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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, don t get too excited and think that we re past the worst of it we are not. the dow was down 166 points at the worse www.point. right now we re 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 we re 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 ....
we ll see if the fed numbers have any effect. in our road map this morning. tesla slapped with a downgrade on valuation. we ll hear about the company s future from the ceo. microsoft set to cut more jobs. and apple watch sales plunge 90%. we ll run through some of those numbers. first, futures are up sharply. steps by chinese officials to stabilize markets and restore investor confidence failing to start the slide. a lot of the trading, brokerages people are obviously upset. companies are being asked to buy their own shares in the national interest. it s getting interesting. i think that it s terrible. i think that i want to be really clear about this because panic is a bad, not a strategy. someone was saying on twitter, is it a falling knife? this is 100 signwayteinways coming at you. and this market is a little bit bigger than we thought. it s only 40% of the gdp but there are some horrifying statistics and these numbers are all phony. 74% of the stocks aren t e ....
profits. living the stream. comcast testing a new service, goldman upping netflix. and walmart takes on amazon s prime day as amazon takes on black friday. a deal in greece after all night meetings. they have reached an agreement to keep greece in the eurozone. a lot more to still be worked out. it s up to greece to implement and exercise the austerity measures. austerity measures that the people voted against and are now going to get even more than they thought they were going to get the first time. this is a horrible deal for greece. this is the price to pay for staying in. i don t know if you caught the merkel press conference this morning. it was at 3:00 a.m. and it was bad. why? she just told it like it was. said we re going to give them a time out. it was financial potential five-year exit reentrance that s not agreed to by everybody. it s just punishment. i heard there s a big stake in greece wanting to extend the terms. i listened to a leader o ....
ten-year down. oil is down as the u.s. reaches an risk deal with iran. it would be the largest chinese takeover of an american company ever if a reported $23 billion bid for a technology company is for real. and first up the u.s. iran and five other major powers reached an historic deal this morning. the agreement eases some sanctions on iran. oil prices down on that news. brent down nearly 2%. this is the president announcing the deal early on this morning. i welcome a robust debate on congress in this issue and i welcome scrutiny of the details in congress. but you don t make deals with this like your friends. we negotiated arms control agreements with the soviet union when the nation was committed to our destruction and the agreements made us safer. this deal will meet the national security interests of the united states and the allies. i will veto any legislation that prevents the successful implementation of this deal. some of the safeguards go 15 to 20 yea ....
contest after the stock is up you re 100% right. we brought the stock high 40s and 50 and the stock went up to 80 and they re pounding their chest on tsr that it all occurred from when we got on the stock, but they were taking credit for it. now they have to take credit for it again. are there areas that are just off limits for you guys? i never see you come in on a tech companies even though there are tech companies that are loaded with cash but seem like the management isn t that strong. nothing you want to do? when you put 20% of your assets in a business you want it to be a stable, predictable business. most technology companies are too dynamic. you wake up and there s a couple of guys in a garage or women and they re starting a new business that s disruptive. if you look at the kind of businesses that both of us like we like businesses that can withstand the test of time. i try to stay away from things with things i can t control. we like businesses and i ....