it increases the pressure on commerzbank.lever to make it more uneasy for the bank management. >> we will continue to monitor what is next. >>> i want to take a domestic approach and understand what the announcement from unicredit means for the italian banking system. we have claudia joining us with more. good morning, good to see you again. explain to us because it is not new. what makes it different this time around? >> all right. well, as you said, it is not new. this is a deal that they attempted to make about five years ago and the news came out and the stock, the bpm stock rose and it became actually at that point a not interesting deal to go forward with. so that was the first thing that was said today. anyone who knows us knows that this is not new. that's the first thing. this is a target that they have been focusing on for years. what makes it relevant today is recently they have just days ago launched an offer in the asset management sector, and that, of course, helps unicredit sort of come back into the asset mana

we will be speaking to the ceo of commerzbank.e have been speaking about the possible integration with italy's unicredit. banking mergers part of the agenda for european leaders. that conversation coming up next. this is bloomberg. ♪ tom: commerzbank has raised its full-year outlook and plans another share buyback as it seeks to fend off an unsolicited approach by rival unicredit. the ceo said unicredit's approach so far has been quote interesting. >> whatever comes on our table, we will definitely look at it but at the moment, i do not have anything to judge. there has been no reach out on that. >> i you had any conversation with andrea orcel the last month or so? >> we had a short interaction right after the first purchase. then a longer very professional investor meeting. there will most likely be an investor meeting after q3 to discuss results but nothing more. >> he says he sees value for the business, for the sector for europe from this kind of tied up, do you see value in a tie up? >> when you look on integrations, you have

they also consider the acquisition of commerzbank.ans to hold talks about its nuclear program this week with european nations, including the u.k., france, and germany. this the first discussions since the new president was sworn in, in july. green on the screen when you look at the futures picture because you are starting to see that scott bessent bid show up. you are seeing ftse 100 futures up. futures higher in the s&p 500 and in the nasdaq. we will call a 0.5% as well. across assets, a different picture, but risk positive seems to be the ongoing sentiment. the cross asset story, we are starting to see a 10 year at 4.33, down about six basis points, almost seven on the treasury yield. perhaps a little bit of safety baked into that trade. euro-dollar, 1.04. all following the lead of the dollar. the weakness taking its cue from the bond story. bitcoin at a 98,000 level, higher by 1.3 percent, right on the cusp of 100,000. a lot of green on the screen for markets, but perhaps not so much when it comes to sentiment, specifically here in

commerzbank and unicredit and novo nordisk i wonder the implications across europe. >> the weight loss and banking consolidaconsolidation s interesting out of china china has been trying to front load the stimulus measures to get ahead of the u.s. election and any potential outcome with another trump administration that is tough on china i think it is such a mammoth week for markets >> this week was busy, next week is busy for sure. >> non-farm payrolls later on today. that is all for silvia and seit st wh the channel. "worldwide exchange" is up next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. there are some feelings you can get with any sportsbook. ohhh! the highs! no, no, no. the no, no, noooos - oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of. ohhh, i just earned a hotel suite! hee! you only get that here. at the sportsbook born in

. >>> and commerzbank announced schmitt as cfo.he uk competition and markets authorities are looking at competition issues in the multibillion pound cloud industry. two sources familiar with the matter told cnbc that the uk regulator is set to unveil the provisional decision detailing remedies of and ty competitive practices. the decision is expected to weigh on major players in the market such as amazon and microsoft. you can check out full details of that story live now on our web site at cnbc.com. >>> the u.s. department of justice says google should sell its chrome browser and share data and search results with competitors to end its monopoly online. in the court filing, it prevented rivals from accessing channels. google called the proposals radical and will have a chance to present its proposals next month and make a broader case next year. it says the doj approach represents unprecedented government overreach. >>> and slush is under way in helsinki. arjun is zoom being bag with ba with us. >> reporter: dan, it under scores t

i want to tell you about commerzbank. shares at this point are trading lower by more than 5%.eed, with analysts questioning here what is the strategy for the ceo of unicredit. some people suggesting, frank, that what we're seeing here, this further consolidation for european banking in italy is actually just unicredit waiting for the regulators to approve further moves in the german market. indeed, at this stage we are seeing this bank, unicredit actually trying to expend even more across european continent. >> silvia, thank you very much. silvia amaro live in the newsroom. >>> president-elect announcing key cabinet picks including his long-awaited choice for treasury secretary, scott bessent. he beat out the front-runner for the job who is now in line for possibly other positions. scott bessent is the founder of hedge fund key square management and before that he spent most of his career at soros capital management including working as cio from 1011 and 2015. he has been a defending of trump's economic policies including tariffs and extending the 2017 tax cuts. following trum

commerzbank herman looks at who might be interested in succeeding her. >> by spring of next year, oaklandl have a new elected mayor and those vying for the post say it will not be more of the same. we have to be fully open. >> and sharing with openers. what is going on? what we are going to do about it and how we can be measured in terms of our effectiveness in that how i intend to lead with full transparency, openness. so that openers have the confidence that we're moving in the right direction. lauren taylor faced off against sheng thao 2 years ago. >> and ended up losing the ranked choice voting contest by just under 700 votes. so far he's the only person to announce he's running for mayor. number one, we have to address public safety. that is clearly on the minds of all. local residents is inhibiting our businesses from growing. it stymieing our success as a city. we also have directly address the fiscal crisis. we can't continue kicking the can down the road on oakland's future, but i will dog when i decide to >> we'll never know. and i think the next 2 years it will be a pro of the

there was a note from commerzbank analyst saying they are going to delay by at least three months.point. they have delayed before because of what people think they are worried about in the oversupply situation. that could continue to move quickly. that could theoretically move oil prices higher. people are watching this carefully. >> there is the opening bell. it is american express celebrating a small business saturday happening tomorrow. the nasdaq celebrating is recent ipo and a.i. provider. sarah spoke with steve spool earlier in the week. >> they started back in 2010 to try to bring back some life to american small businesses. 15 years then and it is expected to generate $200 million in sales. steve talked a lot about the state of small business where it hasn't been as optimistic as we have seen necessarily in stock prices or big business because they are still dealing with wage inflation, availability of workers, and all the things that have been big issue for big business. obviously key component of our economy and higher reading. i think there is plenty of demand for worker

the ceo also pursuant a merger with germany's commerzbank which is facing opposition in berlin.th consecutive f1 share in the grand prix over the weekend in las vegas. managing to outscore the rival, making them only the sixth driver and f1 history to win at least four titles. lisa: is an it kind of boring? he won again. jonathan: is a boring it that the fastest car? we can agree he did not have the fastest car. i think max is a beast and deserves a ton of credit. lisa: he will be the michael jordan of f1? jonathan: i would not go that far. up next on the program, a sigh of relief. >> bessent has to remember the relative story here which is u.s. economy is doing far better than eurozone and others. the key is delivery. and also how does he reconcile what he aspires to come does that always align with what present electronic aspires to? you are watching bloomberg tv. ♪ did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, look at these guys. they are playing great. meanwhile, i'm on the green and all i can think about is all the g

are starting to see, whether it is unicredit and what i think is a very thoughtful approach to commerzbanker merger? annmarie: will the germans allow it? bob: i think they will. i think this is a different germany and we have seen since the introduction of the single currency. they are not making all of the decisions for europe around banks. i have a feeling this will go through and be positive. manus: let's bring forward. i can hear sergio monte howling at the tv saying the landscape is getting even more unfair for europeans relative to wall street. let's cast our view forward. in terms of m&a, i hear from the regional bank. what about a global m&a bank deal? is that something that is not fit for the landscape? whether that is europe to the u.s. or the u.s. into europe? bob: i think for bank ceos one of the lessons learned in 2008 is retail banking is a local regional business and investment banking and asset management and wealth management are global businesses. absolutely you will see continued growth of the international footprint of the u.s. and european banks in investment banking,