The u. S. Led coalition has intensified its campaign against isil in iraq and syria. With some of the heaviest bombing since it began airstrikes last september. 19 have been carried out in the last 24 hours alone. Kurdish Peshmerga Forces in iraq are helping on the ground. They say they have recently killed 40 isil fighters near the city of kirkuk. Barack obama says hes determined to destroy the group and says regional players in the middle east are united in the fight. Isil strategic weaknesses are real. Isil is surrounded by countries and communities committed to its destruction. It has no air force. Our coalition owns the skies. Isil is backed by no nation. It relies on fear, sometimes executing its own disillusioned fighters. It creates new enemies in short their recent losses in syria and iraq prove that isil can and will be defeated. Obamas statement on isil concurs with an increase in the air campaign. 11 strikeouts in the oil town of panel i fallujah, and sinjar. And in syria i
Ahead of another summit in brussels. The Commission President putting it on greece to come up with a new proposal but no deal is expected today. Samsungs new normal. The south korean phone maker delivers another quarter of week earnings and challenges from elliott adding to the groups problems. Heres whats coming up on tuesdays show. This 42 Million Pound mansion is decked out with a gym, movie theater, and Swimming Pool but how easy is it to find a buyer . We found out later. Plus is a july rate hike back on the table . Find out why starbucks latest move is brewing some rumors and another bump in the road from ubers expansion plans. We have the details on the latest city fighting the taxi app. Lets have a look at oil prices. Brent and wti steadying after trading at the highest levels for quite sometime. Lets discuss that straight at the top. Interesting couple of factors. Yesterday was a generally risk off today. But stats out of opec as well as iran developments. What was the biggest
It was a definite and defiant no. Almost 62 of greek ballots cast against austerity. Athens wants to renegotiate. To do so, the government has decided it might be better off without finance minister verify this, so he has resigned. Reporter the triumph and greek Prime Minister could not wait for the official results the triumphant greek Prime Minister could not wait for the official results. Television networks interrupted their broadcasts as he gave his victory speech. Tsipras we have proven, even under the most difficult circumstances, democracy cannot be it is a mandate to strengthen our negotiation position, to seek a viable solution. Reporter his government had wagered everything on this referendum, including its own future. Before his shock resignation Yanis Varoufakis assured the greek people that the greek government would not close the door on europe. Verify this varoufakis greece will begin to heal its wounds. Tonight, no is a big yes toa a democratic europe. Reporter while t
Earlier. There are two kinds of trading halt, the kind caused by some sort of computer malfunction and the kind where government stops trading because stocks are in free fall and its the only way to break the velocity of the decline. Trust me you want to be in the trading hall caused by the computer crash and the New York Stock Exchange and not the one with the stock market crash namely the indices that trade in china, but you wouldnt know it judging by todays horrendous action. The dow tumbling 261 points and the nasdaq tumbling 1. 75 . There were not one, but there were two marvels today. The first was that the New York Stock Exchange went down and, i dont know, nothing really happened. Trading got rerouted to other exchanges and as painful as it is to say it got to the market was as bad on the other exchanges as it would have been in the New York Stock Exchange. I can remember a time when the New York Stock Exchange was the only game in town and this outage would have caused widespr
Welcome to countdown. Its 6 00 in london. Another day, another story out of china lets start with the chinese equity markets. This is a picture of the shanghai composition, your today. Shanghai compensate, your ear to date. What have we lost so far on this Chinese Market . We have lost 3. 9 trillion worth of value in less than a month. Such is the level of trading halts we are seeing on the Chinese Market. The latest government headline is being described as an act of desperation. Lets talk about the u. S. Equity markets a number of issues. We saw the u. S. Equity markets fully open for the last hour of trading. The nyse suffered a threehour trading hold because of the software update. Other trading was open all the way through the afternoon session. Still, amazing developments we will come back to that. The fact that we saw the fed concerned about greece in china, that weighed on stocks. Lets talk a little bit about what happened in the Asian Session today. Chinas stocks are up and tr