Seemingly more stable usa. But on greece markets now well off their lows. Mary thompson what are people saying down there . While we are off the lows as you pointed out, dont get too excited and think that were past the worst of it we are not. The dow was down 166 points at the worse www. Point. Right now were down about 30. Vix which popped up 10 at the open is now only fractionally higher after pulling back. This that is a fear index we watch here at the new york stock exchange. The story remains the same. We are seeing a bid in gold a bid in the dollar and were seeing a bid in bonds today. Again, the concerns about greece continue to be at the forefront of traders minds but again they are waiting to see what happens tomorrow and throughout the rest of the week. China is also a concern and weighing on the markets. You can see that reflected in some of the weakness we are seeing in the Energy Sector down on concerns about a couple of things. Of course we had a higher rig count here in
Tate andtsot al check thi o a, usasaa we won the world cup and a superstar her name is carli lloyd. And first thing weve got to do, guys lets check the big board. 158 points at one point last night. Almost 300 points its going to be a treacherous start to the market. Weve got it covered for you. And remember oil trading in a range 58 to 60 gone. And not just greece but maybe china as well and were about a flight to safety. First, lets check on cold. Not up that much. Its not the doomsday scenario that we thought it would be at least not so far. Theres a flight to safety. Take a look at the 10year yield when the world goes to hell in a hand basket yielding 2. 3 . Lets go to the man himself. Doing amazing work out of athens. Ashley webster. Ashley thank you very much charles. You can be my agency by the way. Listen, listen. [laughter] what happens now. Now to the excitement of the no vote has died down and the reality is will the eu be able to find some sort of Common Ground with greece
Corporate funding is provided by mutual of america designing customized individual and Group Retirement products. Thats why we are your retirement company. Additional support is provided by and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios in Lincoln Center in new york, hari sreenivasan. This is pbs newshour weekend. Sreenivasan good evening and thanks for joining us. Im hari sreenivasan. We start with greece, where officials are projecting that more than 60 of voters have rejected austerity measures proposed by creditors. Crowds are rallying in the streets, celebrating the early returns. The no vote means greeks do not want to make the deep budget cuts in order to get emergency bailout money as the nation falls deeper into debt. Greek Prime Minister Alexis Tsipras said that quote the mandate asking call for a break request europe but rather gives me greater negotiating strength. Joins u
Leadership meeting in brussels which is still under way. We are going to take you live for all that. So many concerns yet seeing this rally. If we stay at these levels will probably be the biggest singleday reverse ideal in four years. Economist Thomas Piketty has a message for Angela Merkel. He says history will remember you for your actions this week. Hell join us live in a few minutes to explain why he believes not helping greece would be hypocritical. The big banks unveiled their living wills. These are the plans how they would handle bankruptcy during a crisis thats mandated by dodd frank. Dick bove will join us to tell us why he believes these wills are a negative for the u. S. Economy and calls it a dumb idea by the government. Another positive fitbit rating. Well talk to the analyst behind that call whether the company has already gone too far, too fast. Im not making fun of his name, but what is the analysts name . Will power. I love that. The fitbit analyst name is will power
But Bernie Sanders. China its a huge day around the world and Varney Company is go to begin. A lot of tension and happening around the world thatc1 a lot of tension and happening around the world that will influence your income your 401 k and a lot of other things like commodities and on that note lets take a look at oil. Down more than 10 , were less than a week into the month and dothing again after being up a little earlier today a lot of news coming out of iran that could make that go lower or higher. Lets take a look at gold in the traditional safe haven, its down 15 at 1157. The ultimate i call it the safety if you will our yield. Obviously money pouring into u. S. Treasuries once again, dothing six basis points 2. 22 . Its amazing the last two weeks out of greece and Ashley Webster with the latest from athens. Ashley. Ashley hey good morning to you charles. Wel157 we continue to wait to see what happens in brussels. The greasis are b10ng asked to give a new proposal on how to ta