. >> now, they are comparing us with argentina, instead of detroit and greece.at the end of the day, the doomsday prophet, they said that we will not be able. we would very strongly. >> you went to the market but it was distressed and high-yield investors in the u.s. that's got to buy these deals and it is a distressed opportunity. this is a lot of money you have to pay back. you have to dig yourself out of a massive hole. this is in the hands of somewhat loan sharks. >> everybody said that it was to 11%. it was eight. it is still high but we were able. even better is for each dollar that we sold, there were four that were there to buy. there were offers for 14 billion dollars, $16 billion. the access is there. we need to make our economy take off. what we did was buying time. now, we have the runway and we have to improve in agriculture. >> do you need to modernize your energy system, they are double what they are in the states. if you are going to have all of this building here, manufacturing, how are you going to do it when the energy bills are so high? >> if

now they are comparing us with argentina. they have stopped comparing us to detroit or greece.hat do we need to do now? what we did was buying time, as you said before. need tourism and so the economy continues to improve. >> here you go. improved tourism, get inside and outside investment. what will it take to get out of this whole? >> there must be regulation in governance. >> also truth telling. as in this the same governor who said we would honor our obligations -- isn't this the same governor who said we would honor our obligations? and suddenly he's saying, maybe we will not. maybe we will rewrite bankruptcy law. and of course, that is, if chapter 11 even applied to the commonwealth in the first place. >> and they are not paying their bills. >> the answer to all your questions is yes, yes, and more. minded approach to how to restructure the economy. you cannot just introduce new laws. you cannot just till the very market you have been tapping and debt financing yourselves for decades. you cannot have it both ways. you cannot say, united states, we will address your tax ex

peter, thank you for being with us. argentina will meet the mediator for last-minute talks. hopes for a deal are fading fast, aren't they? >> yes, they are. there is braced ship going on here and posturing. they're planning to use the on theto take a position need to reform the international financial system and threaten with the default, which of course plays quite well domestically or she is calculating it will play well in political terms. but she cannot hope for a lot of support from members who are problems of their own. >> what impact would a default have on the global economy and the argentinian economy? >> it wouldn't have much impact on the economy. most of the bondholders have settled. only a small minority, so-called vulture funds. argentina.ood for areg into default, they cutting themselves off from access to credit from the international markets, which has happened before. they have made deals with most of their bondholders and were able to get credibility. if they do it again for the second time in over a decade, they will be cutting themselves off. this is not

argentina failed off in for the world cup in bra. fans gathered in homes and public's with germany defeating argentina 1-0. "action news" reporter, kenneth moten joins us live from south street with reaction from the crowd who watched the match there. hi, kenneth. >> reporter: can you hear them behind me, because i can. the celebration on celebration, south street was a big -- the cleanup is happening. some of my friends right here. soccer fans as far as the eye could see on south street. it was world cup fever across the city as germany took on argentina in the final. >> what do you think about argentina being in the world cup final. >> they are basically at home field. >> i thought germany would come in and be stronger than they are right now. i'm surprised at how balanced the teams are playing. >> reporter: thousands cheered and cringed and were captivated by the game. the world cup comes around every four years, fans say this felt differently. >> it has to do with the internal we have soccer bars in philly, everybody is into the culture. >> pleasant of german and argentine jersey on the back of these soccer lovers. >> we have the best goalie in the

argentina. ethan harris is with us from bank of america merrill lynch. et to the labor economy in a minute. here is a fact. argentina is not out of money. in fact, argentina is not in default. the nation is in selective default, that according to standard & poor's. the entire surveillance team has begged to lose the minutia of everything going on. give us perspective. it is a crazy political history, isn't it? >> it really is. the observation you have away from the minutiae? what gets your attention on this day of selective default? >> that argentina seems to be in a crisis every decade or so. with cristina kirchner, if she does not resolve this by the end of the term, she will leave and her husband will essentially come in to clean up. >> her husband is a marxist economy -- economist down there. is there a threat to the government? >> it's not the same as 2001. messconomy was a complete in 2001. there was a tremendous recession .or many years of aefault was a result financial crisis, currency crisis, and other things. this one was not related really to t

argentina could do fault on bonds maturing in 2033 in the country does not reach a settlement with its creditors. this latest ruling by the u.s. district judge here in argentina's case, tell ust. argentina has been locked in a long-term court battle with a group of hedge funds led by paul singer. yesterday in a court room in ordertan, judge thomas the parties to engage in continuous the negotiation's with acorn -- court appointed mediator in an effort to avoid a default that could come next wednesday. >> will this be the first time authorities talk with the media? had met separately with the court appointed mediator. a new york lawyer. they have not negotiated together as far as anyone knows. that is what will be necessary to avert this potential disaster next week. what argentina has been saying, what is this talk that they cannot abide by the judge's orders? >> a judge ruled that argentina cannot pay on its performance 1.5 billiont pays dollars to the holders of .efaulted bonds argentina claims if they pay the one point $5 billion, there will be a raft of planes coming in after it, up to $20 billion from other holdout creditors. inalso claims that a clause the structured b

with no delays. ment ukee and erika back to you. >> in business news this morning what is making whole foods stock drop. >> and why argentina having trouble paying bills. >> jill joins usith the stock exchange in new york. >> good morning, ukee in that regard defaults again. collapsed last knight. arm tina economy is in reception with short am of tlarz and highest inflation rate. >> we'll see how that afek the world markets and also here on wall street. yesterday the dow lost 31 points to nasdaq and rose he 20. whole food stock slowing. they're feeling the pain of increased competition as americans look for healthier foods. mainframe super markets are selling more organic groceries and whole foods has been cutting prices in response. and say good tie to dog and cat never easy you can seend them in style to the far reaches of outer space. a couple called celestise is suspending flights to cats and dogs. for years they're bringing them back and starting price for pets will be the same as humans. $995. for more that $1,000 give them a one way ride into the "cosmo" s, ukee and erika. >> that's a stup above from the sue pox in the back yart. >> quite app up grate. 537 thous

giving us the latest on argentina. she will be with us throughout the day.p, the federal reserve has been cutting back on stimulus. we will find out in a few hours if another one is in stores. ♪ >> coming up, waiting on the fed. we will see if the fed cuts back on the bond buying once again. he has made a fortune on hip-hop and fashion. now branching out to another form of art. stay with us. ♪ >> welcome back. we have breaking news. snapchat, one of your favorite apps, they are said to be in funding talks with alibaba and valuing the company at $10 billion. extraordinary. a ceo under the age of 27. you take pictures with the sole purpose to delete them within the next 10 seconds. >> they have 30 employees. market cap would shoot through the roof of anything we have seen so far. beeep thinking this has to it. then it is not. 10 billion from alibaba. >> we are in a revolutionary time. we have not seen disruption like this. does it take you back to 1999? >> i feel like it was an interesting idea about making communications disappear instantly. facebook has gott

argentina be contagious for other countries, as well? joining us from hong kong is analyst and consultant, peter lewis. thank you for talking with us. peter, this is a strange default, even that argentina is in a position to pay but didn't because of the u.s. court ruling. is there way this can be resolved, even though the deadline has passed? >> it could, rosemary. there's an incentive to resolve it. even for the bondholders, their weapon is forcing a default. once you've done that, you don't have many bargaining chips left. these holdouts have been trying to get paid out for 30 years. and if argentina does default, they're not going to get paid. there's incentive on them to seek a deal. and from argentina's perspective, default is not good for its economy. it won't be as disastrous as 2001, when there was a deep recession, and bank assets were frozen. unemployment surged to 25%. and people were protesting in the streets. but nevertheless, it will have an effect on the economy. it could protenlly prolong or deepen the recession. >> so, a bigger picture. i was going to ask you the impact on argentina. let's move beyond argentina to t

coming up after the break it is that the kaiser report right here in argentina national stay with us. from time to time i get emotional e-mails and broken english from quote nationalists of various sort who support the current government in kiev and it makes me wonder if young people today even know what the word nationalist means for example just last week a bill was passed in ukraine that will open up forty nine percent of the country's gas pipelines and storage facilities to european and american companies let's also not forget that joe biden son was put on the board of ukraine's largest gas producer we should also remember all the way back to the first days of the coup against you know covert what did the nationalists do first sign up big time for i am loans wow putting your country into massive debt with foreign entities now that's a nationalistic and would you think ukrainian nationalist would put ukrainians into power all over the regions of ukraine well think again because money sure trumps ethnicity what it comes to the two thousand and fourteen governors lined up and most im

with us twenty seven minutes past the hour an hour after chatting with the leader of cuba's communist revolution feed castro making a surprise stop in nicaragua and citing several agreements with argentina russia's president vladimir putin is now on his way to brazil for the annual brics summit and the world cup final paul scott is in rio de janeiro following the big trip. well later on sunday russian president vladimir putin arrives in rio for the world cup final between argentina. will see efficient responsibilities for the fee for world cup handed to russia from brazil of course russia is the host of the competition in two thousand and eighteen also present is going to be german chancellor angela merkel it's an opportunity for putin a muckle to mingle world do we know about brazil about the current host nation presumably is a false nation and despite a huge amount of open areas housing the majority of the population is still there up to seventy tribes living in the amazon rainforest who had no contact with the outside world the country's president dilma rousseff you had a fine time to buy the n.s.a. once you create brazil's own internet a lot of american countries to protect themselv

us like we were then in every world war. (laughter) and with america out of the picture it all came down to a death match between germany and argentina. naturally i assumed it would be decided based on which

the judge says the country should use the time to make out a settlement with creditors. they are willing to settle. argentina says now they might be willing to talk. ofy will send a delegation monday to meet with the court appointed mediator. >> what happens next? >> a lot of people think they might work something out. bonds have gone down in price, selling for $.85 on the dollar, they were worth $.30 when they were issued. know it is noto in the best interest of the country with rising unemployment rate and soaring interest rate. yesterday argentina did take out that at accusing the judge of trying to bring down us to our .eeds the credit default swaps were indicating a 61% chance of default. , wend some breaking news have learned puerto rico has been cut by moody's. the outlook is negative. what you make of this news? >> there has been some concern with the power authority on whether or not it would be able to make some payment it is used to make. they have had cash flow pro -- cash flow problems. assuming the extra debt is a bridge too far for s&p at this point. >> thank you. we will have more on that com

with a bang. germany takes down argentina as they use tear gas and water cannons

the former economy minister of argentina, domingo cavallo will be with us next.msung's financial stumble. it happened. they missed earnings. apple's main rival in the global smartphone market. took micron down with it, right, charles? immediately samsung comes out swinging with new products! can't keep them down. details straight ahead. ♪ she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term inj

. >> a lot of people wondering if argentina could win this cup. stay with us. we'll be right back. >> after that game yesterday, germany are through as well after overcoming up. 2-1, but it certainly was not easy. >> it was not. the game remained scoreless, but germany broke the deadlock. >> it took 92 minutes to finally put an end to germany's misery. back home, the fans went wild, mostly because until then, there had not been much to cheer about. >> sloppy soccer, but a fantastic only -- goalie. >> i was impressed with his performance as goalie. >> cheerio were aggressive from the start. time and again, they outplayed the german defense. germany was beaten, and the desert foxes almost went in front. in the second half, algeria tired, but thomas mueller could not make the advantage pay. in the second minute of extra time, germany finally had the lead. it was 2-0 in the 119th minute, but the game was not over. germany hung on for the narrow victory. >> we are back with jason in the studio. just like argentina today, germany scraping through. are they still titl

argentina, technically in default. >> technically? >> they have a 30 day grace. to make his payments. the judge wants them to use this time to negotiate a settlement with creditors. singers group says they are ready to negotiate. argentina said that the right conditions could be a talk, but right now no one is touching it. a spokesman for singer said that there have been no negotiations underway and argentina refuses to commit to negotiations in the future. >> so, what happens next year? >> a lot of people think they might work something out. their bonds were worth about $.30 when they were first issued. it is not in the best interest of a country whose economy is kind of on the brink, with rising unemployment rates, recession thomas soaring interest rates, but yesterday they took out a full-page ad in major newspapers accusing the judge of trying to bring them to their knees. so, today argentina's credit default swaps are pricing at 61% chance of default. >> mike, thank you so much. keeping an eye on argentina for us. coming up, there are bonds stock with record fines for violating u.s. sanctions, 9 billion dollars. however, investors don't seem to mi

list of places to be. >> some analysts have been saying to us this is not a repeated history and it's around a technical default with argentinassarily agreeing is james riccard, chief global strategist. he joins us on the phone. james, i noticed you've been tweeting, saying that anyone who is telling us that the argentina default is contained has never read the cross default or termination clauses in a credit soft agreement. so this suggests you think there would be ripple affects for over argentine loans. >> well, there certainly could be. now, it is true that argentina, because of its prior default, has been somewhat cut off from the rest of the global economy. but there are about 20 billion credit default swaps outstanding over and above the 30 billion or so bonds that are in question right now. and you don't know who wrote the swap, so who is the aig of the argentinian default? we don't know. the collateral itself can move around in value so there could be some shortfalls. it will be interesting to see how that plays out. the other thing is, there are so many inner linkages in the international financial system today that

friends in south america we were aboard on what came out of his maiden trip to argentina and where he's headed next stay with us. down the final. day. and the rest. of the. choose your language. clearly we can we know if you're going to. choose the consensus. choose the opinions that you think are great. choose the stories that if you. choose the access to. the street is never really dead as long as it's with us the start of the first world war one hundred years ago is a case in point and numerous ways to beginning in conclusion that conflict shapes our world today. seventeen minutes past the hour now another story we've been following this week relations between germany and the us suffer another setback germany kicked out the cia station chief in berlin after officials unmasked two alleged american spies working for a state security anger over the eavesdropping is widespread the german interior minister dismissed the information obtained by the alleged spies as laughable but said the political fallout is serious a left party member expressed outrage saying there is no longer blind trust in the u.s. and the jus

spending part of your sunday with us after chatting with the leader of cuba's revolution fidel castro making a surprise stop in a garage signing several agreements in argentina russian president vladimir putin now headed for brazil for the annual break summit to end the world cup finals paul scott in rio following the big trip. well later on sunday russian president vladimir putin arrives stay in rio for the world cup final between argentina jump me will see efficient responsibilities for the people woke up hounded to russia from brazil of course russia is the host of the competition in two thousand and eighteen also present is going to be german chancellor angela merkel is an opportunity for putin a michael to mingle world do we know about brazil about the current host nation brazil is a golf nation and despite a huge amount about bonaire is housing a majority of the population is still there up to seventy tribes living in the amazon rainforest who had no contact with the outside world the country's president dilma rousseff who had a fine time to buy the n.s.a. once you create brazil's own internet a lot of american countries to protect themselves from n.s.

marquee time between two soccer powers of the world cup, germany taking on argentina at maracana stadium. ross shimabuku joins us withhighlights. >> germany establishing dominance, they'll party all night long. you can argue the best team in germany versed the best player in lionel messi. it's the first time germany and argentina made the final. it was a physical match-up. who said soccer was not a contact sport. christoph kramer was levelled. kramer, believe it or not, came back. he would leave the match with a concussi concussion. and a whack in the head. nasty hits. scoreless in regulation. we were headed to extra time. both had their chances. in the 113th minute germany on the attack. check out the finish by goetze. coming off the bench, working his magic off the chest. let the celebration win. germany won 1-0. it's the fourth world cup title, the first since 1990. germany made history becoming the first european team to win the world cup. nick spicer watched the match in berlin. >> the game ended. germany is world champion. the fans burst into applause. tears in some cases much the partying has begun. this is th

with us. we are going to take a break for one minute and be right back. >> we are going to have the eight on sunday's big matchup. argentinais going to be facing germany. >> welcome back, everyone. the islamist militant group au courant has been blamed for at least 18 attacks on civilians in nigeria and just the last couple of weeks. the group is responsible for the kidnapping of 200 schoolgirls still being held hostage. boko haram, whose name roughly translates into western education is sinful come has killed thousands in attacks in a bid to carve out an islamist state will stop >> boko haram has affected security in the entire region. >> with tension high in nigeria's northeast, checkpoints are everywhere. in recent years, thousands of people have been killed by boko haram militants. people living here have little trust in the police. that is what this man says. he does not want to be identified. he lives near where almost 300 schoolgirls were interested. he wants nigeria's government to negotiate with boko haram. >> if we can talk to the people, men cannot do anything about this thing. if we don't do this thing, we may

with us. here come our headlines. germany basks in world cup glory after beating and -- beating argentina in an extra time thriller. >> kiev accuses russia of shooting down a military plane. >> the wreck of the costa concordia cruise liner is successfully raised. now it's off to the scrap yard. >> number four is in the bag -- germany has scored world cup victory beating argentina in the final in revision arrow, but it didn't -- in rio de janeiro, but it didn't come easy. >> they clashed in spectacular style. they couldn't get past each other's defenses -- that is, until late in extra time. >> all the hard work finally paid off. after almost 120 minutes of nailbiting deadlock, germany emerged world champions. >> we kept upping our game. we didn't let them distract them. at the end, we were world champions. it is an unbelievable feeling. >> both sides put up a fight and both sides had chances. urgency and a had the first chance after a failed -- argentina had the first chance after a failed head pass. higuain shot wide. germany's best chance in the first half came off of this header. again, no goal. after the changeover

. >> joining us live from brasilia, thank you for being with us. >> staying there in a few short hours argentina will face off against belgium. soccer matches served up fervor, daniel schweimler wept on a mission to find out what it must be like to be one of the few who couldn't care less. >> reporter: when argentina plays a match in the world cup, the nation pays attention. with crowds gathered to watch on screens, or in bars or restaurants. anywhere they can find a tv screen. schools and offices closed, the streets are deserted. as the tournament progresses, the intipsity increases. everything is blue and white. well, maybe not quite everything. >> we have heard roum ours that there are some argentines, a rare few, for whom the world cup is no big deal. we'll find one and question him. well, they are not here. we won't find them here either. here is one. this is a writer and translator who is trying to stave off world cup fever. >> trying to be totally away from it. they bombarded by tv adds. everybody is talking about it. the way you get interested is not fully interested. >> what is it like

and argentina reaches the debt, is a second default inevitable? we hear from the committee of argentine, next. stay with us. ♪ i voted for culture... ...with a 'k.' how are you? i voted for plausible deniability. i didn't kill her, david. and i voted for decisive military action. ♪ america, you cast your votes. now, go to xfinity on demand and select the people's hotlist to see this summer's top 100 shows and movies. i voted! >>> welcome back to the show. some comments from the state ta activityic service in ukraine this morning. future gdp down 4.7% year on year. follows a 1.1% contraction in the first quarter of this year. you need to focus on the situation of russia and the east of ukraine, but not only the fact that at the same time we know this is a country that is not only struggling to ease the loss of crimea, but also the fact that it's dealing with a stringent imfe program going forward, too. >> yes. in the ukraine because you have more than one -- in their life. and he said that you could use the poor states because he's competitive not in some part of the company, impossible to collect tax in mo

argentina. >> they are probably going to get crushed. it is not disheartening that you say that. you for joining us withatin america report for friday. up next, your guide to the biggest newsmakers of the week on "bottom line." stay with us. ♪ program like this -- i think from their perspective the biggest concern is that there is a suggestion that there is a pattern here. has been an ongoing story. we are now in the midst of a five-year period. it has dropped below 40%. of the fact economics are looking worse, there are strong regulations for coal. each passingth month the labor market indicators are getting better. for janet yellen it is not quite good enough. we still haven't seen an acceleration in wage growth. that has something that has been the focus of our clients and the focus of janet yellen. >> maybe the fed doesn't have a clear idea of how they are going to unwind all these unprecedented policies that have been in place for years. the fed growing their balance sheet over $4 trillion. that remains a barrier the fed is going to have to deal with -- when ites to comes time to unwind. is very cl

the former governor of the bank of argentina joins us from exclusive interview on how the country can deal withpainful date. welcome to "the pulse." great to have you with us this morning. you watched the game. how do you feel? what was the atmosphere with your compadres? >> i am disappointed, but i'm also quite proud of the performance of the team. the team performed very well. we got second. the end, it turned out to be a matter of luck. what do you think of messi's game? many said he was tired. >> he was not at his best, but he is the best player of the championship. it shows what the real argentina is. a lot of will power. maybe you don't get to the big prize. >> let's talk about the reason we are be here today, cristina kirchner has got to do a deal by the end of the month. do you think she will do a deal with the barn hold and avoid -- on hold and avoid default? will beconvinced it successful. it will be successful in they will find a solution. the government has been quite itsrmined to normalize inclusion of the capital market. the international capital market. >> do you feel assured the

in argentina where he had a meeting with the country's president cristina fernandez to catch no there was an agreement that will soon stop broadcasting on argentinian t.v. in spanish. but with no us. the agreement will expand the cooperation between russian and argentinian t.v. channels we're grateful for the opportunity for russia's r.t. spanish channel to broadcast in argentina everybody here will be able to really access the network for the first time. the president also went on to say that russia hoping to build their own global positioning satellites and they're expecting argentinian and hoping for argentinian help on that project so let's give you a bit more information about counterparts and about argentina itself cristina fernandez de kirchner is the first elected female president in argentina the keyword there was elected because isabella martin has to put on was president for two years in the one nine hundred seventy s. on this latin american told about amir peretz and also stopped off in cuba that's where he had a symbolic meeting with former leader fidel castro an influential figure who helped castro to power shake of all born in argentina with relations between the u

us. >> the world cup against argentina will be doubly exciting for residents of pÄhl because of their personal connection withs mÜller. >> i say thomas mÜller is going to shoot two goals for germany on sunday, and i am seldom wrong. >> if germany to become world cup champions, the quiet village of pÄhl, bavaria is likely to get louder for a while. >> they will not be playing that music. >> they might. it still works. result fans of not quite recovered from their team's devastating 7-1 loss against germany in the semifinal. as though that was not enough, their biggest rivals, argentina, have made it through to the final. >> so strong is the rivalry, many brazilians are cheering for germany in sunday's big match. >> it is a rainy day in rio. the world cup final will be played here on sunday, but many brazilians seem to have lost their enthusiasm. >> if the argentinians when, they will be making fun of us forever. that would be awful. they would make history and no one would ever forget that. >> brazil have missed their chance to make it to the final. to add insult to injury, it now seems their unloved neighbor

with a bang. germany takes down argentina as they use tear gas and water cannons after riots tear out . >>> i'm poppy harlow. >> i'm john berman. it is 5:00 a.m. in the east. >> israel warning an intense large scale military operation is close at hand. the crisis in the region escalating after the israeli's sent in ground forces to knock out a site over the weekend. it started a missile attack and killed 18 members. we are monitoring the developments live from gaza this morning. good morning to you, carl. >> reporter: poppy, this conflict is continuing to escalate. certainly no sign of a let up. the israeli military said in the last 24 hours, they launched 40 air strikes on the gaza strip. the military says they are trying to target tunnels used by militants and their training camps and weapons dumps. hamas, no sign they or their partners in this islamic jihad are putting their arms down. 130 rockets have been launched from the gaza strip toward israel. of course, the civilians, they are the ones bearing the brunt of this operation right now. since this israeli operation started and since hamas start

east of ukraine thanks being with us is forty minutes past midnight and i must go time now checking back on the fifa world cup finals still scoreless i can report between argentina and germany but nine minutes into the second half will update you on the much shortly but right now it's budged capital with business news from post capability. this is what we do we kill people and break. we can see something as simple as people playing soccer you can see individual players and you can see the.

that later on sunday it could well be that all its rivals argentina he was celebrating its workings paul scott reporting for us from rio and with brazil about to hand over the world cup to russia our correspondent neil harvey is in cars and one of the eleven russian cities at the host matches of the twenty eight hundred twenty. just want to give you a feel for the place so quickly here a few facts and figures first of all is the capital of the russian republic of tatarstan with a population of just over one point one million people that makes it russia's eight biggest city the kremlin now this is a world heritage site i did take a look around it earlier today and i was interested to find that there you have a church and a mosque situated practically side by side i think but it goes some way to. the reputation of sandwiches of being a place where muslims and christians co-exist very peacefully side by side a fact that probably not too many people know about the city is that in two thousand and nine the people of russia voted at the capital of the country because on is of course only one of russia's eleven host cities for the twe

with argentina. if you look at chart beat which helps us manage key words that are being used online right now argentinaan germany but if you look at facebook, facebook is the only place where germany is winning right now. it looks like the social odds are in argentina's favorite right now. but we want to keep seeing your photos and celebrations so please keep sending them with the #cnnworldcup. >> i want to let you know, fredricka, here we take the world cup very seriously. if you bliejd me, chris, our setup operator, he's wearing leader hosen. you can see he's pretty excited about the game. it's under way. please join in the conversation. #cnnworldcup. we're going to be watching it throughout. >> like the getup back there. bottom line in terms of the social media it looks like facebook against twitter. that's interesting that the two have kind of made their picks by way of their followers. thanks, laurie. very fun. appreciate it. in the fan zone. so you want to follow all of the latest world cup news at c n cnn.com/worldcup. >>> as the crisis along the mexico border gross, we'll take you live to the t

ukraine thanks for being with us is forty minutes past midnight and i'm also time not checking back on the afifa world cup final still scoreless like a report between argentina and germany but nine minutes into the second half well update you on the amount shortly but right now it's budget capital business. this is what we do we kill people and break things. we can see something as simple as people playing soccer you can see individual players and you can see the ball. you can almost see is facial expression you can see is now open crying. maybe cursed. or maybe he asked. for forgiveness for. there must be near certainty that no civilians will be killed or injured. welcome to venture capital with the k.c. building this week we've come to the heart of the moscow financial center to talk about the recent tensions surrounding the global banking industry we've also got coming up on the show our in-house investor mr tim kirby he's still involved with his metals industry will see how we go out on the second week running with service all that to come as well as corporate news and the world cup final takes place in brazil today but in four years time will happen her

argentina and germany slug it out in the world cup final in brazil. but investors and economists are looking at a very different contest between these soccer giants. peter barnes joins us from washington withtest. peter? [laughter] >> reporter: well, hey, cheryl. germany and argentina could not be more different economically which may help explain their strategies and soccer playing style. german bonds are rated aaa, argentina went bankrupt just a little more than a decade ago and is fighting in u.s. court right now to prevent another default. its rating is ccc, a junk rating. germany is largely a manufacturing economy. its biggest export is cars. argentina is largely a food and agriculture economy, its biggest export is soybean meal. partly because of the differences, one economist favors the germans this sunday. >> they really play like a bmw drives. it has a lot of power, but you also, it also, you know, steers as if you're driving, you know, with silk gloves. contrast that with argentina, i would say, which is a more rugged team which certainly has a lot of tactical acumen, they're technically gifted. but nonetheless, they really do rely on the individual genius of one particular playe

us with the highlights. we have two soccer powerhouses at the world cup - germany and argentina - on one can be victorious. >that's right, and germany established dominance. they made history. it was the best team in germany versus the best player on planet earth, in lionel messi. 800 million tuned in to watch the world cup time. and it's the third time argentina and germany had been in the files. this was a physical match up - who said soccer was not a contest sport. kramer was levelled. he came back but left with a concussion. we are seeing nasty head injuries in the world cup. it continued in the time. this match was scoreless in regulation. we headed to extra time. both had chances but in the 113th minute germany - check out the finish by mario goetze. working his magic and off the chest with a kick - let the celebration begin. germany won it 1-0. their fourth world cup title, but the first since 1990. germany was the first european team to win the one in the americas. and germany joins italy with the victory. brazil has more. >> 32 days of action, here we go. joining us. we are joined by lee wellings. h

with argentina defaulting? we'll talk about this major move straight ahead. stay with us. the world has gotten you far, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. in a we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. we stathat the kid on thehought back of the bus might have a song that he has in his head but he just can't get out. with the technology of cloud, we change all that. i can sing something into

argentina and belgium: and netherlands with costa rica. >> don't forget to join us every day for the world cup updates everything going on in brazil world cup 2014. the 20 year ode defeating gerber to become the first canadian to reach the semifinals in wimbledon. >> it was really tough. i don't have time to recover after the match yesterday and yeah, i try my best. i did everything i could. she played a match today. she hit the balls on the line, down the line and played a great match. >> she's going to face helep. >> in men's draw, much more sport on the website for all of the latest check out aljazeera/sport and details on getting in touch with the team using twitter and facebook. >> that is it for me for you. back to you. >> thank you so much. >> still to come, another full bulletin of news coming up straight ahead. don't go away. >> it's a chilling and draconian sentence... it simply cannot stand. >> its disgraceful... the only crime they really committed is journalism... >> they are truth seekers... >> all they really wanna do is find out what's happening, so they can tell peop

i didn't use hundreds of taking to the streets of gwen is there is to support president cristina character as argentina deals with huge economic difficulties because he has failed to reach an agreement with international creditors on its debt which is due to be paid by the end of july economists say that the nation's facing a technical default but the government is refusing to publicly admit it. rights activists in bahrain are calling for the authorities to stop targeting journalists of the coverage of protests and far reaching violations in the gulf nation so far six photographers have been arrested opposition leader not be able rajavi spent two years in jail says the repression is only getting worse as the international community chooses to ignore the climbdown. in the ground more repression more people in detention thousands of people behind bars thousands of people have read the country thousands of people are hitting a lot of people tens of people were killed hundreds of people were wounded. hundreds of thousands of houses been raided in a yearly basis a lot of houses being robbed by the security personnel s

argentina. you, mr. president. .hank you, mr. feldman thank you for sharing with us to her on the latest events in ukraine. thank you for the undying willingness of the secretary-general to contribute to the peaceful dialogue of our urbanization. -- of our organization. andpresident of argentina our people wish to express our sadness, our pain, and our with the family members and victims of the malaysian air pressure -- airliner crash yesterday. we give our condolences to the ukraine and to the governments of the other countries who had victims lost in the crash. ourin particular, colleagues from the from thoseives countries that were on that plane. particular pass along our condolences to those family members to solve the hope of the future, the children who ed.ish [indiscernible] argentina calls upon impartialnal investigation that will allow for an objective determination .f what happened the fax and responsibility must be determined immediately, and unhindered access must be .rovided with the media present not something for the meeting today, i would did there we

with us live pictures. this is the scene at the brandenburg gate in berlin. inmany beat argentina 1-0 extra time.this close to a penalty kick decider, but indeed it was decided index or time for germany. this is the fourth time they won the title and the first in 24 years. two and a half decades, that is all it took for me to beat argentina in the world cup final. thousands are still on the streets in germany. that is a live look at the fan mile in brandenburg gate. we will leave you with the >> four weeks, 64 games and it is all over now. germany beats argentina in the world cup. david jones shareholders vote. singapore becomes the first come -- country to release second quarter gdp figures. welcome to first up very dime angie lau. coming up from her asian headquarters in hong kong. let's start with breaking news right out of singapore. second quarter gdp grew 2.1% on a year on year basis. the 4.9%lower than growth in the previous quarter. quarter on quarter there was a contraction of 0.8%. that is also against expectations for growth. a month of early morning football has come to an end with ge

us in an exclusive interview with jon ferro. when we come back, was the world cup worth it or not for brazil? stay with us. ♪ >> welcome back. this weekend is the world cup final. germany facing argentinatill reeling from that 7-1 loss to germany. going to take a while i think. was the world cup worth it for the host nation? let's ask anthony, director of the brazil institute at king's college london. the morning to you. marks out of 10? >> i would give it maybe a seven. people were full of gloom and doom before the tournament started. there were no major problems in terms of organization. if you look at polling, brazilians became more positive about the world cup after it started. polling before the semifinal match against germany of course. people might have mixed feelings still. there is still some disquiet about spending overruns. some of the infrastructure that didn't get finished. but i think it exceeded expectations. >> that seems to be what happens around a lot of tournaments. sochi, the olympics. the loss itself, though, obviously tragic for brazilian fans the following day. all the newspapers said things like shame, tragedy. you see there crying. how devastating is it actuall

if it's inundated with water, can you ever get it out? >> tweet us. let us know. >> argentina into default. they can't pay their bills, folks. the second time in 13 years. what does this mean for global markets and your 401(k)? ♪ i voted for culture... ...with a 'k.' how are you? i voted for plausible deniability. i didn't kill her, david. and i voted for decisive military action. ♪ america, you cast your votes. now, go to xfinity on demand and select the people's hotlist to see this summer's top 100 shows and movies. i voted! >> it's just about the top of the hour. it's time for an "early start" on your money. asian stocks closed mixed. u.s. futures are down a little bit. could be a lower day for stocks. what's been a good month. on the last day of july, here is the report. the dow and s&p is up a half percent. happening this morning, argentina is in default. last minute talks failed to produce a deal with the bond demanding payment. it's the second time in 13 years. it will raise borrowing costs and make it harder to pay its bills and put pressure on the economy. stocks in a

argentina they were celebrating. so that's artie's paul scott reporting for us there from rio de janeiro and now we go to. hazaaron where our teams in your view are standing by with more one of twelve russian cities because and where they'll be hosting matches for the world cup tournament set for twenty team tell us more about how those preparations are going just. you know very good actually it's a new team out it is actually said one of the host cities for the twenty eight team will cup i just want to give you a feel for the place so quickly here a few facts and figures first of all is and is the capital of the russian republic of tatarstan the population of just over one point one million people makes it russia's eighth biggest city. friendly city i look around you find it was full of the signs here translated into english also city that has a reputation for its beautiful architecture there's no better example of that than fortunately for you the side of our camera the kremlin now this is a willed heavy teach site i did take a look around it earlier today and i was interested to find that there you have a church and a mosque situated practically shot by side i

us like we were then in every world war. (laughter) and with america out of the picture it all came down to a death match between germany and argentina. naturally i assumed it would be decided based on which country has the post living nazi war criminals. too close to call. so instead-- (laughter) it was decided with the thrilling sight of a chest volley goal in extra time followed by the terrifying sight of germans celebrating victory. kuz that never turns bad. of course this cup final has special meaning in vatican city, because pope francis is from argentina and live-in grand pope benedict is from germany. so deutscheland's win means benedict is pope again! (cheers and applause) bye-bye frank. don't let the 20 foot gilded door hit you where the good lord splittia. and nation if there is one thing i have always said about our president barack obama, is that he's an ineffectual weak ling in mom jeans. but if there's a second thing i've said it's that he's an imperial tyrant with an ire fist in mom jeans. (laughter) and facing the last two years of his life long rule, obama has sworn to use executive orders to ram his nefarious agend

with economic indicators out there, argentina, portugal and other things. the conflict between israel and hamas is dominating social media. so many people especially young people, use facebook to get news updates. does your facebook feed have a bias on the middle east? tech correspondent samuel burke joins me now. what does this mean? i know many people when i ask them how they get their news, they will say facebook and twitter. what does this mean, a bias? >> hala, i was working on a story about #jus refuse to be enemies. they were talking about how their facebook feeds were so different from each other. one every pro-israel, one very pro palestinian. i found many jews and muslims noticed the same thing in their feed. in digging into this, i realized that the facebook feed, the way that it's programmed, the algorithm might be playing into this type of bias, let's say, inadvertently. it's trying to show you the stories that the majority of your friends are liking and share. even if you have a group of friends and maybe a small portion of them are putting up stories that maybe are different from the viewpoint of the rest of your friends, they may never show up in yo

if they don't, we are going to start the geoconvention to allow us to go out russian federation. >> all eyes are on argentina withing out. their number three economy is accepting a default on its debt for the second time in 12 years. negotiations with investors reportedly are not moving while some say a last-minute deal could potentially happen. no meeting is currently scheduled between argentina and the court-appointed mediator. >>> a deal may be done for gold man saks according to sources close to the investment bank. they are reportedly discussing a settlement with the housing finance agency for mortgage-backed securities sold so fannie mae and fred dooek mac leading up to the financial crisis. this deal could cost between $800 million and $1.2 billion. >>> the busiest week is behind us but the key players are delivering results live. chief market technician katia is joining us from new york. you have compared this to the overall market performance right now, and tokyo is about your findings. >> reporter: sure. we know the s&p 500 itself is dominated by its very biggest names. names that become household names

used. rodriguez stepped up after saves had made two great to give argentina the chance to go through to the final. >> brazil have been trying to come to terms withthe shock of tuesday past event -- tuesd ay's defeat at the hands of germany. reflectpaper headlines not only disappointment, but anger, embarrassment, humiliation. >> it was indeed embarrassing and a humiliation. we feel that it could have been better. we could have had a better strategy, but it is what it is. it is football. things are unexplainable. we just have to keep going. >> germany didn't even have to work very hard. i think they only played 50% of what they could. if they had played 100%, they could have beaten us by 10 or 12. >> they were beaten by the german appetite and desire to win, and major blow to a country whose identity is so linked to that of their national team. with the world cup heading for its conclusions, europe's clubs have started their preparations for next season and that involves showing off a new signing. last season's bundesliga tops gore -- top scorer. it has been a drawnout move from borussia dortmund. at pressurer years dortmund. i knew it was time t

his maiden trip to argentina and where he's heading next we've got the story shortly. street is never really dead as long as it's with us the start of the first world war one hundred years ago is a case in point in numerous ways the beginning and conclusion of that conflict shapes our world today. please please a little hard to make out a little once again a little longer here the one that had sex with her right there no. one wanted. to. look. like. one of the people. hello again we've got some breaking news here on r.t. international a russian citizen has been killed after your training shell landed in the yard of a private house in russia's rostov region near the border with ukraine four more people have reportedly been injured in the blast russia's foreign ministry says the incident signals a dangerous escalation at the russian ukrainian border investigators are working at the scene of the attack we'll bring you more details as we get them. or despite renewed assurances from kiev that it's ready for a ceasefire with the self-proclaimed republics of didn't yet and against there's been little relief for the people in u