tells what deutsche welle means. guest: deutsche means germans we andlle means a wave.t was short way programming first in the german language to reach all the germans who left germany for whatever reason. they were here in the u.s. or somewhere in argentina or many other countries. they were interested in was going on in germany and after world war two, we had to invest in our image. we had to do something to explain that there is a new democratic germinate. for that reason, we started our program. the majority of the world population does not speak german so we thought might be a good idea to do the sampling in german -- in english and russian and many other languages. >> already is it's the icing 50s. you can get it via satellite and became a 24-hour news service in 1996. it is available on-line and you can see the website. we are seeing images of some of the store is being covered and concede the german news as well as international news. >> yes, i must take my ipad because i don't see what you see a i see outside regrets. financial news is still important and the e

the security guys always looking at deutsche bank. you'd expect germany being the home regulator, they would have this covered. i think it's a little off. market getting nervous. it's a bear market. you're seeing cements out there. all this is actually not new news. all the banks on the pam are being investigated, deutsch being one of them. so no new news. this going to be true for all the banks. >> yeah, but no new news. that may be the case, but it's yet another black eye, if you will, on any of the financials and any negative headline chira, has had a negative impact on the stocks, new or not, case in point jpmorgan. >> absolutely. we saw it barclays last week. a very expected event. in fact on wednesday evening when actually the cftc guys declared documents, said barclays settled on the libor thing in the first one actually adr didn't move at all. people expecting this. then people start pouring into it. you've got a negative sentiment. people start talking about lawsuits, can't get to a number. then basically you start selling. t

tells what deutsche welle means. guest: deutsche means germans we andlle means a wave. it was short way programming first in the german language to reach all the germans who left germany for whatever reason. they were here in the u.s. or somewhere in argentina or many other countries. they were interested in was going on in germany and after world war two, we had to invest in our image. we had to do something to explain that there is a new democratic germinate. for that reason, we started our program. the majority of the world population does not speak german so we thought might be a good idea to do the sampling in german -- in english and russian and many other languages. >> already is it's the icing 50s. you can get it via satellite and became a 24-hour news service in 1996. it is available on-line and you can see the website. we are seeing images of some of the store is being covered and concede the german news as well as international news. >> yes, i must take my ipad because i don't see what you see a i see outside regrets. financial news is still important and the

this was a similar question last week when deutsche bank ahead of everybody in this group we particularly mentioned and cut his by a full point. the street taking their estimates down. this should come as no shock. >> since march. we peaked in march, lower jobs data. the only good piece of the economy is housing. that's actually held up pretty much. it will be interesting to hear from some of these companies in housing, was it a pull forward in the first quarter or does the momentum continue throughout the year. we're betting it stays strong. >> steve weiss, how do you trade pulling down of growth forecast. >> what's interesting in the imf forecast looking at sub2% global growth this year and next embedded in that was the belief that there's going to be massive stimulus in europe, which we still haven't seen. so i think the way you trade this is continue to stay away from stocks like cummings. it had a great pop. now it's trading down today. stay away. it's not that cheap. caterpillar maybe we'll talk about that a little more. that's the global growth stock.

i need to receive it if i need to in the german banks or something deutsche bank is. just leverage is probably the most leverage bank in europe you know what perhaps is a huge bank and of course the chairman's are very worried about deutsche bank and they will try to keep it afloat with free money right sixty one leverage at deutsche bank all right wolf that's all it's i we have for on the cause report thanks so much for coming on thank you very much all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert our thank my guests rector of the testosterone pit going to send me an email please do so at kaiser report at r t t v are you until next time nice guys are playing by oh . sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you don't know i'm tom harpur welcome to the big picture. thing. all started here. for going global that's no. longer. choose your place take your stuff. to. make your st

need to receive it if they need to in the german banks or something deutsche bank as. it's leverage is probably the most leverage bank in europe in the world perhaps. a huge bank and of course the germans are very worried about deutsche bank and they will try to keep it afloat with free money right sixty one leverage at deutsche bank all right wolf richter that's all the time we have for the cause report thanks so much for coming on thank you very much all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert our thank my guests wolf richter of the testosterone pit going to send me an e-mail please do so at kaiser report at r t t v dot ru until next time x. guys are playing by oh oh. you know his secret laboratory tim kirby was able to build a new its most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about.

trying to somehow solve their balance sheet issues of course deutsche bank is insolvent society generale b. and b. that if you were to freeze in time and look at their balance sheet or any given day you'd find they have absolutely no collateral j.p. morgan's balance sheet is no collateral one hundred sixty billion dollars goose egg there's nothing there it's all smoke and mirrors jamie diamond is being probed by aliens trying to sell his company's debt to some arriving spaceship floating around planet earth and this guy here. or you just described it sees the ellens over area fifty one while they just take area fifty one public on nasdaq they can probably take a public for more than facebook and equally fallacious nonsensical company group on a ponzi scheme that went public for billions zinka apologies game that went public for billions how about area fifty one take that public to a leverage buyer j.p. morgan by goldman sachs of the proces and then take yourself to another planet and set up shop on some parallel universe of bankrupt them believe earth alone. ok well you know j.p. morgan

deutsche. from what i was saying, they got the feeling that maybe the next few companies that come on this platform will be companies already listed on euronex who want to attract investors in london and the way to do that is to go on this london platform. >> it's interesting, shares will be euro shares. >> euro shares. you'll have this currency trade. >> we'll go break. just want to leave you with this news. the htc has filed a claim against apple. not just stock exchange wars but patent wars. we'll be breaking nokia's second quarter results for our european viewers. ross will. stay tuned for in depth analysis and market reaction. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your

. >> massive job cuts are in the offering at deutsche bank. leaking details said 1000 bankers are being sacked by germany's biggest financial institute. that is 10% of the work force. the ax will fall mainly in london where deutch has its investment banking headquarters. -- where deutsche has its investment-banking headquarters. >> high winds and extreme heat are hampering efforts to control wild fires in parts of mainland portugal. -- parts of mainland portugal also suffering fires. the mobile phone maker nokia's net loss nearly quadrupled in the second quarter on sagging sales of smartphones. the company is struggling to gain ground lost to rivals such as apple and samsung. >> nokia posted a net loss of 1.4 billion euros in the last quarter. shares in the company jump, however, as sales of low-end phones buoyed saled. >> many consumers think nokia's mobile phones look old- fashioned. the sector giant was slow to react to the shift towards smartphones, and now it is paying the price. the company began creating models that could do more than j

she then designed trading software for deutsche bank and merrill lynch. >> there's an incentive to make as much money as you can for the firm. and in some senses, i think, for the traders, they think, "hey, i earned a billion dollars this year. i deserve some small percentage of that." what i think is incorrect about that is the behavior that that incentivizes is, "i'm gonna go for broke. i'm gonna try and make as much money as i can. and if it blows up three years from now, that's not gonna affect the bonus i make today." >> yahoo, 250 to buy, and i'm selling hewlett-packard about 200... >> narrator: the incentives are powerful. a young trader at a big wall street bank can make around $150,000 a year. >> all right, let's put all hands on deck. i'm tempin' up these mus... >> narrator: but based on performance, that number can rise quickly. star traders make huge sums. >> martin smith: how much are you making if you're a star trader? >> for a star trader, you could, after ten years, reach pay above $5 million or $10 million for the star performers. that wasn't the average. >> smith: $10

deutsche bank, db, was over 41. now it's down around 32. and take a look at jpmorgan, right back to where it was after that disastrous call when jamie dimon first introduced us to the cio trade. so i think that some of those european banks in particular, deutsche bank has been sold off a little too hard. in other words, i'd flip back out of that trade in europe. >> time now for "pops & drops," the midday market mover that is might not yet be on your radar, but will be now. let's start with the big-time retailer, it is a drop, it is saks, down more than 3%. why, pete? >> hit partially because of the downgrade. but we had an analyst on "fast money" on wednesday night and it was outlined why some names are outperforming other names. it's about margin and control. >> another prop,nxp, this stock is down. j joe? >> it's a name that i talk about a lot. i talk about owning and i own myself. it is a lousy trade right now. barclays calls into question the second-half demand in the semi space, i'm holding on to nxpi. i still think the stock rallies o

the analyst at deutsche bank. steve weiss, do you have a trade here? >> i do.e, i would stay away from the high end reliant upon the tourist trade, that would be saks fifth avenue where 30 to 40% of their revenue come from the new york store. people i talk to, europeans aren't coming over and they are not spending like they did. that's where i'd be cautious. >> i can't wait for comments, then, when i talk to the analyst from tivoli. >> i'm saving them. >> i know you are. please do. grasso, what's your trade? >> i would stick with target. more and more people i speak with are bulled up on the name. they have had their reservations in the past. i know the price they are unsure of but this is poised to go higher. >> coming up on halftime, one of the top performing tech managers looking under the radar for outsized returns. he reveals his top picks including one up more than 4% today. we'll be right back. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weig

deutsche bank up 3.7% as well. i own that one. >> are you telling me you'd be putting money in all these banks right here? >> i did into all those three. >> shares of barclays, deutsche bank and credit suisse all down more than 13% since that call. doc, brother one-upped you? >> oh, yeah, i'd take pete's trade over that trade any day, judge. you can't sugar-coat it and you can't make chicken salad out of chicken you-know-what. but i did like the banks back then, on dips like the one we're seeing right now, when barclays is below 10%, which you had, and you get jpmorgan, that range $33.36. when they reinstate the repurchase plan, which i think jamie dimon said could happen in the fourth quarter, i'll ratchet up that range for jpm as well. but, yea, kudos to pete for a great call on nexen. >> an interesting get-together the next time you guys are together. >> i know who's buying. >> me, too. >> ugg boot maker deckers getting a downgrade. the analyst saying we would not be involved in deckers going into the quarter, w

barry from deutsche bank. bk, you run money for other people.hat sort of demands are see seeing from clients these days. >> i think exactly what barry talked about is comparing the hedge fund world to an s&p 500 return of 8%. you are getting into it for diversification in your asset classes. a hedge fund is probably not the best thing for all of your money but a good thing for part of your money. there is a lot of interest in what i do. whether you're in the currencies, fixed income, commodities, that type of thing. and that gives you goody verseification. but when the s&p 500 is down, you probably do pretty well. >> afterhours action. very big mover here. >> better than expected second quarter results. the company giving positive guidance for the third quarter as well. sees third quarter earnings between 40 and 42 cents a share. on a revenue it sees revenues ahd of estimates. analysts looking for $330 million. this is all for the third quarter. the company beat estimates by six cents a share earning on an adjusted basis. it has been benefitting

star jones, donny deutsch and dr. nancy snyderman making her third appearance here this morning.want to talk about race and politics. mitt romney before t naacp yesterday and he on a few different occasions got sustained boos from the audience but also later some applause. my question to you is do you think he was honestly trying to peel off some of the african-american vote or was this a smart decision by him to go in and speak before a crowd he knows largely doesn't agree with him? star? >> i am actually encouraged that he went because i don't think that taking african-americans and our vote for granted is a smart thing. i think policeman a has the vast marnlts of african-americans who support him but we are a very divorce group of people. at any given time -- >> did you think it was rare they gave him boos? >> no. what's going to decide this election, this is what i'll call the demographic election, women, la tinos and african-americans are going to cost him the election. >> do you think, though, because went and state on me-- stay on message. >> i think with vice president bi

. >> hay una demadna e 50 millones y otra por una mordedura deutsche de un perro . >> la ciudad continúa. >> el presidente barack obama posiblemente es decendiente de esclavos africanos pero no por su padre de kenya sino que por su madre a pesar de ser blanca, tiene familiares, por ejemplo de john ponche que tuvo hijo con una mujer blanca . >> universidades que comenzaran a recibir solicitudes el cupo es de miles de aprobar recorte también bajaría el número de aceptados . >> de educación , varias universidades privadas invierten poco en los programas y cobran mucho es resultado de una investigación . >> las 30 gastan más en campañas de publicidad para atraer estudiantes . >> se dio gran paso en al construcción de los 49s, en total 14 mil vigas para el proyecto el nuevo estadio estará listo par el 2014 . >> [♪ ♪] . >> servicio postal en crisis financiera pierden millones, del 1 de agosto el servicio postal no cumplira el pago del préstamo por 5500 millones para cumplir los bonos de los carteros jubilados . >> [♪ ♪] . > >en noticias de iberoamerica . >> lluvias en costa rica, cientos han a

deutsche banc had a 63% before the pretax profit. they warned that the euro zone crisis will continue to add confidence and earnings. the bank is still committed to the universal business model. ralph silva is with us for the first half of today's program. hi, good to see you. it's hard to wage your way for this with so many provisions for this and that or libor or misselling or hspcsa. but the key story is all the investment banks are finding it very tough. >> they are, and it's the most complex earnings set i've seen to be honest with you. everybody took advantage of the fact that the brands are so deteriorated and so bad, let's get everything out of the laundry right now. all of the interest is in the olympics right now sxpt not everyone is watching this thing. >> bank handlers not doing their job because they're interested in the great britain men's gymnastics team. >> they can only afford tickets. >> no investment bankers are allowed to go to the olympic games. >> that's true. their wives are going. >> is this a kitchen sink qua

deutsche bank says second quarter results will fall short of estimate, countrily down 3.5%. that's where we stand right now. so, the banks under pressure. >> it's remarkable because we saw the weakness in gm and ford shares yesterday in u.s. trading. nevertheless, some automakers here doing better. speaking of earnings, though, facebook reports its first earnings tomorrow after the closing bell after becoming a publicly traded company and that prompts us to ask, where do you think the stock will trade after that report? will it be enough to put mark zuckerberg back on the rich list? shoot us an e-mail at worldwide @cnbc.com and tweet us @cnbcwex or individually. >> we would love to get your comments. >>> still to come, we'll tell you why nintendo is optimistic about the future despite failing to return to profit in the first quarter. . >>> welcome back to the program. japanese video game maker anyone ten dough posted small than expected second quarter losses. net loss came in about $220 million, about a third less than losses it posted a year earlier. but for the full busine

. >> now, i know that you're head of equities strategy for asia there at deutsche bank, but are you sensing from clunts this is a re -- clients this is a real possibility? >> i don't think so. we had specicommercial banks no doing well. i think it's a management problem. as you said this is way above my pay grade, but i heard clients nengs is the key problem they're facing. >> i will come back to you because i really want to get your thoughts on this market here and i know whether covering asia or other kwek quit ti strategies you have some real opinions. in terms of the same question, are you feeling, given all of the pressure on the banks, this could end up happening? this would be a huge change for profitability for these companies or for investment returns. any abopossibility? >> i don't see it, the banking sector has been very volatile. they're really just starting to claw they're way back, and despite this black cloud hanging every us from washington, i think what you're dealing with by having these two segments, in many cases they're not compatible, is additional diversification. the

why would deutsch try to sell to at&t last year?want to do a deal with them h i don't like speculating takeovers, the fundamentals are deteriorating, a combo would be fabulous. finally, sprint is still hated by the analysts. imagine it keeps on delivering like i expect it will, the analyst will be forced to upgrade the stock like ubs, sprint rallies another 24 cents. bottom line, if the incredible quarter sprint reported, no doubt that dan hessy's turn sarntd real deal, congratulations, dan. i think the $4 and change stock is headed north of $5. the big inns institutions will be allowed to bite analysts upgrade and to quote neil young, long may she run. steve in connecticut. >> caller: how are you? >> not bad, how are you? >> caller: metro pcs eight months, their first quarter awful, stocks 5.50. second quarter better than expe expected, rose 40%. even with the investment right now. what should i do? >> i think that this stock -- unlike sprint, a really good quarter but may not be lasting. here is what i want you to do on monday, i

you've got deutsche turning what they're calling state's evidence in a plea for leniency. who knows where else it's going to go. i think if i had been advising barclays, i would have been torn about telling them to come out early, and hopefully, get it over with, versus coming out early and creating a bigger problem for themselves. >> i mean, they may have gotten some leniency with regard to the fine. >> yes. >> it's something like a 30% perhaps discount. >> right. >> but it's clear, and there's a great sort of tale of this in the "wall street journal" today that they thought that would save them from getting rid of their top executives. clearly not the case. >> no, they're all gone. and reputationally, this one's going to run and run and run. >> and in the u.s., do you think? >> oh, yes, because there's justice department investigations, there's attorneys general in new york and connecticut on it now. it's big. >> where does that also leave -- what did we allude to, the geithner e-mails suggesting there had been discussions with the bank of england, the british bankers as

chairman of the deutsch incorporated donny deutsch. there's where all my respect goes. my overflow with it, right, donny? >> hi. >> you as respect. >> yeah. >> former governor of vermont and former chairman of the democratic national committee, howard dean. >> hello, howard. >> hello, mika. >> jonathan, editor writing for "the washington post" and msnbc contributor and fill-in on "way too early" and boy, do you bring your own special touch. >> mika -- >> yes, joe. >> i hate to interrupt. this is early this morning, this is your show. >> right. >> i have to say, i leave town and everything goes bad. look at jonathan capehart this morning. i'm sorry, jonathan, i know that sometimes you got to mix things up. but the powder blue and the green handkerchief. >> what? >> explain that to me. i just don't get it. >> what were you thinking? >> blue and green. i mean -- >> i love it. by the way, what a pleasure having jonathan here. i'm not the butt of the fashion focus. >> great. >> so i happen to like it a lot. >> 6:03 i wouldn't spike that ball yet. >> you're not used to seeing

deutsche banc upgrading allegiant. >> it's time to analyze this with ed ponsi.e quote from the note. we expect valuation to remain depressed until top line no m momentum meaningfully improves. shares of both down last three months. i love both of the stores, do awe gree with the call? >> i do although the timing could have been better. the competition is fierce and amazon getting in the business. i do agree. just a little bit late. >> down 34% for office depot and nearly 20% for staples. moving on. ubs downgrading duke energy. this is in the news. to neutral. noting negotiations in north carolina and execution risk. i don't know whose they're talking about. maybe one of the ceos. three key pgn executives have since resigned. duke is expected to have major proceedings pending. duke taking a hit over the past week, down about 4%. what do you say? >> look. there's a lot of drama at duke right now but a lot of drama at walmart and look how that turned out. this is going to blow over. i would buy the stock here and disagree with the call. down hard and now the countr

investigations are under way into suspected interest-rate manipulation by the banks, including germany's deutsche bank -- are around the world, investigations are under way. >> it is a major breakthrough in science. physicists have announced they had discovered a new particle which could lead to a new understanding of how the universe began. >> the director of geneva's european center for nuclear research said the discovery is a milestone. physicists say it is consistent with the long-sought [inaudible] >> the theory is that the particle came into existence within fractions of a second after the big bang and is believed to be responsible for giving other particles their mass. until now, this key component in understanding how these subatomic world -- the subatomic world came into being has been a mystery. by accelerating subatomic particles to the speed of light and colliding them, they simulate conditions that are believed to have existed in the big bang. after analyzing the data, they announced their spectacular find. >> i believe we have achieved a major discovery here. we found a particle, pr

was not good after the ifo institute reported its business climate index, and after companies like deutsche bank and the hamburg port reported dismal earnings for the second quarter. >> let's look at the stock exchanges around europe. the dax in positive territory today, only up by 0.25%. over to new york where things were also looking a little rosier -- 12,714 points. the euro trading up -- $1.2159. >> the big question being asked these days -- can face ever be completely restored in the global banking system after the libor banking scandal that saw the world bank's colluding to fix borrowing rates -- can faith ever be restored? >> barclays bank was fine after admitting to attending to manipulate rates, but four top executives, there has been no legal consequence. >> with the fallout from the libor scandal still claiming bank executives, the lawmakers are taking steps to restore market confidence. barclays admits it colluded with other european banks to manipulate interest rates on interbank loans. the eu commission is drafting legislation, forcing member nations to enact heavy fines and i

>> deutsche bank downgrades jpmorgan. my charitable trust owns this.hey're talking about regulatory issues. this company could be involved with libor. >> i want people to start thinking about this libor scandal in a broad context of the liability from these strike suits, name will from all the class action suits. we saw one, berkshire bank today -- >> yeah, but -- >> think about this. it's out there as liability. the credit rating agencies are still powerful, still all over these guys. i don't know what it's going to cost you eventually. >> another round of downgrades because of lightbulber? >> we're not going to let you buy back any stock or increase your dividend. we have a $10 billion potential liability. it's just -- >> this is the next subprime. not coming up with any cloture in this thing? >> not anytime soon. >> going to be more downgrades. >> all right. you did that all in a minute. we have to go to break. a lot more coming up here on "squawk on the street." can we keep the big rally going? [ male announcer ] while many automakers are just begi

deutsche bank down 3%.ho might have had any sort of tangential possibility of being involved, trading lower. >> the tension that's going to exist between the revenues, the capital requirements and the compensation pay, so far the banks have been able to sustain 40%, 50% comp ratios. right now, with layoffs coming, those numbers probably have to come down. that's going to be the great tension. do they sacrifice compensation for shareholder returns? >> so much worry about jpmorgan yesterday, whether it was -- whether you believe their part of the libor club, whether you believe this trading loss is going to be $9 billion. talking about not wanting to step in front of the train. >> that's down 20% from when we first saw the whale surface above the water, as it were. >> it is down by 1.5% today. be interesting to hear jamie dimon speak about the downwinding of the loss. that will be top of mind for many analysts on the bank conference calls. >>> we should check on shares of caterpillar here. caterpillar getting

moments ago deutsche bank cutting second quarter fwrks dp growth forecast by a whopping 1%.gna is deutsche bank's chief u.s. economist and cnbc tribute to contributor. one point. that's a big move. why? >> i think, scott, what we've seen in the last few weeks is numbers turn out weaker than what we thought. and today's trade numbers, i think, kind of pretty much crystallize the fact that exports aren't going to be strong enough to really help us this quarter as we thought was the case earlier on. and we just bit the bullet and made the full point cut. to tell you the truth, i wouldn't be surprised after revision if we're actually lower than that post the q-2 results at the end of this month. >> you think inevitably we go into recession again? >> no, i don't. i still actually am somewhat constructive on the outlook. the pieces we've been writing recently have reflected or rather have tried to make the point that the household sector, despite this very weak and uneven growth, the household sector below all this is actually improving quite a bit. we've seen continued declines i

shares of deutsche bank, which is also under investigation is, were never the less up -- which are also under investigation. german car makers still have a good reputation o the u.s. markets. vw was able to increase sales by more than 30%. >> i have a closer look at those market numbers for you now. the dax was higher on tuesday. holding onto its gains from the past recessions, investors are speculating that the ecb could cut interest rates at its policy meeting on thursday. you can see the dax up there by about 1.25%. that optimism carried over to new york. let's bring in the dow jones industrial average for you. it is currently higher by about 0.5%. as for the european dance the dollar, 24 $1.2608. >> a court in brazil has of held a major compensation claim against the german chemicals giant and oil giant shell. it has ordered the two companies to pay for -- pay more than 280 million euros. hundreds of people have suffered problems after working there. the site was contaminated before they bought it according to the company and it is pushing for shell to accept full responsibility and

wi on set mike halperin, chairman of deutsche and company and alex wagner. and in washington, jonathan. good morning, everyone. here's our clip from speaker boehner. at the end of last week, after the decision was announced, i mean the nation seemed torn between two sides. couldn't figure out where they were going, okay. so the question this morning is, based on that decision that was announced, it's in all the papers, what happened with tom cruise and katie holmes? >> exactly. >> what do you think? >> contract was up. five years, merely around to the date. >> you really think it was a contractual deal. >> oh, yeah. i know my e-mail will be hacked. >> i was crushed. i wasç crushed. i was surprised. >> a lot of us were. >> in my mind, in my mind i have that memory, that fleeting memory of love as we saw it on the couch. do we have that clip? look it. how could this end? he loved her. >> i'll reveal a little thing. you and i wept together over the weekend. >> what did you say to me? >> mike, it's not your life. it doesn't mean your marriage is not working. do

on the other hand, a growing number of germans say they would like to see the deutsche mark come back. >> do you think it is going to be a decider in next year's elections? >> it is definitely going to be a key issue. it has been at the top of the political agenda for a couple of years. chancellor merkel has looked good in her crisis management, but as the crisis drags on, that begins to look a bit thin. germans are worried about the future, and i think that will definitely be reflected in how this issue is treated in the campaign next year. >> thank you, simon. >> on to the markets, european shares rose for the first time in a week on tuesday after eurozone finance ministers agreed to give spain more time to get its budget in order and provide up to 100 billion euros in aid for spain's debt-strapped banks. also, better than expected manufacturing data out of italy and the u.k. helped lift sentiment on tuesday. let's look at the numbers kicking off in frankfurt where the dax finished up by nearly a full percent -- let's call it 0.8%. across the atlantic on wall street, the dow trading