joining us from london is keith campbell of bloomberg.it looks we are be -- we are heading to a bear market. it is important not to overstate the importance that turkey has to these banks. it is an important emerging-market that some of these banks have their hopes on for future profit growth. the biggest one affected is the bank of -- from spain. they get three quarters of their profit from emerging markets which i think about 14% of that is turkey. there are other emerging markets that will hit them, but their stock risk is down about 10%. david: keith, one of the things that strikes us is the rate to -- has allowed bba to allow exposure to turkey. to what extent is the market pricing in if not specifically turkey, the phenomenon that is turkey, the possibility of that kind of exposure and that count of -- and that kind of downside? keith: it will certainly be a drag and certainly the kind of exposure that you see the europeans have gotten into. it has not been as much of a thing for the americans. youof the tail risks, when are thinkin

keith campbell joining us live from london. let's look at european markets.e is the picture for the ftse, dac, and cac. ftse down .7% and the dac has moved higher, as has the cac as we go into the close. this is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your xfinity internet. so you just pay for data -- by the gig or unlimited. saving you hundreds of dollars a year. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. >> this is the european close on bloomberg markets. this is the stoxx 600 up by .3%. a good day for the build. by .7% after a promising come back yesterday. ibex lagging. the spanish clothing maker down 5.9%. this is one of the biggest .allers on the stoxx 600 after morga

campbells soup >> of late june i think they're pretty good. and there's a range of strategic options they could undertake but i look at the appointment of an interim ceo keith mclaughlin from the board so abruptly and his actions the options are on the table, and they're going to do something in my opinion and that could be a small tweak to the portfolio or exploring a sale of the entire company >> jonathan, if it was a big sale oaf the entire company, what needs to happen, who are the key players who need to be convinced of that? >> well, there is a family involved here. they go by many different names. they're the second and third generation descendants of in fact the founding father of the campbells soup company if you add up all of their control you have the mid-40s percentage share it's that family that really needs to be the audience of a lot of this, mr.obe all's talk and i think a lot of it makes sense. it's just a question of getting that point across and assessing their patience and objectives as everyone looks to try to maktsmimakt maximize the value here. >> when you have those multigenerational family companies, you have those different desires