11:00 a.m. phil mattingly is here with us. he is our national political correspondent. he has been following the comings and goings of this debate for a long time. who was the first presidential candidate who jumped out right away #phil: hillary clinton wasted no time. democrats will be all over this issue. the most interesting thing, and a colleague of mine made this point. the person we all should be asking for comment from is joe biden because he was the first major national politician in the obama administration to come out in support of this. he did it accidentally. he enraged obama's team because they had a planned rollout. with joe biden on a sunday show who kind of just being joe biden, said, i have supportive of this.

that forced the hand of the president himself. pimm: maybe we will hear from the vice president because he was flanking the president yesterday's peaking about the decision in support of the affordable care act subsidy. phil: he will definitely say something today. whether it is this statement now or written statement. pimm: let me just bring up again with the white house tweeted as a result. step in ourbig march for equality. gay and lesbian couples have the right to marry just like anyone wins."ove scarlet: #love wins. phil: for the administration, they were not arguing this case but they were supportive of it.

the president has been very supportive of this issue since his public announcement he was getting behind it. this actually comes in advance of pride weekend but two days after the white house have their own big, they now have an annual lgbt dinner were they invited a ton of people to the white house and celebrated. scarlet: wasn't that the same dinner that the president was heckled by someone? phil: by a transgendered individual who was not totally sure what the issue was that they were complaining out. -- president was pretty scarlet: there is the president. pimm: there's a shot of the president in the oval office and -- oval office before he comes out to give his remarks. phil: you mentioned the weeks that the white house has had on the international poly g -- policy agenda and the national policy agenda. you have this, and the national

of -- after this, he has to go down to charleston to eulogize the state senator who was killed. pimm: mr. pinckney. phil: and there were speeches written for each one of these. he is had directed -- involvement in each one of these speeches. -- ability of an injury will an individual to shift. scarlet: we want to bring in john heilemann as we wait for the president to make his final edit to his comments and speak to the nation about the historic supreme court ruling. this decision came down. we were expecting something either today, tomorrow, or next week. did you have to rip up the shows are tonight? john: people who say the supreme court is insulated from the flow of current events, other it is

political, whether it is responding to what is happening day-to-day. i think that people who think the court pays a lot of attention to what is going on that they would wait until monday. a lot of historic decisions often get issued on the last day of terms but here they are today, a bending everyone's plans and creating a more news heavy day. pimm: we were just showing the split in the vote in the supreme court. you mentioned, anthony kennedy has become a very important case of the puzzle when it comes to figuring out what is going to happen. i wonder if you want to speak to this issue. john: justice kennedy has a relatively long record and i think that most people who have paid attention to what he had written previous cases, including the windsor case, which has been an important precedent, a lot of people --

pimm: tell people what that was. struck downeve this the defense of marriage act and had benefits -- dealt with benefits to couples. the court kicked this all to the states. there were things in the case that federal proponents really liked. there was moving language about the quality of gay couples. people have picked and chosen things within it to justify their positions on this issue. if you ask most legal scholars to read what justice kennedy has written, everyone assumed he would end up where he has ended up today. there are some things he said world arguments that gave people a little bit of cause. a lot of times justices will say things to tease out an argument where the implied question of their position is not their position.

they're are trying to get an argument made. there was a moment for gay marriage proponents when i heard some of the questions coming out of justice kennedy when they got nervous but his record is pretty consistent. the big question, is where witchy's robert -- chief roberts and up? a lot of people who thought we would end up with a 6-3 opinion. that is the biggest, not surprise, but the puzzle coming in here and justice kennedy is where people thought he would end up on this case. advocates -- because of what the court did in not acting in the alabama case, the court was telegraphing pretty quickly that it would end up here. pimm: that is a live shot of the president working away, making some final edits presumably to

the comments he is given. this is rare for a student a glimpse of what the president is doing before he gives a big speech. he likes to keep himself closed off from this -- from the press. john: this is an unusual shots. fill with no even better than i how many times we have seen the shot during the course of the administration. pimm: you have to get approval to do this? >> they never get access like this unless they are told by the white house and brought over. this is rare. >> people who are close to president obama will cut your his normal way of speeches is to do this work late at night in his office upstairs in the residence where he has a television set up, a computer set up, and he will take drafts from previous writers and sit down and work between 11:00 and

sometimes until 1:00 or 2:00 in the morning, doing what you see him doing here. this obviously is reacting to breaking news today but working this way in the oval office is not normally what he would do. this is not only unusual in the sense that we are seeing it but that he not -- he does not usually do business this way. pimm: i want to get your opinion on the supreme court decision. guided by my faith, i believe in traditional marriage. i believe the supreme court should have allowed the states to make this decision." john: it is still the case that as quickly as public opinion has shifted, which has been historic, there's almost no issue in american life where the wind of public opinion has blown so quickly in one direction. it is still the case that a lot

of people in this country are uncomfortable with gay marriage and most of them are in the republican party. most of the people running for president on the republican side range from opponents to gay marriage to more of a more centrist position. that is kind of where the republican party is on this and i think that is where the divide is in the party, between people who will denounce the supreme court while discounting gay marriage and those who say, i have a personal view but the reason i think the court is wrong is because we should show -- this should be a state issue. scarlet: let's take a look at the map where the same-sex marriage was not allowed and not recognized here it the east coast, the west coast, and in the middle, in the heartland or it is not recognized.

we have the primaries coming up early next year. where will this be an issue? will it be a big issue in iowa? john: it is a settled issue in iowa. pimm: what about ohio? scarlet: is still a very passionate issue. john: there will be republican candidates who want to get mileage out of this and others who want to move on. it is the case that even republicans who are being attentive to the internal dynamics on their party understands where the center of the country is now on this issue. there are a lot of republicans who will issue statements, as jeb bush has done, and will be hopeful that this issue, now that it is a settled matter of law that we no longer have to is, about it is the truth with whatever the republican primary dynamics are, this is an issue were no republican is going to be in the position

where they are seen as a strident opponent of gay marriage. that is not where the country is. pimm: i am wondering if you could also speak on the other event that is going to occur later today in charleston, s.c.. after the president makes his comments about the decision, he will be getting on a plane and eulogizing the pastor and former state senator of south carolina clement to pinckney. believe phil was talking about being the child -- challenges of being a white house speech writer. if you think about that from the context about being the president of the united states, i was out with you talking about what a good week it was for the president. pimm: he has this very sobering : and now gay marriage,

which he was very late to the party. this is another big victory for this administration. now he is have to -- now he is having to go to do the most sober, somber, melancholy duty that the price -- the president has to do. pimm: he was personally friends. john: and obviously this means a lot to him, culturally, politically, and personally. you think of what that requires of someone. there are high expectations of president obama whenever he speaks because we have an idea of him as a great orator. he is the most prominent african-american in the history of the country. he is a symbol for so many things. he is a champion for many liberal causes it every time he speaks, his words carry great weight and people are highly expected of what he will say and how he will say it. and to have to go from a moment of triumph for millions of

americans, gay or straight, to go to a moment of such deep grief for again, millions of americans whether they knew people in charleston or not, to be able to turn on a dime and deliver in both settings is kind of almost inconceivable that one person would be able to do those two things. scarlet: is inconceivable but at the same time -- there is the president coming out to the rose garden to make his prep -- make his comments. pres. obama: our nation was founded on a bedrock principle that we are all created equal. the project of each generation is to bridge the meaning of those founding words with the realities of changing times. the never ending quest to insure those words ring true for every single american.

progress on this journey often comes in small. forward, one steps propelled by the persistent effort of dedicated citizens. and then sometimes there are days like this, when that slow, steady effort is rewarded with arrives like a thunderbolt. this morning, the supreme court recognized that the constitution guarantees marriage equality. in doing so, they have reaffirmed that all americans are entitled to the equal protection of the law. all people should be treated

equally, regardless of who they are working they love. and theision will patchwork system we currently have, it will and the uncertainty. hundreds of thousands of same-sex couples face from not knowing whether their marriage, legitimate in the eyes of one state, will remain if they decide to move or even visit another. this ruling will strengthen all of our communities by offering to all loving, same-sex couples the dignity of marriage across this great land. dress, iond inaugural said that if we are truly created equal, then truly the love we commit to one another must be equal as well. gratifying to see that principle enshrined into law

that this decision. ruling is a victory for all the plaintiffs in the case. it is a victory for gay and lesbian couples who are fought so long for their basic civil rights. it is a victory for their children, whose families will now be recognized as equal to any other. allies victory for the and friends and supporters who spent years, even decades working and praying for change to come. and this ruling is a victory for america. whatdecision affirms millions of americans already believed in their hearts, when all americans are treated as equal we are all more free.

administration has been guided by that idea. that is why we stopped defending the so-called defense of marriage and why will please the court finally struck down the central provision of that discriminatory law. it is why we ended don't ask, don't tell. from extending full marital benefits to federal employees and their spouses to expanding hospital visitation rights for their loved ones, we have made for lg btn advancing aople that were not imagined long time ago. change for many of our lgbt brothers and sisters must have seemed so slow for so long. compared to so many other issues, america's shift has been so quick.

i know that americans of good will continue to hold a wide range of views on this issue. hassition in some cases been based on sincere and deeply held beliefs. today'ss who welcomed news should be mindful of that fact, recognize different viewpoint. today should also give us hope that on the many issues with which we grapple, often painfully, real change is possible. hearts and minds is possible. those who have come so far on their journey to equality have a responsibility to reach back and help others join them. because for all our differences, we are one people, stronger

together than we ever could be alone. that is always been our story. , aar and vast and diverse nation of people with different backgrounds and beliefs, different experiences and stories that bound by our shared ideal that no matter who you are, what you look like, how you -- and who you america is the place where you can write your own destiny. are a people who believe that every single child is entitled to life and liberty and the pursuit of happiness. there is so much more work to be done to extend the full promise of america but today we can say in no uncertain terms that we have made our union a little more perfect.

consequence of a courton from the supreme but more importantly, it is a consequence of the countless acts of courage of millions of people across decades. out, who up, who came .alk to parents parents who loved their children no matter what. willing to endure bullying and taunts and stayed and came to believe in themselves and who they were.

slowly made an entire country realize that love is love. what an extraordinary achievement. of the belieftion that ordinary people can do extraordinary things. what bobbynder of kennedy once said about how small actions can be like pebbles being thrown into the still lake, ripples of hope. cascade outwards. and change the world.

those countless, often anonymous heroes, they deserve our thanks. they should be very proud. america should be very proud. thank you. [applause] you have been listening to president obama speaking outside of the rose garden on the decision by the supreme court, 5-4 to legalize same-sex marriage across the united states. scarlet: he ended with saying america should be very proud and the country has realized that love is love. pimm: i want to ask you, phil mattingly, about the disposition of the court to demonstrate the power of being able to appoint

and get appointed associate justice, for example. pick,sotomayor, and obama they a big difference in a case like this. elena kagan. phil: what is interesting, in the wake of comments like that, you think about the gravity of what just occurred anything about for the country, what it means. you always want to flip it back to politics but we have seen this become an issue in some of the statements that are not as finely tailored as jeb bush's statements. you have seen scott walker, bobby jindal, folks who are taking this and combining it with what happened yesterday and said, this is why i need to be president because i would never whennt justices like this i'm in office. i think this is a key component. there are going to be supreme court appointees in the next administration, it is almost a

certainty. this has now become a political issue. john: here's the great thing about the court. frankfurter thinks he is a conservative. george herbert walker bush appoints david souter, turns out to be somebody conservatives despise. anthony kennedy, a reagan appointee, someone who reagan presumably thought would never be the liberal champion on the gay marriage rolling. the great thing about the court and these justices when they get on the court, and whatever views they had before, they come to them honestly but when they arrive on the court and take on the responsibility of the supreme court, the court changes them, the country changes around them. they understand the responsibilities that the court has in a democratic process, and they are unpredictable because of all those things.

-- the human element, the jurisprudential element, there's almost not a single president in modern times who has had a supreme court justice who has ended up rolling in ways that confounded them or that they would never have predicted. scarlet: if you look at how business has stood and where it is positioned on gay marriage is pretty telling. tim cook, openly gay, has tweeted out a reaction to the gay marriage rolling. "today marks a victory for quality, perseverance, and love. the people who think they're crazy enough to change the world are the ones who do." there is that bridge between what corporate america is thinking and doing and what the apublican party, each as champion of business in america, is doing as well. does that risk that bigger because of this?

john: this issue has been done a long time in the business community. andtalk to business leaders one of the most interesting things is its employee base. in a lot of cases it is family-based, a, they are related to somebody. this issue is a done deal there. for republicans who refuse to accept this were openly fight this, you lose the business community's i don't want to say their respect but their support, monetary influence, and in general they will not deal with you. pimm: thank you both very much. phil mattingly, john heilemann, thank you. scarlet: thank you for the company. pimm: we have more on bloomberg market day. ♪

pimm: welcome back to bloomberg market day. i am pimm fox. let's look at the top stories for the hour. it is a day for the history

books at the supreme court. justices have ruled that same-sex couples have a constitutional right to marry, capping the biggest civil rights transformation in half a century. was 5-4.ing president obama spoke moments ago. this rulingama: will strengthen all of our communities by offering all loving same-sex couples the dignity of marriage across this great land. pimm: in his dissent to the ruling, justice antonin scalia called the ruling "a threat to american democracy," saying "it is a decision that should be reserved for the states." almost 60 people should be killed -- have been killed in tr attacks today. in tunisia, gunmen opened fire at a beach resort popular with vacationers. the government says most of

those killed were tourists. one suspect has been arrested. france,eastern attackers targeted a factory owned by an american company. police say they decapitated a man and then drove high speed into the plant, hitting gas canisters. one suspect has been arrested. >> i would also like to say that all over the national territory, under my and local officials' it has beenty, activated to protect the french who have been hit by terrorist attacks. pimm: in somalia, and islamist group says it attacked a peacekeeper space and killed more than 30 troops. the group al-shabaab is try to overthrow the western-backed government of somalia. in await, a bomb exploded shiite mosque during friday prayers. at least 16 people were killed. days ago, the islamic state called for terror attacks to happen during this period, the

muslim holy month of ramadan. officials say there was no evidence that the attacks were linked or coordinated. shares of nike are searching this morning. the world's biggest sporting goods company crushed estimates for profits and sales. sales are in record territory. for several years now the chief executive mark parker has called nike growth company. sales in the fiscal fourth quarter were up 15%. going to disney world? leave those selfie stick at home. sentinel" says the disney park in orlando will ban them starting tuesday. will also be in effect in california as well as disney resorts in paris and hong kong, and yes, disney will be checking tags. those are your top stories of the morning. for the very latest we are going crannymberg's man manus in london. manus: very good day to you.

a bit like the scarlet pimpern el. greece, it is for rather elusive. to5 billion euro payment greece would extend the bailout in november, but the greeks have apparently said no. autos, banks, and telecoms lead the charge. the risk is that you could potentially go home to the beginning of the deal for this parliament and this city, which is greece. the national bank of greece, efg , and alpha bank -- the point is monday if there is no deal, you could see capital controls. if there is a deal, it could be that banks were you see the best rewards. pimm, the usa, are biggest single shareholder in the greek stock exchange. i grant you, it is the size of a medium-sized company, but no doubt about it.

money every day this year has gone into the etf that follows the greek banks. a friend of bloomberg, a commentator, -- they had a downgrade today. from sanford bernstein, underperform. potash,these guys make fertilizer, makes everything grow. could they or will they accept an offer from potentially the potash corporation in canada? i'm sure did not do that enough justice. potash -- who would have thought it could bring a stock up 40%? the fx voice just are not as optimistic on the day, or are they? will it be tv that takes the euro lower -- qe that takes the euro lower? pimm. pimm: well done, manus cranny,

joining us from london. let's continue with today's top story. the supreme court. for wall street reaction, i'm joined by the founder and chief executive of cornerstone capital. she was one of the first openly gay women on wall street. joining me in the studio is the founder of out on the streets, an organization that brings lgbt issues to the business world. let's get your thoughts on what happened today. as excited of all, as we are for the ruling, it is important to take a moment and sent out that's to the families in charleston. president obama will be eulogizing -- pimm: yes, he will be delivering the eulogy to the pastor. todd: as he said, it is up to the civil rights movements to reach back and help others and the gay rights movement has that opportunity now. i think wall street is related. ,s you saw in the windsor brief

we say 179 companies assigned a brief supporting the freedom to marry and in this particular 279 companies sign of that brief and more wall street firms signed that brief than any other industry. financial services and wall street in particular are credibly excited because they know discrimination is bad for business. erica, give a little bit of rerun personal back on of what this means to you. hi, pimm. it is a very exciting day. it is not only a political victory, but it business victory, because great business is with great governance need to embrace everybody. ideas and relationships are the two things that never become a commodity. --s is an acknowledgment everyone is protected under the law. creativity, more , more consciousness

to your business. we are not there yet. we need to see companies like disney, like apple, like goldman really leads the way in terms of governance. for me personally it is very exciting. i've been married for a long time with three little girls and it is very exciting for us. pimm: they something like this have first pass when you have gotten involved in wall street, how would it have changed your life? knows, she was one of the pioneers for investment bankers. both of our lives would have been very different, our output with been very different, etc. ae key here is that it is success, moment to sell celebrate, but in 29 states, you can be legally fired for being gay in the workplace. in 44 states you can be legally fired for being transgender. even if this ruling had happened when i was on wall street, it would not have protected me in states where i could be legally fired. this but having had

ruling, down today, what are the chances that those rulings and regulations are not challenged and overturned? todd: i would absolutely hope that they would use this as a way to push those laws forward. case, look at the prop 8 there was a book called "speak now" that itemize all the argument against marriage equality and equal dignity for lgbt people and they were decimated on the record in the court. this current marriage equality ruling can be used for much broader opportunities for lgbt inclusion. erika, i wonder if you can speak about the ruling and its relation to people entering the workforce. what will it mean to them? erika: it is fabulous for them to this is a way you can get as an employee, a leader of the future, await you get to identify is this a company that i want to work for? is this a company that will allow me to have a feeling of purpose, knowing that i worked for an institution that understands all of me, who i am, and respects me?

from the standpoint of those companies that i mentioned earlier, companies that lead the way, companies that, by the way, engage with the un's global compact -- when we think about the principles of business, those are the companies that will be bandits for talent in the future. pimm: i want to thank you both very much. karp's founder and chief executive of cornerstone capital. my thanks also to todd is sears of out leadership. thank you both very much. we will have more on bloomberg market day coming up after this. ♪

pimm: welcome back to bloomberg market day. i am pimm fox. want to give you a look at the store crossing the bloomberg terminal. greece's creditors have made a new offer to break the stalemate. german chancellor angela merkel calls a generous. greek prime minister alexis tsipras calls it blackmail to the central bank, the international monetary fund have offered a five-month extension of the aid program and another $17 billion. finance ministers meet tomorrow to try to hash out the details. americans are growing more confident in the economy. consumer confidence climbed to a five-month high in june. the university of michigan index exceeded all estimates in a bloomberg survey. the stronger job market and your record stock prices are making households more upbeat. and and new diversity report from facebook shows that the company is mostly white and male. 68% of facebook's 10000 and

police are men, 50% of them are white. the numbers are down slightly from a year ago. those are the top stories of the money. we have been talking about gay marriage. yesterday was the obamacare case , and with that out of the way, the health care consolidation of 2015 can officially begin, or continue. it might continue this weekend. aetna is on the verge of a deal to buy rival humana and i could set up a wave of appeal making. drew armstrong covers the industry for us. what should we be keeping our eyes on? drew: as you know welcome in this period of all the drug companies find each other, what is really quite is the insurance and hospital industry. in the last few weeks we have seen every single one of the big five in the insurance industry looking at, it seems like everybody else in the big five. we will probably go from the big five to the big three. we have had this thing with humana floating out there. we think that cigna is probably

in play one way or the other. they are the big one and they will remain one of the three no matter what happens. what about anthem? drew: anthem is on the prowl. they looking at cigna. we have heard something about aetna and humana. there is a possibility that humana could go in play. but signet now looks at somebody -- do they look at aetna, talk to humana? everybody is in play. this is good news for the bankers and the banking industry. a lot of folks will make a lot of money on these deals. characteristics that tell you that one will be a takeover candidate versus the other? drew: these are regional businesses. most of the time they may be in

a dozen or two dozen states. you are not buying for synergy or anything like that. as much as you are buying to be in different markets -- pimm: you want scale. drew: with the obamacare subsidies protected by the court yesterday, millions of new customers are going to continue to come in and buy coverage with financial help from the government. you want to be in the markets where they are out shopping and capture customers. pimm: who has the best profile in terms of medicare payments drew: humana has a lot of medicare advantage business. you have more americans who are turning 65, entering the medicare program. medicare advantage is the private sector version. the government pays insurers to run private sector care. it is one of the demographic trends helping the industry. pimm: if these deals do indeed go through, i'm assuming they get some kind of federal trade commission, anti-monopoly consideration. drew: one of the things we have

been hearing from folks is the first to deal to go through will probably -- the second deal may not be so easy. it is the rush to see who can be the first one here. you don't want the sec breathing down your neck after the first deal and saying, man, we have four of these, do we just want to go to three? get it done and get it done fast. pimm: reminds me of the telecom industry or the mobile phone industry. who are the big players when it comes to the advisors or personalities involved? drew: there are so many companies involved here that we pretty much have most of the major banks -- all of the big advisory firms on the communications inside, everybody paired up with everybody else. everybody is mixed up with this, as busy as we are. pimm: is there any fight between the potential acquirer and acquiree? anthem-cigna letter exchange is delightful and interesting. both the ceo's seem to want to be in charge. we have had the anthem ceo say

hey, i will step down after two years from you will be in this great position. the other guy says i want you to guarantee me the job. that seems to be the biggest sticking point, who is going to run this company. pimm: who wants to be the top dog? everybody. drew: everybody wants to run a company. pimm: bloomberg's drew armstrong could still ahead, uber's rival in china got $1.5 billion in funding in just five days. the company already controls 99% of the chinese market. we will tell you about it next. ♪

this is bloomberg market date. i am pimm fox. largest ridesharing service is oversubscribed after

five days of funding. it is an alibaba-backed at and it controls 99% of the chinese ridesharing market. a $1 billioning attempt to break into the $50 billion chinese market. betty liu joins me with market tell me more about didi kuaidi. betty: translated, it means "taxi-fast cars." they dominate the market but that is not stopping uber. they are spending a billion dollars to get into the largest auto market in the world. you can imagine, right? one billion-plus people. platforms the two altogether have about $12 billion in volume so far this year -- excuse me, by the end of the sea they will have $12 billion in volume of rides. didi kuaidi, as you mentioned, raised $1.5 billion in just five days, pimm.

it was oversubscribed. of hownother example local competitors are trying to compete with uber, which is no longer a startup. pimm: i was going to say, this is no it'll start of right sharing, didi kuaidi. it is backed by alibaba. tech: and a two of the behemoths in china. this is not small by any means. with uber, i'm sure you have been reading those reports of the protests in france. pimm: they shut down a variety of highways in order to block any use of uber to take away business from chinese -- rather, french taxi drivers. betty: that's right, writing, fires. french president francois hollande saying today that uber is illegal and the court should seize any cars driven by uber

drivers. also quite dramatically -- i you are a big social media fan. pimm: oh, yes, i know where you are taking me here. you're taking me to courtney love. whoy: courtney love-cobain, knew, she was apparently in paris and she instagrammed out her harrowing moment where she was attacked by some of the uber . we got video of her instagram account. she showed some of the damage it she said it was the scariest moment of her life. there you go, the cracked window . she did compare -- she said something along the lines of "i would be safer in baghdad." that got a lot of people angry that she said that. they said she was overreacting. , you can see, an issue that hits close to home for many people around the world. pimm: particularly if you are a celebrity. ty: on the flip side, some

might not care. pimm: i will see you in a few moments come our own betty liu. it is time for julie hyman. up to theare coming top of the hour. let's look at how stocks are performing. mixed picture. the dow is the upper former today, the s&p little changed, nasdaq is lacking. investors continue to wait for some sort of outcome on greece. let's talk options. joining me is the equity derivatives strategist at baycrest partners. we are seeing this mixed traded today. we have the muscle rebalancing today, which creates a little bit of bouncing around, as people make the moves. we are seeing this mixed picture drift? on increasedg bets volatility.

>> increased volatility on one side and on the other hand, increase in the market as well. ,wo very interesting diametrically opposed trades, if you like. we are seeing calls into the calls are being called in a big way. at the same time, this morning we saw s&p, somebody coming in 22 .75 call options. about 8% out of the money. markets like with the stock or stalled, now we are starting to see people taking bets one way or the other. ie: do you think we will see a short-term uptick in volatility? anshul: any spikes in volatilities are going to be short-lived. these are guys who are going to

be very nimble, will have to be very nimble if any sort of news or headlines start from greece -- julie: two then get out. gotcha. let's talk about share trades, earnings coming out on constellation brands. what is your strategy going into this? anshul: the stock is neutral in our mind. we think the options are nice in terms of the skew, buchholz -- the calls in this name. torically speaking, relatively. you can play it multiple ways. little. us very it is a great trade. if you are long stock, you just want to do something, you can --l one side, just because

just the calls come or simplify the puts. the way it sets up from the options perspective, you can buy the puts or buy both. julie: this is interesting because iti you can make money from options when you don't have a strong conviction on which way the stock is going. anshul: this is one of those days that when the stock drifts, no tournament, no money lost, what if you do just one leg, outside cause. julie: happy friday. don't go anywhere. much more bloomberg market day after this. ♪

pimm: good day. it is none :00 a.m. in san francisco, noon here in new york, midnight in hong kong. welcome to bloomberg

market day. the supreme court issues and historic ruling, legalizing gay marriage nationwide. we will get reaction to that position. pimm: dozens of people are killed in terror attacks from tunisia to france. betty: are u.s. stocks cheap or expensive? it turns out there is more than one way to measure the price-to-earnings ratio of the s&p index. pimm: good afternoon. i am pimm fox. betty: and i am betty liu. want to get straight, though, to julie hyman, who is getting a look at breaking news out of greece. julie: more headlines on greece, guys. the greek government -- in an e-mail to reporters, it says it has indeed rejected the creditors'