equities market. anna: a warm welcome to countdown. i am anna edwards. reporter: and i am guy johnson from the greek capital. anna: let s get you up to speed on what is been happening. let s talk about what has been going on. we will start with the euro. this is the last three days. lower at the start of the asian session as the foreign exchange market picked up. we dipped below 110 and came up in the hours that followed moving a little higher. that initial flight to safety in a number of asset classes, definitely present but moderating a little bit. looking at some of the other asset classes, you can see that as well. look at what happened to the yen. again, flight to safety but moderating a little as we get into our stride on this monday morning. how long will any calmness last in the london session? we will have to see. we may see that flight to safety resume. the treasury yield, another expression of the flight to safety trade this morning. yield coming down on ten-year
low. shake shack and tesla both getting slapped with downgrades. star bucks raising prices but coffee addicts keep chucking. we ll talk about why. first up it is the sign of a resilient u.s. stock market. eurozone officials are meeting today pushing for new reform proposes from the greek prime minister. banks and stock markets remain closed. pictures of people waiting outside the banks. pensioners trying to withdraw some money. there is a sense, has tsipras built political capital post referendum in. i think that merkel is making a stand. there s really good articles today about how merkel has emerged as being pretty much a dictator. and the wall street journal writing a story this morning about germany s rise in power over the last eight years. it s going to make it so it doesn t look good for tsipras. this dollar being strong earnings season starts tomorrow carl. cut numbers, cut numbers, you re going to have to cut number for every international company. this is
dow down 37 points and the s&p nudging back up towards the flat line at 2066 and change and nasdaq in percentage points the big lieutenantser, down two-thirds of a point. seven of the sectors are low for the year including staples, i.t., financial, industrials, utilities and energy rounding out the bottom of the pack. both down more than 9% year to date. oil getting hit hard again today before staging a bit of a comeback. there you see it s got modest losses right now. west texas intermediate at 51.97. ice brent crude at 56.43, down 11 cents or about a fifth of 1%. and then ty yield falling enough that we re starting to hear about lower mortgage rates. the ten-year right now earning 2.221%. euro group leaders meantime emergeing from a crucial summit on greece about one hour ago. the result nothing, according to reuters. another meeting set for tomorrow. the eurozone summit is under way now. yields meantime skyrocketing on the greek two-year bond at 49.5%. the etf that t
i m fez jamil. we ll look at the failure to recognize you failure islamic schools. tough austerity measures in return for a multibillion dollar pailout deal. athens will receive up to $60 billion in financing over the next three years. the third bailout the country has received since 2010 but in return it has to make tough reforms including tax hikes liberalization to the market. alexis tsipras must push through the reforms by wednesday or the offer from the european leaders will no longer stand. jacky rowland reports. eurozone leaders emerge to announce they avoided the worst scenario a greek exit from the euro. today we had only one objective to reach an agreement. after 17 hours of negotiations we have finally reached it. someone can say that we have an agreekment. but it s no laughing matter for the greeks. they need to adopt a large package of reforms in the next two days and agree to sell off 50 billion euros of state assets. a clearly exhausted alexis tsipras
oil on the decline. welcome to the program. the extended version of countdown as the euro hangs in the balance. iamb anna edwards. i i am anna edwards. i am ryan chilcote. we start with the equity markets. this is where we are. this is where the euro is trading. i have context and show you that we are up of the levels we were trading at. so, if you are looking for chaos, it is not evident right now. the euro-yen slipped. it did not raise the gains on friday. we are not seeing anything that looks like panic right now. how are equity markets digesting the latest? we re seeing things move higher and plenty of others around china that we need to get to and it moves things around. that is the picture across european currency markets. let s talk about the latest. the emergency summit has failed to secure the future of greece and the talks continued throughout the night. a sticking point is a proposal to put assets into privatization. let s go to who had been up all night. good