sanofi's president of global research and development. coming up, the latest twist to world'scapture of the most wanted drug kingpin. did sean penn help capture el chapo or did he help him? -- manyill look out why hedge funds are struggling and closing down. ♪ betty: welcome back. this is "bloomberg markets." to europe where bloomberg's mark barton is seeing stocks rebounding after the worst week in more than four years. mark, it looks like you are still struggling with those gains. high .5%., we are of let's put it in perspective. asia and markets sank today. a daily decline to nearly 15%. betty, aside from the fact that we -- the fact that we diverged from china could mean something. do not forget that the euro stocks diverged in a big, big decline, 6% of decline. the fact that we are rising, betty, when asia fell, that has to stand for something, doesn't it? betty: right, and we have a lot ahead for us in the 11:00, right? mark: we do, betty. drew armstrong will be discussing today's moves. european equities, but short the wider europe

german confidence numbers, sanofi in the pharma group, total up, deutsche bank is up. airbus is up.n banks are down. jpmorgan said italian banks are having trouble because low interest rates will put pressure on their revenue. in the u.s., over the weekend the whole complaint was we can't figure out what the market is doing, bob. wednesday we're down 4006789 thursday, up 300. friday down 400. today almost 250, not quite. haven't gotten there yet. a lot of people unable to figure out how to hedge themselves in the market. i heard a lot of talk that i'm staying on the sidelines until i see a trend. commodities are volatile, stocks are volatile, bonds are volatile. the bulls were shell-shocked over the weekend. oversold. we're not in recession, bob. a great story about the growth of the new chicken littles out there. everybody predicting the end of the world, but nice to see financials. bank of america good report, morgan stanley decent report. most of the banks are fractionally on the upside. bank of america fractional yeah down now. overall good numbers here. bank of america, still t