The italian market on reports that an offer for a merger was turned down. And iraq gains ground from isis. The situation have never reached this point. The whole of iraq should be a red line. Isis should not be able to take it over. This is the new strategy and the International Coalition should follow in the region. Greece has warned once again that it could default on its debts. The countrys interior minister says athens does not have enough money to pay loans due to the imf in june. Unless a deal is made on its International Creditors on funding. Speaking on local it television the money wont be given because its not there to give. Lets have a look at the greek yield curve as we look at things this morning and we are looking once again at yields slightly elevated, the tenyear 11. 4 and the five 16. 5 and two year, 24 . Mean while, the countrys finance minister has insisted greece has taken huge steps forward in trying to reach a deal with its creditors. Greece has made enormous stri
Revise Financial Aid today. It comes after they will not be able to make their payment by june 5. Yanis varoufakis has blamed creditors demand for more austerity for the lack of progress. Saying their guard government will not accept a cure. In a moment we go live to our international correspondent. Lets get the latest in athens. What is the state of bailout talks . It is another groundhog day in the greek crisis saga. The socalled brasses group have resumed talks today. The significant differences remain in areas including sales overhaul, labor market reform, and targets as the greek spokesman explained yesterday. The impasse continues for the fifth month. There are only five weeks left of the bailout. It reminds viewers at the end of next month, they extension that greece got in february for its bailout expires. After this, they will have no financing whatsoever. In this. , greece could strike a deal with creditors, have this deal approved by parliament and then lay the fine foundati
Losses, but some encouraging pmis in europe, especially in spain. Our map begins with twitter. Being slapped with a big downgrade. Sirius xm moving the other way. Liberty offering to make the service a wholly owned s subsidia subsidiary. Apple reportedly snapping up snappy labs. Apple is close to breaking below its 50day moving average. And to buy jose banks, 57. 50 a share. Twitter downgrade. By Morgan Stanley to underweight from equal. Citing growinging competition from facebook and google. The call comes two months to the day that twitter priceded its ipo at 26 a share right here. The stock is now at 140 . This is scott, the analyst at Morgan Stanley. Wellknown. Helped take Facebook Public and now feels they have the advantage in this race. I think facebook, robert pack, sun trust, who was the first guy to say listen, twitter could be amazing. I criticized him, saying is he trying to get the jump . He was. He really pushes facebook today. He downgraded twitter before. I think people
With theories adjustment on gdp. Back and forth. The numbers up and down. Earnings before the bell. Pepsi. After the bell, aig, truly a. All government offices are closed today. That is what happens when you that half an inch of snow. Shut them down. That is it. An interesting day with the storm going on. Ooking at the data check stocks, bonds, convert commodities. Futures down seven after Janet Yellens testimony. Eurodollar down. A little bit stronger back and forth over the past three days. Under 100. Ex crude we go on to the gold market. That is a big deal. The bulls and gold getting a little bit of confidence here over the past number of days. Stronger yen. Still inrling business. Scotland still part of the folds. Scarlet fu has the top page. Bloomberg has learned comcast has agreed to buy Time Warner Cable for 34 billion in an all stock deal. This would combine the two largest Cable Operators according to people familiar with the situation. Outt is supposed to come later today. Wh