pimm: you could make the case, but who knows.p&l business you don't know going out maybe a quarter or two quarters to determine how the company will perform. also, there is a lot of money waiting for initial public offerings. if you get a choice, you are an investor and want to invest in lyft, uber, or others, those are big ipos. you had, in canada today, i believe, a pretty good initial public offering, maybe $179 million. money is not infinite when it comes to investors portfolios. they may be keeping a little on the side for when these big ipos come to market. caroline: pimm fox, always great to get your analysis. coming up, is big tex threatening venture capital? how startups fair as companies like amazon continue to assert the dominance. that is next. this is bloomberg. ♪ ♪ caroline: one company reported that the president is starting down. he is said to transition to a chairman role as he spends more time on outside interests like the open ai research organization. there also confirming plans to move their headquarters to s

we are going to have a refined afternoon of good conversation and some libations, beginning with a pimm'sso cheers. >> ooh, cheers >> seth: cheers to you, ina. >> how fun is this >> seth: it's great. [ laughter ] >> i'm in big trouble. [ laughter ] [ coughing ] [ laughter ] >> seth: day drinking with seth and ina! ♪ all right, now ina and i are going to make drinks from her recipes to prove that i can make them just as well. we both have them on cards, and there's a partition so she can't cheat off me and we're going to start with duke's cosmopolitan. >> okay. first ingredient is lemon. >> seth: wait, do you have a measuring cup? >> i have a measuring cup. i brought my own >> seth: that's the problem with cook book people >> i didn't bring you one, though and a lot of vodka seven ounces of vodka. >> seth: just going to eyeball it over here >> you're going to eyeball it? >> seth: it says to shake it for 30 seconds is that true >> yep, it's true. >> seth: do you think i've done it 30 seconds yet? >> no. it's only five seconds >> seth: has it only been five seconds? >> yeah. >> seth: i think

pimm fox.till ahead, deutsche bank throws in the towel after years of turnaround effort, and agrees to begin merger talks with commerzbank. to back pressure mounts theresa may's deal. brexiteers face a long delay unless they support the plan. this is bloomberg. ♪ manus: it is 9:15 a.m. in dubai. let's give you a quick snapshot. crude oil is falling because there is a lack of consensus coming. we have an record in on the ground. goldman sachs still has a $70 price tag on a barrel of brent. we will talk oil very shortly. debra mao is in hong kong and has your business flash. germany's biggest lender and its rival have confirmed they are in talks over a merger. deutsche bank and commerzbank ended months of speculation by saying they are in contact, but say they will combine only if the deal makes economic sense. sources tell us the government may hold a stake in a lender that would avoid the german taxpayer being handed a likely lost. >> the outcome is open from these talks, and we will take time.