of bank is ready in talks to markets asset management arm with swiss lender u.b.s. other european lenders i mean while said to be looking at comments bank. c.e.o. christian savings said he does see plenty of opportunity outside of germany and europe's crowded banking sector here's what he told german broadcaster. when we look at europe there are five thousand five hundred banks in the e.u. that's a huge number when you compare that with other regions including america that's a large banking density especially in germany we've always said for dogshit bank when we stabilized when the balance sheet is solid again when costs are under control again when we've turned the first profit that we have to be more profitable but we want to go down this path and then we'll be in a position to be an active player in consolidation in europe as well. let's talk tech now facebook saying it expects u.s. regulators to find it between three and five billion dollars for the data scandal involving political consulting firm cambridge analytics or the penalty would be a milestone in the u.

about the present picture for retailers it seems to be fairly decent right now what recent report from u.b.s. claims that around seventy five thousand more stores will be forced to close across the country by two thousand and twenty six primarily because of e-commerce primarily because of amazon right so what does that mean for the future of brick and mortar retail and for the stocks of those retailers because let's face it it's just a lot easier to buy online. it's absolutely easier to buy online and it brick and mortar stores that want to continue to stay in the game they're going to have to up their online shopping game because i mean really that is the way of the future and you know companies like wal-mart in particular i mean they're really trying to make a go and to. argot as well with their online shopping game so you're going to see a lot of heroes in zeros the ones that cannot figure out how to speak to the younger generation to get their online shopping together are going to be out in the ones that can do that are going to continue to thrive you know it just seems like there's noth

also, some of the big four minors out in australia expecting the output could fall, according to u.b.sng exports of iron ore from australia's big four to sink 16% in march so we are seeing that both supply concerns being elevated here in the iron ore futures. 10-year we are seeing the bounce up eight basis points. we're coming back down about three basis points -- i should say .03. we are at 2.47 but we did bounce back to 2.5%. we can see back up in yield in china after the p.m.i. data, 3.18. u.s. futures pretty much flat. we talked about trade discussions. those are undergoing as well. china at least giving a bit of an olive branch ahead of concessions. sue joining us out of new york. sue: all right. the main banking lobby in japan warned the b.o.j. about deepening negative interest rates saying that could put further pressure on lenders' profits. the japanese banks are already faced with very thin lending margins and some are turning to risky investments to boost returns. he urged the central bank to stay flexible with his plan. >> the bank of japan has a history of making flexible p

former economic advisor to the obama-biden administration founder and cio of 32 advisors and ceo of u.b.sto be here. ainsley: one of president obama's good friends and good friend of joe biden. >> over a decade i have known him very, very well. ed: what do you think about the tone of this video. usually we would see this is my vision of america. here is the american flags and this is what i will do differently than donald trump. instead it appears a little bit dark and negative. >> i would disagree. i thought it was powerful and compassionate. if there this polarizing environment it's contrast to the president. the truth is i think he is saying we have to bring people together and this is not the right way. and i'm going to show you the right way. i think it's very powerful and i think there is a reason his polls, the monmouth poll come out top in the democratic field. poll came out he was plus 8 over trump. i know polls mean nothing at this point. he has really been rests sonating thresonating the last w weeks he looks like the most powerful candidate to go against president trump. steve