Bill gates and many others have taken the ice bucket challenge. The chief executive describes how this is a form of movement marketing. All that and more. Lets get headlines from su keenan. , fresh from his appearance Steve Ballmer has resigned from microsoft board. It comes eight months after his the parts are as ceo. Steve ballmer remains microsofts top shelf holder. Home depot with alltime highs. Second quarter profit topped estimates. Itemsses of bigticket helped to drive earnings. Another stock hitting a record high, apple. Investors look ahead to new products. Those may jumpstart revenue growth. Those are the headlines. Unrest ining ferguson, missouri. Police fired teargas at protesters. 31 people were arrested. We are in missouri. Our reporter was there when violence broke out last night. We join them by telephone from st. Louis. Tell us what you saw. The streets of ferguson, missouri looked like a war zone. Like the Foreign Countries where the United States military is operatin
We will talk to the head of companies that reported earnings. Hello, welcome to countdown. The ecb gets ready to dig over banking remission in europe. Tucker, p with all paul tucker one of the keynote speakers. He warned there is no quick fix to shore up europe lenders. It will take some good framework. Legislation is needed, but the , and theyestructure need to issue bonds. Bondholders need to take losses without depositors taking law is. Losses. Not all banks are structured that way. Fighting continues in Eastern Ukraine. Russia is calling for a sees higher while ukraine continues to accuse russia that ceasefire while ukraine continues to accuse russia of stoking the fire. Where are we, hans . Any progress . It will magically the latest ischancellor Angela Merkel considering a visit to tm. Kiev. Yesterday we had a day of diplomacy. They are accused of attacking a civilian convoy, saying there are dozens of death. Foreigny in early in minister lavrov called for a ceasefire. Foreignhat
Cisco just posting its worst revenue decline in five years. And gdp in the Second Quarter did not go at all. The compass the economies of both germany and france actually shrank. U. S. Markets are waking up. You are with that european news. We are joined by Bloomberg Economist david howell. The numbers for germany, france, both worse than excited. Itd take the markets by surprise . Yeah. Both of those numbers were less than expected, so they took the markets by surprise. The moral of the story is the drag on growth came from weakness because of the unusually mild winter in europe having advanced construction activity, which kind of stole away from the Second Quarter. The other is the drag from that export, which is partially linked to the situation in Eastern Europe with russia being a very large trading partner of germany. That meanid, does things will get worse, or was this just a oneoff . Unfortunately, it looks like things are set to it looks like the growth picture is set to stay