Disappoints with guidance despite a stellar Earnings Report china meanwhile puts a dent in audis forecast sending shares in parent vw lower. Theres a new word around town, the fed saying only some improvement in the labor market is now required for rates to go up. Good morning to everyone. We have so much to talk about today. Lets kick things off with earnings. European markets are rallying across the board amid a raft of corporate earnings. Lets kick things off with the bank shares of Deutsche Bank generalnys largest lender plagued by litigation costs. Investors are optimistic that john krein can set the bank on a different path. Rbs soars to the top of the ftse after the Company Posted surprise profit the statebacked lender speeding up its restructuring plans and booking a 1. 1 billion pound charge in the process. A sharp rise in Second Quarter profit. Weaker performance in the homes market is offset by better results in the uk and United States for santander. Deutsche bank everyone
Headquarters. I am francine lacqua. We have a great and busy lineup of earnings and we speak to the cfos of brochure and captain me. We speak to the ceo of eula. Lets speak to lets get to bloomberg first word news with caroline hyde. Caroline Hillary Clinton has been nominated as the first woman to run for president of a Major Political party. It happened after Bernie Sanders to the microphone to ask that is former rival be unanimously named the nominee. Madam chair, i moved that the convention suspend the procedural rules. I moved that all votes cast by delegates be reflected in the official record, and i move that Hillary Clinton be selecting as the nominee of the Democratic Party for president of the United States. Shares jumped in extended trading. That is after the companys lowercost iphone see gained more traction with users. The tech giant forecast sales which fell for a third consecutive quarter. It was better than most analysts estimated. The two bank says its Second Quarter p