With five other world powers and iran. The selfimposed deadline is today. It statement is expected once russias representative returns. He is sounding more optimistic about the process. One can never be sure with anything 100 but if nobody makes the stakes too high and tries to benefit or get some advantages at the last moment, i believe so far the prospects are rather good. Betty the ultimate deadline for a deal is june 30. The Prime Minister of greece is seeking support from his opponent so everybody can be on the same page on the bailout issue. He wants opposition lawmakers to biacks plan for ending austerity. We want a new agreement for development. A new agreement that must have been necessary restructuring of the debt because no country when it has a debt of 180 of its gdp can safely come out to the markets. This is the sour truth. Betty greece and its creditors are far apart. European Officials Say the proposed reforms do not merit more bailout money. Everybody complains about t
Reach an outline for an agreement. Here is irans senior negotiator. We are concentrating on finding the best solutions which are mutually agreed to by everyone. These efforts would be continued until we have those solutions. Cory any agreement would only be the main points. Lufthansa acknowledges the copilot told them six years ago he battled an episode of severe depression. He is the pilot believed to have deliberately crashed the flight into the french outbursts french alps. The judge overseeing radioshacks bankruptcy says he will approve of the sale to standard general. Standard generals plan is to keep the stores open in a cobranded arrangement with sprint. Charter communications buying Bright House Networks 10. 4 billion in cash on stocks. Bright house has 2. 5 million cable subscribers. Homemade goods site etsy has updated its ipo filing with the price. 16. 7 million shares, between 14 and 16 each. They will be launching a roadshow tomorrow. It plans to go public on the nasdaq un
It was forecasted to say the same as februarys read but instead we have a read of 101. 3. This is a little bit of a change given the latest chicago pmi number we got 15 minutes ago that it was a disappointing read in which manufacturing did not expand. They contracted once again. Last week, the university of michigan conference Confidence Index came in higher than anticipated. You wonder whether the slumping Consumer Spending is temporary or if it is indicative of just deeper problems for u. S. Households. This number would seem to suggest it is temporary. What consumers say and how they describe their feelings is different from what they actually do when it comes down to it. Olivia thank you scarlet fu. Matt i want to give you the bulletin top business stories of the morning. Home prices are rising faster than expected according to one. Of the index of Property Values in 20 cities rose 4. 6 in the year that ended in january. The report warns that home prices are going up twice as fast
It topped speeds of 200 miles per hour. Not sure where you would be driving 200 miles per hour. West side highway anyone . Robert will be joining us with the story in the next half hour. Joe mentioned that today is the last day of the First Quarter. We had a really big rally yesterday although volume was light but the dow and s p back in positive territory for the quarter and noticeably the s p is trying for the ninth straight quarterly gain. That will be the longest quarterly winning streak since the mid to late 1990s. Check out the futures and it doesnt look like theyre cooperating. Theyre down by triple digits. Its a decline of 103 points. S p is looking like its indicatinged to open down by 13 points and the nasdaq is down by 22. Its triple digit moves. Heres the other big stories were watching. Today is the deadline for the u. S. And five other nations to reach an agreement over the nuclear program. Theyre back underway in switzerland and look to be going down to the wire. Well ha
Banks report earnings and revenue both handily beating estimates. Earnings dont symptom there. Ibm, and amazon in the next few days. And very close to home, an important week for the comcast time warner merger, a meeting with the department of justice is set to try to ensure that deal is not derailed we begin a new trading week Chinas Central Bank cutting the reserve ratio by one percentage point to stimulate lending. They still, guys a lot of no progress being made regarding greek talks and the deadline that is fast approaches. Then of course 472 Companies Report this week 146 in the s p. I think thursday is the single busiest day of earnings season this week. Industrials, Consumer Staples and technologies are the three groups up to be watching this morning. So far this morning looking pretty good. Even halliburton, which had gotten beat up obviously, managed to post a pretty good beat on the bottom line at least. Its probably worth pointing out that the move by china is very reall su