Market. Lenltds are a go. Airbus on hier plane deliveries. Booking a charge related to its military program. Good morning, everyone. Thank goodness, its friday. Lets get straight to Economic Data points. We just got the italian june unemployment numbers. It has jumped up to 12. 7 from 12. 5 in may. Another rise. A look at youth unemployment. Thats been worrying over the last couple of year as were just emerging out of the midst of the eurozone debt crisis. Even if the Italian Economy is recovering, were not seeing that through to the labor markets. The overall jobless rate, 12. 7 . Were expecting the euro zone jobless rate. That should hold steady at just over 11 . Lets go back to earnings. Frances biggest lender by ses t asse assets, bnp paribas. Lets get out to stephane who has been speaking to the cfo. The bank posted much stronger than expected earnings in the Second Quarter. A loss of 4 billion euros last year when the bang had to pay a settlement to the u. S. Department of justice. The revenue declined. All businesses per fomed well with almost a 16 rise of the revenue at the cib division. Bnpparibas improved by 30 basis points. Operating expenses remained under control with an 11 rise in terms of outlook, the bang believes that to the cost of risk will remain stable in the second half of this year. This is what the cfo told me. Well refrain from giving forward looking outlooks. We do see that we have to see if they materialize further going forward. For the rest, were focused on executing our industrial plan. Which is very well on track, as you saw from the Second Quarter results. How do you see the evolution of cost of risk . I think cost of risk if you look at it today, its basically stable. Its in we have a an environment which should basically be profitable for that area. But, i think, lets look back at it when we see the Third Quarter results. Whats the impact of the low rate environment on your longterm results . The main thing is you have to constantly adapt yourself in the environment if youre in a lowrate environment. You have to reprisprice. We have to follow the needs. Ever continued cost reduction. And low cost of risk. That is basically the bottom line drivers for our growth going forward. Second top gainer. Up 3. 2 . Still in the Banking Sector. We had earnings from the Investment Bank due to the Strong Performance of investment. Banking, we have more earnings to come in the french fnl segment next week. Elsewhere, a 5 rice for natixis. Driven by strength in the Asset Management business. Revenues and Private Banking sector rose oobt 19 . The stock is up by around 2. 7 . Shares in spanish bank Banco Popular in line with forecasts. Revenue declined 18 in the first half. Lets get back to the uk. Lloyds first half earnings were less than expected. Profit came in at 1. 2 billion pounds at 38 rise on the same period last year. Lloyds says it will look to return capital by oneup dividends and share up buy backs. Lets talk to hendry dixon. More money set aside is a disappoint. Absolutely. I think some changes that the registry is thinking about. I think theres something for everyone in the numbers. I think maybe if you take the ppi claim as something of an exception, i think we have seen a welcome return to Revenue Growth as well. Youre seeing it across the uk Banking Sector. Thats important. If we put the sector in the context of the three in trouble in the crisis. They were house builders, real estate, and banks. House builders and real estate are at precrisis levels. The banking is not. I think were starting to see welcome signs of Revenue Growth and capital build. Theres a reasonable amount of money to be made. With lloyds, its always been about the dividend. Its been reduced by 10 over the course of the year. Now, a small dividend. That was probably a little bit lower than the market expected. Do you think that investors will cling on to the hopes of more dividends, more share buybacks . I think so. The capital build is the recurring theme. Typically, banks today are half as leveraged as they were precrisis. I think thats what were fighting for. 75cent pound ratios in a twoyear view. They could be doing over 10 p earnings in two years. If you put that on a 5 yield, youre looking at a 1 pound a share price. That sounds outlandish. This looks like the one materially mispriced sector. Mixed price action at rbs and lloyds over the last couple of months. What is the case for the banks . Are they becoming well capitalized or is the prospect of the bank of england raising rates . I think the ballpark to me is threepronged. The starting point valuation is an enticing one. You combine that with a Capital Position continuing to build. Companies that are deemed half as risky as they were previe cr. A modest rise in rates. The inherent earnings in revenue potential is significant. Until two or three angles, really. The optimistic outlook that we see here for banks. How do you think the slippage of oil prices will affect the banks . I think that we could see maybe barclays maybe that one had an active energy underw underwriting business. Its clear they realize debt holders arent going to go away anytime soon. Theyre superior to the pp hofp holders. As i said, immediate number term. The caped cuts should be a high number. That is probably opportunity. Top pick in the Banking Sector . I think it would have to be rbs. We continue to think it will look a lot like lloyds in two years time. I think investors need to be patient. I think in two years time, we wont believe how perceptions have changed on the Banking Sector. They may not be the most horrendous thing in the world. Henry sticks with us. Interesting comments coming from the greek Prime Minister. He said that the greek government never had a grex implant. He says the government had to prepare a contingency plan. The greek government never had a grexit plan. He authorized the finance minister to form a team to prepare for an emergency. We were obliged to prepare for an opportunity for greece to leave the euro zone. What a sharp turn in his tonality. More earnings for you. Loreal has delivered the strongest sails growth in 20 years in the first half with currency being the major driver. Like for like sales came in slightly belower expectations. The Cosmetics Company is bullish in the second half. Airbus, a 6 rise in the first half operating profit. That offsetting challenges with the a400 and military aircraft, which is already billions behind schedule after a test flight crash in may. Now, the worlds second largest retailer, carrefour has beat expectations for the first half of 2015. The Company Makes about 73 of sales in europe. Consolidation in brazil january food business also helping them to a first half profit of 726 Million Euros. Finally, arcelomittal. The largest producer of steel benefiting from currency swings to deliver a met profit of 179 million in the Second Quarter compared to 52 million a year ago. Let get more on the story. Take it away. So lets have a look at airbus. That was one of the most important announcements made this morning. Net profit of 732 Million Euros in the Second Quarter. Airbus bookd a chart of 219 Million Euros oofr a military plane crashed in the south of spain two months ago in a test flight. Sales grew by 16 in the quarter, stronger than expected. Thanks to the high level of deliveries for commercial aircraft. Theyre expecting a commercial momentum across the port foal youre yo for t portfolio. The air bus 380 is confident in terms of delivery for this year. He said the program would break even even with deliveries below 30 units per year for the superjumbo. Besides that, no decision made with the lowfuel version. He indicated that airbus aims to double the production of the new 350 next year. Thats the new aircraft made of co composite materials. The phew military aircraft 800 m is years behind schedule and final cost will be much higher than expected. Probably 8 billion euros over the original budgets. That is raising the break even point for the program. For now, airbus has secured 174 orders for this type of aircraft. And, without any additional order, it will lose money on the program. But, of course, on the long term, it might be able to get some more orders for that military aircraft. Seema, carolin, back to you. Lets look at european markets. The last trading day of the month. In todays trade, not a lot of movement. Were down 0. 03 . Its been an interesting morning given the plethora of earnings reports we have been getting. A great way to look at the health of the european economy. If we break out the trade, the ftse is up by 100 points. The eurozone inflation number is coming out. It chou it could change the story. The focus is on the micro, less on the macro. That shows you the focus. When you look at currenciecurree euro continues to trade in the narrow range. At 1. 09 against the u. S. Dollar. When it komts to Economic Data out of the u. S. At this point, science still pointing to a september rate hike. That reinforcing the bullish view behind the u. S. Dollar. Usd trading at 124 against the japanese yen. Fear of deflation back on the table with the selloff in the Commodity Prices. Look at brent crude right now. How low will oil go . That is the big question. Resulting in a loot of the commoditybacked currencies trading lower. Wti crude at 48 right now. Spot gold got noting a bid given the high uncertainty around china. Why hasnt gold got an bid . A big question this month. Spot gold at 1082. Down just about 5. The weakening data out of china not helping the bulls around copper. A down day for corps. Down about 0. 5 . We have a lot of cool stuff coming up on the show. Making the taste buds pop. Find out why popcorn could be set to take over traditional snax. Also, were going to talk about google. Heres why. Google glass makes a comeback. We reveal how it could be making an appearance in your work place. And soul cycle files for an ipo. Has it got the stam thina to go distance . And youre looking at live pictures of the International Olympic committee preparing to vote on the 2022 winter games. China and kazakhstan are in the running. And beijing is expected to come out as the favorite. The former soviet union state is trailing behind a little bit. But keep in mind, beijing has already hosted the summer games back in 2008. Actually, four european cities have pulled out for political or financial reasons. So its either beijing or almanti. In the meantime, heres a lock how markets have been trading this month. Lets focus on the asia trade. Thats been capturing the attention of global investors. If we start with the shanghai composite. Red arrows across the screen. Losing about 14 in the month of july. This concern as to whether the central bank can really stimulate the chinese economy. If we stick with this, look at the shenzhen in july. Similar story here. Also down a similar amount by around 14 . If we take a look at the hang seng, the index of mainland countries on the hong kong exchange. Referred to as the hshare market. Around 6 . Still a down month for the hang seng index. A quick look at the japanese nikkei. Widespread concerns about what weakening china means for the rest of asia. Thats resulted in volatility in the asian trade. For the month of july, the nikkei gaining about 1. 7 . On that note, lets look at things in asia. Lets take stock off the absolute volatilitvolatility. We were in the thick of it in july in the china markets. As you eloquently pointed out. Were down more than 1 this friday. Were down 10 for the week. As you pointed out, down 14. 3 for the month. That constituted the biggest monthly decline in in nearly six years. That gives you a sense of the scale of the volatility that we have been witnessing over the course of the month of july. I would say that its probably going to continue simply because the market is still in this process after leveraging. Theres still a lot of margin debt out there in the system that has to be really wound down from the system until we see a degree of real lasting equilibrium in the market. I wanted to focus on the outperformers. The jakarta is being called a technical rebound. Over here, in singapore, the benchmark here down by 1. 5 at this juncture. The chodty trader noble has been weighing down the index. Uob, the Second Quarter report card was not a great deal to write home about. We saw q2 income falling to the weakest level, lowest level in seven quarters. Elsewhere, the numbers consolidated the picture out here in asia. I hasten to add next week, we have the risk event. The nonform payrolls. If we see a constructive number, that could feed into the dollar. We could see a further asian currency depreciation in this part of the world. That could filter through into the stock market. Thats the risk. Thats where we stand. Back to you. Thank you so much. Want to show you how the european core markets did in the month of july. One word really was volatility. We had the greek crisis to contend with. After we found a solution, rally. The xetra dax 2. 7 change. The ftse has been dragged down. The change is still high. About 2. 24 . The earnings picture doesnt look great. Henry dixon is with us to discuss. When i look at the sector map, energy, by far, the worst performing sector on both sides of the atlantic. A lot of that doing with the drop in oil prices. You look at refining margins, lowcost producers continue the ramp up production. And the u. S. Producers kicking up their drilling as well. The highest level since 2013. How are these date pa points impacting the way you look at gas . I dont want to add to the chorus that is incredibly negative on them. I think theyre now grasping the selfhelp that they can engender. I think the cuts are significant. And in many ways, the demand picture is always so difficult to analyze. You can analyze the supply side. The little weeks to in supply can have dramatic medium turn effects. Analysts are in a huge hurry to downgrade the medium. I think thats the wrong way to think about it. Its still a sector were not exposed to. We put over our lens of cash flow. And strong starting balance sheet, were disappointed with the opportunities presented to us. We acknowledge that is not groundbreaking comment. We constantly challenge ourselves in how we can see better plans. Its not easy at the moment. Were seeing a blood bath in the copper trade. Would you invest in companies with the least Commodity Exposure . Is that the best way to navigate . You look at the minors. Not enough to make a numerous investment. Youre starting to see some healing process in regard to the supply side. Copper is not probably the i think your worry list is iron, then copper. You could see constraints kicking in in places like gold. Its not easy. It is far from easy at the moment to make money in that sector. How do you feel about cyclicals . Now, most of the Investment Banks are expecting the euro dollar to go back to parity. I think the momentum on both sides of the pond has had the most significant force down event. I think we need to be a little bit careful if you look into the rate outlook. The sectors typically run ahead of themselves. History corroborates it as rates start to normalize. Clearly the earnings picture might be fine. You tend to make most money and lose most money in equities on the rerating and the derating. Luxury stocks quite interesting. A number of really, really good reports from the likes of the french. Thats really the euro weakness. Thats masked some of the underlying weakness. Weaker demand in china and other emerging markets. Are you worried that in the euro doesnt come down by as much the earnings will look bad . A huge shift here in regards tost dm. I think we have to think about that. With regards to ewe roe, we acknowledge its very weak on the perks and power parity basis. Its tough to see how the euro doesnt weaken a little bit from here. That story can play nicely into those hands. Okay . Henry, a pleasure. Thanks for joining us. Henry dixon, fund manager at glg. Still to come on worldwide exchange, weighing out the option. Should the russian bank cut or hike . We preview the decision after this short break. European equities post gains for the month amid a wrath of solid earnings. The biggest monthly loss since 2009 pch trading remains volatile. French banks bounce back. A benefit from a stronger dollar. The Second Quarter was very strong. We ended with almost 2. 6 billion. If you look at growth, it basically double digit growth on the top line and bottom line. The iraq demand for steel. The metals producer lowering the forecast for the chinese market. Engines with go. Airbus profits defend. The french planemaker booking a charge related to its military program. A relatively muted trade in todays trade as you see the xetra dax holding on to the line. Same for the stse. The cac working with better than expected earnings. This, of course, as Commodity Prices continue to fall. And in the currency market, the dollar strengthening yesterday. The gdp print was so so. Good enough to confirm the view that the fed is going raise rates at some point this year. The euro dollar below the 110 handle. In a half hour, we get the cpi numbers for the month of july. The yen is trying to reach the 125 handle. A lot of people wonder whether that can happen because, kuroda said he doesnt see why we should see further yen weakness. In the last half hour, the greek Prime Minister said his government never had plans to leave the euro but he was obliged to plan just in case. He authorized the finance many ster to put together an emergency plan. It comes as greeces ruling party backs a plan by tsipras to hold an Emergency Party come frens. Tsipras addressed ideas to further austerity. He said he had made difficult decisions to keep the country stable. And a new spanner in the work. The International Monetary fund will not participate in a third greek bailout unless the country reaches an agreement on did the relief with european creditors. Theyre worried about high debt levelinged a poor track record on reforms. Greece must repay the ecbs 3. 2 billion euros in a payment in august. Past rhetoric suggests there is further room to relieve policy. The ruble down 8 against the dollar since the last meeting. Todays outcome is anything but clear. Joining us is dmitrov petrov. The medium term picture and inflation is favorable. It makes the meeting quite difficult. The same time, we have seen some inflation surprises in july. Some expectations going higher. Some cpi surprise in food elements, which means, there may be some additional food sharp going through this year. The most important is the ruble. The ruble is on the slide again. The primary factor for that is oil. The central bank cannot control the impact of oil. It doesnt like to add fuel to the selloff at the moment. Which we think will trigger the decision to keep the rates on hold at this point. Whats the nature of the inflationary surprise . Should the cbr be worried about that . Thats the issue. We need more information on that. So far, we see Seasonal Items being slightly higher. At the same time, the key question, what is the grain output this year. The Ministry Department says well see tons of grans. If the number falls below that, well see food Price Inflation going through later this year. At the moment, its perhaps too early to make a conclusion. Whether this is the case or not. We could see them showing that could be the case. If you take a step back and look at russias economy. Theyre in a tough position. They need to boost growth. Manage the exchange rate. Which done do they attack first . The primary factor is inflation. Its dependent on the currency. You need to tackle both to chooef the end goal. In the meantime, we look at the currency. The central bank spent about 90 billion in 2014 supporting the currency. How much do you expect to spend in 2015 . Actually, we think well be accumulating reserve throughout the year. We dont see significant capital outflows going for this year. They can accumulate up to 10, 20 billion until the end of the year. Its conditioned on oil remaining at these levels. Were showing you a chart of the dollar ruble. Its back above the 60 level. In december, at the 80 level. 60 is an important level psychologically. Its a difficult topic. For the move from year with house hold expectations. At the moment, the house holds have been quite stable in their expectation about the currency. June, we saw some change this those number. If we see another wave of Russian House holds being bearship to currency. We could see those levels. At the moment, its tough to speculate. They have their own troubles to focus on. Absolutely. All right. Thank you so much for your time. Dmitri petrov. Tune in for live coverage of the rate decision. Thats coming up at 12 30 cet. Lets change gears. A suitcase washed up on the same beach as a piece of aircraft debris is being evaluated. Investigation as to where wl the aircraft wing is related to mh370. Malaysian Authorities Say it is almost certain that the wreckage originates from a boeing 777, the same type of plane that fell off the radar in march of last year. Lets get back to the markets. Its july 31st. We want to give you a look at how the u. S. Markets fared this month. The month of july, external factors. China, as well as greece. That resulted in a high level of volatility in the u. S. Market. Somehow in july, the markets were able to eke out a game at this point. 2. 8 for the nasdaq. The techheavy index. Google with better than expected numbers. The s p 500. The expectation of fed policy. A gain of around 2 so far. Well see how options exploration fares in todays trade. That could change the equity trade. At this point, holding on to a gain for 2 . Now, take a look at the dow. Given a drop in the oil prices. Energy the worst performing sector. That is weighing on the dow as well. Its the underperformer. The three u. S. Indices, only up about a quarter of a . U. S. Economic growth picked up in the Second Quarter thanks to a rebounding consumer spending. Steve liesman as the full report. Reporter more growth than the First Quarter. And less than the market expected in the second. Leading to bait stronger growth in the first half overall. First quarter gdp revised up to 0. 6 . It was originally reported to be negative. 2. 3 . A decent but unspectacular bounceback. More inflation than expected. Economists say the data is sufficient to seal the deal for september rate hike from the fed. I think they want to go. I think if they do go, theyre going to explain to the market very clearly this is not the beginning of a very consistent rate hike cycle. Theyre going to be very datadepep dedatad datadepende datadependent. Reporter lots more to decide before september. We have a strong number next friday, i think september is looking increasingly likely. I thought the statement we saw yesterday showed the fed opening the door to september. And all we need to get to that door is two good jobs numbers. Reporter the bureau of Economic Analysis announced the regular annual revisions over the past three years and a correction ho to how it seasonally adjusts the data. The revision meant the big scare in the First Quarter of 2014, when it looks like the economy could plunge into recession, was mostly revised away. From a 2. 1 decline to a more manageable 0. 9 fall. A modest 0. 3 . It took the first steps of changing the way it calculates gdp to account for anomalies in the quarterly pattern of growth. Changes that could mean smoother data and less anxiety among investors in the future. Cnbc business news, steve liesman. Good enough to support the view that the fed will raise rates. I have to be honest after the fed statement this week, i dont think were any wiser on if it will be september or december. More confusion, more mixed data. More skepticism as well as to whether janet yellen will raise rates. Markets seem to be pricing in a september rate hike. At this point, you dont know. Lackluster retail sale. The june jobs report. July not great adds well. Nothing to look forward to, really. And were waiting for the next jobs report. Its worth really worth pointing out that the atlantafed gdp tracker was the closest to the actual number. 2. 4 . Wall street expecting 2. 7 . They were far off the mark. You look at earnings season, the stronger dollar being voiced by every national dollar. Everyone is using it as a concern, a reason to say that guidance wont be as strongs a expected. You have to wonder how that will impact growth going forward. This could continue to be a headwind going forward. It helps the consumer. The consumer has better purchasing power if youre a big importer. The u. S. Is a lot of goods and services. For the u. S. , it doesnt matter that much. Generally, a strong currency should be good. It should be. Depending on whether youre buying goods in the u. S. Or overseays. The gas prices, lower again. You would think that means more money in the consumers wallet. Weve not been seeing that through to the real economy. Some experts say wait until the back end of the second half of the year. Well see. Moving forward, we just had flashes coming out from chi knee regul chinese regulators. Implementation of ipo Registration System will be a graj wall process and the regulator says the trend of market oriented reforms will not change. Of course, we have been watching the action coming in from central bankers as well as regulators. Chinese regulators saying it has not held meetings with brokerages in hong kong and shen zen. The ipo Registration System will be a gradual process. The next tease makes me hungry. Im really hungry. Well see what comes up. Still to come on the show were going to be talking a lot about popcorn. Healthy popcorn, that is. Stay tuned. Want to find out more . Well be back in two. Welcome back. Professional networking site linkedin has had a 33 spike in sales. Share fell in afterhours trade. Our own Julia Boorstin has the story. Reporter reorganizing the sales force and ad strategy are paying off. The benefit of the 1. 5 billion acquisition of linda. Com. 25 cents wert than projected per share. Up 51 cents a year ago. Revenue up to 712 million. Revenue would have increased 38 excluding currency changes. They not only grew user numbers and grew engagement, a of 0 in engagement from a year ago with search traffic growing faster than overall member activity. Mobile continues to grow at double the rate. Its now 52 of all traffic. In the earnings call, the company weighing in on the early integration efforts of its testing of linda. Com. Promotional campaigns have exceed expectations. With growing attention to international expansion, the ceo announced lingedin reached the 10 million member milestone in chi china. Its the second largest market for new signups behind the u. S. Back over to you. What i find so interesting is that once again we have a social media giant that reports better than expected earnings buzz the stock moves low person similar to twitter and facebook. A beat should be a beat. You have the costs rising 53 p53 in the quarter. We saw the same thing happening with facebook. People are cautious. Facebook has a lot more money that arelinkedin. This company doesnt do well when it comes to consumer satisfaction. Linkedin is the lowest ranking social media site. They need to improve that. From the people i speak to, lil len yals and those that hire, they use linkedin on a regular basis. You would be surprised. Sometimes youll say, isle put up a linkedin pro file. I dont care what i put up. Some people do. Stick with ten. Google glass is back. Its all business. The wall street journal reports the company has introduced a new version of the wearable device. The new model is aimed at corporate customers such as Health Care Providers and manufacturers. All having reported their Second Quarter numbers, are you buying fang . Thats the acronym you explained. Not me. Jim cramer coined it. We brought it up. Facebook, apple, netflix, and goog google. Which one is the best buy . Which one do you want to become bullish on . Join us in the conversation on worldwide exchange. Email us at worldwide cnbc. Com. You can tweet us. Ill be curious to see which ones our viewer like. People tend to buy the winners. Buy the winners, sell the sellers. Were going to switch to food. The 8 billion readytoeat Popcorn Market is growing. You may get hungry on this one. Stick with us. Casandra made her first break when she met the chef at google london. The cofounder of proper corn is now joining us. A pleasure to have you on. Hi. What inspired you to start the business . It was about five years ago. I thought there was an opportunity to create a snack that was tasty but also healthy and didnt have a tradeoff, i guess. How healthy is it compared to other popcorn that you buy in the movie theater. You have a lot of butter or salt on it. Whit is this healthier . We pop in Grape Seed Oil at a low level, its glutenfree. How do you market it . I guess nowadays you need a Strong Social media presence. Which of the companies do you use the most to market it . Or sit just really word of mouth really . How do you sell it . I would say instagram is our biggest platform. I think people with get totally obsessed with likes and followers. I think the focus should be on delivering real value and genuinely interesting content rather than obsessively trying to get fan base. Did google play a big role in your success . I think it was a great start. We were. Fastest mover. We got success off the backs of that. 3 million pax a month is our sales now. Is that online . A small amount. Just predominantly just up and down the high street. And lots of channels. Youre competing with big brands. What is so different about your popcorn . We now outsell a lot of major retailers. Had you said that three years ago, i would have been surprised by that stat. I think you know that the rise of the healthconscious consumer is no surprise. I think people want something that doesnt really compromise but also delivers real taste. I think that is something at the heart of everything we do. One persistent trend in the uk retail space is pricing pressure. We have seen price deflation. To what extent can you sell your product at a slight premium . Because theres so much pressure on prices. I think we put an emphasis on equity. People dont have to spend more to have something of quality thats good for you. It sells for an average of between 75 to a pound depending on where. Akin to a pact of gourmet crisps, i would guess. Are you hoping to go beyond popcorn . For the moment, were staying singleminded. We want to be the number one global popcorn brand. Were working on new flavorse ad formats. I always associate popcorn with going to the movie. Clearly, people eat it outside as a snack. I dont do it. Do you . I dont. Maybe one will in the future, if its healthy. You think, im going to splurge on popcorn. What sort of flavors do you have . We have the more traditional ones like sweet and salty and lightly sea salted. We have slightly more interesting once like fiery worcestershire sauce and sundried tomato. I brought sweet coconut and vanilla with me. We should try it. Were getting quite hungry. So, yeah. Whats the favorite flavor . What is the best selling flavor . Its sweet and salty. I think people understand that. Things like sweet coconut and vanilla are doing just as well. Its all completely natural. I never would have thought of mixing coconut with popcorn. How did you think of that . Coconut is a strong flavor trend at the moment. We look at the market to see whats going well. Its a case of with the team, just trying lots of different recipes and flavorflavors. Is this the best seller . No, sweet and satty is. We have sour cream and black pepper. Soon to launch a new flavor in october which i cant share yet. Sounds exciting. Outside of the uk. Were predominantly in the uk. Were in belgium, netherlands, ireland, france. Looking to go fourther afield over the next 18 months. Maybe the u. S. As well . Absolutely. Popcorn in the u. S. Is about 90 penetrati penetration. Were at 40 in the uk. Theres a really established Consumer Base in the u. S. Its very much in our sights. I guess one step at a time. Cassandrcassandra, thank you joining us. The cofounder of propercorn. Cocacola enter prices in advanced talked to merge with two other coke bottlers. The deal could be worth several billion. Coke has been seeking to combine the smaller overseas bottlers into more efficient operations. That would give them more flexibility. In pricing and packaging. Youll see up about 7. 8 in frankfurt. An exclusive nsa map acquired by nbc news. 600 corporate and Government Military companies are on the map. Nbc reports the map was part of an nsa briefing last year about chinas successful aitems to steal data about americas in a infrastructure. We talked about food. Now we have to talk about fitness. Soul cycle files fn an ipo. Has it got enough stamina to go the distance . We discuss. Dont go away. Welcome to the second hour of worldwide exchange, everyone. Im seema mody. And im carolin roth. A july to fert. The biggest monthly loss in six years. Gains under their belt possibly for august. Linksin reports a 67 million loss in the Second Quarter and offers disappointing revenue guidance. Engines are go. Airbus profits are on the way up. Feeling