Difficult it will be to get that measure passed. But we do have the story covered. Julia chatterley is in brussels. Michelle carusocabrera is in athens. And Steve Liesman. Well have more from the three of them. As higher up on the news. But it looks like a deal is going to be reached. You can see the dow jones up 125 points. S p up close to 15 points. The nasdaq is up by 37. This is all coming as the markets in europe are higher. Dags up 1. 5 in germany. The cac is up 2 . The ftse higher. Italy 1. 5 . Portugal up 2. 75 . And the dollar is up. The euro despite the news it looks like the euro is kept together. Trading higher at 1. 1075. Part of the fact if you deep greek economies in thats going to add pressure over time. Also you can see whats happening to the yields in the european markets. In greece be the fiveyear yielding 17 . If you look to the bund thats the german tenyear thats trading at. 927 . If you check out whats happening with treasuries here in the United States youll see
The premarket poised to open the at a new high as subscriber growth tops in less expectation. We will have the latest from ecb president , mario draghi as they approve austerity plans. These litigation charges at goldman. Weighing on the bottom line. First, netflix. Strong results for the Second Quarter. The company adding 3. 3 million subs. Stocks up over 11 . This is Reed Hastings last night on the companys earnings web cast. The stock was half this price. I described it as euphoric. Its a mystery to me. What we know cuss on is how to get incredible content, stream it beautifully and market it in every country. Im out of the Stock Commentary business. Maybe he should be. Stock now closing in on an 8,100 gain from the may, 2002 ip 0. It is ridiculous this is only up 11. This was the most dazzling call. When you have a chief content officer on you know you are about to get blown away. Raising numbers, narco. They are like crouching tiger, number two. They are not even in china and japa
Hes out there. Theres a guy out there whose making a name for himself in a sport where your name and maybe a number are what define you. Somewhere in that pack is a driver that can intimidate the intimidator. A guy that can take the king 7 and make it 8. Heck. Maybe even 9. Make no mistake about it. Theyre out there. I guarantee it. Welcome to the Nascar Xfinity series. Welcome back. Good morning to you. 30 minutes into the trading session in europe. The ftse pretty much dead flat. We stayed 2030 points away from the alltime high on the ftse on a closing basis. The dax in new territory. And then we come back a little bit. We left it unchanged at an alltime high north of 11,000 points. Some of these levels of the equity markets telling a much bigger story. The ftse taking it back to 1999. Highest we have ever seen in two decades. Lets get some of our top stock stories this morning with care headline hyde. Going to focus on the green this morning. The top stock to be watching. B. H. P. B
The formonth extension of greeces bailout. Hans nichols joins us from berlin. This is expected to pass despite growing concerns in berlin about greeces new government. Hans it is being debated right now in the bundestag. There are about 22 defections expected from merkels party. Francine, what you are hearing right now in the German Parliament is basically a predebate, a debate that everyone expects they will have in four months time about whether there is going to be more a sent in greeces direction. What is clear from all the parties talking now is they are willing to give greece a chance. They want four months to see what this new government can do. It is contingent on what greeces moves are. It is expected to pass, but there is pressure on merkels party from the alternative for deutsche land, a new antieuro party. The next four months are going to be determinative. Everyone is trying to prepare their arguments for the battle to come. Francine hans, if you look at the hurdles, the g
And find a solution. Among our guests, three men who understand washington, wall street and Corporate America very well. We have the chairman of president george w. Bushs council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. But lets cover this mornings top headlines. We do have a lot in the corporate headlines this morning including Equity Residential and avalon bay communities agreeing to buy archstone from Lehman Brothers holdings. The price tag, about 6. 5 billion in cash and stock. The deal gives lehman cash to help pay its creditors as it liquidates. But it paid 22 billion for this company originally. So 6. 5 billion versus 22 billion, and you can see how lehman got into some of the problems it did. Also this morning, europe set to delay the introduction of stricter rules on bank capital. The eu reportedly prepare to go follow the United States while it lobbies for a reconsideration of the u. S. Stance. The delay could push back the start of ba