lucy mcdonald from allianz global investors. that is all until tomorrow. have a great day. goodbye.night and provided travel disruption this morning. some strong gusts of wind through the night. the avonmouth, top of the list, 70 mph. most recently, around lincolnshire, gusts of 50-60 recently, around lincolnshire, gusts of 50—60 mph. this is storm aileen, moving towards scandinavia. for many of us, it has cleared away. strong wind in eastern areas of england over the next hour or so. things easing off as the morning goes on. some heavy rain across scotland. quite persistent am particularly in the east of scotland. all the cloud and rain is going to feel cool as well. temperatures at best around 12-13. if well. temperatures at best around 12—13. if you are stubbornly the cloud and bring, a scattering of showers in northern ireland, england and wales as well. blustery conditions out there, but lengthy dry spells with sunshine in between any showers that form. maximum temperature is around 15, 16 or 17. through this evening and tonight, this weather front across scotland is going to g

andreas utermann of a lien's global investors stays with us. -- allianz global investors stays with usnd ask the guest a question. we will put those questions to him next. this is bloomberg. ♪ ♪ taylor: this is "bloomberg surveillance." i am taylor riggs. let's get to the business flash. toshiba will try to reach an agreement tomorrow on the sale of its chip unit. a deal worth $19 billion. the leading contenders are groups led by bain capital and foxconn. is buyingia's prince a 16% stake in -- fransi bank. that is your bloomberg business flash. tom: thank you so much. there are two hurricanes, and they are over, but they are not over. michael mckee has been spending a lot of time looking at the impact of harvey and now irma. let's go to the immediate news for waking america. the photos from key west are remarkable. >> no electricity, no sewer, no water. the keys were hit very hard. government flood insurance means i am going to rebuild, right? michael: it does. that is the problem. owe $25 billion to the treasury -- tom: who owes? michael: the federal flood insurance program. they fall

joining us is allianz global investor cio.k what you think about the possibility of a jamaica coalition being negotiated. this is merkel's only option. is it going to get done, even if it takes two or three months? guest: good morning, thank you that i could be here. i would say in the end, you are right. that is her opportunity to stay in power. that is what most people expected that is doable. may negotiations will need a longer, but all parties will make clear they would like to come in government and so it is a question of negotiation and how much merkel has to give the other parties to find herself back into the consular. guy: is germany more business friendly? are they going to be more business friendly as a result of this election? is a little bit difficult to say because on the only the yes, because cdo see and the liberals, normally you have to say yes. on the other side, there is another strong party, the greens , that could go against that. the country with the biggest of theoducer is a member head of the government

alix: thanks very much, burns mckinney of allianz and gemma coggin of principle global investors.or the company. they are not over. the company revealed which software hackers exploited to access sensitive data of 143 million americans and the company that produced that software offered a patch in april, but at what effect did not do it. shares are down 30% since friday. wall streetd for a analyst to tell you to sell your shares, you are out of luck. you want to pay attention to this. you liked it before, you have to really like it now. alix: yellow line is the stock price and the white line is analyst ratings. anning us on the phone is analyst with an outperform rating on equal offense -- on equifax. did reduce our price target within his first came out, but it is our view that this remains an attractive business and an attractive industry, and the market has taken about $5.5 billion of market cap off the stock. in our view, that is an over discounting what we feel is the to look at way potential outcomes. alix: at wind end, you have a pr issue. -- at one end, you have a pr issue