sippers -- alexa sippers. -- alexis tsipras.oing back to brussels and negotiating with the german finance minister and the eu commissioner and the european central bank and figuring out how to get this bill a project group. they were going to announce this because of the repayment that was made to the imf. they got the money, they paid the imf and they will look for somebody -- want toe greeks might keep him around because they will need another bailout eventually. unless they wrangle some debt -- pimm: a three-year deal. ensure thats will his participation will be consistent throughout the process. matt: more top headlines -- more on the greek election coming up in a moment. i want to give you what we are looking at elsewhere today. germany says it cannot cope much longer with the pace of refugee arrivals. germany expects to take an 800,000 refugees this year. one full percent of its population. 40% of all refugees in the eu. other european countries need to do more to help this that's like if the u.s. decided to take 3 million

september 20, will the strengthen alexis tsipras?l he managed to get the left platform and be able to push slightly less abuse from his party. >> that is basically what he is hoping for. the idea is that this election will now corrupt between the left platform will become official. and the hope is that he is going to have a party that is going to be closer, more closely controlled by him. as new parliamentarians are elected. by the way, he hopes he will get a more cohesive government under his control. and he will be able to push through the reform package. caroline: i want to bring in lothar. give us a sense of this. we have been wondering how he would continue to govern. for me at the moment, it is very much the question is this the political strategy move for him a get the left out and get bigger mandate their for his position? as he said on television, it is a step to get the mandate to implement the reforms in greece that are so urgently needed. that to me is the question. it will be good for euro and good for greece. otherwise,

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

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

tsipras,ly for alexis calling the referendum was very good. is the undisputed political leader of greece with high personal approval ratings. it has been very bad for greece, but good for mr. tsipras personally. shery: jacob kierkegaard of the peterson institute. for sales no slowdown of luxury residences in hong kong. we will hear from chief executive directly after the break. ♪ shery: checking stories making haslines, kim jong un ordered his party into a war status following an exchange of fire across the border. the order takes effect on the clock will time -- 5:00 local time. each side accuses the other of provocation. tension is high in the dmz. two southis month, korean soldiers were injured by landmines that they were planted by the north. amid growinganjin concerns of contamination. cyanide levels are more than 300 times safe levels. locals were alarmed by a massive fish killing in the river, but there was no indication of cyanide in the water. they party statements as anyone who is responsible for the disaster will face punishment. th

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

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

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.

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

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

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

syriza and alexis tsipras are still popular. if he wins, he can re-stack the deck, have a party that is more like him. it's the expectation that he will win reelection. you notice how these headlights came, not a huge effect on the markets. that's why he called the election very soon. he could have done it later. the sooner the better. right now is good for him. he is likely to retain power. if the far left revolts, there have been some rumors and talks that the far left would want to form another party. there will be demonstration in the streets from the people who don't like the bailout. you never know how these things will hold. there is a possibility they could win reelection, come back with a syriza party that is much more united behind alexis 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 sti

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

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

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 members of his own syriza party who opposed his backing of the demands of international creditors for yet more austerity and economic reform in exchange for a new $96 billion bailout. tspiras, who is expected to win in the snap elections, said the vote will give the greek people a chance to have a say on the new bailout. >> i would like to summit the government's resignation and i would like to express my believe that the constitutional process needs to be set in moment -- movement immediately and with all disability to elections of the greek people can decide which way the country should be led safely and quickly out of the crisis will stop amy: we'll have more on greece after headlines. we will hear from bernie sanders. new data show july was the warmest month ever on record. the data, released by the u.s. national oceanic and atmospheric administration thursday, also shows 2015 has been the hottest year on r

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

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 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

it follows the resignation of alexis tsipras on thursday. ter 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

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.

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

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.

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

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

. >>> 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 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

>>> 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

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

they had to vote on the referendum and then vote on alexis tsipras in january.not want to go to a >> is first place in september. the prospect of having a consecutive one after that does not bode well with the greek people. to go on with its much-needed reforms. uncertaintyolitical where medical turmoil is more evident. we cannot move forward with the economy. need evenean we will more measures as time passes by. word, thens to his it is possible we could be up for another election this year here it caroline: how messy could this get in terms of missions forming? point -- a gap between a new democracy. he iss opinion poll show up by 3.5 percentage points. all in all it is a very liquid environment. voters are moving from one party to another. undecided votee at the moment. but we keep in mind is is going to be close battle. the platform under the new reformed party doesn't have the dynamic that we hope for. the third point is the third party in the greek parliament is up for grabs. kingmaker could be from the golden zone or the communist party. a very fluid envi

prime minister alexis tsipras decided to call an early election.adding another element of uncertainty. billion in as $95 new bailout. citrus aims to isolate dissenters and return to power with a broader mandate. closing up foro its lunch break on this last trading day of the week. getting more reaction to that week manufacturing gauge out of china. here's juliette. i want to show you the reaction from the hang seng index, the shanghai composite, and the aussie dollar. the aussie dollar had this big spike coming down, extending its week starts against the greenback. we have seen a bit of a spike as traders started to in just this information. if we look at how the shanghai composite fared as these numbers were coming through, you can see there was that big spike, but shanghai always does its own thing. it rose again. quite a lot of volatility. the hang seng index is what we are watching today. it is on track to close in bear market territory. it did have quite a lot of volatility. let's get back to the map and see how markets are faring in general.

the prime minister alexis tsipras is bushing for the $95 billion, needed to pay loans to creditors.pponents, say the bailout's austerity measures creates too much hardship for citizens, dozens gathered to protest the deal. >> people can't pay more taxes unless we become homeless and eat at soup kitchens, shut schools and hospitals and let people died. i discovered a kidney medicine, basic to my health is out of stock. 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. >> a dire warning from north korea. coming up on al jazeera america, what is behind pyongyang's threat to bomb united states and south korea. and all eyes on japan's prime minister as he porption to mark the 70th anniversary of world war ii. >>> north korea warned the u.s. and south korea against going ahead with planned military drills, on state media pyongyang called the exercise armed aggression, saying the two countries risked nuclear retaliation, if they moved forward. >> translation: the u.s. and its follower the south korean pub

how many people did alexis tsipras manage to bring with him from his own syriza party and the opposition? how much can they woo germany to show they have the guts, the coverage, and the determination to impose the reforms being demanded by germany at the moment? that 85 billion euros of bailout figures, they want to see change happening in greece. guess wasat one of my telling me earlier. ftse 100 opens flat. dax flat as well. we are waiting and seeing how greece plays out. they gather to discuss the bailout. and what happens in china? calm after the storm. for the first time, we see the reference rate in china higher. we start to see stocks, shanghai currently up 0.3%. we see moves to start to see the market taking action, or china stepping in, saying the market will be based on methodology now. the market will help dictate the foreign currency. it will intervene to help prevent excessive swings. have bigtly ramifications in malaysia. malaysia has political issues of its own. we see it down from 1.7%. this is a key country to be keeping an eye on. then on the move in the ringgit. let's

alexis tsipras says he would not with newsyriza parted democracy.is own party mutinied over a third parallel. -- third bailout. sainsbury's is increasing wages for about 85% of its workforce. this comes ahead of the compulsory introduction of the u.k. government's national living wage next week. -- next year. increase is% wage the biggest increase in decades. it takes the standard rate of pay from seven pounds eight pence-- pounds 30 seven pounds 8 pence to seven pounds 38 pence. manus: donald trump said he would tax himself more if he became president. he said he would signify tax -- simplifiedt tax laws and target hedge funds, which are taxed at a lower rate. mr. trump: i do not mind paying taxes. the middle class is getting clobbered. the middle class build this country, not the hedge fund guys. i know people and hedge funds, they pay almost nothing and it is ridiculous. francine: we are also getting some breaking news out of ukraine. reaching a restructuring deal after five months of negotiations. what the deal is a 20% cut for private bondholde

>> reporter: the notion of a second election in a year apiles to supporters of prime minister alexis tsipras>> reporter: maybe tsipras will be able to go up alone and do better. we expected a different deal, but he tried very hard. >> reporter: most greeks, however, 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 especially affects 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 third bailout loan, accompanied by strict austerity measures. the long period of time of uncertainty allow the economy to slide back into recession dpiet an outlook for growth in year. this antiques dealer felt the brunt of the eight-year recession. he used to count the rich and famous among his 800 clients. he gave up his business and locked his valuables in cellars. >> reporter: tsipras is trying to sdap. they promised much and delivered nothing. did

the question is, how much of the syriza party can alexis tsipras deliver?dictate where germany feels they want to empower greece to move forward with reforms. and how much help they will give them with debt write-offs. we leave you on these live pictures. the greek parliament headed to a vote as we speak. later, finance ministers gather to discuss this new package. us, futures just slightly higher at the moment. ♪ ♪ caroline: welcome back to "countdown." here are some of the stories you need to keep an eye on. apple's it to delay live tv services until next year. peoples a talks to licensed programming are progressing slowly. apple does not have a computer network to ensure a good viewing experience. hour away from the market opening. we want to have a look at what is happening in futures. ng a flats day when it comes to euro stoxx 50. not moving one inch. but in the cap 40, we are trading a little bit lower. dax trading up by almost .2%. a very mixed today, everyone trying to recalibrate what happened in china. is in reference rates rise a little bit to so

popular unity is a break off of the syriza party of alexis tsipras.ave until wednesday night to present a workable administration or greece will face an election. leaving a trail of damage across open now. .he storm -- across okinawa sustained winds of 180. reports of several bullet train services being canceled. earlier, this storm crossed the philippines leaving 19 people dead and 16 missing. to pin airlines has canceled 106 flights today. more now on today's market movements with china still in the red. other asian indices bouncing back. joining us now is the global market strategist at j.p. morgan asset management. phone ringing off the hook? >> there has been a fair bit of interest. this is not something that is unusual. when we wereto talking about moving towards great heights, it was always about increased volatility. a pullback was likely. we see a pullback. what has driven that has been a little bit different. it has been about concerns with chinese growth, the pboc's reaction, and how that has been interpreted. increased volatility getting b

this as alexis tsipras ahead of a crucial debt repayment. >>> shares in china have seen their biggest one-day gain in a month in hopes that beijing will embark on further easing. this after falling towards a six-year low and export s slumpd 8% in july. joining us, jpmorgan, josh, a very good afternoon to you from london. let's just sum up the latest data release that we've had over the weekend, saturday and sunday. how disappointing is the data in your eyes? >> sure when you look at exports and imports, clearly there's been a significant slowdown. we normally look at things like fixed investments. things like commodities just up 9% year on year. and investments up just 4% year on year. clearly there's more scope of easing on the policy side. >> just what the market is expecting today, the shank had hi composite nearly 5%. so expecting some more easing. what sort of easing are you predicting to see? and will it have desired effect that the equity market is clearly hoping it would have? >> sure. when we look at that policy, we think about 25 basis points and two more of 100 basis points

while the appeal of alexis tsipras lasts, they are unlikely to succeed. >>> the turkish president isy to call for snap elections for november 1st. he says he'll meet the partry speaker on monday before formally announcing the date. talks with two other parties to form a unity government failed. >>> the medical charity doctors without borders says 65 civilians have been killed by saudi-lead air strikes in yemen's third largest city. it said 17 members of one family were among the victims in ta'izz. the city has become the focus of fighting in recent weeks between houthi rebels and government forces. >>> some areas of south africa are facing a sewage crisis with rivers of waste flowing through communities. and that's causing an alarming problem for people living nearby. tania page sent this report. >> reporter: the sewage treatment plant is filled to the brim. it's operating at double capacity, because it hasn't been upgraded to handle the number of people living here. excess is pumped on to the road, forming a wide shallow river. dead animals and some living float by. cows have been w