anna: thank you, jacob aarup-andersen, cfo, danske bank . emmanuel macron says he expects president trump to pull out of the iran nuclear accord. we will continue to get response to the deutsche bank story. this is bloomberg. ♪ ♪ there has been a lot second quarter. billionaire has been charged by french investigators as part of the probe into the possible use of bribes in pw african countries to obtain contracts from public officials. the charges stem from the foul play when he was awarded contracts. according to a company statement, he is presumed innocent as the investigation continues. that is your bloomberg business flash. much, thank you very juliette: --juliette saly in singapore. future ofis on the the investment bank. guy johnson is on the ground in frank for. we have had the red-hot headline through the morning. there will be job cuts and a review. there is a sign of entrenchment in the united states. these are big lines on this day from the new team. : they talk about no time to lose in fixing deutsche bank. they are already making

another bank, danske bank, down 2.7%. the bank deals with probes into money-laundering allegations.cutive , christian balter will be joining the company in october. the head of wealth management will be leaving. finally, tesco, up 2.4%. retail across the board, tesco and morrison, improvement in the food retail sector, but overall, u.k. retailers had their worst sales slump since 2008. the sales was the worst -- the second worst month on record. likely that was due to these big snowstorms we've had. tesco may be looking higher, but keep an eye on the u.k. retailer. matt: thank you very much. let's focus in on the u.s. economy. in an exclusive interview, raphael bostic spoke with bloomberg's mike mckee from the university of south florida. he sees inflation hitting the banks 2%: the next quarter or two. >> the trend is going in the right direction. i think we will hit 2% sometime in the next quarter or two. i'm very comfortable going above the 2% to some amount. 2.2%, 2.3%, i don't think that the crisis of overheating. don't think that's the crisis of overheating. guy: still with us.