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right now we need to get you caught up here and here are the top headlines with vonnie quinn. vonnie: alexis tsipras has run up the white flag. calling for immediate action to a with a bailout. plus, greece will have to transfer $55 billion worth of assets to a holding company. german chancellor angela merkel says it is about time for greece to take responsibility. angela merkel: trust has indeed been lost but we all know that what will the important is to implement what we have agreed on doing. vonnie: tsipras own party mutinied when he asked for the endorsement of a new austerity program. a new deal on the iran nuclear program could be announced as soon as today. negotiators want to stop iran from making nuclear weapons. any deal would still have to be reviewed by congress. senate majority leader mitch mcconnell told fox an agreement would be a difficult sell. the crowded field for the republican presidential nomination gets bigger today. scott walker will join the ....
also, a senate intelligence hearing in an hour. and the retail wreckage continues. sears is closing even more stores and macy s lowered guidance yesterday. talking about margins. but there might be a bright spot and the name is walmart. tesla stock hit an all time yesterday and where they might be headed with the model 3. first up, the president has chosen the nominee to be next fbi director as comey gets ready to testify on capitol hill tomorrow. our eamon javers is in washington. what a day for news. good morning, eamon. good morning. so christopher wray will be the president s nominee for fbi director one day before the former fbi director james comey is scheduled to testify on capitol hill about his interactions with the president. the president has selected somebody new. here s the tweet from the president just a few moments ago. he said i will be nominating christopher a. wray, a man of impeccable credentials to be the new fbi director. details to follow. wh ....
our road map this morning begins with the market moving on comments from trump on pharma, defense, automakers, what the news conference meant for investors. plus, trump s ally in the valley, peter thiel on the president-elect with comments on apple and the stock market as well. speaking of apple, new report the company is planning a significant move into original content. we will fill you in. first up though, futures moving lower a day after the nasdaq hit that record high. it was a rough day for biotech after shot heard around the pharma world delivered by the president-elect at his news conference yesterday. our drug industry has been disastrous. they re leaving left and right. they supply our drugs, but they don t make them here. they re getting away with murder. pharma, pharma has a lot of lobbyis lobbyists, a lot of lobbyists and a lot of power. there s very little bidding on drugs. we re the largest buyer of drugs in the world and yet we don t bid properly. ....
case got it wrong. nobody expected things to turn this thing this fast. the trump rally trademark is still available. nobody patented that, copyrighted that, it s still available. aren t you proud of the fact this show two days before the election, the day before the election, asked the questions over and over, if he wins, they control all houses of government, you at minimum get tax reform and less regulation, why would that be bad for the stock market? that question was asked over and over again on this show. i had to be called a jackass on twitter by a supposed colleague because i disagreed that the market would go down 1,000 points. by definition when this insane person with his finger on the button of the nuclear code, when he was going to be elected. we put up with a lot. we pit up with a lot to. there have been a lot of speculation about where this would all go. let s juxtapose the wisdom of the american public versus the elitist intellectual ruling class ....
what kuroda is going to do and how that affects the global bond market. we will debate the future of the fed s monetary policy with former minneapolis fed president gary stern. first, jon will bring us up-to-date on the markets. to the bloomberg, gear up for the session on wall street. in equities, no real drama. we are down about one third of 1%. the dax off by .4%. the real shakeout is having fixed income. let s move things over to that asset class. the long end of the jgb curve, yields up by eight basis on the 30-year. endntially it is a long selling off quicker than the front end. the idea as they the idea is that you place in more inflation, more stimulus may be, but more specifically, the central bank and the bank of japan may shift things toward the front end and allow the long end to selloff a little bit. in the fx market, the move is as follows. the dollar is stronger. up about .1%. dollar-yen has been absolutely whipsawed by what is happening. if you thought ....