Government has had to go to two in fuel buying in china. They are halting more than 50 of stocks in terms of being able to trade. There is a ban on selling if you are a notable stockholder, if you have 15 you are not allowed to sell. Extreme is what usps World Management called it. Will we see more declines in china . Lets have a look there seems to be a movement out of the havens. The japanese yen had been strengthening and now it is coming off of that sevenweek high. The yen is lower, currently trading at 121. 33. The dollar is slightly less en vogue. The euro is trading higher. Oil, a sudden slight rebound in oil. Biggest us long in oil significantly this year, we are down more than 8 in terms of oil. China is the worry, it is the second biggest demand or. Iran is a worry, yet another deadline missed in terms of lifting sanctions. We still see Morgan Stanley stock to saying they are set for a modest recovery and they are getting it. I will leave you with oil at 1. 6. Jonathan the 51
Is 6 00 here in london. Lets get uptodate on greece. I will show you a chart. Some of the release we are already seeing what Alexis Tsipras and his team have put together. You see the jump in five weeks, on the sense of optimism just this morning around, and the last 24 hours, around the greek stories. The finance minister of the netherlands had a role of the eurogroup. He is reporting in a dutch publication that he is asked the ecb and the imf to assess the greek aid request, which would be the next step after that request has been submitted by Alexis Tsipras. The other thing on the agenda is the Greek Parliament has to look at the proposal. Lets backtrack and show you what is happening the markets. In yesterdays session, before we saw this proposal submitted by the government guy lets come to you first. Is Alexis Tsipras caving . And giving the stresses and the capital controls in place perhaps knows a prize . Guy that is the obvious reasoning,. It was rejected by the greek people on
Evidence of his own participation. Radio has maintained his innocence and has authorized the Players Association to appeal his case in federal point. Escort. Joining these can lead been reporting on this, and Rachel Nichols an anchor for cnn. Surprised . Rachel im not surprised the suspension was upheld necessarily. They have been talking settlement talks. You have to figure the nfl is going to go all out. What is the bombshell is the cellphone issue. That is not something anyone expected. For months, we heard tom brady did not want to get over his cell phone. I interviewed his rate agent. He made the point of, tom brady is married to dissolve gisele pidgeon, he does not want anything leaking. He said that he did not want to trust them. But there is a big difference between i dont want to give it to you and what now the end of file has said nfl has said, that tom brady destroyed his cell phone on the date the investigator came to the door to see him. Charlie representative ted wells. A
How much does it show chinas concern about the economy . How much will a hurt Companies Selling the to china . The yuan not getting u. S. Much bang getting eu as much for your buck. Out of greece, a deal is done. Greek minister. We want at devil and the detail. It moved a bit. The euro is declining. The dollar rise. Up against 16 Major Trading peers. It is dominating because of the yuan move. China trying to devalue and trying to play catch up as we will speak at the stephen saywell. The dollar has rallied higher against asian peers a global peers, will not see will not seen it. The overall affect market to very stable. They let go because the data makes too much sense to start a export growth. Dollar rallying higher. Will it play in for the Federal Reserve thinking of a rate rise . Is this exporting deflation to the rest of the world from china . Will it mean they are less likely to do rate hike . Dollar goes higher. 1. 9 higher. Willolleagues in asia point you through that. Other Ass
August but straight to macys earnings out right now. Julie hyman has the latest. Are they in fashion . Julie stion mark get it . Julie i do get it but not so much. Low estimates at the extreme for cents, a drop in earnings yearoveryear and looks like sales are down by 1. 5 . Most of the analysts i had seen were looking for flat slightly down, so this could be a bigger drop then had been estimated. It also looks like if you look at the company on the sales basis, just a net sales basis, those numbers down 2. 6 at 6. 1 billion. That, too, is worse than estimated and the company decides weaker than expected Sales Performance in the first half. There have been activist involvement for macys coming from starboard capital, pushing the capital to spinoffs of real estate holdings, a similar thing to what we saw happen at sears. Acs has not done that but they are announcing today the sale of one of its properties in downtown brooklyn to tishman. This is something analysts have talked about, it