Watch. Erik time for our top stories is one of his best begin with this. German chancellor Angela Merkel is standing out optimism in the greek crisis. They end the night with the leaders of greece in france. Greece once the remaining 8 billion in bailout funds to the void avoid the fall. She says there is a whole lot more to do before that can happen. I will have bilateral talks and have hardly spoken last night with the french president and the greek Prime Minister. It was a very friendly, constructive exchange, but it is clear that further work with the three institutions is necessary. Erik she was referring to the imf. It is behind greeces bailout. President obama says that the u. S. And its allies are not losing the fight against the islamic state. He says more needs to be done to help iraq. They talk to the magazine after isis captured the city of ramadi. Obama says they could use when the war without needing more troops to fight. I can say with full confidence maybe this is a con
From Michelle Carusocabrera in a few minutes, but first andrew is here with the top stories. Thank you, becky. Hope everyone had a great weekend. In corporate headlines we have a big one, netflix need for speed at the center of the big deal. A new deal with our Parent Company comcast. The two sides have struck a deal under which netflix is paying comcast for faster delivery of the video streaming service. This marks the first such agreement for netflix and is sparking speculation that other content providers may also strike similar deals. Were going to talk a lot about this throughout the program with a lot of implications, also potentiality time warner. And the whatsapp suffering an outage it blamed on a malfunctioning networking router. The founder there issues an apology to 450 million users of the service. Last week facebook bought whatsapp in a deal that could be up to 19 billion. Im wondering if there were a lot of people who didnt know what whatsapp was and caused a problem. And
Hang sang up 0. 5 . Modest decline in shanghai. European markets, things have barely budged there. Directionalist at this point. Waiting to see whats coming. Part of thats going to be what we get right here, a packed docket of Economic Data today. Most notably youll be getting jobless claims, that comes out at 8 30 eastern time. Economists are expecting 312,000 firsttime filings, higher than what we saw last week, that was 298,000. Something that a lot of people caught their attention last week, below 300,000. Well also be getting a key update on housing at 10 00 eastern time with existing home Sales Numbers for the month of april. As for corporate names to watch, we have retailers in focus again. Quarterly reports are due from best buy, dollar tree and sears. That all comes before the bell. Then this afternoon well be hearing from hewlettpackard, the gap, fresh market, gamestop and tivo. Andrew, over to you. Good morning. Good morning, becky. Thank you for that. Corporate news this mo
Internals that are breaking down . Well have that coming up. James paulsen is not surprised by todays red arrows but hes also not worried. Hes here to talk about how hes playing the volatility. Is this a buying opportunity for him . It could be for you as well so stay tuned for that exclusive interview. Also, the fight over tesla continues. On friday on this program we had the arizona lawmaker who is now fighting to overturn that states ban of direct sales to consumers. Today the president of the Arizona Auto Dealers Association will join us exclusively presumably to give us the other side of that trade. That should be very interesting. Thats coming up later on the closing bell. So many people following that story. Here is whats happening in the markets. The dow is off 21 points as you can see there. Thats well off the session lows. Were climbing back towards positive territory, but still about 0. 1 to go. The nasdaq, this is the one getting all the attention. Its off 1. 2 . 50 points
Board. The hang seng was a very strong performer, up by 1. 78 . The shanghai and the kospi in korea posting gains. In early trading this morning, in europe youll see at this point the same story there. The dax in germany is up by 1. 25 . The ftse in london is up close to 1 . And the cac in france is higher by 0. 75 . The key for the Global Markets today is going to be janet yell. She is on her way to capitol hill for her first congressional testimony and Public Comments as chair of the Federal Reserve. Yellen is going to be appearing before the House Financial Services committee starting at 10 00 eastern time. Investors will be paying close attention to her comments on the health of the economy and plans for the extraordinary measures. This is a careful line shell have to walk here, talking about her concerns about the economy but at the same time explaining why she believes the taper has been the appropriate policy to this point. Andrew, back over to you. Thank you, becky. We have a l