for more, we are joined by bloomberg intelligence economist, david powell. now we are getting close to another deadline. the difference between july 20 and august 20 is there is no drama. why is that? david: before the greek government was hoping to get concessions out of their partners and i think that is off the table. there no reason to enter into another round of brinksmanship. they are keen to get this wrapped up early. so they don't face more talks of a grexit that came along when they waited until the last minute before hand. jonathan: as far as the week ahead, we got some data out of greece to look at. we got some data out of the eurozone to look at. when i look at the data coming out of europe, i look to germany. i look at industrial and factory data and they tell me different things. what are you looking at that paints the bigger picture? david: we should actually be looking beyond the second quarter to the second half of the year. that is a leading indicator of where the industrial production is going. pieces of data are pointing to a loss of momen

david powell joins us. vid, let's pick up and talk to you about this sense we will get a little later on from the gdp data, and how that will be fallout fromthe the capital controls still in place. david: unfortunately, probably these gdp numbers don't even cover the worst of what happened, largely because capital controls don't come until the last few days of the reporting period. in addition, there were many reports at the time that people were concerned about the possibility of bank closure, not being able to get their euros, and 20 on a bit of a spending spree, exhausting the numbers. rogers, economic forecaster, great to have you on the show. are you even going to be assessing what these numbers will be? -- it givescontext you a clue as to what the four-year number might be, but they don't really cover the interior that we are looking at for greece now. july was the first month of this year that the greek economy shed more jobs than it created. capital controls are having a significant impact on greek e

to preview the figures, let's bring in bloomberg's chief euro area economist, david powell. re expecting. july was a terrible month, basically at a standstill. david: the report from the second quarter will not capture july. it may not capture the worst of what happened during this time period. capital controls and bank closures only occurred within the last few days of this reporting period. manus: we are beginning to come out of the capital controls cycle. does the economy still remain mired in negative growth for as long as you have capital controls of the nature we have? david: certainly, as long as the capital controls are in place they will act as a serious weight on the greek economy. things will probably not be as bad as they were during the period that preceded the bailout. the economy came to a standstill. there will be the restarting of some economic activity as the uncertainty of the immediate grexit is gone francine: thank you. keep it there, we are waiting on the figures. a briefing has been held and china as the central bank works to restore calm. had itshe cur

we are joined by david powell and david, a european analyst at control risk. an understanding of what is happening here. walk us through the risks. probability of getting a deal done here or are we going to get some sort of bridge loan? cooperation on the of the greeks and they have apparently done most of the work already. in the past, that was the major hurdle, the speed in which the greek government can handle it. that seems to be going quite well. caroline: the ongoing struggle is the imf saying we need some debt relief to greece going forward. they do not want to put any more money until that happens. we know germany is beyond that. what is the likelihood of sustainability in greece? >> if nothing were to change, the primary surplus is highly unlikely to be reached. in all likelihood, there will be some form of restructuring. it will probably not come in the way of a nominal haircut, but reduced interest rates and a grace period on those interest payments, as already exists on the loans from the eff. >> hopefully that will be it. we have said that in the

thank you >> thank you >> david powell, i have a request to join the --subcommittee i really appreciated general manager kelly pointed out. >> well, david we haven't seen much of you since you joined the cac so it is nice to have you at this meeting. to she always pleased to attend a commission's meeting as well. >> next item. >> first, i would like tommy to come up and give update on what we have experienced as a whole that we solve one the pipe-- if you could come up and give us a update on that >> good afternoon. this is located on the corner of cargo and 42nd st. we have two types located. we have one that goes out a couple hundred feet past. 80. we had noticed there was some movement in the water. some air bubbles several days ago. that was on friday. what happened on thursday was that we saw there were a lot of birds and fishes in the area. it looked like the pool . week suspected something was going on there it is very murky and that water is very good difficult to see in their. he basically fell into a 10 foot pole. at this part of that they are pipe to the surface of the water i

thank you >> thank you >> david powell, i have a request to join the --subcommittee i really appreciated general manager kelly pointed out. >> well, david we haven't seen much of you since you joined the cac so it is nice to have you at this meeting. to she always pleased to attend a commission's meeting as well. >> next item. >> first, i would like tommy to come up and give update on what we have experienced as a whole that we solve one the pipe-- if you could come up and give us a update on that >> good afternoon. this is located on the corner of cargo and 42nd st. we have two types located. we have one that goes out a couple hundred feet past. 80. we had noticed there was some movement in the water. some air bubbles several days ago. that was on friday. what happened on thursday was that we saw there were a lot of birds and fishes in the area. it looked like the pool . week suspected something was going on there it is very murky and that water is very good difficult to see in their. he basically fell into a 10 foot pole. at this part of that they are pipe to the surface of the water i

this is david powell of bloomberg intelligence writing on greece this morning.editors paying for the change and the creditors will have to swallow the cost by providing extra financing in the near term and restructuring greece's enormous official debt. the syriza coalition has been largely unsuccessful in altering any of the terms of the bailout package. i know you believe that greece is a sideshow but the imf now has to act. i'm not sure but i do not think whether the imf goes along or not will it try the outcome of the greeks getting this financing and going on this path they are on agreement for. the imf issue is about whether they are part of the package but not whether or not it goes forward. brendan: it is interesting that they are sticking to their own rules. they may be out whereas, germany or all of europe is looking at this and telling themselves a pleasant lie. >> i don't think that is the right way to look at it. with the germans and the europeans are saying overall is right now we are providing you an opportunity we have modest and expense and you n

let's bring in david powell. chris is still with us. david, thank you for joining us.f the emerging market economies poses the biggest threat to the export story, the recovery for the euro? david: if you look at what has already happened in the slow down, the demand from other countries, the biggest hit has come from russia. that is because growth has slowed so precipitously. visible onalready exports, nominal exports to russia has slowed much more. that thenna: so can we say biggest threat is russia, or it is the biggest drag? david: the biggest drag has come from russia. the amount of exports that go to , for example, the chinese economy, which is still much more precipitous and it already has been, the threat would be bigger. but at the moment, if my colleague in asia -- as my colleagues in asia like to say, it has gone from the fastest-growing to the fastest-growing economy. if you believe the numbers. anna: do you not? david: it is a very good argument that the numbers aren't correct. there are lots of indicators that suggest that maybe the economy is growing at 3

david. >> allen fisher, thank you. >>> toxic plume now makes its way to arizona and utah, heading for a main tourist destination on the border, however, lake powell is now bracing for another blow. jake ward is at the lake. jake. >> david, lake powell is what is expected to be a catching basin downstream of this disaster in colorado. people have a misperception that a red light goes on, past this level it's dangerous to go in the water. it's not how it works. it is the long term effects that have scientists concerned. lay powell is a fisherman's paradise. the capital of striped bass fishing and of drinking water. that's why officials are trying to sort out the downstream effects of this spill. >> we need to check out the spill and take baseline data, water samples, sediment samples, and fish samples. fish eat plankton. fish eat shad, and every time they do that they build up eligibility of the heavy metal. and it builds up. >> lake powell is 200 miles from the gold king mine. with tens of thousands of mines a potential source of spills into the river, a source that provides drinking water to the western united states, lake powell is not safe in t

let's get more on the greek story now, joining us is our chief euro economist david powell. exis tsipras is a good politician. he knows how to spin a story. but you have advice for him. david: you can point to this as a major victory for the government. that is the fact that the primary surpluses that are considerably lower for the years 2015 and later when he came to office. is thing of most importance the amount of national income set aside to service the debt's, being sent abroad to foreign creditors. he has been able to reduce that. guy: let's bring you into the conversation. can alexis tsipras claim a victory here? rob: only if he has a very short memory and forgets. would have just carried on what the previous administration was doing, he would have left greece and much better position than the one he got. he made it worse, then he made a slightly better. it is a brilliant victory. he is ae, as you say, politician. he will claim one. guy: david, he was always going to be the guy voted into authority -- the representation the greek people were not happy with the deal. le

powell. despite the toxic levels here, david, there's no word on when they'll re-open this river. >> kayna, our thanks to you again tonight. >>> overseas and to an accident involving a u.s. army helicopter. these images coming in from okinawa, japan. the helicopter in pieces on the deck of a navy supply ship after making a hard landing, a routine training mission. the tail snapped off, seven people injured. >>> back here at home tonight, the race for 2016 and the firestorm growing for hillary clinton tonight. mrs. clinton now reversing course, turning over that home server after insisting she would not. abc's jonathan karl tonight. >> reporter: it's the e-mail server hillary clinton kept here at her home in chappaqua, new york. for months she has flatly refused to turn it over. >> i have met all of my responsibilities and the server will remain private. >> reporter: but now, a reversal. clinton has agreed to turn that server over to the justice department which is investigating whether classified information in her e-mails has been properly secured. abc news has learned that at least two of cli

powell,o bring in david our bloomberg intelligence viewpoint and our guest host for the next hour.let us get your opinion. stagnant. we knew france what the thorn in eurozone side, it continues to show that. >> already, france is forecasting to be the weakest economy. there had been some signs of that. industrial production in the eurozone as a whole was going to be a drag on the number. saw invergence that we the indicators of industrial production coming in negative and business surveys indicating -- it seems like we now have some clarity that the numbers are weaker than expected. this has implications for the eurozone as a whole as the second-largest economy there. caroline: are we expecting the eurozone numbers at kennecott p.m. to be lower? it could come in a bit lower. points ofstill some strength in the eurozone including spain, accelerated 1% in the second quarter, we know already and of course germany, throughout this crisis has diverted from france. the german mean numbers will be poor but it does not provide a good start for the eurozone figures. caroline: what is your p

powell and rumsfeld and myers. they discussed it that day at camp david. the following monday they met with the president and laid it out the president had done. this is our template going forward. next i knew, tommy franks, the combatant commander for the region was getting me on the phone to do a video conference because he'd been ordered to make sure his data plan formed to my paper. this is absolutely extraordinary. this is simply not the way things normally work. well, it said no plan survives contact with the enemy and this plan was no exception. >> next, tran talks about the city and people of nagasaki in the morning of his bond until today. august 9th, 2015 marked the 70th anniversary of the bombing of nagasaki. >> susan southard is one of this community. that is what makes this event very special

of the war cabinet to cheney and rice and rumsfeld and secretary powell and chairman myers and they discussed it that day at camp david. the following morning monday they met with the president and laid it out for the president and the president said this is our template going forward. the next thing i knew tommy franks the combatant commander for the region was getting me on the phone to do a videoconference because he had been ordered to make sure his battle plan can warm to my paper this is absolutely extraordinary. this is simply not the way it was going to work. well it said no plans for the enemy and this plan was no exception. but there weren't in it a lot of principles which in the end we did follow during the conduct of what we thought was the war. so what was it that we said? to reiterate we said at the end of the day this is a political problem not a military rob him. i said whatever military means we use we need to make sure that we are not perceived by the afghans as invaders. afghanistan is has a nasty habit of dealing with foreign invaders it was discovered by the soviets to their cost in the 20 century

powell and chairman myers. and to discuss it that day at camp david. then the following morning, monday, they met with the president and laid it out for the president. the president said done, this is our template going forward. the next thing i knew, tommy franks, the combatant commander for the region, was giving me on the phone to do a video conference because he'd been ordered to make sure his battle plan conformed to my paper put this is absolutely extraordinary. esso but not the way things normally work. well, it said that no plan survives contact with any. this plan was no exception. but there were in a lot of principles which and in we did actually followed during the conduct of what we thought was of the war. and so what was it that we said? to reiterate, we said at the end of the this is a political problem, not a military problem. i said, whatever military means we use, we need to make sure we are not perceived by the afghans as invaders. afghanistan has a nasty habit of dealing very badly with for invaders. the time of alexander, discovered

david, thank you. >>> philadelphia police are questioninquestioninged the owna former funeral home after a gruesome discovery. authorities found three deposing bodies inside a garage on haggard street in strawberry mansion. janet powellaily third general owner of the formal powell funeral home and the garage located across the street. neighbors say the powell family helped the community but are upset about what was found in that garage. >> nobody should be stored like that. >> i never known who -- no bodies laying around. we didn't have no money to pay that lady she would do the best she could to set up a memorial or something. >> no arrests made and investigators are working to identify the bodies. according to the pennsylvania funeral director's association the powell funeral home has a lengthy quote disciplinary history with the state. >>> a skating rink owner is now facing sex crime charges. the suspect 36-year-old john karlo of franklin township is behind bars tonight. karlo is the owner of the franklin skating center in franklinville. among the charges he's now facing, criminal sexual contact with a child under the age of 13. police say carlo also showed pornography to child. >>> another down day on wall street

david. >> allen f shoff legislator, thank you very much. as allen mentioned the toxic fleury is now flowing through waterways and headed to lake powell on the utah arizona boarder, lake powell is one of the nation's largest reservoirs. science and technology correspondent is at lake powell tonight, put this spill in perspective as we think about the other rinks to the water supply in the west. and for the national park service, are preparing for what they say will be a very small and diluted quantity of these. that came out of this spill. they are setting up traps and water test tag silties all around this lake but when you talk to veterans it is surprising the way they react. it is hot the first time this kind of thing has happened. sometimes there have been bigger spills that have come down. we are pleased we have a good base line of what is the contaminant now. the one beyond the damn that you can see here. they supply all of the water that basically a big huge chunks of the western united states. need without them, las vegas would not exist, los angeles would haven't the water that it needs. so the people here are really used to having

powell, a major reservoir for drinking water. biologist scott roberts is racing to help understand what the plume is doing to wildlife. >> after 100 hours, these insects, at least, are still alive. >> reporter: david, there may still be long-term health affects for wildlife and people. tonight it's supposed to rain here which means some of this toxic residue may wash back into the river. pollution the epa add administrator will see for herself. >>> major developments in that deadly crash involving comedian tracy morgan. the ntsb releasing these images from inside the limo. what we've just learned about the truck driver awake for 28 hours at the time of the crash. abc's linzie janis on the case. >> reporter: tonight new details on what caused the crash that seriously injured comedian tracy morgan. >> fighting every day. >> reporter: the national transportation safety board blaming the accident on driver fatigue, reporting 35-year-old walmart truck driver kevin roper had been awake for 28 hours when he slammed into the limo-van morgan was riding in. according to the report, roper was speeding, going 65 miles per hour, 20 miles over the limit in a construction zone, slamming into the back of morgan's