germany's deutsche bank has reportedly sold about $50000000000.00 worth of unwanted assets to the goldman sachs group both companies have declined to comment on the huge deal the transaction is part of george's scheme to reinvent itself parity by unloading businesses where it can no longer compete. people are getting older which is good but older people usually need more medical care and that could be a problem here in germany over the next decades the country faces an alarming shortage of qualified nurses and that is why the economics ministry has introduced a scheme called professionals in germany to attract suitable personnel from abroad including vietnam. it's monday morning in the neurological ward of the rostock university hospital. and there are 2 apprentices to do until quinn are helping a patient both have already completed training as nurses in their home country of vietnam nevertheless much is new to them. and during my training in vietnam i gave injections are put in drips but washing patients or giving them food was done by other workers. in germany the nurses to perform these tasks ther

germany's deutsche bank has reportedly sold about $50000000000.00 worth of unwanted assets so the goldman sachs group both companies have declined to comment on the deal the transaction is part of deutsche is seen to reinvent itself partly by unloading businesses where it feels it can no longer compete the assets were associates of the bank's emerging market debt and were booked to the company's so-called bad bank unit. european farmers are making themselves heard this week on tuesday in the german capital berlin protesters on tractors brought part of the city to a standstill irish and french farmers have now also taken to the streets the precise reason for each protest may be different but they all share a common message farmers are getting a raw deal. next stop paris on wednesday morning hundreds of farmers hit the road for the french capital to demand answers from president chrome they smelled of roads as they made their way to the famous shown sillies a. if you do it all conclude it is agriculture is dying seriously in every sector just last week or last another colleague to suicide this can't go

certain sections of the industry have got rather nervous about this and one in particular, a goldman sachs backed groupon investment into full fibre broadband network saying that they're going to suspend that until after the election and obviously nervousness that the industry. i saw an interview with the boss of bt who was gracious about it. he said he welcomed it, etc... but he was arguing that the estimate was an underestimate that it would be £34 billion at least. in fairness to weber i have to say although i think many people prefer it to be spent on the nhs or whatever as a perch at weise, is a big problem in particularly rural areas and businesses having a rotten way. i think you're right to say at least when it comes to the estimate because as the ft story points out there is a pensions hole as well. i guess there is a pensions hole as well. i gu ess after there is a pensions hole as well. i guess after the announcing of this plan yesterday the big question was what with this look like for britain positive telecoms company under labour? this is the first answer, they're labour? this is the firs

goldman sachs leading the group. domestic conversation at 7:30 a.m. u.k. time on tuesday.are minutes away from the open. coming up, we will look at your stocks to watch. profits of ryanair jump as passengers spend more on extras. this is bloomberg. ♪ we are about seven minutes away from the start of trading across europe. here you see christine lagarde speaking to reporters ahead of a speech today in berlin. now, the ecb president. in frankfurt, sorry. ecb president after starting her term on friday, november 1. let's get your stocks to watch around the newsroom. annmarie hordern is looking at ryanair. jp is covering trade-in. with you and the airline. >> it looks like the stock will job at -- will jump at the open. really, what they are saying, they were able to get this beat because of the extras that ryanair offered, like speedy boarding, reserved seating. matt: what is the story with the? -- with the truckmaker? numbers are looking good but they say they are preparing for a much more difficult environment next year. all of the lookout for the other carmakers after wilb

so i made a decision to work at goldman sachs. a great group of people, great experience.n. my mom had been a journalist. she used to tell me when i was little, you would be a good reporter. the moral of this story is mom is always right. i got a job at bloomberg. i went on to work at cbs market watch and cbs news, in business and economics correspondent. though i got my share of hurricanes. there was a deal in my family. you got one day off from school and my mom would say get on your bike and don't come home until you have a job. it all came down to how i applied myself and how i approached things and i was never willing to take no for an answer and never willing to give up. and i am still not. trish: that really great. emily reynolds produced that. thank you so much. it's a beautiful piece. kennedy joins me with a peek at what's coming up on her show. can you top that? kennedy: yes, we are going to eat bugs tonight. bugs are going to save the world. we have crickets, ants and a cat. trish: are you going to eat it? >> indeed. by the handful. trish: good luck. thanks, ken

air france klm, and we will talk live with colin coleman, head of the sub-saharan africa group at goldman sachs is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." opec blushed its annual world -- outlook today, expecting opec published its annual world oil outlook today, expecting -- todemand will fall 4% fall 7% by 2023. joining us now is annmarie hordern. there was a big review earlier on, very dramatic music and so on, and then the report came out. what were they key takeaways? maria: the report was --annmarie: the report was quite grim for opec. as you said, 7% we will demand dropped by 2023. in the report, they are talking about the main driver for this, supply coming from outside opec. they say shale is going to go to 1/5 of global oil supply, and we will see a lot more oil from the likes of norway, guyana, kazakhstan, and brazil. share, is losing market so it's not looking too great for them. vonnie: and yet, at the moment oil prices are going higher. can you circle that square for us? annm

york is investigating apple's partner goldman sachs for allegedly giving more credit to male customers. also on the program sawzall job saved as china's g.d.p. group steps in to buy bankrupt british steel. and how working there fossils plans to boost the economy in domestic production are threatening to backfire. its. for business on the w m how you know i guess it's good to have you with us you york's department of financial services is opening a probe into gender discrimination by goldman sachs the bank behind apple's new credit card critics say men get a far higher credit limit than women the scandal broke after apple's co-founder steve wozniak said he received 10 times more credit than his wife even though they all share assets and accounts apple has reportedly responded to user concern saying the credit limit is defined by an algorithm the apple cart was launched in august in partnership with goldman sachs as an option for users with limited access to credit. for more on this i am now joined by jose luis de i do our financial correspondent on wall street will take us through this issue has abused it's good to see you so we do know that this l

goldman sachs for allegedly giving more credit to male customers. also on the program thousands of jobs same test china's g.d.p. group steps in to buy bankrupt british steel. and how those plans to boost the economy and domestic production are threatening to backfire. its.

delegation of other attendees included stephen schwarzman, co blackstone group, tina powell mccormick of goldman sachsand larry fink, ceo a blackrock. we're joined now by adam coogle, middle east researcher at human rights, author of a new report titled "'the high cost of change': repression under saudi crown prince tarnishes reforms." welcome to democracy now! talk about this whole issue of the justice department going after the former twitter employees for spying on dissidents in saudi arabia. what do you know? >> the justice department yesterday revealed indictments , two of themudis twitter employees, for allegedly accessing particular information on users at the request of the saudi governmenent. what i i find really unique abot the e situation is that they hae identified the person who was essentially handling the twitter employees as a very, very close confidant of crownwn prince mohammed bin salman. mbs's personald of office as well as the head of his charity called the mist foundation. what is also interesting is how fafar back this goes. in 2014, mbs really had risen on the scene of saudi po

tell us that's where all the action is i can sit here and talk about goldman sachs the until my head is blue, like the blue man group who retweeted me today the place to get all the information is here. that's exactly where we are going. i don't like to sleep next week so i don't anyway on wednesday we hear from two of my faves for the holiday season target and lowe's. target has turned around check this out unbelievable leadership of the ceo is fantastic. lowe's a bit of a work in progress i got that from the man at the helm i believe in the work. i think he's doing a great job try to go to one you haven't been to in a long time so much more clean and help there, people are much more helpful. now we like this medical device maker since earlier this year. medtronic doesn't jive with the stronger economy but a stand up performer. thursday we get results from macy's so many people are betting against this chain because it's developed a habit, a nasty habit of missing numbers that negativity means it may be a decent trade going into the quarter. can macy's be as bad as the stock seems to be suggesting i don't think so

group ceo sergio ermotti. we catch up with the goldman sachs chairman and ceo david solomon, former white house chief economicand the ab invev ceo. a great lineup coming to us from china. up next, when will the u.s. curve flattening hit a stop? we will put that to markets live team member richard jones. he will be joining us next. this is bloomberg. anna: welcome back to "bloomberg markets: european open." 54 minutes into a negative trading day. relations between the u.s. and china have become strained after the senate unanimously passed a bill aimed at supporting hong kong protesters. beijing has turned to retaliate if it becomes a law. joining us now is richard jones. i guess we have gone from trade talk inertia to trade talk deterioration or at least the market expects things to deteriorate given linkage that seems to be out there between the hong kong violence and trade negotiations. >> good morning. i think that we definitely have seen a situation where what's going on in hong kong and was happened in the u.s. senate has sort of heightened tensions between the countries. the phase i trade agreement we ha

groups. used angeline and goldman sachs, the only wall street bank in a leading role.s the bloomberg business flash. tom: let's bring up a chart. andrew hollenhorst and ronald temple with us. the chart is extraordinary, something i have looked at, dave wilson has looked at as well. 500 ande series is s&p the gray line is the medium geometric average of a gajillion stocks. temple, there ron value geometric index. there are 14 stocks moving higher. do i climb on board those 14 or do i have to go the other way with those behind? within the 14, there are some good values that have upside, but you are showing there is real opportunity in the u.s. equity market despite all-time highs in the s&p 500. look beyond the headlines and beyond the small group of momentum that seems to drive the market. there are some good values. tom: give us a name, sector, country? ronald: some of the more cyclical stocks. we are looking at numbers and saying is the global industrial deceleration going to contaminate the consumer and pull us into a recession, or do we get scared, stocks get cheap,

group ceo. we are going to catch up with the goldman sachs chairman and ceo david solomon. the former white house chief advisor gary cohn. it is going to be a busy day. i'm going to show you something. it was not supposed to go this way. the fed was supposed to have saved the day. the yield curve is back in a flattening trajectory. they have narrowed for the fifth day in a row. dropping by nine basis points. we are back at 18 basis points. the phase one trade deal was so much in the price, but we reverse pretty much all of that with the vice president's words this morning. to the oil market, let's have a look at the oil and the gold market. i call it the doubting thomas of the market. it is concerned about trade, resolution, a huge glut of oil and a lack of conviction from the russians. gold. giant risk event for 2020 according to td. one of the hedges is gold. good morning. nejra: good morning. what i've noticed is that a lot of the flattening was driven by the yield dropping more on the 10-year then on the front end. .1 10 year yield now below a 75 -- 1.75 handle. we are

goldman sachs president says the federal reserve has -- a busy time for the group.loomberg. >> we actually see a pickup in appetite. i think what has happened with the federal reserve and the central banks around the world in terms of injecting more volatility into the system, being more dovish, has helped. nejra: oaktree castle founder has said it is not the time for investors to be aggressive and they should take on less risk than normal. he spoke with erik schatzker in new york. >> i think the ultra low interest rates of zero envelope have worked -- zero and below have worked a lot of calculations -- warped a lot of calculations. in a small picture sense, it makes sense that companies have taken on more debt because it is so cheap. nejra: still with us, jub hurren from aviva investors. you were saying that the fed will not be hiking anytime soon. we have fixated on the fact that we are now on pause. stepe still, if we take a back, in this lower for longer negative written by? jub: we -- negative rate burned? -- environment? jub: we think so. in the last two many

the most heavily weighted stock on the dow united health group up 14% goldman sachs would rise by 7%ald's, because of that big drop over the last couple of months, has 19 potential percent up side if analysts keep their target prices as they are. becky, that's what could drive the dow heavily weighted stocks, some up side here. we'll see if that happens. i'll send things back over to you. >> thank you very much for more on the markets we're joined by mandy zsu. and serat sefi serat is a cnbc contributor. folks, let's just talk about where the markets stand right now and where we've been expecting them to be cnbc took a look at 17 strategists and what their equity calls were for the full year and of those 17, 14 of them have numbers that's below where the market is right now. >> what? >> 14 of them have numbers that are below. >> can't believe that. >> we've got almost two months left. >> the experts >> the experts does that mean stocks come down from here to meet their expectations or does that mean the strategists have to raise their numbers? what do you think? >> i think this is al

groups >> that was the granddaughter of of disney talking. talking about the recent high-profile criticism of the goldman sachs apple credit card. >> now the alore rhythms are written to be very logical and assessed on historical data built in an environment built for men, we are seeing it get worse. i think there will be tweaking because it is well discussed that algorithms can be biased. businesses can look at themselves and say, listen, women make up half the population in the world and are becoming increasingly wealthy. i think there will will be a business driver and regulatory driver >> coming up, will the current ipo slump continue we'll have the ubs mb join us with his oloutok on the year ahead. pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. my bladder leak underwear.orried someone might see so, i switched. to always discreet boutique. its shape-hugging threads smooth out the back. so it fits better than depend. and no one notices. always discreet. >> welcome back. reuters has callen on a number of calls to coty the news agency reports cot

group of events is driving the stock. >> is there any concern that this overcrowding. that is a word goldman sach used if and when they start to get sold it would make sense that people would finally realize these stocks would be overvalued how could the market stay up if those names get sold maybe they will >> volatility is inrevitiable. we've seen that more and more in the increase in trading. i think investors are a little more optimistic. valuations matter. when we look at that historically, the next five years have muted returns we are only looking at the positive side of the good news investors that otherwise wouldn't be in investor assets or in stocks in large cap names saying i want to get in here and make money when the market has these sharp pull backs, there is a knee jerk reaction >> how likely do you think that is >> i think if the fed stays on the sidelines and we have stability out of washington and we get a trade deal, that is the problem with stocks. >> it is not really looking good for the policy out of washington they really don't bode well for the president at impeachment hear

goldman sachs library for microfeesh statements. but if you fall back on the buy and hold strategy for groups of stocks and don't pay attention i cane you you will be soundly beaten by professional managers with good track records actively searching for high quality sfoks stocks all the time more to the point i'm certain any index fund can beat someone with no homework it's not a strategy it's just being lazy the next rule is another essential i harp on constantly diversify, diversefy and diversify more to control risk. if you control the downside, the upside takes care of itself and the controlling the downside means managing risk. what's the biggest richk out there? sector risk. stocks in the same sector tend to trade together. especially at extreme moments. do you know that about 50% of the action in a given stock comes down to the sector in some areas because of etfs it's higher. i don't care how great a tech stock was in 2000 if you had all the eggs in the group you got scrambled. same thing with financials in 2008, oils 2014 to 2006. and this is there is only one thing to keep you from getting nailed by the sector risk that i

should say oh yeah it's the mafia group of course it's not going to work you know that's all it is it's a mafia and it was here carney was also a member of the goldman sachs gang was and he. played high. aki in college you know plays a goalie like you know goalies i take a lot of pucks to the head and they they don't think straight necessarily all the time is a little a little crazy in the brain so. you know you're based in kingston it's one of the most storage towns in america they are revitalizing there are a growing that's a rebirth situation you're tracking hipsters like yourself i notice you get the sideburns long that it's all about you know a stick and you know that's the trend is everyone in making standard they are now alongside do i need to grow my sideburns long out there also want it what it is is the people there are who they are who they want to be without anybody telling them what to do you know i it took me a lot of years before they came up with it i was not put on this earth to take a waters from any by i don't give a. i don't take and that's the attitude in kingston it's again this is where the seeds of democracy was sown you and stacy

and user experience apple and goldman sachs, of course, were the first high-profile sample of this. the team work we saw with the apple card and then google and citi group google brand and debit card. back to you. >> thank you very much we appreciate that, kate. >> a taste of some of the other stories we are following today under armor may be retail's next underdog, shares climbing 5% after raymond james upgraded that stock saying they're on the cusp of a multi-year growth cycle, dipping 10% since founder and ceo kevin plank stepped down last month here are two cheers for underdog under armor. >> not just a change in management but also a disclosure of an accounting issue. >> inventory recognize igniti no and things like that. >> you would have to call in the management. >> and the board's oversight. >> exactly. >>> netflix's biggest ever film is available to streamers after a limited run in theaters. it might be the catalyst that the streamer needs netflix on track for its best month since january. 3 1/2 hours. >> 3 1/2 hours >> long time. >> i would rather watch it at home where i can pause it. >> me too. >> and come back and watch de niro at all in w

little bit deeper >> are people who feel there is a captive group of rich people who want very much -- some of whom are affiliated with goldman sachsvery much to be able to have much more trade and this wing wants ideologically not to have trade it is kind of like it is a little bit like can i just delve into the way google thinks of things operation grand slam, it is that moment where a bond, let's refer to it, says do you want me to talk mr. gold finger says i want you to die the people who in the hard-line want the talks to end. they don't want talks. they don't. >> no, it all comes back to trump and what he's going to milwaukee a decision make a decision in terms of doing. i think if you ask me right now, mnuchin and kudlow go down the elevator go down the elevator. >> as in bye-bye, you're fired. >> yeah. you never judge? >> no. >> i sent melissa rivers down the elevator i sent joan rivers' daughter down the elevator. >> got it. i remember that. >> you do? >> yeah. watching the clips on our air. >> i thought she was good, actually not allowed to talk about -- >> the fix was in. >> no. you can't talk about the nitty-gritty the

apple card, gender discrimination accusations against goldman sachs, accused of giving women smaller credit lines. and incredible video of a group down, chief market strategist, art hogan. fox news contributor, liz peek is here and james freeman. great to see you this morning. >> great to be here. maria: thank you so much for joining us. we've got a lot to talk about. the first hour, we sort of put our finger on a few things. what struck you most, what's most important to you this morning on veterans day. >> on veterans day, i have to apologize, i was hanging out with a veteran and i thanked him for the delicious fried chicken but i forgot to thank him for his service. thank you. big thanks to all of them. maria: hopefully he's watching right now. >> i hope so. maria: there's courage, leadership, there's so much we have to thank these people for, for fighting for our freedom. >> speaking of freedom, obviously the hong kong story will get a lot of traction today. i think we're all watching with baited breath to see what the chinese do to quell these now six month old disruptions in hong kong. it's really serious problem. maria: i

group still makes sense. people look at the big banks, whether it's goldman sachs, morgan stanley, those are the types of names out. by the way, trading is free but it's commodity all the parts of the business that are commoditized in any industry that over time the pricing comes down so the parts of the industry are the advice based non-come non-commoditiz non-commoditized. >> good to see you >> price down to zero. i'll pay a little more for the trading. >> the trades? >> i mean, there's too much of a -- >> good luck with that. >> i don't know how you truly get the prices down. >> too much of a disparate why couldn't that go to a rally, the stupid stock trades. >> the only way it will make sense is if you have a whole lot more kids and you're flying a lot more people at one time. >> it's not going to happen for us. >>> when we come back, mike bloomberg's run for president and what it means for business check out the futures at this hour thhere indicated up this morning wi t dow futures up by 78 points, nasdaq up by 26, the s&p up by 8 points "squawk box" will be right back. >>> billionaire and former new york

group. on that side it helps to grow deposits from the bank going with checking accounts instead of credit card accounts is a key point here. goldman sachs, credit card, google going with checking analysts say google won't have to, quote, disappoint customers for not approving them for a credit card. guys >> kate, that's an interesting point. it was always a thought process with steve jobs that he didn't want any customers to be turned down from an apple product, which was fair for him a partnership with an existing bank that might mean some banks are excluded but does again sth a general theme we've seen that the big tech companies, if they want to get involved, they're doing it through partnerships because they don't want to go through the rigamarole of full banking regularities themselves. >> why would you want to be in a banking business google is doing the smart thing. they don't need to worry about getting into that business they can further entrench themselves, though, with their existing consumers with another service. >> everyone else has said, therefore, the point of this clearly is to be able to access the data, fee they might