Athens appears to be one step closer to securing a bailout deal with its creditors. Well have more on that in just a moment. And the continued rebound in chinese stocks added to the positive tone. The Dow Jones Industrial average rose 211 points to 17,760. The nasdaq gained 75 points and the s p 500 added 25. For the week which saw trading stop at the nyse big gains and losses in china and greece comes face to face with bankruptcy the major averages finished just about where they started. Should investors inspect much more turbulence next week . The outlook from the New York Stock Exchange. Here in the u. S. , the dow strirl industrial has moved high to low every day since tuesday. Thats twice the usual volatility and china, forget about it. The main china etf in the u. S. Moved down 20 earlier in the week then rallyied all the way back representing 300 of the largest stocks on the stock exchanges, like the dow moving down almost 4,000 points in almost two days then rallying all the way back crazy. Its been volatile in europe too, germany swung in the 6 range in the lows on wednesday when it looked like no deal in greece closed on friday in the highs for the month. Now its going to be another busy news week coming up. All the leaders of europe meet on sunday to give thumbs up or down on the latest proposals for a greek bailout. This would be the third one, by the way. The big fight will be over the level of debt relief that might be granted to them and janet yellen giving her semiannual testimony to Congress Beginning on wednesday. Shell be grilled on Interest Rates. Other central bankers will be busy as well. The European Central bank and bank of japan will both be meeting. No one is expecting changes in Interest Rates, but everyone will want to know what mario draghi has to say about a deal with greece. Finally, earning season begins with jpmorgan and bank of america reporting. Get set for another wild week. For nightly Business Report, at the New York Stock Exchange. The big focus this week was in china with the u. S. Market very closely following the ups and downs of the shanghai composite. Overnight that index rose by 4. 5 . That added to yesterdays gains, following the extraordinary measures the government took to stem the markets step losses over the past month. Now to greece where the countrys debt crisis may be nearing a resolution. Later tonight parliament is expected to vote on a reform package thats much closer to what its creditors are looking for. Michelle carrera reports from athens. Reporter the new greek finance minister stood before the Greek Parliament today and told the members to support the bailout measure he gave to creditors late last night, nearly afl to the proposal his boss told voters to reject less than a week ago in a controversial referendum. The new proposal includes billions in tax hikes and pension cuts. The parliament is expected to vote yes, leading to another round of protests from no voters tonight. Still, after two weeks without a working Banking System the Greek Economy has pretty much ground to a halt. The ceo of greeces largest retail chain says the climate needs to improve fast. This is the worst crisis i have seen. And hes seen a lot. The retail chain is 60 years old, started by his father. When this crisis started, he says sales fell to practically zero. Then greeks fearing a departure from the euro went on a buying binge to convert euros into hard assets. Tomorrow prepare to have value on the house, money that they dont know if they can have the bank powered like before. Even if greeces creditors accept the proposal and get a deal done over the weekend, a huge amount of damage has been inflicted on businesses both large and small. A jewelry whole saler servicing hundreds of shops across greece. Despite the crisis, he still has lots of demand because its high tourist season but with the banks closed theres little cash in the financial system. We dont have cash from our customers, so we cannot. Reporter electronic Banking System is working, why cant you use that . Gold they want it cash they have it. Reporter publisher of a small free weekly newspaper, in january of this year she was getting 50,000 euros worth of advertising every week. A month ago that fell to 30,000. Last week zero. Because the private sector is very much pressed from the condition in the banks. Nobody pays nobody. 15 freelance writers will be receiving one less check per week. Michelle carusocabrera athens. European leaders plan to meet in brussels on sunday to consider the proposal but ultimately any deal to give greece a third bailout runs through germany and the politics there couldnt be more complicated. Steve leishman reports tonight from frankfurt. Center stage is german chancellor Angela Merkel to keep the European Union intact and she also faces a public opposed to any more greek give aways. Finally lets merkle and the european lets say, policy makers give in this would also finally conclude that Alexis Tsipras will finally leave the stadium as a winner and this certainly, is really complicated and a big problem to digest for the normal people. After greece submitted an 11th hour proposal for a bailout, leaders throughout europe offered their opinions, but merkels government was glaringly silent. If the chancellor whos guided the country for the past ten years, would accept another round of promises from greece and concede on the most critical point, giving the greeks debt relief. Merkels finance minister known to be more hardlined than his boss for the first time on thursday said the Greek Economy needed debt relief but such relief was against European Union rules. The mystery should be revealed tomorrow. Thats when finance ministers meet in brussels to decide whether to accept greeces proposal then on sunday e. U. Leaders meet formally to decide on the bailout. If turned down it could be the ultimate exit of greece from the currency union. For merkel its between siding with her foreign allies or her public. For nightly Business Report, im Steve Leishman in frankfurt. To the u. S. Economy now where another report enforced the rebound after a weak first. Whole sale inventories rose to their fastest pace in six months in may, increased. 8 , better than forecast. Janet yellen gave no indication the drama in greece or china will delay the Central Banks plan to hike Interest Rates in the u. S. Later this year. In a speech in cleveland today, she said the fed was on track for its first rate raise in nearly a decade. Hansen pearson untangles the fed speak for us tonight. Reporter in a speech in cleveland, fed chair janet yellen would not say whether she anticipates one or more rate hikes at the four remaining meetings of the central bank this year. In all defense she said on more workers coming back into the labor market and more signs of Stronger Economic growth. Including improvements in what she described as an underperforming housing market. I expect it will be appropriate at some point this year to raise the federal funds rate and thus begin normalizing Monetary Policy. In an effort to ease market anxiety over Interest Rate liftoff, the first rate hike in nearly a decade yellin said both wall street and main street should focus on the gradual path of increases after that. I currently anticipate that the appropriate pace of normalization will be gradual. The Monetary Policy will need to be highly supportive of Economic Activity for quite some time. Earlier this week minutes from the midjune fed meeting showed Monetary Policy makers concerned about the debt crisis and the economic slowdown in china, not so today. Yellen said calls by Christine Lagarde to hold off on raising Interest Rates until 2016 is part of the Interest Rate policy debate inside. The members of the federal open Market Committee publish their own individual forecasts of the appropriate path of policy conditional, of course on their economic forecasts. Youll also see a range of opinion there. And so it is part of the spectrum of opinion. Reporter today was in many ways a preview of the fed chairs semiannual report to congress on Monetary Policy and the economy. That happens next week during two days of hearings here on capitol hill. For nightly Business Report, im Hansen Pearson in washington. Still ahead, the fda strengthens the warning on well known pain relievers, but will it impact the big money behind those popular pills . What do you reach for when you have a headache or some muscle pain . Well like millions of americans, you probably head to the medicine cabinet for some advil, aleve, or maybe motrin. Now the fda is strengthening the warnings on this class of painkillers and theres a lot of money on the line for a lot of well known companies. Meg terrell has the numbers. Reporter the fdas stronger warnings will appear in the coming months on popular over the counter medicines like motrin advil, and aleve. They are in a class of painkillers called enseds. The new warnings are more specific saying those serious side effects can occur as early as the first few weeks of use. Your risk goes up the longer that youre on it and the higher the dose so for most people you know if they are not getting any benefit, they dont need to take these medications to begin with but if youre getting a benefit, you have to weigh that against the risk. Inseds are big money for prescription companies. 2. 5 billion in sales last year. In total, more than 100 million prescriptions were dispensed. Americans bought more than 275 million boxes of over the counters in 2013 amounting to 1. 7 billion in sales, according to Retail Tracker iri. Major makers include johnson and johnson, pfizer and bayer. Analysts say the warnings are unlikely to affect the stock, though the fda hopes it does affect consumer behavior. I know some people if they have little pain will go ahead and use advil. That probably might change a little bit. Probably use it less or find an alternative. That may change the way i use it like on a normal day maybe. The fda says those with highest risk are people who have had a heart attack already, but note the risks exist for anyone. It doesnt say these drugs shouldnt be used. Its advice is to use the medicine only as directed and take the lowest effective dose for the shortest amount of time possible. For nightly Business Report, im meg terrell. Aspirin and tylenol arent included in the warnings. People who take low dose aspirin for protection against heart attack and stroke should know some inseds could interfere. Well cable vision rallies on buyout interest and thats where we begin tonights market focus. The cable operator was the best performer in the s p 500 today following a wall street journal report saying a company is interested in buying it. Shares popped more than 7 to 26. 67. American airlines also higher on june results. Traffic last month jumped thats a key industry metric. Shares rose nearly 4 today to 41. 21. United continental also reporting an increase in june traffic, but lowered the Second Quarter outlook saying it expects margins for the Second Quarter to be at the low end of the range of guidance it gave. The Company Blames the strong dollar. Shares were 4 higher to 55. 51. General motors is recalling nearly 800,000 crossovers this after it discovered a defect with its power lift gates that caused at least 56 injuries. The companys saying the lift gate may wear down prematurely, calling it to fall too quickly. Shares were more than 1 higher at 31. 40. Lockheed martin is reportedly in advance talked to require a Helicopter Unit from united technologies. A deal between the two companies could be worth more than 8 billion. Shares rose 1 to 194. 19. Believe it or not, it was the biggest week of inflows into u. S. Based mutual funds this year. Investors poured more than 14 billion into the u. S. Stock funds in the week ended july 8th. This according to Thompson Reuters service. Funds that specialize in u. S. Shares attracted most of that new cash. Now to our market monitor. Who like stocks she says is changing the way the world works. She is cathy woods, ceo of arc investment management. Welcome, nice to have you with us. Thank you, sue, happy to be here. Sounds like what they typically call disrupter companies, is that a correct read . Yes, we focus on Disruptive Innovation thats our starting point, and were looking for companies that are going to change the way the world works, so we spend a lot of time with technologically enabled companies and were looking for the key enablers size of the market and where the economics will lie. Yet some cathy, of your choices tonight are companies with which many of us would be familiar so you dont really say that these disrupters have to be found at the infant or guppy stage. Lets start with amazon. Yes. We think amazon is a much bigger idea than people understand today. It is now market cap approaching that of walmarts. We think its going to surpass walmart, because we think online sales, which are now less than 10 of sales, are going to grow much larger. Amazon is leading the charge. They also have their technology business. Amazon web services which is infrastructure as a service, is changing the Way Companies are using technology. Infrastructure is a service taking care of a lot of corporate needs. Next on the list is linkedin why do you like it . We love linkedin because they are helping to solve a lot of problems. First of all, all of us use linkedin in our personal networks. We dont know what wed do without linkedin. Hr managers Human Resource managers are also very dependent on linkedin. We think with the trend towards robotics and the need for education and retraining that linkedin is going to become even more important. Theyve just bought a Company Called linda. Com, who helps to retrain people and we think with all of the big data that linkedin has, that they are actually going to help people improve their opportunities for careers, and step up to the next level faster than they might otherwise. And your third choice is another stock sort of in a way like amazon in that i guess you believe it is underestimated misunderstood, and not common known as well as it should be. Its invidia. Its invidia. Everybody assumes its hostage to the pc cycle. Invidia is so much more than that. Its the leader for chips for parallel processing which is used in all of our themes so anything having to do with the cloud, parallel processing is critical. Anything having to do with Genomic Research dna sequencing parallel processing is critical. Its becoming much more involved in automobiles, and as we move towards shared autonomous electric vehicles its really going to be the chip that helps the car see when theres no physical driver. Very interesting, cathy, thanks so much for spending time with us. Come back soon. Pleasure thank you so much. Cathy wood with arc investments. Coming up what the nations changing hostage policy can mean for trying to keep americans safe overseas. The final part of our series is next. And heres what to watch for next week. Burning season will be in full swing with major corporations reporting, including dow components jpmorgan intel, and General Electric among others. Janet yellen heads to capitol hill where shell deliver her semiannual testimony on Monetary Policy and two indicators of inflation are due out. A read on the health of housing, industrial production, and more. The busy week thats what to watch for next week. The droughtstricken state of california is seeing a 50 jump in the number of fires this year. This is happening with less water to fight them. Water levels have fallen and some sources may be now too low to tap for firefighting. As jane wells tells us that is prompting firefighters to get creative as the cost to fight fires soars. Reporter heres how weird its getting in california. A famous actor is accused of stealing water in a drought from a fire hydrant for his avocado trees. Then caltrans tweets this photo showing it suddenly snowed in sierra in july. And state has seen far more fires starting earlier and burning faster than firefighters expected. Were over 53 higher than we were even last year. Reporter so far in 2015 there have been well over 3,000 fires in california and the cost to fight them is soaring. This time last year cal fire had already spent 240 million fighting fires. This year its 286 million, almost 20 more and the hottest, driest months are still ahead. Were finding that we have to travel further to find water. Were finding reservoirs that boat ramps arent even long enough to get to where the water actually is that we need to pump out for filling our engines. Reporter super scoopers which need a long runway of water, are settling for the ocean, assuming the pacific is close enough to get to. And while new technology is helping firefighters find and fight the flames they are also finding new ways to do it with less water. There will be more what we call dry mopup type of activities meaning well use very little water, use mostly dirt and hand tools to scrape away hot spots. Reporter maybe Mother Nature will finally help. El nino weather pattern could bring rain and finally give firefighters a rest. For nightly Business Report, jane wells, los angeles. An update now on the Massive Office of personal management data breach. The director of that agency resigned today in the wake of the theft. As we told you last night, the personal information of more than 22 Million People was stolen from the agency. The Deputy Director of the management at the office of management and budget will temporarily fill the top spot until a replacement is found. The Biggest Discount broker by trade executions experienced a technical issue today. Td ameritrade said trading was interrupted for some investors using its platform for a short period. The company said the problems were caused by a Software Update done overnight and were resolved a short time later. This comes two days after the New York Stock Exchange shut down for more than two hours. What would you do if a loved one was ever taken hostage in a foreign country . Youd probably want to pay the ransom. Well until recently families didnt have many choices, but the white house has since made changes to the nations hostage policy. Eamon javers has the final part of our series held hostage the big business of ransom. Reporter its one of the most dangerous countries in the world. Mexico is really a major problem for us both in the kidnapping Crisis Response and the extortion side. Reporter but for americans american citizens in my opinion are in most danger in areas where theres islamic military and terrorist. Reporter a change of heart when it comes to hostage negotiation, the United States government is no longer going to be in position of threatening the families of people who have been taken hostage. The u. S. Government says its position hasnt changed at all. The u. S. Government is not going to negotiate with terrorists or hostage takers. Still, this development is seen as a potential benefit for the kidnap ransom and extortion firms already out there helping victims. Critics say it could make hostage taking more profitable for the bad guys. Its good for their business. Reporter whos it bad for . Bad for the americans who are traveling. The government wasnt prosecuting to begin with, and it didnt necessarily have to be publicized they were going to be doing this. Reporter these kind of headlines make you nervous . Absolutely. Reporter that could mean more business for insurers like travelers. We get a lot of International Countries that are conglomerates, mining organizations that might have assets or properties overseas oil and Gas Exploration companies, as well. Reporter and Companies Like olive group, one of the leading providers of kidnapping response. I think one of the most important things is theyve got to have International Experience either exmilitary or exgovernment service, some Law Enforcement or fbi. Reporter the longer the negotiations take the more money hostage negotiating companies make. The most important expense is to bring on a crisis consultant. Reporter as far as the payout . Roughly 50,000. Reporter whats the most expensive place in the world to get taken hostage . Comes down to what is the motivation for the kidnapping and what is the ultimate end game. Reporter for nightly Business Report, im eamon javers in washington. Finally tonight, a happier story to tell you about, a parade in manhattans financial district. The women of the u. S. National soccer team made history again today with the first ever new york city ticker tape parade celebrating a womens team. Since the womens soccer team won its third world cup title on sunday there has been by the way, a 3,000 increase in sale of u. S. Womens National Team merchandise at the Sports Apparel site fanatics. Com. Congratulations to them. If anybody deserves the parade they did. Yeah very proud of them. Thats it for nightly Business Report tonight, im sue herera, thanks for watching. And im tyler mathisen. Have a great weekend, everybody. Well see you back here monday. Gwen a huge Government Data breach. The Confederate Flag debate goes national. The president ial Campaign Goes ballistic. And the iran talks go nowhere. Well catch you up tonight on washington week. As the confederate battle flag comes down in south carolina. Its a great day in south carolina. Gwen a fresh debate flares on capitol hill as democrats work to remove the symbol from most federal property. Has this flag prevailed in war, i would not be standing here today as a member of the United States congress. I would be here as a slave. I do not want this to be a political football. It should not. Gw