lale: we think so. difference between the midsize banks and larger banks, we don't like taking the volatility that comes with investment banking and trading. there'st the same time, a lot of pressure on the big banks to return capital to shareholders. does that support the value of the stock? lale: it can. we look at the fixed income space. if you look at the retail you cands outstanding, earn more than what they pay in dividends. david: u.s. versus europe? lale: on the fixed income side, we like the contingent capital issued by european banks that can pay you 7-8%, which is comparable to what you can get ccc in high yields. boeing'sming up, crisis deepens. countries blocking the 737 max from its airspace. this is bloomberg. ♪ alix: this is "bloomberg daybreak." in the markets, it's all about brexit and the uncertainties as to what we will see over the next few hours. dow jones off 81 points. the industrial sector in europe down .2%. ifbus could be the winner the boeing 737 issue continues. we are watch