Companies, physical assets and the trading behind the hottest commodities with the smartest voices in the business. We kick it off with spot on, our analysts take on. We start our analyst take on the big story. Joining me is ceo and a middle east advisor. Our spotlight is on the middle east. A lot has happened in the last week. It started thursday when two tankers were damaged in the gulf of oman. Friday, President Trump formally accused iran as the perpetrator and on monday, the u. S. Ordered troops in the middle east. Thursday morning, iran shut down shot down a u. S. Drone and President Trump addressed the situation while meeting with canadian Prime Minister justin trudeau. Pres. Trump iran made a big mistake. This drone was in international waters. We have it all documented. It is documented scientifically, not just words. They made a very bad mistake. Alix what is the end goal here for the u. S. . Ultimately, to reach some kind of diplomatic negotiation and agreement. We are far a
Voices in the business. We kick it off with spot on, our analysts take on. We start our analyst take on the big story. Joining me is ceo and a middle east advisor. Our spotlight is on the middle east. A lot has happened in the last week. It started thursday when two tankers were damaged in the gulf of oman. Friday, President Trump formally accused iran as the perpetrator and on monday, the u. S. Ordered troops in the middle east. Thursday morning, iran shut down shot down a u. S. Drone and President Trump addressed the situation while meeting with canadian Prime Minister justin trudeau. Pres. Trump iran made a big mistake. This drone was in international waters. We have it all documented. It is documented scientifically, not just words. They made a very bad mistake. Alix what is the end goal here for the u. S. . Ultimately, to reach some kind of diplomatic negotiation and agreement. We are far away from that. At the moment, they are probably thinking about additional sanctions, possibl
Keybanc taking a knife to that stock. Its still higher, though, nonetheless, and that is helping to keep the market upright. Theres apple getting a little bit of a lift. It does take us to our talk of the tape. The rising rate reality and whether were getting close to the end of the recent move. Youve got to think we need to be if stocks can get anything going from here. Dan greenhouse, liz young with us as well, and so is cnbc contributor rick. We got a big desk because we got a big story. Greg branch, is this your moment . Is your call that stocks are going to have a really rough go in the process of taking place . I think its starting to take place, scott, and i think as you know, i see another 10 downside from here. At this juncture, we still havent seen many of the catalysts happen for my thesis to play out, and that is that consensus estimates are just too high. I am higher and longer than consensus, and that means that i see no path to an 8 fourth quarter, now an 8. 3 fourth qua
Corporate funding is provided by mutual of america designing customized individual and Group Retirement products. Thats why we are your retirement company. Additional support is provided by and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios in Lincoln Center in new york hari sreenivasan. Sreenivasan good evening and thanks for joining us. Im hari sreenivasan. We begin in greece, where the results of a nationwide vote tomorrow could keep the debt ridden economy afloat or cut off desperatelyneeded Financial Support from its european creditors. Voters from both camps have been holding massive rallies. If greeks vote no to adopting a set of severe austerity measures, the country would lose any chance of getting financial help. If greeks vote yes to the cuts, the country could get some debt relief. The referendum comes after greece failed to pay a 1. 6 billion euro debt payment, shuttered its
An historic and agreement on Irans Nuclear program. The u. S. And other global powers will ease sanctions that have crippled irans economy. That is likely to lead to iran selling more oil, sending the price of oil down by the most in a week. It will have a 60 day review by congress. Israel says it will lobby american lawmakers to reject it. We will hear from president obama in about an hour. You can watch it on bloomberg tv at 7 00 eastern time. Greeces Prime Minister will not be able to count on his own coalition to support pension costs and tax hikes. Tsipras admits the austerity measures to Parliament Today will be set for tomorrow. Lawmakers must approve the legislation before talks on a new bailout. Paul krugman told Bloomberg Europe wanted to less screen to let greece no who is in charge. Paul krugman this is not about how much greece is going to repay, it will be about greece suffering. There is no escape. You do not get away from anything. And greece has made it clear that they