ripple snus of banks by revealing their exposure to it and capital adequacy earlier i spoke to paul michael senior foreign exchange strategist at h.s.b.c. bank in london i asked him what he thought the result would be and what effect it might have on the markets a number of the european banks are going to go through this try to transparency argument to try and demonstrate to the market about who is going to be strong and who's going to be we can try to get a sense of how is the european banking system actually been holding up through this crisis so that's all tomorrow on this is what the key focus point is indeed going to be how is that going to impact the markets. well i think with what we have to realize is that there's been a number of officials coming out over recent days suggesting that. the banks in the respective countries seem to be in good shape in that they're going to pass these these stress tests there's been a couple of banks saying that they could possibly fail but perhaps the market already had a good feeling for this those type of. failure candidates i think really perhaps i

sweating on the stress test results of european banks out tomorrow to discuss this i'm joined by paul michael senior foreign exchange just a just at h.s.b.c. bank in london paul thanks for joining us could you briefly take us through what is a stress test what you're looking out for tomorrow. well i think this is the the ongoing story which is filtered out over the press over the past couple of months that a number of the european banks are going to go through this try to transparency argument to try and demonstrate to the market about who is going to be strong and who's going to be weak in trying to get a sense of how is the european banking system actually been holding up through this crisis so that's all tomorrow on this is what the key focus point is indeed going to be how is that going to potentially impact the markets well i think with what we have to realize is that there's been a number of officials coming out over recent days suggesting that. the banks in respective countries seem to be good shape in that they're going to pass. these stress tests there's been a couple of banks saying

michael paul is a corporate crisis manager here in new york city. ar wasso is a technology analyst. good morning to both of you guys. >> good morning. >> michael, let me start with you, okay, this is somewhat new territory for apple. this is the darling of the technology world. they're used to people patting them on the back saying, you guys are hip, you guys are great. >> that's right. >> and how do you think they have to handle this at this news conference today? >> this is not only an apple but a steve jobs hit. he supposedly knew himself about a year ago from one of his techs. he said keep moving forward. so i think the bottom line here, though, is this rubber bumper is not going to be the fix. if i bought the phone a couple days ago and my buddy gets it 30 days from now and it's perfect, i want the perfect phone. >> in terms of handling a corporate public relations crisis and you're the expert on that, so far this company has basically taken the problem -- one problem approach. they can't have that tone at this news conference, can they? >> the