Firm has no intention of tlashing outtlash thrashing out a takeover deal. Theres nothing to negotiation. Unilever too sales rebound despite emerging markets. The ceo is planning on another year of growth. Overall results 2. 9 underlying growth. This is the 7th year in a row that we have top and bottom line growth. Strong internals as well. And welcome everyone to the show. A number of earnings out of switzerland to cover. First, Credit Suisse beat expectations in the Second Quarter with profit of over 1 billion swiss francs. Earnings continue to suggest weakness in the Investment Bank. Lets get more with carolyn froms urich. As you said numbers were better than expected but the credit doesnt go out to him. Hes only been on the job for a couple of weeks. Yes he might have been very well prepared for that job but were talking about the Second Quarter here and that credit obviously still goes out to the outgoing ceo and im a little surprised to see that the Second Quarter shaped up better
Thise about 30 into session. This is only the worst session in a little more than a months time for the major averages here in the u. S. Recordid, we have seen after record recently. This is a little bit of a switch in sentiment, certainly, if nothing else. Also, as we have been talking about with the anniversary of black monday, that is something a lot of traders are talking about and thinking about, and if you have not checked out our oral history on bloomberg. Com of that day, it is a fascinating read. We are amid earnings season as well, so it is about the fundamentals. This is a Slower Growth in earnings season, or is expected to be. The earningspershare estimates for the s p 500 and the yearoveryear growth that is estimated. We have come out of this earnings recession now, we have four quarters under about our belts of growth, and there is estimated to be growth this past quarter, but it is Slower Growth, as you can see, before and it acted increasing growth an expected increase
Hey, you, yeah, you, right there, put the phone down. Power lunch starts right now the dow lower, you can see it off about 1. 60 ge falling again the transports as a group seeing some selling too that group don as well is this a sign of concern goingforward . Viva mexico, the dollar dropping against the peso the biggest stock, now up 18 since that election. Two big consumer stocks on the move state side, chipotle, dropping to its lowest level in five years, and underarmor down again, the c class, that stock trading at its lowest levels since being spun out heres what else is happening at this hour new home sales jumping to their highest level. Soaring almost 19 from a year ago. Durable good orders also rising 2 last month. That was well above expectations, Royal Caribbean says its cruise ships are returning to two ports tyler . Thanks very much. Tyler math isen here, for our net net summit new Way Companies are leveraging rapid change, using technology to fuel growth joining me today,
Of an Electoral Committee dominated by beijing elites, has been selected as the new leader of hong kong. She has vowed to heal divisions in the territory, as Pro Democracy Groups denounced the election. The majority of residents in the china ruled city have no say in deciding their leader. Now on bbc news, as theresa may prepares to invoke article 50 some news to bring you from the United States of a Nightclub Shooting in ojai. It is reported that one person has been killed and 14 that one person has been killed and 1a others injured early this morning, that is in a shooting at a nightclub in cincinnati, ohio. The news chief says they are in the middle of a horrific situation that occurred at the nightclub with multiple victims. We will bring you more on that when we have it. Now on bbc news, as theresa may prepares to invoke article 50 for brexit, we investigate scotlands dilemma. Scotlands streets are full of tributes to those who have helped shape the country and wider europe. Think
Commitment to running resurfacing it be great if we could get a list of the courts that are being planned on being resurfaced just to see how its been distributed throughout the city. Sure. My next question or request was more about activation of our fields. I know im going to speak for very district oriented perspective as im sure the other supervisors in may. Im glad to see more activation of the [inaudible] park and i want to thank you for your hardship in our office of propping is activating this new park. Does never club site on house but obviously, kitty corner has a rec center. It would be great to work with your office to figure out how we can utilize that baseball field even more so it can be more utilize on the weekends and evenings im not sure how to do that but just more planned activities that we have in the park. [inaudible off mic] siri found it. It would be great to be able to work with your office on that and i did not realize there was such a decrease in gross partici