this is why allianz is trading down about 2.3%. bank of america merrill lynch did reiterate their buy stock on that company still the market is taking it lower. commerzbank, about 2.3% for that company. deutsche telekom, up about 2.3%. commerzbank upgraded the stock today. we heard the numbers coming through yesterday. some said it was a bit of a mixed picture. others say it was more stable. tomorrow we get -- strangely enough, on a saturday, we get real data coming through on the greek division, otce, that might give us a bit more clarity when it comes to future trade. but in terms of volume, slightly lower. adam. >> thank you, patricia. in north asia, we saw some resilience out of japan and south korea. take a look at the major indices. once again, we saw significant leadership out of the chip plays in japan. elpida memory was one of the strongest performers as dram chip prices saw very strong exchanges in taiwan. meanwhile, the latest to tell you about, the latest coming from toray industries. they cut their loss estimates to 5

allianz, munich re, renaissance re, a bermuda based company, which is re, have all stepped forward to fund research and promote a better understanding and by that i mean public research made available to others and funding research looking at the health and property life exposures related to climate change. the industry in the united states historically has a business model that tends to be retro expespectiv retrospective. they look at actuarial data and trend toward. i say the europeans are more progressive in trying to understand future events and impact upon themselves as well as their policyholders. >> i want to conclude by asking anybody that would like to respond, one of the problems that we have here in the senate is the fact that senators from states that are not coastal states tend to think that hurricanes are not their prob m problem. and if they don't come from california, they think that earthquakes are not their problem. now, we are focusing on hurricanes here, but that is just a fact of life and that is human nature. you all want to suggest for the reco record, on a hurr

will they get bigger, and can we expect a second quarter recovery from allianz?ind out when we break the numbers. 7:30 a.m. tune in to cnbc world to catch all the action overseas at cnbc's global headquarters. i'm guy johnson, going global with your money. >>> so tomorrow we get the most important data point of the month. it is the monthly employment report. we all wait for it. it's like our super bowl every month. and it's really important right now, considering the state of the economy. we get three great guests today. charles biderman is ceo of trimtabs investment research. got a lot of interesting ideas about what's going to happen with employment over the next couple months. we're also joined by john herrmann president of herrmann forecasting. and ron insana, portfolio manager at thestreet.com money movers. john, let me start with you. this employment data tomorrow, what's it going to look like and what's it going to mean about the economy? >> here's the deal. right now what we're thinking about is we're at the low 3 handle decline. we have been thinking the

allianz, down 0.8%. immune ix re came through with a really good set of numbers. different picture whatsoever at bmw. watch out for that stop, down 5.2%. by the numbers, coming through for the second quarter and also the lack of guidance for the full year, so all in all, it's not looking very good. autos are very disappointing for investors. daimler down about 3.5%. frezinio medical care down. car sales for the month of july in germany have increased by 30%. we're trying to confirm that story. over to poland now and to blazej. >> hi. the warsaw market is a little off and the post currency also is lower against the dollar and the euro debt and after yesterday it was at its stronger guest the u.s. dollar in 2009. and after in july, the blue chip index gained almost 6%, pretty much leading the rally here in equities and emerging europe. we have important earnings results from the polish financial sector. pkosa, the majority owned by italian group unicredit has posted a better than expected net profit and the mip industry of the treasury saddened right now that it is

allianz came in with numbers better than expected. outside of the financials, you had some news from the sports shoemaker puma. and about the best that they could manage is it's a challenging market for the second had a. well, thanks a lot for that, guys. we are treading in the red right now until you can give us something better on the barrels number. let me sent it over in sick for for more. >> investors here are posting for the crucial jobs reports. the 225 edging ohioer. in china, the shanghai xos yet tanked 2.9% in that much of the easy number is coming from there. the hong kong market, down 2.5%. australia slipped 0.6%. the central bank today raised its interest rates. that's it from asia. handing it back to you, joe. >> thanks, christine. see you later. sorry. we're weighing how far to go. now for an early check on the u.s. markets, joining us now, david tice, nariman is here, as well. let me get a quick read on how you feel about the jobs number today and what it's going to show. >> we're a little more pessimistic than the con