, aunque tuvo obstáculos que sobrepasar. >> agradezco la ayuda de la familia chávez. >> elisa es unatar el abuso infantil mano de clérigos. >> un nuevo vídeo muestra un tiroteo involucrando ic esto f restaurante de comida rápida. >> no quisieron repararlo hasta que telemundo responde interv o intervino. >> y las autoridades buscan a este hombre sospechoso de presuntamente robar ropa interior. >> recuerde que puede seguirnos por redes sociales las direcciones en pantallas, y puede descargar la aplicación telemundo48 en diferentes plataformas. >> m(musica). > >> (musica). >> el papa francisco ha decidido endurecer las leyes para prevenir y combatir el abuso a menores por miembros del clér o clérigo, con estas normas se obliga a denunciar los abusos a las autoridades pertinentes. >> este cambio de política busca convertirse en todas las iglesias católicas del mundo. entra en vigor una nueva ley para las empresas que vendan por internet, este impuesto de ventas que serán en el estado, pagará un poco más en algunos productos, esto debido al impacto que estas tiendas tienen en tiendas loca

elisa: it is the environment and you see that is a real cost to the industry. is something he could do. cost is always a lever that managers can pushed harder on. good is more they can do he did pledge in next or $300 -- an extraavings $300 million of savings. there might be more than he could do there. guy: thank you very much indeed. joining us from bloomberg opinion on the ubs shock. vonnie: let's chicken on bloomberg first word news. mark: as you mentioned, president trump is headed to ohio. the president will visit the general dynamics factory that builds tanks and other armored vehicles. it is set to grow from 400 employees before he took office to 1000 by the end of the year. a way to turn attention away from the general motors plant whether presidents had promised to turn -- to bring back jobs. that factory set to close. supreme court justice clarence thomas asked his first question in years in an argument over racial discrimination. the posed his first question in the final minutes of an argument over curtis flowers, a mississippi murder defendant who

mateo does the boat building the sisters elisa baker and alaina take care of sales and management. it was a natural step for us we could never give up a family history that goes back a hundred and thirty five years we know we're an experienced but we're doing this with all our hearts and we have competent craftsman i think this is going to work out fine. because in. eight different kinds of what are used including solid oak for the sides and malleable walnut for the frame of measurements are done in venetian feet not metres finally six layers of blackshear lack the many cases dominica tremonti in found at the family business an eight hundred eighty four this is my grandfather that is a construction drawings has the fourth generation my father when people asked what does your dad do i'd say he builds gonzales. now the family secret of this special gondola can be carried on it's a win for the city of venice and it's a world renowned canals. you're watching news live from berlin world stories is coming up next you can also get all the news and information around the clock on our websi

elisa is live with all of this. good morning. >> good morning. this is where that meeting will be tonight inside of the library. 98% of the teachers in that union voted to authorize that strike if not agreement is reached. teachers want higher pay, smaller class sizes, nurse, librarian, counselors. the san ramon valley education association voted to call the strike if a contract is not reached. there is almost 1700 members of that union. they say that district manager should check with teachers who are inside the classrooms before making their budget. they want a contract that is centered around students and providing the best possible education. tonight, there is a town hall meeting for dougherty valley high school to explain to parents what that would mean starting at 8:30 p.m. and will be held inside of the library. live in san rod moan, elisa harrington, ktvu fox 2 news. >>> california forestry officials have a plan to better manage the forests. after two years of devastating wildfires, the forestry department announced yesterday a plan that

elisa: you have the bigger institutions in germany that still control a fraction of the market.es out there at the moment .2 deutsche bank and commerzbank together having 10 or 15% market share. that leaves behind the hundreds of savings and holding lenders that they compete with. companies, savings and lenders that don't actually need to make a large profit as privately owned institutions. this combination of the two institutions would do little to change that. theou say, that is part of remnants of the banking union which hasn't happened. you still have very distinct locals and distinct regulators that still have a say and how these institutions run and how the market can compete. jason: what happens from here? elisa: i don't think there is a sense here that there's going to be a massive appetite to expand in europe, given the structural inefficiency that remain and the unfinished project, which is the bank union. even within the eurozone, the 19 countries, they don't have a single deposit insurance guarantees game, for example. -- guarantee scheme, for example. that means the

elisa: you have bigger institutions in germany that only control a fraction of the market.imates out there at the mind and -- at the moment point at deutsche bank and commerzbank together having potentially is a 10% or 15% market share. that leaves them behind the hundreds of savings and corporate lenders they compete with. these companies don't actually need to make as much profit as privately owned institutions. so the combination of these institutions would do very little to change that. that, as you say, as part of the remnants of the banking union little to change that. which hasn't really happened. you still have distinct markets and distinct local regulators that still have a say in how these institutions are run and how the market can compete. jason: what happens from here? in your best estimate? elisa: i don't think there is a sense here that there will be a massive appetite to expand in europe, given the structural inefficiencies that remain. and this unfinished project, which is bank unions. even within the eurozone, the 19 countries that share the currency don't

elisa she could i mean things from when she first arrived a lot of people in the valley didn't quite know how to react to this. but they're not used to seeing strangers and they're certainly not used to seeing a black man maalik was this in previous to fall but she's very open and very honest . that it was from all the file and i noticed over time people grew quite fond of these took it and thought the most unquote of the little short to show much. more you know. she's a very important part of the community now and i'm glad she's here to make it she actually. senior remiss in amman. pricing sitting around in the muck again were you how dare you i think that on that . last thing. they're very nice girls don't do that thing. comment most of the credit card to go today's acarya ok. if there was a second ria suddenly landed one hundred eighty girlfriends. all goats. i know right just about. to burst lived in italy after graduating from high school when she got a scholarship and came to trento to study sociology at the university. then she went back to ethiopia. but return to italy and tw

. ♪ locutor: este es su noticiero univisiÓn,elisa no toma, con enrique acevedo y patricia janiot.os indocumentados a sus oficinas para seguir adelante con su solicitud de residencia. cuando llegan allÍ, los veamos lo que se conoce s. como " el anzuelo". reportera: esta organizaciÓn denunciÓ el aumento de la prÁctica conocida como " anzuelo", donde segÚn ellos, el ice cita a los inmigrantes que estÁn en el trÁmite de su residencia, los arrestan, y los ponen en proceso de deportaciÓn. esto estarÍa pasando con inmigrantes ilegales que estarÍan regularizando su situaciÓn tras casarse con ciudadano estadounidense. >> lo que hemos visto en los Últimos aÑos desde que comenzÓ la administración del presidente trump, es que ha habido esta prÁctica de " anzuelo", donde inmigrantes que estÁn haciendo el proceso legal para recibir sus papeles, van a sus visitas en ice, y son detenidos. reportera: el caso delindocumentado oscar bandas, serÍa uno de ellos. acu esposa que es demostrar que su matrimonio es legÍtimo, y solicitar su residencia permanente. luego de la entrevista, los separaron, y a É

reason of conscience refused to carry out abortions that are allowed by law in addition doctors like elisa better are defanged what they. call a c. but they behave as though doctors who refuse to perform abortions are dedicated to noble medical causes here while those who do terminations are engaged in dirty work you know. once i told a colleague that i do abortions. and she told me you're just like herod murdering children an abortionist is by no means a proper dr. bell is a better volunteers as well and organizes many events despite the political headwinds she says women should be better informed of their rights and where they can get help. he. says oh no many more women have died because someone refused to do a life saving terminations. that hundred but it's us who have to defend ourselves and. many women want to maintain their right to legal abortion and will continue to fight the surge of conservative policy in their country. now a disturbingly large number of people in poland believe their country could be invaded or practically any time by migrants islamist terrorists or russia and

i'm thinking obviously of the seans elisa in paris plus pavan on the boat and plastic up italian to lose. one measure follows the eighteenth consecutive weekend of anti-government rallies again they were marred by violence with fires being set luxury scopes looted and clashes with police but in a culture of a report from the charred and ravaged shelves on the say. one of the world's most glamorous avenues looks very different this monday a burnt out kiosks shattered windows and graffiti on luxury stores that's the face of the iconic sounds that we say after the protest on saturday the french government has already admitted that not enough was done to prevent extreme rioting from taking place analysis of events shows that the measures taken proved to be insufficient in containing the violence and preventing the actions of the rioters protesters who are throwing rocks right into the windows of the shops they used molotov cocktails flares and pieces of piece meant to damaged buildings police say ten thousand people gathered here on saturday and among them fifteen hundred extremists were ide

politician has been accused of collaborating with russia will tell you about that now this time it's elisa interior minister mattel's selvi he said to have received funding from moscow. proof yes it is very clear and i denounce it now salvini is receiving money he is going to receive huge amounts of money from russia from russian banks for the next electoral campaign so that he can continue to undermine the values of the e.u. so that from here in parliament vice president that statements raise concerns of italy politicians they demanded to know where selvi these funding came from is no the league party denies taking money from russia but salvini has been accused of kremlin links before. if cell vinnie feel so at home in moscow in bed with putin why does he stay there he's betraying the collective european interest let's go live now to the northern league so foreign relations centric loaded to make thanks for joining us this morning can you comment on these claims in that mattel survey he's receiving russian money true or false or absolutely false i have to tell you this gentleman said that

. >> at the time katherine quintana's daughter elisa was the only family in the hospital room. quintana had left her daughter behind after the doctor assigned to her father in the icu explained that she would give the family the final results the next morning. instead, a different doctor rolled in via video. so he never heard from the doctor the prognosis. he heard it from your daughter? >> yes. because he couldn't understand the man. he couldn't hear them, and the robot couldn't come all the way in the room. it could only come so far because it's a big machine. it couldn't come close enough to my dad. so there was no bedside manner there was no compassion. he was reading in a script. >> 78-year-old ernst quintana died a day after the news that his lungs were failing. >> my dad's reaction was to my daughter, well, i guess i'm going to go quickly, then, and he put his head down. that was it. >> kaiser permanente defends its use of technology to treat patients and confirmed as part of its policy, a nurse or a doctor is always in the room. in a statement to abc 7 news, kaiser said

elisa's granddaughter was only a week old when disaster struck. translation: we hid in the ceiling.died. but many are still unreached. both bridges into this community were washed away. the people here improvise. the water is receding now, but then there are communities that have still not been reached. we're going to find one of them now. it's completely cut off more than two weeks later, and it's still not received any help. the local school is now a shelter. i'm told 160 people live here. they try and salvage their crops, but hopes are fading. the harvest is rotting, leaving them without food and seeds. and now more fears, as a child suspected to have cholera dies. unless conditions improve quickly, more lives could be lost. anne soy, bbc news, beira. in the united states, one of the accusers in the sex abuse case against r kelly has now spoken publicly for the first time. lanita carter was once the hairdresser of the r&b star but claims that in 2003 he tried to force her into sexual activity. no prosecution was ever brought, although the singer did pay ms carter several hundred

violence for fires being set luxury shops looted in clashes with police next as one of the shells elisa. one of the world's most glamorous avenues looks very different this monday a burnt out kiosks shattered windows and graffiti on luxury stores that's the face of the iconic show i'm selling say after the protest on saturday the french government has already admitted that not enough was done to prevent extreme rioting from taking place analysis of events shows that the measures taken proved to be insufficient in containing the violence and preventing the actions of the writer's protesters who are throwing rocks right into the windows of the shops they used molotov cocktails flares and pieces of pavement to damaged buildings police say ten thousand people gathered here on saturday and among them fifteen hundred extremists were identified two hundred forty people were arrested and over eighty shops including some luxury boutiques were vandalize. the french president was forced to cut short his skiing trip for an emergency meeting he said that what happened was no longer a demonstration i

elisa: so far, yes.rger talks were they said they are not willing to embrace -- francine: this would be cheeky for politicians when they see .he scale of job cuts does it mean anything for angela merkel specifically? it detracts from what they really in efficiency is in the banking world. yes. the two banks would become bigger but it is still faced with competition from other banks. it still makes the market very cutthroat and this will not change that anytime soon. doesn't appear to be on the agenda. taylor: when we talk about the job cuts, is this enough to get bothountries to return to revenue and profit growth? elisa: even if you can get the job cuts and the savings through, it is somewhat exposed to trading and the securities unit which is still inefficient. and you're left with a bank that is very geared to interest rates. and there's not much change in the rates. they are here to stay and this won't reduce being exposed to that. taylor: does this prove that bigger is the only way to get that are?

elisa: it is almost a surprise that it has come so late in the day.ltiple investigations the bank is facing from the u.s. to investigation at home, that is pertaining to management's handling of the scandal as it broke, which is perhaps more alarming than the scandal itself, which dates to earlier years. lostems the managers have investors' confidence. francine: we are talking about swedbank and others facing allegations of dirty money. elisa: what starts as a small bignt has turned to be a desh a bit deeper. -- a bit deeper. announced on the order of $200 billion. if that were the scale to affect swedbank, that would create different circumstances. tom: it is so important to see this single sentence that was in the bloomberg reporting on the new york state financial services regulatory body. bythis effort being pushed u.s. regulators? are they cooperating? are they tangential? what are they to e.u. regulators? elisa: the u.s. has had some jurisdiction and has come down harder on money laundering cases. there is a push from that angle. , yourope on th

elisa y eva villarreal, las edades oscilan entre los 18 y 16 aÑos, los hermanos serÍan san franciscola intenciÓn de veras a quien se encuentra en condiciÓn crÍtica, como nos cuenta la mamÁ las vÍctimas. >> queremos que las personas sepan que las familias lo mÁs importante, nuestros hijos venÍan a mirar a su padre, que estaba en el hospital en cuidados intensivos y esta ha sido una tragedia muy grande pero sabemos que ellos son triunfadores. >> uno de los hermanos de las vÍctimas de respuestas a lo ocurrido >> solamente queremos saber las razones detrÁs, ese rincÓnno es permitido para que los camiones en requena y, la situaciÓn serÍa diferente, estarían mis hermanos guayaquil y eso no estarÍa imparcial>> por otra parte la ciudad de san josÉ terminÓ el mes de febrero con siete homicidios, la vÍctima mÁs reciente fallada de vida en el interior de la residencia. el hecho se reportÓ en el bloque 900 y hasta el momento no se han revelado las causas que provocaron que perdiera la vÍa, la víctima de una mujer, el reporte hecho al 911 informÓ que la mujer al ser encontradas cubierta de sangre

elisa's granddaughter was only a week old when disaster struck. translation: we hid in the ceiling.both bridges into this community were washed away. the people here improvise. the water is receding now, but then there are communities that have still not been reached. we're going to find one of them now. it's completely cut off more than two weeks later, and it's still not received any help. the local school is now a shelter. i'm told 160 people live here. they try and salvage their crops, but hopes are fading. the harvest is rotting, leaving them without food and seeds. and now more fears, as a child suspected to have cholera dies. unless conditions improve quickly, more lives could be lost. anne soy, bbc news, beira. imagine a world in which you feel no pain. that's what it's like for 71—year—old jo cameron, it's all she knows. the pensionerfrom inverness has a genetic mutation which means she feels virtually no pain — and never feels anxious or afraid. she didn't realise she was different until doctors were astonished that she didn't need painkillers following a serious operation

elisa's granddaughter was only a week old when disaster struck. translation: we hid in the ceiling.ached. both bridges into this community were washed away. the people here improvise. the water is receding now, but then there are communities that have still not been reached. we're going to find one of them now. it's completely cut off more than two weeks later, and it's still not received any help. the local school is now a shelter. i'm told 160 people live here. they try and salvage their crops, but hopes are fading. the harvest is rotting, leaving them without food and seeds. and now more fears, as a child suspected to have cholera dies. unless conditions improve quickly, more lives could be lost. anne soy, bbc news, beira. you are watching bbc news. imagine a world in which you feel no pain? that's what it's like for 71—year—old jo cameron, it's all she knows. the pensionerfrom inverness has a genetic mutation which means she feels virtually no pain and never feels anxious or afraid. she didn't realise she was different until doctors were astonished that she didn't need painkille

. >> thank you, elisa. >> no boeing 737 max jet will be allowed to fly in or over the united states. that's after president trump and the f.a.a. ordered the boeing planes grounded. three airlines in the country fly a total of 72. southwest has the most with 34 max 8s in its fleet. american airlines has 24. united has 14, the bigger max 9. kayak is updating the search feature after fearing from customers that it is worried about the jets. it adds a search fielder that would exclude a particular jet from their features. another website, trip advisors says that it will start identifying the type of aircraft used. we checked this morning and it has not listed the planes just yesterday. >>> governor newsom signed an executive order halting execution. i believe in justice. i believe that crimes are so henious that people should spend time in prison. i have deep empathy for victims and i believe in justice. >> in 2016, california voters reject add ballot measure that would have repealed the death penalty and voters approved proposition 66 aimed at streamlining the death penalty appeals proc

what can you tell us this morning, elisa? >> reporter: behind me, you can see the house. firefighters are getting ready to leave the scene. they got it under control but look at the damage right there. charred belongings. looks like the fire damaged the garage. firefighters arrived to this home on bonham way to find smoke coming from the garage area. windy at the time. the wind pushed the flames and smoke around making it tough for firefighters to figure out where the flames were coming from. the house was also l shipped. battalion chief paul silva described loud explosions coming from garage. >> as crews arrived, we put crews in aggressive position, got the fire knocked out quickly, controlled the fire quickly in the garage. a resident inside had minor burns to the hand. we transported her immediately to the hospital. >> reporter: they don't know the cause of fire but the fire is looking suspicious, they say. take a look at the damage. you can see some firefighting quite still on the street. we don't know the extent of the injuries to that woman. once again, she was take

. >> in danville, elisa, harrington, ktvu fox 2 news. >>> governor gavin newsom says that he will be doing some fact finding on the impact that president trump's policies is having on the board er communities. they say that president's rhetoric and immigration policies have hurt their community. >> she just leaned over to me and she says something very important. she said, i hope that the people that are making the decisions, particularly related to the border, will do it in a humanitarian way. and remember us. and think about the impact of their red rick, think about the impact of their decision making in a deeper level, on a human level, at and community level. >> governor newsom's visit comes as san diego prepares to open the first of it kinds release center for immigrants in that county. >>> flex week, the as a matter of fact is expected to vote on a bill opposing president trump's declaration of emergency. yesterday, homeland security secretary kristjen nielsen called the situation at the border a crisis. >> we in this country do not take children to jail. >> i take that as a ye

let's go to elisa harrington. >> reporter: the district and the teachers union signed 11 tentative agreements. there is no agreement on a big one, class size. >> the last one is on article 14, are which is class size which includes ratios for our nurses, how librarians, counselors, case load and maximums for our secondary teachers. >> we have made outstanding progress. 11 different tentative agreements, which is excellent work. we still have more work to do but we are looking forward to getting back to the table and finishing up. >> parents packed a town hall meeting last night at dougherty valley high school where teachers briefed them about what's happening with the negotiations. a lot of them wore red to show support for teachers. teachers want higher pay, want more nurses and counselors. both sides hope to get back to the bargaining table soon. we don't have a date yet on the next session but teachers say that if they don't have an agreement, they are prepared to strike. >>> in the south bay right now, the san jose unified school district is taking suggestions to rename a middle school cu

elisa: we know this payment would have gone through and it would be part of a large sum.llegations were of a number closer to $10 billion of suspicious payments over a number of years and now that number seems to have swelled to as much as $20 billion a year. this would be part of a wider scale issue. guy: we will leave it there. thank you very much. press conference between the swedish prime minister and the danish prime minister. we will bring headlines do you. this is bloomberg. ♪ vonnie: it is time for your latest bloomberg business flash. a look at some of the latest business stories in the news. health insurer centene has agreed to part -- has agreed to buy well care for more than $15 billion. both insurers have built businesses around u.s. health care programs. tene is focused on medicaid and the affordable care act markets. this takes place as debate over the aca heats up. we've been speaking with the co-ceo of the tpg at a bloomberg summit today. says he was shocked following the charge following the college admissions scandal. >> when the news first broke it was

. >> good afternoon, i'm elisa skaggs. i'm with page and turnbull. we're pleased to present 809 montgomery to the commission. our team are the project architect. just as a quick recap, we kicked off this project back in 2016. we had certificate of appropriateness in april of 2017. as rebecca said, we've met with the telegraph couple of times in september and in february and since may 201 2017 we've been working with planning staff to make sure that the project was ready for your review. for today, we'll talk about compatibility with the neighborhood and building. we will give you brief design review. the building is located in the jackson square historic district and the building is located on montgomery street between jackson street and pacific avenue. preservation consultant, our scope included historic research and we didn't uncover lot of photographs we did determine that the openings on the montgomery street facade are original, there's windows and storefronts have been replaced. the building is located in the jackson square historic district an

elisa: yes.s interesting was that not only is the investment bank under a lot of stress, but the wealth management business saw something similar. he was staying on the sidelines and not doing very much, and that led to as much as a 25% decline in transaction income, which will see revenue come down the first quarter. that combined with the investment bank -- yes, it is pretty bleak. joe: noted economist alan krueger passed away over the weekend. his family releasing a statement saying he took his own life. krueger was an expert in labor economics and served as chair of the council of economic advisers for president obama before joining princeton as a professor of economics and public affairs. talk to us about the legacy of the impact he had on colleagues , in media, the government, and so on. peter: there was something magnetic about him, charismatic. he had a lot of friends here at bloomberg. he appeared regularly on bloomberg tv. he cared about policy. a lot of economists are very taken with t

elisa, we heard threats like this from the president before. i want you to listen to the commissioner warning early they are week. >> two weeks ago, i briefed the media and testified that our immigration system is at the breaking point. that breaking point has arrived this week at the border. cbb is facing a border security crisis along the border. >> okay. so the president's threat. is it a justifiable one this time around? is there a crisis or is this politics? >> there absolutely may be a crisis. it depends who you ask which side if it is justifiable. there is no doubt that there has been an increase of people coming to the border. "usa today" reported they are having a hard time hiring age s agents. they have to promote the program. there has been an increase. both sides of the aisle in congress will say there is a problem down there. how they define and what they should do is where they breakdown. that is why they are having a hard time coming to any sort of solution on what to do next. >> kevin, the likelihood the president follows throug

they have been very small amounts, elisa studies that i have seen. and they certainly are not conclusive about major exposures to the population. my favorite saturday night thatskit as bad as their asnwer going on a fishing trip. he is sitting there in the fishing boat and there is this huge hydrogen bomb. he said yep, they added too much water. the question is, what is the status of the plant? is it still there and nobody goes and it? or is it a national historic site in their doing tours? mr. walker: yes, the plant is still there. it has been cleaned up. there was contaminated water. the innards of the plant have been scrubbed down and cleaned up. the reactor itself is now in storage out in idaho. not in pennsylvania. which is good because i drive past there a lot. that was a joke. [laughter] is it a national historic site? no. the cooling towers are still there. the containment building is still there. the thin plant is operating -- operating.is but units to, where the accident was, is a muslim -- mausoleum. so yes it is there, but the most danger

>> joining us now is democratic congresswoman elisa slot kin.ank you so much for being here, congresswoman. what did you think about that resolution yesterday? did the rebuke go far enough? >> i think the resolution was good, it was talking about being against discrimination generally. i think that's a pore thing. i think that any time anyone raises the issue of dual loyalty it's going to raise a lot of eyebrows and concerns, it does for me. but i think the resolution yesterday was at least a good first step. >> what about what the congressman said there why was it so hard to singularly condemn what sparked all of this? singularly condemn anti-semitism and perhaps even name congresswoman omar? >> sure. i think anyone is able to condemn it at any time. i think what happens when you brought it into the caucus is people, you know, pointed out that there were issues of discrimination going on across the country even last week and people wanted to do something more general. i don't think there's anything wrong with that, but it doesn't preclude other

miss elisa rice, president and ceo national fair housing alliance, miss teeshi reeh, mister edmond marwinski and thomas brown of law firm paul hastings. without objections, your written statements will be made part of the record. each of you have five minutes to summarize her testimony. with one minute remaining, a yellow light will appear. at that time, i would ask you to wrap up your testimony, so we can be respectful of both the witnesses and the community member's time. miss rice, you are now recognized for five minutes to present your oral testimony. could you make sure your microphone is turned on? >> chairman waters and members of the community, thank you so much for inviting me to speak about the need to overhaul our credit reporting systems. the national fair housing alliance has worked to address how the u.s. credit system restricts access to consumers of color since our inception 30 years ago. our work with industry partners and our network of over 200 community and state-based organizations gives us unique insights into how credit markets function and impact our underserved commu

elisa: on the money laundering side and the allegations coming through reflect the fact that it has been of banking. angst have been slipping through the cracks consistently -- beings have been slipping have been things slipping through the cracks consistently. draghi did not quite say how he would look at negative interest rates. tom: what does deutsche bank at the wall in london look like in five years or five months? do we have an idea of what it will look like? would a lot of observers argue that whatever happens with commerzbank, they would need to shrink that investment bank considerably, potentially exit the u.s. entirely or scale it back. whatever happens with commerzbank, that appears to be something they will have to tackle. we will be hearing more of the next few weeks how that deal will come together, if it comes together, and whether it will come with other parts of the sold, likeat are their asset management business. that could affect the outlook for investors and asset sales. tom: going over to the balance raised, elisatal enoughzzi, cannot say for her work. coming up, sh

francine: thank you so much, elisa. chief executive and founder of liberty bank which specializes in lending small businesses. cabinet minister of economic development under the prime minister. themos fiotakis. you have a challenger bank. >> more than a challenger bank. francine: it is a challenger bank for our intended purpose, you want to lend to small and medium enterprises. italian banks are under pressure. what makes you think you can do a better job than them? problems -- the real problems in italian banking are behind us. toxic assets are not an issue anymore. it has been moved out. in the shadow banking world, that is an issue, but we will not talk about that now. banks have been clean. the real challenge today is to face the challenges of the redesign of the financial service word. digital technologies on the one side, new regulations are totally reshaping the industry and new paradigm banks that are specialized banks with totally new and innovative business goods, we succeed and make money and tap needs that t