with me is lorenzo codogno, who is from the london school of economics and political science and lc macroalso with the italian treasury for some time as their top economist. you will there under all sorts of different governments, when she? including was at silvio berlusconi at one point? at one point, yeah. this is a very familiar story in italy, a coalition government also. tell us what you know about these two parties coming together and what they mean to the italian economy. well, it is a new world actually because these two parties are antiestablishment, populist, and so they have no big experience in government, although we have to say that the league has beenin we have to say that the league has been in government, they have experience, but the five star movement is a new party, that did not exist ten years ago and now is in power. and actually, what probably, would be one person very close to the movement became the prime minister. that these two parties are not necessarily good bedfellows, a re parties are not necessarily good bedfellows, are they? they do not see eye to eye on e

lorenzo codogno, visiting professor, london school of economics talking to us about what is happeningater we will hear from the for donaldrategist trump, steve for donald trump, steve bannon, we will play what he had to say. up next, some of the movers we are watching. china will cut import duties on cars from 25% down to 15%. this is bloomberg. ♪ guy: -- >> the best thing to do with china is a confrontation. not a confrontation to go to war, but a confrontation that tells them we are not going to andyou steel -- sit there race silicon valley. it is not going to happen. comments from the steve bannon speaking to bloomberg in prague. we will play out what mr. bannon had to say throughout the morning, and more insights into his thinking. mr. mnuchin is talking about the trade war being on hold. issues remain. he was alluding to those in that interview. let's talk about the stock stories we are much it -- we are watching. nejra: let's start with the movers we see in a telecom sector. the french telecoms regulator is more open to mergers. see iliad jumping. the real move has been in since