a federal judge in new york board argentina on paying -- from paying on restructured debt. isajor detroit creditor objecting to the city's bankruptcy plan. guarantee believes the plan to reduce billions in debt should be scrapped before the start of next week's trial. plan? wrong with the >> simply, the plan is not fair to creditors, particularly to financial creditors like my client, paying sincora nothing when it pays other creditors in the case essentially 100 cents on the dollar. is "theettlement with -- f mediators this isg to sincora, not just about a disagreement on the merits of the case. do you believe that the integrity of this process has been corrupted? >> we have a substantial concern about the process. there was a mediation process implemented at the beginning of the case and the public statements of the mediators have been to the effect that their therest is in protecting art of the city and the city's pensioners. sympathetic causes, but the american rule of law provide that pensioners and other clients need to be treated the same way. judge saidbankruptcy an

board. and argentina lost 8%, given that default.at we're calling it. >> i think that was more influential and emotional than anything else. friday has an upward bias, first day of the month has an upward bias. that can get negated by the negative influence of the technicals. >> art, thank you. have a good weekend. >>> opening bell is coming up on this jobs friday. stay with us. "squawk on the street" is coming right back. all set? yyyup. with xfinity internet your family can use all their devices at once. works anywhere in the house. even in the garage. max what's going on? we're doing a tech startup. we're going public! [cheering] the fastest in-home wifi for your entire family. save hundreds on beautyrest and posturepedic. at sleep train, choose $300 in free gifts with tempur-pedic. even choose 48 months interest-free financing on the new tempur-choice. the triple choice sale ends soon at sleep train. bulldog: bulldog: oooh! mattress discounters' $197 mattress sale! television announcer: get a serta mattress, any size, for just $1

argentina. he has gotten a gift. he got a board, a cutting board.his is actually his family playing a little prank on him. >> when they open it up and it is something like a cutting board you are like what? >> so he takes the board out of the wrapping paper and puts it on the table and says this is for your steaks. and they signed it love mom and dad. watch his reaction. he immediately gets up and hugs his mom and i vy grateful for his board. they have a real gift for him. >> he is slightly more excited than the board at this point. >> he comes over and hugs his mom and starts crying. turns out in the box was a tablet that he wanted. and so they were playing with him. like they misunderstood him. >> what an appreciative kid. he hugged his parents no matter what he got in that box. >>> have you ever wondered what does the inside of a bowling ball look like? >> if i look through the hole? or break it like an egg? >> this is another episode of just smash it. previously they smashed hard hats, cinder blocks. they have these incredibly strong presses and

argentina sparking a global selloff in the wake of a debt default. here in europe the trading day is just getting started. this is how the picture looks, negative across the boardh down 1%. it was all because on wall street thursday's session was one that investors really want to forget. the dow fell 317 points erasing all its gains for the year. argentina is a problem. the nation's third default in 28 years caused its exchange to fall 8% in thursday's trading. it got far worse than anyone else. a judge who mediated the dispute between the two sides ruled in favor of the creditors and said, argentina must repay them before paying others. the country's president p had only defined words to express her feelings. >> in the default, now they created a new one, the selected default, a credit rating agency that does not exist. the only causes for default are itemized on the 92.4% of the bonds in the very title in the very contract, and the impossibility of collecting the debt is not showing as a reason for default. default is not to pay, but to obstruct somebody to collect the debt is not default. i told them, they'll have to come up with a new word, and well, they'l