it's hour of truth now he wants europe to be faster to me decisions he has to say that europe is a continent that stopped believing in its future here addressed a problem of the rise of populism and he addressed the fact that people simply stopped believing in european values so of course that's the bone of contention with germany he talks about the idea of a common budget on a was a strong one budget with us so would europe also be able to have the financial means of its political action he wants more european initiatives he wants an increase of cooperation in the defense department so as to increase the power of interventionism by iraq lots of work to do in fact there's some people who could argue these were rather dire he was painting a rather dire picture but let's listen to what the french president had to say about where europe will be in the next 10 years the you know i have in mind is here and that is sulfur and united under law that take an act such and in 10 years time i'd like to see europe that has enough leverage to celebrate when it comes to policy is to acknowledge the migrati

is divided between all europe and new europe and when i write an article before 1017 addressing this issue it is to cause down to the baltic pipeline and the revenge and the revenge a sentiment in the eastern part of europe which was somehow colonized by the subject union and as we can see german french and other western nations are reluctant to previous commentators rightly set to participate in that because they are realistically assessing the cost of this participation of oil and also the moral cost of participating in. the iraq war but eastern european countries are driven by slightly different parameters and as i said when it comes to the polls. 2 we can see that american government of the american administration is heavily subsidizing the pipeline invented by the polish government in 2017 we know that the 1st transit of ellen g. gas was delivered in northern poland and board by the state owned oil and gas company called g m g so we know that trump displaying all of the hoax in the united states you know draw your wedge between the old europe new year old and new europe is willi

because more europe cannot mean europe alone. and the attempts to distance europe from north america not only weakens the transatlantic bomb and our ability to compete on the global stage it also risks dividing europe. i don't believe in europe alone us or don't believe in america alone i believe in europe and america together. so we should not compete with ourselves and talk our differences while talking down our strengths europe and north america are indispensable partners 2 sides of the same korean. together we are harmful the world's military might and half of the world's economic might so when we stand together we can compete with confidence protect our interests and defend our values thank you. i'm not on yet thank you very much section all right so we're going to talk about afghanistan because there is a crippling yeah yeah you could feel like i'm. sorry everyone. let's talk about afghanistan with the moves towards a potential reduction in violence. if all goes well possibly even a peace deal this means that the u.s. will

because more europe cannot mean europe alone. and the attempts to distance europe from north america not only weakens the transatlantic bomb on our ability to compete on the global stage it also risks dividing europe. ah don't believe in europe alone. don't believe in america alone on i believe in europe america to get the. because that is stoltenberg being it realistic aren't there are a number of european countries that are actually more more seriously thinking about going it alone than ever before. but we've seen criticism from the us of an a so we've heard french peasant amount of my core cool name brand brain dead so at the very least there is a desperate need for a reform within nato there's a recognition of that but it's unclear what will really take them forwards at the same time i do have to stress that that is simply the facts don't he is the diplomat in chief keeping nato together so you would say that what he just said ok mikaela commissioner at the next security conference thanks for that. the coronavirus epidemic is

if europe start to go along it will divide europe from north america but it also the europe so to go alone is not good for not good states it's not good for europe to roll wars the cold war the fight to get started somehow thought was that we need to stand together if coming out. honestly i can't imagine europe being able to guarantee its own security in the foreseeable future because we need the u.s. and when i look around the world i can't see any power that is as close to us culturally and economically as the united states. that's why i think it's good for us to hold onto it and fix that but the fact that we sometimes wrangle with the americans that we sometimes have different points of view means that the europeans have to get more involved and make a more effective contribution only then can we have a say. but come on meet. the new threats don't permit europe to go it alone nato is being forced to stick together as shown by the rapid reaction force. tank commander hey get him is working day is coming to an end he. his crew have been involved in this exercise for several weeks no

tries to reassure the rest of nato french president a manual tells the audience the west is weaker europe must rely on itself also coming up. france announces the 1st death in europe from the coronavirus epidemic the global death toll of the outbreak has now surpassed 1500 people but officials from china for the virus started insist it will soon be over. and we take you to the u.s. mexican border where construction of the controversial wall is in full swing conservationists are raising the alarm about the walls impact on the region's unique wildlife. unexposed are welcome to the program. world leaders at the munich security conference have laid out opposing views on the health of the western alliance u.s. secretary of state might pump aoe rejected claims that america is backing away from its role as a global leader told the audience that quote the west is winning and we're winning together opening the conference on friday however germany's president said the u.s. was pushing its own national interests over international cooperation and that was a view echoed today by french president emma

legitimate space in europe after the cold war series a felon in brussels was this for you a domestic speech delivered internationally by mr pompei. at the munich security conference that was just held over the weekend he did say democracy is winning and that kind of language is what resonates with the u.s. audience but it he was followed by defense secretary esper whose whole talk is pretty much china china china so it's a very different different narrative and the europeans felt that the pump speech wasn't very well received and that it wasn't actually very well written we've seen a decline in democracies throughout the world and authoritarian rise and the biggest issue right now for europeans is how they're going to navigate between an authoritarian china and the u.s. also they're worried about russia as we have this difficult narrative and how the u.s. is going to map it out they made a pretty clear at the munich security conference that europe is going to have to choose and this is one thing that europe does not want to have to do will require in london so clearly the u.s. expect

mccollum painting very different pictures of the western alliance plus france announces the 1st death in europe from the throne of virus epidemic a chinese to rest passes away in a french hospital as the lobel death toll of the outbreak surpassed 1500 people but officials from china over the virus started insist young predict will soon be over . and in the football hairs over land we're back in action this time with a new coach alexander norris stepping up to take the reins against potter born after doogan klinsmann's shocking to parch. thanks for joining me on the 2nd day of the munich security conference world leaders have laid out opposing views on the health of the western alliance now earlier today u.s. secretary of state mike pompei o where jetted claims that his country is backing away from its role as a global leader. day 2 of the munich conference one of the main speakers u.s. secretary of state mike pompei oh he began by contradicting a thesis put forward the day before by german president func father steinmeyer that lee winning that the united states rejects the international communi

when the lion showed the importance of africa for europe by traveling to addison during her 1st week on the job she's now traveling back to address with her entire commission a symbolic move the african union is a part of i count on and i look forward to working with in the spirit of a true partnership of equals. ditcher person. today i'm not here to present some grand plan for africa i am here 1st and foremost to listen. patmos she heavy costs the e.u. has been criticized for not pursuing this in the past but found a lie and says that she now wants to move the relationship between europe and africa in a different direction from a focus on development and aid to cooperation based on investment and respective interests and intention that seems welcome from the african side or. we're grateful that she is here and it shows this goes without saying her implication of the partnership between europe and africa we think of as a bit here the e.u.'s desire for a new kind of relationship with africa comes as europe recognizes that other powers are increasing their influence on the continent ch

so people from eastern europe are moving out of their home countries but people are moving to europe say feels like there's almost an untapped results right there this is what prime minister viktor orban of hungary had to say about the results he doesn't like the idea of people from outside hungary coming in to hungary have a listen we meet at that and we get out we'll keep pressure megaworld only we must push away the arguments that in global terms migration is able to solve the european population decrease if we accept it then there is nothing that we need to do but if we do not accept it then we do need to do something if europe in the future will not be populated by europeans and if we accept that as a natural facts then we basically contribute to an exchange of populations we contribute to the process that the european population will be changed there will be local shackle teacher. this has to be an obvious answer but why is so many european east european countries so anti the idea of people from outside coming in to help them with the fewer numbers of what as they have for inst

europe was already in focus yesterday as we've heard with much debate about strengthening europe's international security cooperation today europe is back on the agenda how so. well today's discussions have very much focused on threats to european peace and security from within and there's a lot of concern about the rise of right wing nationalism both within member countries and also in countries on europe's periphery also authoritarian regimes what's often referred to here as ill liberal democracy and the rise of corruption again particularly in countries on europe's her. if free all of those seen as a very real threat to europe's peace and stability in the question is how can leaders really work on strengthening rule of law both within the e.u. and also providing a beacon to those countries in eastern europe that are hoping to become the us and very much need support for their own path to democracy when the crane in munich thanks so much. china is reporting a drop in new coronavirus cases for the 3rd straight day beijing says the decline shows the country's efforts to control the spread of the

french announces the 1st death in europe from the corona virus from a chinese tourist dies in a french hospital as the global death toll surpasses 1600. and in football thirds of berlin were back in action in the get this time with a new coach alexander nuri stepping up to take the reins against power born after your conclusions months departure. a michael thanks for joining me world leaders and policy makers are wrapping up the 3rd and final day of the munich security conference the crisis in syria and support for nato are major topics but the conference has also seen leaders give opposing views on the cohesiveness of the western alliance french president has said europe should increase its independence after calling for a strategic dialogue over the role of france's nuclear weapons and european defense . he spoke with the german foreign minister heikal mohsin munich he said much comments could prompt europe to take a more critical look at its own role in the transatlantic alliance as a vivid and we would step the invitation to this strategic dialogue now we believe that we 1st need t

side in europe. we've seen an increase in manning on the cyber ops defensive side for nato nations in europe. >> sen. tillis: thank you both. i have a lot of questions, but general lyons, we will be in touch so i can get more insight into hhg. >> thank you, mr. chairman. general lyons, we've touched on the transition to the kc 46. you say this is your number one shortfall. you say it will create a critical and deepening gap in refueling aircraft for the next five to seven years. you do a very good job outlining the problem. but then at the end of your prepared remarks, you say we recommend reevaluating aerial refueling for structure plans annually. frankly that does not reassure me. i want to know, what's the plan? you cannot project force if we cannot refuel airplanes. you have identified a five to seven year, a deepening gap. what do we do? you don't need to give a full answer here, but for the record, i would like to see an action plan, not just reevaluation. >> gen. lyons: we'll be happy to work

rat right now for banks across europe. incomes are very much under pressure, reflecting low rates, us included. we have decided earlier this year to pass on negative rates to our larger savers. that will safeguard the top line. we are also working very hard to be disciplined on our costs. while we are putting more and more resources into regulatory and detecting financial crime matters, we are also making good progress on our cost-saving programs. we have given an update today regarding the future potential of these. clifford, you talk about having to charge now to clients. give me a sense, do you expect there to be a flight of deposits out? can you put some numbers around that charging process, the consequences that you have modeled for in terms of defending the top line and potentially the risk of deposits? clifford: yeah. mro we have an a large,, private bank. for those clients with more than 2.5 million with the bank, we are passing on the cost of 50 basis points per year. we pay 50 basis points to the ecb and we are p

secretary general young starting back to try and smooth over the continuing transatlantic tensions europe and north america are indispensable partners 2 sides of the same korean so when we stand together we can compete with confidence protect our interests defend values thank you i think every correspondent teri schultz is covering the conference for us from munich she joins us now for more in fact are you doing more than just covering the conference or actually moderating one of the panels this morning the pale panel you were moderating that discussion what was your biggest takeaway. karl i think the thing that struck me the most was how different this pompei of speech was from those we've seen in brussels or the comments that president trump makes about the european union you know normally they're all about america 1st america leading and in this case as you heard secretary pump aoe said we're a team and we are winning we're doing it together we're winning collectively and this is something i haven't heard from secretary pump aopa for so it was very interesting to get the sense that he

s desire for a new kind of relationship with africa comes as europe recognizes that other powers are increasing their influence on the continent chinese investments abound in africa and russia is moving into there's no better example of this shift than the african union building in addas a gift from china. the fact that many big powers group powers are interested in africa but this also makes europe relatively nervous but on the positive side it's of course group that there is a clear interest expressed migration from africa is one of europe's main concerns tackling this issue is important if the relationship between the 2 continents is to me forward but critics warn that the e.u. is not really listening to what african nations want this means for example that if europe wants to discuss migration we have africa and if europe also pretends to have a listening ear to what africa wants that we do not only talk about protecting our borders but that we also talk about the good part ways for africans to come to europe the coming months will prove if europe's attitude towards africa has tru

brand let refugees cross into europe with this trigger another humanitarian crisis this is inside story. however and i'm come out santamaria it is the biggest single day loss of turkish soldiers in syria's civil war $33.00 of them killed on thursday by government airstrikes in it labe which of course we know is the last rebel held province in the country and turkey's retaliation it has been swift its military says it's attacked more than 200 syrian army positions and some turkish politicians are even calling for a ground offensive but they've been some diplomatic moves to president reject typer one called russia's vladimir putin to discuss the deal they had signed to coordinate in italy bound to prevent the fighting from miscue lazing while nato which turkey is a member has pledged further support. condemn the continued indiscriminate strikes by the syrian regime under the shah in provence today's meeting is a clear sign though solidarity with turkey turkey is a valued nato ally and turkey is the nato ally most affected by the terrible conflict in syria which has suffered the most terro

migration with africa and if europe also pretends to have a listening ear to what africa wants that we do not only talk about protecting our borders but that we also talk about the good part ways for africans to come to europe the coming months will prove if europe's attitude towards africa has truly changed otherwise the e.u. is journey south will be more sure than substance my guess city is sexist on the end as he she is a policy officer for african institutions with the think tank e.c. d.p.m. bloc i'm sick of the 70 s. africa like his style that we're going to talk about funding lions plans in a moment but 1st just give us a sense solve what is the relationship status if i can between the e.u. and the a you at present. thank you so much for having me christine the relationship between you and africa we are seeing a dynamics of change because historically the relationship as we know i know by symmetry where it was more one sided and the e.u. looking for power and influence and also doing arrested country nation ship but lately for the past especially for the past 2 years we've see

,erage is 16% in the around 10% in europe, 9% in japan. europe against u.s. it is across the sectors. that you see oligopolies allow them to deliver these higher levels of profitability. down: hopefully we cool sooner rather than later. the next big thing would be the u.s. elections in november. within the elections is embedded a few large companies, with their oligopolies. have your question whether there is someone in the democrat party who wants to progress. it affects the competitive landscape the u.s. against the rest of the world. anna: what is your biggest conviction as we sit here in mid-february, clearly the tragedy in china still unfolding? what are your convictions, your conviction investments, as we look at the rest of 2020 and wait to see what shape the economic story looks like? we are looking for equity bonds at the peak because everywhere in the world, volatility is trying to cool down. we are looking for bonds on all the assets which have been negatively affected. anna: buying the dips. looking for that, then we will switch to the we arerespo

which is western part of europe but even large mint and policies are wrong you are large and simply prevent of those kind of events and then mannix this is why people feel that they have to do something themselves and this is why they decided to walk through defeat and this is why they leave as for the logo and then the basically fertility rates it's really a complex issue and many countries did try to battle this. some successfully and some not so successfully i don't think one policy as a lation actually matters has to be a complex structure it has to be this discussion about immigration as well attracting people back so not only desperate but other people from other places back into your country where there are opportunities being created so it's a very very complex issue and often it's being sort of. it's being sort of presented as one the population in any gratian while these are complete to arm related issues in a way i'm joined now by tim judah he's a balkans correspondent at the economist and he joins us from italian city and you know at times great to have you here i'm just

the outbreak 1st fatality in europe and the virus is making life difficult for many others. for one man in china quarantine is america a way to cope with the boredom. much of china is on lockdown in beijing people returning from the chinese new year holidays to self quarantine or face punishment china says it works. great after years have been paying off. today new infections also. have been falling for 12 days running. but authorities across china are overwhelmed with the sheer number of patients especially inside who bait province in who have the capital of patients are admitted to a new hospital with thousands of chinese traditional medicine doctors. also in hand doctors trying everything they can to tackle the virus including shaving their heads in case pathogens in their hair spread the virus and outside china thousands are also in quarantine the united states announcing it will effect to its citizens from the diamond princess currently docked in japan just one of many ships in asia that are on lockdown. the big question now is have infections of the fire speak no one c

and europe don't see eye to eye on a number of policies including president donald trump's decision to withdraw the u.s. from the 2050 iran nuclear deal several european countries also didn't join a u.s. ban on the chinese tech giant huawei playing a role in their 5 g. networks mr frum has criticized european allies for not spending enough on defense budgets to support nato and the u.s. opposes a new gas pipeline project known as nord stream to between russia and germany across the baltic sea the e.u. considers trumps middle east plans a departure from international agreements on the palestinian israeli conflict. ok let's bring in our guests in moscow we have glenn dyson professor of international relations at the higher school of economics and author of the decay of western civilization and the resurgence of russia joining us from brussels is to reason fallon director of the center for russia europe and asia studies and formerly a member of the strategic advisors group to nato we also have in london roderick why he's an associate fellow at the asia pacific program at chatham house and

spoke with the german foreign minister heikal masamune he said maccollins comments could prompt europe to take a more critical look at its own role in the transatlantic alliance as if it we will accept the invitation to the strategic dialogue we believe that we 1st need to decide within europe how to meet the increased demands in the future we will have to do more for our security but i think it would be a mistake to put europe against the us. as it were in its security alliance that works nato but it needs reform and we're discussing that now we want to bolster the european side of nato and to do that we 1st need to reach consensus in europe that dialogue that the monoid mccrone has proposed complaisant if it can roll in this that's why we will take part. in them to give you chief political correspondent melinda crane is covering the conference for us in munich she joins me now melinda hello there's a clear debate about the current state of the transatlantic alliance and your specific role what are you hearing from delegates about the best way to move forward. essentially from the eur

versus western europe. it was an issue all of europe was aware of in the mid 80s getting themselves reacquainted with it today and they understand the imperative of making sure that we have bridging programs in the regions in the northeast and the southeast of europe to ensure that we can shoot, move and communicate fast. >> thank you so much. appreciate it. >> thank you, mr. chair. gentlemen, thank you very much. general lyons, we've already discussed a little bit of the case 46 so i won't dive into that. just for note, our iowa air national guard does have the 185th air refueling wing that operates kc-135s and we want to make sure that this incredible unit is able to sustain operations ongoing, so something we'll definitely want to discuss with the air force during their posture review. general wolters, i'm going to pick up where my colleague, senator peters, left off. he was talking about the state partnership his michigan national guard has with the state members while iowa, our national guard has a par

france announces the 1st death in europe from the coronavirus epidemic a chinese tourist gys in a french hospital as the global death toll suppressed surpasses 1600. and in football shirts and berlin were back in action in the bundesliga this time with a new coach. alexander nuri stepping up to take the reins against kind of born after european claims munster shock departure. i'm michael oku thanks for joining me on the 2nd day of the munich security conference world leaders have laid out opposing views on the health of the western alliance earlier on saturday u.s. secretary of state mike pompei rejected claims that his country is backing away from its role as a global leader. day 2 of the munich conference one of the main speakers u.s. secretary of state mike pompei oh he began by contradicting a thesis put forward the day before by german president fine father steinmeyer what really winning that the united states rejects the international community and quote . here this morning to tell you the facts i'm happy to report that the death of the transatlantic alliance is grossly over exagge

treasury yields and equities in europe tumbling. investors loading up on level rate cut bets just as world leaders boost their calls for fiscal stimulus. 30 minutes until the opening bell. it is an ugly open. that is what we are poised for. s&p futures off the lows but still down 2.8%. the euro is weakening versus the dollar. yields in nine basis points on the 10 year, 11 basis points blocking the two year and the 10 year from a curb inversion. crude tumbling, down 4.7%. we begin with the big issue, a jump in coronavirus cases sending markets reeling. >>

looking ahead but europe's leaders are not speaking with one voice different e.u. governments even back opposing sides in the conflict it's threatening to become a show of european weakness that lack of common purpose was another of the conferences focal points. but after it was over the conference chairman told d.w. that europe was slowly making progress this is what i thought was new and important here this year. is that the european union is beginning to debate to how and and how europe can really learn the language of power the u. foreign ministers meet to discuss the arms embargo on monday. you know as a security conference in munich wraps up let's take stock with political correspondent and rush as am i so good to have you here with us now live you took center stage today in munich and as we heard stephanie williams senior u.n. official characterizing the truce or the arms embargo as a joke a very stinging but a very true assessment is it a sign that germany's efforts and they put a lot of weight on that conference that took place and not so long ago just wen

it's a crucial test for europe. for some years poland has been calling for nuclear weapons if necessary going it alone with the u.s. . it's. romania has invested billions of euros in u.s. missile defense systems to protect it from a potential russian threat. is letting your putin deliver. exploiting the current power vacuum and nato's weakness to redefine his own role. he's definitely fanning the flames in central eastern europe so it's not that i lie awake at night and worry about some sort of conventional military. escalation with russia i think that's always a possibility but that's not what worries me the most what worries me the most is his efforts to divide us and undermine our values and our institutions that we've spent 70 years building and he's succeeding on that front. russia is trying to destabilize the alliance and western democracies it influences elections and referendums launches the cyber attacks and wants to bind individual nato partners to it more closely. does putin see the end of the i.n.f. trea

a concentration on businesses here in europe and especially in the southern part of europe. tragedy of the coronavirus has approached these shores right near where you are investing. i'm wondering what impact you are seeing on the businesses you own. restaurant businesses, dental businesses in italy. what impact are you seeing? >> it is early days. the weekend was a bit of a shock in terms of the impact it has had in our italian businesses. the restaurant businesses have had some impact because naturally, people are more fearful to go out, the government decided to close in shopping malls, so it has had some immediate impact. the expectation is a will probably continue to do so until people are more able to assess the risk properly. cautious because it is a difficult time to price risk. matt: what response do you expect? rome askingng brussels for more leniency in terms of the rules. do you expect real fiscal stimulus? nikos: i would expect and hope it would be the case, and i think there will have to be more measures, because the last couple of days, you already see the ita

make europe's a vitally important for us only in and through europe was germany able to stop oscillating between rampant power politics and cultural who press. this united europe will only survive. if we regard it as the most concrete repository for german responsibility in the region i say it openly here at this conference which is devoted to security issues i say and is that all the dangers that face germany i see none greater than that our german narrative of the future dispenses with the united europe and whether as a result of a lack of insight because of indifference. or in some people's eyes even through intent. the question that you might try to be asking is what are the concert. and how should we approach europe and the world. we need. and that's my advice to us we need to adapt mentally to the new reality to this changing reality to the new reality otherwise we will lose touch with europe. and the us we will also lose our ability to shape events the realistic view of the world i'm calling for does not advocate resignation certainly doesn't advocate cynicism. no. comment realism

as opposed to europe. what this means for the economy in europe. if they were to start doing aggressive containment measures, growth.ld mean lower what they are saying is they like these stay-at-home stocks food-delivery, gaming, etc.. manus: order those takeaways. [laughter] annmarie hordern, thank you very much. the very latest from ubs. let's bring that proposition to credit suisse, nannette hechler-fayd'herbe is with nejra and myself. as far as ubs's proposition, explain to their and i how you differentiate em, your current status on em. nanette: emerging markets for us is not one aggregate that is having the same story, it is a compilation of very different stories. for example, there are countries that are oil importers. take india is a good example. these will be benefiting from a period when oil prices are low. in contrast, those that are oil exporters will obviously be hit. the same goes on a number of different areas. group, not a homogeneous is the key message from us. we like a number of countries very much and take exposure to them. fo

drive europe apart? we are already arguing in europe about what is happening with the budget. you have to wonder whether italy or others around europe will i am wondering if this has a positive effect on europe or a negative effect on europe, further driving a wedge between the north and the south? alessandro: europe has a history of being united in moments of danger and moments of risk. whetherquestion is there will be a change in the discretionary fiscal policy. this is not just in italy and whether germany will decide about investment programs as well. germany has been resisting this line saying they do not need it and they have the money, but if there is a threat, not just about the virus but economic stress, then perhaps there will be a shift towards a different fiscal compact. always nice to talk to you. i feel like i've not talk to you in a long time. alce sancho 10 tori -- essandro tentori. vonnie: the activist investment company run by dan loeb is pushing for the separation of the u.s. and asian

patrick: in europe, there is some value. what we have been biking europe is actually esg companies. aree are companies that trading at 20, 25 times alreadys but getting benefits on the top line, the bottom line from increased turbine demand. just as important, investors want that as well. you are benefiting the company's fundamentals. shareholders want to own esg companies. retail investors want to own the companies as well. when valuations does not matter, you want a benefit and equity. francine: you believe people are generously interested? a lot of the criticism is big asset managers say one thing but then don't follow through. patrick: i see it from our clients, meetings, pension funds. they want to make sure they don't have as much benchmark esg and move it and increase it. that is moving the dial right now and incremental demand, let's move towards esg. there is investor appetite. francine: patrick armstrong. iq:ext, it is time for "etf europe." your guide to the region's one trillion euros market. that is coming up shortly. a quick look at the markets. figuring out the virus

they want to see europe is serious about putting money to work. we are perhaps closer to fiscal stimulus. we will not see major increases in anything. if you are hoping we would get a real fiscal stimulus package, we will have to wait. europeans are arguing to cut back. vonnie: maria tadeo in brussels, our thanks to you. this is bloomberg. ♪ when it comes to using data, everyone is different. which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. guy: from london, i'm guy johnson. vonnie: this is european close on bloomberg markets. a treat at 9:00 new york time. bloomberg television premieres change"n the brink of it is a look at the path to electric vehicle mass adoption. alix

"etf iq europe." that is coming up around 9:30 a.m. london time. this is bloomberg. ♪ erg. ♪ francine: economics, finance, politics, this is "bloomberg surveillance." i am francine lacqua in london. let's get straight to the bloomberg business flash in new york city. here is viviana hurtado. viviana: the top job at hsbc has an external candidate. talks with europe's biggest banks. the board remains undecided, though. it is still including candidates, including the interim chief. hsbc says it could take until august to name his new boss. $3 billion to settle federal investigations for wells fargo. the penalties may be the largest yet for scandals when the bank conceded employees may have faked millions of accounts. they may announce penalties as soon as today. tesla got the go-ahead to resume legalng in germany, over roadblocks standing in the way of plans to build an electric car factory near berlin. tesla'sng is a boon to ambitious timetable to have the plant up and running by the middle of next

what we sell in europe is largely made in europe. the trade deals have a secondary effect, but not that much impacting us directly in our business model. vonnie: that is all we have time for. we will have to get an update on the restoration of the rembrandt masterpiece you are undertaking another time. our thanks to thierry vanlacker. at wheres take a look european stocks have settled. not much action during the option but plenty of action during the last stages of the session. a significant selloff driven on high-volume volatility spiking as well. those are the final numbers you are looking at today. some people are saying we would get a turnaround today. in europe, that did not turn out to be the case. the analysis at the top of hour with the cable show on dab digital radio. bloomberg radio. you can find it on all of your bloomberg devices. this is bloomberg. ♪ guy: welcome back. we are getting updates on the number of cases of coronavirus reported in italy. the lombardi region around milan is updating us and updating the numbers