Greece. They did not explicitly ask for it. That is a real change from before, but there is no movement from the imf, from jack lew, and from donald tusk at the eu at the commission asking for a change of actual right now. Tom we will have a special focus in the 7 00 hour with alan ruskin of Deutsche Bank. Lets get you to top headlines. He is unpracticed on this. And in greeley. Brendan it appears greece blinked. Alexis tsipras has proposed a bunch of spending cuts, tax hikes. In return he wants a 59 billion bailout, wants longterm debt to be made more manageable. Francois hollande calls the new plan credible and serious. That is the most important word there serious. Voters rejected a similar proposal in the referendum on sunday. A few hours from now, the Confederate Flag will no longer fly on the grounds of the state capital in South Carolina. The legislature voted to take it down in the wake of the murder of nine black Church Members in charleston. Nikki haley, the governor signed i
Their losses. The shenzhen composite fell more than 2 . Earlier this month, china plus government took unprecedented steps to bolster its stock. In greece, the latest talks on a bailout have begun this morning with the disagreement. Prime minister Alexis Tsipras says lawmakers have approved austerity measures, the creditors disagree. They say more reforms are necessary before greece can get any of the 95 billion worth of aid. Donald trump is worth 2. 9 billion. The celebrity president ial candidate has said he is worth more than 10 billion. The bloomberg billionaires index shows that the majority of his fortune comes from real estate holdings. Bp has reported his slowest quarterly profit in at least 10 years. The British Energy company has been hurt by the end of the boom in trading. The conflict in libya forced bp to write down almost as hundred billion dollars. Brent oil is 20 below its peak in may. The newest book from dr. Seuss has hit stores today. What cap should i get . Is the f
And it was enough. The first cutback in eight years. What does this mean for u. S. Drillers and trackers now. They look at whats going on here in the u. S. Naming his picks for commerce secretary and treasury. Our economic experts. The former commerce players on the warning signs that may be hidden within the big promises that are coming out from these new treasury and commerce secretaries. Charles gasparino has him breaking his beer with new revelations on this fight. Less than an hour to the closing bell. Lets her the kingdom. Breaking news. Novembers is turning out to be one to remember. We are seeing some historic moves. If you on stocks there is a good bet youre making some money. Now check for the 18th record close of the year. The slightly below. 10 in 2016. Not bad here. If you have your money invested in this large gold mine. Its very close to records. I can maybe this has something to do with the fact that in the aftermarket was starting to come off. Is trading near session l
Tom keene in new york. At g7 will focus be china. Tom the president with those comments. What i find remarkable is how all of these leaders seem to be speaking to their homes, but it is not a g7 meeting but it is people talking to america, to canada, etc. Francine especially japan where you see shinzo abe trying to get out of the increase. Lets get straight to the bloomberg first word news. Nejra starting with the g7, angola merkel does not have much support when it comes to austerity. The debate over stimulus versus belttightening has shifted. Canadas new Prime Minister had shifted his countrys focus to Infrastructure Spending and cash. David cameron joins markel as a champion of fiscal restraint. Just a few minutes from now, president obama holds a News Conference at the summit. In france, strikes at Oil Refineries may spread today. Workers at six of eight refineries have walked out. The strike is protesting the president s proposed labor reforms that makes it easier to fire employee
Oil is back below 48. Our roadmap begins with more volatility after last weeks postbrexit rally easing capital requirements. Plus, tesla deliveries come up short. The stock is down 4 . And the u. S. Are passing sued i arabia and russia in oil reserves, and falling below 50 even in the wake of those terrorist attacks in saudi arabia. Both oil stocks and futures moving slower than Economic Growth after the u. S. Equity markets posted their best weekly of the year. The dow and the s p gained 3 . Last week we used the term roller coaster a lot. And i dont know if you noticed, europe is having a banking crisis. Ground zero is italy, theyve had some issues again with month i depashi, and theyre not dramatically lower, and the situation and what triheyre gog to do with the recapitalization. They could hurt a lot of individual bond holders. Crisis is the right word . Italy is having a banking crisis. Many of their banks are bankrupt. The question is how. January 1, all the rules change. You ha