i'm carolyn roth here is your headlines deutsche bank raises its -- returns to profit. the cfo told cnbc the bank could benefit from circumstantial finding. >> there is always some advantage that takes place when people are be disrupted by strategic activity and we can be focused on executing our own strategy. >> third quarter sales grow 9% and the farma giant backs its giant and tell cnbc weight loss drugs will continue to be a focus area for the company. >> obesity is a big topic and why? it goes toward prevention. addressing obesity is addressing the root cause of a number of diseases. >> world's largest beauty companies misses the forecast and facing a slow down in the chinese demand. >>> germany weighs on the outlook for err bit. there are reasons to be optimistic. >> the economic backdrop has been improving the risk to the downside have been lowered as the likelihood of global recession has receded. ♪ >>> hello. good morning to everyone thank you so much for tuning in. i hoe you are ready for a busy show earnings are front and center, of course, in europe this mor

your provider for, ♪ cologuard ♪ >>> time now for business, and for that let's bring in cnbc's carolyn rothgood morning, carolyn. stock futures flat so far this morning after the s&p 500 closed at a record to end september. what's driving the market on this first trading day of the month? >> look, we're going to be getting corporate earnings today from the likes of nike, the company also getting a new co, so there's a lot of excitement around that. but i just want to put the recent market moves in perspective because, hey, we've been up some 20% for the s&p this career, roughly up 9% for the major averages this past quarter alone, so maybe some investors are pausing for rest here. but obviously we're still watching what the fed is going to be doing going forward. >> speaking of the fed, federal chair jerome powell said he still sees a soft landing for the u.s. economy. tell us more about what he said. >> yeah, that was very important, and it looks like the fed is pulling off the unimaginable feat, a soft landing and also protecting the labor market. he said this is also important for the ra