i'm delighted it welcome to "street signs," the ceo of valeo. it's nice to see, a company increasing goals, increasing margin expansion in europe, in your automotive sector. what's going on? >> it's all about innovation. we've been very lucky to be at a very fast growing part of the automotive business. the electrification of the power train, the autonomous car and digital mobility. with innovation, you mentioned it on the 6th of february, we disclose disclosed 23.6 billion, increase of 17% compared to previous year, and 50% of them with innovations. >> out to 2021, looking out four years, what are the mega trends that will be driving demographically or in innovation in that autonomy? what are the key trends for you? >> the market will grow 2%, 3% per year. it's not a question of volume. you have seen the pollution in the cities, we need electric cars. we have seen autonomous car and self-driving car, all those connected car, that's a mega trend and the digital mobility is something that we transform in depth in cities. we are under 3 mega trend

we like autos, haveand we valeo michelin in there. we like telecoms, telefonica deutch. that's the feel for it. insurances as well. aviva, we look to add to those sectors and technology. >> so quite broad. >> we have 20-odd names in that best ideas name. >>> not so with nestle? >> no. one of the things we are -- you'll note from previous appearances, we follow the fair value trends. it's clear in the stocks i referred to are beneficiaries of rising value trends. post. >> narratonovember of last year these value trends have changed. the laggards from last year have become relatively expensive from the lows. so news today means you don't want to be in those sectors. >> you have a green star on intesa sanpaolo. >> banks are screening well for us. they had a period of consolidation recently having rallied at the start of the year. that was enough to see the value trends catch up. intesa, yes. italian banks are something for the specialists. we run a process, a model. and therefore it will screen well for us. for people interested in that stock, yeah, this is the time to look

as i was going to write the proposals, we were back in new york and eric gardner regina pats valeo, whokilled eric gardner was not indicted and we're marching in this tree. the tour for next year over high profile. in a no-win charros and anna scott hanging from a jail cell. freddie gray who was beaten because he had the audacity to look a cop in the act, which is why they chased him and what he meant. in each of these cases, my book tries to get underneath that. public housing and joblessness in the case of freddie gray was about the prosecutors sought a spirit that historically unprecedented amount in the ways in which public defenders have been disempowered and the public itself has come under his old. sandra bland, and they were criminalized in their interaction. i go down the list in each of those cases to get a deeper issue that is partly about racism. it largely to the legacy of white supremacy, but we can't at any moment ignore the fact that all these things exist in a neoliberal moment for the ultimate measure of goodness. america becomes an ultimate decider, educate competing