good morning. welcome to the pulse. we are live from bloomberg s european headquarters. francine: to our top story, the ecb turns the screws on greece. the european central bank announced that it will restrict loans to the nation. guy: that announcement came just hours after the greek finance minister met with the ecb president, mario draghi. varoufakis meets with wolfgang scheibe today. joining us now is hans nichols in berlin. this could be the meeting that everybody has been waiting to hear about. we thought draghi was going to be interesting. scheibe is going to be fascinating. hans: he is going into this meeting and they appear to have consensus from their european partners. that is that greece should potentially stay in the bailout program. and if they leave, they will be consequences. they are not going to be able to use greek debt as collateral with the ecb. that is going to drive up there borrowing cost. they may face a liquidity crunch. what is greece s plan? even
election, you are making political statements that are consistent with the democratic party. yesterday yellen strongly criticized the proposal that would allow the fed additional audits. sales of homes did slightly last month. the 481,000, hovering near at six-month high. the northeast of the biggest drop since 2012, the lovely weather probably had a big impact. the midwest of the biggest enough 19%. the west dipping slightly in itself up 2%. uber plans to hire hundreds of people in china this year. this comes after the two largest chinese rifles merged. meanwhile, starwood the writers will get points to the hotels that include the saint regis the w, western. the first partnership or ub er.greece won a four month bailout package. creditors one actions will speak louder than words. the greek finance minister has just spoken with erik schatzker in an exclusive interview. i hear they are talking about whether greece will be able to make repayment. despite problems and the
i m guy johnson. francine lacqua is on the other side of the pond. she will be back monday. two of the biggest names in tact going head-to-head today with the launches of new products. samsung debuts its galaxy s6 and s6 edge, both being launched in 20 countries including the u.s., u.k., and germany. meanwhile, preorders begin for the new apple watch. take a closer look at this new products. three new products, i guess. josh and helen smathers managing director. josh, let s start with you. you got your wrist on the new watch. premium product? josh: absolutely. apple is positioned the watch almost entirely as a piece of jewelry. what they want to talk about is materials, the process. this is about as premium as you get in electronics. guy: the whole process seems to be moving upscale. we are looking at a story that is increasingly driven at the high-end by lux products with nice material. the rest of the world is not going to be buying this. they are buying middle to low and a