You are very welcome to the pulse. European leaders are speaking openly about the possibility of a grexit and say they now have a detailed plan in place in case black scenario happens. They have said sunday is the deadline for greece to accept a rescue or risk in booted out of the euro. For mroore we are joined by guy johnson in athens and hans nichols in berlin. Hes i nn brussels, excuse me,. Lets talk to guy. Guy, obviously, these banks are still close. Whats it like in greece at the moment . Guy well, people are beginning to wonder when they are going to open. What is interesting is youve got money pooling in certain areas of the economy and we need the Banking System to restart in order for this money to start moving around the system in the way this meant to do. The question is come next week what kind of money are we talking about . There is deadline come sunday. People are talking openly about a grexit. It is not going to be the flicking of us which. Youre not going to see greec
[ applause ] good afternoon. Financial Regulatory Reform, thats certainly the most common phrase being mentioned in this town. And with the help of my panelists were going to attempt to discover and analyze what that really means and what can be expected in the months to come in terms of Regulatory Reform. Here in the u. S. But importantly, what that means also in regards to the global regulatory frame work and interaction of u. S. Regulators and firms with those of the rest of the world. One common theme that we have heard consistently from both the Regulatory Community and the industry has been that a goal to support qualities which foster Economic Growth and Capital Formation but at the same time ensuring that safety and soundness is good. So Regulatory Reform gets mentioned and im going to quote in the last couple of days and most of them this mornings, comments that have been made by the Regulatory Community on this topic. Ill start probably with Governor Carney here on this stage
No more drama. The imf approves greece for 1. 8 billion conditional loan and two years of speculation on whether the fund will join in another rescue. There are 29 minutes until the start of the cash trading, but the futures are managing to reprice everything of u. S. Equities. Pips. Own three the question for markets, we survived the boj, no shock. Mario draghi, destination and persistence procrastination and persistence. We survived both the bank of japan and the open but the politics are back squarely on the agenda as the extension into Donald Trumps Business Affairs runs wider and broader than perhaps we originally anticipated. Trumpt extent do politics the dollar . You go slightly softer in the asia equity session. The Deputy Governor said, you have gone far too ahead of yourself in terms of potential rate cuts. The aussie dollar came back to earth. Deputy governor guide to bob basically said the Deputy Governor basically said the probability of a rate hike in february slips from
Are positive, up. It is a Dollar Strength story in the session. The euro is on cti. The headline number is largely in line. Treasuries are unchanged on a 10 year yield. Crude is softer. We did trade norse of 50 a barrel earlier in the session. Alix it was 52. M a monday, Discovery Communications is buying Scripps Network for 14 billion. It is up 1 . It is 90 a share in cash. This comes on the heels of discovery saying net income was down 8 in the second quarter. Its all about the unification of these companies as they compete for ad dollars. Versus Congress President trump. The president said on twitter dont give up republican senators, the world is watching. Repeal and replace and get to 51 votes. This comes after he threatened to remove government subsidies. Meanwhile, you get a joint statement from the house. They emphasized the importance of tax reform. They said we are united that the most important action we can take to grow our economy and help the middle class is to fix the roa
And seeing double. Luxottica agrees to emerge with the french rival. But how will investors view the deal . Were less than half an hour away from the european open, and it looks like investors are looking at equities in a negative way, with positive futures over in great britain. You can see futures down about. 5 , ftse futures up about. 25 . We saw the asian market overnight take a real tumble, then recover by the end of trading, to some extent. Not to gains, but not the kind midsession. Saw guy lets talk about whats happening with the pound. You talked about the overnight. The british pound down 1. 5 , treating just, just north of the 1. 20 line. Were clearly watching what theresa may will say on tuesday. We are still trying to figure out what will come through. It does seem as if there is the managing of expectations going on here, issues with donald trump, signaling that the u. K. Will be at the front of the queue. It doesnt seem to be helping out sterling. Its the easiest and most