The a package is for 94 billion. Approval was expected. Merkel Closing Party holds a majority in parliament. The head of the vote, she said it was their duty to help greece. Chancellor merkel i know many have doubts and worries about whether thisll be successful whether greece has the strength to criminally go down this road and nobody can wipe beside those worries, but i am convinced of one thing we would be grossly negligent, even irresponsible, if we did not at least try this road. Erik with the promise of help on the way greek Officials Say banks will reopen on monday. They have enclosed for 20 days. As if this fiscal crisis were not hard enough on the greece, a large brush fire erupted near athens and push clouds of smoke into the capital city. Matt federal authorities are not yet pinpointing a motive in the attack that killed four marines in tennessee. Investigators are checking social media and questioning funds of the friends of the alleged shooter, mondelez Mohammad Youssuf ab
Low. Firmly low 70 area a week oh euro has been the theme we are firmly bloat 1. 10 now. The Dollar Strength is not just in the fx market at the bond market as well. In this morning the Precious Metals are collapsing. Gold is falling out of bed tonight. This one is trading at a fresh fiveyear low. Theyre raising some of those losses but stay down by 1. 3 to and then the fx market in the commodity market us is the carryover for the spillover. The ftse 100 up by a 10th of 1 . The cac 40 higher by one third of 1 . An eightday winning streak adding over 8 over the period. We are heading so far for a ninth day of gains. Lets head over for the asian market wrap. I wish i could tell you a more exciting story across equity markets here. You can see were just past 2 00 p. M. It is a fairly mixed bag. That japan is closed today for marine day. You see that we are basically back to level since last thursday. Do have some markets which are seeing a bit of spikes places like hong kong and some of t
Flag. It is like a stroll. Tom ok a greece update their. There. We will have other headlines coming out on it. We need to brief you on greece. We begin our top headlines with vonnie quinn. Vonnie i want to mention that earnings are out as well expected to be 1. 04. Creditors and Alexis Tsipras are negotiating a third bailout. More than three dozen members of his party abandoned him in the final vote. Tsipras warned that the rest of the bell talks will not be easy. Pm tsipras this hard negotiation process is not end here. After the approval of this last package, according to the deal of july 12, we are obliged to negotiate again with the same persistence and fashion in order to negotiate on the terms of the loan. Vonnie tsipras promise to try to approve the final bailout deal. Secretary of state john kerry goes to make his case for the iran deal. Kerry and other officials will testify before the Senate Foreign relations committee. Congress has 60 days to review the agreement. Obama said
On the revenue side, it was a very small miss. It came in at 5. 93 billion, the estimate was for 5. 94 billion. Adjusted earnings per share 1. 54 again. Tom that is a lot of pizza. That is a lot of pizza at 5 00 p. M. Brendan i will show you the two numbers you need to know. Highspeed data net addition 172,000. Vonnie the estimate was for 98,000, so that is actually a beat. Brendan yep. Vonnie looking for the call to develop what management is thinking about, or charter and the measure. Tom there it is on time warner cable. We will get you started and go to the fed. First, our top headlines with vonnie quinn. Vonnie if that is dropping hints there is almost enough improvement in the job market to start raising Interest Rates. Policymakers arcs rising satisfaction with progress toward full employment. They say they need to see some additional gains before the first rate hikes since 2006. Economists surveyed by bloomberg expect to raise rates by september. The first big break in the sear
Devaluing chinas currency should make it easier for exporters to sell overseas. Last month, exports fell 8 . China is in the midst of its biggest economic slowdown since 1990. Google wants to become the Berkshire Hathaway of the tech world. Goal is reorganizing into a Holding Company called alphabet. The companys search and advertising units will be separated from new businesses such as self driving cars and health technologies. Each alphabet subsidiary would have its own ceo. That is a structure similar to Warren Buffetts Berkshire Hathaway. Larry page will be the ceo of alphabet. Negotiators have agreed on a deal for another greek bailout. Says only avernment few details need to be worked up or the agreement will give the greek 94 in loans. That moneys some of in the next week it has a payment due on august 20. It is being called a new front in cybercrime. Louvered news reporting that u. S. Authorities have broken up and Insider Trading ring that relied in computer hackers. Nine peop