leaders are meeting for an emergency summit on greece. markets and policy makers are optimistic a deal could finally get done this week. what do the stealth bomber having, or, the training simulators are all made in orlando, florida and they are branching out into commercial flight training. mark: health insurers are about to get bigger thanks to a wave of consolidation by obamacare. who will be left landing -- standing? betty: good afternoon. i'm betty liu. look att's begin with a the markets. wall street is joining global markets in rally mode, stocks rising on speculation greece will reach an agreement with its creditors before the deadline.

the s&p 500 in record territory earlier. the markets were higher than they are right now. they are pulling back somewhat. industrials and nasdaq up about two thirds of a percent. its biggested for decline amid speculation the greek debt talks will yield results. gold is trading down 1.4% at this hour. and crude oil is down for a second day, concerns of a supply boost from iran will add to a global glut. a quick check on bond markets. a bit of a sell off with the risk on trade happening around the world. the 10-year yield at 2.36%. markets, we have .een a stronger euro

against the dollar. the dollar stronger as well as rid. some of the top stories. ending this download over greek aid. the prime minister offered a new plan that would raise taxes and and early retirement options. the offer came hours before european leaders arrived for an emergency summit. the head of the finance ministers group sets it is not per to need to get a deal for this week. -- says it is an opportunity to get a deal this week. need to see whether it adds up in physical terms, whether the reforms are comprehensive enough for the economic recovery to take off again. betty: hans nichols spoke with the vice president about that timetable. we are not there yet. there is still further work to be done before we can reach an

agreement. we need to work intensively. we are ready to work intensively in order to reach a deal this week. toty: great banks are trying slow down budget in on deposits. the financial times has walk-in customers are being limited to taking out about $3400. sales of existing homes rose last month is the highest level in five and half years. sales were up 5%. shares of first-time buyers matched the highest level since september 2012. the prospect of higher interest rates may be driving though sales. mark: anthem is not budging. it is reiterating its offer for cigna. they are offering $184 a share in cash and stock. cigna has rejected that did calling it in adequate. forem said it had made offers this month. anthem chief executive officer joseph swedish says he does not

see any regulatory issues hindering the deal. there is ave consensus of where there is overlap between our companies and that no antitrust or issues are present. that would prevent completion of the transaction. point isajor sticking would lead a combined company. swedish wants to stay in control for two years. the sickness ceo says anthem has not sorted out its growth strategy. there is also a snag over who would ride -- oversee the company. is a discount to the closing price. risenme decor company had 37% over two days. martha stewart has made a commitment to be the creative chief. sequential is a branding company that owns the jessica simpson and ellen tracy lines. betty: the supreme court has

rejected an appeal by google. google has been accused of infringing patents. the ruling will allow the suit to go ahead. street view allows users to view an address from many different angles. the supreme court will not hear an appeal from the trustee trying to recover $4 billion for victims of the ponzi scheme by bernie made off. the justices let stand a decision that locked the trustee from recovering $2 billion. a court ruled customers who protectedayouts were under bankruptcy laws. that is a look at the top stories at this hour. coming up on the bloomberg market day, the u.s. air force has a state-of-the-art simulation center that he uses for training fighter pilots. we will take you behind the scenes of virtual warfare. betty: and looking at fifa

gender problems. why a battle of the sexes is brewing on the soccer field. mark: cap into the market for education in china. the challenges of teaching students who are 7000 miles away. betty: european leaders are brussels holding marathon discussions on greece. met: finance ministers today. hans nichols has been covering the story and he joins us now from brussels and from rhode island, professor nicholas burns, a former to greece. hans, what is the status of the stocks? -- talks? to thehey have shifted leaders. the leaders are heading into a meeting. everyone is cautiously optimistic you could have some sort of the beginning of a deal. that is not to say you have

anything close to a final deal in part because the creditors, germany, want to see some sort process, and for that, they want the finance ministry out of berlin to signal, they want to see me a sign of good faith from the government in athens and that means a vote in parliament. that could be one of the next steps. in terms of the technical aspects, they need to make the math work. if it does, we will be back on thursday with potentially a deal. there is a long way between then and now. now and then, excuse me. betty: there is. professor burns, is this going to pass muster in greek parliament? prof. burns: that is a big question. it was always probable the greek government would have to compromise. it is not in the interest of the government to see an exit by

greece from the eurozone because that would be injurious economically and it would be risky for them politically because they might lose power. so if this requires a vote in the parliament, there will be a mini rebellion within the prime minister. he is a pragmatic member of the alliance. there are radicals to his left that do not want to see compromise with the europeans and the imf. i think it will be a risk. it may be a necessary fix because the greek government has frustrated the europeans, particularly the germans. they have not put forward any serious proposals over the last couple of months. that might be the test, a vote the europeans insist upon. mark: there has been concerns and talk that if a deal is not reached, it it could spell the end of the euro and it could

mean a contagion throughout the continent. i was wondering if we could get your thoughts on that. prof. burns: it would be rash to predict that. seem to have convinced themselves they could sustain an exit by greece. they have talked that way. it has been an element in their psychology with the greeks. i think would be too much to say this would lead to a major crisis in the eurozone. it could happen. be able to manage in a fit by greece. that has really taken away the leverage the government felt it had. they felt in the end the germans and the ecb would compromise. that did not happen. what you have essentially seen in this giant game of diplomatic chicken between greece and the eu, you have seen greece compromise. betty: that is a great segue back to hans, when you think

about it, how is angela merkel, how is francois hollande positioned going into the stalks? -- these talks? tos: merkel might have expend political capital to get an extension of the package. if the package is written by , these areel creditors that want to see greece complete their second bailout program. if they do that, they will have a heavier domestic lift on a third bailout package which some sort of overall debt write-down. the debt to gdp level in greece, even the imf, it is unsustainable and you eventually will need that. the challenge is before that, the greek government needs to show signs of good faith.

that is what everyone in brussels this morning, this evening, think they have heard. finally sign of good faith in a concrete proposal that the numbers can be added to once they score and then they can figure out if the math makes sense. mark: i would like to ask a pedestrian question. how did we get to this point? we saw this coming. why did creditors continue to lend greece money? why was greece continuing to spend money it could not pay back? there is oneif less than the europeans need to reflect upon from this crisis, it is whether this insistence on austerity is the right policy and whether or not it is sustainable over time. the other major theme of the european union's countries have to play by the rules. that is why they insisted they make a compromise and deliver on

reform. the first point is going to anger. the spanish popular party is raising it. certainly in france and italy. that is one of the issues that is going to linger past these negotiations. should they be less stringent for those economies that are on the brink of ruin. greece is on the brink of ruin with unsustainable levels of debt. i hearing you say the austerity measures went too far? debate the: it is a europeans are having right now. you are seeing it play out in politics. it has been a debate for several years. the germans have not relented. that all members of the eurozone need to meet their commitments. greece was not doing that. if they can have an agreement this week and greece will be, stay inside the eurozone, and this crisis can be overcome, i

think this debate on the future of austerity is going to come back to european politics. burns, former u.s. greece, and hose nichols, joining us from brussels, gentlemen, thank you so much. ahead.much more we will show you some of the advanced training simulators. that is next. ♪

betty: welcome back, i'm betty liu. take a look at what

is happening with the nasdaq today. ramy: that is right. it is going gangbusters. , a newvious record high lifetime high. the nasdaq has led the way, up 9% in 2015. the s&p and dow are up 3% and 1% respectively. facebook is helping to push that index higher. 2.5% higherouching right here. the highest in the past two months after piper jaffray raised to their price target. that is currently the highest price target on the street. towards expect a shift virtual reality in the next 10 years, which facebook is well covered because it owns the oculus rift. netflix is touching above its acord closing high after monster adjustment to its price target, from $600 to $950.

well above the current share price. the reason is netflix can go far beyond the 50 million domestic subscriptions it has. timing into my bloomberg terminal, we can see the rise in those subscriptions over four years, since the fourth quarter of 2011. subscriptions have risen 93% through the end of last year. a mastic.st netflix plans to expand around the world, including japan, italy, portugal, even cuba this year. netflix could hit about 240 million people by 2020. all of this up and up, one loser, semantic. ubs about 1.5% after downgraded the stock to a cell and cut his price target down to $22 a share. the easy money has

been made in cyber security stocks. shares are suffering the worst two-day drop, around $23.69. mark: netflix, house of cards, house of money. betty: there you go. looking at the top stories, russia says the european union is only hurting itself. foreign ministers have extended sanctions against russia for six months because of their support for rebels fighting in ukraine. russian foreign minister says it could cost europe millions of jobs, including limits on trade and investment. ash carter says the u.s. will contribute an array of weapons, aircraft, and commandos for the rapid reaction force to help europe defend itself against russia from the east and south. carter announced the contribution after meeting with defense ministers from germany, norway, and the netherlands.

the u.s. is committed to the defense of europe. a navals launching operation to stop human traffickers in unseaworthy boats. 100,000 migrants have entered europe this year. 2000 are dead are missing. dozens of boats are launched each week. that is a look at the top stories this hour. last week the senate passed a bill that would authorize the air force to buy more fighter jets from lockheed martin. the program includes state-of-the-art mission simulators provided by law key. mark: -- lockheed. can experience fighting the machines. cory johnson traveled to orlando, florida to take some flying lessons. cory: before our troops are supported, -- the plate, the

latest technology is deployed to simulate the sound and movement of combat. blurring the line between practice and the real thing and all of this tech emanates from orlando, florida. single persont a that has deployed over the last 12 years to afghanistan or iraq that was not trained on a device that was conceived and delivered from here in central florida. cory: all four branches of the military located here in central florida. baptiste heads of the center. >> they are able to suspend disbelief. cory: lockheed martin has been building simulators for 30 years. sales was generated by the training business.

the f-16 simulator helps pilots get combat ready at a fraction of the cost. each hour of training can cost 10,000 dollars, a simulator, just $1000 an hour. >> we have replicated the function of the aircraft so the private can train. the army is getting a lot of money for simulators, like with a 360 degree environment so a soldier can see what it's like to be in the field. contractslf of the went to the army. designers are starting to work with virtual reality, and other tech tool to make simulation seem like the real thing. that was cory johnson reporting from orlando. genderup, fifa's

problem. how the battle of the sexes is brewing on the soccer field. we will be right back. ♪

welcome back. i'm mark crumpton with betty liu. betty: the battle of the sexes is alive and well and on the soccer cap. the u.s. women's soccer team will square off against columbia and in the world's women cup, women leaks is not as well-funded. some teams are arriving without resources.

here is a tweet from the u.s. coach who needed to send up an sos. "i need help. they sent a team with $500 total and no equipment or transportation from airport to hotel." could boost to the profile of women soccer. clearly there is a lot of ground to cover. the reaction we have had when we went to commercial, the full screen that showed what happened in 2011. this is unreal. , afters that the women winning the world cup, the japanese women soccer team flew and coach and the men's team flew in business class. japan, the gender disparities are wider than they are here. mark: what we finding with the the games aret of being played on artificial turf.

the men would never stand for that. we still have not gotten an explanation for that. betty: it comes down to what, mark? the money. so the men bring in the money. the advertising dollars. unfortunately for the women right now, they are not bringing that money in. they are not being treated fairly. it is appalling. mark: what message are they sending to young women? you are out of here. betty: thousands of people are gathering in at ends outside of the greek parliament as officials are ironing together a last-minute debt deal. mark: more on the story when we return. ♪

mark: you were looking at a live picture in athens. thousands of people are gathering outside of the greek parliament to show support for

the country's future in the eurozone and the european union. the latest in a series of peaceful protests that have been organized by people friendly to the government's anti-austerity. a breakthrough could be in the talks in brussels between greece and its international creditors. welcome back to the bloomberg market day. i am mark crumpton. here are the other top headlines at this hour. new york state police say a search for new york state --loyees knew the border escapees near the border is over. who resembled them more seen near a rail line. the inventor of a popular's popular spiderman

went shooting joy cannot keep reeling in royalties now that thrown out -- run out. a licensing agreements cannot pay royalties what the patent and, but they say you up to congress to change patent laws. the high court also says it is unconstitutional for the federal government to help reduce supply and boost market prices. be ruling is a victory for the farmers who claimed they were erang money under a 1940's program they called outdated. they were fine for trying to get around the program. doubling is more than the size of its loan program for coffee farmers. it is aimed at helping to

maintain the supply of ethically sourced coffee. those are your top stories of this hour. coming up, the bloomberg market day. britain's elite eton college plans to tap into the target for education in china with a program on modern leadership. we will look at the challenges teaching students who are 7000 miles away. latestlso have the very on greece, european leaders hold an emergency summit in brussels. we will get insight from the founder and president of the eurasia group. we will also look at why rents are growing faster than on the east coast. we have been following the $47 billion offer to acquire cigna. they reiterated their bid and hosted a conference call to stress that they would be willing to suspend current share buyback plans and think of

bigger role for the cigna ceo to get the deal done. why is this deal so crucial? jason willong and intelligence. for being here. talk to us about not only the importance of this deal as it relates to cigna and hand them, but the overall site. >> thank you for having me. the major importance to end them is they could expand their health plan members across the country and gain a skill by doing this. they would end up becoming the country,nsurer in the having 53 million members across the entire united states. mark: one of the major sticking points of getting a deal done? is what ishe biggest cigna's management going to be doing after the conclusion of a deal? offered, that is being

it is a pretty high premium. there is a lot of synergy that is happening there. it gets and them into a lot of states they are not in. issue isiggest that these are established companies who have their own strategies that have been around for a long time. cigna is saying we have our way of doing things, we do not think you are doing a great job at anthem, and unless you're going role fortee a serious our ceo and senior people, we will not do a deal. me about the cigna executives, what will they play? >> that is what is up for discussion. court army, the ceo is cigna, there has an discussion that he would stay. he would be in coo at other jobs. he says he wants more than that. you are talking about prominent

companies combining, and there are some egos of play that are going on as well as a lot of money. we are taught about $47 billion as a potential combination. talk to us about the competition in the health care sector. why are we seeing this now? we have not seen major deals in the space since 2012. and them and at no that were the two major companies that did deals that were about $5 billion and $4 billion each to expand their presence. since then it has been fairly quiet. we are two years into the affordable care act, and the fact that the companies have a lot of cash on their balance sheet, and they have a little bit more in terms of freedom from a strategic perspective on the cost of the affordable care act, they have the ability to go and do some big deals. mark: what about regulatory issues?

is the hurdle to hide? -- high? >> one thing that is very important to know about how insurers operate, this is not like retail. a lot of these big five insurers are actually only in a handful of states. and then operates private insurance that they sell to businesses and individuals in 14 states. allow them toould be in arizona, oklahoma, and these are regional businesses and there is expansion to be had. multiplehem has made approaches since last year. there is no guarantee a deal will be done. >> that is right. one of the reason that cigna has wished back is that fans said we have over 10% appreciation in the first year, and that could double in the second year. there is clearly someone will we knowterms of saying that you can actually up the amount of stock allocation, plus

the proportion of board membership that could be in play as well. there's a lot of synergy that could come back and help them, giving cigna that leverage. mark: we're not just talking about health care companies, hospitals are doing this as well. insurers are sitting around, saying we are going to buy health care services for all of going to thewe are contract in certain doctors, certain hospitals. in the bigger they are, the more leverage they have. we have one million people in the new york metropolitan area, you want to be in our network or else you'll miss out on these patients and the more power you have to negotiate, doctors and hospitals do the exact thing -- same thing. they say you will pay us more because we have all of these hospitals you need for your patients. mark: thank you for joining us.

still ahead on the bloomberg market day, one of written's most exclusive schools is offering online courses to students in china. that story is next. ♪

mark: welcome back to the bloomberg markets day, let's get a check of the markets on this monday. but itin rally mode, looks like we are all of the highs earlier in the session. >> stocks are off a high of the day, but they are still rallying. as dow jones jumped as much 160 point, but right now it is

about 18,108. the nasdaq is added new record is optimism over greek debt talks and some new mergers are giving the market a boost following europe's lead. as a broad-based rally. the terminal function if you haven't is imap. sectors in the green, with energy, health care, and financials leading the way higher. utilities just negative after being higher for most of the day. looking at financial specifically, jpmorgan and goldman sachs are the two -- best performers in the dow today. citigroup also up. they are seeing a gain of 1.3%. i wantmajor indices gain to check on gold which is headed the other way around. it is now down.

4%, it is headed for its biggest decline in almost one month. this is off speculation and hope debt ise greek headed for a resolution which would be less demand for this safe haven. interest rate increases could be slower. mark: thank you. now let's take a look at the market close in europe. mark barton reports from london. mark: what an extraordinary day. there was definitely something in the hair on the day of this emergency summit in brussels. every single western european stock market niche the day higher. there are some astounding staff in germany. the dax, the biggest gain in three years. spain, biggest gain in three years. in london, biggest gain in a

month. day when this seems almost small. there is the biggest story today. and look at some of the moves by the biggest gainer. wasn't all about greece today, because the french telecommunications sector was on fire today. look at the big movers. billionaire patrick buy in a deal over 10 billion euros. them tosive talks with acquire some of this asset. an incredible day for the

european stock market. i want to finish on that note. this is the euro stoxx 50. this is the benchmark index of european blue-chip shares. on the day of this emergency summit where dutch finance minister said there is a chance a deal with greece could be struck this week we saw the biggest increase for three years. every single stock rose 2% or more. there is definitely something in the air. i'm not sure i could take it. the chinese market will reopen tomorrow after a three-day holiday. we saw the worst weekly selloff last week for the shanghai composite. we have the story from hong kong. >> chinese markets were shot on monday, a lot of investors will be following the re-open after a very bad week last week and a 13% drop over five days. is reason i mention that

that investors are very heavy on the retail side. that we'red comments likely to see a bounce back up. that would merely be a technical bounce because this is the biggest test of the chinese bull market so far. to the top stories crossing the terminal at this hour. they south korean automaker is close to a sponsor with the national football league. hyundai would replace general motors. gm ended his association with the nfl this past year. rate united states faces colombia not get round of .he women's world cup tonight the colombians have an upset over number four, france in the tournament. australia, france, and canada have advanced to the quarterfinals. they all won their necromancers

-- knockout matches on saturday. next up for the canadians is either norway or england in saturday in vancouver. ben bernanke is weighing in on plans to drop anil hamilton -- andrew hamilton from his featured spot on the $10 bill. he said dumping andrew jackson from his place on the $20 would be better. iswrote that adding a woman a fine idea, but it should not come at hamilton's expense. views on central banking, jackson would probably be fine with having his image off from a federal reserve note. would not disappear from the redesign $10 bill, it might printed to bills, one with hamilton. that is a look at the top stories from this hour.

following the lead of harvard and m.i.t., even colleges breaking new ground in the world of online education. britain's most exclusive boarding school looks to expand its brand, first stop, china. this is no small deal. >> this is their first e-learning initiative, and they are coming up with a tech firm -x, their online brand. in addition to famous authors and act errors, ian fleming for , theyce, and damien lewis have graduated prince william. they get told to 15 hours of on

the ground teaching in china. the distinction here is that they are not talking about college --xisting in eton college professors, they trainedg eton students. to involvegoing fewer than a dozen schools in china and it is not free. is about 700 pounds or student is equivalent to about $1100 in u.s. dollars and vessels perfect because as you will recall: we talked about how to write education in the united states has gone to brazil. eton is doing that to china to capture that middle class. no one in china can resist paying up for the education. mark: i wonder if they would pay for anything think it is watered down.

you have a one-on-one with the professor, you have that debate and back-and-forth about issues of the day. in this particular blended learning model, there will be an online component but also something of the local school in china. they are trained great the best of both worlds for now. joining us to talk about greece, the 11th hour we have been talking about for five years. mark: it is groundhog day. scarlet: absolutely. june 30 is the deadline for greece and the deadline for the iranian nuclear talks. it has gotten lost in the shuffle with so many people fixated on greece. mark: we saw that large protest outside of parliament in athens. people there are big supportive of the government. point to see how far this goes. as you said, back to the 11th hour one more time. shot in the live

athens. our coverage of the situation in greece continues. the deadline is june 30, and we are going to see of greece can avoid going into default and what ramifications that will have for the rest of the eurozone. ahead, she is been named one of the most influential people in the world, and one of the world's top computer scientist. marilou jepson tells us how she learned to code. ♪

mark: welcome back to the bloomberg market day. i am mark crumpton. bloomberg businessweek recently devoted his entire issue to coding. a 38,000 word article about why everyone needs to learn at least some code. with that in mind with and talking with some of the top minds in technology to find out

about their early experiences. today we hear from mary lee, the cofounder of one laptop her child, and now an executive with these books oculus. my first line of code. ♪ >> what excites me about the future of technology? i'm really excited about only devices, ofof the the computers, and just communicating directly into thought alone. i have done some work in this area, and i think it is closer than many people think it is. is marilou jepson. i am known for my screen and optics and 3-d design, but i'm probably best known for cofounding one laptop per child, and creating the hundred dollar laptop.

my first computer was an apple ii plus that came out when it was about 14 years old. your smart phone is more powerful than that computer by far. it was so cool because you could slide the cover off and you could figure it out by breaking stuff, putting it back together again. it was a very expensive computer, so i wasn't really touching it. but sometimes when they weren't around -- [applause] [laughter] my first line of code was hacking a version of palm and changing the smiley face on the ball. i had no idea i could change what was on the screen. i changed 10 lines of code, and whole game.e

a friend of mine says when you look at somebody's code it is like looking at the inside of somebody's head. it is scary how real that is. he will think coding is that hard thing, but writing and reading is harder. everyone should learn how to code. we used to use pencils and paper, but we have computers. you can do so much more if you use the computer. if you learn how to write programs, what you can do is profound. that was marilou jepson, cofounder of one laptop per child. learn more about the importance of coding in bloombergs thing this week -- bloomberg's business week. coming up, the iranian nuclear talks. we're going around the world.

as we go to break, another shot from greece, live from athens, to the streetsng outside parliament. they want the government to do what it can to stay in the eurozone. those talks continuing in brussels. that have been discussions center on how greece will stay in the euro. we are getting the sense some progress is being made, but again the deadline is june 30. stay with us. the bloomberg market day continues in a moment. ♪

mark: it is 11 a.m. in san francisco, 2:00 p.m. here in new york, and this is the bloomberg market day. optimism ahead, of the greek talks in brussels.

leaders are meeting at this minute. we will review the latest. scarlet: municipalities on the west coast looking to take a page out of new york. dairy queen is looking beyond ice cream to siu and sales. they are heating up to attract a.m. rid -- younger audience. mark: welcome from bloomberg world headquarters in new york this is marketing, i am mark crumpton here with scarlet fu. you mentioned earlier, stocks are well off their highs, but we're still holding onto gains right now. he s&p 500 did get within one point of making a new high. e