unibank, santander, and others echoing the same thing the luxury exporters are facing. unicredit up about a percent and a half what are we seeing with deutsche bank the ultimate performance did beat expectations on the downside the profits fell 27% year on year you see deutsche banks down by only 0.6% and porsche down by 1.5% and a we mentioned, sales of lvmh was boosted by china. that offset the weakness in the united states. the group saw revenues rise 15% organically in the first half of the year with net income coming in at nearly 8.5 billion euros i'm pleased to say charlotte joins us with more on this story to talk about lvmh's earnings and also the fact that channel demand is a real pressure point for the business charlotte. >> it's the largest luxury group in the world we've heard from others we see the rebound of china benefiting these companies, but certainly a softer demand when you look at the u.s. that's what we saw there with lvmh q2 sales, up the u.s. was down 1% and the cfo said last night it was the aspirational level that was falling, whether higher pr