. >> can you paint a picture for the audience about what the digital future looks like for fintech? is that as i said before, because customers and because it hasn't rocked your world, because customers don't find it that exciting, we think there's not a "b" to "c" fintech future with thousands of these different things people don't have the time what we've been talking about for the last three years, is everything coming back together in a new set of banking providers. but not banking as we know it today. but banking where it solves the problems you got so we talk about our first service cash finder. finding cash you didn't know you had. a lot of people are tight at end of the month we help you figure out how you can make those end of months loser. >> big data? >> using big data and ai to let you know where you are and identify if you could save money on bills, identifying extra money to earn through extra jobs all those things wouldn't be seen by the banks as part of their job. they don't see their job as making you better off. >> is that where you think you get your competitive e

>> the secular growth stories for the fintech space are as strong as ever.eing driven by the rise of digital payments and systems digitizing. but if you look at the macro cyclical outlook, we feel like things have changed. it is a different world and we decided to get more cautious. so we took down the volume growth estimates a few percent and we are not anticipating a severe slow down. given what we have been seeing without stocks are trading, like cyclical stocks given the fed the benefits we had this past year, we feel like the outlook from a macro standpoint has gotten cloudier. so we decided to get more conservative for the 2019 volume growth. taylor: talk to me about specific companies you are getting more conservative on. yesterday we heard from microsoft, who said holiday sales were up 10% year-over-year. how does that factor into your analysis for 2019 in terms of the specific companies you are worried about? >> to be clear, fourth quarter we did not change anything. so far, the spending trends have been solid. back two years ago, saw 2016 and into

next year that's a very different space, whether it's from a regulatory perspective or the fintech sidehat >> i hope to launch it in march and april of next year >> have you seen strong demand in the early stages of that launch >> at the moment we have 100,000 people without marketing >> another question on techtackizatitechtac tech taxation, another issue that has popped up this past year how do you think about the european taxation now in expanding your business and do you look at it as a possible headwind in expansion for other tech companies >> i don't have an opinion on it, i haven't looked at this problem. >> final question for you then, how do you think 2019 is going to shape up for you in terms of possibilities and where you're looking for further expansion areas? >> we are looking to expand in canada, japan, india, latin america. next year will be the year of expansion. what do you think your biggest threat to the business is? >> banks >> okay. thank you very much for joining us on "street signs. nikolay storonsky. >>> a quick look at european markets before we head out, it's b

we see about 20% upside in paypal we like the whole fintech space. >> i see that. yes. mary anne. thank you for joining us. >> thank you. >> and to read more about her picks you can head to our website. >> coming up, dialing up the heat, a hot start-up that wants toeep your coffee steaming >>> here a look at what to watch for next ke. on monday, we'll find out if auto sales got a lift from early holiday promotions. on thursday, numbers ofpec may face the biggest test when they meet to discuss oil production policy. and on friday, the government releases the monthly employment report, a release that thayfed will beg a lot of attention to. that's what to watch for next week. >>> the pris of iceberg lettuce is soaring, according to thert dent of agriculture, a carten of the popular salad r ingrediee as much as 165% in a week after roe main lettuce was pulled bus the e. coli outbreak. the demand for iceberg couplewood the light supply led to the surge and the price of other lettuces followed a similar pattern. >>t seems everything is going high tech, cars, homes even toysw you can add

and if you look at other areas, you know, asset management, pension funds, fintech developments, thosehere i am not sure that we have the same, the same added security that we have developed in relation to the banking sector. now, there are other numbers that are much more worrying. when you look at debt, the weight of debt on corporate sovereign and household has gone up by virtue of the stimulus and the indebtedness that had to develop as response to the crisis. david: now when the euro was created, it was thought by some at the time that it might become a reserve currency. why do you think it really has not? christine: i think because the job is highly unfinished. it is very advanced, and the i think the great financial crisis has moved the euro and its institutions in the direction of consolidating. you know, with a stronger backstop, with a stronger set of institutions, and with more unity amongst the 19 members of the euro area. but the job is not finished yet. the banking union is not yet completed. and there is still too much uncertainty in the fiscal policies that should be co

and if you look at other areas, you know, asset management, pension funds, fintech developments, thosere areas where i am not sure that we have the same, the same added security that we have developed in relation to the banking sector. now, there are other numbers that are much more worrying. when you look at debt, the weight of debt on corporate sovereign and household has gone up by virtue of the stimulus and the indebtedness that had to develop as response to the crisis. david: now when the euro was created, it was thought by some at the time that it might become a reserve currency. why do you think it really has not? christine: i think because the job is highly unfinished. it is very advanced, and i think the great financial crisis has moved the euro and its institutions in the direction of consolidating. you know, with a stronger backstop, with a stronger set of institutions, and with more unity amongst the 19 members of the euro area. but the job is not finished yet. the banking union is not yet completed. and there is still too much uncertainty in the fiscal policies that should

that is 90 minutes or more spent banking, fintech, giving us access to information, allowing us to panplan travel and get around town, allowing us to learn and share information, to be entertained. it does serve virtually every corner of our lives. you could argue, is it too much. you could also argue it gives us this democratized access that we didn't have before mobile apps. brad: we are ending the year here with the sense that facebook is in trouble. yet in your report here, four of the top five apps downloaded were facebook, messenger, whatsapp, and instagram. what do you take from that? danielle: habits are hard to break. it's about the fact that convenience trump's everything. when you have -- convenience trumps everything. when you have the of duty to reach your primary circle, extended circle, -- the ability to reach your primary circle, your extended circle -- whatsapp is the dominant messaging platform. the fact of the matter is there is room for new opportunities and new challengers. you look at tiktok, which is more about these short form videos that are ultimately embedded

>> it became a fintech hub for a lot of financial companies.nia, because of, i think, digitalization, right? so, i mean, the central-bank there is very tech friendly. that is why we decided to apply lithok the lamia -- to uania for the central bank. emily: this need to have more opportunity, but it also means you have more risk. and you will potentially need to hold a lot more capital. couldn't that limit your growth? customers comeur for other banking products. we decided that we need to get -- so we applied. for the customers, it means 100,000 euro protections on their accounts, debits, and other products. trading, and so on. emily: to what extent do you think your growth has been due to a decision to appeal to the crypto community? nik: well, so we launched a cryptocurrency in december. there was a huge jump in the number of users. but at the moment cryptocurrency was 5% of our business. so, i don't think it's actually as significant to user growth numbers. emily: you have got plans to launch in the united states. 100,000 people on the waiti

advanceds to get fintech, and a lot of these sectors are driven by the private economy.to advance. that will be key in the months ahead, as well. matt: that is an interesting take. we have this mliv question of the day, which is for asset managers, analysts, advisers. it was what assets will move most on china reforms? since you are an economist, i thought i would twist that around and ask you, what areas does china -- where does china need investment most in order to progress? i have always argued that china has been good at heart power so far, financial economic power into where it is necessary. what is most difficult is exercising softer power. intellectual property, development of a legal system, that will take time and maturity. for assets, china is now investing more outward than receiving forward direct investment internally. what china invests outward will be important, not only for the u.s.. u.s. -- europe is important for emerging markets. corporate's need to consider what it china is investing outward now. see: this is where you things different in the next 10

>> i'm looking for pharmaceuticals, always my favorite, and some other companies like the fintech.h some of the big names may not go public soon, but we still believe there will be some that comeompanies out. even some of the high-tech companies may come out. yvonne: always great to have you. hong kong getting that number one spot again when it comes to ipos this year. coming up, india showing signs of recovery from a cash crunch. rishaad: we will look at the return of the so-called animal spirits and how they play out. that is next. this is bloomberg. ♪ rishaad: you are back with bloomberg markets and business flash headlines. s sayingbil and hes work will continue after venezuelan navy halted efforts. they called the venezuelan move aggressive, exporting 45% of the news deepwater discovery, with with having 25% and hess 30%. it has been on track for its were sent you performance since 1981. yvonne: generating improved possibility in cash flow, putting a raise in the background for tesla. the company has turned the corner on model three production and demand look strong in 2019 an