your specific complaint to the attorney general is deutsche bank. is that all you have a problem with? sen. blumenthal: he owns or is a borrower from deutsche bank for property that he owns now. and so i have suggested that the investigation of deutsche bank should be done by an independent prosecutor. it could be a criminal investigation. it should be independent of the department of justice. that likely will be headed by a campaign surrogate, personal supporter. that creates an inherent conflict of interest, unless he severs himself, and the administration separates itself from the investigation, which potentially is criminal. it should produce not just a civil penalty, but a criminal penalty, if there is a finding of criminal culpability on the part of the bank. vonnie: your specific problem, though, it seems to me, to be with deutsche bank and not a silly the president-elect'does not necessarily the president-elect's -- and not necessarily the president-elect's business dealings. do you have any other problems that might arise? sen. blumenthal:

deutsche telekom says it could have brought down the internet worldwide. brent: i'm brent break off. good to have you with us. we begin with the terrorist within. germany's domestic intelligence agency says it suggests an employee of islamist extremists. national media are reporting that a 51-year-old man has been taken into custody, accused of gathering sensitive information to plan a bomb attack on intelligence headquarters in the western german city of cologne. officials uncovered his activities about a month ago. we want to go to simon young. he is on the story for us in good evening to you, simon. what else do we know about this case? because just broken in the last hour or so. simon: a few details have emerged. the domestic intelligence agency, officially known as the office for the protection of the constitution, has said that this man has admitted giving away some confidential information that he obtained from within the agency. he gave that to somebody that is in contact -- he is in contact with of the internet, not knowing that that contact was a

rbs and deutsche are two of those.f you look at how the regulatory story is going to evolve from here and the banking story as well, if you are john cryan, how do you play it? will you assume that your bank trades on a steeper yield curve now, and therefore, you will be less worried about the doj actions? comment --can't i think the point you make is a very good one. the external environment for banks, because of the steeper yield curve, it's going to be more favorable. i think right now, that is what everyone will be focusing on. that's why banks have done ok, because of the focus on the steeper yield curve. and in some places, the end of qe. guy: that is a big number. i need to come back and look at what rbs is provisioned for. get caught up with the bloomberg first word news. reporter: a key member of donald trump's team says the incoming administration is working on ways to fix income growth and britain. they are talking about the infrastructure bank to pay for the work that is being controlled by washingto and fun

i was just taking a deep look at deutsche bank and the fact that deutsche bank has lent him about 2.5 billion over the last two decades. and he owes them now about $317 million. deutsche bank is a bad bank. we have fined them on any number of occasions. for example, i believe it is the federal housing finance agency fined them 1.9.2 -- $1.925 billion for fraudulent stuff that they were involved in. and then we had the department of justice that fined them 1,125,000 for fraudulent activity. and right now the department of justice is about to fine deutsche bank about, oh, i think $14 billion for fraud that it was involved in with the mortgage crisis. and so just think. he owes them all of this money. he appoints the attorney general. >> right. >> what is he going to do to protect his interests? what is he going to do about the fact that deutsche bank may be thrown out of business practically having to pay $14 billion in fines and is he going to try to save them with the attorney general? it's a mess. it goes further than even i've attempted to explain to you here this evening. it's bad.

. -- deutsche bank woes. ♪ this is donald trump live butgo, not moments ago, he voted on the east sidemanhattan at ps 59. that is moments ago. he told fox earlier he decided to vote for trump and he is a little bit superstition but it has been a beautiful process. the clintons cast their vote a little while ago in chappaqua. market as weat the await some reaction. major indices up a quarter of a percent and index is a little bit lower than it was earlier, just about 18. time for the latest is newsflash. canadian drugmaker valeant has but it's an overcast after posting a third-quarter loss, a $1 billion goodwill impairment to write down the value of some of its u.s. businesses. they became the focus of outrage over high drug prices in the u.s. last year sending stock prices down more than 90% from its high in 2015. shares of hurts plunging, earnings that missed estimates, they had a decline in rental volumes and a drop in the value of its cars. the british department store marks & spencer plans to shut down outlets in the u.k. and overseas. 60 stores in the u.k. will be closed over five

had a long standing relationship with deutsche bank.e hook to deutsche bank for hundreds of millions of dollars. deutsche is under investigation by the justice department. we're in a moment now where there's also going to be consideration of serious bank regulatory overhaul. all of these things will directly affect businesses trump has spent about 50 years in. and that his daughter and two eldest sons are also involved in. as is his son-in-law jared. >> what is the answer? if the laws are what they are, is it to hold donald trump accountable in his businesses be highly scrutinized? >> you can't scrutinize them in a way because the president is free of all conflict of interest laws. he isn't subskrekt to any of them, so he can really do whatever he wants for the most part. there's talk about a blind trust, but donald has said he would leave his children in charge of those assets. but you can't have family members run a blind trust and have it really be a blind trust. i think what has to happen is the trumps have to dissolve their holding

they had a discussion with deutsche earlier on. this shows that the banks really have to rethink their model in a tough way and be realistic about what is going to work, what isn't going to work. a lot of banks are chasing the same businesses, commission based income, asset management, and they can't all pile into the same areas and keep the margins up to my as we saw with credit suisse yesterday. a lot of the margins are coming down in asia where there's a lot of competition. everybody piling in is not the solution. guy: thank you very much indeed. elisa martinuzzi. let's stay with germany. bmws third-quarter profit rose with demand for suvs driving sales in europe and china. that's offsetting a slump in the united states. earning before interest tax climbed to 2.38 billion euros. let's go to munich. our european autos reporter, elizabeth, what are we seeking here? the numbers look pretty much in line, but sales in the u.s. are down. is that why the stock is doing what it's doing this morning? >> i think the u.s. is certainly a co

deutsche bank, unicredit.hift are we seeing in terms of the ways the credit market is going to -- the european banks. they have not been a big fan until recently. filippo: that is correct. the european market took from the equity market, which may be financial sector unloved. ,he balance is flat structurally curved. it is too early to get excited because although in you say in america, we are already pricing hikes, started from possibly december, and two more next year, it was very a might be to see any increasing interest rate -- very unlikely to see any increasing interest rate. may start, they tapering off. guy: how is the credit market viewing political risk? the netherlands, france. it is easy to understand italy, france is more difficult. how am i pricing in political risk? that seems to be the big change for every asset class for the moment. filippo: it has been that way best since the beginning of the year. the consensus was that it would have -- -- it has been that way since the beginning of the year.

david: with us is josh feynman, deutsche chief economist. dollar?driving the does it stop at some point? josh: i think it is a couple things. the perspective divergence. it is likely the fed will raise rates in december. people are anticipating further hass ahead, while the ecb their foot firmly on the accelerator, not likely to take it off. then we have the election in the u.s. and markets are focused on the prospect of some substantial fiscal stimulus coming in the u.s.. you couple those things and they imply higher rates in the u.s., better economic outlook, stronger dollar. david: how much of this is atmospheric as opposed to changes in the underlying economies? josh: i think some of it is atmospheric's or perspective. people are anticipating where the economies are going and they are thinking that the outlook for the u.s. looks brighter and the policy path looks higher than it does in europe. jonathan: why is it different this time around? i'm looking at the dollar index. we have gone through 100 and we have stayed. why is this time different v

reporter: deutsche bank is not what it used to be.he iconic towers are now a self-service atm for executives who became rich. one of the coaches executives from 2012 to 2015, a veteran of the banking unit since the 1990's, sets a pledge 400 million euros in his career. now they want an eight figure amount back from him because of the scandal and litigation for mortgage in the u.s., which damaged the bank. since 1990, they have grown more generous with their staff. salaries have grown 379%, and employees expanded 47%. those employees include top executives like this man, a controversial figure, who are supposed to cough up cap -- cash . the current ceo john cryan is trying to clean the house while billions of dollars of penalties are still coming. whether he is trying after keep the lender together remains to be seen, but its glory days are brent: more business later on. you are watching dw news live from berlin. we will take a 60 second break. brent: from berlin, our top story, barack obama and angela merkel have reaffirmed their comm

some dose of donny, donny deutsch, my friend. our occasional guest host.you woulill be posting -- guest hosting soon. donny: you are going on your honeymoon? john: funnymoon. you are here because you think you can make people feel better about donald trump. you have some advice. donny: here is cautious optimism despite bannon. i would like to analyze the guy. there are four components. i say, you know what, this might work. number one, he is transactional. we all know what he did during the campaign and that not will be a formula. number two, he needs to be loved by the elite class that he ran against because that is his world. he does not want to be booed in new york city. he's a human being. he's also a contrarian. everybody is expecting him to move hard right, flip the bird. the combination of those things gives a certain amount of hope that we might get. his ego -- he does not want to go down as richard nixon. he wants to be great. now i look at the hiring of steve bannon. my mother would say this does not take a scholar. he needs to walk things back,

that's a big one and the third one is deutsche bank which is currently in the goshen nations with theepartment of justice and has other settlement discussions coming down the pipeline. that was originally going to be $14 billion and donald trump has $630 billion of debt and have of that is with deutsche bank. and halfillion of debt of that is with deutsche bank. >> do we know what he has to put in a trust or what access his family can have? this truly is unprecedented. the closest comparison is nelson rockefeller. the newest laws to deal with this sort of thing came after he served as vice president in 1978 which has all bunch of conflict of interest rules. for everybody in the executive branch except for the president and vice resident where they said it could prevent them from making hard decisions they have to make. there are very few conflict of interest rules that apply to him and anything he does in terms of trying to distance himself from his businesses will be of his own bullish in. carol: up next, will donald trump really try to build the wall? >> will he continue to deny cli

it is higher than deutsche bank. they don't understand what the loan book look like.verything has its price but i don't understand how you can figure out what that price is right now. wayne: no, i think the authorities, whether it is the regulator, ecb or italian government have a duty to ensure transparency to help the investment community. guy: how do you make that happen in a short enough time frame? unicredit means money each -- unicredit needs money now. wayne: there has been a criticism of the ecb overstepping its mark, it's overreach. au are trying to come up from government perspective, protect the taxpayer from yelling out -- bailing out and a need to ensure that you have a banking system that is working effectively. that is different from the evaluation of a company. there is a need to make sure you have stability from the banking system and if there is a risk that that banking system is exposed or weekend because of member -- weakened because of member constituents, that is where you want the authority to step in. i think the valuation is a secondary item f

chinese regulars have given the green light to deutsche bank's plan to seelll a stake for 3.7 billion euros. the sale will go some way to boosting the german lender's capital position. separately, deutsche bank's board member said the company was making "good progress towards a settlement with the u.s. justice department as it seeks to reduce the $14 billion fine." has beatenerale expectations with a profit of 1.3 billion euros. it was a star performer with earnings up 42%. the income for the retail banks fell by 15% year on year. a french prosecutor has called for british banking giant hsbc to stand trial for helping its customers evade taxes. the scandal release that its private banking unit in geneva had offered wealthy clients ways to hide assets. magistrates in france must now decide whether to proceed to charges. to launch alm is new low-cost airline on long and medium haul routes. as part of the trust together planned for the airline which forecast annual growth of 2% to 3% till 2020. operating profits slumped 16% in the last quarter. hurt by currency movements and the continui

i'm a believer in europe and deutsche bank. i would say it is okay. i would love to see an equity offering. that would be the best chance to buy. >> dave in massachusetts. >> ba, ba, ba boo-yah, jim. i recently retired out of general electric company and i have a wheelbarrow full of g.e. stock. i'm just kind of looking for direction right now, if you have any ideas where i could go with that wheelbarrow. >> i think the stock is breaking out. my travel trust, we put out a bulletin saying g.e. is about to break out and business is good. i say hold on but, remember, we still love diversification on the shelf. it is the art of the surprise. that's what you saw drive the incredible performance with burlington stores that astounds the analyst or stocks like medtronic or palo alto falling. i'll help you decode these signals to try it and see some coming. my sit-down with home depot's cfo on how she plans to keep ahead of the competition. plus, what does the market fear index tell us about how long this rally could last? tr an unemotional opinion of this stoc

it's deutsche mark inverted. she'll love this. synthetic deutsche mark, back in 1960. circle in the middle is the advent of the euro. down we go, up we go. particularly for european four, is this a time when we least expect it, blowing through under one per dollar? >> it's a function of the strength of the dollar. again, the challenge we have got next year -- there is a lot of risk attached to the euro right now. our own view -- we do think that europe, when it gets through this current uncertainty, we will get back to an environment of trade surplus, back to stability. dollar, probably closer to 1.30. tom: 1.30, really? >> 10 years out. francine: one or two things. >> 10 years -- we think -- for 10e: we can talk years that we don't have time. we don't have 10 years, but we do have another 50 minutes with him. stay with bloomberg for full coverage of janet yellen as she testifies before the congressional joint economic committee. that starts at 10:00 a.m. in new york, 3:00 p.m. in london. this is bloomberg. ♪ francine: this is bloomberg "surveillance." i'm with tom kee

. >>> fitch has put deutsche bank on credit.he ratings agency believes the challenge posed by the sluggish climate will make it harder to grow revenue. they expect more clarify on deutsche's restructuring in the third quarter and some significant legal issues by then. one thing that was lost is deutsche is down 2%. the confirmation of the sale of its stake in the chinese bank, which people were waiting for a long time. it was a 3.5 billion euro boost. people were expecting it to go through, but it's been confirmed and the money will be in the bank. >> they vnlt worked out a deal with the doj. >> no. the hope of before the election is 0.1%. >> .1. okay. so, there's a chance. >> there's a chance. like dumb and dumber. a group of u.s. senators saying wells fargo fired hundreds of people for widening the scope of the scandal that was characterized as a retail banking problem. they sent a letter to wells forfo fargo questioning them about the firings. that is the first indication they were affected by possibly affected by the sales s

francine: it was triggered by a note that question deutsche bank's ability to pay cocoa bonds.is a type of debt that if things go badly that they convert into shares. >> i think this is more about cash than the bank running into genuine financial difficulty. it was a matter of did they have the cash flow to pay them and that is why they got the note to calm investors because i was getting calls from people, saying are they going to raise more capital? >> credit suisse has announced it is targeting cost savings of 1.7 billion swiss francs cutting an additional 2,000 jobs. credit suisse is one of a number of banks struggling to boost profits. >> were you surprised by your illiquid positions? >> yes. >> when did you find out? >> january. >> why was it not clear before? >> it was not clear to me or my c.f.o. who said it on the record and to many people inside the bank. that is where i said it. there needs to be a cultural change. it is completely on acceptable. francine: what will it take for investors to rerate european banking stocks? >> i think a view that we now have predictabi

deutsch, thank you. an interesting testimony up until now. i hope it will continue. 110 nations have ratified the paris climate deal which will demonstrate and initiate a need for nuclear power. here here at home, more than 360 businesses and investors support the paris climate agreement in the low carbon energy future for the united states. very concerned about president electron statements about withdrawing from the paris agreement. many nuclear companies and supporters recognize the need for nuclear energy to meet emission goals especially in the short term when we need to manic movement on admissions. what withdrawing from paris have potentially negative consequences on the future of nuclear power? could you give me a yes or no on that and then you can expand of course. >> i don't think so seven or. >> i don't think i can give you a yes or no. i don't think it's a question which micro dashes here are to on the secretary of energy advisory board. not to make comments. >> but you are the expertise that you have directly reflects on this que

we are possibly talking deutsche bank and commerzbank. a campaign launched by the leader of the french national front. andill talk marine le pen what that means, investing in the world of political risk. first, here is nejra cehic. trump isnald considering nominating texas senator ted cruz to serve as u.s. attorney general, according to a person familiar with the matter. speaking to reporters at from towers in new york yesterday, he said the election was a mandate for change, but did not confirm he was under consideration for a job. cruz unsuccessfully sought the republican presidential nomination, and exchanged a vicious attack with trump during the campaign. and but his bank executive board member says germany will walk away from talks on revamping global capital rules unless key demands are met. bundesbank executive board member says germany will walk away from talks unless key demands are met. they meet in the basel committee on banking supervision. barack obama says greece deserves space to allow its economy to grow, and has her new

. >> reporter: the arrangement doesn't solve conflicts like trump's relationship with deutsche bank to which he owes $300 million. the bank is a multibillion dollar settlements with the justice department for trading in toxic mortgages. administrat administration. there is also trump's new hotel in the old post office building in washington. which is leased from the federal government. even the tenants in buildings pose a conflict like state run chinese bank paying rent to lease space on 20th floor of trump tower. it means a foreign government is putting money in the hand of the president and his family. >> julianna getman. thanks. >>> a federal judge in minnesota sentenced three men part of a terrorist cell that recruited somali americans to fight for isis in syria. we profiled one of them recently on "60 minutes." and jamie yucas is in minneapolis. the federal judge read hair sentences alive. abdurahman charged with conspiracy for materiel support. his father is relieved. >> they stopped him and sent him back. you know. to that -- i am very grateful. >> because he is still alive. >>

this is the unicredit and deutsche bank. unicredit is now trading above deutsche bank, matt.y something we are going to watch closely. another thing we will watch closely is "bloomberg surveillance." they will speak to martin gilbert, the ceo of aberdeen asset management. this is bloomberg. ♪ . ♪ francine: and upset victory in the republican primary in france as governments break into the opening. needs a deal? saudi arabia said demand and supply will stabilize without an opec cut. and, theresa may posts are polish counterpart today. she admits the protest is keeping her up at

deutsch, thank you. very interesting testimony up until now and i hope it will continue. 110 nations have ratified the paris climate deal which will demonstrate and initiate a need for nuclear power. here at home more than 360 businesses and investors support the paris climate agreement and a low carbon energy future for the united states. i am very concerned about president-elect trump's statements about withdrawing from the paris agreement. many nuclear companies and supporters recognize the need for nuclear energy to meet emission goals, especially in the short term when we need dramatic movement on emissions. won't withdrawing from paris have potentially negative consequences on the future of nuclear power? could you give me a yes or no on that and then you can expand of course. >> i don't think so, senator. >> you don't think so. >> i don't think i can give you a yes or no answer. >> okay. go ahead. >> no. no. no. i don't think -- i don't think it's a question which, you know -- my credentials here

he goes to the deutsche bank. deutsche bank decides to back him. that is how they manage to find the german ocean shipping company "limited" described earlier. he gets 2 million reich marks as capital to start the project and starts with the naval marines to build the ships. it is sort of interesting how the ships get built. remember, keep the lineage constant. we started with an american boat called the salmon. then we tracked it back to the u-140, which have roughly the same appointments. and the u.s. was beginning to learn from the process. now going back to both like deutschland. the way they are built and the way that happens is interested as wel. loman figures the shipyard in his own town would be the best. he put in a build for them. someone says, i can do this for free no problem. they offered to build the boats for nothing. looking at the small print in the contract, my cargo priorities take priority. in other words, you should what i need to have -- you ship what i need to have ships. this company owns the largest private shipyard in germ

game, deutsche bank has been hammered this year. credit suisse among the big gainers.rkeley, these stocks have have -- have had their biggest week. we are constantly going to see the yield curve steeper across the globe. they could benefit from looser regulation on the finance sector in the united states. the big story has been the selloff we have seen in the bond market. happened twice in two decades. this is the yield differential. both have arisen this week. this is significant. that is the wider spread. could spill over to december's italian constitutional referendum. a fragile economic recovery. we have elections in holland. those are the big political events. this is why we have seen such a big selloff against the dollar. this is the biggest weekly selloff against the dollar. donald trump stirred up concerns about potential populace outcomes. there has also been a flight to sterling. which mr. jones will be telling us about. julie: one of the trends is the dow jones industrial average has been outperforming the nasdaq. intove seen a rotation financials and constr

deutsche bank's chief economist spoke -- describe the current climate. >> my worry is that as we comeer to the referendum day, and as donald trump's changes make themselves felt, you will see investors pull back ,ompletely and we will go to 4% then you will have an impact on the banking system in italy and the rest of europe. for me, italy is the country that i would worry about as a flashpoint. look at where european markets are trading as we head into the close on this monday session. we just came up the best week since july. it looks like stocks will finish the monday session higher, today. that reflation theme is continuing to play out across markets worldwide. we are seeing bond yields rise and equities rise as well. we are seeing money move into the u.s. currency. this is what is happening to european stock markets. let's start with the bond markets. look at the yield on the u.k. 10 year. months ago, itf was at a record low and this is a massive week for the u.k. because we have inflation data which could show inflation rising above 1%. we also have the governor of england, mark

check out the stock of bank of cut at, off by .6%, deutsche bank after the recent run-up.utsche bank says the stock is valued right in line with peers. now it's better valued. this is bloomberg. ♪ emma: this is "bloomberg daybreak," i am emma chandra. coming up in the next half hour, matthew hornbach, morgan stanley head of global interest rate strategy. this is bloomberg, i'm david westin. there's a clichÉ out there that says as goes ohio, so goes the nation. in recent years, ohio has been a good indicator of who will win the presidency. is it true this time? ,oining us as michael mckee tell us, ohio is important, but is it as important as it has been? michael: it's not quite old enough. ohio is voted 13 times in a row for the correct candidate, for the winning candidate. that's not close to the record at this point. bellwether streaks come to an end before time since the birth of the birth of a nation, states of voted for the winter at least 10 times in a row. missouri tight ohio 13 times in a row from 1904 to 1952. ,isenhower lost the state, .2% and even 13 is in close

goldman's and deutsche warned that it was too far too fast, too quickly. yousef: we had the fed minutes which bolster the case for a rate hike in december. that is one front. of course, you had the other aspect with some of the data including durable goods coming in better than expected. let us put this on a chart and show you how this plays out. this is the story. dollar domination, the greenback against urging, the highest in over 10 years. if you take this chart all the since the inception of the bloomberg dollar spot index. we have added the bloomberg commodity index as well. you can see here, that is your traditional correlation. weaker dollar, stronger commodities. that breaks right here. stronger dollar, stronger commodities. the entree rate hike in december inmly -- the rate hike december -- haidi lun has the story. trump has urged americano to put the device is political campaign behind them and rally together to build a thriving nation. in a message for the things giving holiday, he offered words of conciliation and unity. prayer thatt is my on t

lawmakers is reportedly warning that president-elect trump could provide protection for deutsche bank. some house democrats say he will have ample opportunity to influence policy decisions including the justice department's proposed $14 billion fine. in a letter sent to financial watchdogs, lawmakers claim deutsche bank is the only major wall street bank that has continued to lend to trump inc. >>> donald trump is trying to add diversity to his cabinet selections. kristen welker reports. >> reporter: president-elect trump with a thanksgiving message for the nation. >> it's my prayer that on this thanksgiving we begin to heal our divisions and move forward as one country. >> reporter: it comes as he's trying to diversify his cabinet today, tapping two women including 44-year-old south carolina governor nikki haley to serve as ambassador to the u.n. haley, whose parents emigrated from india, is a rising star in the republican party. she was sharply critical of trump during the primary. >> i will not stop until we fight a man that chooses not to disavow the kkk. >> but taking a more meas

mark: deutsche bank chief executive john cryan from euro finance week in frankfurt.till ahead, investors have been adopting and america's first strategy since the u.s. election. we will take stock on this etf friday. this is bloomberg. ♪ live from london and new york. i am mark barton. vonnie: i am vonnie quinn. this is "bloomberg markets." it is time for our etf friday segment. abigail: they will stop taking new creations, popular products .ave over 2 million in assets here to discuss this is senior etf analyst at bloomberg intelligence. thank you. when we were talking before the segment, some breaking news came out yesterday. can you tell our viewers what is happening? eric: i think more alarmed. recover etf's and they have done good for investors. we have three different oil etf's, two from velocity shares, which are basically credit suiss and one for barclays, so they are halting new creations of shares. what that does is make it impossible to do arbitrage and what you have happening is that three them, crude oil times leverage and inverse, have combined $1.7 bil

donny deutsch, eight years ago on this very day, donny deutsch turned 70. >> yeah.appy birthday, donny. >> you and bernie. >> healthy 78. >> when you take the hgh, it kind of reverses back. so i'm actually 41 today. >> ew. okay. >> me and canseco, we celebrate together. >> the bathroom. >> that sounds like a great -- >> awesome. happy birthday. >> bernie sanders, senator sanders, went even further during remarks on monday in boston. according to boston magazine, while explaining how to fight trump, he told a crowd in part, quote, one of the struggles that you're doing to be seeing in the democratic party is whether we go beyond identity politics. he goes on. it is not good enough for someone to say i'm a latino, vote for me. i have to know whether that latina is going to stand up with the working class of this country and is going to take on big money interests, he said. this is where there is going to be division within the democratic party. it's not good enough for someone to say, i'm a woman, vote for me. no, that is not good enough. >> who is he talking ability?

it is thought deutsche bank is a big lender.nteresting that certain democratic lawmakers are making sure this is an issue so he doesn't get involved in the doj settlement. >>> back to the markets. on the question of the banks, they have really lit up since the election, been the brightest sector. does that bank rally continue on this idea that maybe regulation will roll back, the yield curve is steepening, the fed will raise rates and the economy will pick up. >> i think previously the financial services stocks across the world were troubled by low and flat yield curve, by overregulation, skepticism by investors. now a lot of those head winds are starting to fade. most houses, ourselves including, we believe we will have a december rate hike. we have a steeper treasury curve and more importantly and policy-wise with donald trump's potential reduction of dodd-frank or dismantling of it, as has been quoted, of course you have increased profitable questions for u.s. financials, perhaps some of that is bleeding into the european fin

. >> that's deutsche land. viva deutsche land. >> fully employed. peter a real pleasure. thanks for coming in. >>> that's it for "squawk box". we'll be back to do it all over again. . >>> good morning. a world of worry. nervousness about the u.s. presidential election and fed. >>> a developing story. microsoft says hackers linked to the russian military have exploited a windows flaw, the latest on that straight ahead. >>> plus chicago stays alive, the cubs top the indians to force a deciding world series game seven. >>> it's wednesday, november 2nd, 2016 and "worldwide exchange" begins right now. ♪

with deutsche bank and the u.s. foreign policies.a nonpolitical process and they talk about the issues they need to talk about and they will find a nonpolitical sentiment, something that has to do with issues there. mark: with many investors questioning deutsche bank's capital levels, are you feeling of the about you come negotiations, the settlement talks? >> i have trust in the , andiations on both sides that they are talking about what they are supposed to be talking about. sooner or later, we will find the results but you understand i do not go into detail right now. mark: of course. i do respect that. we will smoothly move on to brexit. of the high court rules last week, the ruling essentially ensures at least until the supreme court makes its ruling, that theresa may have to get the approval of she cannt before trigger article 50. how much do you think this could delay the triggering of article 50? depends on a possible debate in parliament of the u.k. halon that will take. but we expect is the process starts sooner than later.

the arrangement doesn't solve conflicts like trump's relationship with deutsche (doy-chah) bank....one of his main lenders. disclosures, (gfx in) he owes the bank more than $300 million dollars in mortgages. the bank is currently in multi-billion dollar negotiations with the justice department to settle a fine for trading in toxic mortgages in the run-up to the financial crisis. closer to home there is the trump old post office hotel where the landlord is the federal government which trump will now head. (on cam julianna goldman/cbs news, washington, dc) the general services administration oversees the land and trumps lease and they tell us trump will be appointing the new head of the gsa -- and is able to renegotiate that lease under certain conditions. julianna goldman, cbs news, washington. (suggested anchor tag) ((paul joncich)) >>> trump adviser rudy giuliani said yesterday that trump's three children eldest children would not advise their father once he becomes president in january./// ((christianne klein)) with president-elect, donald trump, vowing to crack down on illegal immig

deutsche bank and chief u.s. equity strategist david bianco predict that by the time trump takes office in january.. the s&p 500 will top 2,250. bianco also says a trump administration will create a greater chance of a long u-s economic expansion that could rival the current 10-year record. finally.. more trouble for chipotle tonight. 3 people are suing the restaurant chain claiming they the complaint specifically cites the chorizo burrito. chipotle claims it's 300 calories. the plantiffs say it could be at least 700 calories. chipotle's sales are down 22-percent compared to the same quarter last year. a warning about this toy truck..... you may have already bought..... for a christmas present!!! "toys r us" has now stopped.... selling it..... after it burst.... into flames. a couple in washington state says.... wheels dump truck.... for their grandson... and.... were driving home..... when the toy suddenly.... caught fire. delmond harden / toy caught fire in truck: "the officer, when he looked on, he said, the f

and another big question is what is going to have with deutsche bank. stocks of sword after donald trump won the election. u.s. authorities are finding the bank. now president-elect has stands for it conflict of interest. >> it has become one flesh known as the world's most dangerous bank. it is obvious that trying to negotiate down to $14 billion penalty. now the banks relationship with incoming president donald trump and what that would mean for the negotiations has come into focus. it has been one of trumps biggest lenders. in 2003 at helped finance the trump casinos in atlantic city. in 2005 it helped develop the trump international hotel and tower. there was also financing f post pavilion. trump has campaigned on more relaxed regulations for the financial sector. he may be under pressure to show he is -- it brings into the larger question of his corporate career. just one more wild card the future administration. a group of eco-activist has swum across the dead sea and attempt to raise awareness about the deteriorating condition of the salty lake.

ein deutsch soldat, nein? ein, zwei, drei, wir gehen veveittels schiessgewehr. i'm a scientist, not a military man. oh, come now. we're all military men under the skin. and how we do love our uniforms. what an interesting weapon you've got there. do let m msee it. how does this work? ah, yes. this won't kill, and this will. oh. oh, how marvelous! devastating! why, this could kill millions. who will you start with, are we your next targets? oh, how absolutely typical of your species. you don't understand something, so you become fearful. now, do let me anticipate your next question. you want to know how i've managed all of this. that's correct. we, meaning i and others, have, to state the matter briefly, perfected a system by which matter can be transferred to energy and back to matter again. like the transporter system aboard the enterprise. process. you see, we not only transport matter from place to place, but we can alter its shape... at will. this drawing room... did you create it by rearranging matter on this planet? quite. i see. how did you mamage-- dear

. >> trump's relationship with deutsch bank, he owes the bank $300 million in mortgages. they are in negotiations with the government. . . presidential debates in 2004 and 2008. she stepped away from the newsdesk in may for treatment rticipate in >>> last year she monitored the debate between bernie sanders and hillary clinton last year. she stepped away in may and unable to participate in recent coverage. she was 61 years old. >>> the san jose police officers association is announcing a 10 $10,000 reward for leading to information for a gunmen who opened fire at two sfpd officers. the confrontation happened at 7:30 last night. the officers approached a group of men who ran off. the investigators say that one of the men turned and fired several shots. the officers were not hit and they did not return fire. that came hours after a man shot and killed a county sheriff's deputy. he was arrested for trying to steal a woman's purse where deputy wallace was found dead. they believe he fled in a stolen van when he was shot execution style. >>> deputy wallace was killed outside t