this is "nightly business with tyler mathisen and sue herera. >> closing record, the nasdaq reaches a new high as the it's not just techs that are driving the index to all-time highs. no deal. greece and the creditors fail to reach an agreement at a key meeting as greek banks report withdrawals. finding religion. pope francis takes aim at the essence of capitalism. profit and consumption. all that and >> good evening, everyone.

i'm rallied pennsylvanias the dotcom era high to the first intraday rec stocks acros took off on 180 points to 18,115. a 1% gain on the nose. nasdaq up 68 the s&p 500 added 20. now unlike in the dotcom era, tech stocks aren't the only drivers behind nasdaq's s >> tech stoc the majority o 53% of the index. that's not w small cap stocks right now and in particular biotech stocks. both of those indexes and those sectors closing at all-tien

because of a lot of merger and acquisition speculati and also because s really seek to harness the secrets to try to cure diseases rare diseases. an cancers. so that's wh a standout today, also at an all-time high afte positive trial results on a dwarfism drug. ra blockbuster drug. i'm bertha koontz at the nasdaq. some say stocks could have done better if there wasn't the on going concern over the greek debt talks. jitters increased today amid word that european central bank officials said they weren't sure greek banks would open on mondayy emergen meeting tomorrow about funding the

ly withdrawing money from their accounts and some say as much as 2 billion euros. and quns >> i'm here on the steps of tonight to protest against the greek government saying they're unhappy with the will leave the eurozone and hence lose the euro as a currency. >> i'm here because we want to say to the people. and i want -- >> for tt'. >> keep in mind there were thousands of protesters here e to take a hard-line t creditors who are demanding new measures when it e country. in return for 7 billion euros

wort june 30th, that's the day that the current program expires and technically the ecb can take a harder line against the greek banks. that would lead t some tough econ conditis in this country. that's also the day that greece has a payment due to the imf, 1.5 billio euros. this government says if they don't get a deal they like they're not going to pay that money and could be in default. there was a meeting today in luxembou michelle car deal was reached today in luxembourg. julia chatterley was there and has more >> more than two hours after the lu greek finance minister isi and credible program

tonight. he said that he feels like the country is being forced ol won't contemplate the possibility of an exit. i think christine lagarde gave r, credible concern for the greeks tonight. there was also rumors of concerns fro the ecb that the greek bank may not be able to open on monday. th this was the case or and how tense the negotiations are about the future of greece in the eurozo monday brussels and greece has to come up with special proposals, otherwise, there's little to discuss. we have to we

for "nightly businessor julia chatterley. consumer pr index climbed 0.4% last month the largest increase since february of 2013. higher gas prices contributed to the rise. and in other economic news, benefs lastweek. remaining near a 15-year low. jobless claims declined by the level has held below 300,000 for 15 straight weeks. well sharon the house of representatis has approved fast track trade negotiating authority, s that the t having to subject it to congressiona amendments. the vote was the second attempt to approve the measure in less than a week. lawmakers plan to vote separately on extending the

program that aids workers who lose their jobs because of imports. well governm officials call it the largest crackdown ever on suspected medicare fraud. today, attorney gener loretta lyh along with the department of health and human services secretary charged nearly 250 people with alleged false building. the amount of the suspect fraud is more than $700 million. 46 d professionals were allegedly involved in this scheme. >> the securities and exchange commissi failed enforcement actions against 36 municipal bond underwriting firms. the agency said the firms which include bank of america's merrill h unit citigroup, goldman s and jpmorgan chasevi laws by making agreed to settle

with> and there was a the avera rate for a fixe more and more would-bes are renting instead. apt construction is booming and so it turns out are rents. diana olick has the striking new numbers. developers are putting the final touches on 160 new rental units in downtown bethesda maryland where construction is finally coming back after the recession. we had a surge here over the last nine or ten months and it's really taking off. people were concerned about the oversupply but it's been great. it's really across the board. >> demand for mixed use developm with retail and restaura all within a walk to the office is coming from both baby boomers.

there's a growth and demand by the term rent by choice. it's an older renter looking to downsize that doesn't want to own anymorfull th national occupancy rate hit the highest on record in may according to ask geometrics. with highe rents. >>e nowhere buildindemand. rental demand will surge over the next 15 years b formed will be minority households, >> the que sube change in attitudes tow home ownership? no one can think that home owne was a store value that my generation once did. >> apartment construction is at its highest level in nearly three decades and it shows

little sign of slowing down. still it may not be enough to keep rents from heading higher an squeezing already cash strapped residents. for "nightly busine i'm diana olick in bethesda. still ahead, whsh in a passionate and encyclical release today, pope contribu to or at least acquiescin in the degradation of the planet leading deeply into the contentious political debate.

he said hu the cause of global climate change and owes the ecological debt to the poorer south. here to talk about how it can affect the global economy and investing, our father malone. anji ave maria un y dislike -- no i think that he has levelled a serious critique ag but the che an ideolo. in fact this pope is distru simply pointing t that there are injustices in o address them.

best accounts for that is the solution toe against capitalism really just offering a critique of it and politicians? well i think the holy father brought to bear on this encyclical his life journey. he lived in buenos aires and lived near the poor he saw the strains on drinking water, the globalizn of indifferen he's been talking about since he became pope. so i think he wa church teachingt capitalism without a conscience.i don think he came out with an indictment of capitalism per se. i thin he wa simply bringing the public square the discussi of the moral e environment. e payg close n to i am sure as a

universi looking at investment over the future. and i'm wondering if now with the catholic universities are investing? i think it very well may. ave maria university has always had a so-called catholic filter on its investment policy which means we don't invest fund actively promotin abortio or doing embryoni stem cell research and so forth. that limits the pharmaceuticals and others that you'll invest with. i t what's going to ha how can you be faithfully catholic in ligd what about the on with? i think it wi begin what he wanted which is a honest debate

and dialogue. how do you think the encyclical mig change global business parti companies involved in the use, heavy use or mining of fossil fuels? and how do you think it will change the political conversati coming to america, he's going to t policies of eg i agree th examining that ly serious ga the pressue this pope millennials and. and there's a way in which this encyclical was geared toward them and how it affects busith see this e been

oppo policyma they now stand in opposition to the pope and i don't think that that is n that he's at most credible person on the planet. questionh humans were responsible forne? in other w was not attribut largely to the actions of i'm wrong. >> i don't. you know, e document pretty closely, you'll

see that he -- what he's no consensus in the scientif community says that human beings are responsible in some measure, perhaps in large measure r what is happenih it is. and you know, i thi the consensus of the scientd feels that we have an obligation and a duty to respond. in fact, the u.s. catholic bishops said that this morning. but what claim this document makes on the conscience of an individu catholic will depend first ofis the further we the central tru

authority to bind particular pronounct has. >> let me ask you about the question this impact this could businesses and those th have significant investmes and make their money from investing in fossil fuels? >> well i think they're obviously going to be aware of what the holy father has put he comes to the pulpit so to speak. i th businesses are always and a lot of times in doing that and this is what the pope wrote abou -- you know not only a focu now elevated i think with what the holy father said today and what people will say behind him.

this is still a little bit of a political footb on the question of global warmin and even with our students at ave maria univers they're going to be wanting to study this 184-page document. there's beautiful theology and it calls all of us with wealth to question on how we spend it. >> fascinating conversation gentlemen. tim toewy and father matt it. the intersection of faith and economy right there today. thank you, gentlemen. thank you. in other news takeover that's where we begin the marke focus. send merchandising company. the market value is aroundin shares popped 26% to $6.44. a mixed quarter for kroger. the grocery store chain's bottom line topped estimates and revenue was off. the company lifted a key sa

shares were a fraction higher to close at $73.50. and for first time in 40 year shrink. burger chain plans to close more restaurantse u.s. th it opens this year. this as they trim the fat to improve lagging sales performanc despite that the stock was 1% higher to $96.17. well rite aid reports earnings that topped estimates and revenue with us just in line. same-store quarter. shares today off 3.5% in an up market t soared. even though the stock was priced well above the expected range. the firm that makes bracelets raised around $700 million wie maker. >> we're a broad focused company.

wither more clipable products scales et cetera. wed servis a the mission is to get people healthier and more ac taken in conagra. they wt to turn around what they describe as a disastrous deal. referring the $5 billion purchase of the private label food company. shares moved higher initially after hours on the report. the stock finished at $39.12. at&t was slapped with a record $100 mil fine by regulators. the fcc says they misled customers by slowing down internet speeds even though they purchased here to answer that is roger

chang, executi editor at c net. a lo? >> yeah that's the big s d as a result, yo of diffe plans and options and could be overwhelming for consumers. should they be looking at whether they're getting unlimited data or what should th be looking at iw c they make sure their speeds aren't getting slowed down? >> how much data are you using? there' about having an unlimited plan, but pe knowing how much you use is a what do you need to know about

this? the data you're using over seas isn't the same from t-mobile or at&t. you'wi pa that extra charge. t-mobile offers an unlimited data overseas but it's very slow. like almost a dialup connection. but it i your carrier for the right option for is there a best you know there's no best plan for a just e-mail just text message and getting a very bare bones plan is perfect for them. constantly stream music and video and i need a more aggressive plan. i'm constantly hitting my cap. so yeah it's definitely differ for everyone. there are tools out there, there's data calculators that you can go on the carrier

website to calculate how much you use. that will give you a good idea of what plan you should be getting. think about who else is using your plan especially if you have a teenager right, roger? >> for sure. juggling a hurdle. >> thank ymuch. gold futures rallied today past $1,200 an ounce t follows yesterday's meeting where janet yellen signalled they'll raise rates at a gradual pace. go futures are up at $1,202 an

ounce. texas wants to do something with its precious metal that no state has don before. it wants to get its gold back. kate kelly reports from austin. >> it may be more s has ceded from the union. but that independent spirit is being ch thin on friday greg abbott establisd the texas bouillon de fa for gold and other precious metals. officials t coming months will achieve a few objectives. one is to generate profits for texas, hopefully by luring gold . another is to re-establish gold as the basis for every day transact so that when you're buying somethi you can pay with a check or a credit card backed by gold as opposed to

d lastly there's protecting gold from getting in under the tenth amendment, texast when roosevelt took back citizen's gold in order to shore up the flailing economy at the time. backers of texas's new law says it may have benefits too. >> a lot of people when they talk about currency and making payments the alway think in dollars. for people all over the world and i believe that we should maintain our current i think that gold and silver are legitimate constitutionally allowable pay sm and i would like to see the state be able to do that. >> a lot remains to be seen includin if rates will be competitiv eno to lure back some $1 billion worth

we but for now -- but for now, they're enjoying a victory lap. i'm kate kelly in austin. >> finally, the treasury says a woman will replace alexander hamilt on the $10 bill. what do you think? change it leave it alone or you don't care. go to nbr.com to vote. i' i'm tyler mathisen.

announcer: a kqed television production. man: it's like holy mother of comfort food. kastner: throw it down. it's noodle crack. patel: you have to be ready for the heart attack on a platter. crowell: okay, i'm the bacon guy. man: oh, i just did a jig every time i dipped into it. man #2: it just completely blew my mind. woman: it felt like i had a mouthful of raw vegetables and dry dough. sbrocco: oh, please. i want the dessert first! [ laughs ] i told him he had to wait.