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Income, so thats very positive. And the shell ceo admits to a disappointing Second Quarter. Investors agree they sent shares lower in london. You have a complex kind of result because we had impairments, we had effects like big Foreign Exchange movements and also we have a situation in nigeria which is giving us some concern. Japans top Consumer Electronics companies on the road to recovery. Sony and sharp both deliver better than expected earnings. Analysts arent sure if thats enough. Warm welcome to the program. We kick off with eurozone manufacturing pmi growing for first time in two years ...

Yet this morning but well see. That can change as you well know. Tenyear note yield, where are we . Yes, we are moving up yet again after yellens testimony yesterday, of course, going on for much of the day. In front of the House Financial Services committee. Europe did well. Europe so far looking pretty good as you can see there, of course, weve got the china trade numbers, bank of england also, by the way, raising its uk growth forecast. China certainly helping on the trade front, those numbers when they came out helped turn europe or continue a rally there. Right. Lets get to our roadmap th...

This is two hours and 15 minutes. Good afternoon. Good afternoon. I dont have a gavel to bring us to order. You all know that means keep the conversations to quiet. All right . We are here for serious business. The dean of the nations lawmakers have seen fit to convene us here today because of the extraordinary exuberance they have this matter of detroit , for its fiscal integrity, conclaves fiscal future, its economic background and the way in which the bankruptcy filing reflects upon and reinforces some very powerful and in some cases dangerous currents that need to be articulated and addres...

And Australian Central Bank cuts. The aussie dollar rises with more to come. All right. Warm welcome to you. Another two hours of Worldwide Exchange to come. We kick off with a little bit of data out of italy. June Industrial Production not rising as much as had been forecast. The june industrial output up. 3 on the month, down 2. 1 on the year. It was seen rising up. 5 on the month, down 3. 2 on the year. And, of course, that will set us up for the gdp a little bit later. We will be in italy ahead of that. Also, as i say, on todays show, well speak to rbs. It wont be enough to topple the alet...

Allstar la allstar lineup of our own. Bob kraft of the patriots. The star Quarterback Tom Brady, Jonathan Tish and Woody Johnson. And the nfls commissioner Roger Goodell and the show will be building all morning to our newsmaker of the day, cbs president and Ceo Les Moonves, very interesting to hear from him, particularly after this news of settling with time warner. It is a pretty big lineup this morning. We have Corporate News this morning to talk about. Bank of america is selling its remaining stake in china construction bank. It did that for 1. 5 billion. B of a ending the 8yearold investm...