Extraordinary moment for sports specifically womens. You go, girl. Matt we kick it off with our top stories. Those are two of them. The next move may be up to greece after voters rejected more austerity. Whatever greece does next, it will happen without Yanis Varoufakis. He has quit. He says there is a certain preference among european asp among european creditors that he no longer be involved in negotiations. Alexis tsipras that the no campaign which received 61 of the vote. He called it a courageous choice. Today, we celebrate the victory of democracy. From tomorrow, we continue and will complete our National Effort on exiting the crisis. The greek peoples believe in our own strength and justification we are right. Matt germany and france meet up today said decide a common response. Greek banks may run out of cash in hours unless the ecb extends another lifeline. Stephanie john kerrys temporary expectations that a nuclear deal with iran is imminent. He said negotiators are not where
Stephanie greece has responded to that ultimatum in europe by asking for a new bailout. Today, the greeks formally asked for a new bailout. In return, greece said it would impose tax reform as early as next week. This morning, the greek Prime Minister promised to deliver. In the next two to three days, we will put forward concrete proposals in detail and i am confident we will be able to meet the obligations of the crucial times. Stephanie the European Commissioner meanwhile says there is a scenario if greece has to leave euro. We will hear from the Economic Affairs commissioner in europe in the next hour. Erik in china, the government is trying to stop a meltdown. Nothing is working and on paper, investors have lost trillions of dollars. Down with 30 since june 12. Here is the issue. Much of that money is wrote money. Borrowed money. At one point, walk locked out of the market because the trigger had been tripped. Jpmorgan is preparing to settle federal investigation into credit card
The songs written by english musicians. Tom veidman being quoted. Here are the top headlines. Vonnie the New York Stock Exchange at a computer glitch that knocked out trading for three hours and theyre looking at a software update. They must verify the calls and reports to regulators. The president of the nyse said trading was suspended because he didnt trust the exchange system. We chose the least disruptive option for customers which was wrote out the problem and put up plan and place to fix it, fix it, and reopen and there was no work for customers to do to connect to the exchange. Vonnie trading was halted but shares still traded on other venues like nasdaq. Greases under the gun today to come up with an economic reform plan to stay in the euro area. European leaders are giving greece until midnight tonight to present his proposal. They want more spending cuts before agreeing to a new bailout. The imf chief Christine Lagarde says the fund is ready to help in greece might get specia
It is. We will be talking to Carmen Reinhart about it at 8 45. Stephanie greece has had deadlines before. European leaders gave a greek Prime Minister Alexis Tsipras, until midnight tonight. They want more spending cuts before agreeing to a bailout. Greece will not get special treatment. We remain fully engaged in order to help find the solution that will be most conducive to our mission, to try to help with restoring stability, growth. Stephanie wieters can decide how to respond to the greek proposal. Greece has extended capital controls through monday. In china, stocks bounced back after losing more than one third of their value in one month. The best marked shanghai composite index rose 5. 8 . Steve engle has the story from shanghai. Steve confidence and liquidity returned thursday as stocks rose the most since 2009 on a trifecta of announcements from authorities, including on the curates regulator, banning major shareholders from selling for at least six months. The banking regulat
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