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i am guy johnson. caroline: i am caroline hyde in london. we are talking about the markets because it is all about china for me today. we are looking at greece if we are looking at your. we have to look at the china shanghai composition 3.2 trillion dollars have been wiped off in terms of market capitalization in china. we have it down 30% in three weeks. bank of america, morgan stanley, all warned of this bubble and now not only the internal investors but also outside investors, those looking from hong kong. ipos has canceled funding. guy: what do you expect? yesterday, we saw it close. at the end of the day, it was only up a tad and today we see a banking. greece is the other story that we are watching. we want to know what is going to happen because there will be another busy day. the finance ministers are meeting in brussels. a new greek finance minister will be meeting them today. that happens in just under six hours in brussels and then we have the leaders gatheri ....
equity side. one asset class to be looking for is oil. iran talk continues in the anna in vienna. not likely to meet the deadline tonight. will they get some sort of deal? we saw the route over the past few days. here we have it, down 52.90. it is trading slightly. we are seeing settles in the oil price. zero, pretty much south. up by half percent yesterday. a little bit of concern about what is to be done with the ecb and ela. will they give more funding to the greek banks eventually. more haircuts in can more haircuts to collateral. greek markets are rising. down in germany. a slight change. this is yesterday s close. we are not updating. this is yesterday s news. today, we are seeing more risk appetite in terms of debt market. we are expecting some significant moves. people saying axel springer, owner of numerous newspapers in germany, could combine. remember 10 years ago? it was squashed by regulators. the german media companies re-familiarizing themselves wit ....
i am manus cranny. coming up on the pulse, we ll be speaking to the former a tie in finance minister and the bank of italy director general emeritus the british co simon: money emeritus fabrizzio saccomoni. angela merkel warned that the clock is ticking. time is running out. where emphasizing the social cause they need to be made. and on to resolve the situation as it is. manus: let us get to our team. guy johnson in athens. once nichols in brussels. hans nichols and brussels. guy, let us go to you. it is about the banks. european central banks is holding europeans bank is holding firm on what they loaned to the banks so far. guy: paul will give you the details of what is happening. the banking system remained shut. this economy is grinding to a halt. the agency said about depression . that is what it feels like at the moment. businesses are shutting up. they cannot get more credit. npl s were already bad. they are going through the roof at the moment. the greek ....
house minority leader nancy pelosi described it as mean and heartless. senate democratic leader chuck schumer echoed pelosi, saying millions will be kicked off medicaid in three years. former president obama weighed in, called it a massive transfer of wealth from middle-class and poor families to the rich. he said senators on both sides should deliver what the american people need. president trump tweeted today he does not have tapes of his conversations with former fbi director james comey. an earlier trump tweet indicated tapes might exist. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am alisa parenti and this is bloomberg. bloomberg technology is next. emily: i am emily chang. this is bloomberg technology. drone diplomacy at the white house. highlights from president trump s meetings with tech executives and their advice for to him on what is to come. plus, a new era at uber. the final moments le ....
health and human services. more announcements today. let s look at where european equity fund trading now, under 30 minutes to be close at a very different picture from yesterday because we have been seeing a italian banks rebounding, pulling up the ftse and giving lift to european stocks overall. european stocks are still hovering near the lowest level in more than a week. a little bit of thin trading ahead of this referendum and the head of the opec meeting later this week. , italy se equity space ftse makes up 1.9%, the cap 40 in france at 9/10 of 1% and greece up more than 1%, the euro stock of empty weakness in the ftse in the u.k., the ftse 100 down some 6/10 of 1%. the u.k., starting at 7/10 of 1%. we saw this brought below 124 earlier. we will break down the moves later. 6.20uro unchanged, one of 106.20. the 10 year yield in italy down 10 basis points. yields are coming down elsewhere in europe. and how the 600 sector breaks down, overall, the benchmark of so ....