pimm: i wonder if you could describe, who is in competition with alexis of risk -- alexis tsipras?s there any party leader that has been put forth as an alternative? syriza is a coalition of the left but it had this radical against itpushing vehemently pushing against what alexis tsipras was tried to do. they were the anti-austerity card, but now they are happy to accept austerity. this is what this particular part is trying to rile against. he was the previous energy minister hedging up the left platform. there's been talk that he could set up his own splinter party and that is what currently alexis tsipras is trying to batten down and make sure does not occur. he needs a strength to push through these tough reforms in greece. matt: we are expecting to hear from alexis tsipras in a heevision address in which tenders the resignation of syriza. will he then run again as a syriza party member or with the opposition party? >> so many questions. it's part of the formula, he has to tend his resignation today to call the snap elections come september. then, he will run to remain head of

during the first cash yesterday. -- alexis sampras coming out and alexis tsipras coming out and wanting more. the economy is hampered by capital controls. there is a strong feeling here that the next few weeks leading up to this election, whether it is september 20 or september 27, we still do not know. but it will put more burden on the very week greek economy. the move was welcomed by greece's creditors. angela merkel brazil welcome to the move. but there have been warnings, saying that it may put in doubt some of the loan disbursements. of course, there are a number of very tough reforms they have to make over the next few weeks and months. as we enter this new political sphere for them, some of those reforms are now in doubt eventually. though there are more positive words, the eurozone as a whole -- on the periphery this should not be a big problem for them. caroline: of course, what has prompted this is that he saw so many of his own party -- about one third of them basically mutiny against him. is he hopeful that this will go in his favor and he can start to get more strength on

not,ie: believe it or alexis tsipras is extremely popular at the moment.hat is why they want it to precipitate this before the painful measures were implemented. he wanted to maintain this popularity and basically get ahead in the polls. it looks like he will yet again be voted in. this time he may not even need a coalition government. anchor: natalie speaking to merely her. moving to the latest on europe's crisis, the united nations says more than a quarter million people have crossed the mediterranean from the middle east and africa the sheer, causing major headaches for european governments. one of the worst bottlenecks is in northern france where people have been trying to illegally board trains and vehicles bound for the u.k. today an agreement for tough new measures. we have the details from london. reporter: the french interior minister and his british counterpart have announced a big deal today. this has been signed by them on behalf of france and the united kingdom. its main objective is one of security. you have increased cctv, higher channel tun

alexis tsipras resigning to call an early election.may be held on september 20, adding another element of uncertainty as athens secures $95 billion in a bailout. political observers say alexis tsipras aims to return to power with a more manageable coalition. we have not achieved the deal we were hoping for in january. we have made concessions, but we struck a deal that, given what we inherited, was the only one that could succeed. checking on the markets in play in asia this morning, asian stocks have been declining all week, now at the lowest level this year. new zealand down .3%. at $.66 u.s. thailand, the index has been under pressure. in japan, nikkei futures pointing to a lower open. dollar yen at 123.45. hong kong stocks flirting with a market with-- bear the turmoil. juliette saly is watching for us. >> it is a so-called "death crash." what we are seeing is a lot of fear coming through the market in the latter part of the day. about 1.8%.wn by foreign investors bailing out of the hang seng index of growing concern over weakness.

snap elections by alexis tsipras are called.t mean for the stability of the government and getting through the reform process that has been so hard? we are in contraction territory. off from 10% from the previous highs. the stoxx 600 is feeling this. if you dig down to who is sending off the most, the companies exposed to china and asia. technology, our holdings, often by 2%. the biggest chip designer in the world, the designs go in most of our mobile phones, there is a key concern about china growth dragging that lower. let's look at the stoxx 600. it is currently off by 6/10 of a percent. we are seeing the stoxx 600 also enter correction territory. that means that it is 10% off of its previous ties. this is up 8% from its previous high, but we are lower than 10%, that means contraction territory. we want to see what happened to certain assets on the back of the manufacturing data. big move in the aussie dollar. we saw that despite lower. australia, a big resource of player. it feeds into china, one of its biggest trading partn

more political turmoil following alexis tsipras' resignation.nalysts say it is the wrong time for the greek government to take its eyes off the ball. >> the challenge of the reform agenda is actin the melting pot. if there is any backsliding on the implementation and the bailout package is also at risk. reporter: greece's creditors are taking the news in stride saying snaffle elections change nothing about the deal but german officials have warned that if reforms are delayed, payments would also be delayed. some analysts in greece are also matter of fact. >> or should not forget that there is a deal on the table now. a major problem has been diverted at least in the short term also think -- and thanks to the loan tranche. alexis tsipras is the link -- expected to win an election if it comes about. that would mean his mandate would be strengthened before voters feel the extent of more austerity. anchor: we have talked about greece a lot this week. time for a health check on economies elsewhere in the eurozone. spain, portugal, and ireland are fac

more political turmoil following alexis tsipras' resignation.nalysts say it is the wrong time for the greek government to take its eyes off the ball. >> the challenge of the reform agenda is actin the melting pot. if there is any backsliding on the implementation and the bailout package is also at risk. reporter: greece's creditors are taking the news in stride saying snaffle elections change nothing about the deal but german officials have warned that if reforms are delayed, payments would also be delayed. some analysts in greece are also matter of fact. >> or should not forget that there is a deal on the table now. a major problem has been diverted at least in the short term also think -- and thanks to the loan tranche. alexis tsipras is the link -- expected to win an election if it comes about. that would mean his mandate would be strengthened before voters feel the extent of more austerity. anchor: we have talked about greece a lot this week. time for a health check on economies elsewhere in the eurozone. spain, portugal, and ireland are fac

i mentioned alexis tsipras remains popular, according to the latest polls.ut in the last election in january he won over a lot of votes with the new democracy. now we are seeing possibly a resurgent new democracy going through new leadership that they can get their act together. platform,ave the left that can break away to some degree. it will pose a challenge. >> i think we have two dividing lines. there is another one that separates us from the old establishment. they are after political leaders. the greek electorate is going to -- that explains the strong popularity. tom: and that is despite the u-turns, going back on the original mandate? >> we are not making a u-turn. we are obliged to make a forced compromise. trying to come to the balance, that exists within. we have developed a measures. tom: minister, talk us through some of those reform processes. you mentioned that there will be an ongoing discussion. how is that going to look? what kind of shape is that going to take as we lead up to that all-important october? it is not an contained in the other

alexis: the president calls it his bucket list in some ways. of going to alaska, where he'll be going this coming week, they're celebrating that as the first sitting president arctic. visit the this is his list and he is saying, i want to fulfill the made to the electorate in 2008. gwen: is there any state he hasn't hit yet? i think this may be the last one. alexis: yes, he did. gwen: thank you, everybody. we have to go for now. always, the conversation will continue online, on our "washington week" webcast extra where we will discuss the politics of hair, the hillary-trump edition. really. for more serious stuff, check out our website. my blog about new orleans 10 years after the storm, that's at .bs.org/washingtonweek and keep up with developments with me and judy woodruff every the pbs newshour. we'll see you next week on week."gton >> corporate funding for provided byweek" is prudential. is providedunding by newman's own foundation. froming all profits newman's own food products to charity and nourishing the good, the corporation for public

a press. -- alexis tsipras. pimm: former president jimmy carter saying he will begin radiation treatment on cancer on multiple spots on his brain. his first treatment is scheduled for this afternoon. that liver surgery had found cancer that spread to other parts of his body. it is still not clear where exactly the cancer originated. the former president said he will reduce his work for the part carter center to medically. >> we've planned on dramatically percent -- we have not done it yet. we talked about it when i was 80 come again when i was 85 and again when i was 90. to carry outfor us this plans. pimm: he is 90 years old. his father, brother and two sisters all died of pancreatic cancer and his mother also had the disease. pimm: another sign of strength in the housing market come existing home sales rose 2% in july to the highest level since february of 2007. economists had forecast that sales would fall. he is bullish on housing bradley and seize opportunities in the sector >> if you look at housing afford

prime minister separates said it was necessary -- alexis tsipras said it was necessary. my decisionregret to compromise on a bailout deal when the alternative would have heroic suicide for the greek people. opposition accused the finance minister of making provocative comments ahead of the vote. officials criticized alexis tsipras, saying he broke the anti-a sturdy pledges he campaigned on. pledges heterity campaigned on. >> another bailout. government is this? no matter what the people vote for, fight for, or what the outcome of the referendum is, bailout it is. the x finance minister refused to support the bailout. greece is due to pay more than 3 million euros to the european central bank. the worstre seeing refugee crisis since world war ii. that's according to the eu migration commissioner, who added that the situation in greece is especially urgent. the contrary is set to receive further emergency funding and has the -- country is set to receive further emergency funding and has intensive thousands of arrivals in the alone.nth >> the continent has been caught off g

they said to the greek people that alexis tsipras means new memorandums. a new era in greek politics. , but theo struggle solution is in front of us. >> tom mackenzie, bloomberg. angie: just ahead, singapore at a crossroads. we will take a closer look at the elections critical to the future. this is angie: checking stories making headlines around the world, the americans who helped divert a shooting on a paris-bound train acted on instinct. they have spoken publicly for the first time since the incident friday. two of them have military training, but they were on holiday when an armed man tried to open fire. man and a british citizen helped subdue the attacker, a 25-year-old moroccan who authorities say has links to radical islam. police say luck will be needed to catch the people behind the bangkok bombing. almost a week after the attack that killed 20 people, a reward for information has been raised to $85,000. the investigation appears to have made little headway. video and a sketch of the suspect, but he has not been identified. singapore has been prom

of: lastly, the chances success in these elections by alexis tsipras. do you think he is likely to be a stronger prime minister as a result of these developments and that election in september? it depends on what you compare. if you compare his influence before he signed the agreement, .e will be much, much weaker whether he will be able to convince the greek population that there is no way -- no other way and that it is necessary to vote for him is something that has to be seen. complicated equation to predict. the only thing that one can say is that time is running out for mr. tsipras and six lanes when he is in such a hurry. obviously, if he can obtain something now, is much more than what he would obtain months later. and for this reason i think from the tactical point of view it was completely rational to rush to elections. tom: professor, thank you very much indeed for speaking to us on "france 24." nhe turkish president erdoga says fresh elections will be held in november after a vote in june failed to produce a majority, unless the ruling party

president alexis tsipras. >> the terror, the confusion was something unbearable. >> reporter: two yearsince chemical attacks in syria killed hundreds and we speak to survivors still waiting for justice plus macedonia police fire tear gas to stop thousands of refugees crossing the border from greece. >>> in sport tiger woods find ishis range and the best round in more than two years after missing the cup in the p.g.a. championship. ♪ we start on the korean peninsula where the south korea defense ministry is urging the north to stop its provocations, tensions have increased between north and south following exchange of fire on thursday. both countries say they put their militarys on high alert. north korea's leader kim jong un had an emergency meeting late on thursday and according to state media there he told the front line troops to be fully prepared to launch operations, the south korea government has moved 80 people on the border in bunkers after exchange of artillery fire and we have harry in south korea and it's not the first time we saw racheting up of tensions between north and so

alexis tsipras has resigned to clear the way for snap elections. he said he wanted a fresh mandate to implement the bailout deal negotiated with international creditors. the leftist leader is seeking to enter -- within his party. september 20 is the most likely date for greeks to go to the polls. >> it has been seven bruising months. it has been leading building up to the announcements. it will give greece another chance to decide to go along with the creditors demands. >> you, with your vote, will decide if this agreement is enough to get out of the dead and we have reached and for the economy to rebound. for us to finally extricate ourselves from bailout and austerity. reporter: nearly one third of lawmakers refused to back the bailout agenda in parliament last week. some say the decision to return to the ballot box will deepen political uncertainty. others believe it will enhance his popularity with greek voters and allow him to read his party of anti-bailout rebels hampering the government. residents have mixed feelings. >> it is the only way.

prime minister alexis tsipras said it was necessary. i do not regret my decision to compromise on a bailout deal when the alternative would have been a heroic suicide for most of the greek people. vote -- had toto rely on those from the new democracy party. the finance minister was accused of making provocative comments ahead of the vote. [shouting in greek] senior series officials criticized tsipras, saying he broke the anti-austerity crutches he had run on. >> we are now introducing a leather -- another lovely bailout. whatever the greek people look for, no matter what they fight for, no matter the outcome of the referendum. syrizap's from tsipras party, including yanis varoufakis, refused to support the bailout. august 20, greece is due to pay more than 3 billion euros to the european central bank. molly: for more on the story, i am joined in the newsroom by a member of the think tank europe nova. you are also a former economist at the imf, so we will go into some questions about what we are going to see in the coming days. we have s

angie: the resignation last week of prime minister alexis tsipras is almost certain to lead to september elections.

alexis: la economÍa estÁ muy mala hoy en dÍa.e se ha ido de puerto rico en los Últimos 15 aÑos, esas 500.000 personas, pagaban el 50% de los impuestos en puerto rico, y se iban. y si continÚan yÉndose, quién queda? reportero: la fuga masiva de la fuerza laboral de la isla,podrÍa llegar a traer graves consecuencias. en el nuevo referÉndum que se realizarÁ en 2016, los puertorriqueÑos deberÁn optar por esta nueva alternativa. sin embargo, el congreso de los estados unidos deberÍa aportar este camino. ... por encima de mantener el status actual o la independencia. mientras tanto, la agresiÓn del caribe no puede seguir nadando, pero no tiene permiso para ahogarse, porque su estado le impide declararse en bancarrota. sin esperanzas en el corto plazo se estima que el 45% de las familias viven bajo el umbral de la pobreza y el desempleo rondan el 11% segÚn las autoridades. ilia: gracias. segÚn las autoridades en el municipio de ina... una persona que adquiriÓ el tÍtulo de manera fraudulenta. katherina nos informa. katherina:gracias. sum

it follows the resignation of alexis tsipras as it called for new members. we have reports from athens. >> the second election in a year appeals for alexis tsipras. >> maybe they'll be able to do better. we expected a different deal, but he tried very hard. >> most greeks, however, want more stability. >> it's a bad idea. we're voting every six months. that suggests something deeply wrong with the political system and it especially effects those of white house are unemployed. we believed in tsipras. did he not stick to his promises, and if a politician can't do that, it's better if he doesn't stand. >> seven months of negotiations resulted in a third bailout loan accompanied by strict austerity measures. the long period of uncertainty allowed the economy to slide back into recession despite an outlook of growth this year. they used to count the rich and famous among his 800 clients. he has now given up his busine business. >> tsipras is trying to escape. they promised much and delivered nothing. they said they would abolish the tax and it was all grandstandi

prime minister alexis tsipras said today he is resigning. he says he has a moral duty to allow the greek people to judge his tumultuous time at the polls. the date for the new election is september 20th. his election comes after he and his party are swept into power. when he faced a crisis, he backtracked, and accepted deeper cuts to get a rescue package from foreign lenders. today greece received a third instalment by european creditors, and made a payment to the european central bank. john psaropoulos is in athens with the latest. >> reporter: it takes the greek prime minister less than a minute to walk to the president's office to resign. this move has been considered for week. just as the first of the bailout dollars arrived, the man responsible for negotiating the deal told the greek people that their vote was one agaip needed -- again needed. >> the people's mandate exhausted its limit. you with your vote should represent the country. >> reporter: whilst he came to power opposing strict austerity conditions, he has now adapted them. a

matea gold, alexis simendinger, thank you so much. announcer: the c-span cities tour visit literary and historic sites across the nation to hear from local historians, authors, and civic leaders every other weekend on ""booktv," and "american history tv." this month, the tour is on c-span each weekday at 6:00 p.m. eastern. monday, we travel to topeka, kansas. we will hear about the violent confrontations in 1850. we will to work -- tour the state capital and we have a conversation with the kansas governor. easternt six apart p.m. here on c-span. -- at 6:00 p.m. eastern here on c-span. announcer: monday night on the "communicators," this summer marks the 25th anniversary of digital television. we discuss how modern television has changed. >> many of us, and that is increasing every day, are watching in a multi screen world. and that has been one of the more exciting outcomes of this whole digital revolution. so it used to be that there was a stationary screen. and with hd tv, that was a big screen in the living room. but with the inter

and the letters from alexis was compelling. >> we encourage deserves.ates and i believe that we are in the opportunity to have an amazing guest speaker at our graduation. >> judge judy really believes in passing on her wisdom to kids. recently did an internet chat on how to stop bullying in schools. >> you don't teach morals and ethics in crisis in school. you teach that at home. and children learn by example. >> her honor is epibrac embraci web to reach a wider audience. >> you only have a chance to make a first impression. i don't remember who gave me the advice, but i've been dishing out that piece of advice for the last three years. >> to ireland with twitter followers but told us, some have become too addicted to technology. >> there are too many secrets. too much, you go into a restaurant and you see actually four people sitting at dinner and everybody has some sort of a device that they're either hiding in their lap or not hiding in their lap. >> when it came to inspiring these recent graduates, she thought being there in the flesh and sharing he

following the resignation of alexis tsipras on friday. john siropolous has more. >> maybe someone else will do better. we expected a better deal but he tried very hard. >> most greeks want more stability. >> translator: it's a bad idea. we're voting every six months. that suggests something deeply wrong with the political system and it especially effects those of us who are unemployed. we believed in tsipras. he did not stick to his promises and if a politician can't do that it's better if he doesn't stand. >> reporter: seven months of negotiations resulted in a bailout loan and strict austerity measures. allowing the economy to slide back into recession, antiques dealer has felt the brunt of the eight year recession. he used to count the rich and famous among his 800 clients. he has now given up his business and locked his valuables in cellars. >> tsipras is trying to escape. his party knows the difficulties before it. it promised much and gave nothing. they said they would abolish the property tax and tear up the austerity deal. they di

the outgoing prime minister alexis tsipras was forced to resign. elections will be held next month. opinion polls are predicting ahead of the bolstered >> i was at the headquarters yesterday holding a meeting with folks and the leader himself. they all think that they are going to be victorious at these elections. the big question mark is the greeks still see alexis tsipras the one politician that came clean to them and fought until the end. they are well aware that he went through these measures, and negotiated them when he promised he would not do so. it remains to be seen. there it's going to be a big battle. there will be a third of people who questioned that poll that are undecided. these will very much determine the result of the election. anchor: back here in france, leaders from the socialist party are gathered in the western city of lot rochelle. france pasha 35 hour work week is criticized again by the economy minister, emmanuel macro n. reporter: a stumble over france's 35 hour work week. emmanuel macron came on to from his college for appearing to suggest french people s

alexis tsipras has lost the support of his own party, syriza . he has been working with greek independents. a date for the elections, but government officials we've spoken to a bloomberg news to less they will be held on september 20, and greece also made payments to the ecb and imf. they turned around and sent that first payment directly back where it came from. scarlet: we will have more on the greek situation surely. the chinese central bank injecting the most money and open market operations since february. earlier we spoke about china with the pimco managing director rich clarida. that awkwardoing transition from a closed economy to a much more open economy and they are struggling with that transition. weekend 3%e yuan last week after china devalued the currency. 2% in july, the most since 2007. economists predicted a decline. we spoke to the pimco managing director and cio of local credit. he is bullish on housing probably and seize opportunities in the sector. look atf you opportunities, owning a house today is incredibly cheap. it would t

greek prime minister alexis tsipras resigns and calls for early elections in which he will run. we will hear from u.s. presidential candidate bernie sanders on the dangers of austerity at home and abroad. >> it is time for creditors to sit down with the government of greece and puerto rico and work out a debt repayment plan that is fair to both sides. the people of greece and the children of puerto rico deserve nothing less. amy: in july was hot. it was the hottest month worldwide since record-keeping began over 130 years ago. we will speak with a scientist who has exposed how global warming has worsened the california drought. into conflict minerals. a federal pills court rules corporations don't need to state whether they use materials from the war-torn democratic public of congo. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. in news from greece, prime minister alexis tsipras announced his resignation on thursday, paving the way for new elections. the move came after tsipras lost the support of many member

alexis tsipras stepped down, calling for elections. it was in the wake of the $96 million bailout deal. elections could be held as soon as next month. alexis tsipras is expected to consolidate power, until then greece will be met by a caretaker government. >> the first of 200 active duty soldiers are expected to join firefighters. strong winds and low humidity are making the battle tougher. some of the biggest fires have begun to merge. the governor wants president obama to declare a federal emergency. they thanked the crews, and remembered three firefighters killed while battling the flames. >> these are three big heros protecting small towns. 390,000 acres are burning. last year was bad with 250,000 acres. we thank everyone who are doing everything they can to make sure the everygreens is not the ever fire state >>> more help to co come from overseas - australia and new zealand sending firefighters. more than 100 fires are burning in washington, california, idaho and montana >>> july was the hottest month. around the world temperatur

alexis tsipras has resigned to clear the way for snap elections. he said he wanted a fresh mandate to implement the bailout deal negotiated with international creditors. the leftist leader is seeking to enter -- within his party. september 20 is the most likely date for greeks to go to the polls. >> it has been seven bruising months. it has been leading building up to the announcements. it will give greece another chance to decide to go along with the creditors demands. >> you, with your vote, will decide if this agreement is enough to get out of the dead and we have reached and for the economy to rebound. for us to finally extricate ourselves from bailout and austerity. reporter: nearly one third of lawmakers refused to back the bailout agenda in parliament last week. some say the decision to return to the ballot box will deepen political uncertainty. others believe it will enhance his popularity with greek voters and allow him to read his party of anti-bailout rebels hampering the government. residents have mixed feelings. >> it is the only way.

it follows the resignation of alexis tsipras on thursday.fter 20 members announce they're formering a new party. we report from the capital of athens. >> the notion of a second election in a year appeals to supporters of prime minister tsipras. >> maybe he'll be able to do better. we expected a different deal, but he tried very hard. >> most greeks want more stability. >> it's a bad idea. we're voting every six months. that suggests something deeply wrong with the political system, and it especially effects those of us who are unemployed. we believe in tsipras. he did not stick to his promises, and if a politician can't do that, it's better if he doesn't stand. >> seven months of negotiations resulted in a third bail out loan. accompanied by districts aterty measures. a long period of uncertainty allowed the economy to slide back into recession despite an out look of growth. feeling the brunt of an eight-year is he resolutio recession. he has now given up his business. >> tsipras is trying to escape. his party now is, did they bring one euro

from this point of view, i don't think more measures can work. >> prime minister alexis tsipras said he's confident the deal will pass. >>> el nino could be dangerous, meaning dangerous weather for the country. predictions next >>> and antonio mora is among the cuban natives seeing their homes for the first time in years or decades. >>> former president of cuba celebrated his 89th birthdays with a message for the u.s. these hand out photos shows him in bolivia with evo morales and madura. he repeated assertions that the u.s. owes cuba millions for the embargo, and made no mention of john kerry's visit tomorrow >>> the ceremonial opening of the embassy in havana turns the pages on diplomatic isolation. many families were affected by the tensions. antonio mora knows this story well. here is his report. >> reporter: according to the u.s. sensis bureau, 2 million cubans live in the united states. that's almost the population of the eyed. a slight majority of cuban americans favour normalization. u.s. relations are deeply personal, as is returning to the place we were born. it was for me.

iss is what alexis tsipras striving for.s to regain strength after forcing the bailout to depend upon his opposition. revolt fromue and those within his own party. basically you roving his own government majority and therefore, wants to reclaim that and go back to the polls. it is having a damaging effect in stock. every single industry group calling. the ftse 100 very close to a correction territory. a flight to safety. money flowing into the likes of the u.k. on the two-year debt. money going out of greece. we are up 1.3%. the perfect storm. emerging markets concerned. today we under's and of course the greek tragedy rearing its ugly head. indeed, and affecting us here in the u.s. on that note, i am signing off. thought togiven any sing on with me for the next half hour gap that she is going to leave. coming up next half hour, we have a lot for you with local growth blowing and stocks tumbling around the world, we will talk said. ♪ ♪ matt: welcome back to the i amberg "market day." matt miller. former president jimmy carte

we are going to figure out what is next for alexis tsipras after he called snap elections a month fromow. ♪ matt: good morning. welcome back to the "bloomberg market day." i'm matt miller. i'm here with -- olivia: olivia sterns. matt: a pleasure to be here with you this morning. it looks like we are going to finish up the worst week we have seen may 2012. is our senior markets correspondent. she joins us with more bad news. [laughter] julie: sorry. the good news -- well, we are back to being down as much as we were earlier. we had had a little bit of a bounce back toward 0.5% down and now we are down to about 0.8% down for the major averages. it might be the worst week down since late december. it is a bad week. we can say that pretty clearly. matt: unless you are short. julie: unless you are short. then you are doing well this week. i wanted to take a look at some individual movers. intuit is one of them. they are going to sell units, including quicken, it's home accounting tax service. it is forecasting sales and estimates. trail it is trying to focus more on small businesses and ind

mark: 10 alexis tsipras claim this is a victory?ebate, you heard disappointment from the far left . the counterargument is that he radically reduced the primary budget surplus, the amount that needed to come in. they just need to be at .5% -- over three years, you get to 15 billion euros in extra money that they get to spend themselves on juicing their economy. then you have some money for bank recapitalization and privatization, but there is fresh money in that. i suspect he will argue that he cut the best to deal available. it was the only way to stay available. the counterargument will be really important to see who'd the desk delivers it. will he mount some sort of challenge? mark: thanks. let's get some final thoughts from simon. is your better for having greece in their? simon: i think it is. there is a roadmap in the shape of ireland as to the tough reforms that need to be enacted to escape from the economic decline they are in. as we said before, the debt is too high. thatnk hopefully it shows europe wants to keep greece in

plus there is a new political force in greece, the group once aligned with alexis stipras, but not anyore. >> we're here to fully get into the nuances of everything that's going on, not just in this country, but around the world. getting the news from the people who are affected. >> people need to demand reform... >> ali velshi on target weeknights 10:30p et >> could normalization change cuba forever? >> i'm afraid for cuba. >> we ask cubans about their hopes and fears. >> i would love to see my business grow into a transnational company. >> there was chaos today along the border between greece and macedonia. macedoniaen police fired stun grenades at thousands of refugees in greece. eight people were injured. the refugees are trying to cross the border to other european countries. >> they spent a cold night in know man's land, waiting to cross the border between greece and macedonia. but their passage was blocked by riot police. smoke filled the air they tried to keep people out and in the ensuing chaos there was panic. most refugees here have escaped conflict, and few would have expec

. >>> alexis tsipras forms a deepening division in his party. >>> and the $4 million home of leon trotskyl come with a few surprises. ♪ >>> hello. there have been scenes of chaos than the border between greece and macedonia, as thousands of refugees try to make their way further north across europe. many are fleeing war in syria and iraq. some of them making journeys by sea to avoid european borders. many countries have responded with tighter security. macedonia a state of emergency is now in force. around a quarter of a million refugees are known to have crossed the mediterranean successfully this year. many more have died in the attempt. some then continue their journey deeper into europe. this is the scene that calais in northern france. around 3,000 are camped there, trying to cross the channel into the u.k. emma hayward has more now on the situation in macedonia. >> reporter: they spent a cold night in no man's land waiting to cross the border. but their passage was blocked by riot police. rocks were thrown, then this. [ gunfire ] >> reporter: smoke filling the air, with police using

prime minister alexis tsipras resigns and calls elections for next month. ♪ >>> hello there, i'll felicityr, and this is al jazeera live from london. also coming up, safe landing, a ferry carrying several thousand syrian refugees, docks on the greek mainland. cross border tension north and south korea exchange fire after a dispute over loud speaker broadcasts. three firefighters are killed as wildfires continue to burn out of control in the northwestern u.s. ♪ >>> hello, greek media are reporting that prime minister alexis tsipras will call a general election on september 20th, just seven months ach -- after his party first came to power let's take you straight away to athens and speak to john psaropoulos. this is not entirely unexpected, this decision, but why now exactly? >> reporter: what we're hearing from lawmakers is that the government simply couldn't proceed with the implementation of the third bailout loan it negotiated last month. it's original plan was to form a summer session of parliament to get through august bypassing further immeantation laws. but apparently there weren't e

alexis tsipras planning a confidence vote amid fears rebels could weaken. >> what recovery.erman and italian gdp disappointed as france grinds to a complete halt. the area as a whole in line with the forecast. >> stabilization in the chinese market as the central bank holds the currency steady with the shanghai composite with the biggest weekly gain since early june. >> the investment bank selling it's mines and buying $60 billion worth of loans and deposits from ge capital. >> and you are looking at u.s. futures pointing to a lower open. concerns continue over china's devaluing of its currency but what you found yesterday is the conversation shifted back to domestic data. july retail sales in line with estimates. weekly jobless claims slightly above consensus so fed policy still a big part of the discussion. dow indicating a lower open by 11 points. yesterday it was the energy sector weighing on markets as wti crude hit another multiyear low. here in europe we have been getting a dose of economic data on the gdp front. it's been disappointing across the board if you look at

the ruling party splinters in greece following the resignation of prime minister alexis tsipras. >> theror, the confusion, it was something unbearable. >> reporter: it's two years since chemical attacks in syria killed hundreds, we speak to survivors still waiting for justice. ♪ we start on the korean peninsula where the south korean defense ministry is now urging the north to stop its provocations, tensions increased between north and south between exchange of fire on thursday and both countries say they put their military on high alert and support leader kim jong un had a meeting late on thursday and according to state media there he told the army's front line troops to be fully ready for operations and said to take action first and to report it later and harry faucet reports. >> reporter: south korean president visited a military post on friday with the national security advisor defense minister and senior commanders and the message being conveyed the personal command of the situation as north and south korea engage in a military face off. >> translator: the military should be for fu

but alexis tsipras did not rule out a government of national unity.e would just not be prime minister. toyota resumes work in tianjin after two weeks since the violent explosion that reportedly killed 139 people. njin portman of tia is under investigation for neglect of duty. "corruption."or korea, the defense ministry is ready to increase spending after the latest standoff with the north. inilable funds will rise line with the overall 2016 budget. extra cash will be made available for combat capability in the dmz. defense-related stocks rose on the news. rishaad: up next, a tragedy in the u.s. raising questions of double standards in the media. ♪ ♪ they look at what is trending online. we are following a trustee in virginia, where two journalists were shot dead on air. it was a disgruntled employee fired two years earlier. he shot them dead. the video was uploaded to twitter and facebook. and it actually made the rounds on social media. they were removed after. you can see the interview taking place. yvonne: that is video the shooter himself shot. sh

>>> alexis tsipras facing a deepening division in his party. 25 members break away to form a new political group. >>> and the north korean leader orders his military to state of war readiness as tensions with south korea escalate. >>> there have been scenes of chaos on the border between greece and macedonia as thousands try to make their way further north across europe. many of them are fleeing the war in iraq and syria. they have traveled through turkey into greece, some of them making shorter journeys by sea to avoid european borders. other countries move to harden the frontiers. in macedonia a state of emergency is now in force and thousands of refugees spend their last night in no-man's-la no-man's-land. about a quarter of a million are known to have crossed the mediterranean this year many moving through war-torn libya. many more have died in the attempt. some then continue their journey deeper into europe. well, this is the scene at cali in northern france. around 3,000 people are camped there trying to cross the channel into the u.k. emma hayward has more now on the situation in ma

. >> alexis tsipras has fears rebels in his own party could weaken the government. >> german gdp, euro zone numbers due in an hours time. >> beijing falls out of the spotlight after the central bank holds the market steady. they grab investor's attention after they post the biggest weekly gain since early june. >> the german car maker speeds away from a long running probe into the failed take over of volkswagen in 2008. >>> welcome to the show. french gdp disappointing earlier coming in flat for the quarter. german gdp in line, a little below expectations. italian gdp has just come in as well and that has disappointed too. the expectation year on year was for plus 0.5 and has come in for the year but the expectation quarter on quarter was for plus 0.3% and we have 0.2% gdp. so a little disappointing. not as disappointing as the french number earlier which was flat for the quarter against expectations of a 0.2% expansion. joining us now is the senior european economist. good morning to you. we await the broader euro zone number in about an hour but so far what we've got from the likes o

prime minister alexis tsipras said it's causing a humanitarian crisis within an economic crisis. he called on europe to show a more united front, saying now is the time to see if the e.u. is the e.u. of solidarity or of the e.u. of solidarity or of an e.u. trying to protect their borders. >> tell us your reaction to these comments by the prime minister, alexis tsipras. >> all of the governments including the current one have made tremendous effort to address this huge migrant crisis so far. the problem for the greek state is that it doesn't have the capacity to accommodate all these people that are fleeing their countries and war zones to seek asylum in greece and therefore in the european union. the greek prime minister asked for an additional help from the european union on the funding side, as well as on the technical side. there is an amount of around 9 million euros expected from the greek government to arrive next week, so the greek prime minister asked for the creation of the greek task force that could manage this amount and allocate it to the agencies that are occupied w

some members of his syriza party rebelled over the bailout agreement that alexis tsipras negotiated. >> approximately two dozen members of parliament from the syriza party have broken away from the prime minister's line and said that they're going to form a separate far leftwing group. they have said that this is going to be called the consolidated anti austerity front, or the united anti austerity front. this is a play on words, because it is an echo of the communist resistance during world war ii, which after the war fought a civil war against national forces, and that was called the national freedom front. the far left wants the name of its new party to sound like the continuation of the communist fighting formations of old. it wants to suggest to voters that they are the true leftests, the true inheritors of the world war ii communist generation, and they are the ones that will carry the torch forward against austerity, in this case in the upcoming election. >> that's reporting from athens. joining us now director of the think tank bridging europe. tsipras' resignation was viewed

tell us this, where are we in hass of alexis tsipras, he made noises about a grand coalition but not minister. how do we start the journey to the next set of elections? the first thing is a fatigue among voters. they seek a prime minister. began, we wills also see the ninth finance 2010.er since a report published today in a newspaper showed that 64% of greece disagree with alexis to hold a snapon election next month. it will be the third time this year they will be asked to vote on election. has a small lead over the main opposition party. this lead has not been a substantial lead since last month. from 11 points to 3.5 points. it is a -- it is obvious that alexis tsipras is paying the price for the broken greece in theep eurozone while putting an end to austerity. francine: that was a great interview and fascinating. there's a great bloomberg web story attached to it. snap elections, we just heard of the appointment of a caretaker finance minister. he is already been working with the eurogroup, how much do we know about him? nikos: he was the representative of finance ministers and

coming up, greek prime minister alexis resigns and calls elections for next month seeking a new mandateor his bailout deal. macedonia declares a state of emergency and calls in the army to block the influx of refugees and other migrants. and as violence returns to aiden and look at why the yemen second city is at the heart of a struggle between rival factions. and with all the sports including spanish forward pedro is ready to check in as chelsea completes the transfer deal from barcelona. ♪ hello, in the last hour the greek prime minister alexis has formally announced resignation and called for this in a month's time and the party were elected seven months ago after pledging to end austerity cuts and agreed to reforms in exchange for a third bailout from international lenders. and speaking just a few moments ago it was the people's turn to decide who should take the country forward through the next stage of economic recovery. >> translator: i decided to go to the president and submit the resignation of the government. the people's exhausted its limit and you with your vote will decide