Critical decision on whether to raise emergency funding for banks. Raising the toolbox. Beijing steps in with unprecedented measures to stem volatility. Thus its another erratic market with stocks giving you have gains. And the rolls royce issues a profit sharing. A new style of management. Okay. Lets get straight to having a look at what markets are doing in reaction to this surprise result in the greek referendum as you can see. Predumb pant thatly red in the to the stoxx 600. The declines 1. 2 . Perhaps not quite as big as could have been expected given so few people predicted the results of the referendum. And we had a similar reaction to the markets exactly one week ago after the announcement of the referendum. I guess the markets learned from their experience last week. They saw this was a knee jerk reaction and will focus on the early talks. Meantime, Yanis Varoufakis has resigned as his position as finance minister. In a statement, it states his absence could help the governmen
Since world war ii, says Angela Merkel, are somewhat over. Matt lets check in on the bloomberg first word news. First off for that we go to taylor rigs. Taylor starting with the story in germany, the german commands lower Angela Merkel is signaling its a new era in europe when it comes to ties with the u. S. She told a Campaign Rally that relyal reliable relations forced are somewhat over and europe must take destiny into its own hands. During President Trumps trip he called germany very bad and blasting allies for not spending enough on defense. A member of President Trumps cabinet is downpraying reports that white house advisor jarred kushner was seeking secret communication with russia. The u. S. Homeland john said is was no big deal. They spoke to russians ambassador and proposed a back channel between the Trump Transition Team and the kremlin. Many of british airplanes computer problems have ended but the chaos is lingering. The airline is trying to recover from a Massive Technolo
Expected. Greece gets more loans after months of uncertainty. European finance ministers have agreed to release 8. 5 billion euros for athens. Plus, u. S. President donald trump lashing out again. This time at the Washington Post. Special Counsel Robert Mueller is investigating criminal conduct by the president. Mr. Trump says the investigation is a witchhunt. Brent anger is rising in the aftermath of the london highrise fire. The death toll has risen to 17 but many residents remain unaccounted for, their bodies probably inside the smoldering shell of what was once in their home. Prime minister theresa may has announced a full inquiry but it is not likely to assuage the anger. Some part of the Grenfell Tower are still burning. These are visual taken of the interior. Emergency crews can only entnter parts of t the b building. The Fire Department reported the chance of finding anyone still alive are basically nil. What cost of the fire and how could it spread so quickly are the questions
Plus, u. S. President donald trump lashing out again. This time at the Washington Post. The newspaper is reporting that special Counsel Robert Mueller is investigating criminal possible criminal conduct by the president. Mr. Trump says the investigation is a witchhunt. Brent good to have you with us. Anger is rising in the aftermath of the london highrise fire. The death toll has risen to 17 , but many residents remain unaccounted for, their bodies probably inside the smoldering shell of what was once in their their home. Prime minister theresa may has announced a full inquiry, but it is not likely to assuage the anger on the streets of west london. Some part of the Grenfell Tower are still burning. These are visuals taken of the interior. Emergency crews can only enter part of the building. They have to break off the recovery operation because of safety concerns. The Fire Department reported the chance of finding anyone still alive are basically nil. How could the fire had spread quic
Lets begin with europes deflation by lemma. Consumer prices for the eurozone are at the top of the next hour. Our International Correspondent hans nichols, joins us now with more from berlin. It looks like draghis case for quantitative easing will be bolstered. Thats what we expect. If inflation does come in at 0. 1 draghi is going to have another argument for why he needs to start purchasing government bonds. On friday, we get consumer confidence. This is more the german case, the german theory of economy that most of inflation in decrease is largely due to the price of oil, which dropped over 50 in the last year. When we combine those two, the germans are saying you have a stimulative effect. This is Jens Weidmanns view of the world. He wants to see how Lower Oil Prices are affecting consumer confidence. Then he can say, im finally comfortable with quantitative easing. How long can the european economy weight . It doesnt look like the ecb is willing to wait. Even if we look at the co