twitter spoke to caroline hyde. to producerying solutions for the customers and regainors and we have to the trust. doneed to work hard and we work hard. we're making progress and overcoming the crisis. slumpedng shares have usersgulators warned the of the premium smartphone to stop charging them. they have called passengers to stop using the devices. dozen have batteries that caught fire or exploded. we are powered by more than 2600 journalists and analysts. you can find more stories on the bloomberg app. this is bloomberg. >> thank you very much. .tanding by is david the equity markets are playing part of the catching up game on friday. run us through the big moves. >> we are seeing the extension of what you are talking about and you can look at asia. was. not as easy as it have a look at the biggest hits. we're talking about new zealand and hong kong. you look at the scores of the moves and we are talking deeper under this hood and they are out of character. we're looking at three standard deviations for this mar

here is caroline hyde. ne: they are has up to its -- they arehey are -- bayer has upped its bid for monsanto for a second time. theuly, monsanto rejected $55 million did saying it was inadequate. -- vietjet- via jet has agreed to a new deal. air jet -- it is keen to expand in a low cost market. has settled the final two bellwether cases over the ignition switch flaws. -- terms of the settlement are confidential but both lawsuits claimed injuries. everbright securities is said to be stepping up its expansion in hong kong with several top hires from its competitors. the head of banking at singapore's bank system. they plan to hire 10 more by year end. caroline hyde with the business flash in berlin. let us get to the macro picture out of switzerland. gdp numbers from the swiss economy. it expanded by 0.6% quarter on order in the second order. the median export -- quarter on quarter in the second quarter. the actual number came in at 2% growth year on year for the second quarter. the estimate was for 0.8%. we a

bloomberg's caroline hyde joins us live from the ecb in frankfurt. caroline, what action if any of the market expecting? caroline: well, as were just saying, about half are anticipating that we could see quantitative easing as soon as today. but the data is starting to hit that maybe action is needed. we just saw on monday the slowest growth in the eurozone, among those 19 members, in 19 months. we're also seeing concerns about brexit about the italian banking crisis,, not committed a third election in spain. so no wonder we are starting to see a buildup of,w ell, expectations to downgrade. we could see the growth forecast next year downgraded from 1.7%. then we could see an extension to quantitive easing, past march 2017. are you really going to get inflation up to 2% when it is currently dwindling by march 2017? probably not. that needs to be extended by trillions of euros. so 80% of economists we have spoken to see some point if you very notably, could be a tweak what they could buy an quantitative easing. when you have self-imposed limits, such as

anna: caroline hyde is in frankfurt, where deutsche could be in the eye of the storm. caroline, bring us up to speed. caroline: it has been hitting asian stocks, and slightly rocking european trade as well. we understand that some 10 hedge funds that do business with deutsche bank are starting to cut their exposure. now, these are the likes of rocket capital management and money and partners. clients, weout 800 are talking about. confidence is starting to unravel, however. why put your money on the table with deutsche if there is a risk of disaster? so, notable that deutsche bank itself is coming out and saying, "look, our clients are among the most sophisticated out there." let's put this into perspective. maybe some less sophisticated depositors don't understand this. notably, we can see the signs of stress. stocks of been plummeting, along with the bond prices. manus: later, caroline, you will be speaking to one of the key executives from commerzbank, which has already announced dramatic changes to tackle the environment. the numbers here are quite gargantuan in term

our very own caroline hyde is there for us. caroline: manus, you put it so well.alking about the vstoxx there. there is no fear out there at the moment. about 23% below the average. ten meetings, we thought a policy change -- we saw a policy change. within the last seven weeks, we have seen 10 year debt in germany, the bund move in a trading range of 1%, just 10 basis points, the lest we have seen since 1991. is this the calm before the storm? l we see changes in the way in which they buy bonds? manus: the question is, will they lower the rate at which they can buy bonds in the market? what do you think from the guests you have spoken with? >> i think they will hold off. overall, the market is still anticipating 1.5% growth for the eurozone this year. what is the push? why not wait until after the fed goes in december? maybe that is the time to start adding to stimulus, manus. ♪ silence.breaks his his hand may be forced today. and aeuropean markets five-month high ahead of the -- the costhe data of borrowing in hong kong at a seven-year high and speculation of cen

i'm caroline hyde.ort as investors want to know if the number will give the fed enough confidence to raise rates. bill gross gave his estimate. bill: certainly, with the employment number, we saw the gdp number nfc employment numbers hit 200, i think that cements it. i think the market would be less certain with that. caroline: joining us now to discuss this is senior economist 150 on friday, is that enough to pull the trigger for a rate hike? >> caroline, i don't think so. we cannot just look at the headline number. there is so much information at comes out of the employment number that you have to dig into the details. average hourly earnings, the unemployment rate. you have to get a solid report. had septemberfed as a target for the rate hike, they would have signaled that it jackson hole. alix: a portion of that will try to jump on the market being higher. it is really job growth versus gdp. gdp really lacking that job number. -- how does itap reconcile itself? >> we have had to get up to speed on t

emily: bloomberg's caroline hyde 's rubin ritter.an be delicate for cisco after announcing job cuts. hiked trump threatened to taxes on companies moving jobs overseas. men who helped bring real-time computing to wall street is taking his passion for tech to the sports arena. legs projectis next. tomorrow, bloomberg will be live add the market's most inferential summit. don't miss it. this is bloomberg. ♪ emily: the nba's sacramento kings are moving to a new home. in any ordinary stadium. the new gold and one center has over 615 miles of fiber on the cable and it's entirely powered by solar panels on the roof. the push for the most high-tech championed by the current owner of the kings. cory johnson took a tour of the arena. we wanted to rethink the whole paradigm of an arena. we have our fingers on the pulse. security,ia, environment, you name it. arenahing plugs into the and we have real-time control on everything that happens or could happen. this has never been done before. we have the best fans in the world and they deserve

we go to the french capital where bloomberg's caroline hyde is standing by. neral motors had a european division. caroline, good morning. >> very good morning. here, the headn europe.nit in fabulous stage. give us a sense of the car behind us. what is the salesforce expecting? >> first of all, this is a big premier. it is a car we could announce twoy has a range of kilometers more than any other competitors. you don't have to have any range anxiety. we think it is big what we are announcing. >> interesting on a date that we are expecting opec to come up priceskind of deal, oil rally, will that help demands for the vehicles? that get people buying them in europe? >> it is a coincidence. butll know they will go up it is not a main drive. the main drive is the co2 reductions and society really wants us to go electric. we need to get them excited. this car is trying to not only address the minds and heads but the hearts. it is fun to drive, well-connected. --take range excited he anxiety away. you can really buy this car. featurestalk about yet, but for this to be

caroline hyde is there. what are we getting so far, caroline? we are getting the arrival, guy. they are all this sending upon the council behind me. you can hear the helicopters above me. we are starting to hear the first lip service said about the need for unity. a prime minister said there is a need for unity. the foreign minister though, says not to expect any knee jerk reaction to the u.k. exiting the eu. polish have been talking about that need to bring power back to the countries, rather than the eu institution. this is the division between war and peace, like merkel talked about last night. do we need more integration within the eu, or less, as hungry and poland are pushing for? lastly, i will leave you with what the luxenberg leader has said. security and economic focus is where the priorities lie. a petitiono seek coming back into that eu, and indeed, perhaps a movement to a defense policy, something the united kingdom in particular pushed against. guy: what a lovely day out there. it is quite a hike up to that castle. good job caroline

i hope the message -- anna: caroline hyde is on the ground for us. tin schultze talking about coordination cooperation, really wanting to present a united front to the united kingdom. >> precisely. that is what the 27 leaders who are gathered behind me in this bratislava castle were trying to put forward. a road map. a bratislava plan. that is what holland is calling for, the president of france. trying to focus on where life goes. post brexit. we heard from germany's chancellor, angela merkel talking about the e.u.'s very existence being this question saying it is a question of war and peace as they satellite rise in populism. rhetoric coming from martin schultze about the need for unity at a time when things are splitting apart. the response to a brexit world, the u.k. out of the e.u. means further integration and more focus on stronger powers in the e.u.. that's what draghi wants to see, a monetary and political union. on the flip side, you have the european council head talking about the realization that is not the rest my many want. you have pola

for the latest on the summit let's go to caroline hyde. i am looking on my bloomberg, we have had a comment from francois hollande, he says europe seems to be in a permanent crisis. it is not the ideal backdrop to this meeting. >> you heard it from angela merkel herself, this is critical . yesterday, she talked about this being a question of war and peas. we heard from the belgian leader saying that this is the moment of truth. do not expect any significant breakthroughs today. this is a movement toward an end goal in march, the treaty of rome, the 60 the anniversary, this is about a roadmap to say the grievances that remain within the eu that have been shown a light on since the u.k. decided to exit the eu. you have immigration, a key concern for poland, the checks, in slovakia, worried about how you reset the one million people that came to the eu last year. you havethe likes of the terrorm threat affecting those in belgium and france. then there is the opportunity for the spanish, italians, to convince the youth that remaining in the eu

emily: caroline hyde speaking with the ceo of delivery hero from berlin.n mason become the second stock in the s&p 500 to cross the $1000 threshold thanks to a record-setting rally. the top $800 for the first time in thursday trading, narrowing the price gap between it and alphabet. group is, priceline the only stock in the s&p with that distinction currently trading at more than $1400. botstor wants to use chat to change the way you move. we will tell you about the chinese ambition. our conversation with go pro ceo nick woodman on the unveiling of his long-awaited camera. will it be enough to boost company sales? this is bloomberg. ♪ emily: turning to the ipo market, apdio is -- they had originally expected a share price of $13 to $15 per share. the business caught the eye of venture capitalists into doesn't nine, and it was the first -- in 2009, and it was the firm's first investment. torator uses chat bots connect shoppers with experts to help them find what they're looking for. the company raise 69 -- $50 million in a new round -- $15 million in a new

caroline hyde is there for us. can eu leaders achieve a lot this weekend? ey going to talk about brexit? caroline: that is the key question. might not be any treaty overalls. there's unlikely to be any concrete determined policies, but there will be a foraging for unity. we've heard angela merkel as she arrived at this meeting saying, we need to show determination to fight this crisis. saying we canece no longer sleepwalk in the wrong direction. a moment of truth is what the belgium leader said on their arrival. clearly we are going to hear a lot about security. that has been the main focus after the terrorist attacks in france and germany. we've got concerns about the refugee crisis and the wave of immigration. poland, hungary, not wanting to line up to any particular quotas. the focus will be security, growth, opportunities in terms of jobs within the 27 remaining members of the eu, and the fight against terror. they are going to try to find some sort of agreement. we are seeing the eu tearing itself apart from the middle. one side calling for more integra

let's go live to the french capital where caroline hyde is joined by the nissan ceo -- over to you. caroline: francine, thank you. here we are, new electric vehicles -- the supply is there, is the demand? >> it is coming. as you know, the growth of the electric car in europe is significant. it is unbalanced in countries depending on the support they are getting from different governments. but it is growing. it is not growing as fast as you marketike, but today the is the chinese market because of the total support given by the chinese government for -- but this is the most sold electric car today in we will doubley the real autonomy, and it will also strengthen. we are talking about doubling now, not in one year or four years. we are talking about sales of the car today, 300 kilometers in urban and suburban drives. caroline: where is the demand coming from in europe? >> the consumer is looking at admissions, is looking at onlyation, and it is not looking at what's happening today but also at what may happen down the road because he is occupied with the resale value. caroline: with th

i don't see that being a real part nejra: that was caroline hyde. vonnie: great interview.ls show hillary clinton has taken the lead in two key states as you may survey for the white house. we break down the numbers and numbers.ostdebate this is bloomberg. ♪ vonnie: you are watching bloomberg markets. luke kellis says hedge funds are most at risk of shutting down. i spoke with him this week in an exclusive interview in london as part of bloomberg market's influential summit. asked about the effect of central banks and potential economic shocks to the world largest publicly traded hedge fund manager. >> we have been pumping all this money through central banks. it is increasing leverage. i don't really understand the long-term answer that says more leverages the answer to a leverage problem. now we will be fiscal spending. that will help in the short term, but it creates more and one in the economy day we will have to pay back a leverage. it will be messy and horrible. my own and citations are very -- a long way away. you have a short-term problem which is it is hard to make

let's go over to caroline hyde in the eu minus the u.k. meat. what is the story? e helicopters circle as the 27 leaders come into [indiscernible] the story is a ramping up of our direct but probably not much action. we hear from the leader belgians, saying this is a moment of peace from the eu after the u.k. decided to split from it. we have president of france saying this is the question of the eu's existence and angela merkel says it is a question of war and peace. they are taking trips down the dan knew from the castle behind me, but the question is what action will we hear? we will hear perhaps a roadmap coming from the leader of the european council. expenseso see more built around the eu and how they will react to the immigration question and how they react to the threat of terrorism and how they will try to convince the use of the eu that they are still relevant and there are job opportunities within it. the key issue is making sure that everyone feels it is better inside the eu rather than outside after the u.k. decided to break away, but there is so much d

i'm guy johnson and i am alongside caroline hyde, who is in berlin. ne has your morning brief. caroline: the yen jumps as south korean stocks sink. north korea detonated a nuclear device, sending tremors across the region. is draghi done? central banks look like they are out of bullets. ousted ceo of the monte dei paschi doomed from the start? what can be done to rescue the world's oldest bank? guy: we are likely to see a negative start to the session, but there is a lot going on in terms of the central banking session. yesterday, with old off by a little bit. let's show you how we think these european markets are going to be opening. here we go. the ftse is probably where we get the first action, just really flatlining. perhaps a little bit of a negative tendency coming through. but we are absolutely flat. we might go up a little bit here. the cac also, looks like it is opening a little bit softer as well. we are waiting for the dax to come through. what are we seeing in terms of the other assets? this is the stoxx 600 broken down by nations. portugal

emily: our caroline hyde reporting there from london. on today's funding board the fantasy sports company draftkings just raised $150 million in an oversubscribed round. investors included revolution growth, venture firm co-founded by sports magnate ted leonsis. fortune reported earlier that the new funding was raised at a lower valuation than the $2 billion value the company previously established. the cash will help boost draftkings as it heads into football season. busiest time of the year. coming up, investors wipe $4 billion off samsung's market cap in thursday's trading on safety concerns about its brand new smart phone. we'll check in with our asia tech team next. this is bloomberg. >> that was adam wilson. be underhose will trees this christmas. the new movie is scheduled to release at the end of the year. samsung is encountering some trouble. it's delayed the galaxy note seven in south korea following reports of the phone exploding or catching firewall being charged. beens and photos have surfacing but have not been verified. to

we are here in london alongside caroline hyde. she is in berlin. ne, we are moments away from the start of european trading. what is the morning brief? caroline: a bit of m&a. bear offers -- bayer offers more in his bid from monsanto. brexit. after the ceo of fred joe tells us the predicted gloom was overstated and has not come to fruition following a vote to leave the european union. are convinced away from this we are 10 minutes away from european markets. -- we are 10 minutes away from european markets. let's take you to the bloomberg. let's show you where we are. the u.s. was out yesterday. a little bit of selloff into the close. the london market just opening in positive territory, but not by much. the cac opening up in positive territory. let's walk you through what is happening around euro. -- around europe. this is the stoxx 600 breakdown. the equity markets will give you an idea of which markets are outperforming. portugal is up. .7%.gal is up by the gilt market is opening. nejra: thanks guy. i'm looking at the u.k. ten-year guilds. this is

erland high -- caroline hyde is over in berlin. what is the morning brief? ne: a rude awakening. slumber,t-brexit several weeks of that the market falls out of bed. volatility comes surging back. betting on brainard. the market looks to the fed's relative dove. will she put september to rest? clinton canceled a trip to california. will her health rattled the market? we will be -- will her health rattle the market? the asset class is still crucial. it will stay an essential part of deutsche bank. and they are reaching the finish line. is: the deutsche bank fascinating. the banks are back info. let us show you what is happening. we are expecting a softer open. this is what we are looking at. that is already falling. you can see it happening. we will wait to see what the story is. a selloff on the backend of friday. we are leading lower and lower. starting to play a little bit of catch-up. are coming the cap into the -- and the cac are on.ng let us show you what is happening with the stories which has athe dax lot of moving parts today. let me get my fx sp back

imo alongside caroline hyde over in berlin. this is what we are watching. central banks take central stage. big week as both the fed and the bank of japan announced decisions on wednesday. how are you positioned? place your bets. beaten in berlin. angela merkel party is hit hard in regional elections as the anti-immigration party siphons off voters. what this this mean for next year's federal election? afterrk steps up security the bombing in chelsea. we will bring you the latest in this story. caroline: we are less than half an hour until the european open. let us check in with what the future is market is a signaling. -- futures market is signaling. up 200 billion euros. a to mulch was time for trading and so much to build up to this week in terms of the boj and the federal reserve. guy: let us talk about last week and what the gmm function is telling us. a great place to start your week. it gives you a heads up both backward looking and forward-looking. this is last week, friday. the close. everything sharply down. it will be interesting to see how tradi

i'm alongside caroline hyde in berlin. we are moments away from the start of european trading. ne has your morning brief. caroline: guy, it is current control. banks, butls of the leaves the market wondering if there is more to come. governor corona is speaking now. earth, wind, and fire. investors brace for the latest decision from the federal reserve. the 21st night of september. and soros on the trump. the next week's u.s. election debates and if the global economy -- european markets are called higher. guy: 10 seconds away from the open, expecting a positive start , financials firmly in focus. let's show you what's happening. a little selloff in the auction process yesterday, and now let's see how far the markets go this morning as things light up. london is beginning to climb, showing us what's happening. the cac is also climbing fairly sharply as well. let's show you what is happening here -- this is the breakdown on the sector basis -- energy, ip, consumer financials leading this morning, the entire wheel is green. financials are leading the charge as we push higher, defi

i'm guy johnson, alongside caroline hyde, who is over in berlin. re moments away from the start of morning trading and caroline has your morning brief. caroline: fed, is up. insistss the u.s. economy is in good shape. is september debt? -- dead? did mark carney save the day, or did the act too soon? and apple unplugged. the world's post bible company is expected to unveil the iphone 7 tonight in california, but will it or wanted come with a headphone -- but will it or wont it come with a headphone jack? guy: the markets are going to the -- pay attention to the market's. able story. let's take you to the main markets. remember, white london. blue paris. purple germany. the london market is oscillating. we are waiting and watching to see what will happen throughout the session. we will wait to see what mark carney has to say later on. central banks, once again, dominating the story. let's talk about what is happening around europe. portugal, the performer. solid performances coming through from spain. this is the stoxx 600 broken down by nation. the u

we are joined by caroline hyde and a guest. caroline: we are joined by david mcallister. member of the cdu. give us a sense of the afd. stay?ey here to herepefully, they are not to stay. it is a single issue party, in my view. they are giving very simple answers to complex questions. a lot of voters are not expect them to deliver any results. i just want to show protests. i hope they are not here to stay, once again. caroline: when we hear and see keyprotest vote, the issue consuming investors is the battle of immigration, which is why the afd is doing well. is this something angela merkel and the cdu will shift on? >> if you look at the polls from yesterday in berlin, you can see they were attracting voters from other political parties, especially those who did not vote last time over two main issues, security and the immigration crisis. ae immigration crisis is huge crisis for germany. angela merkel will continue to have policy to bring the numbers of migrants down. you got to decide those who are entitled should stay and must stay and we must integrate the better, but

right here in the city of london alongside caroline hyde in berlin and guy johnson in munich. ne: risk revealed. yellen rebuffs pressure to hike. stocks, bonds rise as the dollar drops. we'll bring you the latest market moves of the fed. we'll bring you market reaction right now. and clearing out why executives at global investment banks in london expected the u.k. to lose its $517 billion euro clearing business after brexit. we're getting into the market open. i want you to keep an eye on them splitting up the business. energy on one side and the other side transport and logistics. ep. remember it costs you just 109 this will danish kronor. let's have a look at how things are opening. going into the stoxx 600, we're in the gray. revving up ey are in terms of the open. you see the u.k. opening higher. it is an outperformer. along with germany. he netherlands are up .25. the european markets, let's dig into the individual leaders now. >> before that, i'm going to take you to the gilt market open. we have been seeing yields come down in europe, continental europe and also in asia

i am alongside caroline hyde, it was over in berlin. moments away from the start of european trade and and caroline has the morning brief. caroline: the fed and the boj are about to begin their meetings. deutsche bank gets creative. the lender could prioritize loans to offload risk. and a case for commodities in a world of volatile bonds. is it time for investors to get physical, guy? guy: we will talk about that a little bit later on, the relationship to equities is absolutely fascinating. let's talk about what is going to be on the move. we think the stocks are going to be a little bit softer. keep an eye on john cryan and deutsche bank. let's show you what is happening here. let me take you to my bloomberg. we expected a little bit of softness, as you can see and that is what we are getting, creeping in here, showing you what is happening. the london market is softening up a little bit. 100.hite line is the ftse cac is expected to open up a little bit more softly as well. we are beginning to unwind some of those gains with all yester

i'm alongside caroline hyde in berlin. we are moments away from the start of the european trade. the brief, caroline? caroline: banking on the pound. sterling needs to keep sliding to keep the u.k. economy on track. but when will carney have to act again? the bank of england decision, new today. and can the new ceo save the world's oldest bank? marco murali takes over the top job and want to passkey. and campaign health check. can a letter from hillary clinton's doctor put her campaign back on track? guy: european markets just repairing to open. 10 seconds away. we're anticipating a little bit of weakness, but we will see what happens. let's show you what we are anticipating and what we will get in terms of the market open . 100, blue is the cac. touch, not by much. a fairly flat open. the bank of england coming up well, the s&p shortly as and some data out of the u.k. as well. down, so let'sw break it out a different way and show you what's happening around europe. this is breaking out of the stoxx 600. sweden, norway, denmark are the losers. what else? let's find out with nejra

here in the city of london alongside caroline hyde. she is in berlin. moments away from the start of european trading. what is the morning brief? caroline: it is the market moving on clinton. after the first presidential debate, mexican currency jump as the u.s. futures. we breakdown implications. i can blues. draghi says europe should consolidate as the pressure builds on deutsche. will anyone start with deutsche? .rude roller coaster oil takes a breath after oil production free's speculation. a beautiful dawn. is it new for oil? guy? guy: we know what happened yesterday. a significant selloff for european equities. let's show you the stories, how we are expecting to open. after a selloff like that, you hope so. this is the picture. where unchanged. -- we are unchanged. you saw the selloff yesterday. we got it in the form of the u.s. presidential debate. that is what we saw in asia, as you can see the ftse is climbing a little bit higher. certainly continue to keep an i on what is happening with the banking sector. that is something that we are going t

i am alongside caroline hyde. we are moments away from the start of european trading. going to be quite a morning. caroline: it is a gloomy morning here in frankfurt. it is the morning after the deutsche bank. they wake up from a rough night of trading in the u.s. exposure.s reduced contagion concerns, short interest -- highest level since 2013 pit we speak to the banks chief financial officer. , banks bashed and fed dissent . we wrap up all the action and look ahead to the last quarter of 2016. what will the winter bring? guy: that is the big question. what will happen? let's talk about this market open. how is deutsche going to open? as you can see, we did see a little bit of a pop in london. where unwinding that quickly -- we are unwinding that quickly. we have got a market that is going to open down around 1% for london. once everything is opened, stocks get going. as you can see, a sharp gap lower for european markets. the ftse is down, 1.1% now and continues to fall as we watch and we wait and see what is going to happen. deutsche bank -- we will see what gets goi

caroline hyde is at the paris auto show. saudi abandons comfort as they pursue a plan to reduce supply. who will take the hit? inflationary pressure. how will a boost in oil prices affect global prices? and the ecb president mario draghi says low interest rates are not to blame for europe's bank problem. does deutsche disagree? we are less than half an hour away from the european open. whether we expect futures to deliver for us today. we are very much risk on. we are expecting of pop and european equities to the tune of around 1%. questions still to be answered. i will show you the contract table on oil. but what is happening with canada and australia. we saw them all flying overnight. the yen taking the brunt of this on the downside. music to abe's is i'm sure. in-depthe you a more look at what is happening. has toldyellen lawmakers that the fed is looking into what she calls disturbing compliance failures at the biggest u.s. bank. ted leonsis review will investigate reaches including mortgage abuses. yellen was responding

you've got guy johnson and caroline hyde.is is bloomberg. ♪ guy: welcome to "on the move." we are counting you down to the european open. i'm guy johnson. caroline hyde is in berlin. here is what we are watching. the yen jumps as south korean stocks sink as the north detonates a nuclear device. is draghi done? are central banks looking increasingly like they are out of bullets? why is the bond markets focused on the speech monday? and, viola, the ousted ceo of n

caroline hyde and guy johnson will be picking up the conversation.from carson block from muddy waters capital. this is bloomberg. ♪ guy: welcome to on the move. we are counting you down to the european open. i am guy johnson alongside caroline hyde over in berlin. bring art hits the brakes. the fed governor urges caution in the last word before next week's decision. is it all over for september? signs of stability. both china's new and old engines come to light as factory output beat estimates. will the figures be enough to jumpstart

i'm guy johnson, alongside caroline hyde in berlin. here is what we are watching. the boj begin their meetings.we will talk about risk at two of the fence primary dealers. deutsche bank getting creative. the lender is said to secureitize loans. what else can he do? and the case for commodities in the world ic

today we have alix steel against caroline hyde. caroline in berlin i believe. you go first. us. >> a pleasure, david. i go first with a show of what is three risks currently in the market this week affecting volatility in the yen. go to this on your bloomberg terminal. you not only have the fed. you've also got japan's two holidays which are going to be affecting volatility. in the white line, you see the one-week implied volatility up 17%. this is the highest since july when the boj is appointed the disappointed the market with the level of stimulus. in the purple, you are seeing the spread widening. they are respecting the agent aged today, a nice thing to do on a monday. on wednesday is adding to risks and liquidity in the market. volatility spiking higher. two holidays as well as two right decisions. david: that is exciting. thank you. is a spreadhart between the 30-year yield and cpi. it incorporates a lot of service sector inflation. as you see it rise, it means the yield is rising higher, inflation is falling. as you see it go lower, inflation is picking up and the yi

manus: caroline hyde with a very latest on mario draghi's mission to germany.ggins's chief investment officer at coutts. at 6 a.m. this morning, we showed this chart. anna: what was your idea. manus: it was your idea. alan: i never said 6:00 a.m. we can pull up this. this is the deutsche bank right in 2011.-year back this is the basis of 2011, the eye of the summer storm, taking hits and punches over their losses on great sovereign debt. and it was a question of sovereignty, not probability. what do i take away from this? in terms of default cost? alan: manus, i think you are right. it was the sad poster child of the 2011 crisis when the greek banks spiked on 50 basis points. remember,i clearly not much probability. this era is not quite solvency yet. deutsche bank shares and others are really troubled, it is a probability issue. and back in february, we saw the tender somee bank of the bond. they did not buy that many. 5nus: they were about billion, ending of a 760 million. it is amazing that that loss, the important ones disappear. tender fromybe a bonds to r

we now have an interview with the cfo and caroline hyde. ne: thank you on bloomberg tv and radio we are joined by the cfo, stephan engels of commerzbank. i want to talk your strategy at you ended your speech with the fact you are convinced you can achieve through 2020 target. income ratio 61%. hsbc still says their well-off. stefan: i want to thank you for having the opportunity and i'm convinced because it is the right strategy and the management team has delivered on the strategy over the first -- over the last four years. the important ones is in a very difficult environment. caroline: we have to put ourselves into context. today feels like german banking on the edge it we have -- or the edge. what is the threat of the german concerns to your own change in strategy? stefan: we have seen over the whole week a very negative martin sentiment this market sentiment across europe and indeed it has been not a very nice day for the german banking stock but i think that is a very short-term view. i am convinced we will get forward after the next w

caroline hyde in frankfurt. mike, i'm looking forward to listening to mario draghi dance around the idea that he is distorting the market. we haven't heard from him all summer. let's see how he answers on brexit. to find out more on how he would answer if you are in charge, let's get to the ceo and founder of -- investment, which manages $4 billion. thank you so much. you're mario draghi, trying to tell the markets everything is fine. we're distorting the markets but we still have tools left. how do you explain that to a market that is jittery, that focus is on the wrong thing, and is sometimes very binary? >> i think the key issue for mario draghi is the economy and inflation. that's what matters to politicians and voters. the key is that 70% of lending in the eurozone is done by banks, but most importantly, 100% of lending to s&e's are done by banks. the fact that he is buying government bonds and is bringing the cost of large traded bonds has no effect on 85% of european jobs. i think -- francine: inflation i

joining us is caroline hyde. ceo and cofounder of airbnb joins us. wonderful to have you here.fits. you are living the dream in terms of founders getting more money. necessary? that is >> i think the amazing thing is thefurther we are gotten, more opportunity we've seen. we raise capital with that in mind. the business is doing fantastically well, as you are probably well aware. what do you actually need? >> a few different things. expanded geographic coverage. last year it was china. women doing a lot of marketing and china. we have also looked at india. increasingly we are working at emerging markets. airbnb took in europe and the u.s., but we think the future is innovation. theow are you managing better playing field? >> we are building a long-term playing field. that means we need good relationships with all the cities in which we operate. the general attitude is to be as as possible and being able to compromise. we need to make sure the regulation that is past is .upporting ordinary will and that we did not create rules that are more pillared toward businesses. ordinary pe

our colleague caroline hyde is covering the decision from frankfurt where mario draghi will be holding his news conference. give us a sense what are the options available to him today? caroline: 80 % economist to think he could pull the trigger sometime this year. about half think it could be s&s today. that would be notably extended quantitive easing. going past march 2017, past 1.7 trillion euros of bond buying to extend that to try to lift that inflation figure to go up. trying to's personal growth. interestingly, abb will see a downgrade of some projections coming up to terms of 2017 growth prospects. howeally is a question of he can make his life easier. how can he keep buying 80 billion euros worth of debt per month. there's plenty of self-imposed rules that actually make many of the bonds ineligible? david: we have various options about raising the limit of what he can buy. what of the political consequences he has available to him? jonathan: the most politically palatable option would be to be a third of more than each individual bond issued. potentially, they moved to 50%. the

for the latest, let's head to caroline hyde, who is on the ground in bratislava.k about the main adjectives of this meeting. know, it has been long in terms of sound bites and short in terms of action, but we see overall, an aim for unity. renting appeared the rhetoric took me by surprise -- you have the likes of belgium kind in saying this is a moment of truth, along saying -- with saying it is a crisis of its various -- very existence, then angela merkel, call him, saying this is a case of war or peace. that is why she is so focused on unity. have a listen. chancellor merkel: now, this is not about expecting one summit to solve all of the problems of europe. we are in a critical situation, but this is about showing through deeds that we are able to get better in areas like sakura, internal, external, fighting terrorism, defense, and that we can get better on questions of growth and jobs. caroline: defense -- that is an interesting one. unity very key. behind me, you see the french in the german flags. previously, it would be the german speaking on their own, and

caroline hyde's questions were very interesting. >> i think we have seen in general over the whole weekegative market sentiment on banking stocks across europe and indeed it has been not a very nice day for the german banking stocks. i do think that's a very short term view and i'm convinced we will go forward after that next week. vonnie: but then she asked if there was a potential merger on the cards between commerzbank and deutsche bank. he got a little nervous. do you see that as a potential? >> i don't think you should rule out anything. i think investors and analysts don't like the idea. i think it should be looked at and it has merit, at least conceptually. the environment is so weak. one of the few ways you can defend that is negative rate business is i boosting your market share. we have seen the kind of pain the banks having going through to solve their problems. the share price fell even as deutsche bank is rallying. years ofto go through cost-years of shrinking to deal with pain, a merger is a way to defend against some of that. nejra: one thing you said is not to rule out s

in's cross to caroline hyde frankfurt. we just had this memo from the basis for there is no speculation he goes through some of the positives including the liquidity reserves, more than 215 billion euros. overall, what is the mood like in frankfurt? is one of the mood concern that the crisis in confidence becomes a real crisis. behind the, gloomy in frank for. we see the share price dive, because it was a bloomberg news's yesterday that started to rattle nerves. hedge fund clients, millennium ten, had already started to take some of their cash off the table. still,of 800 clients but we're starting to see those fears rise about doing business at deutsche bank. goldman sachs put out a note saying liquidity position stood 124% liquidity coverage ratio. that is better than bnp pa ribas, but it is still the capital concern. size of the fine? this is a crisis of confidence. deutsche bank has been coming out and saying clients are sophisticated. they get it. but maybe some of the retail investors don't. francine: thanks so much.

emily: that was bloomberg's caroline hyde from paris. to spacex ceo elon musk calling for a new era of interplanetary travel, and even a colony on the red planet. it is true that back here on earth the private space industry has taken off in recent years, with launch costs comingit down and everything from satellite tech to imaging capabilities taking stride. joining me is one of the earliest investors in the field, david cowan. first of all, what do you think of elon's plan to colonize mars? is it realistic or crazy? >> it is super exciting, and that's the point trade the most important objective of his announcement is to galvanize support for this idea of becoming a multi-planetary species. i think that he knows the idea of actually getting people there within the next 10 years is not really going to happen. that's why he's calling the first ship heart of gold, a tip to douglas adams improbability drive. on some important steps to solve the difficult problems around launch. emily: rehearsal much about elon musk, jeff bezos, richard bra

bloomberg's caroline hyde caught up with delivery hero's niklas oestberg.ess to suffer as uber eats and amazon encroach on his home turf. niklas: i think we are proficient. we make most orders in the world. we are the largest payer per user on restaurant orders. we have done this for many years. i think there is learning we have done that they will have to do. we have the capital. we have all that is needed to really do it well. and this is what we do. this is what we focus on. this would never be the key for uber. uber would be car sharing. this it be the second leg. amazon, this would be the second or third leg. canave the benefit that we be very targeted in what we are doing and specialize in delivering food. caroline: what about the amount of competitors that can survive in each city? say a city like berlin in germany. is it two? is there space for three? niklas: i think it is very hard for someone to come in at a late stage and make it sustainable and profitable. they may still try. you might have amazon and uber. i think it is hard to be sustainable f

let's go to caroline hyde with the details. caroline: good morning, guys.e getting a little bit higher in terms of yields in the u.k. treasury. the 10 year yields are up about two basis points. so, may be coming out of a haven that has been u.k. gilts. prices for yields are rising, all of that ahead of the u.k. pmi data. we are seeing the best we have seen in two years, 50.4 is the number for chinese manufacturing. so, we are bracing ourselves for europe. what are the headwinds there? and the united states around 4:00 p.m. u.k. time. let's look at how we're opening on the stocks. a bit more risk appetite after we lost at the end of trade yesterday. oil prices are sinking lower, and that dragged energy off. everything will industry group is trading higher. who is winning? the bank are outperforming the financials up .7%. materials are also up .5%, and where is energy? we are up about .1%. atp your eyes on all prices the moment. let's look at the individual movers. a bit of a bellwether for the united kingdom and europe, and australia, for the hiring sector.

i am guy johnson alongside caroline hyde over in berlin. bring art hits the brakes. the fed governor urges caution in the last word before next week's decision. is it all over for september? signs of stability. both china's new and old engines come to light as factory output beat estimates. will the figures be enough to jumpstart private sector investment? the big short pit we speak to controversial -- the big short. we speak exclusively to carson block. caroline: looks like we could have risk appetite out there for european trading. we are picking up with u.s. left off. we are seeing futures signaling an uptick. it does get the last word when it comes to the fed. that probability running back for a hike. with as start the day look back at what happened yesterday in the united states. caroline talking about sentiment. -- gain on the s&p 500 reynard really did the business for your pick -- you're connecting markets were soft yesterday. the dollar is a factor in all of this up .2%. onde trading on the w ti -- wti. brent is down trading on the 47.91. here is david ingle