jean pierre: we are european bank headquartered in italy.a discount for unicredit, which is why these financial mergers to improve the profitability of the bank. >> i know you do not speculate on m&a and you don't speculate on rumors. if you look at the european banking sector, how many banks will be left because either they have been taken over or they had to go bust in 10 years? jean pierre: we should look at the situation in a different way. market ofompare the the largest european banks, they are very small compared to the larger u.s. banks. jp morgan is a 360 billion euro market cap. important is to have bigger banks in europe. this is what is needed. we need a stronger financial market in europe and hopefully the capital market union to one side and the banking union on the other will bring a bigger market if we managed to attract investors to european banks as well as to european markets. , thank pierre mustier you for joining us this morning. jean pierre: thank you. nejra: great interview with unicredit's ceo. still with us, neil dua

jean pierre: domestically and cross-border's, yes.e: where does that leave the banking landscape if you don't have much m&a? because of rates, because of a lot of the banks not having a clear plan of what they will become in 10 years. it will be tough to be a european bank. jean pierre: it is interesting to be a european bank. you mentioned negative interest rates, which are a consequence of low growth. this being said, european banks can reach decent profitability by going slightly at the speed of european growth, transforming their activities in their networks and managing risk properties. we will have decent growth, probably lower than what we see in the u.s., but nevertheless, the banking sector in europe is very interesting. abigail: staying with europe, president trump has signaled he will delay imposing tariffs on autos, but the long-term trade forecast remains cloudy. earlier in the week, the eu trade commissioner spoke exclusively with bloomberg and said if the u.s. eventually announces tariffs, europe is ready to retaliate.

jean pierre: italy is interesting to the european bank. it is challenging.shat being said, european bank envision profitability by , transformingly activities and networks, and managing properly. thanll have growth lower the u.s., but the banking sector in europe is very interesting. francine: that was the unicredit chief executive, jean pierre mustier, speaking to us this morning. bloomberg'sus is reporter. >> this is the trouble and the challenge that most european lenders have. the have gone as far as cleaning up balance sheets significantly more than they were a few years ago. they started to transform the business, but that bigger shift to more digital has yet to come, and the challenge is you will and to invest more money the cost savings, those take a while to come through, so you are asking investors to be a bit more patient with you. francine: i asked him many times by his plans for m&a, but he said it would be much more difficult to do m&a because of regulators and other hurdles. is he right? or markets anticipating it to be too quick? elisa: i thi

with us on set, robert costa, ab stoddard, jeremy bash, karine jean-pierre is back, and new york times washington correspondence mike schmidt is with us. it's with your reporting friday night on this white house's effort to get don mcghan to say the president didn't obstruct justice. why was that so important if they felt the mueller report totally and completely exonerated him? >> what happened here and this demonstrates the advantage the white house had with the justice department. before the report came out, the president's lawyers had a sneak peek, a chance to look at it, and they saw a lot of obstruction stuff and a lot of don mcghan. but what they didn't see was a statement mcgahn had made to investigators, which is that he never thought the president broke the law. now, legally it doesn't matter what don mcghan, a witness, thought. but politically and in keeping the president calm. the president's lawyers thought it would be really great to have mcgahn put out a statement after the report comes out. it would take a lot of the air out of it. and the white house, before it's relea

joining us now careen jean pierre, chief public affairs officer for moveon.org. thank you for being with me tonight. >> thank you so much. it's a pleasure. >> republicans are back to playing culture wars. how successful have republican and social conservatives been in shoring up their base on issues like abortion? >> they have been incredibly successful, ali. we have to remember what we're seeing right now with republicans, it's not an accident. it is part of the end game of a plan that they put into place decades ago. what i mean by that is, to make sure they stack the supreme court with anti-choice judges and also what then happens is it aggressively pushes legislation to challenge roe. we even heard from justice briar this week where he actually gave a warning saying that roe is in danger. roe is under deep threat. so that is what the difference is now is that people are seeing when you're talking about these legislators, these democratic candidates out there speaking because i don't think roe has ever been under threat the way that we see it today. let's not

and karine jean-pierre is here. all, of course, lucky for us msnbc contributors. mike schmidt let's start with you. your story popped up an hour ago. you reported that mcgahn was going to get this legal opinion from olc at doj, the opinion in the white house saying our guy isn't showing up. is he really their guy and is he really not showing up? >> he's really not showing up. putting the legalese aside, basically the democrats can't find a witness here. they have a 400-page report that they say contains this stuff that they believe is unbecoming a president, could be abuse of power, could be all sorts of things and what's happening is they can't get anyone to testify. they can't get a witness up there. and this has obviously killed their momentum, they do not have a lot of investigative momentum and we're coming into the summer where look could the interest in this part of the story sort of drop off. it's that killing of the momentum that the white house continues to do. >> mike schmidt, any insight into whether that is what robert mueller wanted, for this to fall

. ♪ ceo jean-pierre moose ta sat down with bloomberg to discuss the challenges facing european banks.cqua that mergers might make sense for the sector, but it is unlikely that many will happen. ♪ >> mergers in europe would be very difficult to put together, because there's a lot of things which need to be followed. first, they need to be risk, and, execution, governance need to be appropriate. there will not be many measures in the foreseeable future. >> domestically and cross-border? >> domestically and cross-border, yes. >> where does that leave the banking landscape if you don't have much m&a? because of rates, because of a lot of the banks not having a clear plan of what the tenures will be like, it will be tough. >> it is interesting to be a european bank. you mentioned negative interest rates, which are a consequence of low growth. that being said, european banks can reach decent profitability by going slightly at the speed of european growth, transforming their activities in their networks and managing risk properties. we will have decent growth, probably lower than what we see

joining us now karine jean-pierre. basically they all beat trump. >> that's good.bus. democratic emerges from milwaukee as our nominee, i will support. >> this is as useless as the generic ballots but for a flash poll or an online poll it's a sense it's a real fight again. >> yes the one thing that worries me is trump's approvability rating in 2016 was 38% and he won with that. now he has a rating of 44%. the way he won last time, he beat up on the democratic nominee, you know, with some help, and she became unfavorable enough she was able to win with a small -- with just his base. you can see that's what he's trying to do with biden now. you can see he's trying to soften him up and go attack him and make him less appealing. and -- you know, but he's -- if i were at the white house i'd think we're starting at a higher base of a favorability rating. it's great to see the numbers of people beating him, but i'm worried about that dynamic. >> jen is making a smart, technical point, a candidate has to worry about keeping his or her approvals up while also taking on an o

anna: that was francine lacqua speaking with job here most ea -- jean pierre mustier.spoke to you about european stocks excluding banks. we know you like to exclude banks and stocks you're buying. he was talking about how it's interesting to be a european bank. he said while it's interesting, how necessary is it to get m&a done? marija: i definitely agree it's very difficult. when you're in charge of european mongrel, i looked at the chart, and the loan growth is over 6%. it's challenging. my boss said it's the highest into news. basically -- in 10 years. basically, how difficult it is if you can achieve 0% loan growth, that's very difficult. what we just heard is that we're getting return close to the cost of equity. that's a difficult way to run a business. there are lots of challenges still. matt: is their money to be made if you can take out the right targets? -- pick out the right targets? do you believe m&a can happen in european banks? if you do, you've got to see certain banks that look like obvious targets. absolutely, there are always opportunities to pick th

. >> karine jean-pierre for moveon.org. >> thank you so much. >> one thing we keep an eye on as we heado next week, planned parenthood is planning nationwide protests against the anti-abortion bills passing in the states. the national day of action will be on tuesday. protests are planned in all 50 states. more ahead tonight. stay with us. every curve, every innovation, every feeling. a product of mastery. lease the 2019 es 350 for $379 a month for 36 months. experience amazing at your lexus dealer. when your flight gets in late, it's never too early for coffee. oh no no no. your new boss seems cool, but she might not be sweatpants cool. who is that ready this early? it's only 7 am. somebody help me. close call. not quite ready to face the day? that's why we're here with free hot breakfast and a warm welcome. book at hampton.com for our price match guarantee. hampton by hilton. i'm begging you... take gas-x.ed beneath the duvet book at hampton.com for our price match guarantee. your tossing and turning isn't restlessness, it's gas! gas-x relieves pressure, bloating and discomfort... fas

joining us here we have karine jean-pierre, always good to have her here.oing to talk about democratic politics. i want to start with bernie on biden thing. it's the clearest point of conflict that we have. there's been a little bit of elizabeth warren attacking biden but biden has made it clear, he's not just the presumptive front runner, he's the front runner. tell me how that plays out as the progressive wing of the party as bernies and others say this guy may be joe biden but he's out of step with the democratic party in 2019. >> i think we have to run a race with the democrat party to see how's out of step with the party. bernie sanders, unlike 2016 is not the only progressive candidate in this race. and i think we're going to see as the election plays out that there are going to be a lot of people competing for that space. biden should expect hi's going to be the front runner. he shouldn't expect he'd get in a race and not face competition. that's what winning an election is about. >> there are a lot of democrats who say there's going to be fighting i

mike barnicle, david ignatius, sam stein and karine jean-pierre are all back with us.est efforts, former president jimmy carter did not return to his regular sunday school class yesterday. up until saturday afternoon, carter was set to resume his lessons, following his hospital release last week. he had undergone hip replacement surgery after falling at his home. according to a carter center update, the 94-year-old underestimated the amount of recovery time he would need, but has been progressing well as he continues to rest at his home and we're all with him. we'll keep you updated. >>> nearly 400 graduating seniors at morehouse college will leave school debt-free thanks to a commencement speaker who deviated from his prepared remarks with a promise to pay their student loans. >> on behalf of the eight generations of my family who have been in this country, we're going to put a little fuel in your bus. this is my class, 2019. and my family is making a grant to eliminate their student loan loans. >> i have chills. investor and philanthropist robert f. smith had already

started by the visionary brothers jean and pierre, maison troisgros received three michelin stars inllence that continues today with pierre's son michel, and his son cesar. >> daniel: my dream was to always to put maison troisgros on my resume. it's my first day, chef troisgros. >> michel: tony, bonjour. >> anthony: bonjour. >> michel: comment allez-vous? >> anthony: tres bien. many have called maison troisgros the best restaurant in the world. and in the '60s, the brothers pierre and jean were early, important and fundamental innovators of what came to be known as nouvelle cuisine. behold one of their breakout classics, one of the truly game-changing, timeless, most influential dishes in history. it seems now, maybe, a simple thing, but it absolutely turned the world upside down when it debuted on the troisgros menu in 1962. i mean, when you have a dish this legendary, this iconic, there's no escaping it. the rolling stones will always have to play "jumping jack flash." if you google "troisgros", you'll see this. >> michel: so, forget everything you have on google and watch me now.

karine jean pierre. and where have you been? >> i've been writing a book. >> about me?s going to be about the republican party and its slow march toward donald trump and whatever come next. >> so this is like "gone with the wind." i hope you wait for the final scene where there's no tara to return home to. >> i think it's more like "lost." >> i don't know what to think. >> if it's a book about the republican party there's no really -- it wouldn't really be about you anymore. >> no. >> there was a time. once upon a time such a book would have included a chapter about joe scarborough covering the '94 period. >> i can remember when. so let's talk about more important things right now, reverend al. so joe biden has gone ahead in a lot of polls. we showed a new hampshire show and iowa and new hampshire are so important but when it comes to the democratic primary i don't really look at polls unless it's south carolina because that is where you have an electorate that looks like the democratic electorate that will pick the nominee for the party. he's doing well there. >> he's

and karine jean-pierre is still with us as well. good to have you all on board.s as something that we're struggling with at this time, you know, that something from long ago, maternal mortality, and yet it's so real. >> yes, actually over the past 30 years the rates have doubled in this country, making the u.s. the worst country in the developed world in terms of safety for mothers and giving birth. that's why we wanted to launch this campaign to bring those stats to the forefront and use the power of story telling to hopefully ignite change. >> what is behind that? what is the reason for that? we think of ourselves as such a developed country and we are, especially in terms of medicine. what is driving these statistics? >> there are number of facts, complex issue from access to health care, lack of information, unconscious bias, of course. there are too many factors to name but what we want to focus on with this campaign is through every pregnancy, a mother is surrounded by her support net work, friends, family, partners. so important for us to step up and be th

cnbc editor at large john harwood and senior adviser at moveon.org and an msnbc contributor corine jean pierre try so hard, okay? >> ouch. >> let donnie donny be donny i doses. >> ouch. >> john harwood, i guess it says something fairly positive about at least one aspect of government in washington, d.c. in 2019, that donald trump's selections for the fed board both got sidelined because of so some. >> well, past whacky statements and also not exactly sterl qualifications for the federal reserve board. well done. >> thank you very much. >> the president has made good appointment to the federal reserve board, like jay powell, who by all cultures has done a superb job, but late live he's gotten himself into one of these positions where he's decided to cater to his base and act impulsively and, you know, larry low recommends. steve moore is basically a tax cut guy and a political economic tateor. and both of them ended up crashing down for various reasons. now we'll see whether he nominates one of those very qualified types that he did earlier in his presidency or no political choice as we've done