should we remain vinal plant? certainly, is it a possibility? absolutely. let's look at the facts. the claims the border i vice lent -- [applause] >> claims people are coming here too get us. it's beside for the border in terms of wasting resources and takes our eye off the ball where the reel -- very hard to attract capital, investment and talent to communities like el paso and laredo when the governor says car bombs are going off in el paso, isis on the border. they're not true. >> the governor, i think he realized he made a mistake that was three years ago and still being brought up in the news, either -- some people say could be beating a dead horse. i think -- or that it's very real, going on. but commissioner, you get the perspective that is a little north of the border. and congressman, if you want to follow up with what the congressman said. the -- i just want to follow up with you because the middle eastern extremists -- you remember former sheriff in -- [inaudible] -- thought shay found al qaeda passages. did you take it seriously then or now? >> anytime there's a claim w

imf director of monetary affairs, jose vinals.ritish bankers association later. the corrective deflation taking nestle.ut of sales miss estimates. we are about to speak to the ceo. his first interview of the day is coming up after the break. ♪ >> it is quarter past the hour. you are watching "the pulse." live from bloomberg's european headquarters in london. in me take you to vevey switzerland. the last 24 hours have seen some violent market moves. investors around the world growthg to global worries. nestle's ceo saying he saw no "talents" for his company. plenty of headwinds -- deflation, ebola, stagnating wage growth. the firm missed third-quarter estimates. joining us in his first tv interview of the day is the company ceo, paul bulcke. thank you for taking the time to be with us today. is global growth is slowing? that is what you hear it all over. that is what we feel. really rethink growth as we would have expected or would have wished. emerging markets start to be affected also. theemerging markets and developed world afte

monetary capital markets director jose vinals. let's get back to christian schulz.said we're going to talk about the eurozone. i was intrigued by the reform debate. we've had a number of european about the reform agenda, specifically getting growth and unemployment down. in the euroweakness has allowed germany to put off much-needed reform over the last 10 years. i thought we were talking about reform in france and germans are the ones who are preaching reform. have we been looking for reform in the wrong place? is it just something everyone needs to do? breeds complacency. that is the point here. there is clear evidence that the grand coalition we have at the moment is going in exactly the opposite direction of what germany is recommending to other countries. we had a big increase in pensions announced in we are introducing a national minimum wage. i do not think these things will undermine growth in the short term. they may boost because of higher wages, more pensions. at least in the short term, it may even boost. >> maybe that's the privilege of an economy that