alix: we are moments away from the closing bell. this is bloomberg markets day. . am alix steel [applause] you are looking at stockholding on to a rally off the highs of the day. you still have the dow finishing up by 105 points and the dow is not alone. you have the nasdaq closing at another record high. s&p, you have nine of the 10 sectors finishing higher with

the growth, cyclical names like energy, health care, financials leading the way. you have some crazy m&a action. they do not call it m&a monday for nothing but matt williams rejecting -- for nothing. you have williams rejecting energy transfer. joining me is joe weisenthal. a risk on day as you have the yield move higher and no one wanted to be there. joe: if you thought the u.s. rally was impressive, you have to see what happened in germany. huge 3% rally in the dax. had been pounded recently so that is a huge reversal. you can't talk germany without the big story of the day, which is greece. there was optimism they would get a deal. as soon as they all got together at the eurogroup meeting, they had the finance ministers, they

said nothing was there. by the time the leaders wrapped up, you had the leader of the eurogroup say we hope to get a deal later this week. there is a lot optimism some -- optimism suddenly. said as long as in to win, we will be it. we saw them put their money in havingir mouth was t the emergency liquidity system. atis almost 88 billion euros the cap. according to the commerce bank, 95 billion. joe: one of my favorite things in the world is in italy, they have the term -- and it is the spread between italian 10 year

bonds and german 10 year bonds. in the accounting media, they quote that and it is an obsession to get it as narrow as possible. creditnt to be the same profile. it has come down quite a bit. we were talking about the spirit of contagion. people were selling the ultra safe german bonds and buying a tie in bonds. alix: we keep talking about why we do not see market reaction. it was a great piece on how much u.s. investors own greek. it is $5.7 billion. which would you rather own -- that, jetblue, life nation, or dunkin' donuts? that is what you are investing s. greek stock joe: i like to gamble, so i would take the greek stocks. it would be more fun to own.

i would enjoy that. note talking a about where you will see contagion. specifically talking about emerging market interest rates and turkey being one of the scary spots because it has large risk premiums in its risk asset. that is where you will see the rollout. joe: with us to talk about all these things, we have michael purvis and lisa abramowicz. michael, are you bored of greece? michael: a little bit, yes. [laughter] it is always a relevant discussion topic. this is the second sequel to the 2010 movie. the markets are getting bored. you were talking about the italian bund spread. you see the same thing in spread. in 2011, you saw those rates governed more by greece bond yields than german bond yields.

that has shifted. of are not seeing many signs , other than certain short-term instances, you are not seeing heavy greek drama outside of this. do you think about the notes in the cities talking about the turkish interest rates? lisa: i think it's interesting that the analysts are scrutinizing every aspect to find an angle in. come on, we have to find something to write about greece. you look at the macro level, you have on fund holding -- bond fund holding the most cash since the crisis, possibly ever. they don't know what the trigger is. they are concerned that they don't understand something about greece, either economic ripple affects or potential exposures. the fact that citi analysts are looking and saying, how bad could it be in place like

turkey, south africa, russia? these are the currencies that will be most affected. not the rates. their conclusion was we would probably bounce back. everyone is coming to the same conclusion. not going to be that bad. alix: any feeling would be buying opportunity. joe: also, the analysts are running out of greek puns to title the notes with. [laughter] alix: the other big story was the and and a continued to unfold. we are looking at $4.1 trillion. could it be that high this year? could it be higher? we see a broad base across the world. will that be a driver of the market or will it continue to be given ins and buybacks -- to be dividends and buybacks? michael: it is one of the three pillars of financial engineering. buybacks, and m&a. it is against a low gdp backdrop.

the companies that have the cash need to deploy it. if they do not feel comfortable deploying it into a sort of 2% or 3% gdp world, they will do what works. that is in their control. stock buybacks and m&a. you can control the economy, but you can control those. lisa: i'm struck by the fact that m&a usually sets and in later cycles. it is paid for, among other things, debt, which is still cheap. it edifies the macro-paranoia out there. they are looking for some kind of weakness that could cause the cycle to and because we are getting to later stages. joe: speaking of m and a, deutsche bank put a great chart out. one thing that caught my i was a map. i think we have it. the and and a boom is not just m&a boom is in

europe. we talk about the health care in the u.s. being a driver. this is not just a u.s. phenomenon. it is happening around the world. lisa: what is also interesting is it is about scale. cost cutting and scale. -- i can'tecessarily wait to grow my business in south america. especially with hmos. i need to find a way to make money as they max out on investment. lisa: this is more cost cutting that investment in r&d. joe, to your point, that chart was really interesting to me because stimulus is a global affair. rates have been low everywhere. you are going to have the impetus for companies to buy one another everywhere in the world and you have u.s. companies looking overseas to buy companies and other countries to sort of get some sort of international diversification. lisa: the global growth issue is not just in the u.s.

it is global. it impact ceo's around the world. the united states has exported financial engineering and technology for decades, so when you are seeing is ceo's endboards in foreign countries catching up to the u.s. in that regard to joe: -- in that regard. joe: big rally. it has people talking about when is that 10% correction coming? when is it coming? lisa: -- michael: i don't think it is coming anytime soon. the 5.5argue that months of what we call august of this year, the sleepy pace, has technically served the same function that a 10% dip provided by a rebound does. it is almost a time-based consolidation, not to get too easy on you. there is a lot of catch up. -- too geeky on you.

there is a lot of metrics out there. alix: jonathan was talking about one of the things that would need a recession. one is a correction. the other is higher wages. that is the trigger. lisa: watch the inflation numbers this week. that is going to be really important. i think this is what people are wondering about. this could possibly be a worse -case a narrow if inflation does tick up and the fed has to catch up to the market alix: the other awesome's -- to the market. alix: the other awesome story of the day is taylor swift, taking the lead role in the greek eu bailout. thent to see her take on iphone battery issue. my phone is dead by 10:00 a.m. lisa: she would probably do a

better job with the greek negotiation's. [laughter] there you go. joe: who knows? -- lisa: who knows -- michael: who knows? she is gay. joe: i don't know. i am not very ambitious. i would like to see her get back on spotify. i am a big taylor's with avid alix: that's boring. -- i am a big taylor swift fan. alix: that's boring. joe: it is boring, but that is what i am. lisa: [laughter] alix: thanks for being with us. good to see you as always. we will get the eu president taking on the latest with greece and when he thinks a deal will be done. ♪

alix: welcome back. i'm alix steel. right some top stories is afternoon. in court let stand a lower court decision that made off customers received more in payouts when they were rejected under bailout laws. the high court rejected an appeal by google involving the street view system.

google is accused of infringing patents. street view allows you to view a street corner or address from different angles. tesla said it's lower cost model s is on schedule. a trade magazine reported the model three would be delayed until 2018. a spokesperson said the production will begin in 2017. full production the following year. the tesla model three is expected to cost about $35,000. home sales climbed 5% in may. share of first-time buyers matched the highest level since the prospect of higher mortgage 2012. rates may be driving sales. and former fed chief-turned-blogger ben bernanke said the fed should keep alexander hamilton on the $10 bill. bernanke says we should instead andrew jackson from the he said

20. appalled with the plan to replace hamilton with a woman. he adds that it is a fine idea to add a woman, but not at hamilton's expense. how close is greek to a deal with creditors? eurasia group's ian bremmer discuss the political challenges ahead. syriza, from a patriotic perspective in terms of getting a response from the people, give them good marks. it is breathtaking incom petence. i do not want a group exit. i think it is unlikely. the ability to make mistakes right up until the very end where the do not want anything to fall apart, it is not good in intentions. how are you poised?

two types ofare trading in greece. bank stocks are down like 70%. much betters a risk-reward because we do not think that greece is likely to default even if they leave the euro. the psihink of it, represents less than 50% of the thek of greek net and market price is seven. they can easily service that if they lose the euro. for me, we are seeing informal soft capital control in terms of banks allowing people to come in and take out. the potential for soft to become harder over the next few days is possible. we are moving towards it, but no guarantees.

there is a far move from that to falling apart. you have to understand that one of the big games being played is between tsipras and his own people. there is enough urgency so his entire government does not walk out on him. the danger is he cuts a deal and the government falls apart. he has to be bouncing between both of these sides. that does leave him to want to create enough urgency that this crisis gets worse, that the greek economy and zip feeling more pain and the capital flight ends up growing. that is the danger here. not that anyone on the part of the greek government is trying to engineer the way forward to leave europe. alix: what fascinates me is who has the upper hand in these negotiations? you could make the argument that european taxpayers are on the hook or a lot of money if they and that the faulting on 300

billion euros. that is not chump change. does greece have the upper hand? ian: at the end of the day, greece thinks they have the upper hand because merkel does not want to see this fall apart on her watch. it is not just an issue of cost or second or third implications. if anyone is leaving, merkel is the institutionalist, the multilateralist, and blame will it place on her. in that regard, the greeks feel like they have leverage. but it is not just about merkel. you have seen there are plenty of bad cops to go around in europe that are prepared to give the what-for to the greeks when merkel herself is trying to actually be constructive. if you are the greek government in this environment, you have felt like you've had a bit of the upper hand in a very difficult economic position over the last few months. the closer you get to the edge, the more you alive, we are near the edge -- the more you go

along, you relied, we are near the edge. you are just balancing to stay on the cliff. alix: that was ian bremmer and diego ferro. adhd is not just for kids anymore. ♪

"bloombergme back to market day." i'm alix steel. staying focused is not just a problem for kids today. american adults are now the prime market for adhd drugs, accounting for 53% of the 63 million prescriptions distributed last year. and according to one drug maker,

which commands half of the adhd drug market, the adult market is growing almost twice as fast of the overall market, and with more adults claiming restlessness, lack of focus, impulsive behavior, it is no surprise that sales of the drug are up 1.8% to $1.4 billion last year alone or you could just get coffee, drinkless a little less. i'm just saying. we are joined by an expert of visual displays and who is the head of display at facebook and oculus. she tells bloomberg about her first line of code. >> what excites me about the future of technology? really excited about totally getting rid of the devices, the computers, and communicating just with human thought alone. i've done some work in this area and i think it's actually closer than many people believe it is.

my name is marilou jepson. i am known for my harvard line 3-dscreen and optics and design, but i am probably best known for founding one laptop the architect of the $100 laptop. my first computer was an apple ii plus that came out when i was about 14 years old. your smart phone is more powerful than that computer by far. but it was so cool because you could actually slide the cover off and figure it out by breaking stuff and putting it back together. it was very expensive. i really wasn't supposed to be touching it. but, you know, sometimes they weren't around. [laughter] my first line of code was hacking a version of pong and changing the balls to smiley

faces. when i got that to happen, i was so excited. i had no idea i could change what was on this screen. probably changed total 10 lines of code and i had changed the whole computer game. the eyeball was in the wrong place and i was like, how do i move it over there? it was fun. a friend of mine said that when you look at someone's code, it's like looking inside their head. sometimes the little scary how messy it is. i'm not saying that mine is that great. people think coding is the hard thing. honestly, writing is harder. reading is harder. i think everybody should learn how to code. we used to use pencil and paper. they are pretty powerful. but we have computers and you can do so much more if you use a computer. if you learn how to write programs, what you can do is profound.

that was mar lou jepsen, head of technology at facebook and oculus. great story. we will see you back your tomorrow. ♪ ♪

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announcer: from our studios in new york city, this is "charlie rose." charlie: mr. president, it is a pleasure to be in your city, where you started your political career. role in plays in its future, military, and the possibility given a big role. there are problems that only can be solved you participate and you will play a role in that. help us understand, as you see