tough time to take over for new rbs ceo ross mcewan.s down near the bottom of the ftse despite swinging to a 1.4 billion pretax profit in the first half. silvio berlusconi's media set trades lower. the former prime minister is no influence on the company. >> we have a normal company. we are a listed company. we have normal shower holders. the relationship is a normal relationship between the company and the shareholders. >> plus the world's biggest automaker raises its four year profit outlook after posting record earnings in the first quarter thanks to strong u.s. sales and weaker yen. >>> just waiting for the latest construction data. pmi hits its highest level in over three years this morning. follows another bit of good data. construction jumping sharply led by surge in residential building. the market construction pmi 57 last month, up 57 last month, up from 51 in june. strongest level since june 2010. let's get a breakdown, duncan brock director of sips. doug, nice to see you. really strong number. what is the sustainability of it

couple of stocks in focus, rbs, 3.8% lower today, the majority state-owned bank confirming ross mcewan is going to replace the outgoing ceo steve hester effective october 1st. the announcement comes as the bank went back into the black for the first time, posting a pretax profit of 1.4 billion pounds compared to 1.7 billion last year. first time in a long while they have been making profits here. but numbers are still weaker than expected. toyota doing pretty well, up 3.3%. the weaker yen helping the japanese carmaker, biggest automaker raising profit forecasts as well. now expecting to post $20 billion in operating profit for the full year. two standout corporates. we'll keep our eyes on the debt market as well. saw the spike higher in treasury yields and dragging yields higher over here in europe. 2.3%, now yielding 2.47. treasury yields at 2.73. bound yields up at 1.7. the only one outperforming is italian yields, a little lower today. 4.36%. whatever happens in treasuries is going to have an impact around the globe. that's where we stand right now. back to you. >> ross, thank you.