ever and a portrait where she stands next to her white cousin has an equal. tavis: there it is on screen. that is a great portrait. >> a painting like this where a black person and white person are treated as equals in this period is unheard of. when i looked at that painting, what i saw was a combination of politics, art history, and race. and then the sub themes of gender, equality, identity, all of those come to play

it's a fascinating subject to stock the coast of england. she's a professor of communication studies at the department of lynchburg college and she was named virginia professor of the year by the carnegie foundation in 2001. craig shirley on the far left of myself is the author of "the new york times" bestseller "december 1941". he is an acclaimed historian. he has authored two reagan books, reagan's revolution and "rendezvous with destiny" and he is the reagan scholar at eureka college and a widely sought after commentator and speaker. without further ado i would like to introduce cheryl and her presentation with her book. >> on the british channel island of guernsey everyone seems to be in a dreadful hurry. if you wander today through the narrow winding streets of st. peter you may hear rapid footsteps behind you as young and not so young islanders walk briskly past. i once felt the light sharper wrap up a woman's cane on my leg 85 if she was a day, to urge me out of the way if i lollygag through the narrow winding streets that is an exten

england has their rate decision today. you mentioned questions about how it would work in a eurozone context but the bank of england is still debating just how it will take it into a u.k. context, something you have been looking into. collective published the paper earlier in the year which really i think was an extraordinary paper suggesting that the way textbooks say banks create money is wrong and that it is much more driven by volumes of deposits but driven by monetary policy and ultimaly the demand for loans. iscifically, what they say that the impact of quantitative easing is really only on the rebalancing channel. it's really about squeezing people into higher risk asset classes and reducing borrowing costs and ultimately capital. >> questioning whether it really creates more lending in the economy. >> ultimately they are saying it does not do it through the banking system but through the financial markets which i think is huge applications for the policy. bringing it back to the ecb, mr. draghi talks about trying t

the first game, england one. the second day, sri lanka rushed england. -- thrashed england. yesterday, what happened? >> i don't know, but i think the boys will bounce back. we are looking to see them perform the next time around. >> for those not in the know, -- >> you are just rubbing it in. >> the lowest ever. >> are thanks to ajith nivard cabraal, the central bank governor of sri lanka. these comeback. i promise we will not talk about cricket. >> maybe you will if we win the next matches. but thank you for joining us. cup kicks off. why are they waiting until it is over to do a promotional push? ♪ >> first. bloomberg. >> welcome back to countdown, i am olivia. >> and i am mark barton. >> the biggest event in football starts in one month. but one brand will not be cashing in and till after the world cup is over. hans nichols tells us more to tell us about uma's post -- pim post tournament strategy. shorttoo expensive is the answer. casual shoes.be mark arden is it knowledge in -- mark barton is acknowledging that 50 over cricket is something to it knowledge in the world

i might compare them to the monasteries of medieval england and ireland of learning and scholarship and a horrible ravaged countrysides and henry the eighth destroyed the monasteries and sees the properties in through the monks out i'm sure we know a comparison but i wish politics & prose of much longer life than the monasteries in medieval england. there are three parts to what i would like to do tonight. i will explain how i came to this book but some people have already asked me i have only been here about 10 minutes and it interest warmers -- mormons from the church of jesus christ of latter-day saints. i want to explain all of war made history in three years for of minutes it will help to situate why the events described hour important with mormon history and american history. lastly i want to read from my book because i am very old fashioned and i believe an author reading they should read. [laughter] i once attended a reading by a novelist he was such a great reader i bought it on the spot. but i am very suspicious of authors who don't read at author readings. what do they have t

a fascinating subject just off the coast of england. she's the professor of communication, studies department at lynchburg college, and she was named virginia professor of the year by the carnegie foundation in 2001. craig shirley on the far left of myself is the author of "the new york times" bestseller "december 1941". he's an acclaimed historian. he has authored to reagan books, reagan's revolution, and rendezvous with destiny, and he is the reagan scholar at eureka college and a widely sought after commentator and speaker. without further ado i would like to introduce sheryl and her presentation with her book. >> on the british channel islands, everyone seems to be in a dreadful hurry. if you wonder today the water today to the narrow winding streets of st. peter's or you may hear rapid footsteps behind you as young and not so young islanders walked briskly past. i once felt the light sharper rap of a woman's cane on my leg. 85 if she was a day, to urge me out of the way as i lollygag through the narrow winding street that is an ext

rain in new england and hot temperatures in tex tex where the numbers are in the 80s already. low pressure, keeping its cool this low off of the north west. powering over to the south for the next couple of days, bay area for 24 hours, it will keep the temperatures cool. that is why we might get a drop or two in the bay area tomorrow. would not a amount to much. we will also get sunshine. a can't miss forecast. clouds, sun, a chance of sprinkles. then, high pressure will rebuild by wednesday, it will warm us up. in the meantime, you can see on the future cast just a few little popcorn-like cells where there might be a sprinkle or

but part of it was the pride of taking part of england. it's right there for the taking. these were also very good growing spaces, one of the most wonderful things in their eyes for the germans who came over there, they referred to it as tomato island because they raised so many tomatoes. and it's a lovely area for growing crops. so, of course, this would help to feed germany during wartime. so it was that kind of mixed feeling that he felt could be an asset to him. and the second question was -- i'm sorry. >> the photograph. >> oh, the photographs, yes. those were the id photographs that were taken -- this is another thing that you see with the germans. as they take property, you know, they put in placement and concrete and watch towers, as they take people, they want to keep track of them. so they took these -- at first everyone is all signed up with identity cards. if you went outside your house without your identity card, you'd be arrested, and you'd serve time for that. then about a year rater they added -- later they added these pictures to the id cards which, of co

in england, the pro-europe movement looks dead in the water. it isn't here. they thank europe for free trade and thank these people for doing jobs british workers won't. >> if the u.k. left the european union and a lot of these people got out of the country action your business would be stopped? wouldn't it? >> along with probably most other food processors in the u.k. >> that's how important the european union is? >> absolutely important for us. >> reporter: an hour down the road is saint andrew's, the world's home of golf. you can see here, too, how much freedom of movement matters to scotland's tourist economy. if the u.k. leaves europe, would some of these wealthy visitors need a visa to come here? niquely the people of scotland have the most complex and historic decisions to make over the next very short period of time. first of all, whether to take the plunge into independence or stay inside what might feel like the relative safety of the united kingdom. but what happens then if the rest of the united kingdom decides to withdraw from the european union,

england interest rate was nine zero. many believe there will not be long before a member actually starts to vote for a rate hike. pricing in first quarter of next year. will it come sooner? this will add to that speculation. >> as those comments from mark carney, warning that there is a growing bubble in housing properties. it is impossible to find a reasonable place to stay in london. staying with central banks, with andre.you more he will take charge of financial supervision at bundesbank. >> if we unify risk models, this behavior, to herd with all of the negative effects. we would also exclude the institute specific measures. those are important for diversity. i am a big believer in canyon -- continuing to use risk models and counter checking them. >> michelle coombe has been speaking to our editor about his plans. joins us.tkine this is part of the turnaround plan, isn't it. >> very much so. he is trying to bring out the tell loosens back -- alcatel lucent back. labso that is the bell research center. it is one of hi

the bank of england is actually facing falling inflation. suffering from low inflation. >> this is the case. if you look around the world, there has been downside surprises to inflation virtually everywhere. i use the bloomberg median forecast. you look at this across countries, you find that analysts everywhere have been getting this wrong. it is also the central banks that have been getting it wrong. only ones where the bringing it is the bank of japan. gotten it right. >> if inflation stays low, rates stay low? >> in many places, that is the key issue. >> we will chat more about this. just ahead, we will go inside of the first whiskey distillery in more than a century. ♪ ♪ >> welcome back. this is "countdown." >> let's get straight to jonathan ferro. >> i want to start with sterling. this one just off of the five-year high. we have had better data. we have had a lot of talk about m and a activity. pfizer could pay over 63 billion pounds. give this one abu. here is your question, 307 u.s. companies have about 2 trillion dollars in cash

great news for new england. green security service says the two minute recruits from all that was mostly backed breakaway region of trends history of russian groups work together to ferment. but the unrest in the southern port city of augusta in south bank thousands of russian citizens to be rested up to schools the people going to be vicious fighting between pro ukraine support is set for two spots as witnesses say the fighting erupted off to hundreds progression in the ten people attending it for ukraine rally with guns and baseball bats. several current unit the protesters were shot dead during running battles and schools approved russia rebels da light when the city's trade union building was set to play is preliminary investigation suggests that corrections had just accidentally set the building on fire with molotov cocktails off to the protein and barricaded themselves inside causing a fire that eventually killed mormon from tp . during this one you know. the whimsy fields of those who released on saturday

on deck, in england if you see the world girl, -- word girl, you may be offensive. brad pitt attacked by a loon in l.a. something has to be done for a dangerous situation for famous people. those reports after these messages. nd sleep. shut your mouth and sleep right. breathe right. test test test test test test the performance review. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. >>> back of the book segment tonight, did you see that? and we begin with a major controversy in england where the bbc has censored a documentary about some athletic games. >> with the oxy coaching me i'm up against cynthia, his younger sister. >> i'm dying. hey, francis, i'm not sure can i -- being beaten by 19-year-old girl. >> well, the bbc t

so now joe kennedy is off in england, having a gala coming out party, very lovely social event for his daughter, kathleen, who unfortunately died young as part of another kennedy tragedy, but john f. kennedy, a young john f. kennedy, was at that event. david rockefeller, who was part of a long history of industrial, financial family strengths, was also there. in fact he somewhat dated kathleen kennedy for a minute back at the time. and so the ties, these connections, were -- went through all sorts of social and events that people wouldn't be involved in. >> host: not just the social and the individuals but as you're just alluding to, the strength of the families as well. and those family ties that run deep. the morgan, rockefeller,

if you're in london, england, there are a different set of rules. you, for example, can't report on an ongoing trial in london. that's what it is. it doesn't have anything to do with what we write. we write the stories we think are interesting and we distribute them where they are allowed to be distributed. >> we'll hear more from mayor bloomberg throughout the program. he talks to us about wall street, some of the credibility issues, capitalism, joe, you'll enjoy this and also his views on high frequency trading. we'll bring you that throughout the rest of the program. >> i'm sure our views on capitalism are in sync. >> very much in sync. >> i'm sure. >> he's very smart. >> very much in sync. >> his views on high frequency may surprise you. we'll tease you there a little bit. >> yes. i'm a little bit -- i don't think it's a huge -- i'm not going to spend the rest of my life think about high frequency

on deck, in england if you see the world girl, -- word girl, you may be offensive. brad pitt attacked by a loon in l.a. something has to be done for a dangerous situation for famous people. those reports after these messages. this allergy season, will you be a sound sleeper, or... a mouth breather? well, put on a breathe right strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. >>> back of the book segment tonight, did you see that? and we begin with a major controversy in england where the bbc has censored a documentary about some athletic games. >> with the oxy coaching

minutes just getting on to i-95 north, this is the route people would take leading into parts of new england. a popular road to travel this holiday weekend and for anyone on the road, they probably left at the very worst time. aaa says leaving at 5:00 on a friday is just about the worst step you can take. that's when you're going to hit the heaviest traffic. it's when most people are getting out of work and there are 36.1 million people traveling for the holiday. that's up from last year. and again, you're going to hit

certainly the bank of england is aware of that. i think going ahead, i think there's still a lot of potential for the market to take uk rates higher. right? the pace of which slack is falling in the uk is quite astoni astonishing. we do think that rates will move higher and sterling higher as a result. >> if you're not getting wage inflation and headline inflation is coming down, we have an inflationary report, you're going to be saying why are we putting up rates? >> i think it's this, right? i think when the bank of england laid down their initial forward guidance it was pretty much linked to that unemployment rate. what they've gone and done now, conveniently, is trying to focus the attention of policy on broader and more measures admittedly such as economic slack. i think the market will test that. market tend to test central bank credibility. i think considering the degree at which slack is falling, i think the markets could take uk rates higher. one chart i quite like looking at, look at the sterling one year, one year swap r

so it's a chilly new england morning. we're about 10 to 15 degrees cooler right now than yesterday. and we will see a few showers, too. even d.c. is much cooler. they were 92 a few days ago. now 66 for a high with showers. >> it really is amazing for this late in may. thank you, sir. appreciate it. >>> coming up at the top of the hour on "morning joe," brian williams' exclusive interview with edward snowden. why snowden said he considers himself a patriot, not a traitor, and why secretary kerry says he should come back to the u.s. and prove it once and for all. >>> then we're going to huddle around the water cooler. why one direction's controversial video may put their american tour in jeopardy. jen, have you heard about this? their american tour could be in jeopardy! unless they go to colorado. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i

showers will slicken roads across new england and across upstate new york. showers and thunderstorms will trigger wet driving conditions from the great lakes and upper midwest into the pacific northwest and down into northern california. >>> if you are flying, airport delays are possible in minneapolis. >>> all right back to the news. a mother and daughter have reunited in florida almost five years after the girl was abducted by her father. >> cara cox was just 8 when in 2009 she vanished during a court ordered visit with her dad near orlando. acting on a tip, authorities found them living in the remote mountains of mexico. they were flown back to florida where cara's mom and police had never given up hope. >> we have gotten tips over the years of possible sightings, for instance, in california a couple of times, but once again, those tips just never panned out. >> cara's dad was arrested. she turns 13 today and will be spending her birthday with her mom for the first time in five years. >>> all right. on the west coast firefighters responding to a garbage f

. >> southern england and eastern england would have resembled almost a vast stock yard and industrial parking lot filled with every imaginable weapon. >> all along the coast there were a couple dozen encampments where the americans were staging. >> on display at the world war ii museum in new orleans is the higgins boat in the city where the boats were built this was the landing skracraft that carr our beaches through normandy. >> it was made of hard wood and the principle metal piece on the whole boat. >> the average american gi was 5 foot 9 weighed 144 pounds. the depression was hard on the health of the american people. we have just over a million still alive. >> landed in this cemetery on the morning of june 6th, 1944. here are your orders. you will take the bridge before daylight. >> early morning of june 6th the fist in the fight were paratroopers like tom blake key. >> you will hold the privilege regardless of how long it takes and how many casualties. >> they were bouncing all around us and bullets were hitting the landing craft. they said keep your head down. >> we did. >> th

. >> england's chances are not that good. looking at the probability we have that's looking at the overall chances of different teams competing puts england's chances of getting into the final at only about 5%. its chances of winning about 1.5%. >> 1.5% for england? i'm mortified. are you a chelsea fan? >> i am a chelsea -- i'm a chelsea fan now that i've interviewed chelsea players. >> you went to meet four of the brazil players from chelsea. how was that? >> very exciting, wonderful people. they were talking about their experiences of growing up in brazil, their passion of football, what got them into football and where they are now, playing for their national team at home in the world cup. it was an amazing experience. a wonderful tune. >> the if we cross the probability of the market rallying after they win the world cup according to your model or likely to win the world cup, with the fundamentals right now, what do you think happens to the stock market? >> i think there's a good chance, there's been a bit of stability in

and everyone from north carolina up to new england will feel it. several southern states have already been hit. >>> north carolina is one of those places. parts of the state are reeling from a powerful storm that brought flooding and a possible tornado. it shattered trees, downed power lines, leaving nearly 5,000 people in the dark. people started getting emergency warnings around dinner time. then rushed out to round up children and take cover. >> i was terrified. i was, like -- i never lived through anything like that. never experienced anything like that. i was just -- i was terrified because i didn't know what was going to happen. >> preliminary reports suggest it was a tornado that ripped through the area. fortunately, no homes appear to have taken a direct hit. and no one was injured. >>> the national weather service has already confirmed that at least one tornado struck miami late yesterday, too. the severe weather was caught in this photo shot by a worker at the airport. a bolt of lightning, against an ominous sky. all traffic in and out of

act like it's not everyone is talking about england. but they want to relocate their headquarters because they want to avoid that 35%. >> so how would you turn that around? >> you have to bring regulations down. >> but why when they look at this, first of all they are not in the u.s. in that way. so do they share that view? >> i think it is a sense of apathy right now. a lot of women don't realize this area. >> there are not watching the show. >> technically right now we are number one. this is just a matter where we are losing a game. but there are ways that we can often be the world's envied that we have given up on the internet. one thing after another. >> in latin america, they can't get enough and harley-davidson, this is every country in the world. and people in china one a harley. it's not just about us getting our act together, they had the blueprint. and they are sticking to the blueprint. we had so many opportunities here. and silicon valley, over half of the new businesses are started in silicon valley. so we better wake up t

well ari of crouton sounds pretty british doesn't it and it's located in the south of england but it is in fact a u.s. air force base and washington as you say is reportedly planning on transforming it into a u.s. super intelligence hub at a cost of around two hundred million pounds it will employ over a thousand people and it will be working on u.s. operations in africa which as we know has been the focus of u.s. counterterrorism activities but the upgrading of this space is set to be completed by around twenty seventeen and apart from having u.s. personnel on site it set to be coast starved by members of g c h q and members of british intelligence which gives you an idea of how closely the two countries really work together on security and surveillance issues the u.s. base already has a direct link to g c h q that was revealed last year through the snowden revelations and it already serves as a relay station for cia communications in fact it was claimed last year that its base is actually where u.s. data and they say data from u.s. spy posts in europe is funneled through to the u.s

the backime it will be of england funding lending. it could be tied to mental conditions. the money but only if you are lending to business similar to the bank of england funding. >> as you know, the problem has been they have had that program, but they are started to be paid back. you have an expanding balance sheet. he is artie talked about the strength of the the the euro laying into this inflation. if the fed stops or contracts, you could completely reversed the euro dollar and go down to -- 21.3 oh or 1.200. >> maybe they won't lend the money. could be some unintended consequences. if you put cost for the bank, they could pass it businesses and consumers at home. the theory is that they lend more. in practice, they haven't got a clue. >> certain voices are saying the ecb does not have the mandate to do this very >> the political hurdle is massive. germany -- >> far right parties in france and the u.k. took an unprecedented first place in elections for european parliament. former italian prime minister mario monti was on tv earlier this morning in an exclusive intervie

the scenarios were unveiled by the european banking authority in the bank of england. the bank of england metric scenarios are quite armageddon-like, some are calling it. >> 35% drop in house prices is what the stress test will be built upon. ofbeing built on a drop around 19%. the bank of england will look at unemployment rising to 12% and interest rates -- this is the most telling line in a stress test. the interest rate level they're --ng to simulate things on 4%. that tells me something is very important about the long-term average. >> but with the highest mortgage rate in your day you ever paid? >> 15%. >> we're going to go inside the innovation lab to see how the biggest spirits maker mixes up new drinks. that is next. ♪ >> welcome back to "countdown." >> the time is 6:45 a.m. posted to winning merck's business after the meet rival walked away. international correspondent hans nichols has the latest from berlin. why did they walk away from this into a biddingot war. the asset simply became too expensive and as the ceo explained, they have very strict metrics. t

. >>> now, 5 and 6-year-olds in england will become the first in the developed world to start learning computer coding in school. it's part of an attempt to create a generation of high-tech intee prenears. kim explains. >> reporter: in southwest england these students take a language class of a different kind. >> the language with code. >> reporter: just like with french or spanish, there are rules and exceptions to learn. by learning the languages of code, they speak to a computer creating games, applications and websites. >> this is a really good thing to use, because i want to own my own business. i want to do my own website and can do it myself. >> reporter: coding and programming is a growing trend globally. israeli high schools included computer science and curriculums a decade ago, and australia did not in finland is looking to make similar changes. come september england is the first go-20 country to teach computer science rather than computer literacy to year one. students will start learning to write code from the age of 5. they'll go through four stages, from learningal g al

it is the second time england have lifted the title. with the french open just days away, the third seed cruised into the quarterfinals in dÜsseldorf. the openingthrough set against mannarino, who had won there only previous match -- won their only previous match. seppi took it andw?q?q?q?q?q?ggc

bank of england minutes are focused through the morning. futures were a little lower through the morning. this is your market open. the dax down by three. the cac 40 down as well. two days of losses make it three days of losses. coming off the back of five weeks of gains. i am going to take you straight to japan. the bank of japan does nothing. the yen getting stronger. the dollar getting weaker. japan there were big bats might not hit the inflation target of two percent and the bank of japan would have to do more. he is giving no signs there is more stimulus to come. if you are betting against him you are betting against again as well. outbank of england minutes today. this is the one to watch. the division between members about the amount of spare capacity in this economy. they think it is going to drop to 78 cents. that is a stronger pound against a weaker euro. >> one company on the move, the shipping and industrial giant raised its 2014 outlook for underlying profits. for a little more detail, the chief executive joins me on the phone

. >> southern england and eastern england would have resembled almost a vast stockyard, an industrial parking lot filled with every imaginable weapon. >> all along the coast there were a couple of dozen encampments where the americans were staging. >> this was the landing craft that carried our soldiers to the beaches of normandy. >> the average american g.i. was 5'9", he weighed 144 pounds. we have just over a million still alive. >> that is the cemetery. on the morning of june 6th, 1944, here are your orders. you will take to the bridge before daylight. >> on the early morning of june 6th, the first in the fight were paratroopers like tom blakey. >> it took four days. 500 casualties. >> we got in the landing craft. i think it was about 4:00, 4:30 in the morning. 200 yards from the beach, we started taking enemy fire and they were bouncing all around us. there were bullets that hit the landing craft. he said, keep your head down. we did. >> the area bombardment was a total failure. there was no place to hide once they landed. >> the preinvasion bombing was supposed to make large crat

[ cheers and applause ] now, i will briefly ask you about the england team. are you optimistic, pessimistic? it seems like most -- i will tell you my experience has been that most english fans are fairly pessimistic going into these giant tournaments. >> if we make it into the last eight, i will be thrilled. does that seem to be too modest an ambition? >> seth: no, i think that's nice. i think that's nice that you set your goals at a sort of achievable point. >> i, uh -- [ laughter and applause ] >> seth: will you -- where do you go to watch these? like, where do you watch the matches? >> i shall be watching in -- i'm very lucky. i have a nice big screening room in my home in west oxfordshire in england. my son -- who is also a soccer fan and still plays, unlike me -- we have a beer full of -- we have a beer full of fridge! [ laughter ] yeah, it's a curious english custom. [ laughter ] >> seth: it's like a ship in a bottle. it's a very large beer bottle and they build the fridge -- >> -- fridge inside it. >> seth: you live in england. you also live in park sl

the crisis said and people started paying off their debts and this is deflation and the bank of england hates deflation even though it's great for consumers and it's great for workers it's terrible for people who are floating debts to all kinds of myriad high levels of. levels of debt so they came in and they introduced quantitative easing which was a way to keep the debt ball rolling now we're at a period where they're trying to taper this quantitative easing in the united states and bank of england talking about cutting back on quantitative easing is that going to work. at all anyway let's move on because i think that that i want to move on more about what part of money's doing here so you have ten basic powers of money proposals. so tell us about the proposals well essentially we're saying you can't trust the same banks that cause a financial crisis with something as important as the powers. money so we would like to take. the power away from the banks now again you can't just give that's politicians because the same incentive to abuse the power. we need some kind of transparent acco

the future king of england will marry an american divorcee. >> yes. [laughter] stuart: are we done with this? >> she has already commented. [laughter] stuart: thank you, judge. [laughter] stuart: a change in subject, please. look at this young man. fifteen years old. he just won $75 to predict a new way of cancer. he is 15 and he is next. ♪ ♪ forever young mogul stay forever young ♪ ♪ [ the human league's "human" plays ] humans... sometimes life trips us up. sometimes we trip ourselves up. and although the mistakes may seem to just keep coming at you... so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personalized coverage and savings -- all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could sa

back then we were clutching a mighty power called england. powers rarely come back once they have been unseeded very but what about us? danny siegel knows the seeds that have been planted for this very day according to the world bank and if not now, when? what happens? >> this is a real happening. this should be a wake-up call. this is the incredible news that we would allow her country to be in this situation. so i hope this is a wake-up call to the politicians. and we need to do things rather than just talk about them. neil: i think our government has gotten so big. the sad reality is that the chinese government is vastly more efficient and much more prone to let capitalism run free. that sounds like oxymoron. but this assumption, by the way, of u.s. growth this year might be widely optimistic. and it could happen like today. >> if this isn't a wake-up call after the lethargic growth in 2013, this has been building for years. this is what is happening to our country. and we have to snap out of this and we are fraught with regulations and we

crisis said and people started paying off their debts and this is deflation and the bank of england hates deflation even though it's great for consumers and it's great for workers it's terrible for people who are floating debts to all kinds of myriad high levels of. levels of debt so they came in and they introduced quantitative easing which was a way to keep the debt ball rolling now we're at a period where they're trying to taper this quantitative easing in the united states and the bank of england talking about cutting back on quantitative easing is that going to work. it all anyway let's move on because i think that that i want to move on more about what part of money is doing here so you have ten basic powers of money proposals. so tell us about the proposals well essentially was saying you can't trust the same banks that cause a financial crisis with something as important as the pound. grant money so we would like to take. power away from the banks now again you can just give that's politicians because the same incentives to abuse the power. we need some kind of transparent account

keeping flame of bookselling alive and i thought i might compare them to the monasteries in medieval england which were these islands of learning and scholarship and a horrible ravaged countryside. been a member henry viii actually toward the monasteries and seized all their property and through the monks out into the countryside. i'm sure we know who henry viii is in this particular comparison, but anyway, i wish politics and prose a long and happy life, much longer impact than the monasteries in medieval england. there's three parts to what i'd like to do tonight. i'm going to explain how i came to this book, which is a -- a question some people are asked me about, but it's a question that really interests mormons, members of the church of jesus christ of latter day saints, whom i've been speaking to in recent days. secondly, i want to explain all of mormon history in about three or four minutes because it will help situate where this book is, why the events that are described in this book are important both in mormon history and in american history. and lastly i want to read from a book b

always a lot of interest aroundd the world about the england squad. it's been announced with ashley cole and luke shaw from southampton. >> this is absolute confirmation, but the news leaked early. one thing that surprised cole has not been the most popular especially off the pitch. but he has been gracious. in some ways that's taken some of the controversy out of it because a lot of people feel you just have to take your best players to the world cup, an, bt they want to bring young players, six have been taken to a world cup, and that man is coming in on the left back slot. it's going to be really difficult for them in brazil. the thought of them preparing for a world cup it should be this one. italy and uruguay as well as costa rica. >> it will be interesting to see how they get on. thank you very much. >>> well, to spain now. the league title race will go down to the final day. real madrid lost, and reports in a day of high drama. >> nothing short of victory would be enough to keep them in their title race. there was no room for lack of sons stati

>> i think england has very good chances. is a tough team, they're always there until the next -- until the last second. >> for our viewers, the second hour of the pulse is coming up. eurosceptics take on europe. we was due to francesca calie gallietti. >> incredible to think how well the national front did in france. >> are you going to put up or shut up? i'm not being rude. its deadline date. >> will pfizer up their bid as the clock is running out? ♪ >> petro poroshenko claims victory in ukrainian elections. in kiev.ve >> skeptics take on europe as protest parties gain in elections. it is a wake-up up call for mainstream politicians. good morning to her viewers in europe, good evening to our

with saints in stained glass, heroes in carved stone, and the remains of england's greatest citizens under the floor stones, westminster abbey is the national church and the religious heart of england. transporting crude oil by rail is sparking safety concerns and pulling the rental map from air surface plus, a one on one with governor jerry brown. >> i'm john myers in sacramento, this historic governor's mansion has history inside and nobody knows that better than jerry brown. we sat down for a conversation about california politics and why he wants an unprecedented fourth term as governor.

to be an ever never ending stream of willing buyers it also gets into what mark carney the bank of england governor was talking about last week he admitted first of all that there's a housing bubble and this housing bubble is focused mostly in london. and his solution was that the government has to build more houses which is bogus you know the point of having a central bank is to take the punchbowl away when markets get too frothy and his job is to raise interest rates to take the froth out of the housing market not to throw the ball back to the government and say the government's got to build more houses because that's not even the problem the problem is that because of mark carney and other central bankers flooding the globe with money that money is ricochet back into london and skyrocketing prices into the bubble it's his responsibility mark carney is shirking his responsibility it reminds me of alan greenspan back in one nine hundred ninety six when he talked about irrational exuberance in the nasdaq and did nothing and as a result as a crash eighty percent after the bubble popped his

you know, she is essentially saying 3,000 people sailed the atlantic from england to come here and believe in you and belief in your bible and you are in a rowboat crossing the mississippi and you are going to go hide. i am not totally answering the question that giving that i will, i don't know. there is really conflicting evidence. it would be more biblical and of course they control their own history for a long time. it would be more biblical if he did know that he was going to his own. but it was a predestined event. but you can't really say that. he does say some things. he totally is aware of the danger of going to carthage and he vocalizes those adhesive ands he gave to a very wealthy guy. he meets people on the same day before he is killed. the very last act is that he is sending a letter essentially to illinois to the absolutely best lawyer saying get me out of here and this always worked for him. he had a reasonable expectation as he had been before. anyway, thank you so much. [applause] "after words" with jeffrey rosen president and ceo of the national constitution center. this