don't have a voice. that's all for this edition of dateline. i'm andrea canning. thanks for watching. hello and welcome to "street signs." i'm carolin roth with charlotte in paris and cisilvia in milan. pulling back, making french the victim in the slowdown of the luxury space. >> deutsche bank snapping its space as lenders post a net loss of 143 million euros but blames

the slump on a partial takeover lawsuit, hinting the shareholder returns. >> we had to step back from the idea of a second repurchase this year. what our focus is on now is building excess capital through the back half of the year. unicredit ups its guidance for a year after a second record quarter with net profit coming in at 2.7 billion euros. the ceo lays out his vision on the back of the landscape. >> the new normal is hyperutility and uncertainty where things are going to be, and it requires companies to be quite nimble, adjust, and try to constantly look forward and look at scenarios and be prepared for adjustable scenarios. alphabet shares dip while tesla stocks slide on its fourth

earnings miss in a row, but elon muffing remains defiant on self-driving. plus, pmi data slides as germany slides into contract territory. we'll break down the figures with chris williamson from s&p global market intelligence next. good morning, everyone. a very busy morning. let's kick things of the eurozone business growth actually stalling in the month of july according to the pmi figures. very tempered expansion in the services industry and now very failed to offset among manufacturers. that's according to the survey. when it comes to the actual numbers according to the composite purchasing index,

dropping to 51.1. so just a hair above the boom bust line. this month that's compared to the 50.9 figure that we saw in the month of june. again, very above the 50 mark and defying the expectations of 51.1. when it comes to the services sector, once again, the dominating sector in the eurozone falling to 51.9 this month to 52.8 versus a poll prediction to 53.0. we've seen marked under performance and french and german pmi this morning with both readings firmly in contraction territory, but the services reading came in just above the 50 mark, indicating modest expansion. we showed you the eurodollar exchange rate and showed you ahead of the weaker number. i want to show you the european numbers one by one.

the big story today, not necessarily the data for the equity markets but it's all the earnings, and we'll get to that in just a second. first of all, let's get through the data once more. let's check in with chris williamson. always a pleasure speaking with you. when i look at the numbers across the eurozone, i don't necessarily see a big boost from the euro championships, are you? >> no, there's very little boost in there at all. we have seen french service sector activity start to pick up a bit on the back of the olympics. that's the only area really where things are moving in the right direction, but everywhere else seems really quite weak. germany, the service sector there seems to have lost momentum, a sign that the euros spending -- the football championship spending provided

an all-too-brief sector there. >> at least we're getting a glimpse from paris. staying with france, the june numbers, we saw a big patch of uncertainty coming from the electrolandscape, the political landscape here. has that carried over into july at least. are there any signs of that? >> it looks like there's a lot of uncertainty that's really affecting french businesses. there's a sentiment index asking companies about their future expectations for the year ahead. that's especially weak in france. germany and the rest ofthe eurozone, they're running along the long run averages, but france, they're really weak. that's the uncertainty about what the future holds politically, the whole side of fiscal spending and policy affecting businesses. so that's really hampering activity in france in the service sector and the

manufacturing sector as well. so that's still acting as a track despite the snap election being somewhat the result. >> chris, let's talk about the problem child that is germany. even though the pmis have been trending higher the past couple of months, we saw the down trend in june and disappointing numbers in july once again. what is the biggest thing you worry about in germany? we all know the problems, high bureaucracy, high energy, high taxes, where should they be cautious about and where do you see signs of improvement? >> quite frankly, we don't see signs of improvement. there's very little that's going to give you encouragement certainly as an investor. we look at the employment sector. the employment gauge across manufacturing services, that's the lowest we've seen in four years. that was, of course, at the height of the pandemic. you have to go right back to january 2010 to see a rate of employment decline, the severity

we're now seeing in germany. so it's a really worrying indicator that companies are retrenching. they're cutting back. they're certainly not looking forward to growth in the year ahead in germany. if anything, it's just all about cost-cutting and trying to get lean and profitable again. >> but at least we got the rate cut from the ecb earlier this year, and markets pricing with two more rate cuts this year. would this kick start the german economy? >> it must help, surely, but there's other factors at play, as you mentioned. a lot of structural factors affecting the germany economy. of course, lower interest rate, lower borrowing costs will help drive the investment growth. if nothing else, whether it will be drive any consumer spending will remain to be seen. it will help the housing market a bit. there's various avenues in which

lower rates will have an impact. whether it's material remains to be seen. there's other factorings at play here that affects the german economy. i think from the interest rate perspective, the data is playing into the hands of people saying, look, more rates are coming, possibly two this year. we've got the price indices coming down as well, especially in the service sector. they're really coming down into territory where the ecb is going to be looking at those and this is looking like sustainable achievement. >> chris, we spoke to the ceo o a spanish baunk and he told us the outlook for spanish businesses is pretty promising. is that what you're seeing across the periphery? >> it's growing, that's for sure. there's been a big tourist boom across the mediterranean countries that they've benefitted from.

this is a bit of a post-covid thing, things like airline travel. we've got to see there's record numbers of tourists traveling especially into europe and southern europe at this moment. spain is a big beneficiary of that. certainly the service sector numbers holding up better in the periphery, if you can call it that still. so that's an aura of strength, but even that seems to be losing some momentum at the moment. the service sector growth has been dragged down by the knock-on effect of sectors that correlate highly with manufacturing, which even in countries like italy and spain, that's doing poorly as well. >> potentially because there's been a bit of a pushback in the countries against the tourists. chris, thank you so much for your input here. chris williamson here. as i mentioned before, we do have a lot of earnings on tap

today, and we're really in earning central these days. we've got numbers for all of the companies. i won't do that. i'll do it throughout the show. i want to zone in on one of the stocks. this is one of the biggest decliners in france, lvmh, off by 5.25%. sales grew 1% on an organic basis to just under 21 billion euros and that's compared to expectations of a 3% rise. the luxury group said sales in asia and japan experienced a big pullback on spending in china. i want to show you. obviously we've had an update from many of these companies over the last two weeks or so, and they were equally bleak. hugo boss down 3.8%. lvmh down by more than 5%.

bushry holding up a tad better, only losing 2%. let's get more on this from charlotte who's been covering the story. i heard comments from lvmh. they say chinese consumers held up, but it wasn't well enough. they're actually traveling to japan, but the yen is so weak it's not necessarily helping the bottom line, is it? >> no, that's a very interesting we tend that we see in asia. that's having an impact for lvmh. compared to european prices, there's a 20% premium in china. there's only a 10% premium in japan, so that shifts things, buying products in china will have an impact on lvmh. it will certainly be interesting

to see how the slowdown will affect them. we know how important the chinese buyer is to the sector. that's a slowdown compared to q1. here again, the slowdown is very prominent. asian sales down 14%. worse than in the first quarter there. looking aet the u.s. and europe, those things are still res resilient. europe, up 4%. the cfo saying the aspirational bias particularly in the u.s., they're looking at a different divisions which missed the bulk of sales there of lvmh of just 1% on an organic basis. wine and spirits faired the worst, 5%. people are not buying champagne. they do not seem to be in the mood for celebration.

cog knac cognac is more resilient in the u.s. overall for the second half, the cfo said expect a slight amount in a comparative basis for the second half. they have no reason to be pessimistic, but it would be bold to be optimistic. whether the chinese consumer comes back, there remains to be seen a shift there. hugo boss, burberry, they're all talking about the impact of china by the slowdown of the economy. we see price cuts on lvmh this morning from shares. down around 5%. bringing down the other luxury stocks, both companies reporting their own numbers over the next couple of days. >> charlotte, thanks so much for

that. a big rating going on in that space in the last couple of weeks and months, of course. we had a number of barpgs from the eurozone reporting today, one of them being deutsche bank. they reported revenues of 7.6 million euros, up on the year. pretext profit fell 71% year on year. but it would have grown, of course, excluding the hit of the long-running litigation over a takeover of a bank. i do want to take a look at what the shares are doing. off of session lows, down by 6.86%. over the last year deutsche bank shares have ralgyed by a whopping 48.3%. now, what we're seeing today might be a little bit of profit-taking as well, though, if we dig deeper into the

numbers, one analyst said the loss at deutsche bank was a touch higher than expected. now let's hear from james fehr mall ka. i asked him about the loan group and the domestic business in germany. take a listen. >> we had been looking for a pickup in loan growth. in germany, we've seen some continued i'll call it retrenchment, so the mortgage book at least for us is going backward. some of of that is intentional we do see some activity with our corporate clients, but it is still a little bit tentative. as the economy grows in the back half of the year into next year as we have a little bit more uncertainty about the environment, the political environment, we would expect to see that gain pace, but as you say, it's been a bit more

sluggish than we would have have liked to have seen. >> shares up more than 70%. no surprise today the shares are trending down a little bit, 2.6%, the company posting a better than expected 6.3 billion euros while net profits topped forecasts. by and large, beating expectations more in line with the metries. the italian lender upgraded its guidance, now seeing 23 billion euros in revenue but maintained its profit outlook. the company's preparing to accelerate its exit from russia. >> we are trying to deliver a solvent wind-down on an accelerated pace. if you look at the world of

banking, that is not a small achievement. actually if you look at our numbers from the first quarter of 2022 till today we have reduced the business massively without creating any risk. the next year, year and a half, two years are going to accelerate its pace, and we're going to get there. in the meantime, there are things that may or will hit us. it is russia rah. there is a war. but if you look at what's happened at the moment, and i cannot comment on a single situation, we took 200 million of provisions in charges against them, but russia was able to release more than 100 million of buffers and buffer through those 200 million to have the impact, and, therefore, we have had a record quarter while taking something that was completely unexpected. and this is a fervor

demonstration that the bank is well-provisioned, but our lines of defense are very strong and that we will continue to do that. >> all right. let's also talk about bnp parp par paribas. second quarter income rose 16%. charlotte has been pretty busy. she sat down with the cfo and asked how much further ecb rate cuts can affect it? >> i don't have a crystal ball, but we anticipate it will be gravitating by the end of 2025. that's what we see. for us at bnp paribas, it doesn't really matter. if the interest rates go sky-high or back in the middle, everything is fine for us. if it's high, it's good for some business. if it's lower, it's better for

us. intrinsically our plan can work independent of where it is. still coming up in the show, losing charge. tesla moving lower in extended trade. we'll bring you all the details. that 's next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets

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alphabet moving slightly lower after the bell on the back of second quarter results which largely delivered what wall street had delivered. sales came in 14% higher on the year, beating expectations more than $84.7 billion with cloud revenue topping $10 billion, but youtube ad revenue did disappoint with the likes of tiktok. and it was another disappointing quarter for tesla, which is sharply lower on extended trade. take a look at this, off by a little more than 7.5% after the company reported its biggest earnings miss since january of 2021 and its fourth in the row. margins of the automaker shrank to their lowest level in more than five years, and net income fell to just $1.5 billion, with

more than half of that with the sale of carbon credits rather than products. musk announced another delay in ton veiling of tesla's robo taxi. it was already behind schedule and has now been pushed back to october from previously august. muffing has also taken to x this morning asking followers if he should divert funds. he repeats his argument that the company's argument goes beyond evs. the value of tesla is autonomy. the other things are noise relative to all on themy. i recommend anybody who doesn't believe in autonomy should sell their tesla stock. they should believe tesla world

autonomy and buy tesla stock. always the questions are in the noise. >> john blank is chief strategist and economist. he's going to help us unpack these numbers. arjun is going to join in the conversation. let's start with the numbers. investors pretty unimpressed at this point if we take a look at the market indicators. did we see any bright spots? >> batteries are up. they're riding up the capex boom outside the company from the ai businesses and data center businesses, and that's wholly a good story. i think their supercharger network is getting back on track and they're getting more stations put in place and they're starting to hire back people from the april cuts. in general, away from the auto business, they're doing okay. >> the auto business is clearly struggling as consumers are

moving away from evs, and that's why musk is launching the poll if tesla should invest the $1.5 billion into ai. is that the best use of their cash? >> they've got $30 billion in cash. $5 billion would be a significant investment. i document think so. i think rock and xai is chatgpt with a little bit of a funnier face to it. i dom see how it jennalizes with the tesla autonomy story. tough to sell me on the idea. i would prefer him to get back to building affordable electric vehicles. that really is going to be the charge for next year. he's still dancing around on that. we don't see any new models in that respect, and that is the big issue. >> arjun here. i want to pick up on the story. there seems to be this battle playing out between the tesla story on one hand and it's

called the cast story versus tesla ai story. i want to focus on the auto story. the big focus is what comes next for the lineup of calls that they've promised in the first half of next year? what hopes do you have for that model in order to refresh what is an aging lineup in order to get tesla's auto deliveries back into growth again. >> i don't really have a lot of enthusiasm for this because he took away the boxed manufacturing, the unboxed manufacturing concept that was going to get onto a $25,000 a year vehicle. it's always the case that the manufacturing has been the product. this is really not the case here. what he's arguing for is to use the robo taxi on the exiting chassises. the model 3, for example, is probably the best example, and they're going to upgrade the chassises of these existing

manufacturing structures. that's incremental process. it's not likely to change the vehicle enough to get more interest and that's my issue with what he's doing right now. he really does need a modelle 2, and that is the unboxed manufacturing he's cast aside, and for whatever reason, since the twitter purchase in 202,2, e had an operating structure of 30 and now he's down to 15. there's not much he can do in terms of an operating bucket. >> we have to ignore that and believe in what he says that there's going to be there fleet of owners of tesla cars who are effectively going to allow their cars be part of an uber-ride

hail purchase. is it going to be happening in the time frame? i think elon said he would be shocked if there wasn't a robo taxi ride by 2026. >> generally he takes up all the oxygen in the room. first, waymo is doing tells of thousands of rides right now. google has invested millions. he may not be the first mover of autonomous vehicles. then you have a four-level redundancy class in china. austonomy with musk, he's going to get a $5 trillion market cap out of this. you've got to remember, he's talking in isolation.

he's not talking with competition that is in fact further ahead than he is in some of these respects with autonomous driving. certainly not the case that he has no competition here, and it's certainly not the case he's going to get a market share of 100%, and it's certainly not the case he's going to get this done in a year or two. he's got regulatory approvals. that's the other thing to consider here. the regulators are very, very concerned about these types of advancements. >> john, final question, very quick one. quick answer, please, because we're running up to some important data here. is tesla an ev company or should it be trading as an ai company, and if so, shouldn't it be commanding a much higher valuation? >> well, you know, the bulk case is always going to be they have some vision of a future that gets into this robot.

everyone will have their own an droichltd past autonomous driving is the robot. he did still pretty well, but it will out of prototype, into production outside of the company in 2026. i think, you know, the stronger case that they're more than an auto company is going to come from the robot. >> all right, john. thank you so much. john blank, chief strategist and economist at zacks. arjun, thank you for your contribution as well. let's take a look at the july flash come pot it pmi that came in at 52.7, above 50. in june we saw v 2.3.

the services pmi, we know this economy is heavy in terms of services. a contribution of 52.4. that is a slightup tick from 5 2.1. i do wonder if the good showing of the english football team helped the property a little bit. it's picking up in the month of july according to the data. when it comes to the manufacturing pmi, it came in at 51.8 versus 51.9 in the month of june. we're seeing a tiny, tiny bit of a strike when it comes to sterling. still down by 0.1% on the day. still coming up on the show, european banks trade mostly in the red today amid a slew of earnings. we will bring you all the details next. we will bring you all the details next. we will bring you all the details next. we will bring you all the details next. we will bring you all the details next. we will bring yo

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frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul is your gateway back home. so what is cirkul? it's your water, your way. cirkul, available at walmart and drinkcirkul.com. hello and welcome to "street signs." i'm carolin roth with charlotte in paris and silvia in milan. these are your headlines. lvmh misses top line forecast as chinese consumer

pull back on spending, making the french group the latest victim of a broader slowdown in the luxury space. deutsche bank snaps its winning streak of 15 straight quarters in the black as the lender posts a net loss of 143 million euros but blaming the slump solely on the heavy position of the partial takeover. it could impact shareholder returns. >> unfortunately, prudently we had to sort of step back from the idea of a second repurchase this year. what our focus is now is on building excess capital lieu the back half of the year. unicredit ups its guidance for the year after a record second quarter with net profit coming in at 2.7 billion euros. the ceo lays out his vision on the macro landscape. >> the new normal is high unturnly and it's going to require companies to be quite

nimble, adjust, and try to constantly look forward and look at scenarios and be prepared for adjustable scenarios. >> alphabet shares dip while tesla stocks slide on its fourth earnings miss in a row, but elon muffing remains defiant on self driving. the eurozone narrowly falling into contraction despite manufacturing activity while sterling rebounds as the uk economy outpaces its european rivals. okay. let's get back to earnings. bnp paribas has confirmed its lines. let's get into the details with charlotte. >> thank you, carolin. the numbers were better than expected with revenue up 4% to 1

2.3 billion euros very much driven by cib, similar to the performances we've seen from the worst players. their revenue was up 12%, very much driven by equities. their trading equities was up 57%. so lots better in the first quarter. having a momentum there. look, that's a part of the business that they've been working and building quite aggressively over the past two years. they took over several businesses from deutsche bank and credit suisse recently. that seems to be paying off at the moment. other parts of the business, commercial banking and commercial services were a bit more muted with revenue down 0 opinionet 3%, suffering some headwinds including wages in france. i had a chance to catch up with the co of bnp paribas and where

it's coming. >> mainly the main driver is stepping up. if you look at it, it's clocking in at 1 .2 million dollars. 30% of that is between different positions. further from that, we have operating costs. so all that is fine. then've ebb if you look at the bottom line at 3.4 billion euros, basically record-high. and then even if you look from those earnings two earnings per share, given the fact they've been buying shares, 8%. i consider this, indeed, a very solid result. >> you mentioned the cost has gone up, 23% in the second quarter compared to previously. why is that? 33 basis points? >> if you look at it -- if you look at overall the level of cost of risk is still the same. what you have is -- so we don't

see a generic tendency of deterioration. but what you have is every so many years you have one file, a major file that falls over, and we had one this quarter. you look at that, that's around $100 million. that's the one that tipped visual deterioration because of risk. if you strip that out, you see it's at low levels. let's be fair. we guided it to 40 basis points, so it will taper off. but what you see this quarter is basically intrinsically comparable to a quarter ago. >> the c cf o talked about the ratio. the 13% of potential equity of 12.5% led the bank to reconfirm some of the guidance for 2024, including revenue, at least 2% higher compared to 2023, and the cost of risk below 40 basis

points. now we see the bnp shares loader than 2%. of course, shares that have suffered since president macron called the meeting in france. they'll have regained some of those shares, but they're a little bit low this morning. >> thank you so much for that, charlotte. let's switch over to italy where eun leveler posted an increase. silvia has been poring over all of these numbers. the company also buying fintech. >> let's action snknowledge wha seeing. they're moving low e. this is despite analysts at

barclay, citi, as well as bank of america sayinging this morning they're solid results from unicredit. they're happy with what they saw today, and, indeed, the move on m & a france is a positive move as well. it's positive. perhaps with unicredit shares m we saw them beat top and pom line. on top of that, they also increased the full year guidance in terms of revenue for 2024. however, what analysts wanted to know was what is the plan for business in russia as well as what's going to happen on the m & a front. this morning we did hear from unicredit saying they're investsing in the bank, so they're moving here in the digital banking landscape, investing 370 million euros for the time being. but we know they're sitting on a lot of cash at this stage. there's strong speculation at

the moment about whether we're going to see unicredit buying one of the piers here in italy. the ceo did not say he's interesting in that for the time being. he did not see opportunities there. however, he did see opportunities in poland. let's take a look. >> poland has been a critical mark for us. we exited reluctantly. it's critical to the cee. while we having. taken a formal decision yet, given the leadership that is coming who has successfully built from scratch the banks in poland who are now among the better banks, we think we can replicate that and this is the right moment, but it's just a project. i hope in the future it becomes a reality. >> a lot of o investors and analysts are asking the question whether you're going to announce something more significant this year and in particular in italy. i know you've been asked about this before. but what i would like to

understand from you at this stage really is weather a full exit from russia is what you need to see in order to see more action at m & a. more analysts have posed that question. >> i don't think it is. let's put it in context. when russia invaded ukraine, the exit from russia or the impact of russia was about 120 basis points on a capital of 14. so taking the heat at the time would have been not definitive. but they would have eliminated all of our excess capital. today it's 50 basis points out of 60.2. russia is not a consideration of what we do, but they're a consideration because they need to exit. secondly, we need the strategy.

do we find the right targets? we have. secondly, the terms and conditions, and the terms and conditions can not at be the ones i would take to my is shareholder and think would vote in favor of. why? in spite of our performance, we still trade at a discounted sector, while all of this target trade at a very big premium to the sector and require another premium on top. >> so an important clarification there from the ceo saying that the exit from russia is not a precondition for m & a. however, i want to make a final point that in the companying weeks it will be important what the european courts say. what they did a couple of weeks ago to put pressure on russia to further accelerate it. however, unicredit asked the courts for clarity on how to to so. the ceo said whatever the courts

say will be a win-win situation for unicredit because it will give them the clarity, the rule of law they need to go ahead with this process. will it ooh esse what the cards will say, and thenning of course, what unicredit is going to do. on that note, i'll send it back to you, carolin. let's go back to deutsche bank. they posted up 2% on the year, narrowly ahead of expectations amid double-digit growth in its invest management bafrging division. i caught up with the ceo james von moltko and what the banks can deliver for shareholders. >> we've been increasing our differ accident and we intent to continue that by 50% a year, working toward a one euro per share dividend in 2026, and we're committing to continuing that path. on the share repurchase sigh, this year we've already returned in total above $1.5 billion, and, again, we intend to keep

working on our trajectory. unfortunately we had to step back from the idea of a second repurchase this year. what our focus is on now is building excess capital through the back half of the year in order to preserve the distribution path we laid out at the beginning of the year. >> i want to talk about your growth envisions, particularly when it comes to the wealth math side. it seems as though they've got their eyes set on the united states, which obviously is a highly competitive market. what's the biggest obstacle here? we've already seen the biggest opportunity. >> we're a global fran dhiez, and we've been billing that business stead will i for years. we're concentrated in europe and germany, but we have strong franchises in asia and the u.s. in the u.s., frankly, our business has been more oriented toward the loan side of the equation and we the we can do more on the wealth management side with those high net worth

clients in the u.s. we think we've got a real opportunity. we don't see any real barriers to growth. it's slow and steady building of the business in relationships with clients and also relationship manager hiring over time. >> and shares in deutsche, they're off by a whopping 6.5% in today's trading session. keep in mind over the last year they have risen 43%. so maybe some profit-taking. what also seems to have rattled some investors is the companies pointed to higher loan guidance. the cocktail of all of these factors, plus not going ba with the buyback program over the litigation expense, that seems to be sending the stock lower. all right. santander has raised its profit and that was in line with expectations. the spanish lender is now targeting high digit growth this year. the ceo told cnbc the bank is

benefiting from the current global rate environment. >> in europe, we have positive sensitivity to rates, meaning margins expand when rates go up, but in latin america, margins expand when rates go down. and rates have been coming down in most countries, but in particular in chile and in brazil. we are benefitting from that. year on year, the quarters have increased almost 40%. at the same time because rates are not going down as quickly as expected in europe, we are also benefitting from that. so, again, this is the beauty of santander. the fact that we operate in different companies through five global businesses, this means our profits are stable and predictable. >> still coming up on the show, kamala harris holding the first rally her bid in the oval

office with key endorsements. we'll have the latest. that's right after this short break.

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politics. vice president kamala harris's bid for the oval office received another boostiest with the endorsement of senate majority leader chuck schumer and house minority leader hakeem jeffries, this after she won support from the majority of pledged delegates for the democratic convention. harris also held the first rally of her presidential rally in the battleground state of wisconsin, contrasting her word with former president and republican nominee donald trump. >> ultimately in this election we each face a question. what kind of country do we want to live in? do we want to live in a country of freedom, compassion, and rule of law or a country of chaos, fear, and hate? and here's the beauty of this moment. we each have the power to answer that question. the power is with the people. >> now, the harris campaign has

reportedly requested vetting materials from five potential running mates. that is according to nbc news. it says the five main contenders are north carolina governor roy cooper, pennsylvania governor josh shapiro, michigan governor gretchen whitmer, ted walls and arizona governor mark kelly, obviously swing states. very important. meanwhile the ipsos poll shows heard with a 2% lead over trump before biden's exit from the race. let's get more analysis from brie jackson. she joins us with more on this. this ipsos writers poll obviously has the democrats breathing a sigh of relief, brie. >> yeah, that's right. good morning. a you saw in that poll, it's a close race when it comes to this particular poll. other polls do show president

trump is ahead in the polls, but overall it does appear that many of the polls show that vice president harris in a head-to-head matchup with former president trump actually does better than polls showing president biden would have done going up against the former president trump. so this is, you know, positive news for the harris campaign, which is really energizing voters. we saw that during her first campaign stop a the clear front-runner for the democratic nomination when she spoke to that energized crowd in wisconsin, which is a key battleground state for democrats. harris laid out her case against former president trump, and we're also seeing trump ramp up his criticism of vice president harris. he said he's willing to debate her now that president biden is stepping aside, following concerns about his poor debate performance. >> all right, brie. thank you so much for that. now, a quick check of european markets as we close out

the show. we're roughly two hours into this trading session, and what we're seeing is a lot of red on your screenscreens. today we got some of the earnings across europe that didn't impress investors at all, especially some of the banking names. i'm talking about deutsche bank. that's pushing it lower to the tune of 0.9%. that index is sitting at 18,393 points. deutsche bank coming out with that big provision for 1.3 billion here. that was factored in. the company factoring a higher loss. elsewhere, we had unicredit reporting that was more or less in line with expectations but the stock is down. by and large, we're in the thick of earning season, but today the number of the companies who have reported have failed to impress.

we've got easy jett bucking the trend. it's lifted its holiday guidance. that's very positive. 8% in this morning's trade. the company is also saying it's not seeing the softening of demand. let's also show you the bond picture because what we did see was the pmis across europe and german yields falling on the pmi miss. overall we're not seeing too much. the bund yield sitting at 2.4%. u.s. futures look like this. firmly in the red. 34 points to the downside is what we're expecting. the dow jones seen by 174 points. 176 for alphabet, tesla and that will be the focus. that's it for today's show. i'm carolin roth. "worldwide exchange" is up next. . . "worldwithde

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global headquarters and here is your "five@5." ceo elon musk is addressing the doubters. -- in disbelief -- it should sell -- >> shares of alphabet under some pressure. the ceo doubling down on the importance of spending cash right now.