. >> results from the largest commercial lender >> deutsche bank, cayman lower-than- expected. -- results from the largest commercial lender, deutsche bank, came in lower than expected. -- will chair the bank's supervisory groups. >> -- is confident they will achieve record profits. he is said to turn over the reins of the banks to his two top executives. one is head of the investment banking operations. the other is the head of the business in germany. is responsible for the retail business and he is well with thp policymakers. there is some concern about his future position as head of the bank's supervisory board. >> the company should never become so dependent on a single person. i don't like the idea if he is taking charge of this supervisory function. he is policing its own policies. >> 25% of shareholders must approve of him taking over the board. insiders say he is a shoe in for the job. >> poor earnings reports weighed on markets on tuesday. we wrap up the trading in frankfurt. >> the results of the largest commercial bank has been mainly in focus moving the market and can only re

euronext and deutsche borse has cleared one of its biggest hurdles. deutsche boerse shareholders approved the $10 billion deal today. n.y.s.e. shareholders did the same last week. the deal, which was announced in february, is still subject to regulatory approval in the u.s. and europe. the combined exchange would create the world's largest exchange by revenue. >> tom: the scandal surrounding rupert murdoch's newscorp has spread to the u.s. the f.b.i. has opened an investigation into whether murdoch newspapers targeted the phones of 9/11 victims. it comes as rupert murdoch and his son, james, have agreed to testify before a british parliamentary panel. next week, the group will look into phone hacking and bribery by employees of newscorp's british newspaper empire. today, rupert murdoch says his company will recover from any fallout. >> susie: small businesses are often called the engine of the nation's economy. that's why tonight's commentator believes it's key to teach the nation's kids to think like entrepreneurs. with tonight's "kids and cash," her

deutsche borse shareholders have until next wednesday to tender their shares. combining the german and u.s. exchanges creates a derivatives trading powerhouse and the world's largest exchange operator. >> susie: we keep hearing warnings that consumers are nervous about their jobs and reluctant to spend. well, that wasn't the case in june. most chain stores reported gains much stronger than expected. but part of the strength was due to deep discounting and good weather. thomson reuters' same-store sales index rose a better-than- expected 6.5% last month. erika miller looks at whether the strength is likely to continue through the back-to- school season. >> reporter: with the sweltering heat wave sweeping across much of the nation, it's hard to think about sweaters and slacks. but if you trust the message in the june sales results, it could be a strong back-to-school season. only three out of 25 retailers in the thomson same-store sales index missed expectations: j.c. penney, stein mart, and fred's. the other 22 stores beat forecasts, the best showing on record.

i mean, it is by far the deutsch biggest to the taxpayer and allows more time and construction to kind rise ahead of all of the other competing suburbs in this area to really provide a lot of services to people to lower the property tax which was a big point for anyone looking to move in the suburbs you have the choice of dhaka in the suburbs and the prospect was able to stand out because of the parameters. >> what if any on the shopping center as well as the chicago communities and the 1970's and into the 1980's as well. >> and as i say in the book was built about 5 miles away from randhurst and it wasn't just what field that had an impact it was malls and shopping centers springing up everywhere in the 70's and 80's, and what my research has led me to was that going back to the prospect biggest to the taxpayer and was able to the services to the tax revenues other communities solve this and they were for lack of a better term very jealous so their solution was to build their own shopping centers and our own malls, with their huge what field or counter developments it was the essentia

. >> of the months ago, the ceo of deutsche telecom said he was serious about putting women in top positions in any company. two women have been appointed to the management board. one is of former kinsey executive, and a former state education minister has been appointed to the board position overseeing human resources. up until now, the eight-person board was exclusively composed of men. and onto sporting ms.. >> thank you for that. hanging on to the yellow hjersey. the 108 kilometers culminated this finish, a whisker ahea for his first ever tour de france big 3. germany is gearing up for thehe tour de france. the coach says the team will have to fine-tune its strategy. the german women may be failing to live up to their status. they are sticking to the game plan. the players are looking to improve. >> we have to start playing proper football. straight out attacking the banks so far, we've slipped up on making the final bass and converting our chances -- making the fina pass onrtinour ch if we can donce time. >>ngermy'ud eng. atold ofhe neplaaoe n n lltoy t hepackard set up operations here

yesterday deutsche bank raised their forecast for the month's job creation by a whopping 75,000. >>> there was some bad news. oil rose over $2 a barrel as speculators gambled global demand will rise, and gas prices, which had dropped since may, are up about a nickel since just the end of last week. >>> rupert murdock put 200 out of work abruptly shutting down "news of the world." they lost advertisers after it allegedly hacked the voice mails of thousands to the families of england's war dead. the scandal has also frozen murdock's attempt to take over a hugely profitable pay cable channel. it's now thought murdock will run a sister tabloid "the sun" on sundays. >>> crazy red sox, the cleveland clinchers, and the comeback cubs. your early morning sports headlines are straight ahead. >>> in weather as we approach this hot weekend, we're also going to see numerous areas dodging thunderstorms. your forecast is coming up. you're watching "early today." >>> well, good morning to you. if you are just waking up, this is "early today." in sports the yankees' derek jeter continues his grinding

deutsche bank is well-performing despitite the fact tt german banks contribute 2.3 billion heroes for a new greek rescue fund. that is according to investors. there is good economic data out from the united states that pushed the dax into positive territory. >> it is a solid and to an impressive week. the dax closed higher. euro stock 5050 gained 1%. the dow industrials gained 1.3%. the u.s. markets will reopen on tuesday after the july 4 holiday weekend. the former head of germany's's central bank is set to take over the helm of swititzerld's biggest bank. it will formally nominate the person next may. >> he is known as a man who is not afraid topeak his mind. he publicly clashed with chancellor merkel on her policies on how to deal with the debt crisis. when he was a member of the european central bank's governing council, he disagreed with colleagues who favored buying debt issued by greece and other problem countries. he has his own ideas about how a debtelief plan should work. >> t theseechanisms muste aimed at restoring the focus to direct responsibility. it must not display sol

yesterday deutsche bank raised their forecast for the month's job creation by a whopping 75,000. >>> there was some bad news. oil rose over $2 a barrel, as speculators gambled global demand will rise. and gas prices are up about a nickel since just the end of last week. >>> in a stunning response to the scandal involving his media empire rupert murdoch shut down "news of the world" for good. the paper lost advertisers after it allegedly hacked the e-mails from england's war dead. the scandal has marred his attempt to take over a hugely profitable pay cable channel. it is now thought that he'd run the sun on thursdays. >>> the red sox, the cleveland clinchers and the comeback cubs plus the latest on derek jeter's march toward 3,000 hits. >>> in weather as we approach this hot week, we're also seeing numerous areas dodging thunderstorms. your forecast is coming up. >>> well, a gr good morning to you. if you're just waking up, this is "early today." in sports derek jeter continues grinding toward that baseball milestone of immortality, 3,000 hits. here's fred roggin with an early look a

german media reports say deutsche bank is fast tracking the process of finding the successor to the ceofter dragging its feet on the issue for months. one option would be to appoint co-chief executives. there are several top candidates within the bank. the head of it regional management division is another possible candidate. reports say the supervisory board will be holding talks over the weekend to discuss the succession process. it is over to italy and back to you. >> itaan prime minister has id hwill n run for office again when his term expires in 2013. in an interview with an italian newspaper, he named the justice minister as his preferred successor. silvio berlusconi's popularity has plummeted amid allegations of corruption and sex with an underage prostitutes. he rejects the allegations. the alliance suffered major losses in the local elections. prosecutors in france and started a preliminary investigion into the colain ainst dominique rauskahn filed by the french writer who says he tried to rape her in 2003. the former head of the international monetary fund already faces charg

there were two changes made to the territory of wisconsin deutsch to the erie canal. one was this western boundary number five was taken away from the future state of wisconsin and given to the future state would be created to its west, which is minnesota, and that provided minnesota with a port at duluth, and then the number six shows the of the peninsula which extends off wisconsin. it was removed from wisconsin and given to michigan because of that line down there between ohio and michigan. when ohio wrote its constitution for statehood in i believe 1803, they suspected that this line due east from the bottom of lake michigan and the ordinance of 1787, keep in mind just because it on paper doesn't mean people know what it really is, but they suspected it would cut off the western river in ohio from its port where it empties into lake erie tolino commesso described the northern border little differently. they describe it as going from the northern end of the day, the top of toledo, to the bottom of the point of lake michigan stopping when it reaches the indianan bou

deutsche bank's boss says that the banks will be using a model announced by several french banks as thebasis for their participation. that means rolling over 70% of the debt into new sovereign bonds. >> the jobs boom in germany is about to enter its third year. the unemployment rate has been constantly falling for the past two years. this is an impressiverecovery fromom the situation experienced here during the global financial crisis. >> this company headquartered in bavaria designs and builds special tools and machinery for use in the automobile, engineering, and oughtindustry. the company is doing well now as the german economy continues to expand. during the month of june, just under 2.9 people were unemployed. that is a drop of 250,000 compared to the same time last year. the jobless rate in germany is 6.9%. the german labor minister is pleased with the latest numbers are e warn against a shortage of skilled workers. >> there is a real need for skilled and highly qualified employees. we have to deal with that. in some sectors, this problem is so serious that it is starting to affec

the remaining 25% sits in four different operation accounts and in a money-market fund in deutsche bank. also in the month of june, we received our first two checks for our proposition aa funds. we opened a new account. we are currently at a balance of $240,000, and we hope that will reach up to the projected $5 million once we have a full cycle of the funding. in addition, the authority is in position where we have enough funds to pay our debts over the next six months. we also are meeting all requirements of the government authority's investment policy. with that, again, this is an information item, but i'm more than happy to answer any of your questions. supervisor mar: seeing no questions, is there anyone from the public that would like to speak? seeing none, public comment is closed. thank you. could you please call the next item? >> item 8, introduction of new items. supervisor mar: there are no other items. is there anyone from the public would like to comment? public comment is closed. >> item 9, public comment. supervisor mar: and one from the public that would like to speak? p

deutsche welle has learned that iranian actors and film maker pegah ahangarani has been erased -- released on bail by authorities in tehran. she was about to come to germany to write about the women's soccer world cup for our farsi service when she was arrested in july. her uncle says her bail was equivalent to 58,000 euros. iran picked judiciary accuses her of making her an illegal propaganda film. speaking of money, time to talk about not having enough. that could be the case in the united states in a few days. >> the risk of default in the u.s. is rising as political deadlock continues in washington. investors are seeking safe havens like gold, which hit another all-time high on wednesday. failure to reach a deal on raising the debt ceiling by next tuesday will result in a u.s. default. >> the national debt clock in new york takes on as the august 2 deadline approaches. americans are getting angry with washington. >> serious. frustrated. >> i just wanted done. >> i think there is a lot of frustration right now. people want this problem fixed. >> polls suggest a majority of americans wan

the former number one, the deutsche bank chief. he managed to pull in just 8.9 million euros last year. don't feel too sorry for him. >>> turning to sports, in cycling is, the writer from norway has one stage six of the toward a france. a critic of the tour de france. this year stage was the longest, 226 kilometers. the bicyclist who came in third has the overall lead and the >>> other > > -- and the yellow jersey. >>> the world premiere of the final. potter film is being held in london tonight. thousands of fans turned out to say farewell to the characters who have grown up over the last 10 years. >> the boy wizard himself. in front of the fans. like many of them, he has come of age with harry potter movies. before the premiere in london, he had no comment on his alter ego. his co-stars had more to say. >> i will miss my character. >> ron became her love interest. >> it is such a huge part of my life. >> thousands of fans came from far and wide for the premiere of "the deathly hallows part 2." >> we are the three potter generation

. >> deutsche bank basically said something similar, that if they do not stop messing around, maybe the entire process should be overhauled and congress should not be entrusted with this very important job of raising the debt ceiling. >> is that going to convince congressional minds that we actually do need to end up with something, some sort of compromise before the deadline? >> last week, everyone was saying what will happen if we do not raise it. now we have agreement pretty much across the board that we really do have to do this. it is just a question of how big the package will be. >> how critical is president obama to this process? >> it is make or break. if he gets it done and gets a big package, he will win >> almost 60 years ago, doctors performed the first organ transplant. now, scientists in london and sweden have gone one step further. they have managed to perform transplants surgery without a donor. instead, the team replaced defective windpipe with the world's first synthetic organ. we have a special report. >> this is how the world's first synthetic organ was made, dippin

. >> deutsche bank basically said something similar, that if they do not stop messing around, maybe the entire process should be overhauled and congress should not be entrusted with this very important job of raising the debt ceiling. >> is that going to convince congressional minds that we actually do need to end up with something, some sort of compromise before the deadline? >> last week, everyone was saying what will happen if we do not raise it. now we have agreement pretty much across the board that we really do have to do this. it is just a question of how big the package will be. >> how critical is president obama to this process? >> it is make or break. if he gets it done and gets a big package, he will win reelection in a landslide. >> almost 60 years ago, doctors performed the first organ transplant. now, scientists in london and sweden have gone one step further. they have managed to perform transplants surgery without a donor. instead, the team replaced defective windpipe with the world's first synthetic organ. we have a special report. >> this is how the world's first synth

deutsche bank sold this house for $500 to a firm called x.b.y., llc. >> a company like this is going to put this on the internet, hope that some unsuspecting person sees it on the internet with maybe a flattering photograph from a different angle, and pays $1,000. and then, they've made $500 on top of their $500 purchase from deutsche bank for doing virtually nothing. >> reporter: is that now a viable business? you buy something like this for $500, put it on the internet, and hope a sucker somewhere else in the world is going to take it off your hands at a higher price? >> yes. if they do a volume, they do 50 or 100, and they make, say, $400 or $500 per house, it is a viable business >> reporter: not much reason to invest in landscaping, even if the law demands basic upkeep. >> the garage has had the tree on it for a year. >> reporter: joe ayers has never met the hollywood investor who snapped up this scourge next door. according to councilman tony brancatelli, that's common here in his slavic village district. >> we've been getting investors from overseas who are buying properties o

so one quarter we deutsch china and another quarter we deutsch japan and the third quarter we do vietnam and that's what about the war it's about the larger sweep of the history going back for 2500 b.c.. estimate of vietnam at war. marc philip bradley of the university of chicago. >> what are you reading this summer? book tv wants to know. it's been a book by john kenneth galbraith called the good society. it's a small book with tremendous was dumb for today. i'm reading an encyclopedia of conservatism by jeffrey nelson and a book called a viral spiral and a recent best seller which i haven't gotten around to reading black swan. islamic visit booktv.org to see this and other summer reading lists. islamic richard north patterson's newest novel discusses the threat of a nuclear attack on israel by terrorists and the possibility of another line 11 attack in the u.s.. he talks about the topics at an event hosted by the commonwealth club in san francisco. this is just over an hour. islamic in partnership with the library learning centers learning consortium and is a part of the club's good li

donny deutsch is the chairman of advertising giant deutsche incorporated. and dr. start with you. you are familiar with someone shaping someone's public profile, issues of branding. can she recover? >> two letters. o.j. she will get her interview, she'll get her book and that's it. >> how much can she get? >> for a book or interview -- >> but donny -- >> people with no network will touch her she is ngo.j. >> we already saw a foreign company offer her something, then revoke it because the outcry was so much. >> she's not out of danger. there are people who so hate her. i would think that there is a real concern for her public safety. >> nancy, how does she adjust going from three years in prison and there was notoriety all along the way but do you think she even has any conception of the attention that will be on her? >> i don't think so. this is a classic sociopath. she lies, makes up fake people. she lies where she works, everything out of her mouth -- >> the sociopathy -- >> she's thinking about what color her hair is next. she's not really thinking about getting

. >> allianz and deutsche bank shares down here like a contagious disease, concerns are growing that more government bonds are european countries have to be devalued. the problem with countries like italy, for example, is that debt there is too high, but the economic performance is too weak. in other places of the world, the economy is overheated, like in china where prices have increased more than estimated. this leads to the speculation that soon, the government of beijing will dampen the economy again. >> let's take a look at some market numbers in more detail now. beginning with germany, where the dax closed today's session at 2730, down by just over 2%. across the atlantic, the dow jones industrials continued heading south, currently at 12,505. and the euro is currently trading for one u.s. dollar -- $1.4023. price of shares in german pharmaceutical group fall as in jest -- investors digest friday's news that it has lost protection for its biggest selling contraceptive pills. it is one of its main money spinners, with sales of more than 1 billion euros last year. the ruling by t

you have another etf, an agricultural play, deutsch bank agricultural fund. dda, up 32% over the past 52 weeks. is there more up side here for investors? >> absolutely, we believe strongly that the world will need an ever increasing amount of food, and dba, etf which provides access to corn and coffee, sugar, wheat, is a great way to play that growing population growth and also an emerging markets where people are changing their diet and wanting to increase the amounts of protein. >> susie: i want to squeeze in one more, checkpoint software. phkb on the mass. dack, this has also been on a tear. what do you like about it and what's your target price for it? >> we think that it's, we don't normally recommend a stock that has such a strong rocket ship ride, but we do believe checkpoint has a very secure position in a niche of providing security for large corporations against hackers, viruses, computer attacks, and has the necessary components that all large industries will require. so we think it will trade easily into the 60s, fof not into the 70s. >> susie: al

so if italy were to go down, then you have deutsch bank and that connects with credit default swaps and nobody really knows exactly how all these intricacies work. but they worry about one bank leading like a dm i know to another and having -- domino to another and having an impact on u.s. banks. because we do have some exposure to these european banks in the united states and that's where the real fears lie. so the question is do they have to take haircuts or not. how does the european union address these things. >> tom: brian wesbury, he is with first trust. >> susie: more now on alcoa. its second quarter earnings more than doubled from a year ago. as the first dow component to report, the aluminum giant set a positive tone for the upcoming corporate earnings season. alcoa earned 32 cents a share, in line with analyst estimates. but revenues surged, up 27% to $6.6 billion dollars-- much higher than expectations. the company expects global aluminum demand will grow 12% this year and double by 2020. joining us now, alcoa c.e.o. klaus kleinfeld. so nice to have you back on the program. >

supported by news it may sort of quite another twenty percent bank of moscow so if they saw that a from deutsche bank sums up all the money. back and forth markets nothing is going on the market is rather boring but i thought it was for this first of all seasonal factor and the second factor is the universe just wait and see position and to wait for us that issue to be resolved but there are some going to those talks which move first of all i know i told the sun so to the division of gold and silver i'm a little higher and there was a few months growth even such talk as probably michael also gave the ball to three percent on the new york times to. deposit and also the stake in moral clarity and monetize reserves and probably views that as our news update for this hour back with more and about forty five minutes from nasa hope you jonathan. the limits it's a bit. too slim. chance. he. says. welcome back you're with us from moscow with me. now. notorious american security goes on trial for billing the government killing civilians in iraq despite claims of atrocities against innocent people the u.s

most banking stocks pretty ugly call dropped two point three percent and lloyds banking group and deutsche bank tell one and a half and one percent respectively. was the top performer on the dax. getting almost two percent this out. and russian stocks are climbing for a fifth straight session that's up to europe authorize a loan payout police easing speculation the country's prices will do way all the region's economic recovery now let's have a look at some individual channels otherwise likes to see most energy majors are trading in the black this hour heavyweights b.c.b.s. putting financials under pressure the bank is down over eight percent and that the scandal with its newly bought bank of moscow it's been discovered nearly a third of its assets are in bad loans after vos is up over eight percent and house on reports sales of la the cause. of the year. michael stein from a critic specs the week to be quiet due to the holiday season and lock up domestic data. so we expect the week to be a bit quieter than last week given that we're now in the summer season monday is of course july fourth

city this of it from deutsche bank says the holiday season and beyond certain see over the u.s. that ceiling means trading will be flat for them they are future. much older. americans. and the progress of the solution over years that's what i think it will be a critic what will the rest of the way for g.d.p. i would love for a big look for you got some emotional closure there is progress in negotiations with republicans and democrats on the green occur. of course because of the approach i feel for you have been more from dressed for the locations on nothing the students will go and we call them. some stuff about the move although it has reached the three zero high against the euro dollar currency baskets the growth of russia's money is made due to increasing uncertainty over the boys that flows in the sand and problems and yourself a less also say strong will a crisis and lower capital outflow are the fact they are supporting the ruble. well that's all the business news for now for more stores you can always check out our websites artsy dot com slash this so in the meantime stat