will determine whether the country gets a new bailout. prime minister alexis tsipras is counting on members of the opposition to get the plan through. last night the prime minister said he agreed to the deal only because he had a knife on my neck. the result of the euro summit and the eurogroup was the result from the pressure put on a country and on a people who have decided to go in different way. vonnie: a new report questions whether greece can deliver those economic reforms without debt restructuring. in china, better-than-expected news about the economy did not boost investor confidence. the benchmark shanghai index fell. earlier china said second-quarter gdp rose at an annual rate of 7%, which beat estimates. china s central bank has cut interest rates four time since last november. the fight over the iranian nuclear deal has shifted from vienna to capitol hill. negotiators said the agreement would prevent iran from building a nuclear weapon. but hours after the an
from one year ago. investors are waiting to hear what janet yellen has to say about interest rates and other things. a couple hours from now, the fed share goes to the capital for the first two day of testimony on monetary policy. it will probably last week, they said it would probably best to raise interest but they may not raise until early next year. you can watch it live starting at 10:00 eastern time on bloomberg television. the prime minister of greece is counting on opposition parties to come to his rescue. the greek parliament is in session and set to vote much later today on a deal that would be to another bailout. matt: alexis tsipras faces a revolt amongst members of his own party. obviously, he does not like tax hikes from his television address yesterday that they have already committed to the reforms. tsipras said greece was left with only two options. we were made to go against the most powerful people in europe and we had two things on the table. first, sp
corridor that australian authorities have been searching. one is 24 meters or about 75 feet in size. the other is around about five meters in length or around about 15 feet in size. now, the officials say that the objects are indistinct, but they say that they are credible sightings and they have been what they call awash in the indian ocean. this is located in a very remote place of australia where about 2,500 kilometers or about 1500 miles off of the coast of australia. it s very hard for aircraft to get to that particular part of the ocean. four hours flying time and officials say that the aircraft has about two hours worth of fuel out there before they had to turn around and head back to the mainland before they can recommence their searching. authorities also saying that a cloud and rain is making visibility tough in that part of the ocean at this time. we also heard an update from a malaysian transport authority who was speaking in the last 30 minutes, cautioning agains
much, waiting for the jobs number tomorrow. 6.4% on theing for unemployment rate. and it s time for the big three stocks to watch in the let s talk about a couple up and a couple down. yum brands up today, upgraded will stopbert w eric analysts are optimistic about a rebound in china. they ve faced a lot of challenges there, particularly with it kfc business. costco not doing well today. .issing analyst estimates what it did like everybody during the holiday season was offer a lot of discounts, but it wasn t enough to drive traffic. the traffic there was, number was depressed because the stock was offered for less. so those shares are down 2%. but not as bad as staples. the company seeing more sales declines and forecasting sales will fall additionally in the next fiscal quarter and they re closing about 12% of their stores and has a plan to save $500 million over the next several years. so you think there will be sanctions for russian for russia coming out of the europ
the president obama calling karzai s bluff here? well, you know, you might wonder that. you might think that he s plague sort of a game, but let s remember, the president of the united states statement about all of this, seen and heard by al qaeda, by the taliban, by the taliban over in pakistan, in that safe haven. it doesn t get more serious than this. what is going on is hamid karzai has made clear, publicly, he will not sign the essential security agreement that the u.s. needs to see in place to keep troops there after 2014. without that security agreement, without that legal framework, there is no choice. u.s. troops have to leave at the end of 2014. the president of the united states, out of patience with karzai today, after talking to him, seeing that he s not going to side, the white house was ready to go with a press conference, saying, okay, now the president is ordering the pentagon to plan for that zero option. no security agreement, no legal framework. the u.s