gave alexis tsipras the victory he needed. lawmakers approved a package of pension talks and tax hikes. those had to be passed before greece could get a bailout that might deliver $94 billion in aid. tsipras argued for the plan from the parliament floor. mr. tsipras: during these past five months, we have fought hard. in view of this struggle, which had omissions. i take responsibility for this. i am not walking away. vonnie: the eurozone responded. officials had agreed in principle to give greece a 7.6 billion u.s. dollar bridge loan until the bailout. president george h w bush has been hospitalized in maine for a broken bone in his neck. mr. bush sell at his home. he is 91. a spokesman says he is fine and will be in a neck brace. joe biden seeking support for the nuclear deal with iran. after meeting with democrats, he said i think we are going to be ok. many democrats are skeptical. most republicans are flat out opposed. so is israel s prime minister appeared president o
let s catch up on what the market has done overnight. the big issue is oil, back in the bear market. it is currently down 20% off its highback in june, when we reached the high. clearly, china is weighing into that once more with concerns about too much supply and where demand goes when you have the pmi coming out of china. if missed every single economist s forecast. we saw doing even worse than had been expected. i will also bring you up-to-date with some of the market moves we saw in terms of closing on the equity market. the commodities that is feeding into the market, the s&p 500 off by nearly a half a percent. meanwhile, the european stoxx 600 is off. they have been slumping for three days in a row. that brings us to our twitter question of the day. let us know how much further does the commodities route have to go? tweet me. i want to know your thoughts and what you think good oil go even further than a 20% decline? of course it was disappointing in china when prelim
next, and you also have the federal reserve hike, people worrying about that. greece that snap election is being called by alexis tsipras. will that cause more instability? equities we are on the track for the worst week since 2015 in global stocks. we are in correction territory. you were looking at your screen s now at manufacturing, falling to 48.6. this is worse than expected french manufacturing is not recovering. german data is coming out later. but that french number is not looking good. gold has been rallying, up .5%. we are on track and goal for the biggest weekly up since january. oil is continuing its selloff eight weeks we have seen the selloff in oil, the longest losing streak since 1986, almost two decades. we are at $40 at the moment. let s look at how the euro is reacting to that french number. valuellar has been losing as people recalibrate their bets on whether we will see a fed rate reserve hike. many think it will be postponed until december. but w
unlock aid is not imminent. with that issue still hanging over the g-7 finance minister summit, we ll be speaking to the european union economic commissioner later in the program. mark: the japanese economy limp into the second quarter. the central bank s key inflation gauge slows to zero. anna: embargo technologies agrees to buy broadcom for $37 billion in the biggest acquisition ever. welcome to countdown. manus: y.p. mor began job cuts we ll have de details later. caroline: fifa will vote for the next president of the body. several officials were arrested. manus: his former advisor has accused-of, quote, serious mismanagement. mark barton is outside the the headquarters in zurich. the vote is set to take place today. what way are the lobbies shaping up? mark: this is it manus, it s david vs. goliath. the brother of the king of jordan, the youngest fifa executive, the youngest vice president at the age of 39. the incumbent seth blatter four-time president. will it be f