♪ a very warm welcome. this is "worldwide exchange." i'm wilfred profit. >> hi i'm seema mody. here are your headlines. >> hopes for greece fuel a global rally. stocks jump 15%. athens submits a fresh set of proposals. >> but as the greek prime minister prepares to meet creditors in brussels, german foreign leaders continue to strike. and tellico stocks avoid the

french market this after altease confirms 10 million euros. no talks ongoing. if at afirst you don't sublgd, try and try again. speculation for control of the shares at the top of the ftse 100. floushgs say greece of had inspired rally across all european markets. equities are in the green, while personal bond deals are moving lower. and enthusiasm for athens moving closer to a deal for its creditors to unlock the money. it comes after the greek cabinet made a fresh move including spending cuts and tax increases. however, from a number of greek officials in the last hours suggests there's work to be done. suggesting a deal will have to

be in line with the government's election process. let's have a quick look at the greek banks as well as you can see moving sharply higher. the likes of the bank up around 19%. and the national bank up 16%. >> we've seen a yield in the greek debt market. the ten-year bond yield calling one percentage point to around 11.7%. speculation of awe bailout program for greece being extended. also indicating that the e.u. welcomed new proposals from greek prime minister alexis tsipras as a good foundation for progress. >> let's get the update in the ground in athens. steve is live for us. good morning to you, steve. what's the latest take on the situation? >> reporter: wilfred, let me just first of all say, just looking around the heart of central athens you cannot feel anything palpable that would be

crisis-like as well. i can't see protests. i can't see queues at the banks, i can't see anyone panicking on the streets. so it's very much a normal monday morning here in greece. of course, the fear has been that this week will be anything but normal for greece as well. what we have been seeing albeit as a trick or building up over the last few weeks has been a flow of money out of the banking sector, out of governments and into people's mattress or sent overseas or what have you. because we have seen 5 to 6 billion euros coming out of the banks, 43 billion euro year to date. and the e.u. coming into a few more trenches of money, last week sending that emergency loan assistance down towards greece as well because they were worried of course about short-term liquidity. and that could add to the longer term solvency programs. i'm pleased to report none of that is normal here today. it appears that alexis tsipras

has done enough at that marathon cabinet meeting yesterday to get his own part behind a wrath of proposals to go to the commissions and say, look, we are serious about it, but while we do have our red lines. and there are changes to when people can retire early and sorting out the convoluted tax system. these are the things that we believe the tsipras government has put forward. but as we say as well selling it back home. selling it to a population is sick and tired of unemployment rocketed up to 40% to 50%. over that unemployment 25%. and percentage points coming up the sides of the economy the last few year, it's hard to argue when you look at those numbers that it hasn't worked to the degree that the president that tours hoped would.

buyer in mind will i've been coming to this country since 2009 when the passive government came in. and i stood over on the ministry of finance the other side of the parliament there. and constantin looked me in the eye and said we going to reform this country. we're going to get the best of interest. we're going to get people paying taxes. of course, those promises were on very thin house and the democracy came in and equally so. they failed to come to grips with what greece has failed to do. too many middle classes. the agreaterian interests, the shipping interests as well. and then started in action some of the law, while some of them being so confrontational, i think there may have been sympathy from some of those predators. tomorrow is going to be the d-day for the banks. perhaps that's been averted. >> steve, thank you so much. now greek prime minister alexis

tsipras is due to meet with international creditors in the next hour. this ahead of an emergency e.u. summit to discuss the latest proposals. the french foreign minister has warned that a deal with theism mf is not possible. the new prime minister says he's convinced a greek solution can be found to today. let's get out to julia chatterley live in brussels. julia, could the outcome of greece's state be decided today? >> reporter: well we hope so, just picking up from what steve was saying there, i don't think any of the skepticism about future implementation of this deal necessarily has gone away. but it's interesting how a potential crisis as far as the banking sectors in greece has focused minds. i think merkel made this very clear that look we're meeting here because of the eurozone is in cruises. the unity of the eurozone is isn't crisis. this is not about concessions of

athens. it will be similar to what was offered to greece back on june 2nd. but of course they keep reiterating that there's flexibility within that. right now, we don't know entirely what greece has put on the table to make up that gap. remember, it was meant about around 2 billion euros. that was the suggestion last week. now that gap has been married to around 500 million euros. it is all speculation at this stage. the question is with whether what they put on the table they can get around those and what they don't reiterate. from the creditors' side it's whether or not they're willing to overlook that for now and not see deeper social security reform which is one of the particular things that imf is pushing for here. that would then lead into the euro group summit around lunchtime. that's when the technical details will take place and the changes as far as the details. if we get a deal and we'll know when the final responses come

out we'll know whether or not they're positive and that will go to some of the leaders of the eurozone, in particular, too. but merkel made it clear without that deal at the euro group summit she's not going to sign off on anything. what that summit will be important for is whether or not we get some negotiation on the debt consolidation. that will be crucial for tsipras to go home and say, guys these are the conditions that i have to sign up to but ultimately we're going to get some organization on debt to sell is it back home. back to you. >> julia, thank you for that. thanks to steve earlier. not so positive in the markets over this issue but still a long way to go. let's bring you the latest. getting these from reuters. ecb government council will convene again when the time is needed. they're saying that the emergency funding cap for greek banks is being increased at the moment. of course, the usual meeting taking place as julia just told us later today. let's discuss this further,

joining us is david enchief. david, good morning. a lot of out there today. is that justified? >> well the statement from the economic affairs commissioner. saying there's a deal almost there. if that happens, of course we can get a further rally going into this week. conversely, if they can't get out of the deal we'll go legally into the reverse. at the moment they're close to compromising, a deal will be struck and we can get a further convergence. >> we did see the dax sell up quite sharply over the last ten days with the greek story. if the greek story tired itself out, how much are the markets moving then? >> well the dax as you highlight actually has been adversely impacted by this. so there's no upside here for germany. obviously, if we do get dax fund

men, eurozone is recovering and continuing to buy bonds all the way through september of next year yeah the dax will be hard hit. >> what about the bond market what could we see if a deal isn't reached from today's emergency summit meeting? >> well, that would actually spread within the system. i'm not talking greece i'm talk about italy and spain with german bonds. and a light to medium target and then maybe we can go below 100 and going forth. you will see some strength compression later this year if a deal is struck. obviously, the german bond you know, that yield may actually rise further. that's quite rational. we expect to see more volatility in the treasury particularly with the levels. >> in one sense, the bongd market has actually worked properly in the last ten days. so reacting to country fundamentals, rather than central bank policy.

so, do we now go back to if a deal is done to the same thing fits? >> well treasury markets, yes. also the market is still focusing, you know dynamics that there are risks priced into the markets, but yeah i think spreads can come in quite decisively for spanish bonds and italian bonds in 2016. >> there's been talk that perhaps a current extension to the bailout program will be announced this week. if that happens won't that be simply prolonging the greek uncertainty? and certainly that's not going to help greece's economic economy going forward. >> well you're actually right. they probably need more than a six-month wounld. when greece was recovering last year, it wasn't into the fourth quarter of 2014 that gdp was coming in. if we can get some subtlety into

the greek program maybe we can get greece recovers as well. obviously with greece they're a long way from moving into a safe space. the important thing is really for the rest of the system to get things moving a bit. >> david, let's talk a bit about the euro dollar. as we said equities and bonds we've seen it premium priced in the last ten days or so. but the euro has been strong. what's been driving that? >> i don't really know. obviously, the euro fell significantly going into the early part of this year. the euro fell fairly decisively. a weaker exchange rate was probably the way they're going to get the eurozone recovering strongly going into next year. at the end of the day, we just know the euros are weak as interest rates continue to play a role. and the eurozone is actually this huge currency surface that may get bigger. we may see over time the euro

weaken further. >> the dollar at the end of the day, that the long-term consensus trade for 2015. despite the weakness they've been seeing? >> yeah if we get a greek deal done the market will focus. >> what are you calling for? are you expecting september? >> well the call for, with jeffries, he's been right, saying december from this year two years ago, at the moment he's not know reason. but could be september, we think december is more likely. >> david owen jeef european economist at jeffries international. bringing you more on that funding story from five minutes ago, we're seeing further splashes on that. the ecb has upped its emergency elo lending to greece. so fairly positive there on the unfolding greece issue. the ecb will meet again on

greece whenever it's necessary. that's the latest. now, for a look at what would actually happen if greece failed to reach a deal head to our website, cnbc.com. and we've got something very special for to you check out, the online blog with all the action squawk box live. we are still live right now with the market action going on with hopes for a deal for greece. the full experience cnbc.com/squawkboxlive. coming up on "worldwide exchange" -- taylor swift's star power hits a high note. the singer prompts apple to change its tune of royalties on its new streaming service. we'll get to the fuel story after the break. plus dinosaurs rolling in the dough, "jurassic world" hits the $1 billion mark in two

weeks. and everybody is learning how, find out how six surfer dudes and dudettes are making their way into the guinness world book. that's coming up.

welcome back. the nikkei posting its largest

gain since june. meanwhile, chinese markets were shut for a public holiday. let's get out to live in singapore more in today's action in asia hey, steve. >> reporter: hi seema. thanks for that. really it's about greece. i think investors like the fact that athens has put a new reform package on the package. whether or not it's going to cut it with the creditors is the new question. it all depends on the greek headlines and that's going to continue told this market in asia pacific in my opinion. anyway let's talk about china, it's closed for the dragon boat festival holiday. reopens tomorrow. i think it's going to be an absolutely crucial day for china, given the fact that we've seen the meltdown happen on a friday. high leverage. high volatility. that really is the move. we saw the market down about 6.4%. big question for mainland china investors is whether that

correction continues or whether valuations and now even more compelling to entice a buying interest back into the mainland market. remember also the macro side we have pmi numbers, from the market the private forecasters looking for concessions around 149.4. that's where we stand, seema, wilf back to you. >> thank you. >> there's a lot of positive tiffty out there. there are times. let's look at the french telecom sector which soaring across the board on enthusiasm surrounding activity. altice is up some 21%. it's confirmed it has made an offer to the telecom subsidiary.

the report suggests the deal could be worth 10 million euros. a big gain for the french telecom companies. let's get out to the details. >> good morning, wilfred. this morning, it would create the largest telecompany in france, however, it's what they're willing to pay. it could pay as much as 30 billion euros in cash which would be a significant premium compared to the valuation that the company has estimated, around 8 billion euros. the week to come, they will hold a board meeting tomorrow in order to discuss the offer at this stage. but they say there are no negotiations going on with them even if the ceo says the company is not for sale. of course a significant premium could convince him to accept the deal. to avoid competition issues

they've already started some exclusively with the operator in the end, to resell a part with inspections on the tower. and this morning, the french finance minister creating an entire based only on debt. and over the weekend, we report that it was -- the time was not right for consolidation. reducing the number of operators in france from four three would lead to price increases, unless investment, as the competition would ease between the operators and also as we know it started last weeker the auction for-- week, the auction for the sale and they could have less money in the end. another big story, we're watching today, shares in the sky are rallying at the top of

the ftse 100 amid speculation that the murdock family is go for a bid. this after james murdoch was promoted. joining to us discuss from fox is ian whitaker. pleasure to have you on "worldwide exchange." two things i find interesting, the high interest in sky, and also the price that the murdoch empire is willing to pay 18 pounds a share. that is a 17% premium to the shares they're trading out right now. that's mind-boggling. >> it is if you look at sky, sky has a fantastic reputation. it's sort of two named bidders here. slightly different interests. you've got vodafone which obviously, the feeling has been left behind in terms of the

salvation of the space. buying sky would give it the major backing for the retail market. and have sky, and again, you've got a slightly different ideas of where they're going. in terms of price, there's a price at which anyone is willing to sell. the fact that murdochs are reporting for the price on this that they would say, yes, we would pay 18 pounds per share. the eventual thing is they actually named a price. suggesting that they would be billing to do a deal. >> so you're suggesting that they're willing to do a deal to make a sale of their stake, and these reports that they want to take over the rest of sky themselves is perhaps lighter than that? >> well if you look at what's happened over the past year and year and a half with this fox, which is the record for the murdochs sold it it states in

sky and it would seem strange first of all that you've now got fox considering buying sky and rebuilding those assets. the second thing, of course what's it say in terms of the price if they did make a bid would be willing to throw out the sky shareholders. you can't say this party, sky is worth 18 pounds per share and then go to the list of shareholders and say we're actually only willing to pay so many pounds. >> within the empire you could describe sky james murdoch's baby. do you think he's now the ceo of fox, do you think that has something do with it? >> possibly. the obvious conclusion is that's exactly what it is. bear in mind james murdoch, when he was ceo of sky, when he started off people were skeptical, by the time it ended people were convinced he did an excellent job with sky. the other thing to say, though i don't think he's thinking

about assets. he doesn't think that sky is working -- bear in mind competition has increased significantly in the uk market since the last bid. then i don't think it's beyond the man to believe that he would be willing to sell the stake. >> fascinating. justify the timing right. another thing we're seeing watching the telecom space, vodafone is isn't talks with combining the european mobile assets. what kind of a deal do you expect to come to the table here? >> well, if you look at it it makes a lot of sense for both parties. if you believe the report you take vodafone it doesn't really have significant pay to the assets in the european market. has the german and so forth. liberty global has given that. liberty would gain simply from that. the raw issue would be germany in terms of potential competition issues that there would be anything sort of from there. but if you take the uk market it would trade very powerfully

in. again, linking this to sky, what you get two powerful players in the market. virgin media and then you have sky which essentially is pay tv but doesn't have any significant assets. >> what's the top pick of the stocks we've been discussing? >> the top pick we've got a sell on sky. we don't cover vodafone or liberty. i think in terms of liberty, i think for those looking we probably say vivvendi is quite an interesting story. and that links to the music with taylor swift. >> thank you for joining us. media analyst at lint capital. man eating dinosaurs beat out the box office this weekend. "jurassic world" holdings to the top spot making another $1.2 million in the u.s. and canada.

it's made nearly $1 billion worldwide in just two weeks. disney's pixar "inside out" debuted in a strong second place with $91 million. that's the largest for a movie not based on a true story or sequel. but it's also the first pixar movie to not debut at number one. i haven't seen "jurassic world" but it clearly is on demand. >> i know. >> now, golf's second major of the year goes down to the final hole of the u.s. open on sunday. jordan spieth birdied on 18 after losing the lead with a double bogey on the 17th. spieth had to wait it out as justin johnson had a 12-foot eagle putt for the 18th hole. johnson missed it and it would have forced a playoff today. he now heads to st. andrews next month in search of the grand slam. still to come on the show it's said to be the biggest week

of the year for the ipo market. with a dozen firms coming to market. find out what's driving the listing frenzy state side. that's coming up, after this break.

hope for a last-minute deal on greece fuel a global rally. greek banking stocks jump over

15%. and the ten-year-old euro falls sharply after athens submits a smart bit of proposals. >> the eecb is not taking any chances. telco stocks in the region of $10 billion euro. if at first you don't succeed, try and try again. speculation that the murdoch clan is mirroring a bid for control of sky sending shares to the top of the uk events. and greece is our stop story. the ecb has reportedly raised its emergency funding gap for greek banks for the third time in just six days. this is as the pace of deposit

outflows in greece quickens. reuters said monday withdrawals hit 1 billion euros. let's get automatic to aneta with more on that story. >> thank you so much. well, they will do everything i think, what it takes to expand all of that over that day. and so we have a solution after that eurozone summit or we don't have a solution that's the crucial issue here. the governing council with the ecb is convinced if there's no solution there most likely be any eli anymore and that would mean that the greek banks face a very difficult situation. and essentially that the governor of the bank of greece was also already warning if there's no deal it will be a very troublesome tuesday tomorrow. but so far, all signs are looking quite positive. but there will be some sort of deal. and that's is why the ecb is

helping. and it's already reached 1 billion euro early in the morning. so this can only accelerate during the course of today. because, of course people are nervous, they take their cash out, which is the cash which is still remaining from greek banks. and at the same time, the assets of greek banks, we have a lot of tax-deferred assets that are also qualifying as assets there. there's not a lot left one can view. and that is what the ecb is actually handing over helping hand here at that moment in time. another source saying according to greek bankers that the ecb is willing to convene at anytime during the course of today in order to prop up that elo

ceiling again if case there's any sign of instability. you can be assured at least from the ecb, they've done everything to prop them up during the course of today, but not a lot longer until-n case the talks stay tonight. >> aneta, thank you so much. hopes of the deal is sending stocks higher today than monday. >> is it-t sounds like you're dutch today. >> there are. stocks are going higher -- >> i'm a global citizen, didn't you know. european stogs better than 3%. the ftse up about 1.3%. that scares me wilfred, because there's a promise of it coming together but as we know sometimes things don't work as plan. >> absolutely. this is strong, strong performance on the back of just hopes. >> hopes. >> that emergency summit kicking off in about two hours from now, i believe. so hopefully, we'll get some -- >> what about bonds?

>> let's take a look at the greek debt market. actually, it is important because it's not just the hopes of a deal coming together. not just helping the equity markets right now. yes, you can see yields coming off their highs. the greek two-year was at 30%. and the greek ten-year at 11.3%. the rest of the european bond market as you can see the german euro 1.8%. just ticking up a bit today. ten-year in the uk about 2% this morning. and of course europe has been weak over the last week or so. the euro despite issues in greece has been quite strong. 1.1326. sterling has been on quite a nice rally over the last month or so up to 1.586. joining us is louis castro head of cee and rate strategy.

very good morning to you. let's talk about the moves that we've seen in the u.s. in general, over the last month, because it's been very weak what's been driving them? >> well, the bond is clearly responding to a modest expectations coming from the meeting last week. i think this is absolutely fair to imagine the greek bond doesn't explode this week. if you have some sort of liquidation liquidation or at least an intention to agree in the coming weeks, we could see no risk trading bad. especially in the emerging markets. so we're trading lower as further. that could happen. >> luis we'll marketing really benefit, long-term rises from this slightly more dive as

expected or just wishful thinking? >> no i think you have to take this was a pinch of salt of course. let's just remind ourselves that prior to the meeting last week, the markets were pricing somewhere around 60% to 65% from the september high. and it's still going to be very dependent. and with the hike this year but in general, you have strong data in the coming months. so i mean it's going to be very difficult nor the markets that they somehow recalibrating the odds here. and this recalibration is probably going to lead to some dollar weakness. i still believe that we are not done yet to where the end effects will decisively perform well. it's going to be very boom and bust-type of environment over the next couple of months. with some bouts of the

performance and at certain points we realize that the feds might actually hike at the end of the year. so the markets with this transition air remarks it will be difficult for portfolio managers out there. it makes investors a little more high frequency than they would love to be. >> luis the greek story is front and center today. and the headlines over the past couple of weeks have been sending equities higher or lower. and vice versa. but the reaction to the currency market has been new to the euro holding above 110 firmly for the past couple days. why haven't we seen a reaction from the euro? >> i think the euro reaction is definitely one very interesting to observe in the markets now. and i think that some in general, the response to the assets markets is of general disbelief, with the greek moves

will upset the market further. and we know the market is a lot more isolated against a huge disturbance in terms of a strategy. and i think that the markets, it's clearly given us a sign that some investors are now a lot less concerned with a major disruption in the markets, just like the one we saw back in 2011 and 2012. >> luis final question from us what's your strongest conviction emerging market long in the currency market for the next 12 months? >> i think for the time being, we will see this environment where we could be reprising further here or recalibrating, the odds of a massive disruption due to fed. and especially we saw the greek agreement finally happen. and a risk generally speaking

looking into the high-yielding currency in our region look into real and looking into eventually indonesia. and i think these potential pockets in the market will try to recalibrate. i think that the short period which will react to battle greek results here and into the negotiations we could see these currencies appreciating or moves over the next couple of weeks. >> luis thank you. luis costa. now, apple is changing its tune. the company says it will now pay royalties to artists and record labels during the three-month free trial of its new streaming music service. this about-face comes after taylor swift complained in a post on tumblr this weekend. the pop and country superstar pulled her latest album "1989" off of apple music saying it's

not fair that artists won't be paid directly. do you think apple was right to cave into taylor swift? was that the right decision? get in touch with us with worldwide @cnbc.com. or via twitter. plus the handles on the screen as well. now, i think the most important thing on this release from apple is that they said taylor swift was echoing thoughts and opinions they got from other people as well. because, otherwise, this looks like every time a big artist wants to throw something out, apple has set a precedent that that they have to cave into their demands. >> taylor swift has been an icon especially for the millennial audience. she was traditionally known ace country star she's now being seen as this pop icon. she's only 25 years old. i just hope that she inspires other young stars to stand up for what they believe in.

kendall jenner selena gomez, among others. these artists have millions of followers. >> is she really that popular? i never heard of her before today? >> t. swift?never heard of her. >> really? >> yeah. >> they're setting their ways of coming up with their own plan innovations and sticking to them. they've caved. they've cave. i think it's a popular decision clearly, i welcome this decision. >> and you wonder if there will be pushback from shareholders clearly by paying these royalty, this could potentially cut into the bottom line. i'm sure they'll be able to -- >> for three months. >> i'm sure they'll be able to manage those costs, but at the same point, you've got to wonder if some shareholders will push back and say why are you giving

into this 25-year-old. >> 25-year-old julie london this weekend. >> are you going? >> i would love to go. i'm not obviously looking forward to the weather. i can't go to taylor swift. more on that story coming up -- also to come on the show the game of health care musical chairs continues but who will be left standing when the music stops? we'll dive into the latest rumors right after this short break. heroes charge! ♪ ♪ (explosion) ♪ hah! (explosion) ♪ lead your heroes in the hit mobile

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welcome back. the consolidation rate appears to be cranking up in the u.s. health care sector signaling a sweetened $54 billion takeover from anthem calling it inadequate. anthem went public with $184 a share bid this weekend and 18% premium to signal its closing price on friday. cigna is keeping its eye on the deal. aetna has reportedly made a takeover offer for humana. "the wall street journal" says it's unclear how much the bid will be. humana has a rocket cap of $30

billion. united health reportedly made a bid recently for humana allowing them to be more efficient and respond to changes under obamacare. let's take a look at the shares of the three companies although they haven't been rallying under speculation that some deal at some point will come together. at this point, it's just not clear. >> interesting all of these deals. we'll talk about volumes later. but this is much more concerning, i think, just excessive levels of consolidation, deals being done. and it does strike somewhat desperation. somewhat let's make the most of low interest rates, whilst we've still got them. these are big price pres we're talking about dealing that either been muted or happening. >> what's particularly interesting if you take a look at health care on the whole it's really been the pharmaceutical

or bio-tech where you've seen a flurry of m & assessment and activities losing patent expirations. and that leading to them these companies feeling the need to really use the cash that they've accumulated and put it to work to buying a smaller company that has a drug that's in phase one or phase two. the fact that they've seen this type of m & a in health care and insurance to be notable because we haven't seen this sort of consolidation in quite some time. >> health care and media consolidation in the uk and europe as well but just strikes me as a little bit too much of it going on zmrup think it's a little concerning? >> yeah a little concerning but we shall see. these huge deals, it's different when you see the big company banks, but these are massive mega mergers. almost always the service is going to be the synergy and four years down the line they don't quite come out.

we'll see these as a peak in the market. >> at this point, the market seems to like what they're seeing. this deal consolidation, if you will. the stocks have been moving higher. and we should point out that the s&p health care sector did hit a new high in last week's trade. and trading higher thorntons with the shares moving up more than 111 million pounds thorntons chairman says it's a good deal. now, it is the biggest ipo week of the year with more than 12 of them expected to raise over $12 billion. a pact with a $650 million offer. hit care sector features four debuts. 2015 has been a down year for

ipos with only roughly 40% below this the same time last year. 42 companies going public in june, the most in a single month since 1999. is it that doesn't tell you that there's some type of resilience out there. >> with excessive deals, yes, it probably marks the equity market on the back of a lig ralbig rally, but we know that. but it's not that the companies are spending in a way that they might not have done if we didn't have low interest rates, et cetera. fundamentally, with these companies. >> i think it had something to do with it. it looked at sentiment. it was a strong listing, up 38% on its first day. nobody was expecting this kind of hardware company to do demands on investors.

i think that helped to lift sentiments. now, we're expecting 12 companies to go public this week. a lot has to do with cheap debt and rising rates, wanting to get in before the fed lifts off. >> whether or not this is going to help markets or not, it's quite a bit of liquidity, around $2 billion but it's not a monstrous amount. but of course it will take attention away from traditional trading obviously what's with what's going on with china, large ipos, and i don't think we'll get that at all in the u.s. this week. but it's a headwind for u.s. equities this week. >> you're right. let's move on. jeb bush's standing is improving among american voters in the latest abc "wall street journal" poll, 75% of republicans say they could see supporting the former florida governor for president from 49% in march. bush is followed by senator marco rubio, wisconsin governor

scott walker who is expected to jump in the race next month. mike huckabee and ben carson. the least popular gop candidate, donald trump. now, only a third of republicans say they do support trump. moving on hundreds of people attended an emotional service in charleston south carolina, sunday for the victims of the tragic church shooting that left nine people dead. nbc's ron allen filed this report. ♪ ♪ you can lean on me ♪ >> reporter: hymns of faith and hope at mother emanuel's church family returned home. in the sweltering health the sanctuary packed with worshippers, praising their god and mourning the nine faithful members tragically killed in a bible study. >> no demon or hell on earth can close the doors of god's faith. >> reporter: they shouted and sang and wept and embrace. the governor eye u.s. senator

and charleston's mayor vong a diverse emotional gathering. officers stood watch. >> i want to say thank you to law enforcement. [ applause ] i got no problem in doing that. >> reporter: the spirit of the sanctuary soared to the street. hundreds gathered in a show of unity. >> we have a different community here we're more of a family community and a strength. and i think we bind together in situations like this. >> reporter: 10:00 a.m., bells tolled out there the city's renowned churches. nine minutes, one for each person who perished. the solidarity comforting to the grief-stricken families. the sim mondayymmonds mourned. >> my grandfather loved. his heart would be so full. >> i want you to know that the

members of mother emanuel want to say thank you. come on you have to know it's true. >> reporter: they called it a service of healing. a celebration of lives lost. with so many bringing their sorrow to mother emanuel, hoping to find peace. well let's have a look in at european markets and see what they're up to at the moment. they're on a tear to the upside particularly germany or france. over 3%. this comes amid optimism around greece that some deal may possibly be struck at some point. if not today, later this week. but no one else a significant correction in european markets which have been of course soft over the last ten days because of greece. lingering concerns around greece did send u.s. stocks lower on friday. but we should point out that the s&p and nasdaq in fact turned in their best week since the month of april. and futures are pointing to a very sharp move to the upside in free markets.

dow up 15 points. and 39 nasdaq on the trade. surfing with the beach boys they were waxing down their surfboards and couldn't wait for june. now, 66 surfers have broken a surfing world word in california's warm june waters. the serve dudes and dudettes got together on 42-footboards and broke the record for the most people to ride the waves on just one single surfboard at a time. more than 5,000 spectators watched the team ride the wave for 12 seconds at huntington beach. indian prime minister modi has kicked off the world's international yoga day. the leader led a session himself in new delhi with over 30,000 people tree-posing along with him. the mass class included school children and soldiers it follows on from government plans to promote the practice which some scholars say dates back 5,000 years. i just have to say this is also

the front page of the "the guardian." you can see prime minister modi right here in yoga moves and leading over 35,000 people. >> what move is that? >> i think this is called a snake. >> he doesn't look like he enjoys it very much, does he? >> this is amazing. you can imagine president obama or putin leading a yoga session? only in india. >> i think you're right, i think he's -- but modi has spoken commitment to younger things. more pr related stuff. he's a bit of a master that the stuff. >> yeah, using twitter to communicate with the broader masses. yoga, of course, comes from india. it's been adapted, well received by the western audience. modi showing, listen we are founders the yoga and we will promote it. >> i have to talk about that

stock so much -- >> it's amazing. he's in his 60s he's doing pretty well. >> he's doing pretty well. though, i don't think it's the most energetic i've seen. >> you'd be surprised. it doesn't seem it's that high intensity. but it actually say greatis a great workout. you should try it sometime. >> the only other leader tony blair playing football. >> president obama plays basketball. >> does he? >> yeah. >> very good. what's next? still to come on the show the nikkei posting its largest one-day gain since the 11th of june. we're live in asia with what's driving it. the hint is coming up after this break.

. welcome to the second hour of "worldwide exchange." hi everyone i'm seema mody. >> yes, you are, and i'm wilfred frost. here are your headlines. global relief rally under way as optimism building this as greece release its emergency lending assistance for the third time in six days. taylor swift changes its tune on royalties for industrialing service. the drama builds as cigna reportedly rejects an offer from anthem.

this has late that make the awe bid for hunan ma. two the 21-year-old jordan spieth come away undefeated in majors this year? and if you're just waking up with us on state side on the east coast it's about what, 5:00 a.m. in new york. or if you're my parents in oregon it's about 2:00 al. a little bit early there. hope you're having a good start to your day. it's interesting as we watch greece as it continues to be the top 74 for markets. the u.s. markets have been well insulated. stocks were down on friday. some of that having to do with the standoff between leaders and international creditors. the s&p and dow witness the best week in over eight weeks. >> that comes whilst the dollar has been weaker last month. i think there's one key factor that links the two. that is the fed being dovish

which helped rally. and just kept a lid on the u.s. dollar. we have steen the ten-year close at 2.5. now back to 2.3. >> i have to say we were discussing in the first hour of "worldwide exchange," the resilience of the euro despite lingering fears around greece has also been something to watch. >> absolutely it's been one of the main beneficiaries of that one-month u.s. dollar weakness. particularly with the spread of the u.s. and girl mane despite the way we've seen equities sell off quite sharply in the last ten days in europe because of greece, and today rallying strongly. >> let's keep an eye on u.s. futures. what does this mean for the u.s. market? indicating a higher open. the dow right now at 136 points. we should point out that the nasdaq was the outperformer gaining 1.3%. the dow down less than 1%.

health care discretionary the two top performing sectors. as we take a look at the european markets. we're in rally mode everyone. take a look the dax up over 300 points. that is hope of a deal coming in the emergency summit. the athens ase, we've been seeing volatility in the greek market. right now, the market is pricing in some type of progress or deal coming together, we can see the index is up better than 8%. and, of course we're seeing that play out also in the debt market. >> absolutely, let's have a look at the yields. well, of course the bond market did see yield spreads between germany in the periphery lengthen over the last ten days as countries, spain, portugal italy were affected by these fears over greece. and that's just going in the opposite direction a little bit today with the positives that seema just mentioned. in germany, still around 0.8.

and as we said at the top, the euro has been surprisingly resilient every the last two weeks, despite those greek fears. and it's basically flat tote. 113.45 still looking pretty strong overall, the euro. and a rally with the stock, 1.587 at the moment. let's look at the marks, sharif standing by. >> high will. investors over here liking the fact that the greeks have put a new reform deal on the table. but, really whether it washes with the creditors is anyone's guess. this picture, this relief that we're seeing in this part of the world as well may not necessarily hold. now, you cannot see any quotes for the china mainland market that's because it's closed for the dragon boat festival holiday. reopens tuesday after a long weekend. i think it's important tomorrow. for a couple of reasons. remember the meltdown that we

saw last week in china equities is down by we feel over 10% over the course of the week. we saw 6.4% correction downwardses on friday alone. big question is whether that correction will continue or whether valuations are even more compelling now. and that's going to entice some buying interests. the other china factor here is the macro data. we've got the flash manufacturing, from market the private forecast consensus is pointing at 49.4 a fairly modest improvement from the 49.2 with that figure on the head line the two arises that could encourage a risk capital on the mark. so that's where we stand, relief rally major as well in the back of greece. back to you now. >> speaking of greece we just got flashes that could be potentially moving. jean-claude juncker says he doesn't know if an agreement will come out today. we also heard from the prime minister alexis tsipras that

said time is for a viable solution to allow greece to grow. let's get out to steve sedgwick live in athens for more on the greek story, steve. >> reporter: yeah, seema, it's very interesting, obviously, the whole of the international media has been flying into greece in the next couple of days because they thought they were going to get some crisis moment between today and tomorrow. and then of course hoping that they couldn't get a crisis then when you see comments from juncker, you think twice. but you think greece has to blink first. the greek cabinet met, and in the last 24 hour a 5 1/2-hour meeting saying we can give in on this, this and this. ke can't give on pensions.

we potentially can on the tax code. we can on early retirement and incentives. the market got very excited, didn't it? then we saw this big rick onsk on rally. and now people are saying, wait a second the greek have to come back with something to sell it to the population answer the party. what they have to do in the future maybe some osi relief. official sector relief. perhaps changes in the interest rate charge on that enormous 300 billion euro-plus debt pile as well. and the problem is a lot of the creditors don't want to give those assurances because they want to get the greek spokesman to say you will have a sustainable path based on the austerity which we told you previously. you have to come to the table with a couple billion euros' worth of savings. but it's difficult for the greeks to do that without the other part that i mentioned, some assurance of the future.

don't forget to remind our viewers we're still only discussing the release of 7.2 billion euros which is the current bailout package as well. money that need to be paid to get that imf debt off the books to avoid some form as well. we still have the situation where the greeks need to come back with something. and whether the creditors are willing to give them that as well i think is at the roots of those comments. >> steve, thank you so much. we should point out that the euro stock index is up 3%. ahead of the one-day percentage gain since january 8th. once again, it is greece, what various leaders are saying that is driving stocks higher. let's move on and talk about apple. apple is changing its tune. the company says it will pay royalties and record artists. the about-face comes after of taylor swift complained in a post on tumblr this walked. the pop superstar pulled her latest album "1989" off apple music saying it's not fair

artists and labels wouldn't be paid directly during the trial period. and we want to hear from you on this. do you think apple made the right decision to cave into taylor swift? or have they set a precedent for future decisions. tom has tweeted saying apple should not have put themselves in this position and joe says i find it interesting that apple found itself in a similar situation to spotify, though apple with much more cash. referring to the fact whether they can deal with it or not. of course, looking forward to more of you e-mailing us via twitter @cnbc. >> taylor twist pulled her album off of spotify last year. it was seen as a risky move but "1989" her newest album has the

biggest debut, selling more than 4.9 million albums in the u.s. you got to give it to her. she made bold moves but it paid off. >> absolutely. as you say, credit to her, she's become incredibly influential. powerful would be the wrong word, i think. but she's certainly a hugely influential figure. even if you rewind 12 months even, i'm not talking five years. 12 months ago she was nowhere near this kind of following. >> i would actually say she's a powerful voice with the millennial generation. listen, she's 25 years old. she's no longer a teeny bopper she's using her mind and putting it to work to stand up for what i think is right and artists, specifically ones you in to the industry. >> it's amazing how self-fulfilling this success is. it just feed morse people

interested in them and it's a combination draw. >> absolutely. more on taylor swift coming up out there the show. tweet us @cnbc. golf the second major of the year went down to the final hole of the u.s. open on sunday. jordan spieth birdied on the 18th after losing a lead with a double bogey on the 17th. spieth had to wait it it out for dustin johnson to have a 12-foot eagle putt himself. johnson missed that opportunity and the birdie putt that would have forced a playoff in today's play. this is spieth's second major title this year having won the masters in april. he now heads to st. andrews for next month's next grand slam. >> and keep an eye on the markets because as we told you european stocks are at a one-month high, all in hopes a dry greek deal coming together. still to come how will the unfolding developments in the

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welcome back to "worldwide exchange." there's been some headlines. futures indicate a triple-digit move high tore the open for the dow. up as that builds for a greek

debt deal. taylor twist forces apple to change its tune on royalties for streaming service. and merger of from a takeover from anthem. let's get you a rundown on what to watch this trading day. home sales are out at 10:00 a.m. eastern. sales are expected to recover after dropping unexpectedly in april. the u.s. housing market has struggled in recent months as tight inventory is pushing prices up. there's just one notable earnings today. fast food change sonic after the closing bell. let's get out to john canally investment strategy at lpl. john thanks for getting up early with were us. here on the other side of the atlantic, the story is all about greece. would you say that the u.s. investor in a ways is insulated from the greek crisis.

or does greece pose an existent existential threat to u.s. investors? >> in some ways we're insulated but the better way to say this we're sort of sick of this as it's been six years we've been dealing with this. it's sort of a shame for the european economy picking up momentum in the last couple of months. now with this situation happening, that has waned. so i think what we get here this week if it's a final deal to get this done for the long term i think that's good news. but what i fear is that this is -- we're just going to go back to this in like six or nine months and we're going to be sitting here again. i don't think even if we get a short-term deal that the long-term problem in greece is actually over yet. >> but do you think that prolonged greek uncertainty could end u.s. investors into more of the safe haven trades like the u.s. ten-year or the

utility sectors that pay a high dividend? >> no i think the situation in greece for the last couple of week, even the last month or so has kept a lid on the ten-year treasury yield. i think we'll be a lot closer to 260, 270, had we not had this. and so if this does go off the rails here in the next week u.s. investors certainly will i think, head for those safe havens. now, u.s. investors have been here before. they've seen how this end, typically, and typically, these deals go up to the last minute. it looks like we're in that same line again, to go out to the last minute. so i think u.s. investors, this is not the first time they've seen this. and i think once this greek situation gets resolved "a," it's probably not over. and "b," a week from today, investors are going to be concerned about the supreme court ruling on the affordable care act. and then beyond that second quarter earnings result chrs probably the most important thing out on the horizon for the

next couple of weeks. >> i wanted to touch on another economy and one that could have a much bigger effect on u.s. equities and that's china. clearly, the data has been getting worse and worse out of china. and the market reacting to that strongly last week. if china does disappoint will the world have to sit up and notice much unlike the situation in greece but somewhat smaller? >> yes, china's economy much more tied into the global economy than greece's economy. china has, you know in the mid-2000s grew at 10% plus. now, they're growing at 7%. i think most investors used to that 7%. now some investors are questioning whether it's 7%. is it 7% 6%? what china has been doing in the last six months they've been doing two steps forward, one step back. they do a couple of steps to sort of ease the economy. they cut rates, or they do some

administrative easing. they do some fiscal spending but then margin requirements or something like that. so china's policy tool is a pretty blunt instrument. it's not as finely tuned as it is here or in the eurozone. and i think that the much bigger concern would be if china makes some kind of a policy mistake, then that would definitely have a big impact on the global economy. >> okay john final question to sum it up on the u.s. dollar despite of the fact that of course, we've had some safe haven trades going on globally over the last few weeks. we've seen the dollar index hit a one-month low. so what's been driving that? and where does the dollar head from here? >> well the dollar in the very short term is going to be moved around by fed expectations of course what we heard had from fed chair yellen was that the fed is no real hurry to raise rates. our view has been for a while that their first rate hike in the cycle is going to be november or december of this

year. the market still kind of things september. but, remember when this year began, the market felt that the fed would have already raised rate. as. i think in the short term i think the dollar's going to head a little bit lower until people can figure out when that first hike is. and then over the medium and long term i think it's still lower still, simply because the dollar or the u.s. economy still runs a pretty big trade deficit. still has a pretty big budget deficit. although it's getting better right now. over the long term that budget deficit is quite weak. i think over the longer term. dollar heads lower. once the fed begins to hint they're getting closer and closer maybe the dollar with the bid, but medium and long term i think the dollar is low. >> when and if we get that done rates will dominate investor discussion. last question to you, john they have 12 ipos on tap this week is that good or bad for u.s.

equities? >> i think it's pretty typical for this time of year before the heart of the summer vacation season to get the ipos off. i think if this were to happen at a different time of the year you might get concern that the market's getting overflooded. i think where we are in the business cycle, i think we're solidly in the middle of the business cycle. capital is relatively cheap. rates are low. there seems to be a big appetite for these kind of deals. i wouldn't take it as a warning sign simply because most of the other indicators that you can look at for the market and economy are in pretty decent shape. >> yep. thanks so much john john canally, investment strategist at lpl financial. and the game of health care musical chair continues. who will remain standing? we'll dive into the rumors right after a short break.

welcome back. let's talk m & a. williams company u.s. national gas pipeline operator is rejecting a $38 billion unsolicited buyout offer. williams did not identify the suitor, but reports say it's dallas-based energy equity. the bid is a 30% premium to williams price on friday.

the company says it's open to other offer, williams has offered advisers to explore alternatives such as sale or keep going it alone. williams takes a look at price action in frankfurt better than 16%. the consolidation wave appears to be cranking up in the health sector. cigna is rejecting a $34 billion takeover from rival anthem calling it inadequate. anthem went public with $84 a share over the weekend. cigna says it's keeping it open for a possible deal only under the right circumstances, however. let's take a look cigna up 16%. anthem up a fraction in germany today. >> lateet aetna has made a bid.

united states health the largest u.s. insurer reportedly made a bid recently for humana. u.s. insured are jockeying for deals to allow them to be more efficient and respond to changes under obamacare. and you can see the shares are mixed right now in frankfurt, hunan ma up 3.5%. the m and a story for lack of a better word exploring the synergies watching two people of opposites saying they're going to get married. you don't see the value or connection, clearly, there's something there. >> which of your friend's. >> i'm not giving any names. we see that in the celebrity world as well. >> we touched on this earlier, when synergies are muted and suggest these big deals could happen almost already done and a percentage that they claim don't quite come through. >> now, particularly in the

health sector we've seen so much of this already and it's continuing, i think it's a risk definitely. but these deals aren't happening for the right reason. it's just because interest rates weren't as low. and companies searching for growth. >> yeah, lack of organic growth pushing these companies to seek out inorganic growth through the use of m & a, and now the focus shifting to the health insured industry. clearly, there's a lot of matchmaking takes place. >> and the ipos coming up all of it coming together amit the other factors. i do think u.s. sector markets have stayed who hot too long. there's not enough fundamental good news in the u.s. economy to justify upward strength. there's a lot of headwinds to the global economy. i just don't see the growth being strong enough to justify the valuation.

>> we're looking at the german dax, despite the move today, still trading in correction territory. shanghai the chinese market of course, the china sinzen also trading in argentina, portugal. and today, a big move to the upside again on the deal. >> that's because of the geo correction in the u.s. somehow been too resilient in the face of that. >> looking at bonds in the u.s. at least just around 24. dow jones indicating a higher open this monday morning of 133 points. and the nasdaq up 38. more on the action today coming up after a short break today. don't go away.

"worldwide exchange." it's 5:30 a.m. in new york. 10:30 here in london. i'm seema mody. >> and i'm wilfred frost. here are your headlines. a relief rally under way as optimism builds for a last-had minute greek debt deal as we speak but the e.u president says there's no certainty on agreement will be struck today after talks with the agreement prime minister. apple is won over by the power of taylor swift. the tech giant changes its tune

on royalties for its new streaming service. health care giants scramble to find the right dose of m & a. cigna rejects a take over from anthem, as they make aed by for hunan ma. and a thrilled finale on the green as jordan spieth clinched the victory on the final hole putting him halfway to winning all four majors this year. now, despite stocks ending lower on friday it was the second consecutive week of gains for the dow and s&p. keep an eye on the nasdaq it was the big performer gaining 1.3%. with the comments coming from the fed and janet yellen. here in europe we're really in a rally mode. you haven't seen an uprise for quite some time.

i would say back to when the ecb announced the plans for quantitative easing. the ftse up better than 103%. and the cac 40 up. if you want to see a big move take a look. the weak index is correction territory. the hope of the deal coming forward in that emergency summit is pushing investors into stocks. we're looking at index up 7.2%. we continue to get more commentary rhetoric and noise from both sides of the table, greek leaders as well as policymakers in europe. will looks like we're seeing more. >> the flashes coming out in the last few minutes, the greeks did resubmit their proposals to brussels this morning. some details what they did submit saying greece is offering to raise the

retirementing a to 67. and 13% for energy. they don't want to increase it on that. final deal with greece is unlikely today. one particular faction saying as some comments from president hollande francoise, saying we must do anything we can. if no deal today, all must be done to allow it in the following days. and it must be a deal that's all inclusive and long lasting. the latest flashes which seema was saying with pricing in the market around 3% of gains for both germany and france. so let's get straight out to julia, she joins us on the phone from brussels with her take on the latest flashes. julia. thanks as you just said suggesting here on the sidelines, we may not actually get a deal today but it will be progress. i think at least if we're making steps in the right direction, that's a good thing. it kind of aligns with what we're seeing in the market today. the suggestion from behind the

scene, is this actually the first time that the europeans believe that the greeks are taking the situation seriously. there's some suggestion of readvisedre revised proposals this morning. and perhaps that's playing into that it they may not be' agreed today. the prime minister siptsipras and then meeting with juncker. unless the deal is final, angela merkel making it clear there's nothing they can do. the next few hours to get further progress a lot of speculation line the scenes of just what measures the greeks have proposed. the suggestion i'm hearing from the greek side rather than being around 2 billion uros short, the difference between what the creditors and greeks were offering we've narrowed that down to perhaps around 500 million euros. but speculation over what

progress can be made and what more can be made. i think as mentioned just quickly about ait, even if we do get the green light from alexis tsipras, if he goes back home and gets backlashed from the left of the party in particular and he struggles and we could see some backtracking. so there's still a number of risks here even if we do manage to get an agreement in the coming days. of course that coming from the leader today. and also on thursday too. that gives you an idea how quickly this needs to happen now. >> julia thank you very much for that update. and to our viewers in that number as well dax is up 3% as is france. some very strong moves given that we've got a long ways to go to get a fair deal. the attack on u.s. government computers that was recently exposed gave chinese hackers access. the "the new york times" said

they lost the chair on a group of attacks last summer. they reportedly gained administrative rights to the network allowing them to siphon off data. the target was the 1 million federal workers and contractors who filled out forms seeking a government security clearance. now, the revelations could cast a cloud over theis, china strategic economic dialogue getting under way in washington, d.c. secretary of state john kerry and jack lew are playing host to china china's vice premier. the meeting is aimed at the world's largest economies but concerns over espionage in the south china sea tend to overshadow it. let's talk with jim wicker, chief global strategist of western funds. what kind of developments are are you expecting from this meeting in d.c.? >> i don't think we'll see any

dramatic developments coming out of the meeting. but the important thing is it's laying a foundation for a summit conference between president ze and president obama. this will be his first visit to washington. so very significant. and the key thing is the united states and china are negotiating a burglar investment treaty. now, this is a little bit of a smaller deal than the transpacific partnership. but the transpacific partnership seems to have hit a wall whereas this other investment treaty is going ahead. this comes against the backdrop of the imf, including the yuyuan is a big deal. china and the u.s. power holding this as historic to get to a cross roads in this investment treaty. interesting things going on behind the scenes. >> james, how are relations

between the two countries? it doesn't seem that it the conversations will be happening with relations at the peak of the positivity. can we expect something to come out of it? and what are the main issues that have been affecting those relationships in recent weeks? >> well that's a good question wilf geopolitical relationships are sort of at a low. not an all-time low, but certainly, chinese ambitions in the south china sea, building these islands out of nothing, really, sort of land phil and military millitaryizeding them. and then hacking. you put a ton of personal information on them if you're trying to get a security clearance from the u.s. government it's nothing that the government doesn't want clearly your history and finances and everything else. so the chinese have access to that they can identify these people and compromise it so that's a big deal.

however, china and the u.s. have done a pretty good job of separating the. >> yogeopolitical. the chinese have defactored the yuyuan. so they're trying to end it. i don't think they'll succeed. it's all leading up to the summit conversation between president ji and president obama. >> you think both sets of economies need to see more easing, is that right? >> that's right, the reason you have currency list is basically insufficient growth too much debt. it's exactly what we had after world war ii during the great

depression. and the temptation is to still growth. that's been going on since 2010. 2011 was the age of the cheap dollar. 2013, the cheap yuan. china and the u.s. are players. they're sort of at peace for the moment. eventually one is going to grow from the temptations to stir up the currency again. >> and are you expecting any of the developments to the market moving, jim, especially when it comes to gold? >> well the gold situation is interesting. china has been acquiring thousands of tons of gold. bear in mind there's only about 35 tons of official gold in the world. estimates china has probably acquired 3,000 or 4,000 tons in the last the six years. they're not transparent about it. officially saying they have

1,000 tons but they're trying to get the gdp ratio on par with the u.s. u.s. has about 8,000 tons. there's a shallow growth growing on. you have to keep the price level. again, another interesting play. you have to ask yourself why are the chinese acquiring 3,000, 4,000 tons of gold are they stupid? do they see something coming? my experience with the chinese, they're not stupid. they know what's coming. >> we'll see what comes out of this meeting. jim, pleasure to have you on the show. jim rickards. we've been hearing from various leaders in the past couple of hours, francoise hollande speaking saying we must do everything to reach a solution as early as this evening. and we also heard from german chancellor angela merkel saying

if not given a recommendation the summit on monday will just be a discussion forum. greece's fate many say likely will be determined from this emergency summit that kicks off in the next hour. also still to come taylor swift's got bad blood with apple. find out why the music mega star is pulling from apple music. and how the company responded. we're back in two. you know i tried one of those bargain paper towels. but i had to use so many sheets per spill the roll just disappeared. i knew i should've bought bounty. bounty is 2x more absorbent and strong when wet. just look how much longer bounty lasts versus one of those bargain brand towels. and that's a good deal. bounty. the long lasting quicker picker-upper. and now try bounty with new minions prints. minions summer 2015.

>> you, it's expected to be the biggest ipo week of the year for u.s. markets, with at least 12 companies expected to raise over $2 billion. credit analysis giant transunion, that's the one you want to watch, $600 million offering. other companies planning to list run the gamut to home security cloud to braylor chicken. 2014 has been a down year for ipos, only 82 ipos so far this year. roughly 42% below last year. however, as many as 44 companies going public in june. the most since 1999. keep an eye on health care we have four expected to debut this

week wilfred. >> $2 billion, i wonder that will derail the market rally. another story to focus on apple is changing its tune on its music service after one of the world's top-selling artists flexed her muscles over the weekend. let's get all the details. landon has them from cnbc hq. apple is bound to the concerns raisedbry pop star taylor swift over the treatmenting of apple music. apple plans to launch a three-month trial but it negotiated deals with record labels to not pay musicians royalties and pay them a bit afterwards. swift didn't hold back her criticism on apple's policy. she pulled her latest a.m. bum "1989" which has sold 4.7 million companies since april. and made her thoughts made publicly in an open letter posted on tumblr. she said i find it to be

shocking disappointing and completely unlike the historically generous company. we know how astronomically successful apple has been and we know that this incredible company has the money to pay artists writer and producers for the three-month trial period. three months is a long time to go unpaid. and it is unfair to ask anyone to work for nothing. she's allowing her music to be played on jay z streaming. and apple is reversing course with an executive who overseas itunes and apple music says on twitter and the supported press the company will pay the artists for streaming.

and swift wrote these optimistic. incredibly disappointed that "1989" will not be available on apple music. >> let me tell you, i'm not the only taylor swift fan on this desk. >> the lucky thing, landon i've already downloaded anyway. >> and she's coming to london. >> and she's coming to london this weekend. >> she may be 25 but don't underestimate the power of millennials. i hope she inspires young stars to do the same use it as a powerful platform. use it to do good to express your views. don't just use it for selliefies which is what taylor swift is doing. >> absolutely. people would be pleased from all corners. we'll see what happens. >> will there be pushback from

apple shareholders? i'll be curious to see. >> moving up the consolidation that appears to be cranking up in the health care sector cigna is rejecting a deal from anthem calling it inadequate. anthem went public with its $84 billion bid this weekend. cigna says it's keeping the door open for a possible deal under the right circumstances. anthem's decision to go public comes over a dispute whether the cigna ceo david kolbani will leave the company. aetna has reportedly made a takeover offer for huemanahumana, unclear what bid on the auction block has a market cap of $30 billion. united health the largest u.s. health insurer also reportedly made a bid recently for humana.

they're jockeying for deals to allow them to be more sufficient and respond to changes under obama hair. humana up 3.5%. as we go to break, let's remind you. headlines. global market rallies as optimism builds for a greek deal. the cyberattack for the chinese administrative level access to sensitive files. and 75% of republicans say they could support jeb bush for president according to the latest "wall street journal" poll.

the president of the e.u commission jean-claude juncker has been playing out expectations of an imminent deal with degrees.

following talks in brussels he said progress was made though the two parties are not, quote, there yet. steve is live in athens with the latest, steve. >> reporter: yeah thanks very much indeed wilf. we're getting details, we understand that yes, 23% of that could roughly be in terms of buying 30. for energy. 6% for medical. the final deal likely the time and age raised to 67. these are bits and pieces which are nibbling us to warn the deal. and the heat is on greece as well. that's because there's so much pressure on the creditors as well. you got to remember not only does tsipras have to come back and sell his deal to greece and sa ritz za they said the creditors have to sell it as well. they're saying, look, angela merkel could lose an election on

this because any form could be seized by her possiblity. what happens, it contagious. and creditors it's going to hurt other creditors such as spain and italy. if there is no deal as well and greece were to pull out 0 of the eurozone it's inevitable that there would be other on skon sess as well. there's no noted signs of panic in athens. occasionally we see reports about violence on the streets, sometimes there is a little bit mostly on the periphery as well. but there are vast amounts of money coming out. system. and that's something that the bank of grooegsfof greece has talked

about as well. if we don't get a deal tonight, people start talking about capital controls and the like. back to you. >> steve, thank you very much. let's get a reaction from the cme. last week, it was all about the fed, is this week all about greece? >> well, it's going to be the investing people traders down here going home thinking we have to go every weekend worrying about a binary event. what we're not talking about how to get themselves out of the economic lows. we've got this shell game going and keeping them in the euro. but at the end of the day, it's about complete. so we have to find a way to get the unemployment rate the young people in greece stoke up that economy, because that's going to solve everything there. not just a shell game of when they can come up with the credit. >> scott thanks so much. sorry so tight today. that's all we've got time for on today's show. i'm wilfred frost. >> i'm seema mody.

we'll see you tomorrow. next up is "squawk box."

good morning, developing right now, global markets in rally mode. on increasing optimism that greece will strike a deal to divert the fault. we'll have a live from athens in just a moment. and is it merger monday? major players in the health insurance company, we've got the latest. also taylor swift calls out apple over a royalty policy. and it looks like the tech giants just blinked. monday june 22nd 2015, "squawk box" begins right now. ♪ players play play play haters hate hate hate ♪ >> announcer: live from new york where business never sleeps this is "squawk box."

♪ shake it off ♪ good morning, everybody, welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sorkin and brian sullivan. joe is out. he is son a much deserved vacation this week. unfortunately for him, he probably didn't catch the end of the u.s. open. it didn't wrap up until after 10:00 p.m. on the east coast. that's about 3:00 a.m. for where joe is right now. we did see a heck of an ending jordan spieth winning after dustin johnson missed a birdie putt on 18. it was a three-putt in the end and he could have tied it if he made that putt and continuing in an 18-hole playoff. but instead, spieth wins his second major in a row early in the season. the top story, the market's in rally mode on prospects of a greek deal. check this out, in germany, the dax is up by 3%. the