► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The FT's John Authers reports from New York that US earnings, outside of energy, have been much stronger than expected - but reliant on widening margins, not recovering margins. Meanwhile, revenues in Europe are falling.<br /><br />► FirstFT : http://bit.ly/1TK237l<br /><br />► Authers’ Note: http://bit.ly/1Liu16x <br /><br />Click here for more Authers Note videos <br />http://video.ft.com/Authers-Note<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
