i told nichols the the story. to the scene where i'm rehearsing with anne bancroft in the hotel room and he says, the next time we do this scene, i want you to go to the back of her and she has on a brassiere, just hold her breast and let's see what happens. i did it. she had been looking at her sweater and she acknowledged that i was holding her breast. she went back to try to rub off. it was brilliant. i started laughing in those days, well probably today, if you are an unknown actor, if you are caught laughing, that's the worst thing you can do because you're breaking character. i turned my back on mike nichols and i kept saying, do not laugh, do not laugh, you will get fired. i cannot get myself together. i started banging my head against the wall and he started laughing. that is in the movie. the whole thing is in the movie. [video clip] >> could you help me with this please? >> certainly. >> thank you. >> you are welcome. >> benjamin, would be easier for you in the dark? >> mrs. robinson, i can't do this. >>

i told nichols the the story.aid, i went to go to the back of her and she has on a brassiere, just hold her breast and let's see what happens. i did it. she had been looking at her sweater and she acknowledged that i was holding her breast. she tried to rub off. it was brilliant. i started laughing in those days, well probably today, if you are an unknown actor, if you are caught laughing, that's the worst thing you can do because you're breaking character. i kept saying, do not last, do not last, you will get fired. i cannot get myself together. i started banging my head against the wall and he started laughing. that is in the movie. the whole thing is in the movie. >> certainly. thank you. >> you are welcome. benjamin, would be easier for you in the dark? >> he kept putting in axis that happened from bringing forth what he thought. >> mike nichols, dead at 83. ♪ >> live from pier three in san francisco, welcome to "bloomberg west" where we cover innovation, technology and the future of business. i'm emily chang.

hans nichols: there have been a variety of downgrades.hey areportant is looking at the health of the management of the company. that is what is concerning. does not just looking at the scandal, but how the company has rescanned it -- responded to it. that's troubling. we thought this was localized and it had to do with nitrogen oxide on diesel engines. it actually had to do with co2 as well. now we get this downgrade and we have an announcement for cars in germany, half a million of them need to be fixed or require substantial reengineering. this is going to be a very expensive problem. estimatesthe cost rising on a daily basis? aside $6.5 billion. hans nichols: when they did their earnings it was $6.7 billion. their earnings call, they raise that to six point of an billion. then they announced the co2 aspect of this. that is about 800,000 vehicles. this could cost an extra $2 billion. estimates, we have to go with what the company is saying. they need to pay a big fine, they are going to need to raise that to do it. they are pretty liqui

hans nichols is looking forward to renzi's meeting with the italian president. its rainygle buys start up slicklogin. elliott gotkine has the details. is looking at hunters. >> first, italy's democratic party leader will meet with the italian president in what could be the first steps towards a new government in italy. hans nichols joins us with the details. of last week in italy following this story. what are the first hurdles for moscow renzi? >> perhaps the biggest hurdle is the senate. this happens if president napolitano asks renzi to form a cabinet. that is what we expect. he would be the youngest prime minister in the history of postwar italy.

hans nichols caught up with matt damon.hen he is not playing jason bourne on the big screen, he is raising money for water. >> there are still 780 million people on planet earth who do not have access to water. >> corporations are doing their part, they are getting their? >> we have a number of corporate a bunch, pepsi, ikea, of stepped-up and they have been really great, and they get it. they are taking a proactive role. it will require a lot more than that, obviously. let's first impressions on davos? >> i have been here two hours and i have already heard a beautiful concert. i would have to say that is a good start. take care. >> the talk of the newsroom this morning was the similarities between matt damon and hans nichols. at least that is what hans was wanting to talk about. >> i am sure that is exactly what hans nichols wanted to talk about. correspondent of bloomberg television. i think that would be a good gig for him. >> it would do him great. a lot of celebrities come here and sometimes get a little bit of flack,

we are trying to establish contact with hans nichols.national correspondent we will be back with munich in a few minutes. the irony is technology is letting us down. in the meantime it, some company news. >> it's a shift for the owner who considered selling the company. the diverse range of projects are highways and windfarms. >> europe's largest phone company plans to spend $20 million on a project in its home market. they will unveil the planet at an investor meeting next month. >> and italian suit maker is tearing up their budget. the company is reviewing everything. they make most of its measures which are now more costly. let's have a look at the markets. let's show you what is happening here. last week, some volatility. that is what the markets are delivering it. not very much. we are looking with the ecb has in store for us on thursday. that is the big event of the week. the markets are waiting and marking time, trying to figure what is going to happen next. a real sense among those we have been polling that we will see a signific

hans nichols joins us.>> it is a remote valley, 23 hours -- two to three hours by train. there's one way to make the journey last -- less painful. private is an option that may be getting more affordable. many jets offer speed and convenience in a market that overcharges. are -- you want people to pay the best price. we want to make sure they pay the fair price. >> it is a big difference from irregular flight. you can choose the size of your plane and exactly when you want to leave. >> you will go for a weekend from london. we take your plane on a friday and you come back on a sunday evening. spend three hours traveling from point a to point b. >> you will still need your passport stamped at customs, though the lines are custer -- shorter for privates. is get you closer to the slopes. just a short ride away in your executive limousine. what about that budget price? and we can make it for four people. .8,000 for flying private hans nichols, bloomberg, geneva international airport. .> he is here now he is def

the co-ceo spoke to hans nichols.ed that we would get one step ahead and pre-position ourselves with a capital buffer, which would put us in a very strong position. why $8cond question was, billion? a ratio of $9.5 billion. we think this gives us a very healthy buffer against any of the headwinds. >> let's get more on deutsche bank. good morning, thank you for joining us. >> good morning. >> otooto, let's start with deutsche bank. do you think this is it? are we done and dusted? >> deutsche bank has a history of coming back for more. --anshu it is certainly jain said it puts them at the higher end of their peer group. it addresses the capital issues that the market had identified for the bank. medium to long term, i would say there remain a few issues. leverage issue is one really pressing constraint for deutsche bank. that is still at the low end. 2.5%. that oncely, i think the whole basil three implementation is done and could talkbal banks about 15% on a common and woodie tier one ratio -- equity tier one ratio. wh

hans nichols, bloomberg, berlin. looks a bit chilly. hans nichols joins us now.ome? that you jump off the side. >> that is one outcome. the trend for different protocols. one thing that is interesting about the software, most of the major oil companies use it. everyone has different amounts of training that they want their people to use. is an oil rig blows up, i'm going to jump off it. regardless of where i work. i'm sure you would stay and put out the fire and be a hero. train one.now the you are the one who remains behind. you have received this training. in the event of a fire, hans nichols is now our man. our international correspondent and now firewarden. the germans and the french are watching google carefully. development on that story as well. >> decomposition minister speaking -- the competition minister speaking in brussels. it is clear that google is not going to get this four-year investigation into the antitrust practices starting in 2010 result. -- resolved. to a going to be a closer fine. it might get done in the next commission. the longer this d

hans nichols called his bluff.ck search, if you are not playing game theory and you are not playing poker and not bluffing, was a game are you playing? what game can you ensure voters you are not playing? >> i've not played monopoly with fake money but genuine money. [laughter] let me answer your question. unfortunately, i've had a pass as an academic of studying game theory. one of the things i have written in a recent article that i have told my students is that game theory is based on unrealistic assumption that players are fixed and are all selfish. i do not believe that anyone's version is fixed and is selfish. i think we are perfectly capable of rising above our narrow perspective and rising above the perspective of your. what does a bluff amine? poker you have a seven and you pretend like you have an ace. what web been saying steadfastly is we want an honorable settlement we want to watch together these principles the principles of the program that have to be respected and principles of a government that cha

i will get -- hans nichols. i will get my revenge on hans nichols.tland andure to why do we care what rbs are saying? poundave 14 billion exposure overall. ds as an exposure of 1.3 billion pounds. aberdeen asset management have 2000 employees so this whole 's being possibly transferred and downsized, the potential economic cost of one billion pounds -- that is gone, for now. you -- doeses leave it work for a generation? listen to the speech. i spoke to caroline hyde earlier, they are doing a deal and spending 7.4 billion euros. 7 billion on a credit line and they are buying concorde which is an expensive in the cloud. are they paying too much? they're down 3% and not lifting the market. manus cranny walking you through the market reaction. let's talk headlines. referendum was voted no on a knife edge. 55% supported the no campaign. >> as we bring scotland together let us not well on the distance we have fallen short. let's dwell on the distance we have traveled and have confidence that the movement is abroad in scotland double take this nation forwar

const nichols: -- hans nichols: what will the numbers be? we will see and go for it. lot of heavy lifting to be done. we do not want to discount the optimism from all sides. it is the first time since february since we have seen it. >> it seems like there is more optimism than last week. the european commission said that, when reforms are agreed on, they can discuss greek debt. it is an interesting, he -- interesting caveat. hans nichols: the eurogroup statement was, with the third package, you can always discuss the idea of debt reduction and germany signaled they wanted to do this. they need to pass a current plan and finish it. then, germany would be open to discussing a debt breakdown. anna edwards: thank you very much. thank you for bringing us the latest. it is eight minutes past 7:00. let's go to the macro economy. the pmi is due out later. the head of macro strategy is still with us. david powell joins us for a look ahead. what are we expecting to see later with the numbers? we talked about lots of momentum in the economy. are we going to see that in the new n

nichols, thank you. hans nichols in washington. hour, and shaking this billionaire entrepreneur elon musk. .ell, he is looking for a site he has found a site for another part of his business, with his spacex building a commercial texas.ad in florida, georgia, and puerto rico also competed for the site. inn musk founded spacex 2002. texas says the brownsville facility will create 300 jobs and inject $85 million into the economy. coming up, searching for diversity in silicon valley -- we will talk with jesse jackson who has called on tech companies to be more open about their employment numbers. and bernie ecclestone has found a way to end a bribery trial. what is he doing? he is offering to write a big check. ♪ >> first. bloomberg. today bloomberg's big number -- how much formula one chief bernie ecclestone has offered to pay for a -- to settle a corruption case. bernie ecclestone has been on trial since april on allegations that he bribed a former risk he did notensure oppose the sale. settlementestone's

nichols is very happy. hans nichols in berlin, thank you. see the s&p 500 is lower for the sixth session in seven. betty: less money these days has people losing a bit. we are at three-week lows and headed a bit lower. we are not sure what is going on but we are taking a leg lower in the dow, down by 163 points. abigail doolittle has more live from the nasdaq. abigail: shares are trading lower at the nasdaq. let's have a look at a stock trading higher. j.d..com reported final numbers for its single day with a tweet, saying orders were up 132% to 32 million. gross merchandise volume was over. the company even emphasized all the strength using the hash tag accekkeration." even with the straight modeling perhaps this discrepancy will help break the stock out of its rains it has been trading in since its ipo. -- net easeripped has reported better than reported results. the strength was driven by mobile games. berkeley -- shares are now trading at a record high. betty: one of the big gainers. abigail, thank you so much, abigail doolittle live at

hans nichols.uy: he brings his -- [indiscernible] francine: that brings us to the twitter question, the first of june, will greece still be in the euro after the end of june? you can tweak us. -- tweet us. happy first of june. guy: when are you leaving? [laughter] hans: not soon enough. guy: in china where official pmi numbers have showed factory numbers rose last month. let's get more ways chief asian economic correspondent. the view from hong kong what are they seeing? what does the data tell us? reporter: good morning. maybe a bit of good news for one. a can't of things stabilizing like you said, has not gotten worse and economists are saying maybe the central bank is taking the steps along with the government is starting to work and help factories. we know in the bigger picture is still in china and economy is slowing, a lot of overhang can overcapacity in a real estate and exports are sluggish. the current is week against the yean. -- weak against the yen. no signs of a dresser turnaround yet.

manus cranny, hans nichols.ua will have to pair with them throughout the morning on bloomberg. you want to talk, i am on twitter. stock down across europe. a beautiful day in the city of london. best of luck for the rest of yours. ♪ francine: a deflation fear. another slow down and chinese factory gate figures. growing speculation that the pboc will act soon to ease monetary policy. manus: jpmorgan mrs. ann says trading pain is not over yet. bank earning season begins. francine: clinton goes on the offensive as the first democratic debate white house race. ♪ welcome to the polls. live from bloomberg's

hans nichols is there with another ceo.he most important ceo of the day, but one of the more interesting ones. i am joined by peugeot's carlos tavares. we have done a lot of ceos. is there light at the end of the tunnel? >> yes. we are starting to see the light at the end of the tunnel. in our turnaround plans and we are back in the race plans. stopped the turn of the company and we are back to a profitable situation. of course, the work is not finished. but we are on our way. from today come a we want to express confidence. confidence in the future. we are pretty sure that we are going to drive this thing around. positive cash flows this year or are you already there? >> for the first six months of the year, the cash flow was 1.5 billion euros positive. the profitable area for the operating cost of the company. we are back in black, which is very important. of 2014the first half against the first half of 2013 and that is the big encouragement for our people. management, it shows that we are moving in the right direction. o

hans nichols, our international correspondent.ws all about property in ireland, especially the northern part. >> if you just go over the border, it is phenomenal. homes have two or three -- if you didn't have two or three homes and property, you are nothing and nobody. are they investing in the property market? >> what are the single biggest moves that i've seen from a group of people is in commercial real estate. putting together funds that were bad to stressed assets. lot of my friends that run businesses there have reorganize themselves with the banks and renegotiated the value of the gazillion dollar warehouse is that they had. there are many property bubbles around dublin, even the area where i come from, there's a little stretch, an area where prices are on the upswing. in the end, it comes down to location. based outt is already and is gone. for a holidayrket home, myself. equity markets in europe have been rising for seven straight weeks. in august 2012 they rose for 11 or 12 straight weeks. paris is just a shade lower. th

hans nichols, thank you very much.y not quite as populous as the retail numbers in the u.k. keep your eye on it. up next, we are turning our attention to china. the boss for his view. ♪ when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. francine: welcome back to "on the move." 30 minutes into the trading day where to check in on how the currencies are currently doing it -- doing. retail is driving high. up .9%. mitchell doing very good -- doing there -- metro doing very well. retailers and autos leading the charts. individual stock stores, given on nejra cehic. starting -- nejra: starting with morrison's. the best former on the stoxx 600. shares have risen the most

hans nichols is there. a fast-moving story and clearly developments taking place almost on a minute by minute basis. take a step back for us. talk about the reaction in france and how the political establishment is reacting. >> from marine le pen we have that comment on twitter calling for the reintroduction of the death penalty here in france. that is one of the main political questions being asked this morning, what is next? how does france unwrap this and come out of this situation? even while the manhunt is still very much on, there's some sirens in the background i don't think those are related to what we are reporting on here. have a little patience with me. the manhunt continues. this morning, there is the cabinet meeting presided over by president hollande. at the same time, the prime minister mr. valls says there is a very real fear of additional attacks. we know that potentially seven suspects were taken into custody overnight. we are waiting for more confirmation. crucially, waiting to find out i

mike nichols passed away yesterday at the age of 83.ichols was best known for "the graduate," he turned his head back to politics. >> i'm going to need you for a second. my loyalty --for 24 years people have been trying to kill me! do you think it's because my dad was a greek soda pop maker, or because i'm an american spy? go --yourself, you -- child. >> you could not tell me, so i don't know. hello richard? what the -- kind of operation do we have here? [indiscernible] >> you just threw the phone out the window. >> stop the car. >> a lot of profanity from polished performers based in powerful post there. which of those two movies do you like moore, "primary colors" or "charlie wilson's war"? >> i like them both, but i liked "primary colors." travolta got as close as possible. >> he was fantastic. the movie has been underappreciated for a long time. fabulous performance by travolta. "charlie wilson's war" was really something, the last movie that mike nichols made. just for that performance by philip seymour hoffman alone, the movie wil

let's get to hans nichols's come alive in paris. -- hans nichols, live in paris. >> is that determinatione french community we want to get at. thank you for joining us. we had a remarkable moment, the moment of silence. tell us how it is being perceived in the business community. >> most of the companies observed this moment of silence huge huge companies. -- moment of a silence. huge's companies. in many companies, ceos delivered a speech. to remember to the employees that we are united. we feel this is a big shock for all and each of us. we share the same feeling of that something very important just happened. the business community is like the whole french community in the situation. >> france is divided politically. is this going to bring everyone together? >> maybe. this is very what important what happens. it reminds to each of us what france means. what france stands for. we are in a shock because the terror attack was an attack to freedom freedom of speech freedom of thinking. suddenly we remember we are very attached to these core values of our country. it may have an impact on p

hans nichols is in berlin with more. how bad is this?vernment official has said this is a new low point between allies. lowo one disputes it is a point, how far do you have to go back to get to an even lower point? thetime maybe right after cold war there was some difficulty. this is a remarkable low point. really, it is angela merkel expressing her frustration that a, she cannot get agrimmett with the americans. this activity continues. here's a quote from wolfgang minister. the finance "with so much stupidity, you can only weep." their take on what the u.s. is doing to the relationship. >> the intelligence i suspect everybody wants from germany is what formation is a play this weekend. it will be an attacking formation. a great deal of speculation in the press that germany will continue its attacking ways. they have had this remarkable team that in some ways is not a traditional, holdback german team. we did take a look at the economy as argentina and brazil -- argentina and germany, look at the differences on football and look at gdp

let's go to hans nichols and berlin. act right to get away with this? hans: we know this had been in place from 2009 to 2015. they have now said you can no longer buy diesel vehicles in the states for 2015. is down anywhere from 14-15%. we have the ceo in crisis mode. which hasallegations referred it to the justice department. installedthey have devices on their cars to cheat the auto emission standards. limit.0 times the legal on itou have that device opens up the throttle and that's what is fun. it just so happens it did not meet emissions standards. here is the quote from over the weekend, he said i am personally sorry that we have broken the trust of our customers and we withcooperate fully transparency and urgency to clearly, openly and completely establish all the facts in this are the cars effected. beatle, and audi a3. 26% of their july sales were models.l the criticism is that he has not gone electric fast enough and has not done enough for the u.s. market. commentary int of the german press saying, maybe european regulators could be looking at

people nichols has the product -- highest price.from other skeptics is the vehicles are not as compelling as might have been priced in. reservation payments are not the best gauge of demand because they are influenced by vehicle makes an is tradition. the issue, perhaps, is a lack of demand, and tesla appears to be pulling back on production according to bank of america. mark: i have to ask about the china reference. there was concern the chinese discharging might be -- that charging might be difficult and china. scarlet: yes, and that has led to a drop off. mark: thank you. get the latest headlines on bloomberg radio and streaming on your tablet and bloomberg.com. that does it for this edition of "bottom line." "street smart" with my colleague trish regan is next. i will see you on tuesday. ♪ trish: welcome, everyone, to the most important hour of the session. i am trish regan. this is "street smart." investors are buying corporate dealmaking and more weights to the next chapter of greece's negotiations. we will hear from said chai

over to hans nichols.xpecting a very steep plunge but this is exacerbated by the restrictions. hans: friends saying, it may be exacerbated but we do not quite know yet. you can see behind me nothing but a read. i am in the athens stock exchange. the most important question and data point is what will the market close at? the restrictions may be impeding the actual pricing. we need to wait. we have been talking to various of market participants and we have to wait for the other day in to see how far things are down. the aggregate exchange is down. many of the banks hit 30% drop limit within the first four or five minutes of trading. in some ways come the main number i'm focused on is the pmi number all the way down at 30%. the expectations was 40%. we know greece is in recession but we do not know how much. these numbers are not good indicate greece may have a much deeper economic hold to dig out off. in terms of investors and get accurate pricing. it is the story of the day and in a few minutes, we will sp

hans nichols at the paris auto show.news on property. >> we have been talking about german ipos. ipo. talk about a dubai sinceggest ipo in dubai 2007. in its first day of trading in dubai, shares up 17%. was 2.90.ice it has risen to 3.5. a great success. by 17% to read the biggest ipo in dubai in seven years. >> four minutes in. i went to the mall. i got lost. hashis is a company which -- ipos. they are going to 25% of the company. about 150 million pounds in terms of proceeds once they have ipo to. -- ipoed. that is the top line news. they are going to repay 50 allion pounds for manchester's treasury. >> that has to do with virgin money taking control of northern rock in 2011. people set to have a payday. >> what's talk about the ecb which meets in naples twice a year. frankfurt. setting up store in naples. you are going to tell us things about naples, anna. we are not going to talk about address rates because we know they are almost zero. interest rates do not matter. what matters is that asset purchasing program. aghi

hans nichols paid a visit to find out more.little town on a waterway, built for one company, volkswagen. everywhere you look, you see a v and w. with an average income of 92,000 euros per person, this is one of germany's richest cities. the company employs 70,000 of the inhabitants, more than half. that's why the scandal with volkswagen is more than just a passing headline. build by the nazis in the 1930's to make the original people's car, the factory is today the biggest in europe with its own power plants. the company owns and brands the local soccer club which climbed to the top of the tables and one bank -- and won this year. the city's art museum was financed by the looks like an foundation. -- the volkswagen foundation. the main attraction is a theme park that the company built for 400 million euros. with a 4.9% unemployment rate, the question for this city is whether or not this main entrance will continue to be a two-way street or just an exit for workers. hans nichols, bloomberg, volksberg, germany. francine: as the c

thank you very much indeed, hans nichols joining us from berlin.ine, you well know our bayerer -- let's go from to buffet. >> warren buffett's annual shareholder meeting is this weekend and thousands will dissent on omaha, nebraska for the woodstock of capitalism. ryan morris will be one of the investors there. the 29-year-old started when he was just a child. >> my name is ryan morris. i am 29. i am managing about $15 million. warren said that he lives like he makes $150,000 a year. except for the private jet. before the berkshire meeting, we will pay our respect to the great churcher of realities. the four of us flew to kansas which was cheaper than omaha. we got the cheapest rental cars that we could find to drive and state in the crappy asked hotel i have ever been in. you go to these events where they have free drink and food. we got it down to $48 a night for the four of us in the busiest weekend of the year in omaha. idea years old i had this that i wanted to change the world through science. my father introduced this idea to me that even if

hans nichols is back. what you need to know about what is going to happen and the rest of the day. the main event will be happening on capitol hill. brady dougan facing the full force. we have a little of what we expect him to say. basically, their argument is going to be that members of the bank, employees, went to great lengths to hide their own conduct from their supervisors. so, this will open the question -- both of the senators will be leading question and. senator levin and senator mccain, they're going to challenge brady dougan on what kind of culture is at the bank. how could a culture allow people to fly over on tourist visas and then do business to try to help americans avoid taxes? it will be a bloody day on capitol hill. had a little further south. hillary clinton looking for a tan. >> everything hillary clinton does is seen through the prism of 2016. i apologize as an american on behalf of this. already talking about 2016. i wish we could wait a little longer, but whatever she says is scrutin

hans have are own nichols.he biggest italian visit this -- we will have a cover station with one of the biggest italian businessman. i want to ask him about the italian politics. a discounthas because he is an italian company. visionl that change his and what he can do? whether he will have to get more foreign investors? >> equity markets and bond markets are remarkably unmoved by all of what we have seen happening in rome. >> another day, another italian government. >> you can say that. --'s talk about the beers de beers. >> they are part of anglo-american. we are talking to the ceo later. messaging.ry, about focus.ll be our tech we talk about anglo-american as well. those will be our main stock movers. >> much to look forward to on ' "on the move." has resigned in italy. we are joined by hans nichols in rome. >> good morning to you, mark. we are joined by a political risk analysis to -- analyst. he will walk us through what the risks are. -- tell us, what are the next 24 or 48 hours like for matteo renzi? i b

hans nichols is also here today as well. that is his twitter at hans nichols.ll take a break and see you in a moment. ♪ >> welcome back. you are watching "the pulse echo we have numbers out from the u.k.. as is the lowest level the we've seen for inflation in the u.k. since 2000. >> this is a huge and important number. you can see that the chancellor will have to write a letter to the chancellor. -- the governor will have to write a letter to the chancellor. it's actually that are than expected. we were expecting different. the non-core is below estimates. >> is likely going to be further affected by the january numbers. david tinsley is still with us. your thoughts on that? >> it's going to go lower. if you throw in the petro price you could get a negative print on year on year cpi. it's not come down as much, nonetheless it's a long way short of two. this is great news for the u.k. this is consumer positive. >> what does it mean for wage growth? >> what -- consumers can demand more wage growth and still buy more stuff. you were going to see wage growth to an

hans nichols have the very latest from brussels.ng $18 billion in deals with french companies. it is important for france. their trade is behind germany. we have the very latest. france really rolled out the red carpet last night. >> they certainly dead. this is the culmination in a couple of years of policy that the call economic diplomacy. i want to give you an idea of what they have done. there were 33 separate countries missions to in asia and it was all about trade. 13 inompares with only the perceiving two years of the government. there really has been an important goal for the government of francois hollande. frenche hosting companies and they have been talking about the importance of rebalancing the relationship between france and china. china is invested. there is only one percent of all foreign direct investments. they were saying that they were the eighth biggest investor in france and they have to aim to do that. , there are 70ls planes sold by airbus to china. there is a deal with a nuclear power constructor to recycle

jon: i just know that the hans nichols family are saving some money.eadingnister cameron to your city to speak with angela merkel in germany. i wonder how this plays out and who has got the leverage. program,lier on the toid bloom broke your move new york from london. i think you may have broke my move. hamburg.s going to it is such a trade-dependent city. it is really the best place in germany for cameron to find a pro-european and pro-british sort of audience. his challenge is how to convince the french on banking rules, how to convince eastern europeans. in terms of just finding a friendly audience, hamburg is the friendliest place you can find in germany. jon: hans nichols, thank you very much. joining us from berlin, about to go to hamburg. christian schulz, citigroup director of european economics, is with us. i just asked who has the leverage, because i'm not convinced that they are really taken by the negotiations with prime minister cameron and the rest of europe. it is not much for renegotiation at all, is it? christian: i think the reform de

hans nichols joins us from berlin. there are a few losers here. >> the swiss company also interested in buying d resser-rand is seeing shares under pressure this morning. this is a simple story. siemens wants a piece of the shale boom in the u.s.. they buy dresser-rand. it is up 35% since the summer. siemens gets this bit of energy assets. they did not get alstom in france, that is going to g -- ge. bothave siemens and ge buying up sectors of the energy sector. start extracting oil, you have to service those machines. that is a long-term contract. it spins off a lot of cash. >> shedding assets as well. siemens is getting out of the joint venture with wash -- bosch. this is household appliances. we saw a similar story with ge last week. you basically have siemens and ridearing down and getting of consumer products and focusing on the energy sector. they believe that is their future. >> hans nichols, thank you very much indeed. the u.k. labour party is getting to work. , this ofl conference course the last conference bef

to brian nichols.a conscious choice so that you wanted to do something different to show the wide range of your appetite and skills? david: playing different kinds of roles for me is always conscious. but especially having played a role like dr. king, i had the best time playing him. it was an honor and it is something i am glad to be associated with the rest of my life. what you don't want is to be associated purely with one character for the rest of your career. therefore, the way to do that is to bring the changes so the audience is left guessing. charlie: this is a cold killer. what do you want to make sure you've got about brian nichols? david: it was a fine line. you want both things, the cold killer and the human being. no one of us is just the one thing. when you look at the headlines, when you look at that day on march 11, 2005, and watch the footage of him on the news, he is a monster. he is a man on a tear, killing people. charlie: for no apparent reason. i have not read the book. the woman

hans nichols is on that list.ports on one company using materials that even the top racers can't afford. >> made by hand. or a special kind of customer. they employee unusual methods. even more unusual materials. breaking from mass production aterials like aluminum and fiberglass, they use rubbers dwranite from the nearby mountain. materials too expensive even for top level racing. >> we want to work with the best available materials. as we started, we knew there would bonl a -- niche. >> high prices indeed. these special edition skis cost $10,000. down the line, the collection is just a little less expensive, but they are targeting a discerning skier. someone who can afford the high pricing and also appreciate their kind of craftsmanship. one look into the locker room shows where their passions lie. they think it gives them a cutting edge. take this press. one of only six in the whole world. it was especially designed so that each individual ski can be adjusted to within .001 of a mill meter. the founder talked o

wasans nichols' report outstanding.es back to argentina, we will continue to follow that. weead of level economics, will talk about the fed and udp. directly to argentina with even harris. we have vincent reinhart from morgan stanley, after fed meeting and after charles plosser's dissent. a 4% american economy. formally with craft international, this guy resurrected oreos in china. one of the great brand managers in the world. looking forward to it. hans, thanks. -- tom andmixing up hans. looking forward to the show. group fell.est we just sat down with the company's chief executive, this is what he had to say about the default situation in argentina. >> we expected this, i am sorry to say. our operations have been fully depreciated. they're basically written off. it is a sad situation in argentina. we believe this is going to go on for some time. -contained, argentinian base. are completely self sustained in argentina. it is now i totally regulated system. we do not see a particular impact on us. weis time for argentin

hans nichols.to talk about this. >> i have been avoiding talking about the details of this ad campaign all morning. we are going to jump into it, this is h&m's attempt to increase their 10% market share, the revenue that comes from the states. they are going big with david beckham. torre 12, they had a big hit that went viral. the question is, how did they monetize office and get people from saying that is a neat ad to actually buy the underwear he is selling? an opportunity through samsung tv to purchase directly from your tv. i have never made a purchase like that, that is their goal. that is what they are heading into. they reported earnings this morning, disappointing in part because they are overly weighted on the european market. european sales down a little bit. they are dealing with currency fluctuation. they went to go to the u.s. and to china. this is part of their ad campaign to get there. >> guy? [laughter] >> guy is lost for words. >> you want me to pick this up? david beckham in his u

once nichols reports. our correspondent hans nichols reports. >> step into your own fairytale.350,000 euros. scaling a castle wall is a lot easier when someone isn't pouring hot oil on you. if you take ownership of it, that is when the real obstacles begin. inside, you may find more brothers grimm for the disney fantasy. the ruins may seem medieval, but the problems are very modern. the challenge of selling this 56,000 square meter stronghold located outside of berlin falls to the local municipality. the mayor has traveled as far as dubai to pitch buyers. but the argan sticker price has a catch. >> investments in this castle depends on the renovation costs between 3 million and 6 million. >> under communist rule in the old east germany, castles and manor houses were left to rot. their shells. the countryside. many are for sale by cash strapped authorities. >> as a residence for one family, it is a little big. for a five star luxury hotel, a little too small. something in between is exactly the right thing for this castle. >> this is the dining room. harvest banquet or hunters f

hans nichols was on this story.r politicians like angela merkel can convince their populations in certain places that migration is good for the economy. we had an oecd person saying migrants accounted for 70% in europe of the workforce over the past 10 years. the oecd arguing it can fill niches in fast-growing and declining sectors. is migration good for the european economy? that is it for "the pulse," stay tuned for "surveillance," coming up next, live from new york. see you tomorrow, everyone. ♪ announcer: this is "bloomberg surveillance." tom: this morning, u.s. equity futures signal a retest of august lows. data,dds on weak economic this chinese stock market the sense we receive key economic data this september 1. lower and slower. morgan stanley looks for minimal inflation. they agreed to disagree with the vice-chairman. this is "bloomberg surveillance ," live from our world headquarters in new york. what an august it was. i'm tom keene. join to me, vonnie quinn. direct from jackson hole, the former governor o

thank you very much to hans nichols and ian robinson. have plenty more exciting interviews coming up. anna: coming up on the program we are going to tackle some other stories as well as a car show. europe's migrant crisis being one of them. begins to seal its borders as european leaders fail to meet an agreement regarding sheltering refugees. a state of crisis is being considered that would allow the use of troops along its borders. we will have more details on that developing story when we come back. ♪ guy: it is 6:30 a.m. in london, 7:30 a.m. in brussels in frankfurt. let me tell you about the stories you need to know about this way. anna: japan's central bank has left monetary policy unchanged. japanese policymakers said the economy is continuing to grow at a moderate pace and that the current easing is having the intended effect. malcolm turnbull has been sworn in as australia's six prime minister eight years aft he ousted tony abbott following a leadership council. he has pledged to revitalize the austrian economy. brazilian finance

hans nichols is in berlin.t germanis is companies, european companies will try to use these revelations by edward snowden to promote, to leverage, to seek some sort of advantage in the cloud business. as it all becomes more integrated and heads for the cloud, everyone is seeking the advantage, everyone is seeking market share. here is the actual allegation. he really brings it home to a german company. informationhere is in siemens that is beneficial to u.s. national interests, even if it does not have anything to do with national security, then they will take that information, nevertheless. it was a six-hour interview. it has been played on german tv numerous times throughout the morning. they're playing snippets of it. it is interesting that he chose siemens. from siemens tomorrow. we will be listening to see on the conference call whether or not siemens has asked about this allegation. the next side of the story as to what extent will german companies, european companies publicly expressed concern that some

let's turn our attention to hans nichols. before we go into the details of the politics, george osborne here making comments very, very strong comments where he say the eurozone means the foot of the bill for greek aid. and a nonstarter for the u.k. to help with greek aid. the voice from the u.k. and a down to where will the aid come from and the financer need to be politics first? hans: the question to mr. osborne was not specific on the bridge or the overall 86 billion euros. is there way, fly in the ointment. we heard finance minister after finance minister saying certain how that they will solve the bridge financing riddle. you may have actual ious and some sort of credit offering. very unclear how they will solve this. do not expect a deal before tuesday. the challenges wednesday, 3.5 billion euros do. if you do not pay a with the bridge financing, the range of 6 billion euros you could have problems. yesterday mr. dusselbloem was talk about the challenges of the package and what we will need to do. it looks like it coul

hans nichols is back what -- with what you need to know. street" comes out christmas day. >> my question on wall street is what is the most over quoted movie on trading floors -- "greed is good" or something shack"?ddy guy, i don't know one -- what your favorite lines are. >> a theme that probably runs through the whole thing as well. >> trading places is good, never thought of that one. moncler, gaining 42% at the open. >> it obviously popped. good numbers for them. i think to watch for the trading day, later on in the u.s., the house of representatives and senate will be voting on a budget deal. does nothing on the debt ceiling. there will be a lot of backpacking in washington but don't take it too seriously. >> thank you. we are back in two. ♪ house will become a divided senate in 2014. gridlock ships on capitol hill. will the fed meeting be ben bernanke's last as chairman? lackberry, nokia, scarlet bottom all. good morning, everyone, we are "bloomberg surveillance" live, it is monday, december 16. scarlet fu and michael mckee is joining

manus: hans nichols joins us from berlin. still a lot of ground to cover to restore confidence in the brand. hans: and they also need to regain market share not just in europe, but in the states. sales numbers for december down 9.1% in the states. they still don't have a fix to those 482,000 vehicles. we had an interview with him last night. said about mr. diess the differences between eu and u.s. regulators. >> we have different technologies. we have several models involved. there will be some cars where the fix will be a software update. there will be cars where we have to intervene in the hardware. comparable to the situation in europe, but not fully the same situation. a bit of news in that lawsuit filed on behalf of the epa for $80 million in damages, they still don't have an agreement on how to move forward. vw presented a new emission-free vehicle. will you be buying one? hans: it's all electric. that means you can only play your early bob dylan, before he went electric, when you are riding around in this hippie bus, a