s bank gave stephane miller's grass paper the green light to he's been granted a loan at 600000 euros and g.l.'s customers clearly believed in the product to he raised another 600000 euros of private investment through crowdfunding in just 12 hours. base of us the business will see it why should i feel a laded when i see how quickly it can work because it gives me reassurance about what we're doing and it's impacting the current market people are really interested and want to be involved in this it's a confirmation for our work that what we're doing here is right even beyond the question number turns content wise it's exactly what we want to do and it's the right time for this kind of work it's a satisfying feeling to know we're not alone we're part of a crowd a community and it works well with investments need to sustain. the 1st grouse pellet system in the world can now be built on an industrial scale. no. checks of delivery of machine parts. production is shuttled to starting in train mom. does its decline this is the smaller part here with humans or it might look big now but you h

basically there like okay, agree to disagree in trump goes out there and endorses the bill and then stephan miller gives a briefing in the white house briefing room and says this bill is great and will cut legal immigration so there is this sort of push poll and we could never actually determinedev whether president trump at the time or understood that it was what was happening, but when we interviewed at the end of the process he said i didn't agree with that aspect. no i know we are out of time but to say one thing that's them up well documented about this administration is that miller, trump, trump you don't know whether he believes it or not but miller and the people around him have pushed really hard in lots of ways to reduce legal immigration to the focus is always on the border and illegal immigration, but we document the changesth they have put in place to basically take every style you could turn and turn it down if not all the way then at least down in terms of the flow of people in the country whether it's legal or illegal and that's one thing going forward i think we will continue to w

a flop of a pass by distance of keeper zach stephan had thomas miller pounce i think on saturday so stoked him by and 2nd in the 27 minutes to them if i had looked indeed as if i had returned to their normal routine. up front they were tearing into a struggling just adore my while manuel neuer well he had to keep myself busy at the other end. and the 1st half wasn't over when the self was militate up says cannot breathe because number 3 his 4th of my memories of distilled those 3 all draw in munich last year seemed very distant and some would say that was a different caliber by and saw i. have. that kind of result looks unthinkable in the hands of flick it was a focused display and the champions. but then i get us the coach lays down the platter with no alternative he floors for and that's what gives the stability on the pitch give us has it had on flights this campaign's title race may not turn out as unexpected as some might hope by keep going at this pace to be hard for the other clubs to keep up. robyn nevin belsky cross to philly because she neo tatto finds fault with the i haven't ju

cfo stephan engels spoke with matt miller in frankfurt. scared by the quarter because it is unclear how to reverse the situation to something that allows interest rates at the end of the day to do what they are supposed to do, which is steering capital -- and the economy and the negative interest rate does not do that properly. i think that is pretty clear. >> that is your bloomberg business flash. francine. ? francine: thank you so much. commerzbank has downgraded full-year profit outlook. it marks the second retreat in just weeks by the chief executive as he grapples with the negative interest rates and increased competition. this as the german finance minister, olaf scholz, reopened the debate on consolidation as a potential solution to the continent's banking troubles. olaf scholz spoke to bloombergtv. olaf: losing the banking union and completing it is key for growth in europe. we need to hold this -- we need the banking unit because we want to have more growth, more jobs. francine: commerzbank chief financial officer stevan ingles als

stephan jefferson was sentenced yesterday for shooting deputy ron miller last april.ppened during a high- speed chase last april. jefferson fired nine rounds into miller's car and was only hit once in the hand. this all happened the same day jefferson is believed to have killed three people in the bay area including his own cousin. then he drove to san francisco where police believe he killed a man in bayview and another man in berkeley's people's park. according to court documents, he confessed to all three of those killings. >>> sending a letter to the county board of supervisors on a possible closure. supervisors voted last year to stop accepting federal grants for the airport in san jose. and clear space to possibly build low income housing. the retail view had 168,000 takeoffs and landings last year easing congestion at the other international airports in the area. for now, agreements have been made to keep it open for another 11 years. they are including rogue aircraft and vehicles because the signage isn't up to par. >> that leads to a lot of situational awaren

coming up this morning, matt miller will be speaking to the commerzbank ceo stephan engels after thelender downgraded its full-year profit outlook. domestic and after 10:30 a.m. -- don't miss that after 10:30 a.m. london time. this is bloomberg. ♪ >> good morning from the city of london. daybreak:loomberg europe." a holding pattern for global stocks. a u.s.-china trade summit could be delayed until the next month. entrenched uncertainty. likely tof england cut growth and inflation estimates, but will any members break ranks over rates? i will be live. gloomy outlook. siemens sees a decline for two dismisses next year. in frankfurt, commerzbank cut its full-year profit outlook. welcome to daybreak europe. more signals for the german economy. factory orders better than expected. looking at industrial production , we are looking year on year at a decline of 4.3%. expected,of 4.4% was so it is ever so slightly better than expected, but month on month production has a drop of 0.6%, so that is actually worse than what was expected, which was a drop of 0.4%. a little bit of mixed messages.