representative allyson schwartz, and former u.s. representative ben weber.lso been tremendous leaders for this effort with a level of technical depth unmatched and we very much thank them for their dedication to this particular project. i also want to recognize at the outset the efforts of the team here at bpc, led by trent 11 and anand parekh, consisting of leaders in health and housing space come and i think many are here today, and just if you here, would you please stand up if you are part of that advisory group that we have? they were very helpful in all of us. thank you. [applause] >> over the next hour we will hear first from the task force members on the recommendations. this will be followed, moderate discussion with a task force led by anand parekh et al. but an open question and answer period and all of you here in the audience levitt opportunity for some questions. so at this time please welcome a wonderful friend of bpc, the senior health and housing task force member, secretary cisner cisneros. [applause] >> thank you. bill, thank you very much

representative allyson schwartz and former u.s.resentative vincent weber all have been tremendous leaders for this effort with a level of technical unmatched and we very much thank them for their dedication to this particular project. i also want to recognize at the outset the efforts of bpc led by the staff of the task force as well as the external account and external advising council consisting of leaders in health and housing space. we will hear first from the task force members on the recommendations. this will be followed by the task force led by dr. nye and followed by the open question-and-answer. that can all be here in the audience will have an opportunity for some questions but at this time please welcome a wonderful friend the senior health and housing task force member secretary cisneros. [applause] >> thank you. bill thank you very much for your kind words and thank you for your service. at capitol hill and sigma and that the bpc were he is focused on important questions before our country. four years ago he was helpi

alix: coming up, allyson schwartz will be speaking to us at 1:30 p.m. don't miss that. coming up on the other side of the break. ♪ alix: you are watching bloomberg. i am alix steel. this is your global business report. here is what we are watching. there is a ceo switch at for robbery. an immediate move. we will give you the details. the european central bank is discussing the fate of the 500 euro bank note. and, a potential move from francois hollande. let's start in italy. sports carmaker ferrari has named sergio marchionne ceo. this move comes as ferrari shares its best quarter results ever. he is replacing the ceo, who retires after 26 years at ferrari. the european central bank may decide as early as wednesday to start phasing out the 500 euro note. people have called it the note used by people of to no good. it has been called the note of choice for criminals and terrorists. one sticking point. in germany, the ecb trying to eliminate cash altogether. frontfrancois hollande considers a tax cut. ensure reiterated profits. all the ons -- allianz will reach its 2016 o

and with that i will pass the baton to my colleague and friend, congressman allyson schwartz from pennsylvanialause] >> well, thank you very much. i'm pleased to be with you this afternoon as well and participate in the task force. it's also my first opportunity to work directly with the bipartisan policy center, and wonderful colleagues, could we to do this for people. we had lots of discussion and were able to come to think some very important recommendations. so we help policymakers will take very, very seriously. so thank you for the opportunity to do this. i do want to just share a quick comment before i start my more exclusive remarks. you've heard from my colleagues but this report has a great deal of information. a lot of important facts, the numbers by very real. they are not exaggerated by any means and who matter in each and every one of our communities across the country. but it's more than that. it does point out solutions, open to other ideas as well but there's very specific recommendations and solutions. this really is a call to all of us in health, and housing and public polic