caroline: it sounds like this meeting with wpp is quite effective.your last note and you sounded a bit more buoyant about people starting to rejoin, reactivate, come to twitter as a product. have you lost your optimism there? james: i haven't lost my optimism on the user side. i do think there is an opportunity here. they are getting 2 million new users per day and the on boarding process has been good. unfortunately the revenue will significantly lag this. we are in a quarter right now where they are going through a sales force restructuring. you could actually see a revenue decline in the fourth quarter of this year, which could come as a negative surprise. if you do look into 2017, there is some room for optimism on the user side as far as the wpp's comments. you would have to see the user growth actually coming to fruition for the conversation to change. i'm still neutral on the stocks, hopeful on potentially higher conversion rates on users. caroline: neutral on a stock that is down more than 20% on the year. give us whether this is still an m&a

shares of ad giants wpp and publicis slide after the doj reportedly announces a probe into their bidding processes. >>> a last good-bye from postnl as the board unanimously rejects a third and final offer from bpost sending the dutch mail group to the bottom of the stoxx 600. >>> good morning. we have a stram central bank decision for you from the indian central bank, keeping its rate unchanged. saying all six members in the monetary policy committee voted in favor of the decision to keep rates unchanged. that is a bit of a surprise. the market was looking for a 25 basis point cut to the rate for the rbi. in part because of the demonetization of the economy that sent shockwaves through the economy the last couple of days but also the impending fed hike. let's look at the currency and how it's faring against the u.s. dollar. it's been under severe selling pressure in the past couple of weeks. it's not coming up, but we'll show you later on in the show. >> the central bank is saying the withdrawal of old notes to help temporarily reduce inflation by 10 to 15 basis points october to decembe

matthew: stocks like wpp, a global company listed in the u.k. -- big exposure to emerging markets.nd if it's from stronger economics globally. because whileo, it benefits from global growth being better, emerging markets, if the dollar rises too fast, maybe a problem. these stocks fall into a bond-like equity category. --xosmithkline, astra seneca these have attracted investors because of his ability. those stocks have been ignored by investors as they spring round and focus on value. francine: matthew, thank you so much. stays with us, and we talk more on the banks. up next, credit suisse slashes costs again. can europe's banks cut their way back to growth? ♪ francine: this is "bloomberg surveillance." last week was the first time in eight years that opec countered or said they would put in output cuts. a lot of analysts questioning whether they actually could. if you look at russia, we understand the kremlin spokesperson says putin has personally agreed to oil output cuts. if you look at the price of crude, because there was speculation that although opec decided to cut output, t