kevin costelloe in rome today. manus: the chinese central bank announced new measures to prop up ailing economy. a cut in the reserve requirements was laid out. david, a 1% cut in the requirement to bolster the banking system. david: good morning. that is what we got over the weekend. it was a one percentage point cut in the ratio that dictates how much the banks have to set aside. what is clear from the move is that it is close to $200 billion freed up. whether or not this changes the policy stance of the central bank -- whether it is tantamount easier or to help plug the massive amount of capital heading out of china -- is a whole other thing. first quarter, we saw a record drop. they simply had to smooth out the effects. this is what we got -- it takes effect today. $194 billion, and that takes the ratio down to 18.5%. it is still fairly high raised on historical standards and global standards. manus: we have lost a david, filling us in on that cut. it is push and pull of the chinese at the moment, isn't it? bet

kevin costelloe joining us from rome on the tragedy in the mediterranean.e: that brings us to our twitter question of the day. how should europe deal with migration? you can tweet us. coming up, monaco showcases the world's most desirable and expensive luxury cars. guy: we are going to talk to a man who helps buyers choose a car when money is no object. ♪ guy: welcome back. you are watching "the pulse." we are live on bloomberg tv. let's talk about cars. it is nothing like the geneva motor show. let me make that clear. when you go to monaco, you expect the finest. top marks is the show where everybody goes when they want an incredible car. how do you choose that incredible car? tom gibson went to get some shopping tips. >> top mark monaco is the ultimate when it comes to luxury car shows. who better to help the nick lancaster, the car dealer to the stars? the former boss of london's leading luxury car dealership has some pretty good tips. >> some of these cars are not great on the road because they don't have the same kind of steering the other cars had. th

let's go to kevin costello at our bureau in rome.he prime minister of italy has been trying to make the point that it's is not an italian problem, it's the european problem. guest: it puts stress on. there are cost for housing these and eating them and winding them jobs. just keeping track of them is an enormous burden. brendan: this is increasing in the winter. the book trips -- there were just as many over the fourth order of last year. this is a growing problem. guest: it's huge problem. the u.n. says more than 35,000 people have made it to europe in these boats. about 1600 of them may have died. the problem is growing green --. brendan: many do get to italy. there is a huge influx of immigrants who make it. that puts a huge strain on all sorts of other sources as well. guest: it's housing them, eating them a lot of them don't want to stay. they want to go to france or england where they have relatives. tom: francine x into the american audience the backdrop and the history. there is a large number of turkish immigrants over the d