erik nielsen from unicredit.uity markets are up strongly. 1.67%.o stoxx 600 the s&p up 1.65%. volatility, we from a must watch from global wall street. stay with us. ♪ . . we live in a pick and choose world. choose, choose, choose. but at bedtime... ...why settle for this? enter sleep number and the ultimate sleep number event going on now. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. right now find our c2 queen mattress starting at only $599.99. know better sleep with sleep number there is no gain from russia-saudi oil talks. commodities struggle to find a bid. last hour.in the there is agitation in a new markets, living with a new volatility. in march, april, september, and october, madness. good morning, everyone. tidjane thiathis is "bloomberg e ." this wednesday, february 17. guy johnson in london. guy, give me an update on where the eu banking crisis wi

erik nielsen joining us from unicredit. manus: come back early again.ourth-quarter earnings, at the top of the hour, analysts expecting a solid quarter. if you are a mercedes-benz driver. i know you don't drive it all. anna: i don't have a car. i don't have a car. hans nichols is in berlin. don't talk about my driving. tell us what to expect from daimlerchrysler. daimler truck division is what we will be looking at. here is what we are looking for, namely. the profit margin, will it come before 10%? analysts expected to do so. we saw the fourth quarter, really a question of the two countervailing forces. one, the slowdown in emerging markets. although mercedes held up in china when you look on sales. and what sort of bunk they get from the week here, what will that factor into? the main number we are looking at is the profit margin, also looking for the outlook in 2016. you will get this in about four minutes. not only truck sales in the states, we saw them taper off in january. something funky may have happened with the numbers. a could be an indicator

erik nielsen, the banking sector has been battered -- undo so or -- unduly so or rightly so? unduly so, but there is barely smoke if there is no fire. the issue is as martin says correctly in the "ft," financial institutions are complex animals, and we have been burdened from business, regulation -- the natural change we have to go through, commit to it and what have you, and then we have a flat yield curve. you follow short and then longer, but the curve has been flat for 5, 6 years. guy: the possibility of further negative rates seen as a real possibility to we are bashing the banks at the time we need them to do better work. erik: that is right, and it is a problem. alix: something that may be appealing to activist investors, they are nowhere to be found. you had an article about this out today. why are activists shunning european banks? lionel: it seems like it would be attractive for them given that you could maybe be involved in push management, make some tough decisions that they have not taken yet. the problem is that activist investors are not really sure who is in co

erik nielsen, the banking sector has been battered -- unduly so or rightly so? nduly so, but there is barely smoke if there is no fire. the issue is, as martin says correctly in the "ft," financial institutions are complex animals, and we have been burdened by a whole lot of new cost, business, regulation -- the natural change we have to go through and what have you, and then we have a flat yield curve. you follow short and then longer, as my daughter points out, but the curve has been flat for 5, 6 years. guy: the possibility of further negative rates seen as a real possibility. we are bashing the banks at the time we need them to do better work. erik: that is right, and it is a problem. alix: european banks trade for less than their book value, something that may be appealing to activist investors, but they are nowhere to be found. lionel, you had an article about this out today. why are activists shunning european banks? lionel: it seems like it would be an attractive trade for them given that you could maybe be involved in push management, make some tough dec

erik nielsen, the banking sector has been battered. unduly so or rightly so? : unduly so, but there is barely smoke if there is no fire. i think the issue here is that as martin says correctly in the "ft," financial institutions are complex animals, and we have been burdened by a whole lot of new cost from survey, regulation. the natural change we have to go through and what have you, and then we have a flat yield curve. for a bank, ultimately you live off the transformation, borrow short and then live longer. but the curve has been flat for 5, 6 years. guy: the possibility of further negative rates seen as a real possibility. we are bashing the banks at the time we need them to do better work. erik: that is right, and it is a problem. alix: european banks trade for less than their book value, something that typically might be appealing to activist investors, but they are nowhere to be found. lionel, you had an article about this out today. why are activists kind of shunning european banks? lionel: it seems like it would be an attractive trade for them given th

erik nielsen, the banking sector or been battered -- undo so rightly so?t there is barely smoke if there is no fire. martin says correctly in the "ft," financial institutions are complex animals, and we have been burdened from business, regulation -- the natural change we have to go through, commit to as asia and and what have you, and then we have a flat curve. you follow short and then longer , but the curve has been set for 5, 6 years. guy: the possibility of further negative rates seen as a real possibility to we are bashing the banks at the time we need them to do real work. erik: that is right, and it is a problem. >> something that may be appealing to activist investors, they are nowhere to be found. you had an article about this out today. why are activists shunning european banks? seems like it would be attractive for them given that you could maybe be involved in push management, make some tough decisions that they have not taken yet. the problem is that activist investors are not really sure who is in control of the european banks -- is it the r

erik nielsen, the banking sector has been battered. unduly so or rightly so? o, but there is barely smoke if there is no fire. i think the issue here is that as martin says correctly in the "ft," financial institutions are complex animals, and we have been burdened by a whole lot of new cost from survey, regulation. the natural change we have to go through and what have you, and then we have a flat yield curve. for a bank, ultimately you live off the transformation, borrow short and then live longer. but the curve has been flat for 5, 6 years. guy: the possibility of further negative rates seen as a real possibility. we are bashing the banks at the time we need them to do better work. erik: that is right, and it is a problem. alix: european banks trade for less than their book value, something that typically might be appealing to activist investors, but they are nowhere to be found. lionel, you had an article about this out today. why are activists kind of shunning european banks? lionel: it seems like it would be an attractive trade for them given that you cou