The iraq army prepares a new offensive. Chile win south americas top prize. A penalty shot to argentina giving them their first ever major title. Its a crucial day for greeks voting either yes or no in a wrench did you to decide their Economic Future. Alexis tsipras and his finance minister urge a no vote. Whats the vote actually about . Now, it will be decide whether or not greeks accept International Creditors tough proposals for more austerity measures in exchange for much needed rescue loans to pay off its huge debt and avoid a banking collapse. The european commission, the creditors along with the international mop tear fund wants taxes raised and spending slashed to meet debt obligation. That debt stands at 340 billion euros. The creditors were accused of fear mongering. It was described as a form of terrorism. E. U. Leaders warned greeks that a no vote could mean crashing out of the euro zone altogether. Voters are divided. Lets hear from our correspondent, jonah hall up athens.
Choice. Today we celebrate the victory of democracy but for tomorrow come altogether, we continue and will complete our National Effort on exiting the crisis. Our strong ally is the great peoples belief in its own strength and justification that we are in the right. Vonnie the leaders of germany and britain france and france will get together to discuss the crisis. Greece may run out of cash within an hour unless the ecb extends another lifeline. There was a big drop in the shanghai composite. Bennett rose because of oil. The Chinese Government has suspended ipos and boosted cell purchases by state run financial firms. The index is down 27 since june, 2012. Secretary of state john kerry has expectations that a nuclear deal from iran is imminent. He said negotiators are not where they should be on most difficult issues. The talks have run on for nine Straight Days of u. S. Says it will only agree to a deal that restricts the iranian ability to make nuclear weapons. A big acquisition and
Seemingly more stable usa. But on greece markets now well off their lows. Mary thompson what are people saying down there . While we are off the lows as you pointed out, dont get too excited and think that were past the worst of it we are not. The dow was down 166 points at the worse www. Point. Right now were down about 30. Vix which popped up 10 at the open is now only fractionally higher after pulling back. This that is a fear index we watch here at the new york stock exchange. The story remains the same. We are seeing a bid in gold a bid in the dollar and were seeing a bid in bonds today. Again, the concerns about greece continue to be at the forefront of traders minds but again they are waiting to see what happens tomorrow and throughout the rest of the week. China is also a concern and weighing on the markets. You can see that reflected in some of the weakness we are seeing in the Energy Sector down on concerns about a couple of things. Of course we had a higher rig count here in
Yanis varoufakis. Out of favor with leaders. Strategy assessment. It was a strong warning from the pent gone today from president obama. He said the fight against i. S. I. L. Will require more time and a broader effort. Plus homecoming. Hundreds of thousands of the faithful turn out to hear a message from pope francis a native son during the first leg of his latin american tour. Hello everybody and welcome to Al Jazeera America im David Schuster in for antonio mora. We begin with reaching a financial settlement with greece. Greek Prime Minister Alexis Tsipras is expected to present some kind of an agreement to the finances minister meeting tomorrow. A exon strategy to common strategy to find crisis. Translator it is not only the greek population and the greek people here that have a say. It is the other 18 countries. We have one common currency. We want to keep this currency and therefore all sides need to be responsible and show solidarity. The summit will be without a popular figure
Ahead of another summit in brussels. The Commission President putting it on greece to come up with a new proposal but no deal is expected today. Samsungs new normal. The south korean phone maker delivers another quarter of week earnings and challenges from elliott adding to the groups problems. Heres whats coming up on tuesdays show. This 42 Million Pound mansion is decked out with a gym, movie theater, and Swimming Pool but how easy is it to find a buyer . We found out later. Plus is a july rate hike back on the table . Find out why starbucks latest move is brewing some rumors and another bump in the road from ubers expansion plans. We have the details on the latest city fighting the taxi app. Lets have a look at oil prices. Brent and wti steadying after trading at the highest levels for quite sometime. Lets discuss that straight at the top. Interesting couple of factors. Yesterday was a generally risk off today. But stats out of opec as well as iran developments. What was the biggest