Critical decision on whether to raise emergency funding for banks. Raising the toolbox. Beijing steps in with unprecedented measures to stem volatility. Thus its another erratic market with stocks giving you have gains. And the rolls royce issues a profit sharing. A new style of management. Okay. Lets get straight to having a look at what markets are doing in reaction to this surprise result in the greek referendum as you can see. Predumb pant thatly red in the to the stoxx 600. The declines 1. 2 . Perhaps not quite as big as could have been expected given so few people predicted the results of the referendum. And we had a similar reaction to the markets exactly one week ago after the announcement of the referendum. I guess the markets learned from their experience last week. They saw this was a knee jerk reaction and will focus on the early talks. Meantime, Yanis Varoufakis has resigned as his position as finance minister. In a statement, it states his absence could help the governmen
Elephant in the room. Thats how much more japan sells to the us than it buys from the us and thats what will dominate talks at the white house later today. Plus, its back greeces debt crisis returns to haunt europe. Can its lenders agree a new deal. Or will we have to add grexit to brexit . Welcome to World Business report. Good morning, britain, and hello, world. Welcome to the programme. We have got that friday feeling. If you are tuning in for the first time, stay where you are. I am only asking to ten minutes, that is all i have. I will give you an exciting snapshot of all the latest in a world of this the same money. We start in the United States, where you have in hearing that japans home United States, where you have in hearing thatjapans home minister, shinzo abe, meets with President Trump later today. Prime minister. Trade will be high on the agenda. Remember, one of mr trumps first actions as president was to withdraw from the I2 Nation Tra ns Pacific Partnership trade deal,
Coming up, the Morgan Stanley president. A bloomberg exclusive. David steve ratner will be with us. First, you have a check on the markets. Will there be a storm in the next 48 hours. Volumes low. Equities firm. 1 , theres up a 10th of s p 500 futures moving in a similar fashion. Eurodollar heading towards 1. 13. The fed chair and washington, d. C. , a point lower in 1. 7 , the rest in your yield. David lets check in with our bloomberg team. Guy johnson on the latest Market Reaction. Suzanne on janet yellen returning to capitol hill. A great lineup, a lot to look forward to. The referendum 24 hours away. Lets bring in the team. Guy johnson to talk about the Market Reaction. The poll say it is too close to call. Spread, really wide between the bookies and he pulls. Polls. Different indications when you look at the polls and where the money is going. We aret for more polls, expecting to see more of those. We have the Market Reaction, the strength in the pound, all of that is something di
We wrap up the moves and unforgettable second quarter. This is bloomberg surveillance. Im Francine Lacqua with tom keene in new york. I would suggest the markets want direction. Politicians in this country just want direction. The European Union is looking for a little bit of leadership. Tom i like what you did there with the end of the quarter. I do not realize that there is a Republican Convention in 18 days in cleveland. I do agree with you, we have almost lost track where we are in every institution. Maybe we will have some clarity. Francine mario draghi has not lost direction. Yes to look at inflation. He has to look at inflation. What central at banks need to deal with, maybe it is a little bit of the beginning that we are starting to see green. This is prebrexit. First lets get the bloomberg first word news with nejra cehic. Nejra in the u. K. , conservative candidates are making their pitches today to succeed David Cameron at the partys leader. The next Prime Minister, youre se
Speaking at a space summit, elon musk says he wants to build a city on mars. It is something we can do in our lifetimes and that you can go and is there really a way that anyone could go if they wanted to . That is really the important thing. It could taked between 40 and 100 years to create a selfsustaining civilization for as many as one Million People. So how does spacex pant to get us to mars . What kind of financing would a project like this need . Andessor of aeronautics astronautics scott hubbard. Incubatesis who space companies. Scott, i will start you. Do you believe we need to go to mars and why . Scott of course. I have been collecting reasons for the past 40 years. It is exploration. A he said, this could be hedge against future catastrophes. Emily do you believe we could face an extension event an extinction event here and we would need to go to mars to survive . Scott the dinosaur new day been come right . Needed a the dinosaurs space program, right . I am more interested