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
Disappointment and declared there is no smoking gun. Joining me is an and a fellow writer for the New York Times tilde times. I begin with what happened today. Guest today we have moved into the angst part of this. We have robert kraft, one of the most powerful owners of the league, striking back charlie he was said to have understood what the league meant to his own success. Guest yes, and he had gone back to his time of venting where he called the league out for leaking information, then he fell on his sword after they were fined 1 million and said i will not pursue it any further. Now the decision on tom brady has come down and hes back front and center, criticized in the league. Its very unusual. I have not seen the likes of this perhaps since al davis when he ran the oakland raiders. It is unusual. Tom brady posting on his Facebook Page his own disappointment. This case has turned into a much bigger media circus and you typically see. Than you typically see. Now the Players Associ
Joining me is an and a fellow writer for the New York Times times. I begin with what happened today. Guest today we have moved into the angst part of this. We have robert kraft, one of the most powerful owners of the league, striking back charlie he was said to have understood what the league meant to his own success. Guest yes, and he had gone back to his time of venting where he called the league out for leaking information, then he fell on his sword after they were fined 1 million and said i will not pursue it any further. Now the decision on tom brady has come down and hes back front and center, criticized in the league. Its very unusual. I have not seen the likes of this perhaps since al davis when he ran the oakland raiders. It is unusual. Tom brady posting on his Facebook Page his own disappointment. This case has turned into a much bigger media circus and you typically see. Than you typically see. Now the Players Association filing their own grievances in the minnesota federal
Only the second, since the end of the fiveweek shutdown brought on by the debt crisis. Bank shares were pushed to the downward trading limit yesterday of 30 . One analyst said the bailout will not work if greek banks do not bounce back. The greek Banking System is key to getting them back. They have to recapitalize the major banks quickly and they have major problems with their nonperforming. Once you get the greek banks of an lending, there is no hope for the plan to succeed. Erik in the bleak financial picture, the Central Bank Says almost 1. 3 billion has flowed academic countries bank since reopened two weeks ago. Scheier is making an offer in hopes of creating a Biotech Company focused on rare diseases. The price of the about the billion dollars and scheier says that represents premium of 36 and values the target company at more than 45 a share. No deal on the horizon right now and shire it spun off from baxter and they are not talking about the proposal. John cleary is in singapo