Lisa Abramowicz

So what are the big steps, Paul, that you've taken in order to remain agile, particularly with supply chains and removing any kind of direct input from China in particular?

How much have you rejiggered where you get your goods?

All of this costs a lot of money.

And I'm just trying to get my head around, we've all been trying to get our head around where it comes from, these extra costs in order to rejigger supply chains, to offset any kind of increased costs that might come along the way.

How much is coming from, whether it's freezing labor forces or trimming around the edges, how much is coming from higher prices on consumer vehicles?

Podcasts.

News.

I am here with Christian Saving, the CEO of Deutsche Bank.

And before we get started, I want to say we booked this weeks ago.

This was not necessarily booked to talk about the credit issues that are emerging to stave off any concerns that might be percolating out.

But I do want to start there, this idea that this morning we're all focused on what are we missing?

Have things gotten too frothy?

And have there been some issues of fraud or easy financing conditions?

Do you see that anywhere in your book?

Long-term, your shares are up more than 80% so far this year, so a couple percent here or there.

It's sort of, you know, okay, it's tough, but we can manage through it.

I am just wondering, though, whether it's indicative of people's mood, that people are looking for a reason to sell because they're getting nervous about how good things are getting and how far valuations have gone.

Do you see that with any executives and the confidence that you're hearing from them in terms of what they're seeking to do or how much they're planning to expand?

Given the fact that there are so many uncertainties still outstanding, are you surprised by how much optimism you've been hearing?

Let's talk about Germany.