i'm sebastian salek.k you. the italian parliament has voted in favor of the fiscal outline which includes a higher target for 2019. this has not settled markets and has been criticized by the european union. joining us now is raffaella temconi. still with us is gene frieda and patrick on strong. great to have you. what are we expecting today? we have in speaking to matteo salvini. do you worry about what is in the budget? raffaella: good morning. i think the biggest issue is more the fact that the italian government does not seem to be what is itsaining growth model and how it is going to go about it. e.u.ensions between the and italian government are here as we get into the european elections next year. although the parliament has there arehe budget, institutions that will criticize it and demand adjustment. i would not take off the table a downward reduction in the deficit will take place. are people underestimating the tension between the five star and the liga? this is an uneasy coalition. it is almos

i'm sebastian salek. this is bloomberg.: fiat chrysler agreed to sell a car parts for 6.2 billion euros. shares are up this morning for fiat, the first major deal for the carmaker under the new chief executive. this deal hashed originally? dan: yes. it was his idea and came at a time when he was really developing his is been on strategy. we saw it with ferrari. there was an internal debate probably on whether they wanted to go ahead and spin it off to investors. he said at the time before his passing that he also was getting offers. this deal, essentially wrapped up that process, and fiat managed to get a slightly higher price than some of the bids. francine: if you look at the share price, it is a quite significantly.what will they do with this cash ? dan: we have seen some analyst notes this morning. there is speculation they could perhaps pay a dividend, which will be the first since the fiat chrysler merger was put together. that is a possibility. see, fiatve to results will be presented later this month. that could giv

anna will go head-to-head with sebastian salek. this is the only track that matters when you look at the geopolitical tensions saudi is dealing with. this is saudi oil gdp versus oil dependent gdp. isyou can see, non-oil rising, but the country is still enslaved to the price of oil. why this matters is because it has been in focus since they are future initiative. it is coming to the forefront as a number of ceos continue to pull out. >> the people of canada will be far too high to think about anything else other than my chart. we has become legal and we have seen skyhigh prices for those pop stocks. -- pot stocks. 1100 at the peak. compared to bitcoin, last year's hype asset, and i have got before -- the fourth quarter of last year. gains,, massive comparative to bitcoin. when it does legal, will it go even higher? nejra: it is decision time. who wins? steen: two great charts. up,ink annamarie has to get she is given information most relevant to the market right now. nejra: thank you so much. thanks to everybody. and you can see a

i'm sebastian salek, this is bloomberg. tom: thanks so much. let's go to a data check now.ontinue negative. futuresres -27, dow negative to 93. that puts a decline well over 1000 dow points. a third off of u.s. real markets and futures. euro stronger off dollar. weaker as well. 1617.x was at we went out to 2021 and rapidly unraveled to new territory, up 24. we will have a chart to compare and contrast the vix to where we were in february. there is the dow with the close yesterday. you can add to that almost 300 points now. let's rounded down to 1100 points off actual trading. futures trading as well. yen comes in, stronger japanese yen to a solid 112.26. -- at the renminbi in there. francine: report of damage to corporate earnings because of the trade war. i'm looking at some of the latest developments. i have supplies is to be there's that -- distributors that added to action on the trade conflict. they were saying raising materials cost will heard a lot of their profit margins. i would also point to lbmh saying china is enforcing roles more strictly. lummis of the market