faces a hard sell at home. can he get lawmakers to support even more austerity? ministern's foreign indicates there will be no agreement today. we get the latest from vienna. ever ukraine first business form taking place in washington. we will hear from ukraine's energy there. -- energy minister. mark: welcome from bloomberg world headquarters in new york. i am here with the very tall matt miller. [laughter] let's see how investors are taking that pathway to a deal with greece. a little can kick. even for theing

year with its 1% gain. nasdaq, the biggest gainer of the three today. little bit, a stronger than the others. you can see the yield in the 10-year rally. bonds.selling the the 30-year 2.3%. gary shilling told tom keene you see the 10-year getting down to 1% even this morning. mark: wow. ,et's get to our colleague ramym standing by with breaking news. toy: a partner planning leave the hedge fund. his trades have been unwound over the last few months and one of those people asked not to be identified because that

information was private. we will have more on this breaking news as we get it. back to you guys. mark: ramy, thank you. greece,e minister of alexis tsipras, facing a mutiny in his ruling coalition. the independent greeks and the back aparties will not potential deal after the prime minister surrendered to european inands over the weekend exchange for a bailout package. his coalition rebelled against similar proposals just two days ago. the prime minister, for his part, is putting his own spin on the agreement. >> the deal was difficult, but pursuit ofvented the

a transfer of public property abroad. we have prevented the collapse of the financial system, a plant that was designed up to its last detail perfectly. greek banks will remain closed until wednesday and the european central bank has decided for now not to raise the size of the banks' lifeline. in related news, german discipline was elected the president of the european finance ministers group. matt: an agreement remains elusive for now in vienna. both sides meeting for 17 days. the u.s. and other global powers want to keep iran from building nuclear weapons. they have agreed to ease nuclear sanctions in return. mark: wisconsin governor scott walker says he is running for president. he took to twitter to make the announcement. he gave national dominance to his battles with labor unions

and he is the first governor in u.s. history to defeat a recall election. he joins an increasingly crowded republican field. 15 candidates have declared. two others are expected to join the racing. york,in a speech in new hillary clinton outlined the themes of her economic agenda. emphasized the need for policies that would increase the incomes of middle-class americans. hillary clinton: i have had the opportunity to listen to the concerns of americans about an economy that is not delivering for them. it is not delivering the way it should. at its bill seems to to mostit still seems americans i of spoken with that it is stuck for those at the top matt:. -- matt: clinton called for a

higher minimum wage and for companies to share profits with workers. october 15, the yield on the benchmark 10-year plunged before zooming upward for no apparent reason. traders played a key role and that banks reduce their market making for a time. the company faces intrusions from the likes of netflix and more customers are becoming mobile. the service is called stream. it launches in boston early this summer am everywhere else in early 2016. mark: walmart has a message for amazon -- anything you can do, we can do better. it is to rival prime's offering prime day. they are emphasizing anyone can get rollbacks. -- amazon's sale is only open

to prime members who pay $99 a year. microsoft is launching windows 10 online. it is intended to give apps a similar feel on all devices and it will come with a new web browser integrated with courts their answer to rival apple's siri. nasa will fly by pluto. it is historic. launched nine years ago. it has since traveled more than 3 billion miles. that is look at the top stories we're following at this hour. matt: coming up in the next half

hour -- it is all in greece's hands, but how likely is it that the parliament will approve the big demands i creditors the greek people voted firmly against just seven days ago? we hear from athens' mayor. a child's toy, but lego is undergoing a shift to make its building blocks greener. mark: it may be summer in ukraine, but winter is coming, you could say. minister joinsy us live. matt: -- mark: all right, we will have those stories and more. the day continues. matt: that's right. mark: alexis tsipras return to greece to face a mutiny in his coalition after accepting bailout measures that are even

harsher than those that greeks rejected last weekend. overalls,ncludes tax curbing pension costs, and more. hans nichols, good evening. from most people it is more than likely the greek parliament will pass this because all of the opposition members are going to vote for it, right? 251-vote know, that that gave him the authority to negotiate when he lost 70 members of syriza this weekend, that is the baseline number. it looks like he can get these proposals through. this is the timeline. this is what is coming into focus. there will be a wednesday vote in athens, a friday vote, if all of that is approved, then you have the negotiation, and here is the part where i think mark crumpton needs to cancel his

august holiday. it looks like it will be a aur-week negotiation, not two-week negotiation. for weeks on our calendar puts us into early august, and there is no consensus on what you do for bridge financing. morewill need 7, 8, maybe through august, 100 $50 million due to the imf today. there is something that could happen potentially on bilateral loans, but a eurogroup loan, the finance minister does not have the mandate to do that. mark: speaking of a mandate, do you get a sense that the greek people feel betrayed from their government? syriza and alexis tsipras ran on an anti-austerity platform. what is being proposed is even harsher than what was originally proposed by international creditors. mark,that is undeniable,

and you see this reflected in really that mr. tsipras pushed hard on certain aspects of the bailout deal. he was against having the imf come back and monitor on the ground in athens. aat is thought to be violation of sovereignty. he lost that when. 100 $50 billion in assets -- a privatization fund -- initially that was going to be housed in luxembourg. athens.tually housed in clearly he has a political challenge, if not a career challenge. matt: sure, he has to find $50 billion in assets that the greek government can sell. i have not heard a lot of people who think that is possible. coverage continues right now. let's hear from the home country. been our olivia sterns has on the ground all day long.

you spoke with the mayor of athens earlier. what did he have to say about the state of the country and how negotiations are ongoing right now? matt: -- it is a critical 48 hours alexis tsipras us to get the package through. everyone i have spoken to think that he will be able -- thinks he will be up to find the support. the newspapers were full of how alexis tsipras is surrendered to creditors. references to world war ii. remember, his own party saying that greece was being waterboarded i creditors. asked if he feels, like a lot of the press does, that greece went up against the creditors and lost because they signed on to the package or committed to negotiate with a package that tsipras himself called

blackmail. he says, no, he is hopeful. it is going to be difficult to get the political support, but he is fairly confident he will get it. listen to this. difficult task for everyone, because they have to what they have not done in five years. instead of undertaking those reforms, they were trying to avoid them and they were taking all of these parliamentary measures -- that means cutting salaries, pensions -- and that has proven to be the worst choice. so, almost everybody thinks he will be able to find a those votes. more pressing for the people in athens, when are the banks going to reopen? i spoke to the mayor about the damage done in greece. and here is what he had to say about that.

>> speaking at least for the city of athens, we have a very heavy loss, and it is so sad, you know, because all of the forecast before the crisis were we would have the most terrific tourist season for both times. i do want to stress though finally it is not chaos. athens is not turned into a cash only economy. i have not run out of cash. there is a sense of relief. there are short lines outside of atms, not long lines. i have not seen a lot of atm's that of run out of money. perhaps the people most panicked in people who are working tourism. taxi drivers are waiting twice as long as they used to. olivia sterns in athens.

she brought a large supply of travelers checks with her just in case mark:. diplomats nearing a deal to curb iran fell new layer plan. we will have the latest from the vienna, when we return. ♪

mark: welcome back to bloomberg market day. i am mark crumpton with matt miller. , you are looking at morgan stanley's conviction picks ahead of earnings? that is right. they have highlighted 12 stocks. bank of america was clearly not one of them, as you can see. bank of america is up and .5%.

they are overweight, bank of america. up 1.5%. on point they are negative though, las vegas sands, morgan stanley saying near-term headwinds are creating downside risk and the company lacked any near-term catalyst to get it going. four point 3%. still morgan stanley feels there is a 20% chance it will cut it recurring to evident. that is having little impact on the stock shares, enjoying the best day in three months after the government of macau took steps to ban smoking rooms on game floors. 16 percentley is above on the second quarter. amazon is up more than two and a half percent. -- that is up 35% to

your. i want to take you inside my bloomberg terminal and look at these analyst calls. s are in red. 2% of analyst say sell. 60%, represented in the green say they should buy. matt: have you been to macau? ramy: i have been. matt: can you smoke in the casino? there is. there is a haze. remember many of the people going there are mainland chinese gamblers -- smokers.in it would not make our experience any more exciting. mark: no, because i do not smoke. matt: thank you. .ark: step aside, coal there is a new top dog in the

energy game and it is natural gas. it has service past -- surpassed coal for the first time. it is a milestone in the making for years. rubio's presidential campaign says it has raised more than $12 million. the republican senator from 17 gop is one of hopefuls and they are due to byort to regulators wednesday. he has the support of two outside groups that can accept unlimited donations. they say they have raised in additional $32 million. and a reward for information leading to the return of judy garland's ruby slippers stolen from a museum in 2005. they were worn in "the wizard of oz." three others exist. the slippers were insured for $1

million. they could be worth up to $3 million now. that is a look at our top stories this hour. as talk way john between u.s. and iranian diplomats in vienna, there is little hope that a deal can be agreed upon today. mark: indira lakshmanan on joins us from vienna. good evening. indira: good evening, mark. after 16 days of roller coaster thes, if it is possible 17th day has felt like a geforce roller coaster. ce roller coaster. we came in today expecting there would be a deal. we really thought that today would be the day when they would get the language done. all indications now -- we saw the arabian foreign minister on the balcony -- the irani and

foreign minister on the balcony. he said there would not be a deal tonight read essentially, looking like it is not going to happen tonight. we heard in the white house briefing today there are still significant differences between the two sides. oft: what is the likelihood a deal early tomorrow or very soon? everybody seems very optimistic. it's just the timing that is the problem. have been tolde the deal is basically 98%, 99% done, but what they are fighting over now is language. i can well imagine it is not just language. there are lawyers on all sides looking at every comma and conjunction in this draft document, but also translation is going to be an issue, because both the americans and a rainy and's want to present this to anianshome populace -- ir

what to present this to their home populace as a win. not want any indication that their program was a licit or illegal. there is apparently fighting going on over those issues. it remains to seen whether that will be done overnight tonight. we have about 30 seconds left. these negotiations have gone on. you have covered them from the beginning. about thenything talks, perhaps the back and forth between both sides you have not seen before? indira: what i am seeing now is exhaustion on the sides of both parties. i have been covering this for two and half years now. one striking thing, the russian foreign minister, when he walked iranianet with the foreign ministry was asked, and

how are you, and he said, angry. and he laughed, but there was truth in that. they want a deal. they want to go home. that is the mood in the air in vienna. mark: bloomberg's indira covering the nuclear talks in vienna. it may take 15 years -- we will explain, next. ♪

mark: lego wants to build a better building block. matt: the danish toy maker is launching a 15 year program to find a greener alternative to the bricks it has me -- been making for decades. mark: i am laughing because that is a lot. looking,is -- i get, they are very popular.

you need petroleum to make them. they sell a time. profit increase last year. do you need 15 years? that will be 2030. you and i will not be here anymore. here i hope that you mean -- matt: it is not likely we survive on earth that much longer. there has got to be a better solution. to sayhey told me i have goodbye, but now i feel like i really have to say goodbye. thanks, mark. i am going to stay here. coming up, the first ..s.-ukraine for them we talk to the minister. ♪

matt: welcome back to "bloomberg market day." i matt miller. top stories across the bloomberg terminal, president obama says

that a secure retirement is a critical component of what it means to be middle class in is the president earlier today at a white house conference on aging. obama: we understand the whole terrain, not just the challenges but also the opportunities. not only the questions that we are asking today, but the rest and that we have to start thinking about for tomorrow. conference takes place just once per decade, we have got to make it count. so, one of the best measures of itscountry is how it treats older citizens. by that measure, the united states has a lot to be proud of. medicare, medicaid, social security. some of the greatest triamcinolone nation. when social security was signed into law, far too many seniors were living in poverty. matt: the president said that a lifetime of hard work should be

rewarded with "a retirement that is secure and dignified." president, hehe is cutting the prison sentences of 46 convicts. he has issued nearly 90 commutations, most of them to nonviolent offenders sentenced to drug crimes under outdated sentencing rules. conviction ine place and end of the punishment. several clemency's have been given life sentences. pope francis is headed back to the vatican after a weeklong south american trip. the journey saw the pontiff at three of the most impoverished nations in the continent. he made his final stop in paraguay. he urged more respect for the word the -- for the world's poor. the trump international golf filing puerto rico is for bankruptcy protection. they say they have assets of $9.2 million and as much as $78 million in debt.

the 18-hole championship course is affiliated with the donald trump trump organization. those are some of the top stories we are following for you . coming up in the next half hour, some big new york developers are partnering up with office sharing startups where we work over an expensive but cool brooklyn development. and it looked like three massive but separate cyber attacks, but they shared a common theme, the hackers may have been chinese. speaking of china, unprecedented move to support the massive stock market selloff may have worked, but for just how long? we will discuss that and more, coming up. commodities prices settled in new york trading, for that i will bring in the person who knows the most about commodities , alix steel joins us. thanks for chipping in here. what do we know about what is going on with opec?

i read that they produce the most oil since ever, even the 1980's. alix: this is saudi arabia, so it's pretty staggering. 10.5 million barrels of oil per day. that is a ton of oil. that is the most it has ever produced. supposedly the reason why saudi arabia is actually doing that is because of the demand for 2016. that means that currently opec is still overproducing by anywhere between one million barrels in 2 million barrels per day. last week saudi arabia cut the official price. this was big news for the market . oil is not down tremendously. matt: 52.09 per barrel. that is the oil here. is tos part of their play try to produce as much as they can to put u.s. shale drillers

out of business. but it is not working, is it? alix: it is not just about u.s. shale, it is about targeting non-opec high cost producers, like russia, brazil, and mexico, saying last week that they were going to see no production growth out of these countries next year. the u.s. will grow but not as much as expected and in that way you could say that the plan is working and doing what it should be doing. look at the take a other themes of the day, the stronger dollar never helps commodities when there is not a lot of news flow going around. matt: probably a huge part of the price action. alix: right. so, the iran deal, inching closer to having less. and there is 40 million barrels of oil floating around waiting to be sold once the sanctions are lifted. is wonder about gas prices related to oil. alix: of course you do. matt: because i drive a lot.

alix: we are having very high global product stocks. we now have enough to be about 30 to 31 days for demand. the more that you have a build in product stocks, the more the refinery margins will shrink. you know what? i will not produce a lot of products, this means they use less food. it startnd of seeing to play out right now. this is an area where barclays is watching. good for you. matt: the v8, you will stick with me, stay with me now, top ukrainian policymakers are meeting with u.s. officials in washington today for the first ever u.s. ukraine business forum. heart of the agenda is obviously boosting investment in the ukrainian energy sector. joining us with more on this is

the ukrainian energy minister. thank you so much for joining us . we appreciate your time. first of all, let me ask how the industry -- how the infrastructure of the industry is doing. obviously with a war going on, it seems it would be difficult to maintain infrastructure. >> in reality infrastructure has been doing fairly well. notwar is taking part endangering pipelines. the falling oil prices positive .eel -- positive for ukraine with 60 million barrels per year of oil, 20 billion cubic meters

of gas, this price event is positive for ukraine. alix: minister, you have produced from the union. you obviously have suspended purchases from russia and what ?s the risk as of todayodymyr: the pumping of the gas that is coming into storage has larger storage facilities. until the beginning of the heating season we need 5 billion to 6 billion cubic meters more and our infrastructure does not allow us to get that volume into the storage. so now the key problem is funding. funding as in having the

money to buy the gas or find the gas? minister volodymyr: no, funding buys the gas. today the ministry of finance has announced significant be -- wes, so we will expect an increase in production over the next few years. but for now we need to prepare with a heating season need to buy this four to 5 million cubic meters of gas for storage. therefore we are discussing with european investment banks the for theity to get money volume of gas required.

matt: what is the interest in investments in ukrainian energy industries? is there a lot of international interest in that? luckily volodymyr: there seems to be, regardless of the war, a lot of interest. we have started recently massive , like thermal power generation and distribution. there are other companies that are up for sale and they seem to be attracting a lot of interest from european and american investors. we see a lot of interest from investors. you mentioned that you were looking for funding. as we know really an economic

has taken a backseat -- as we know, the ukrainian economic situation has taken aback, with the eu committing to ukraine compared to 200 billion euros for greece. this makes no sense. ukraine does all the reforms, while greece has ignored similar demands for years and now openly opposes them. ukraine has four times as many as greece and is far more strategically important for europe. what do you think about that igument? minister volodymyr: feel that is right. in reality today we spent a lot of time presenting progress on reforms and today there is the prime minister of ukraine here in washington. minister with the infrastructure under the economy of finance, everybody was trying the international

community that we are preventing and making hard decisions and trying to make things different in ukraine. on the other side, we expect support. yes, imf has been providing a lot of money to the ukraine. i think that apart from institutions like imf, we would ,ike to see support from other like private investors. we are therefore opening the market for privatization. this specific issue of trying to prepare for heating season is wey important, but i think will see progress in those directions. support fromal those and others, it should be fine. it does not have any specific influence on transportation from russia to europe.

we will be able to provide secure transit regardless of other issues. matt: thank you so much for joining us, minister volodymyr. much,teel, thank you very do you just stay here right now? i will keep our viewers company. coming up, two of new york developers prominent making a bet in brooklyn. coming up. ♪

matt: let's take a look at some

of the top stories in the bloomberg terminal. chinese -- chinese authorities are accusing firms of manipulating stock prices during the plunge and are launching up crackdown against companies who finance speculative training. they are aimed at deflecting blame against the communist party for the trillions in losses over the past month and regulators have ordered brokerages to sever ties with unlicensed companies who lend money to finance trading. gas prices nationwide are in a downward trend. what not in california. residents there are experiencing a spike as prices top four dollars per gallon before the is again. wasnations highest price three dollars $.56, but they rose another $.13 in a special survey conducted on saturday. they do it to themselves. minions was the weekend's big winner at the box office. 115 milliontook in

dollars, the second-biggest debut ever in north america or an animated film. only shrek the third perform better. the stories weof are watching today. york's most prominent developers are sinking one third of $1 billion into burke -- brooklyn commercial real estate. on the up with we work brooklyn navy yard. be one ofoc 72 will the largest commercial buildings to be put up outside manhattan in decades. the boston properties chairman and ceo, bill we -- bill rudin, joined us, along with we works ceo adam newman. >> two things. one is the concept. it's quite unique. two, the ceo .f the company everything depends on the personal and professional talent of the leader and i was very impressed him.

i am learning to adjust, and so see, to my high opinion of him. still, it's remarkable. >> we created this in 1995. we understood the infrastructure. adams and his company, it's not 2.0, it's 10.0. we've really taken it to the next level. when you walk into the space and you see the energy, excitement, and interaction between all the different companies and the environment that he is created, it is a very powerful asset. matt: it's a very powerful valuation, too. what do you think about the $10 billion valuation that has doubled in one year? declare the now fact that i was one of the original investors and i therefore think that it is way too low. [laughter] here is an important question that some people may

want answered. did you have to do something special at a board level that either of your company's, because it's public, because of the fact that you are personal investors to make this corporate investment in the building happen? do not invest in other companies. of our development hasn't quite a lot through the acquisition of specific holdings. we have never invested in other companies. that has never been a part of a we do. the first we works building, we did a piece on it for an old program here called rewind. it was exciting and fun, the new building sounds even more exciting based on what you built it for. with this problems area here is that there is no place to go get a beer. there isn, manhattan just not a suitable bar for everyone's needs. in the navy yards, is there a place to get a drink after work?

>> that is an excellent question. [laughter] is -- matt: it is very important. something that not people know about, part of the word collaboration comes from food and from responsible drinking, from different things that can come together and in our case on every floor that linda will be 2k that are free. free, yous that are will never see our members abusing that. it is always nice after work. more importantly the thing i will say with something like this opportunity to see a group of like-minded individuals actually doing what they love, coming together as a group. even though they each work separately, they genuinely help each other and believe that helping others will come back to them. it is an amazing thing to see.

designed the ground floor with a unique consultant here with us to create that in, soment when you walk that you can have that collaborative feeling. >> feels like something from other buildings that people know. >> it is remarkable and in my mind the most unique kind of environment. and a created a culture lot of people like that culture. if you go into a typical office building, there is very little. creating culture out of design. not just design, but function. a whole series of different ink that will provide, not uniquely for one company but everyone sort of iraq's. matt: that was more zuckerman, .ill rudin, and adam newman as well as erik schatzker. coming up, they all seemed like

separate but massive cyber attacks after some research. but there was one theme with all of them. the country that they came from. we will tell you where, in a --, next. ♪

matt: 22 million people have their personal information hijacked, this was the largest theft of u.s. government records and history. many are calling this a serious failure by u.s. intelligence agencies and these data breaches appear to be part of a coordinated campaign by chinese hackers that link longer and deeper than it should -- than initially thought. joining us to explain is mike riley. mike, roundup the attacks for us

. there was an airline issue. there was obviously a big government story you talking else today eerie at what have these hackers done that we think are all connected? 2013 going back to about there was a series of hacks that seems to be focused on personal records at this time. it started off with airlines and reservation systems. it moved on to a series of health care attack, hospitals being hit, really large insurance companies being hit. around the same time we saw a series of agencies and contractors collecting information for the security clearance process getting hit. those now all seem to be connected. -- firstt will they do of all, how do we know that they are connected?

what is the link between these and chinese origins and one chinese group? matt: even as little as 18 months ago cyber security companies were putting -- attributing these attacks the china. a lot of companies were like that this is not normally what these espionage groups go after. it looks more like what criminal groups go after, you can sell things like social security records online. one of the things that occurred sort of recently is that they have been able to do these things together by using things like forensic analysis to look at the kinds of computers that were excellent traded to. they look at malware signatures and are beginning to put them together and attach them to a single group. what appears to have happened is intelligence agencies have

instructions about what they are supposed to collect and as they get the instructions it is a long list that they get every 2014,nd apparently 2013, chinese intelligence agencies got a mandate to collect personal records. excellent stories. you can search for mike riley and are cyber security reporters. stay with us, just one hour to go until the end of this trading monday.

matt: it is noon in san francisco, 3 p.m. in new york, 3 a.m. in hong kong. >> this is "the bloomberg market day." the head of emerging

markets and morgan stanley says that china is a big problem. hear what he had to say, just ahead. alix: scott walker puts his hat in the race. we will take you to the republican state where he is set to announce his candidacy. matt: spotlight on big bank earnings, what to expect when wells fargo and jpmorgan report tomorrow? ♪ matt: good afternoon, i matt miller, fortunately here with alix steel. alix: i never get to sit next to this man anymore. i'm excited. straight to the markets right now, we have a rally underway and it seems to be somewhat stealth. not a lot of news, per se.