to fly less once global pandemic restrictions on if this according to a survey from the european investment bank the poll offer more than $30000.00 people found that the change in behavior was driven by concerns about climate change. chinese also make a deal a which owns sweden's volvo will form a joint venture with tech giant by doing a leading developer of self driving technology the companies have not set a timeline as to when their products might be released. while the negative markets all over the world have started the year with a bang indices like the german dax are trading near record highs as find out now how this week is starting over to our financial correspondent conor have bosun everand for. tell me the earnings season gets underway now companies are reporting how they manage the covert crisis how are they doing. well good morning monica between mediocre and really bad this is the range where most earnings reports and their outlooks will be in of course with a few exceptions like the vaccine makers who are going through a surge in demand and an extra boom on the other hand we're goi

to fly less once pandemic restrictions are lifted that's according to a survey from the european investment bank the poll of more than $30000.00 people signed up the change in behavior was driven by concerns about climate change. is winning streak appears to have come to another temporary end at least the cryptocurrency posted a double digit drop today with other digital assets like syria also posting steep declines the drop comes after u.s. president elect joe biden promised to spend trillions on pandemic really is a move that lifted the u.s. dollar despite the well documented volatility of digital currencies the mood among institutional investors appears to be shifting. the american bank j.p. morgan is calling it the new gold but it wasn't always like that the banks see you all used to see that crypto currency which were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed as the valuation soared now j.p. morgan is watching bit koin climb to dizzying new highs i think the institutional investors are now realizing that this is a real asset class

fly unless once condiment frustrations are lifted that's according to a survey from the european investment bank the poll of more than $30000.00 people signed that the change in behavior was driven by concerns about climate change. is winning streak appears to have come to another temporary end at least the cryptocurrency posted a double digit drop today with other digital assets like assyria also posting steep declines the drop comes after u.s. president elect joe biden promised to spend trillions on pandemic really a move that lifted the u.s. dollar despite the well documented volatility of digital currencies the mood among institutional investors appears to be shifting. the american bank j.p. morgan is calling it the new gold but it wasn't always like that the bank c.e.o. used to see that crypto currencies were nothing but a fraud even threatening to fire any employees who traded in bitcoin but the bank changed it as the valuation soared now j.p. morgan is watching bitcoin climb to dizzying new highs i think institutional investors are now realizing that this is a real asset class their custo

fly less once global pandemic restrictions on lifted that's according to a survey from the european investment bank a poll of more than $30000.00 people found that the change in behavior was driven by concerns about climate change. are most events these days have to be canceled or else news online the latter shouldn't be a challenge for the consumer electronics show an annual trade fair that showcases the latest gadgets and technologies in las vegas for the 1st time it seems high tech products are taking a backseat to high tech policy there's a lot to talk about. busy crowd spac talls tens of thousands in talent to check out the latest this used to be the consumer electronics show on display curious creatures to pet cuddly computers and other ideas growing in the minds of developers ready to be harvested by fans with open minds and open wallets. but this is what vegas looks like this year the casinos the dark the hallways empty the c.s. has moved online and it's unclear if it will ever come back as we look forward to 2022 we're planning a hybrid event but nothing certain i mean obviously we're we'r

banks anden european strong investment banking businesses, and in a couple weeks we'll watch them trynto some of that share. alix: the rates business has been crazy good. what kind of piece of the pie can they get out of that? sonali: i am excited to see that. deutsche bank, you saw them get out of prime brokerage when you saw the equity business. now they are making for big hires, they made a rate higher recently. they have an opportunity to hold onto some fixed income businesses. we will see where ubs stacks up as well and barclays. robust.ill we have the opportunity. we will see if we grant -- if they grab that share. alix: thank you very much. we will have more from sonali basak, a deep dive into the troubles individuals from wall street are paying attention to -- we will take a look at the troubles president trump is facing. this is bloomberg. ♪ guy: live from london, i'm guy johnson. alix steel is in new york, or i hope she is. ons is "the european close" bloomberg markets. during the break they were saying alix is not there. i am glad you are. let's talk about what is going on.

european banking? davide: so in unicredit, we do have a lot invested in the capital securities between -- one of our largestions. we also do have equity, because we do believe that we appoint the next ceo who will continue in my view, the company path. secondly, within europe, there is lots of upside within the banking sector. the sector has the cash of about 150 euros share. basically it is one of the factors in the world that trades $.50 on the dollar. and with a rising rate and the possibility at the same time of further -- i do expect the sector to keep on for the next two or three years. it is a structural reflation, so it is possible. francine: cross-border consolidation, davide, or does it have to be within borders? have we already seen that in italy? davide: i think domestic will keep on happening. spain, italy, it will keep on happening. cross-border along business lines, i think there will be more cross asset management, you might see cross payments. i don't think you will sit in -- there are no synergies, and as a result it makes no sense. francine: thank you so much, devotee sarah -- davide serr

you have the european central bank providing this incredible support, and overseas politicians squabbling without coming up with meaningful investment for the country. it is something that may come back to haunt the country in the future. francine: thank you so much, ferdinando juliano. what does this mean for the recovery plan? what does it mean for the commission plans, and is there any opportunity in europe right now? >> so, i very much agree with the opinion from a couple of moments ago. it is about opportunities in europe. francine: do you like italian bonds or assets right now? toby: we are, like many people come along on italian debt right now. when you have bumps in the road like this, the question comes up is a common italian political crisis. it is existential and it looks more like the former rather than the latter. as such, we are relatively relaxed about taking spreads on italian bonds right now. but i agree that it does set up a more difficult time thinking about leadership within europe, fiscal rules being suspended, through 2021. but it is up for consideration in the spring, or whether something more -- francine: wha

investing. i wonder where that leaves banks such as yours, where it leaves european banking in general?ficult does it make it for your industry? robert: what it has forced the industry to do is be very specific about the segments you are strong and. segments where you can sustain performance and identify albeit modest growth. and it is also being very conscience -- conscious of the profit and loss. by concentrating on the areas that you know you can grow, and also by being very conscious of cost structures and using the digitization we have seen over the last couple of months which has really accelerated. there is a lot you can do in terms of customer satisfaction. we have done video banking. it offers a lot of opportunity to serve our customers differently and in a much more personal manner. these are all manners to offset the pressure we will feel for quite some time. matt: so, there are headwinds and tailwinds resulting from the last year, not necessarily the pandemic. the restructuring you put in place is far-reaching. i wonder how the crisis -- including things like the low interes

investment banking skills, the accounting skills, the legal skills. they are altogether. it's easier to do it here than it is an half a dozen europeanly, we don't see many signs of that cooperation it's a zero—sum game as far as the europeans is concerned. what we gain, they lose and vice—versa. concerned. what we gain, they lose and vice-versa._ lose and vice-versa. ok, we will have _ lose and vice-versa. ok, we will have to _ lose and vice-versa. ok, we will have to leave _ lose and vice-versa. ok, we will have to leave it - lose and vice-versa. ok, we will have to leave it there i lose and vice-versa. ok, we | will have to leave it there but as you say, cooperation needed and a little bit of hope in the idea of light at the end of the tunnel. thanks very much. stay with us on bbc news, still to come: iron man takes on climate change, hollywood star robert downeer tells us about his new non—fictional role. the shuttle challenger exploded soon after lift—off. there were seven astronauts on board, one of them a woman school teacher. all of them are believed to have been killed. by the evening, tahrir square, the heart of official ca

$163000000000.00 in investment as the corona virus outbreak spread across the world that compares to the 134000000000 attracted by the u.s. . credit suisse is among a group of european banks saying they will stop financing trade in crude oil from ecuador the lenders were facing pressure from environmental campaigners who said they've become complicit in the destruction of the amazon rain forest. now 2 years ago today a dam burst in southeastern brazil killing hundreds in an avalanche of mud the down was part of an iron ore mine owned by brazilian multinational valley one of the world's biggest mining companies compensation talks are still underway as the so as is the search for those responsible. to years after the bruma denio dam disaster survivors commemorate the victims they want justice and for those responsible to be prosecuted. i lived very well with my husband with a lot of love a lot of dignity and hominy the mining company came in and just took it all away from him i want justice i have no words to describe how much pain we've suffered. many will never forget the dramatic images and general 25th 2019 in iron ore mine belonging to brazilian multinational bali suff

$163000000000.00 in investment as the corona virus outbreak spread across the world that compares to the 134000000000 attracted by the u.s. . credit suisse is among a group of european banks saying they will stop financing trade and crude oil from ecuador the lenders were facing pressure from environmental campaigners who said they've become complicit in the destruction of the amazon rain forest. now 2 years ago today a dam burst in southeastern brazil killing hundreds in an avalanche of mud the down was part of an iron ore mine owned by brazilian multinational valley one of the world's biggest mining companies compensation talks are still underway as so as is the search for those responsible. 2 years after the brunei denio dam disaster survivors commemorate the victims they want justice and for those responsible to be prosecuted. if you lived very well with my husband with a lot of love a lot of dignity and hominy the mining company came in and just took it all away from him i want justice i have no words to describe how much pain we've suffered. many will never forget the dramatic images on january 25th 2019 an iron ore mine belonging to brazilian multinational bali suf