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Second in front of the a joint session in congress. The big issues are nexts as power lunch begins right now your portfolio taking a big hit for the second day we are right around session lows, the dow and s p 500 having the biggest drop in about five months as you might imagine, the socalled fear gauge is rising a bit today. And the story we told you about taking most of the Health Care Stocks down, hospital stocks are you want and other win is as well clorox, at t and Phillips Van Heusen are among the few companies in the green thank you im Michelle Carusocabrera. Here is what else is happening Hardy Davidson shares are dipping. The shipments lowest in six years. They expect a drop this year as well apple glassing the ios plan. Home prices surging ....
Profits. Living the stream. Comcast testing a new service, goldman upping netflix. And walmart takes on amazons 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. Its 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 dont 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 were going to give them a time out. It was financial potential fiveyear exit reentrance thats not agreed to by everybody. Its just punishment. I heard theres a big stake in greece wanting to extend the terms. ....
Lets take a quick look at the markets after a long weekend not after a long weekend. A week. Nasdaq up 25 points and the s p up. A longer weekend than usual. It was longer for me because i wasnt here friday. Here are the big stories. Greek banks reopening three weeks after they close. Capital controls remain in place including limits on withdrawals and no word yet on when the stock market might reopen. Although some are trying to play this with the etf and trades here. Increases in value and a tax agreed to on the new bailout terms have now taken effect on things like coffee and tea. Well hear more from Michelle Carusocabrera pulling double duty. Lets take a look at asia. It was another volatile session. The shanghai stocks closing higher. But closed up just shy of 1 . There have been a media report earlier in the session suggesting the government was studying how to end its bailout. Well continue to watch the ongoing vola ....
About north korea. Pyongyang makes a surprising offer. We have the world covered on bloomgberg daybreak asia. We go to washington for the latest on the u. S. And chinese Diplomatic Security dialogue. Later we have an interview with the chinese ftc president live from bangkok. Coming to you live from our bloomberg headquarters. It is that oil complex we have to be worried about. First it was wti, now brent crude heading into a bear marke t. Some opec nations are considering deeper out put cuts. And they have to extend those cuts even further. You can see that build up in the oil market. We have hit that moment where suddenly everyone is paying attention. Lets see how the rest of asia will be handing out. Be panning out. Flat on the index 50. Cash rate unchanged. Rates will not move for some time. Futures are positive after an ugly day on the asx 200. The aussie not doing much at 75 51. 82. T falling at 44 we will look at the a ....
Everybody, im kelly evans right here im here at the Stock Exchange weather central or something im Bill Griffith, energy still this is kind of a catchy tune, isnt it . Energy weighing on the market yet again today. Oil to a ten month low, you is that true earlier, health care has been a big winner today with a number of biotech stocks pushing that index higher. Were going to have more on whats behind the moves coming up here. Take a look at footlocker today. It could become the latest amazon victim. Nike is getting closer to selling on amazon. Another retailer should be worried with foot locker down 5 which one is it . Youve heard this story, this is unbelievable George Clooney selling his tequila business for 1 billion. Jeff cohen sitting here next to me he cant believe this. We have a special report on why tequila sales ....