caroline? coming up, strong manufacturing numbers out of china and the u.k., are investors buying into the stronger data. ethan harris, bank of america-merrill lynch head of global economics on next. ♪ tom: --alix: this is bloomberg . you are looking at relative risk on, futures pointing to a slightly higher open, you do have a relatively flat 6100 but the dax moving higher, was higher earlier, off the highest of the other session but the better pmi out of the u.k. and china helping firm eight tiny bit of risk appetite heading into jobs friday. the fx market, two stories, sterling surging higher, 132 against the dollar, you continue to have a stronger dollar against the yen, dollar-yen at a backupth high, a slight in yields by one basis point, you are seeing that across the board as investors rotate a bit into risk and oil flat at a three-week low. day, ae: happy pmi strong pmi day. strong manufacturing data out of china, the u.k., the eurozone, india, all above 50, getting a rebound in f

caroline? caroline: thank you very much. turning now to turkey. in the wake of july's attempted coup, the president faces renewed pressure to stir economic growth. the turkish lira is down 40% since 2013, and our editor in chief sat down with the turkish president in new york to discuss the economy, and asked, if it is happy with all over currency against the dollar? there hasn't been kind of explosion in the currency that people were expecting, even after the coup attempt. our hope is that it should be lower, if not at the level desired. but those who were expecting it to crash, they didn't get the results they wanted. if we preserve the stability, and is the turkish currency gives a little more valuable, i believe in turkey --let me elaborate. thein ithe first six months, growth rate in turkey is quite satisfactory. than theuch better primary economies of the european union. turkey has grown pretty much 20 nine quarter9 quarters. good indicator because we have fiscal disciplinary policies. there is confidence in the market

caroline? caroline: let's get into another stock story. redrow trading higher after the company released its earnings. the company's ceo told us that brexit doom and gloom was overstated. >> in the lead up to brexit, trading looked to be fairly robust. we were really happy people in the result came out, we said what do we think is going to happen here echo you look at your landline strategy, but none of the doom and gloom has come to fruition. it was all overstated. we are pretty happy with the things that with the way things are going. -- with the way things are going. up. barclays is yes, the company is out saying the price remains resilient. that is the view in the market this morning. let's get a take on all of this. that number, i think is really interesting good august reservations down 20% from a year earlier. there is much less of a pound effect coming through. >> a few things paying in mind, down 20% in august is roughly in line where they were in the first few months of the year. what were the effects echo a number of tax changes

caroline? caroline: thank you very much. let's stick in hong kong and in --na because of the economy with retail sales, factory output exceeding economists estimates. the surge and property prices .nd data may not be sustainable let's go to our economic correspondence, enda curran. confidence boost for investors in china or not? enda: good morning. it is adding to the stabilization coming out of china. i think we can draw that authorities have things back on the control. we are not heading toward that hard landing we thought we were at the start of the year. we look across the board, the number say numbers holding up -- the numbers say they are holding up. up,theless, it is holding factory and experts picking up. investment doing ok. that is the positive side of things. the investments we are talking about is being billed by the public and not the private sector. the economy is leaning on the government. china has a big reform agenda that has been pushed to one side. -- or whethers they continue to kick the can down the road

caroline? caroline: thank you very much. japanese stock market reopens todays as traders position themselves ahead of the key boj and fed decisions. let's see how markets are moving. david ingles has it in tokyo for us today. david, walk us through the market moves, the caution before the decision. david: as you would expect. have a look at my chart behind me. this is last friday. this is what markets closed, a mixed picture. a lot of that was down to the heaviest weighted stock in japan, 7% of the index pulled down. topix a little bit higher. but in all fairness we did see most stocks in japan with a higher as well. but as he mentioned it is really just a lack of volume, a lack of big bet. the boj started their meeting today; this time tomorrow we will get a better idea. we'll that the press conference from government corrode a. -- governor corona. kuroda. we will shut yesterday, your trading tomorrow, that things shut, and then the fed comes up in a few hours. calendar and you don't understand -- why they have been closing

caroline: what about the supply side? wavee seeing a potential come on from the building area in particular. will that suppress prices? will there be a glut coming on in terms of cheap housing? >> i hesitate on the cheaper buildg but a glut in new in certain sectors. targeteddevelopments at the foreign investor market. these take time to work through but we should not criticize new builders. they are important for the capital. but it has to be the right sort of property. and perhaps more affordable with different specifications than what the builders have been building for the foreign investors. one of the downsides were concerns of developers that came out today were they were worried about skilled staff shortages particularly with looming brexit. they are relying a lot on foreign developers. they say they may not hit on london targets. how much does the big picture you look at correlate with the broader economic data? >> on the demand for housing, very much affected by economic data to a degree but if someone needs a ro

caroline? caroline: thank you. shares and take your dropping going for itsix longest losing streak since 2014 on the at that the boj will make deeper cuts into negative interest rate. the rate decision is next wednesday. our guest is still with us. the negative rate policy -- is it working? i think this is one of those counterfactual problems. ,t's difficult to find evidence but if it wasn't there it would probably be worse. employment is pretty good in japan and there are early signs of inflation -- in that sense it may be working. ,ut it is not getting through and i think that is the problem central banks have all over the world. you need to shift to the fiscal side of it to see if it makes the difference. guy: they could take rates a lot more negative than they are now. >> yeah, but we were talking about bank profitability earlier on. they can help the banks avoid getting hurt. they could do more, but it is not helping denmark or the swiss national bank. i don't think it has helped many -- we will see. and is th

caroline? caroline: thank you very much indeed. south africa, rate decisions in africa this week kenya announced an unexpected cut by 50 basis points. today it is south africa's reserve points turn. give us what is expected from the sarb today. >> the inflation rate fell below the 3% to 6% target that the central bank naturally targets for the first time in august and those numbers came through yesterday. analysts and economists really feeling that could give room for the central bank to keep or extend that pause that it put on the rate tightening cycle, tightening policy in july. we know that all 24 economists in a survey conducted by bloomberg have said that they expect the central bank to keep their repurchase rate at 7% this afternoon. guy: let me pick up. it is guy in munich. let me talk to you about what's happening with the downgrade and the impact on what's happening with the rand. debeers has come out and voiced their concern about the downgrade. >> we know that moody's said earlier this week that there is probably about 1

caroline: what about m&a. we have just seen that deal --ween teixeira and lend between praxair and linde unwinding. michael: the financing is still there. while will take a long for this theme to play out. now, you would say -- yes, the finances are still there so why with the trend change? about -- think. about where we go. everything is correlated with central banks. forget intermarket correlations. it is all correlated with central banking. if you start to think about the relationships that exist, how to the relationships change -- not just with bonds but through the entire market space? how does everything fit together in a world where we are changing the other side of it? michael: initially, the correlations stay similar mainly because there will have to be some kind of rewinding and unbalancing. money will ultimately leave the corporate bond market and go back into equities at some point. that correlation will normalize. the sectors in the areas that have benefited -- guy: the equity market goes higher i

what do you want to see, caroline? caroline: well, i am not that excited. i am slightly miffed by the fact i can no longer use my own earphones. big push from apple, but this will likely not change the revenue outlook for iphones and indeed, for the overall iphone numbers. four straight quarters is what we are expecting in terms of declining sales. we will not begin an uptick in to the second quarter of 2017. that is when we are expecting a whole new kind of product, an iphone with a slimmer screen. that is important when you are looking at this chart. 66% of the revenue comes from the iphone. guy: the biggest indicator for iphone to me is the fact that warren buffett owns it. he likes to own things in utilities. that is kind of where the company is right now. caroline: this is not a growth stock anymore. this is a long-term play. this is not meant to be the euphoric driver we have seen over the course of five years. we have seen it remain steady as we go, still the world's most valuable company. we will see what they do in terms of trying to grab back the

caroline has your morning brief. caroline: guy, it is current control. banks, butls of the leaves the market wondering if there is more to come. governor corona is speaking now. earth, wind, and fire. investors brace for the latest decision from the federal reserve. the 21st night of september. and soros on the trump. the next week's u.s. election debates and if the global economy -- european markets are called higher. guy: 10 seconds away from the open, expecting a positive start , financials firmly in focus. let's show you what's happening. a little selloff in the auction process yesterday, and now let's see how far the markets go this morning as things light up. london is beginning to climb, showing us what's happening. the cac is also climbing fairly sharply as well. let's show you what is happening here -- this is the breakdown on the sector basis -- energy, ip, consumer financials leading this morning, the entire wheel is green. financials are leading the charge as we push higher, definitely up in japan and europe. let's break it down on a regional

--caroline? caroline: we are going to talk oil, commodities and iran, saudi arabia is seeking in and to limited oil reduction. opec members are in an -- opec members are in algeria. let's get to a man on the ground, yousef gamal el-din. gives a sense about what is happening on the floor. iran given any signal on a deal? -- iran giving any signal on a deal? yuko we are waiting for more delegates -- yousef: we waiting for more delegates to arrive. remarkable,t of saudi arabia grappling with a bunch of deficit, trying to limit the extent that it is burning through its four currency reserves. eventually issuing bonds and cover that shortfall and trying to rein in oil supplies to support prices. then you have iran, they are kind to get back to the precinct since level of production. -- they are trying to get back sanction level of production. this,ical point in all of how massively the supply has changed. the latest you are looking at, libya, russia adding over 800,000 barrels a day in additional supp

caroline? caroline: thank you very much indeed. from temperatures building in anticipation of whether we will indeed see a move from mario draghi and the 25 members of the ecb here in frankfurt. the question of course is will projections be changed? there is a consensus that we will see a slight downgrading of 2017 outlook for growth. that is after we saw some pretty poor numbers coming out earlier this week on monday. the slowest growth since 19 months. bankss an issue, italian is an issue and the spanish election is a key risk. is it enough of a poor situation to spark any change to quantitive easing? we know mario draghi has hinted that should be pushed past march the economists say it is happening at some point in 2016, but only 50% see it happening on this very day. 80 billion euros a month that they keep going -- even passed march 2017, how do they get their hands on those sorts of bonds when so many of them are in eligible? minus .4%. will they start to tinker with the rules that they have in place and make it easier for the

caroline: thank you. now, aviva ceo, mark wilson, says britain's government needs to offer more clarity on the brexit process. there has been increased profit and raise dividends in august. francine lacqua asked mark wilson if the firm has an overall contingency plan. >> i think what we need from the government is a certainty of timeframe. i think it is entirely appropriate they have not invoked article 50 yet. we need to take some time, take a deep breath, sort out what the plan is. we don't have to sort out all the answers, but the answers will be different for different industries. i am impressed by the fact we have got a new prime minister, we have got new people in place. markets crave certainty, don't they? i hoping and we will get that over the coming months. francine: are you worried london will stop being one of the financial capitals of the world? >> know, the reality is london is the home of areas like insurance. london has got great labor laws, it is a great place to live, it has got all the s

caroline? caroline: rosalind, thank you. here in berlin, mario draghi gets a drilling. german lawmakers questioned the ecb president in the rare chance to press him on controversially low interest rate policies. the closed session is due to last about 90 minutes. our germany editor joins us with the details. there have been very outspoken critics to german lawmakers, and it looks as though we could get tough questions. but it's not going to be a red carpet welcoming for the ecb president. >> well, i think it will be a very civil and civilized welcome. the thing is, the last time he spoke to them was four years ago, to the bundestag here in berlin. it's been discontent, dissatisfaction at what the ecb has been doing. it's been brewing for that whole time. last time, that was right around the time of the outright monetary transactions claim, which was also very controversial, highly controversial, and now of course it is about the superlow rates that have also drawn a lot of criticism. caroline: there is such an extent that we have had wolfgang schaeuble almost laying dra

caroline will be spent to commerzbank cfo. that is a critical conversation. 12:10 london time. 1:10 in frankfurt. ♪ francine: deutsche bank drops again. announcing concerns the lender cannot withstand pending legal penalties. contagion fears. financial stocks drag equities down. 99 and counting. it has been almost 100 days since the brexit vote and britain's economy is still flying blind. we bring you are recent brexit show at 9:30.

caroline is there. what are they saying, caroline? caroline: they are all meeting behind me in the council. merkel is talking of a determination, guy. they need some sign of unity to project the fact that the 27 countries together are stronger post brexit, rather than a push we are seeing at the moment toward less integration, more h ungary and poland foisting this at the moment. a determination to tackle what she calls a crisis. she says you need to be tackling security, defense, and protecting the eu orders. it seems they all got the memo. we heard hollande talking about security. we heard the luxembourg leader also speaking about security and economic competition being a priority today, guy. we do have one outlier, the czech leaders saying, you must respect the national parliament. this is where the divide makes itself apparent. the reaction to the post brexit world. is it more integration, or less integration? is it power back into the individual countries, like what poland and hungary call for? they are railing against the immigr

caroline: nejra, i do indeed. it is david kohl chief economist and head of fx research at julie's there. a beautiful morning. but not beautiful growth figures. how are you expecting the ecb to look for projections, will they be changing today? david: they will be changing most likely. but they are really good, in line with our estimates. but only go to do thousand 17 and 18, they have a typical rising trajectory. and this might not be accurate. we see lower expectations for growth in 17-18. why? because we have a depreciation of the euro, because we have economic growth. i don't know if we had this next year in 2018. so some revisions down. but this is really cut and dry marker. caroline: might be downgraded to 1.5%. david: exactly. 1.6%, this is probably more accurate forecast. caroline: will quantitative easing be changed? do you see an extension past march 17? the extension. but what is crucial is when is the right moment to announce that? also, with this announcement they tend to have announcements of risk ave

(track)caroline is 17 years old now.. and as you can see she's upgraded in her choice of weaponry.like most high school seniors, caroline looking at schools with the best food, football teams and greek life, caroline is looking at colleges that would allow her to legally carry a concealed handgun.(sot - caroline, clip 2)04:49:04 - 05:03:23i'd say i would definitely lean towards the school with concealed carry, as long as everything else about the school, i like about it. a& just because i would feel safer on that campus. (track)there are ten states that allow students at public universities to carry concealed handguns on campus, though some of them have limitations on who can carry.. and where.there are another 10 states where the law strictly on campuses. the rest leave it up to schools to decide.but according to a 2015 gallup poll, 56 percent of americans think the country would be safer if more people were allowed to carry concealed weapons. but while some students are anxious to carry concealed weapons on campus, many

caroline: is there risk on commerzbank? stephan: i am not prepared to .omment, but i'm relaxed caroline: quite you think we are able to get to this in the long-term? what will help deutsche bank to convince the market that their capital position is strong? stephan: that is the job that deutsche bank needs to do. if you take into account lower risk profile of the overall bank. caroline: is it wrong for the whole banking sector be -- banking sector to be tainted? stephan: coming from the low interest rate environment which is a burden and secondly regulatory still is a little bit difficult to understand. that puts some question marks around it. caroline: is regulation going to far for european banks? stephan: i think of regulation needs to be predictable and that is the path that investors are missing. caroline: are rates too low? to startecb need moving away from negative rates? stephan: ecb if they want to decide, it is true that negative interest rates are not something that intuitively works together with the classical ba

caroline: -- >> i'm not prepared to comment. . i relaxed caroline: why do you think you were able to get through this and long-term? bubble help deutsche bank to convince the market their capital position is strong enough? is onecapital position on average with the market, especially if you take into account the lower risk profile of the overall bank. is it wrong for the whole banking sector to be tainted at the moment? >> there is a certain level of discussion of the banking sector coming from low interest rate environment which is a burden. and regulatory is a little bit difficult to understand. that puts heavy some question marks around it. behink regulation needs to especially predictable, and i think that is a part investors are currently seeing. caroline: our rates too low? does the ecb need to move from negative rates? >> they need to decide on their target. it is obviously true the low rates, especially negative interest rates, are not something that intuitively work together with the banking model. ceo was talking about c

emily: bloomberg's caroline hyde 's rubin ritter. timing can be delicate for cisco after announcing job cuts. hiked trump threatened to taxes on companies moving jobs overseas. men who helped bring real-time computing to wall street is taking his passion for tech to the sports arena. legs projectis next. tomorrow, bloomberg will be live add the market's most inferential summit. don't miss it. this is bloomberg. ♪ emily: the nba's sacramento kings are moving to a new home. in any ordinary stadium. the new gold and one center has over 615 miles of fiber on the cable and it's entirely powered by solar panels on the roof. the push for the most high-tech championed by the current owner of the kings. cory johnson took a tour of the arena. we wanted to rethink the whole paradigm of an arena. we have our fingers on the pulse. security,ia, environment, you name it. arenahing plugs into the and we have real-time control on everything that happens or could happen. this has never been done before. we have the best fans in the world and th

i am caroline hyde here in berlin. caroline: breaking data for you. german factory orders missing forecast. at 0.2% for july. it is also seeing a revision to june where we saw a slump of zero point 3%. this read -- 0.3%. the market was hoping to see 0.5%. for your onof 0.7% here. a lot of significant moves happening in the euro on the back of this. we will dig into this. we are getting some breaking news from the u.k. corporate. if you see a company reaffirming its view on what will happen with its forecast, that does not seem newsworthy what it does if it is coming in any company related to the property story. that is what we are hearing from barclays. they are reiterating their guidance. view ofp reaffirms its 2 billion pounds, pretax profit over three years. had a negativecy effect on capital. as a reminder, the group's operating in the property here in the u.k.. it is a residential and commercial property development focusing on urban regeneration and mixed use development. if you're looking at what is skyscrapers, this is not the company to look

caroline, bring us up to speed. caroline: it has been hitting asian stocks, and slightly rocking european trade as well. we understand that some 10 hedge funds that do business with deutsche bank are starting to cut their exposure. now, these are the likes of rocket capital management and money and partners. clients, weout 800 are talking about. confidence is starting to unravel, however. why put your money on the table with deutsche if there is a risk of disaster? so, notable that deutsche bank itself is coming out and saying, "look, our clients are among the most sophisticated out there." let's put this into perspective. maybe some less sophisticated depositors don't understand this. notably, we can see the signs of stress. stocks of been plummeting, along with the bond prices. manus: later, caroline, you will be speaking to one of the key executives from commerzbank, which has already announced dramatic changes to tackle the environment. the numbers here are quite gargantuan in terms of what has been announced. i

caroline: francine, thank you. here we are, new electric vehicles -- the supply is there, is the demand? >> it is coming. as you know, the growth of the electric car in europe is significant. it is unbalanced in countries depending on the support they are getting from different governments. but it is growing. it is not growing as fast as you marketike, but today the is the chinese market because of the total support given by the chinese government for -- but this is the most sold electric car today in we will doubley the real autonomy, and it will also strengthen. we are talking about doubling now, not in one year or four years. we are talking about sales of the car today, 300 kilometers in urban and suburban drives. caroline: where is the demand coming from in europe? >> the consumer is looking at admissions, is looking at onlyation, and it is not looking at what's happening today but also at what may happen down the road because he is occupied with the resale value. caroline: with the scandal that has enveloped v

caroline: that will the next year? >> we have not communicated when. when wemake sure that feel the time is right, we can quickly go. year, next year, or the year after, i cannot share. emily: caroline hyde speaking with the ceo of delivery hero from berlin. amazon mason become the second stock in the s&p 500 to cross the $1000 threshold thanks to a record-setting rally. the top $800 for the first time in thursday trading, narrowing the price gap between it and alphabet. group is, priceline the only stock in the s&p with that distinction currently trading at more than $1400. botstor wants to use chat to change the way you move. we will tell you about the chinese ambition. our conversation with go pro ceo nick woodman on the unveiling of his long-awaited camera. will it be enough to boost company sales? this is bloomberg. ♪ emily: turning to the ipo market, apdio is -- they had originally expected a share price of $13 to $15 per share. the business caught the eye of venture capitalists into doesn't nine, and it was the first -- in 2009, and it was the

caroline: if the u.k. backs away from full access on the single market, and just wants to preserve access to financial services, will that change the conversation? now, i have been understanding that the brexit supporters have been saying, you can limit the numbers of migrants coming from the other eu member states. obviously, that is not possible and they knew that before the referendum. now, they are trying to square the circle. why should we, at this stage, comment on internal debate within the u.k government.. i would like i article 50 to be triggered. once again, it is up to the u.k. government to decide, but as long as they happened, we will not be going into the details. caroline: what is the sense in brussels at the moment? dispair orne of this bear o dis-unity? >> we regretted what happened on june 23, but of course, we respect this them a craddick majority of the british people. -- this democratic majority of the british people. now we have an excitation that we will see the article 50 procedure.

twitter spoke to caroline hyde. to producerying solutions for the customers and regainors and we have to the trust. doneed to work hard and we work hard. we're making progress and overcoming the crisis. slumpedng shares have usersgulators warned the of the premium smartphone to stop charging them. they have called passengers to stop using the devices. dozen have batteries that caught fire or exploded. we are powered by more than 2600 journalists and analysts. you can find more stories on the bloomberg app. this is bloomberg. >> thank you very much. .tanding by is david the equity markets are playing part of the catching up game on friday. run us through the big moves. >> we are seeing the extension of what you are talking about and you can look at asia. was. not as easy as it have a look at the biggest hits. we're talking about new zealand and hong kong. you look at the scores of the moves and we are talking deeper under this hood and they are out of character. we're looking at three standard deviations for this mar

caroline: absolutely. doctors are increasingly aware of what a big problem opioid addiction is across the nation, and they are looking for anyway in which they can not use them or reduce the dosage given to patients. right now, a lot of patients given a virtual -- virtual reality headset are still on pain medication, but some are able to use lower dosages, and that could reduce chances of becoming addicted. doctors are open to trying all sorts of technology now to see what they can do to lower the numbers of people becoming addicted. vonnie: our thanks to caroline chen. you can meet her wonderful story in the latest global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. -- in the latest "bloomberg businessweek." forbs above $47 a barrel wti after an unexpected plunge in inventories. ♪ david: from bloomberg world headquarters in new york, this is bloomberg markets. i am david gura. vonnie: i am vonnie quinn. david: commodity markets are closing in new y

caroline: dolby next year? niklas: we have not said when we will do it, but we will make sure that when we feel like the time is right, we can very quickly go. emily: and that does it for this edition of the best of "bloomberg west." we'll bring you the latest throughout the week. tune in next week. we will interviewed nasdaq's ceo tuesday. this is bloomberg. ♪ ♪ >> coming up on "bloomberg best ," the stories that shaped the week in business around the world. central banks in tokyo and washington are in the spotlight and on the spot. >> i do not think anything is a pledge from janet yellen anymore. >> people with capital are really enjoying this environment. is this sustainable over the long term? >> no. >> heads of state speak boldly about their national challenges. heads of companies speak frankly about international opportunities. >> i say it's all terrible. >> we are more cautiously optimistic. >>

caroline: next year? niklas: we have not said when we will do it, but we will make sure that when we feel like the time is right, we can very quickly go. emily: and that does it for this edition of the best of "bloomberg west." we'll bring you the latest throughout the week. tune in next week. we will interview nasdaq's ceo robert greifeld tuesday. this is bloomberg. ♪ ♪ >> ok good ministers prepared to meet in algiers. saudi arabia is ready to cut production to january levels. clinton and donald trump prepare for their first debate. ohio, florida, and 12 states are now too close to call. in warnings of contagion rely ands small banks more than ever on each other for funding. the rebound in resource

manus: pushed hard by caroline. pushed it mayas compromise with iran on future agreements, saying the deal in november is possible. >> three countries had special conditions, namely libya, nigeria, and iran. and it has been constrained for the respective reasons. and it would be permitting to the terms, to produce at maximum level that makes sense. and generally, they would be the level that we have achieved recently. so, once we agree to this, then a freeze will take place. anna: for more on the oil story, let us get over to yousef gamal el-din in algiers. very good morning to you. what can we expect from today? because this is really when we could see developments. the key here is going to be closing the gap between iran and saudi arabia. officials still too far off according to many analysts we have been speaking to. that sound bite you played from the saudi oil minister, achieved recently is the key word. it is a backward looking scenario, and that means that iran would not be able to reach its 4 million barrels

caroline hyde in bratislava. today's meeting is a taste of things to come. 27 countries meeting without the u.k. lord introduce our guest, bilimoria. also with us, john wraith. gentlemen, thank you so much for joining us. first of all, you must have benefited from the weaker pound. your position is what, you are concerned if you have trades being put in place when article 50 gets triggered, but for the moment, are you in a sweet spot? the biggestia: concern is the uncertainty. i was outspoken about the fact that if we voted to leave, the world wouldn't fall apart, but it would be a better option to remain because of the uncertainty caused by a leave vote. frankly, nobody had a plan. francine: that is clear now. lord bilimoria: david davis, boris johnson, they are not coordinated. they don't have a plan. when we debate this in parliament, extricating ourselves from the union is a complicated issue. the earliest it will be his 2.5 years. we've cut 2.5 years of's uncertainty what ever happens. business doesn't like

caroline: next year? niklas: we have not said when we will do it, but we will make sure that when we feel like the time is right, we can very quickly go. emily: and that does it for this edition of the best of "bloomberg west." we'll bring you the latest throughout the week. tune in next week. we will interview nasdaq's ceo robert greifeld tuesday. this is bloomberg. ♪ terre: we asked some of the best minds in the world from business, government, the arts, and academia, what are the most urgent problems facing humanity, and how do we solve them? the result is "big problems, big thinkers." ♪ >> what is the number one major problem facing mankind? >> i think it is the lack of education. >> politics has been getting dumber and dumber. >> there is a balance of green spirit. >> if we don't have a more sustainable way -- >> everybody has the capability of making a difference. >> remember your humanity. and forget the rest.

caroline: this news, this report, was it really news? elisa: it certainly was, and it comes on the backlog. we have seen european banking shares coming under a lot of pressure. banks, italian banks finding a solution, but there has been a great deal of focus on the power of the banks, managed, restructuring, very difficult market conditions, negative rates, squeezing further. it is on the back of that, it is a lot of focus on whether this is something that might have been on the table at some stage as a means to grapple with these long-term difficulties that the banks have. caroline: there still seems to be cause for consolidation in the german banking market. we heard from the ceo of commerzbank is saying exactly that. i am sure they are talking about the land is bank -- elisa: yes, that is right. there is a lot of competition in germany. they should've gone with one of the smaller players, not the large players. the larger the banks become, the more capital, and the regulators asked them to set aside and this is precisely the difficult

as fox new correspondent "caroline shively" reports from hofstra university... the debate itself is expected to be a blockbuster, with more than 100-million americans watching. ((take pkg))runs: 1:23out: std chyrons:0:00-0:07 caroline shively / hempstead, ny / fox news correspondent (on-cam intro)0:08-0:12 guy benson/fox news contributor/ courtesy: "special report" / fox news 0:30-0:35 reince priebus / rnc chairman/ courtesy: "the kelly file"/ fox news channel 0:44-0:47 newt gingrich (r) / former house speaker/ courtesy: "hannity"/ fox news channel1:02-1:04 robert zimmerman / democratic strategist / courtesy: "the kelly file" / fox news channel 1:12-1:15 stuart stevens/ fmr romney campaign senior strategist/ courtesy: "the kelly file" / fox news channel 1:15-1:23 caroline shively / fox news correspondent (on-cam "fox news" tag) ----------------------------- ----------------------------- ----------------------------- ----------------------------- ----------------------------- they are predicting a super bowl size audience tonight with up to a hundred million peop

. >> reporter: caroline says the last 4 years have been tough but rewarding. >> she worked really hard and she did great. we didn't find it too strength yobs because she was getting great help from all of the team here. >> reporter: lucy and her mom became part of a new study that cowl link autism to genetics. center we flow -- genetics. >> we know there are a lawsuit of -- a lot of genetic components, but you don't necessarily see that without a large enough sam. >> reporter: lucy's mom is not ware of anyone that's been diagnosed with autism from her side of the family or her husband's. >> lucy is the first fist one that beknow of. >> reporter: caroline hopes it will shed light on the disorder she's had so many questions about. >> it could be a game changer in understanding what causes autism. >> mind institute has recruited 3,000 families so far. >>> coming up, meteorologist lawrence carno is back with your complete forecast. for now, a beautiful look at bait bridge. -- look at the bay bridge. >>> a 3-year-old seattle mariners fan has become an internet sensation. beatrix hart was ni

mark: caroline, great job. we will not see you through this week in what the big week for the oil industry. caroline connan from algiers. the skit to mario draghi, still speaking before the european parliament of rushers -- of brussels. he says monetary policy has been effective at low interest rates are a symptom of low growth. the ecb policy effective not yet exhausted, does that imply more easing is on its way? low interest rates for a long time have side effects. pieces european banks have profitability problems and deutsche bank shares are absolutely getting hammered. the concerns about profitability and capital levels. we monitor the headlines for you and you can watch the full event on the bloomberg at live go. close. is the european it is 3:56 in london, deutsche bank falling to a record low on speculation germany's biggest bank will need to raise capital. have a look at the markets, the closes next. -- the close is next. ♪ york.11:00 a.m. in new i'm mark barton. vonnie: you are watching the european

now just old enough to drink at a wedding, caroline logan already has six years of photographing them under her belt. she started when she was 14...but her most recent stint was like no other for her. (caroline logan/ photographer) "definitely keep hearing, i've never heard of this, i wish i would have thought of this." she photographed, martha, abigail, dolley, elizabeth an they're all sisters...but not bridesmaids...they' re coonhound/boxer mixes. and in the center with the bride, that's biggie smalls, a pitbull pup. (no gc provided) "their faces are irresistible, it's too much, it's too much." and apparently too cute not to share... (caroline logan/ photographer) "it kind of took off, and 10,000 likes later, and thousands and thousands of comments of people tagging each other and their best friends." national shows and websites picked up some of the pics...but it pups. she works with 2 rescue organizations...an d when this litter came in days before her big day...it was fate. (caroline logan/ photographer) "the entire bridal party was able to focus on just loving on the puppies and

. >> caroline says, totally should have a case if they won't agree to take down those pictures. >> and brian says, no, she's ungrateful. >> all right. you let us know what you think.

i wonder, caroline, who is running this? how much of it is a local effort versus a state effort versus a national effort? caroline: i think it is a bit of everything that you said. i think that in some ways is what makes it tricky to respond because the cdc is the government agency that is ultimately responsible for the u.s. being prepared, but they are only advising. so they can suggest to the state what they should do, or if a local counties of pay, can we send some cdc has to calm in and help us out, they will send experts onto the ground, but they cannot be like, "everybody has to deal with mosquito control right now." they just do not have that control. it is a mix right now where county by county people are coming up with plans, the state is trying to get them funds, the cdc is try to back them up with experts. carol: why isn't the government more sensitive, the federal government, that helping out florida? caroline: well, this is where it gets tricky with politics, right? back in february -- so now this is months ago

caroline hyde is at the paris auto show. saudi abandons comfort as they pursue a plan to reduce supply. who will take the hit? inflationary pressure. how will a boost in oil prices affect global prices?

the movie volleyball team won the state championship after the death of star player, caroline found. found died in august of 2011 after she crashed her moped in iowa city. her death came just weeks before the start of the season. kcrg-tv9's mark carlson reports on the progress of the movie. "former west high coach kathy bresnahan says this movie has a ton of emotion -- and it so far she's impressed with how hard the producers are working on a lot of the details. " " a lot of people told me this movie, everybody from wardrobe to everybody, a lot of tears a lot of hugs, they get it. " kathy bresnahan has been back-and-forth to canada to check out the set and progress on live like line -- the story she lived. "the really important things, the relationships that we all shared and the heart break the grief, the overwhelming support from the community, they got that, they got it in there. " eastern iowa - bresnahan says the movie set in canada is impressive.. the details of the u-s cellular center where the championship took place, the team's uniforms, even the championship trophy are all

let's go to caroline hyde with the details. caroline: good morning, guys. we are getting a little bit higher in terms of yields in the u.k. treasury. the 10 year yields are up about two basis points. so, may be coming out of a haven that has been u.k. gilts. prices for yields are rising, all of that ahead of the u.k. pmi data. we are seeing the best we have seen in two years, 50.4 is the number for chinese manufacturing. so, we are bracing ourselves for europe. what are the headwinds there? and the united states around 4:00 p.m. u.k. time. let's look at how we're opening on the stocks. a bit more risk appetite after we lost at the end of trade yesterday. oil prices are sinking lower, and that dragged energy off. everything will industry group is trading higher. who is winning? the bank are outperforming the financials up .7%. materials are also up .5%, and where is energy? we are up about .1%. atp your eyes on all prices the moment. let's look at the individual movers. a bit of a bellwether for the united kingdom and europe, and australia, for the hiring se