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Welcome to Market Makers, i Erik Schatzker. I am e stephanie ruhle, great to be back. Too, i had some great times last week. Alix steel sat in your chair. Almost as amazing as kanye west. Sitting next to me last week. It is a new week, lets kick it off. A busy news morning. Breaking economic news, existing home sales for the month of may are out. Who better to break down the numbers then michael mckee. What is the word . Whendont know whether you shopping for good news, existing home sales up more than forecast. 4. 9 for the month to a 4. 89 million annual sales rate. That is the best so far this year. Remember we were talking about how every buddy was buying condos and not singlefamily homes, that flip. Singlefamily homes up 5. 7 , condos and coops unchanged. Maybe people coming back into the markets right now. Numberting aspects, the of homes for sale, the mother supply fall ....
Phil mattingly reports on Central American leaders white house meeting with president migrants at the usmexico border. We look at new products from starbucks. And if we follow gaza and ukraine. The death of alan is greenberg. He was ceo when bear stearns collapsed ring the 2008 financial crisis. He died today of cancer, here in new york city, at the age of 86. Heres what greenberg explained what he thinks happened in an interview from 2008. It became an avalanche of people. It fed on itself. Im not saying anyone started a malicious rumor to put us out of business. Im not going down that road all. I dont know. Cani know is that a rumor start, and again turned into itself filling prophecy. Thats certainly what it did with us. It almost did with merrill lynch. It almost did with Morgan Stanley and goldman sachs. Cohen. S bring in bill his book house of cards, chronicled the fa ....
Stephanie ruhle reports live from the bloomberg sports business summit. Yang yang is in washington as workers across america protest low pay at fast food restaurants. We begin with Ryan Chilcote in south wales with details from the nato summit. Good evening. Good evening. The crisis in ukraine has dominated this summit. The president of ukraine has been seemingly everywhere at the summit despite the fact that the country is not a member of nato. He even managed to get himself in the nato family photo. Hasmost remarkable thing he done here today is that he has prepared to introduce a ceasefire as of 7 00 a. M. Your time tomorrow if some peace talks go forward. That is a big if. Say about theato prospects of a peace deal with ukraine . They are very, very skeptical. We heard from the u. S. Military commander here. Putins keysdent plan is not credible. The idea that the russians dont have the enforcers in ukraine is laughable. Russias ....
The august jobs numbers. We begin with Ryan Chilcote in south wales with details on the nato summit in the ceasefire in ukraine. The nato summit wrapping up. Handful of numbers hours into this ceasefire. Petro poroshenko thinking we have a deal. Why should we think its different this time . The most remarkable thing about this summit was isi Petro Poroshenkos announcement that we have this ceasefire. You have a member of a a nonnato country dominating the headlines. He thinks that he has a decent shot. He has already constructed his army to follow this ceasefire. There appear to be some problems. You have thousands of people on the ground in Eastern Ukraine with weapons. Prorussian rebels. And the ukrainian military. It will take a while to unwind and get the ceasefire in place. We have been here before. The last time ....
Stocks and stories making headlines today. Michael mckee explores this question. Why has Consumer Spending fallen . Begin with bill mattingly in washington as president Obama Asks Congress for 500 million to arm and train rebels in syria. What is this all about . Its about moderate rebels. The bottom line is, they finally feel comfortable with the cia vetting process. That has allowed them to go to congress with this request. Another important aspect that you really cannot ignore here. Isis is coming from syria. They have made their place interior right now. At the administration looks at that and recognizes we have to do something. Arming the rebels is the first and most important thing they can do. Is just thesal first step. How long until opposition rebels see the weapons . We assume they are moderate. Somebody can tell if they are moderate. How long until they are ....