we have this story from the frankfurt stock exchange.but the news from portugal had a very disturbing effect. not only on portuguese government bonds were rising. also, spain, italy, and greece have to offer higher returns if they want to get investor confidence and money. in frankfurt, stocks were mostly going lower. economic data from china also playing a role here. the services sector in china is not growing so strongly anymore. last but not least, the real estate firm called off their ipo . no wonder that traders in frankfurt were not in a very good mood this wednesday. click says we just heard there from conrad, european market slumping today. the dax ended 1.03% lower and the euro stoxx 50 down 1.25%. the dow is currently trading 0.38% of. >> we have a sports item for you in order sports -- motorsports. they have decided not to boycott the german grand prix. there was -- they are satisfied to parolees response over the new tires. >> they will provide new tires after six blowouts are in the british grad prix last weekend. lewis hami

we have this story from the frankfurt stock exchange.but the news from portugal had a very disturbing effect. not only on portuguese government bonds were rising. also, spain, italy, and greece have to offer higher returns if they want to get investor confidence and money. in frankfurt, stocks were mostly going lower. economic data from china also playing a role here. t owing so sgly e. firm called off their ipo . no wonder that traders in frankfurt were not in a very good mood this wednesday. click says we just heard there from conrad, european market umping today. the dax ended 1.03% lower and the euro stoxx 50 down 1.25%. the dow is currently trading 0.38% of. >> we have a sports item for you in order sports -- motorsports. they have decided not to boycott rman gnd prix. there was -- they are satisfied to parolees response over the new tires. >> they willrovide new tires after six blowouts are in the british grad prix last weekend. lewis hamilton was among the drivers affected. the tire failure sparking concerns about the safety of dr

in frankfurt, the dax was down. over in the u.s., shares are also slightly down. the euro is currently trading at $1.297 seven. >> before we go, berlin's spring summer fashion week kicked off, and whatever they lack in big labels more than makes up in showcasing some hot talent and fashion design. >> hundreds of thousands of visitors are expected to flock to the show. fashion parties often go deep into the night. >> stay with us. we'll be back at the top of the hour with the latest from egypt here on dw. >> see you later. captioned by the national captioning institute --www.ncicap.org-- >> echoes of the cold war. there is growing anger in europe over allegations of bugging the eu officers by the united states and washington is being forced to provide answers. why with the u.s. by on its closest partners? can the damage be repaired? this is "inside story." >> hello, and welcome to "inside story." i'm stephen cole. it reads like

in frankfurt, the dax was down. over in the u.s., shares are also slightly down. the euro is currently trading at $1.297 seven. >> before we go, berlin's spring summer fashion week kicked off, and whatever they lack in big labels more than makes up in showcasing some hot talent and fashion design. >> hundreds of thousands of visitors are expected to flock to the show. fashion parties often go deep into the night. >> stay with us. we'll be back at the top of the hour with the latest from egypt here on dw. >> see you later. captioned by the national captioning institute --www.ncicap.org--

on the stock market in frankfurt, stop rices moved upwards anyway. investors were happy that their business model remains intact. their investment strategy, which until recently had pushed the dax on to record highs. this investment strategy is mainly based on cheap money by the reserve banks. shares of comics bancfirst lost nearly five percent this thursday just to jump seven percent to the upside -- shares of commerzbank. >> let's take a closer look at the figures. today, markets surge. and frankfurt, the dax was up over two percent -- numeral two percent. the euro is currently trading at $1.2918. >> german engineering is one of the main stays of the country's economy, but this year, the industry has got off to an unexpectedly slow start, which has forced the engineering federation to sharply lower its forecast. it is the first predicted drop in output since 2009. >> instead of the previously forecast increase of two percent, the industry is now expecting a one percent drop in machinery output. many german companies have been holding back on invest

in frankfurt, the dax was down. over in the u.s., shares are also slightly down. the euro is currently trading at $1.297 seven. >> before we go, berlin's spring summer fashion week kicked off, and whatever they lack in big labels more than makes up in showcasing some hot talent and fashion design. >> hundreds of thousands of visitors are expected to flock to the show. fashion parties often go deep into the night. >> stay with us. we'll be back at the top of the hour with the latest from egypt here on dw. >> see you later. captioned by the national captioning institute --www.ncicap.org-- >>> hello and welcome to "newsline." it's wednesday july 3rd. i'm catherine kobayashi in tokyo. the president of egypt is standing his ground. even as he continues to shake beneath his feet. mohamed morsi delivered a televised speech refusing to step down and vowing to protect his democratically elected his opponents have been . gathering in the hundreds of thousands, demanding the islamist leaders resignation. morsi rejected the ultimatum from the military to resolve differences b

the dax index in frankfurt was down by .2%, ending at 8314. euro stoxx 50 down ever so slightly to 2722. in new york, the dow jones industrial average -- trading still going on there. 15,594, about point three percent up, and the euro is also up against the u.s. dollar, trading at $1.3227. spain's economy shrank again in the second quarter, but the early signs of recovery could soon be making an appearance. gdp fell by .1% between april and june. >> that was less than in the previous three months, due to strong exports. the spanish central bank says it expects a return to growth by the end of this year. spain has been in recession since 2011. >> seven people have been injured after an airplane's landing gear collapsed while landing in new york. >> it came to a halt in the grass at laguardia airport and six people were hurt and taken to hospital with minor injuries. the course of the landing gear -- because of the landing gear failure -- the cause of the landing gear failure is not yet known. >> spanish soccer giants barcelona have confirmed th

on the stock market in frankfurt, stop rices moved upwards anyway. investors were happy that their business model remains intact. their investment strategy, which until recently had pushed the dax on to record highs. this investment strategy is mainly based on cheap money by the reserve banks. shares of comics bancfirst lost nearly five percent this thursday just to jump seven percent to the upside -- shares of commerzbank. >> let's take a closer look at the figures. today, markets surge. and frankfurt, the dax was up over two percent -- numeral two percent. the euro is currently trading at $1.2918. >> german engineering is one of the main stays of the country's economy, but this year, the industry has got off to an unexpectedly slow start, which has forced the engineering federation to sharply lower its forecast. it is the first predicted drop in output since 2009. >> instead of the previously forecast increase of two percent, the industry is now expecting a one percent drop in machinery output. many german companies have been holding back on invest

the dax index in frankfurt was down by .2%, ending at 8314. euro stoxx 50 down ever so slightly to 2722. in new york, the dow jones industrial average -- trading still going on there. 15,594, about point three percent up, and the euro is also up against the u.s. dollar, trading at $1.3227. spain's economy shrank again in the second quarter, but the early signs of recovery could soon be making an appearance. gdp fell by .1% between april and june. >> that was less than in the previous three months, due to strong exports. the spanish central bank says it expects a return to growth by the end of this year. spain has been in recession since 2011. >> seven people have been injured after an airplane's landing gear collapsed while landing in new york. >> it came to a halt in the grass at laguardia airport and six people were hurt and taken to hospital with minor injuries. the course of the landing gear -- because of the landing gear failure -- the cause of the landing gear failure is not yet known. >> spanish soccer giants barcelona have confirmed th

up over 7% in frankfurt. and a reminder, mr.be on "squawk box" today for an exclusive interview, starting at 9:00 eastern. don't miss out on that. >>> also, amazon reported a surprise second quarter loss. its second in less than a year. higher costs overshadowing revenue growth. the online retailer continues to spend on new technology, distribution centers and content for the kindle. amazon has been grappling with a weaker international business. north american sales are up 30%, but international didn't report a profit and sales were up just 13%. the firm is projecting third quarter results below forecasts. the stock is down 3% after hours, down nearly 2 in frankfurt. at the same time, amazon is facing tax obstacles with international business, especially here in britain. along with starbucks and google, the e-commerce giant caused outrage when it was revealed how little tax the firm paid in britain, despite making billions in sales. the recent g-20 meeting, country leaders vowed to take decisive action on corporate tax receipts

was a big talking point at the stock market in frankfurt today. our correspondent has more. >> the numbers show the outlook has been a big disappointment. traders are mostly worried about the weaker business in china. this could be a negative signal. this was first weighing on the german market a positive economic data from the u.s. improve the mood, pushing the dax forward. there have been signs of improvement in the u.s. job market, and at the same time, the fed chairman reassure the markets that the central bank will only wind down their massive stimulus with care. >> let's look at the numbers for you in a little more detail. starting off in frankfurt where the dax gained around one percent to close at 8337. across the atlantic, the dow is still trading, of course. those comments from ben bernanke also fueling gains. the euro trading right now just a shade over the $one point 31 mark. >> onto cycling now. the first frenchman to win a stage in this year's. >> britain's writer struggled but still managed to boost his overall lead. >> time now for

was a big talking point at the stock market in frankfurt today. our correspondent has more. >> the numbers show the outlook has been a big disappointment. traders are mostly worried about the weaker business in china. this could be a negative signal. this was first weighing on the german market a positive economic data from the u.s. improve the mood, pushing the dax forward. there have been signs of improvement in the u.s. job market, and at the same time, the fed chairman reassure the markets that the central bank will only wind down their massive stimulus with care. >> let's look at the numbers for you in a little more detail. starting off in frankfurt where the dax gained around one percent to close at 8337. across the atlantic, the dow is still trading, of course. those comments from ben bernanke also fueling gains. the euro trading right now just a shade over the $one point 31 mark. >> onto cycling now. the first frenchman to win a stage in this year's. >> britain's writer struggled but still managed to boost his overall lead. >> time now for

might mean that we will see another downgrade in the next three months. >> and that's for us in frankfurt where we are staying for a look at the dax. barely up and the euro stoxx 50 finishing slightly lower. across the atlantic, a look at the markets. >> looks like the end of a long tradition in britain. london says it's postal service, the royal mail, will be privatized. the institution has been in public hands since it was established half a millennia ago. >> they hope selling a majority stake will help them continue with the shift to parcel delivery as the demand for traditional letter delivery continues to decrease. 10% of the shares will be given to postal workers. the company could be valued at up to 3.5 billion euros. >> a u.s. court is, in a manner of speaking, throwing the book at electronics giant apple. the maker of the ipad has been found guilty of conspiring sing -- conspiring to illegally inflate the price of e-books on the american market. there is compelling evidence for that conspiracy according to the court that apple worked with major publishers to fix the price and eli

in frankfurt, the dax was down two point 36%. euro stoxx's almost an event, losing almost two percent. -- euro stoxx also in the red, losing almost 2%. the europe pn union and china -- the european union and china may be reaching a resolution to the conflict. >> europe's solar industry has been grappling with fierce competition from asia. hamburg company announced friday that it is filing for bankruptcy. >> this german solar company has become the latest casualty in a global solar price war. they blame delayed payments from a large project. but like many solar companies in germany, they could not compete with cheap imports from asia. after it filed for insolvency last year, the german solar panel maker q-cells was acquired by a korean conglomerate. other companies have suspended their solar divisions, and germay's largest roller company relies on its largest creditor to stay afloat. the european union accuses china of selling solar panels in europe the low costs. brussels introduced duties on chinese imports last month. those fee

the dax index in frankfurt was down by almost a whole percent, finishing at 8298. euro stoxx 50 also down by a little less than .5%. across the atlantic in new york, the dow jones trading slightly downward. 15,537. at the moment, the euro is trading up against the dollar -- $1.3 272. >> positive news for the spanish economy. figures show that growth is shrinking more slowly than it was last year, that unemployment is slightly down, too. it is the first time in two years that joblessness has fallen in the crisis-hit country. there were 250 thousand fewer people without a job in spain during the last quarter. the news is largely because of seasonal employment in the tourism sector. >> general motors is hoping to get its european investments back in the black. thanks to aggressive cost- cutting, it has almost done that. european subsidiary opel ended with a major improvement over its 300 million loss last quarter. overall, gm ended the quarter down slightly compared to 2012. well, it is a 900 million euro deal and one of the biggest in germany's media industry in year

in frankfurt, the dax was down two point 36%. euro stoxx's almost an event, losing almost two percent. -- euro stoxx also in the red, losing almost 2%. the europe pn union and china -- the european union and china may be reaching a resolution to the conflict. >> europe's solar industry has been grappling with fierce competition from asia. hamburg company announced friday that it is filing for bankruptcy. >> this german solar company has become the latest casualty in a global solar price war. they blame delayed payments from a large project. but like many solar companies in germany, they could not compete with cheap imports from asia. after it filed for insolvency last year, the german solar panel maker q-cells was acquired by a korean conglomerate. other companies have suspended their solar divisions, and germay's largest roller company relies on its largest creditor to stay afloat. the european union accuses china of selling solar panels in europe the low costs. brussels introduced duties on chinese imports last month. those fee

the dax index in frankfurt was down by .65%. euro stoxx 50 slightly up, 2741 it's close. in new york, the dow jones industrial average trading at 0.15% down. the euro down a bit against the dollar, $1.3275. >> incorporate electronic news, samsung has posted another record profit in the second quarter thanks to robust shipments of its flagship galaxy smartphone range. the south korean firm warns that delayed economic recovery in europe and fierce competition and the phones market could slow growth. margins are shrinking. handsets are becoming cheaper, and overall demand for high-end smartphones is set to flag. still to come here on the "journal," why no one in moscow wants to get on a bike and what the city is trying to do to change that. >> first, we are going to take a look at some other stories making news around the world. a court in russia has denied parole to a member of the punk band pussy riot. she was told she must serve her full two-year sentence handed down over a church protest against president putin. the 23-year-old said she would not repent and would continu

might mean that we will see another downgrade in the next three months. >> and that's for us in frankfurt where we are staying for a look at the dax. barely up and the euro stoxx 50 finishing slightly lower. across the atlantic, a look at the markets. >> looks like the end of a long tradition in britain. london says it's postal service, the royal mail, will be privatized. the institution has been in public hands since it was established half a millennia ago. >> they hope selling a majority stake will help them continue with the shift to parcel delivery as the demand for traditional letter delivery continues to decrease. 10% of the shares will be given to postal workers. the company could be valued at up to 3.5 billion euros. >> a u.s. court is, in a manner of speaking, throwing the book at electronics giant apple. the maker of the ipad has been found guilty of conspiring sing -- conspiring to illegally inflate the price of e-books on the american market. there is compelling evidence for that conspiracy according to the court that apple worked with major publishers to fix the price and eli

the dax index in frankfurt was down by almost a whole percent, finishing at 8298. euro stoxx 50 also down by a little less than .5%. across the atlantic in new york, the dow jones trading slightly downward. 15,537. at the moment, the euro is trading up against the dollar -- $1.3 272. >> positive news for the spanish economy. figures show that growth is shrinking more slowly than it was last year, that unemployment is slightly down, too. it is the first time in two years that joblessness has fallen in the crisis-hit country. there were 250 thousand fewer people without a job in spain during the last quarter. the news is largely because of seasonal employment in the tourism sector. >> general motors is hoping to get its european investments back in the black. thanks to aggressive cost- cutting, it has almost done that. european subsidiary opel ended with a major improvement over its 300 million loss last quarter. overall, gm ended the quarter down slightly compared to 2012. well, it is a 900 million euro deal and one of the biggest in germany's media industry in year

the dax index in frankfurt was down by .65%. euro stoxx 50 slightly up, 2741 it's close. in new york, the dow jones industrial average trading at 0.15% down. the euro down a bit against the dollar, $1.3275. >> incorporate electronic news, samsung has posted another record profit in the second quarter thanks to robust shipments of its flagship galaxy smartphone range. the south korean firm warns that delayed economic recovery in europe and fierce competition and the phones market could slow growth. margins are shrinking. handsets are becoming cheaper, and overall demand for high-end smartphones is set to flag. still to come here on the "journal," why no one in moscow wants to get on a bike and what the city is trying to do to change that. >> first, we are going to take a look at some other stories making news around the world. a court in russia has denied parole to a member of the punk band pussy riot. she was told she must serve her full two-year sentence handed down over a church protest against president putin. the 23-year-old said she would not repent and would continu

you pop over to frankfurt, pop over to germany on this trip? >> no.a and back in chicago. i won't be. and we did a lot of transactions going back to '07. and then again in '08 with the new york mercantile exchange, the most diverse asset classes of any other institution and paid huge dividends. we put the pieces of the puzzle back in place and now we're seeing the dividends more and the fed move on whether it is on rates, starting to get energy prices again yield at wti and present spreads come closer together. >> that's amazing move, now nearly everybody last year was saying it is going to widen because of shale and here we are with spreads for five or six years. >> articles written all over the world saying tli is the benchmark. that's absolutely true. the risk management vehicle for crude oil products. >> you would have to say that though, right? you don't have any choice. the interesting thing is, actually, as we get more volatility in energy markets and see what is going on in the middle east, i'm presuming actually that causes more contracts to

back to anita in frankfurt. are most people thinking about a grand coalition?: well, that's actually true. the germans really would prefer a grand coalition but the problem is that the social democrat candidate doesn't want to have a grand coalition. it's probably not up to him. looking at the recent polls, though, it might suggest angela merkel's party even might make it in her known coalition with the liberals because the liberals for the first time in a year reached the 5% threshold which is the prerequisite of getting into parliament and that would be a sign that the ruling coalition might still be re-elected but there is still a lot of insecurities. i mean, one of the very strong opponents is the green party, of course. they have that traditional part, the social democrats, which is a bit weak nowadays. and the strategy of the greens is to distance themselves a bit from it. yesterday evening there was a big interview with the public broadcaster in berlin the party leader of the greens and their chief and just let's take a list listen to what the main aim -

we go our markets correspondent in frankfurt. >> if europe's leading purchase measures are right, then it is very possible that the recession may be over in the euro area pretty soon. the purchase manager index rose sharply, and this shows that the companies are willing to do some investments again, and investments do only make sense if they are followed by growth, so the dax reacted very positively to this purchase manager index. investors seemed to share the optimism of the managers. also, the dax has been driven by results coming from german companies. >> to the market numbers now, the dax index and frankfurt in positive territory all day. 8370 nine, the finish. euro stoxx 50 over 1% up. in new york, the dow jones is a bit over .3% down. the euro also down against the dollar, $1.3195. >> german sportswear maker pauma has recorded a steep decline. -- puma has recorded a steep decline. >> europe's second-largest sporting goods maker after adidas has closed stores and cut product ranges to combat the drop in footwear sales. most notably in southern europe and asia. shoe sales make up a

we go our markets correspondent in frankfurt. >> if europe's leading purchase measures are right, then it is very possible that the recession may be over in the euro area pretty soon. the purchase manager index rose sharply, and this shows that the companies are willing to do some investments again, and investments do only make sense if they are followed by growth, so the dax reacted very positively to this purchase manager index. investors seemed to share the optimism of the managers. also, the dax has been driven by results coming from german companies. >> to the market numbers now, the dax index and frankfurt in positive territory all day. 8370 nine, the finish. euro stoxx 50 over 1% up. in new york, the dow jones is a bit over .3% down. the euro also down against the dollar, $1.3195. >> german sportswear maker pauma has recorded a steep decline. -- puma has recorded a steep decline. >> europe's second-largest sporting goods maker after adidas has closed stores and cut product ranges to combat the drop in footwear sales. most notably in southern europe and asia. shoe sales make up a

just be aware that merkel is speaking out of frankfurt. you see the live pictures coming through right now. >>> joining us, though, on japan, if we head back and continue our discussion on japan, is nicholas smith, the director and strategist from the clsa group. good to see you. a lot of analysis out there, a lot of people, they would argue the dpj lost the election last time around, the last election. and as opposed to having the actual ldp party winning, do you think this time when looking at what prime minister abe is up against that people are warming to abe's party on its own merits? >> absolutely, yeah. i mean on the day before the lower house elections in december, the support for the ldp was 24%. now it is 48%. so certainly the support numbers are showing a lot of support. you look at the support for the prime minister himself, and you can see that he's got 16 points higher support than koizumi did, and he's always talked the great hope for japan. so, no, i think the support is very, very strong indeed. people are impressed with w

us airways is up .1% in frankfurt.wn version of the massive farm bill that doesn't include spending for the food stamps program. the narrow vote gives republicans a victory after a decisive defeat on the original bill last month. gop leaders made the decision to drop the politically sensitive food stamp portion of the measure earlier this week. the plan ran into opposition from democrats, farm and conservative groups. >>> and still to come, edward snowden struck again. reports say documents from the fugitive u.s. contractor show microsoft may have been working hand and hand with the national security agency and the fbi. the latest details still to come. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show

frankfurt was unavailable, because he was on vacation. so is this dip a buying opportunity?r is it a signal that something bigger is wrong at coach? let's talk numbers on coh today, on the technical side, rich, and on the fundamentals side, mark of the oxford club. good to see you both. thank you for joining us. mark, start with the fundamentals. i mean, even ladies' handbags, their bread and butter, saw a dip in sales. >> yeah, it's not been a good quarter for coach. usually coach sells stylish merchandise. but the stock reminds me of a pair of sensible shoes. not a lot to excited about here. you had same-store sales growth negative in the quarter. flat for the year. and they expect it to be flat going forward for the next year. they lowered guidance significantly for the fiscal year. you have a management team in turmoil with two executives quitting. so other than a cheap p/e ratio and cheap for a reason, so other than that, there's not a lot to be excited about here. you sell it. let somebody else take on the risk for waiting for this thing to turn around. >> rich, i was

there is a day care center in frankfurt. >> our capacity here is completely exhausted. the coats rooms, and more children. >> it is hard to keep disappointed parents that want to have their children taken care of here. parents should use their new rights in this to -- and sue. that is the only way to wake authorities up. >> current legislation is a definite improvement on what we have before. i also believe that ultimately, all parents will get a day care spot. but with less space of one or two years. >> they have hired a nanny, a lot more expensive than public daycare have a plan to sue the government for the difference. >> germany's opposition, democrats racing to turn their campaign around. >> the efforts to unseat german chancellor merkel, the party is pledging to fight for a legal minimum rage, -- wage and low rent. >> they are not the only one struggling to assert dominance. >> she still holds the best hand. the left party could still pull out an ace and the free democrats. opinion pollsters announce new shift in the balance of power. >> the closer we get to the e

there is a day care center in frankfurt. >> our capacity here is completely exhausted. the coats rooms, and more children. >> it is hard to keep disappointed parents that want to have their children taken care of here. parents should use their new rights in this to -- and sue. that is the only way to wake authorities up. >> current legislation is a definite improvement on what we have before. i also believe that ultimately, all parents will get a day care spot. but with less space of one or two years. >> they have hired a nanny, a lot more expensive than public daycare have a plan to sue the government for the difference. >> germany's opposition, democrats racing to turn their campaign around. >> the efforts to unseat german chancellor merkel, the party is pledging to fight for a legal minimum rage, -- wage and low rent. >> they are not the only one struggling to assert dominance. >> she still holds the best hand. the left party could still pull out an ace and the free democrats. opinion pollsters announce new shift in the balance of power. >> the closer we get to the e

back to you for the time being, karen. >> thank you, jeff and annette, on the ground in frankfurt.andal, antony jenkins speaks to cnbc about the future of banking. we'll bring you that exclusive interview coming up next. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? >>> these are your headlines today. egypt swears in a new interim president as world leaders call for swift elections. >>> portugal markets rebound amid cybsigns of hope of a compromise. >>> mark carney delivers his first rate announcement. >>> we have got fresh n

rolf buch is the ceo of deutsche annington and joins us from frankfurt and first on cnbc.ou for joining us. congratulations on the float. you finally got it away. it has been something of a rocky road, hasn't it? >> yeah. hello. yes, it has been. but in the end, i am with our former chancellor who once said it is most important what is the outcome in the end. and the outcome is great. we are now listed. >> yeah. so what happens now? >> so actually now we have the possibility of really to execute our strategy, which is using our market leadership and really getting better every day, a little bit, and then we have a big investment program of 800 million in the next five years, where we invest actually in two megatrends, first megatrend is energetic modernization, where we help our -- to reduce energy bill. and the second is very important topic in the german market, we are preparing our apartments for elderly people that they can stay in the apartment a little bit longer and the third part of our strategy, we're realizing a new financing strategy, we are the company, the onl

. >> that was our frankfurt stock exchange correspondent.ell us how is the birthday boy, the dax doing today? >> quitely today. the dax has climbed above 8,000 points. what are pushing here are shares of siemens because they announced they want to sell their joint share of the ventue to nokia for 1.7 billion euros. a deal favorable to both sides because shares of nokia are also rising. the biothrth tech firm amgen wants to buy. that is pushing the share price up more than 50% at this moment. this is what the market is heading for at the moment. the dax up .7. in new york the dow jones up more than 1% and the euro is being traded at a bit more than $1.30. >> thank you very much. lithuania has taken over the presidency of the european union. >> the first time a former member of the soviet union has run the affair. a new era is beginning for croatia as people wake up for the first times as citizens of the e.u. but it was temper bide fears about the debt crisis and its own economic problems. >> customs control are a thing of the past now. the tw

in frankfurt, just a little softer, down .1%.n has more than just the buyout battle with dell on his mind. the billionaire investor is about to take the social media world by storm. cnbc contributor and fast money trader karen finman says icahn will unveil his next big investment idea by twitter. the timing is unclear, but icahn says it will be presented like a treasure hunt with clues given first. icahn joined twitter a month ago. his handle is @carl underscore c underscore icahn. if you want to go, follow him on twitter, that's where you can find him. >>> what will gsk ceo prescribe as the remedy for the shameful scandal in china as he prepares for today's call with investors? we discuss china's crackdown on bribery. that's coming up next. >>> these are your headlines today. arm shares soar as the chip designer beats again the second quarter results. the group's new ceo tells cnbc he's focused on developing their product pipeline. that's after apple's third quarter profits dropped shortly. iphone sales topped forecasts. >>> u.s

. >> that was our frankfurt stock exchange correspondent.ell us how is the birthday boy, the dax doing today? >> quitely today. the dax has climbed above 8,000 points. what are pushing here are shares of siemens because they announced they want to sell their joint share of the ventue to nokia for 1.7 billion euros. a deal favorable to both sides because shares of nokia are also rising. the biothrth tech firm amgen wants to buy. that is pushing the share price up more than 50% at this moment. this is what the market is heading for at the moment. the dax up .7. in new york the dow jones up more than 1% and the euro is being traded at a bit more than $1.30. >> thank you very much. lithuania has taken over the presidency of the european union. >> the first time a former member of the soviet union has run the affair. a new era is beginning for croatia as people wake up for the first times as citizens of the e.u. but it was temper bide fears about the debt crisis and its own economic problems. >> customs control are a thing of the past now. the tw

. >> on to friday, and while shares in london and paris struggled at the end of the week, frankfurt wereble to build on their games and finish with a flourish. a reporter sent us this summary from the stock exchange. >> traders and investors are upbeat because ben bernanke spoke to his low interest-rate policy and that is is positive for shares as well here in germany. one chair which was outstanding during the afternoon session was dying there, adding six percent -- was dailmer. adding six percent. that was better than expected. mainly due to the fact the company sold its stake in eads. if you look at the details, it is not going that strong. sales are down compared to the last quarter. and trucks do not go that well. but investors were not interested. the numbers were very good. shares road to a two-year high. >> we can stay for a closer look on the dax. up 8000 212. the euro stoxx 50 giving up ground into the weekend, in new york right now, the dow is down by a quarter of one percent. the euro is weaker against the greenback. >> there is less than a month to go before the new german b

. >> on to friday, and while shares in london and paris struggled at the end of the week, frankfurt wereble to build on their games and finish with a flourish. a reporter sent us this summary from the stock exchange. >> traders and investors are upbeat because ben bernanke spoke to his low interest-rate policy and that is is positive for shares as well here in germany. one chair which was outstanding during the afternoon session was dying there, adding six percent -- was dailmer. adding six percent. that was better than expected. mainly due to the fact the company sold its stake in eads. if you look at the details, it is not going that strong. sales are down compared to the last quarter. and trucks do not go that well. but investors were not interested. the numbers were very good. shares road to a two-year high. >> we can stay for a closer look on the dax. up 8000 212. the euro stoxx 50 giving up ground into the weekend, in new york right now, the dow is down by a quarter of one percent. the euro is weaker against the greenback. >> there is less than a month to go before the new german b

these projections on the frankfurt floor, investors are waiting for the members of the big companies to come, but the outlook will be as bad as feared. it'll be a very difficult year for the german economy. shares unchanged. >> at second quick look at the markets by the numbers. the dax here was down slightly. 8331 was the finish. your stocks up ending at 2725. over the united states, the dow jones is trading up. the euro against the dollar, 130 1.83, up slightly. >> the news everyone is waiting for. the duchess of cambridge has now been in the hospital over 12 hours. they say her labor is progressing normally. >> the wife second in line was admitted to the hospital. outside the press and royal fans are anticipating the baby. >> an entire nation and much of the world waiting not so patiently for the arrival of the air -- heir apparent. thousands are waiting in hopes of gettingition. on re as to whether to be a boy or a girl. bookmakers are having a field day.p>> we are taking 30,000 pos this morning alone. that is incredible. must the guys are betting on the name. alexander is the cu

starting off in frankfurt where the dax closed at 8254. similar picture on the euro stoxx 50. in new york, trading is still under way. the dow jones pretty much flat. the euro trading at $1.3141 at this hour. >> the eu has drawn up draft legislation which limits charges on consumers using credit and debit cards. the bill is due out next week, and financial institutions are lobbying against it. the likes of american express, visa, and mastercard could ace huge losses. >> the measure falls in line with demands from the commission's antitrust regulators who are trying to rein in the sector. >> if a log gets put through, european consumers and retailers could see lower costs as early as next year. here is more. >> whether it is in restaurants, supermarkets, or booking a flight, paying by credit card is easy and convenient. but that convenience comes at a cost -- at least for business owners. credit card issuers can charge hefty fees that are often hard to spot. now, the eu is planning to impose limits. currently, businesses pay between .7% and five percent of the purchase price. t

this piece of news caused a wave of sales on the stock market here in frankfurt. the better the situation on the u.s. labor market, the earlier the federal reserve will and its generous supply of money or generous monetary policy. this means the speculation with cheap reserve bank money and german stocks cannot go on forever. besides this, the recovery of the u.s. labor market also makes clear how sigfica differences are bet ameca an eure in terms of econoc namics. one more reason for inves to seerman stocks this friday. >> let's take a look at the numbers now, and european stocks slumped today. inrankfurt, the dax was down two point 36%. euro stoxx's almost an event, losing almost two percent. -- euro stoxx also in the red, losing almost 2%. the europe pn union and china -- the european union and china may be reaching resolution to the conflict. >> europe's solar industry has been grappling with fierce competition from asia. hamburg company announced friday that it is filing for bankruptcy. >> this german solar company has become the latest casualty in a obal sol

paris back up to 34, frankfurt at 30, berlin, 28 here on sunday. but that's a look at world weather. here's the extended forecast. >>> before we go, white lion cubs have become a star attraction at a zoo in western japan. the five cubs were born last month at the himeji central park. a lioness gave birth to twins. another had triplets four days later. the cubs weigh about three kilograms each. keepers feed them with milk five times a day. they're attracting many children and their camera-wielding parents. >> translator: so cute. >> translator: adorable when they play together. >> the cameras -- or the cubs rather will be on display through the end of next month. >>> that's "newsline" for this hour. i'm gene otani in tokyo. from all of us here at nhk world, thanks for joining us.

. >> joe kaser is, of course, talk of the town and frankfurt where traders have been poring over his first words as ceo. >> siemens' shares were gaining at the end of the day, but one should not misinterpret that as approval for joe kasweer. siemens' shares went up with a lot of others. kaser is seen as old siemens and partly responsible for most of the mistakes that were made. what people do see as a positive is that in his first words as ceo, he above all seemed to address the employees, the staff around the world. he said that he is putting people and margins equally in first place. he wants to calm the atmosphere in the group down. >> let's check out the markets for you in a bit more detail. the dax closing pretty much flat on the day. some gains on the euro stoxx 50, the -- though. across the atlantic, trading still underway in new york. the dow jones, currently .4% higher, and the euro currently above $1.33. >> there are more signs the euro zone economy could be on the road to recovery. figures released today show the first drop in unemployment and over two years, but the fall

starting off in frankfurt where the dax closed at 8254. similar picture on the euro stoxx 50. in new york, trading is still under way. the dow jones pretty much flat. the euro trading at $1.3141 at this hour. >> the eu has drawn up draft legislation which limits charges on consumers using credit and debit cards. the bill is due out next week, and financial institutions are lobbying against it. the likes of american express, visa, and mastercard could ace huge losses. >> the measure falls in line with demands from the commission's antitrust regulators who are trying to rein in the sector. >> if a log gets put through, european consumers and retailers could see lower costs as early as next year. here is more. >> whether it is in restaurants, supermarkets, or booking a flight, paying by credit card is easy and convenient. but that convenience comes at a cost -- at least for business owners. credit card issuers can charge hefty fees that are often hard to spot. now, the eu is planning to impose limits. currently, businesses pay between .7% and five percent of the purchase price. t

our correspondent at the frank works -- at the frankfurt stock exchange said investors pretty much brushed off the disappointing numbers and found other reasons to buy shares. she sent us this summary. >> traders did not look at the poor export data coming out from germany, but more or less concentrated on the very much positive mood amongst equity markets in europe. the biggest topic here was the biggest ipo on the german market. it went public here for the first day. it was not too great for their shares, but really positive for siemens' shares. this was a spinoff. that means no cash went to eith er. shares were given as a present, so to say, to the semen shareholders -- the siemens shareholders. siemens shares were the biggest game today -- winner today. >> the dax is up by more than 2%, the euro stoxx 50 up via about the same amount. the dow is up by 6/10 of 1%. >> it is time now for a special series we will be running all week looking at the various political positions as we get ever closer to germany's elections in september. >> germany has taken the reins when it comes to the eurozo

frankfurt, and onto vienna. >> and what happened? >> we got got here!got. >> directly or -- >> no! we got from berlin to oakland, we got diverted to leads, and -- los angeles, and sat on the tarmac, and we missed our flight again and again, and we rebooked on monday. >> and they gave you this pink form. tell me what happened when you called. >> nothing. i rang the guy, and he's got nothing nowhere. and no advice. >> nothing, no advice. and no help. so basically travelers like this, if they have cellphones that don't work, or foreign cellphones that don't work, this is the advice: i then called this number to check on this this! and they told me to go down to baggage claim and start calling hotel after hotel to look for a spot! this will is what they're giving travelers. what do you think of this >>> it's ridiculous. we're stranded. we don't know no one. what are we suppose d to do? >> okay. this is amanda. she found a hotel with the help of an american cellphone. but it's not just stranded, people who are delayed. people are given vouchers for hotels an

markets in paris, frankfurt, and elsewhere followed suit closing lower. for more on the turmoil in portugal and what it means for the european economy, let's go to new york. we are joined by the founder and ceo of the barrow consulting group. welcome to the show. what about the spillover effect of this? people are concerned about the fragile government there. if they once again go with their hat in hand asking for another handout or restructuring of the deal. how do you thing -- see things shaping up? >> europe has been with us for three years, starting with greece. portugal actually has been almost dormant in this euro mass -- mess. overnight the 10-year bond was about 8%, which is really worrisome. it settled at i believe around 7.4%. as you know, bond players are the ones determining the fate of the country. in terms of the spill effect, i do not see a major one. obviously portugal is a very tiny country. it needs, i would say, $5 billion to $10 billion of additional aid to help us economy. whenever things like that happen, whenever the yield on a 10-y