sandra: breaking news this morning. hope for a new greek debt plan. rally in china helping to lift stocks around the world. u.s. stock market futures up sharply across the board as we kick off ahead of the opening bell on wall street. greece's new reform plan may not to down well in greece but real question. will it fly with european leaders? we have a live report from athens. stocks ral in china after government put as floor on stocks. the shanghai market is up 4 1/2%. espn feeling heat to cord cutters. looking at big cost cuts.

i'm sandra smith joined by lauren simonetti and. latest breaking news and what to expect in the day ahead. nicole you're working on follow-up to the massive outage at the new york stock exchange. everybody is still talking about it. >> the technical glitch is still over. you still have frustrated traders and more from the sec. sandra: lauren you have cutbacks at espn. >> the question today, is espn no longer the glue that holds the pay tv industry together. more and more of us cutting the cord. what does that mean to the sports powerhouse? sandra: greece submit ad new plan to creditors in a bid to head off financial disaster. that development sending stock index futures sharply higher ahead of the open this morning. dow futures up 138 points. the proposal from athens includes changes to greece's value-added tax, including hikes

for hotels and restaurants. tax breaks given to greek islands top tourist destinations would be eliminated. also new laws for tax evasion. will the measures be enough to satisfy greece's lenders for another bailout? ashley webster joins us with the latest from athens. you must have an answer to that question, ashley? >> yeah, good luck, sandra. [laughing] before it gets to the euro group it has to get by the greek parliament in the building behind me where just a few minutes from now the committee level will take a look at these proposals, have their say on it. then it will go to a full vote of the greek parliament sometime this afternoon. maybe several hours. now there are rumors the vote will be put off tomorrow. it just goes on and on. it is being dragged out and the question is can mr. tsipras sell this not only to the greek

parliament and greek people but e.u. creditors? the irony, sandra, the idea is more severe than the one rejected last week than the huge referendum. politically for mr. tsipras is very difficult situation. he went to brussels saying we will not accept the strict austerity for bailout money. now is proposing something even more severe as far as cuts and tax hikes. so kind of a strange situation but today the head of the euro group saying they will look at proposes. they may even make a decision on it. it has to then go to eurozone finance ministers. they will give it a look tomorrow. it will go to full e.u. summit on sunday. so many hurdles to get through. will it satisfy some of greece's biggest opponents, germany in particular? don't forget this deal has to be approved by the individual countries parliaments. they have to get majority vote

in germany, finland, many other countries. so many levels of bureaucracy which is the problem in e.u. there is credibility issue. do e.u. creditors actually believe greece can put the reform measures in place and there is a lot of doubt out there, sandra. sandra: global markets previous a deal may get done or verdict on this greece debt deal may be in the works today. we're seeing rally across the globe. ashley, thank you. chinese stocks did rally for a second day after beijing took number of steps to stead did market. they hadn't worked at first but now effective. stocks up 4%, capping a wild week. they expect to see further moves from china's central bank perhaps over the weekend such as another rate cut or reduction in amount of cash banks must have on reserve. shanghai composite still down 25% from the multiyear high touched one month ago. federal reserve chair janet

yellen set to give a speech in leave land on the u.s. economic outlook and what that means for the timing of the first interest rate hike. this as global financial events intensify with the greek debt crisis and the chinese market crash. the international monetary fund continues to pressure the fed to delay raising interest rates. the securities & exchange commission is looking for some answers from the new york stocks exchange after trading on the big board was halted nearly four hours due to a technical glitch. nicole is following that story this morning as everyone still wonders, what the heck happened? >> you thought it was over. you thought the close went very smoothly and which it did and following day went smoothly but there is still a lot more behind this. nyse confirms the glitch was cause by a problem in a software update installed on tuesday evening. sec wants a full report on the outage from the big board and parent company i.c.e. fox

business learned what is in the report could affect future market regulation and determine if nyse would an fined. president tom farley is criticized not updating traders when normal operations would resume. by the way our coverage that day on wednesday of the nyse outage led to highest rated day ever for the fox business network because everybody wanted to know what was going on at the new york stock exchange. was their money safe? tom farley and the nyse came out within an hour said it was technical issues. it was not per security. but it would take a while when in fact it would be reopening. he came out -- sandra: no software updates in the middle of the trading day. that bass overnight. it was overnight. a lot of people say it should be on weekend. you're absolutely right. >> we do our upgrades on the weekend here at fox. sandra: to shutdown on trading

day. not a good thing. asian stocks finished mostly higher. nikkei is down. hang seng to the upside. in europe stocks there greatly epaing some situation on greece will happen today with green arrows across the board. the ftse is up a full percent. stock market futures taking a cue from optimism overseas. we're seeing futures down here 138. espn looking to significantly cut its budget. lawyeren you're following this story. >> i'm surprised and not surprised of the as more of us cut the chord, espn averages 2 1/2 million viewers in prime time. the pressure is building. they recently lost 3 million subscribers over past year. paying more and more for content. as a result you have "the wall street journal" reporting that espn is undergoing a major belt-tightening. includes canceling plans to move

the popular "mike and mike" show to new york city. not renewing keith olbermann's contract. espn head john skipper was told to cut 100 million next year. more than double the following year. espn owns espn. disney get as quarter of operates from the network. you pay a lot for it, more than $6 a month. more than any other tv channel. reports say that would go up to past $8 incomes three years. there are more options to get sports. sandra: really is. like fox sports. >> nbc. >> there is competition trying to get competition so they're all raising fees. sandra: they're hits some of the talent. you mentioned keith olbermann and renegotiating with guys from "monday night football," mike tirico. >> competitive environment is always better for the consumer. ws-j says a french billionaire

is interested in buying cable companies like cox communication and cablevision. the third richest man in france originally targeted time warner cable but the company announced a merger with charter communications. he plans to bring a european business model to the u.s. communications industry offering consumers a product that bundles, tv, internet, landline and mobile phone services. breaking news this morning, a deadly stampede in northern bangladesh. police say at least 23 people, including one child were killed and another 30 were injured. it happened during a charity handout in muslim holy month of ramadan. witnesses say, hundreds of people, mostly women stormed the home of a local businessman to get free clothing. major volcano eruption in indonesia. international airlines canceling flights to the resort island of bali. it blasted ash and debris more

than 12,000 feet into the air. authorities closed at least five indonesian airports. more headlines we're watching from the the the ws "wall street journal" this morning. pulling back on commitments before the congressional deadline. would hasten fda drug approval which some experts say might hurt patients. millenia media may help plug aol gap in mobile advertising. aol is in talks to acquire three ad networks. could help aol bolster growing digital business. roger goodell saying a ruling on new england quarterback tom brady's "deflategate" suspension could come soon, any day now. women men's final at

wimbledon is set and the men's semifinal is happening in hours. we'll tell you who will be on center court. stock index futures lifted across the board. you're watching "fbn:am," your first look at breaking news.

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sandra: welcome back on this friday morning. let's get you caught up on global market action. chinese stocks rallying after beijing took number of steps to stead did market. stocks closed up 4 1/2% capping what is a wild week in the market there. in asia stocks finishing the week mostly to the upside. hang seng did fall but shanghai trading to upside.

cac and the dax up in today's session. we await more news out of greece. u.s. stock market futures are up this morning. dow futures up triple digits. 139 is the gain. could soon be a decision on the tom brady's appeal of the four-game suspension due to "deflategate." roger godell told reporters yesterday that the decision was due soon and possibly next week. goodell's remarks came at annual conference in idaho. robert kraft, the patriots owner was at the conference and the men were seen together. an investigation found more probable than not that the patriots illegally under inflated footballs in the afc championship against the colts. turning to sports, serena williams is one win away from her 21st grand slam championship. she beat number four maria sharapova in straight sets.

she will meet mugarusa in the final. the other semihas second seeded roger feder meeting third seed andy murray. two women share the lead in the u.s. women's open. they shot four under 66s, giving them the lead over three players. the round was suspended due to dangerous weather. follow the action all weekend on fox and fox sports 1. the sports world mourning the loss of former raider quarterback ken staib letter staib letter who died from complications with colon cancer. he led to the raiders first super bowl win in 1977. at his request he donated hisorg fans to study degenerative disease related to athletes.

new plan for european creditors the plan will it fly with european leaders? a live report from athens. new target store takes you inside of the connected home and so will we. investor optimistic over greek debt deal with rally in china. futures sharply higher across the board as we head into the trading day. dow futures up 139. you're watching "fbn:am." this is your first look at morning markets and breaking ♪

sandra: breaking news this morning. hopes for a new greek debt plan and another big rally in china hoping stocks around the world. u.s. stock market futures up sharply across the board this

morning as we work our way toward the opening bell. greece's new reform plan may not go down well in greece. the real question, will it fly with european leaders? we'll have a live report from athens. stocks rally in china after the government put as floor under the market. shanghai up another 4 1/2%. espn feeling heat from cord cutters. the sports juggernaut looking at big cost cuts. good morning i'm sandra smith joined by lauren simonetti and nicole petallides the welcome to "fbn:am," your first look what is breaking in markets and latest news and what to expect ahead. more on greece this morning. it submitted a proposal to its creditors in a bid to head of financial disaster. the proposal has changes to greece's value-added tax and hikes for hotel and restaurants. popular tourist destination

exemptions will be eliminated. chinese stocks rallying for a second straight day after beijing took a number of steps to steady the market. stocks closed up 4 1/2% capping a wild week. some analysts expect to see further moves from china's central bank perhaps over the weekend. a rate cut or reduction in amount of cash that banks have to hold on reserve. shanghai composite is still down 25% from a multiyear high touched just one month ago. federal reserve chair janet yellen will give a speech in cleveland on her out look for the economy today. nicole, what can we expect there? markets will watch and listen. >> everybody hangs on the chairman's first words of course. yellen is about to talk about the central bank's latest assessment of u.s. economy, what that means for the timing of the first interest rate hike as the international monetary fund continues to pressure the fed to

delay raising interest rates. imf says hiking rates could stall the u.s. economy saying the fed should hold off, wait until 2016. that is not what we heard from the fed. they were talking about doing later this year. gradual. maybe a couple. this comes as global financial events intensify with the greek debt crisis. we're watching volatility in the chinese market cash. these are things central bankers are said to be monitoring closely. yellen's speech scheduled for 12:30 eastern time. as we noted she will be in cleveland. everybody will hang on her over word and we'll see whether or not we get some indication whether the fed will hike those rates, liftoff as it is revved to and when that will be. sandra: will it even be a liftoff? could be one and done. don't know if multiple rate hikes. >> imf chief economist said yellen and team, the committee, they're looking at things in the u.s., labor numbers, inflation. they're really not looking at

greece and china at the moment. >> esther george said yesterday, she is an inflation hawk, start raising and do so in gradual way. sandra: there you have it. get caught up on global markets which are surely watching all these decisions that will be coming out of the u.s. as well and asian stocks finished the week to the upside. hank seng, singapore up. mixed action there. over in europe we're seeing optimism in the middle of the trading day. you will see the foot sir, the cac and the dax all trending higher. gains as as much as one to 3% in france. u.s. stock market futures look like this. dow futures up triple digits. looking at a gain of 152 points. before you head out the door look at friday forecast with fox meteorologist maria molina t was pretty warm when we headed in this morning, maria. looks like a warm one as well? >> it will be warm. temperatures climb across parts of the northeast. many areas could look at temperatures into the upper

80s, maybe even 90s for some of you. we already have 90s forecast parts of the southeast and into the plains. raleigh and city of dallas looking at temperatures in mid '90s. widespread area could look at strong to severe storms across portions the northwest of the also in the plains and parts of new mexico. even as you head farther east into portions of kentucky. you have rick of damaging winds associated with storms and large hail and isolated tornadoes. saturday, more strong severe storms forecast. flooding is a concern across states like missouri and illinois. sandra? sandra: thank you, maria. a new target store takes inside of the connected home and so will we. espn feeling the heat from downturn in cable subscribers. we'll tell you how they're dealing with that. checking stock index futures ahead of the bell this morning, green arrows to report there. triple-digit gains for dow futures. you're watching "fbn:am." this is your first look at

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♪ sandra: welcome back on this friday morning. let's get you caught up in global markets. a wild week for stocks across the globe. lots of green arrows and lots of optimism approaching this greek

debt deal. european leaders looking at it. will they approve it? dow futures up 160 point right now. pointing to higher open on wall street. s&p and nasdaq up full percent. target has its eyes on the future with a brand new kind of store. lauren, what are we looking at? >> today in san francisco a new type of target store is opening. it's a concept store, kind of like a laboratory, that shows shoppers what the connected home looks and feels like. they teamed up with company called local projects to call it open house. you're looking part of it. showcases everything from thermostats to coffeemakers to baby monitors. all part of internet of things. that market expected to hit 1.trillion, with a t dollars in five years. target needs to tap into it in a bigger way. hence this 3500 square foot space, this store. target plans to apply what it learned at open house to every single target store that it

operates. i was reading things about this basically, i had to write it down to make my mind actually encompass it. your baby sleeping in bassinet. how it moves prompts certain music to play and also to start your coffeemaker t can tell when your baby is about to wake up, therefore you need to wake up and you need your coffee. sandra: technology is so cool. technology is the coolest. it is the wave. everybody wants it. you have to woo in some of those people sort of against technology all together. some people who love wit, some people how will you get them into the store to try it. >> it's a cool thing. sandra: if there is people willing to pay for it there is money behind it. music fans can get albums four days earlier. digital streaming moves up standard release date worldwide. here in the u.s. albums were previously released on tuesday. cutting wait could help reduce demand for pirated music.

coming up greece presents a new plan to deal with its debt. investors seem to like it. the question now will european leaders buy in? we'll have a live report from athens. sports juggernaut espn not immune from the downward spiral of cable viewership. we'll tell you where they're going to be cutting back. u.s. stock index futures getting a lift from greek optimism. another rally in china. you're watching "fbn:am," your first look at morning markets and breaking news. ♪

sandra: breaking news this morning. hopes for a new greek debt plan. another big rally in china helping lift stocks around the world. u.s. stock market futures up sharply across the board ahead of the opening bell. greece's new reform plan may not go down well with greece. but the real question, will it fly with european leaders?

we'll have a live report from athens. market puts a floor under market selloff there. shanghai up another 4 1/2%. espn feeling heat from cord cutters. the sports juggernaut looking at big cost cuts. good morning i'm san disa smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at markets and breaking news and what to expect in the day ahead. nicole looking at the follow-up to the massive outage at the new york stock exchange. something we couldn't prep viewers for. >> unprecedented day it was. the glitch is over. sec wants to know a lot more. what is more to this story? sandra: everybody asking what the heck happened and can it happen again. lauren looking at cutbacks in espn. >> is espn no longer the glue holding the pay tv industry together? we'll find out. >> all right. greece submitting proposals to

its creditors in a bid to head off financial disaer. that development sending stocks index futures sharply higher. the deadline was midnight last night. they ran it in there. a rally across the board. dow futures up 157. the proposal from athens includes changes to greece's value-added tax including hikes for hotels and restaurants. some tax breaks to given greek island popular tourist destinations would be eliminated. pension reform is also on the table along with new laws for tax evision but will these measures be enough to satisfy greece's lenders for yet another bailout? ashley webster joins us with the latest from athens. ashley, you and your produce you are down there are trying to keep us all straight here. every day it's a different deadline, different meeting. what now? >> the more you look into how the e.u. work, sandra the more you realize it doesn't work. it is just meeting after

meeting, layer overlayer. here we are in the final stretch whether e.u. keeps greece in the eurozone. where we are, the state of play if you like, the committees within the greek government will now look at those proposals that have already been sent to brussels. then following that it will be a put to the vote to the whole greek parliament and let me tell you, there are members of mr. tsipras'ser is reza party who are not happy at all say there is no way they will vote for this plan. this plan was more harsh than the one rejected last week and rejected by greek people with 60% no vote. strange irony here we are with the greek prempro posing something far worse than last week. strange but true and that is the e.u. in a nutshell. assuming it gets passed in the greek parliament it will then go to the e.u. commission who will give it a look over.

it will be put to the technocrats if you like that will go through it line by line. we're told a couple of interesting things. if the troika, imf, e.u. and european commission give a positive tonight and get positive review tomorrow we could see cancellation of the summit on sunday, basically saying this is it. it is good enough for us you get the money. sandra, so many more twists an turns to go and the greek people will not be happy with this deal, i can tell you that right now. sandra: global stock markets surely happy, ashley as we see stocks rallying across the globe. we'll see you in a little bit ashly. the shanghai closing up for the second straight day. let's get a closer look at that and rest of asian markets with tracey chang live in beijing. tracy is a reporter for china state television. good mornings, tracy. >> good morning to you, sandra. pretty good friday for markets to wrap up the trading week.

shanghai composite climbed another 4 1/2% to mark a 5% weekly gain, the first weekly gain since the peak we saw on june the 12th. here in hong kong we had had pretty sighsable recovery. hang seng is up more than 2%. chinese companies listed in hong kong had even stronger rallies. that sector rose four mers. japanese shares with choppy trading day. nikkei ended down 4 1/2%. investors worried about negotiations in greece as e.u. summit approaches. that summit is happening on sunday. in south korea, the kospi seesawed all day, finished higher. back to you, sandra. sandra: tracey chang, thank you. federal reserve chair janet yellen set to give a speech in the u.s. in cleveland on the economic out look and what that means for timing of the first interest rate hike as global financial events intensify and greek debt crisis and chinese market crash. international monetary fund continues to pressure the fed to delay raising interest rates,

looking more likely the fed funds futures say that first rate hike won't be coming until at least december of this year. the securities & exchange commission is looking for some answers from the new york stock exchange after trading on the big board was halted for nearly four hours on wednesday due to a technical glitch. nicole is following that story for us. >> this was huge. right now the nyse confirms that the glitch was caused by a problem in a software update. that update was installed on tuesday evening and the biggs glitch happened on wednesday. the sec wants a full report on the outage from the big board and the parent company ice. fox business learned what is in the report could affect future market regulation. and could term whether the nyse will be fined. the president tom farley was criticized for not updating traders fast enough when normal trading would resume. traders wanted even more details. by the way our coverage on that day on wednesday, nyse outage that everybody was watching, everybody wanted to know cybersecurity, what's going on

with my money, well, fox business fans, you're watching right now, turned out to be highest rated day ever for the fox business network. i want to quickly note some other fines. 14 million for batts back in 2015. nasdaq fined 10 million in 2013. remember the knight issue in october of 2013, disruption trading incident? you see nyse. they're not unfamiliar with fining these big guys. sandra: nicole, tell you why everybody was watching us rather than the other guys, you were on it from the beginning of the day. in the morning there had been a halt on a couple hundred stocks that quick trading. we were only ones covering it. we were first ones to cover it in the middle confident day. all went down at 11:32 a.m. eastern time, smack dab in the middle of the trading day. >> we were on it. we were covering everything. we're important on the floor. opening bell 220 names looked like they did not open. in fact they opened those manually. there were already issues at the open. sandra: there was.

>> tom farley had a great interview with us. he didn't see a lot of issues until the 11:30 time when he decided to suspend everything, fix it, take it down with a nice close. sandra: low way they came out with the information was biggest problem. >> hack, we talked about cybersecurity, hack is listed etf yesterday which is basket of cybersecurity stocks. sandra: that of course was the biggs concern and speculation that we were being hacked, that the new york stock exchange was being hacked. that is why everybody was tuning in to see if this was the beginning of the end. >> because "wall street journal" website and united glitch. three events in couple of hours seems like more than a coincidence. sandra: thankfully it was not. no hack this is week. let's get you caught up on the global markets. this friday morning european stocks green arrows there. ftse, cac and dax all higher on greek debt hopes.

stock market futures here at home green arrows. dow futures up 157 right now. and checking in on oil after the release of the latest iea forecast, international energy agency, saying that global oil demand will slow in 2016. they're warning that the rebalancing of supply and demand in oil markets, quote, has yet to run its course. you would think that would lead to lower oil prices, not at this very moment. >> let me chime in here. that is a big rise from the quote in oil yesterday. we hadn't seen a rise for couple days until yesterday. month to date we're still down 11% but that is a big move in oil. iran possibly putting a million barrels more a day on the market and other issues. sandra: floating $50 a barrel oil. espn is looking to significantly cut its budget. lauren you're following that story. >> i am. more of us cutting the cord. cheaper bills. pressure on espn because of that is mounting. espn is a network that averages

2.4 million viewers in prime time. so it lost about three million of those subscribers in the past year. it is paying more for content. as a result "the wall street journal" is reporting that espn is undergoing a major belt tightening. that includes canceling plans to move the popular "mike and mike" morning show to new york city. then not renewing keith olbermann's contract. espn president, john skipper, he was told to cut $100 million from the network budget for next year. more than double that for 27 teen. disney owns espn. 2017. we pay a lot for it, $6.61 a month. that is more than any other tv channel that you pay for. sandra: all right. "wall street journal" this morning saying a french billionaire is interested in buying u.s. cable companies like cox communications and cablevision. 51-year-old patrick drahi, third richest man in france, originally targeted time warner cable but the company announced

a marriager with charter communications. he is also planning to bring a european business model to the u.s. communications industry offering a consumers a product that bundles, tv, internet, landline and mobile phone services. a major volcano eruption in indonesia. international airlines canceling flights to the country resort island of bali. the volcano 90 miles from the bali airport blasting ash and debris more than 12,000 feet into the air. authorities closed at least five indonesian airports. coming up usa riding down canyon of heroes, call it the canyon of her owe inches. final at wimbledon is set. who will face center court and lineup of matches get underway a few hours from now. optimism over greek debt deal. rally in china lifting u.s. stock futures here at home. green arrows across the screen

on those greek debt deal talks. dow futures up 15050. you're watch -- 150. you're watching "fbn:am" the, first look at morning markets. happy friday, everyone. ♪ you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right

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♪ sandra: let's get you caught up on global markets this morning. chinese stocks rallying a second straight day after beijing took number of steps to stead did market there. it has been a wild week for that market. stocks closed up 4 1/2% capping that week. asia stocks finishing the week mostly to the upside.

the nikkei down. kospi and hang seng up. in europe stock averages all higher in the middle confident trading today there. cac in france up nearly 3%, big rally there. u.s. stock market futures pointing to a higher open. dow futures up 146 points. new york is preparing for a big party today. the world cup winning u.s. soccer team will be honored today in lower manhattan with tickertape parade through the canyon of heroes plus a special city hall ceremony. float makers working up to the final minutes putting finishing touches on the parade which begins at 11:00 a.m. eastern time. the cost of the parade estimated $2 million with the city picking up most of the tab there. turning to sports serena williams is now one win away from her 21st grand slam championship. wimbledon top seed beat number four maria sharapova in straight sets. williams will meet garbine muguruza.

the men's semifinals are today. novak djokovic will play gasqet. other semi, second seeded roger federer meeting third seeded andy murray. jordan speith struggled in the opening round of the john deere classic. he is seven shots back of justin thomas and nicholas thompson who are tied at eight under. the injury bug has bitten the mets again. rookie pitcher steven matz who burst on the scenes with wins in first two starts will be sidelined more than a month with a torn muscle in his upper back. we have fox neat roll gift maria molina for weather. good morning, maria. >> we're tracking heat across southern plains and southeast with temperatures in the middle 90s. factor in humidity it will feel

hotter. parts of pacific northwest temperatures are cooling off. they were well above average past several days. we're looking at temperatures a little more seasonable. more severe storms forecast across parts of the northwest, the plains into the parts of the mid-south. even portions of virginia included into that zone. watch out for some damaging winds with some of those storms and isolated hail and tornadoes. across parts of mississippi and also in illinois we've been dealing with flash flooding and heavy rain from many storms over the last few days. the forecast for this morning is for more rain. we have a cluster of storms that are moving through. flash flood warnings in effect and watches as well. sandra. sandra: maria, thank you. coming up on this friday morning we'll run down global market action one more time before we hand it over to maria bartiromo. stay with us. ♪

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sandra: here is final look at global market action. chinese stocks rallied after beijing took a number of steps to steady the market there. stocks closed up 4 1/2% in today's session capping ever volatile week. mixed markets in asia overnight. nikkei, small loss there. europe stocks up on optimism over greece. ftse up and cac in france. dow futures up triple digits, 153 is the gain there for now. time now for maria. by the way one quick look at commodities markets, before i

hand it over to you because we are seeing movement. the international energy agency says demand will be down for oil in 2016. we still have a rally,.of a percent. now time for maria bartiromo and "mornings with maria." over to you, maria. see you in a little bit. maria: hey, sandra see you in a about an hour. happy friday to you i'm maria bartiromo and it is friday, july 10th. with me this hour, todd horowitz of average joe options and our jo ling kent. greece the big story once again this morning. massive pro-euro rally by the greece yesterday those who want to stay in the euro made their voices heard. they will examine the recent plan by u.s. governors which includes pension cuts, tax increases. our special guest in the 8:00 a.m. is the former president of the european central bank.

another day in the green, another small win for the government of china as it tries to restore confidence in the stock market. that ising the tone for global markets. janus capital bill gross will be with me this morning in an exclusive interview about the china's impact here in the u.s. coming up at 8:00 a.m. eastern. many watched here the four hour blackout at new york stock exchange had investors on edge wednesday. our coverage why the outage happened led to our biggest ratings day on the fox business network as many of you tuned in to see what had. the exchange says the outage was caused by a glitch in upgrade the stocks exchange was trying to complete. calling unfettered pursuit of devils the dunk of the devil, pontiff said countries should not be reduced to providing raw materials and cheap labor for global countries. i talk one-on-one with former federal reserve chairman

alan greenspan coming up in our 8:00 a.m. hour. and then -- >> chew which, we're home. maria: will they or won't they. buzz at latest comic con event whether disney release as trailer for highly anticipated "star wars" film. that is due at end of the year. most expect that won't happen until august. comic-con is in san diego this weekend. new york city prepares to honor the new world cup champs the women's team will be honored in a tickertape parade in new york city this morning. we'll talk with one of our champions, ali kreeger. about the sell graduation. she will join us. rally on wall street this morning. we're ending week on the upside. take a look, we expect triple-digit move for stocks prices. it started on optimism over greece. greece submitted new proposals for a third bailout overnight. there are reports that eurozone