plus, steve eiseman, the man behind "the big short" has advice on what stocks to short today. >> deutschek is a problem bank. i think it has to shrink dramatically. julia: and up next, more of the business headlines. nominees to keep post at the federal reserve take questions on capitol hill. >> this is the flag and apple pie kind of hearing. you do not want to take a controversial stance. julia: this is bloomberg. ♪ ♪ julia: this is "bloomberg best"" i am julia chatterley, and let's continue our global tour of top business stories. in israel, the u.s. opened its new embassy in jerusalem. there was ceremony and controversy. >> we believe that it is possible for both sides to gain more than they give so that all people can live in peace, safe from danger, free from fear, and able to pursue their dreams. >> the u.s. embassy opening in jerusalem today. in the meantime, at least for -- 41 palestinians, tens of thousands converging on gaza's border. it is more than symbolic, isn't it? >> it has been a fantastic week for the prime minister. on one hand you have the iran deal getting ripped up a

steve eiseman made a big-time that before the 28 -- 2008 crisis. that investors short deutsche bank. he explains why an exclusive conversation. -- deutschek has bank has real profitability issues. they haven't spent money on technology in a long time. they're probably undercapitalized. they are a problem bank. it has to shrink are medically. >> do you see more consolidation in these european banks? >> i can't speak to whether there will be consolidation or not, it will definitely be consolidation in the united states. that is driven like how much companies like jp morgan is spending on technology, which is like 10 to $11 billion per year. the will have to merge to bulk up. >> i know you don't look too much into china now, but what do you think is -- if you're talking about excessive leverage, is that where we will subaru of it now in this time of the cycle? pretty think china is on the final? >> i'm not going to talk about china paradigm and studied them in a long time and i don't like it would be appropriate for me to talk about it. >> talk about

jason: steve eiseman, for fans of the big short, this is the character who is played by steve carelle movie adaptation of the big short. largelyit -- called it subprime mortgage crisis. he is the voice. alone.he is very much this is not a huge surprise. julia: he did said it will have to raise capital as well next year. performanceesent from banks. mentioned, this is a constant theme. deutsche bank is coming up almost every day one we are talking about what wall street is talking about, and not in a good way. people are not buzzing about deutsche bank just kill and it -- killing it these days. that only beats the drum even louder for some. exactly right. the only way to break in there is move. read story ont reallyomberg is this nice package with a lot of graphics and charts about where is" and it "really is not on wall street anymore. what you have seen, and the story lay this out is that wall street started and then moved to midtown and now is largely moving west to hudson yards. companiese related massive project over there. you and i hope spent time looking at it. david: the larg