euro is but 1% away from an 11-year low, and with the swish national bank -- swiss national bank, julian barnesid not make any losses after the move and they made no losses in the two days after, abandoning the cap and that they would implement measures to defend profitability, and they say new negative impact on their capital ratios, and, course, the impact is something we will be looking at in detail with caroline as we go through the rest of the day. we bring you the latest from the ecb as it happens, including live coverage over the rate decision, and mario draghi announcing qe and 12:45 u.k. time. >> now, 50,000 new jobs in europe alone, and that is what uber sees, the ridesharing company. they were at the design conference in munich, and hans nichols joins us now from there. good morning. >> good morning. that is a big number from the ceo of number, but there is one theme that is shaping up at the conference in munich, and that is the tech company, the innovators against the regulators, and you have all of the tech companies in munich and they are wondering how to satisfy regulators in be

julian barnes "wall street journal."as the pressure and the strain on the rpa pilots led to decline in the number of caps that you can put out there at any one time or a slowdown on any hope for growth that you have had? has there been an operational effect obviously on these individual pilots a lot of extra hours, but have you had to reduce what you can provide commanders in terms of -- >> no, we have not. we've met the operational demand signal, but we're doing it by putting people in position where they're not having to debate whether they want to continue doing this. >> just to follow up quickly do you think these initial steps that secretary james, you've outlined here, is this just a first step or are you going to need something more from congress, do you think, in order to build up the number of pilots you need? >> these are first steps. within the next few months we'll have a more robust plan so to speak, but these are the immediate actions with more to follow. yes, second row? >> sandra. i wanted to ask you abou