angie: in other news, official eu nations including germany say they are bracing for breakdown in talks over greece. alexis tsipras says he is ready to assume responsibility for the consequences of rejecting a deal with creditors. euro area finance ministers are preparing to meet in luxenberg later today as a last chance to seal the deal on as much as $8.1 billion in bailout. talks have stalled over what greece perceives as overly stringent requirements for the package. is falling in extended trading after the company missed estimates. 5.4% toal reports fell $10.7 billion. hurt by currency population and sagging sales. at eight --e was 70 $.78 per share. jp morgan vice-chairman jimmy lee has died suddenly at age 62. he was exercising at home when he fell short of breath. he was taken to the hospital, where he died. the investment baker has worked for jp morgan since 1975. he was involved in some of wall street's biggest ipo including motors, andl alibaba. he is survived by his wife and three children. the wearable devices maker fitb it has priced its ipo at $20. leslie picker has been t

other eu nation are also proalg by sea and from the air. this is a ship of the british royal navy. we're about 24 nautical miles off the coast of libya and in front of the trich li tripp lidz area. tripoli area. any boat in this area needs to identify itself overt wise otherwise it gets searched. >> all part of the recently established triton mission. >> it consists of joint seas patrols. days 6,000 migrants reached our area in just a few hours. we had to call upon commercial ships in the area to help. if there are lives to be saved we will go wherever they are even beyond the triton area. >> coordinating all search and rescue operations. it's here that we saw the crew rescue nearly 250 people in little more than an hour just a few days ago. thousands more in the past. and while the eu politicians deal with the never ending influx the crew continues to search the sea in search of life to save. hoda abdel hamid, al jazeera mediterranean sea. >> the virus mers, 50 people now have the virus. first person returned from saudi arabia with the infection last month. his wife has bin the fi

the search happens in international waters south of italy where other eu nation is are patrolling by sea or by sair air. >> we are in front of the tripoli area this is where most of the migrants get rescued so any boat that's in the area needs to identify itself overt wise it gets searched. and further away the german navy. it's carrying out a rescue. see the little white dinghy on the screen? later it was destroyed by fire. for a while the smoke dominated the horizon. they are all part of the recently established triton mission. >> it consists of joint sea patrols, assists the the italian naval forces, we had to call upon commercial ships nearby ohelp. there are no borders in the sea so if there are lives to be saved we will go wherever they are even beyond the triton area. >> beyond is the area in bright blue on this map dubbed mare secura or safe area. in charge of all research and rescue operations. it's here that we saw the crew rescue nearly 250 people in little more than an hour just a few days ago. thousands more in the past. and while the eu politicians mull over how to deal

other eu nations are also patrolling by sea and by the air. this is a trip of the british navy. we're about 24 nautical miles off the shore of sicily. any boat in the area needs to identify itself, otherwise it gets searched. >> and further away the german navy. it's carrying out a rescue. see the little white dinghy on the screen. later it was destroyed by fire. for a while the smoke dominated the horizon. they are all part of the recently established triton mission. >> it consists of sea patrols from various eu members. we had to call upon commercial ships nearby to help. there are no borders in the sea so if there are lives to be saved we will go wherever they are even beyond the triton area. >> beyond is the area in bright blue in this map dubbed mare secura or secure area. it is here that we saw the crew rescue nearly 250 people a little more than an hour just a few days ago. thousands more in the past. and while the eu politicians mum over how to deal with the never ending influx, unsung heroes like the montesperoni crew comb the sea in search of lives to save. hoda abdel

in brussels has resulted in a plan on resettling migrants currently in italy and greece to other eu nations. lawrence lee has the details of the agreement. >>reporter: here they come again. 200 for rescued in the mediterranean. more people to be processed and more trouble for europe. put when many european countries won't offer shelter, they're never going to be able to agree on a bigger deal for looking after refugees. the fact we took hours to agree about the system to be set up obviously shows that europe is not living up to the values it promotes in each and every occasion when it speaks abroad. on europe's borders, the fences are going up, between hungary and serbia. even more moderate politicians in these countries say asylum seekers are not their problem >> i do not think that the west is that much responsible for them but i do believe that the west should do something in its own interests, particularly when it comes to security. increasingly make no distinction between them and economic migrants. >> they're people fleeing conflict rape torture, coming in desperate situations and the

nation. russia says it's again expanding its ban on u.s. food, supposed to be end this summer. the eu extended its essential on russia until next january. kremlin consistently denies claims. >>> top u.s. and chinese officials wrapped up a strategic and economic summit in washington today. secretary of state john kerry described the talk as ascending. but president obama urged beijing to take steps to lower tensions. rosalyn jordan explains. >> at every opportunity in the last three days u.s. officials say they raise the concern of cyber security with their chinese counterparts. u.s. secretary of state john kerry said both countries came up with a form to deal with the action. >> we believe strongly that the united states and china should be working together to develop and implement a shared understanding of appropriate state behavior in cyber space and i'm pleased to say that china agreed that we must work together to complete a code of conduct regarding cyber activities. >> chinese officials however are bristling at the suggestion that they or people working at their behest may have

additionally, i could have focused on the benefits for business, as the eu provides business for almost half of our inner national -- half of our international exports. the eu has been vital for the islands. this is not a paternalistic relationship, but an economic lever for the region, so that they provide economic opportunities in sectors such as life sciences, renewable energy, and other industries. this status helps my region, as mr. mcgregor pointed out, over handicaps and contributing to the eu and their 2020 goals of providing smart growth in the u.k. economy. they reside in officer, just for the record, -- the presiding officer, just for the record, i am not claiming that the eu is perfect. we need to look at reform. but i believe it is possible to do it within the framework. we need to look at focusing on economic and social policies which make a real difference to hard-working families. and secondly, farming is crucial. we need more decisions, key principles need to be proportionality and physiology . and the wealthier system, as one man said in a committee this month, this is crucial for the u.k. gover

additionally, i could have focused on business as the eu provides business for almost half of our inner nationalional exports. the eu has been vital for the islands. this is not a paternalistic relationship, but an economic lever for the region, so that they provide economic opportunities in sectors such as life sciences, renewable energy, and other industries. this status helps my region, as mr. mcgregor pointed out over handicaps and contributing to the eu and their 2020 goals of providing smart growth in the u.k. economy. i am not claiming that the eu is perfect. we need to look at reform. but i believe it is possible to do it within the framework. we need to look at focusing on economic and social policies which make a real difference to hard-working families. and secondly, farming is crucial. we need more decisions, key principles need to be proportionality and physiology -- physicality. and the wealthier system, as one man said in a committee this month, this is crucial for the u.k. government. nothing else is garnished. he made the argument with similar points. most of what is in the u.k.

this trip of all eu nations is significant because italy has been the most willing to make concessionssia, is that right? alexandria: that is more or less right. italy is part of the eu. they are not saying they are going to make a concessions to russia. but let's say compared to other eu countries, they are more tolerant. italy has a history of doing business with russia during the cold war. about a third of the talons voted for the communist -- third of italians voted for the communist party. tom: within this, within the discussion, is the potent -- is the pope a diplomat? if that is the case, what did they talk about? alessandra: he is. where do you do with the next kgb agent who has a poker face where you don't not know what he is thinking most of the time? he gave putin a president. he talked about peace and tight about ukraine and how importing -- how important the minsk accords are. putin just nodded. he gave him a medal, saying i will give this to you to remember to maintain peaceful agreements. that was obviously a subtle hint to putin. vonnie: why was this meeting set up in t

eu to mitch -- to which many will say yes being buffeted by criticism from other european leaders who are demanding more integration and not less. hope springs eternal, but given his objectives in our hike of national interest in the eu leaders constant criticism, what would it take our right and honorable friend to recommend? >> i go into these negotiations as an optimist and believer that we can get a good deal for britain. now having had meetings with all 27 of our presidents and prime ministers in europe in what has been done -- dubbed a meeting. i am not saying they have all said instantly they are agreeing but are that are open to the sorts of reforms that i believe necessary. >> welcome the prime minister statement of the sympathies of my right honorable friend. those who suffered terribly. prime minister talked right there. what is he doing to ensure the peoples across the middle east and the people of the united kingdom who hope to see those values defended are united with the governments of their nations to ensure we never surrender the type of activity we have seen. >> i want to thank the honorable gentleman for his question. we are backing those governments that want to see an active an

the step is designed to ease the burden on coastal nations. under eu rules, countries where migrants land are responsible for them. an original plan to impose quarters for each faced strong opposition where political parties are gaining momentum. eastern european countries say they lack the economic capacity to accept migrants. the plan was drastically revised to let each country decide whether they will accept migrants. they will make a decision by the end of july on how many migrants to take. >>> the united nations is cutting its budget for peace keeping missions. the general assembly has unanimously approved a plan which also covers misconduct by participating troops. one calls for the record budget of $8.5 billion for the current fiscal year to be trimmed down to $8.3 billion for the next term that begins in july. this will be done by streamlining assistance to contingents and personnel and conserving fuel for vehicles. another resolution addresses recent allegations that u.n. peace keepers sexually exploited and abused women and children. they pla

national assembly. a bid to destroy the european union from within. other eurosceptics form an anti-eu block in the european parliament. first, if we are threatened, we will defend ourselves. that is russia's president vladimir putin who announced that moscow is boosting its nuclear arsenal. this is being seen as a response to u.s. plans to boost its military presence in eastern europe. this comes at a time of worsening relations between russia and the west over ukraine. we will go to moscow our respondent is there. the russians are making of, they have no choice but to expand their nuclear arsenal. this comes at a very sensitive time. reporter: the latest statement more than 40 ballistic missiles, it comes at a time when relations which in russia and the west are at their lowest and they are running very high. something that moscow has been denying continuously. because of russian annexation of crimea russia has become increasingly isolated globally. elitist comments come as the baltic countries are becoming nervous about russia's aggression in ukraine and they have asked many to incr

called europe of nations and freedoms, the group also opposes immigration from beyond eu borders. eu interior ministers have failed to agree on a plan to more evenly distribute asylum-seekers across europe. italy has now threaten to allow tens of thousands of them to travel north if there is no progress. brian: the christ is -- crisis is opening up deep fissures in the eu. some are adamantly opposed to any quotas requiring them to take in thousands of migrants. >> these dramatic scenes unfolded on the italian french border as easy interior ministers met for talks 1000 kilometers away in luxembourg. a small city -- police raided a makeshift camps of migrants who had been trying to get into france. >> this is proof that migrants do not come to italy to stay in italy but to go to the rest of europe. current eu rules dictate that migrants must apply for asylum in the eu country where they arrived. but more than 100,000 have crossed the mediterranean this year alone with seven european stakes -- states like italy and greece bearing the brunt. the italian, german, and french interior mi

government is arguing for a double majority in that referendum where the uk could only leave the eu if each of the nations vote to leave e that sort of territorial requirement is often used in federal countries like canada and australia. and i think it's time to apply it to the united kingdom to give meaning to the phrase that the uk is a family of nations. i said last fwheek a speechl in brussels if scotland does find itself taken out of the european union against a vote to remain in. it could produce a demand for another independence referendum, which may well be unstoppable. but i would argue, and do argue that the uk government has it within their power to remove that possibility by agreeing to the double majority provision that we're putting forward. the referendum legislation could dem rate what we are so often told, that the uk government does see the uk as a family of nations, and i would posit that that would be one very clear way in which the uk could do what i suggested earlier that it needs to do, demonstrate that it can adapt to a multi-national, multi multi-party system of politics. i think

posta veltman bank, despite the fact that you live bands development and national parks and that albania is an official candidate for euembership. back in croatia, at least six power plants on the sava river are in planning stage. all of this will impact the wetlands and aggravate the risk of flooding along the river. the previous flood victims are determined not to accept that. a citizens group has started a lawsuit to force authorities to find those responsible for the 2014 flood disaster. the lucic family and 3000 other residents of the flood hit areas support him. djakovic: i will fight this to the end because i do not think it's right for the events of last year to be slowly forgotten . reporter: after a year in temporary quarters, the lucic family are soon moving back to the sava with trepidation because they no longer feel safe in their home. damien: that's all for today. do get in touch with any comments, but in the meantime, that's all for me. i look forward to seeing you next time. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncic

posta veltman bank, despite the fact that you live bands development and national parks and that albania is an official candidate for euembership. back in croatia, at least six power plants on the sava river are in planning stage. all of this will impact the wetlands and aggravate the risk of flooding along the river. the previous flood victims are determined not to accept that. a citizens group has started a lawsuit to force authorities to find those responsible for the 2014 flood disaster. the lucic family and 3000 other residents of the flood hit areas support him. djakovic: i will fight this to the end because i do not think it's right for the events of last year to be slowly forgotten . reporter: after a year in temporary quarters the lucic family are soon moving back to the sava with trepidation because they no longer feel safe in their home. damien: that's all for today. do get in touch with any comments but in the meantime, that's all for me. i look forward to seeing you next time. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap

eu aid fund. the european nations are trying everything they can to keep greeks optimistic about the prospect for their future while not necessarily relaxing the demands they have made of tsipras and the governing party as far as fiscal reform goes. guy: we are seeing -- trying to make the greek people feel better about what is coming up this weekend. the second thing that is happening is -- it looks like back channels are in operation still. the chief negotiator i asked him about what is happening with the banks and he was talking about liquidity story. saying, maybe we will see an easing of that over the next few hours. the governor of the central bank has gone to see mr. draghi. listen to what he had to say. >> i expect initiatives today for solution to the problem of liquidity and the banks. the number one solution is to find an agreement. we are asking the greek people to give us the strength and mandates for such a solution. guy: europe has this ability -- you know this the ability to pull things out of at the last minute. it is never done until it is done. erik: there are so many moving pa

national egoism close our eyes. we need the interest and effort of everyone. >> in luxembourg this tuesday, his interior minister will -- will ask eu counterparts for a system of housing markets as well as creating processing caps on libya's shores. molly: the far right parties in the european parliament have mustered enough unity to form a political group, bringing together france's national front, austria's freedom party, and italy's northern league. together it will give them more weight in the european legislature and add more of an anti-eu bend to proceedings. it will come under the leadership of marine le pen. >> i am delighted to announce creation of the group. the group will have political strength that his incomparable with our previous situation. it is the result of one year of hard work, but also of our desire not to give into questionable alliances. the makeup of this group is good news for our own factions, but also for our countries, for our people, and for freedom. molly: now for more on the story, we go to france 24's correspondent standing by in brussels. most of these parties failed to find enough unity and cohesi

the most powerful nations in the block of states. once the eu desolves or -- dissolves it would be a big problem for germany. >> we talked about politically what is happening in russia and you see instability in the economy that could not farewell in other aspects. what is the impact for us? >> the dow is down a little but i don't know this as a big move. long term greece will not have much impact here on the u.s. markets. but the questions we have been asking since 2009-2010 remain on the board: can the eu hold itself together? if it cannot big consequences for u.s. trade and europe's ability to stand up to russia. >> a bigger story perhaps closer to home is puerto rico. we have been watching there and this has been a slow moving storm about debt in puerto rico. this is where some say the u.s. taxpayer could feel the impact. explain what is happening there. >> i think this is a bigger story for u.s. investors. the governor saying perhaps the markets have known that the island will not be able to pay it's debts. there are areas of law that make

eu and central bank. he said their decisions are limiting the flow of liquidity to his nation's banks. european leaders are discussing thei response to the crisis. french president francois hol lande will hold a meade meeting monday with his minsters. they spoke on phone on sunday with u.s. president obama. white house officials say it's vital to remain in the euro zone. their troubles came to life during the financial crisis. here's a look back on how it all unfolded. >>> in 2009 the then government leader revealed that previous administration had revealed budget deficits and it was looming out of control. euro zone officials approved bailout programs on the condition greece takes steady measures to rebuild its finances. the prime minister took power in january, vowing to oppose the international bailout plans. he said the strict us a territory measures hamper economic recovery and make it difficult to repay the debt. eu leaders reduce the debt and make new rescue framework. euro zone officials froze the additional funding originally planned in february. the two sides held discussions

vonnie: we have news from an eight year old official who spoke about the national eight in brussels. eu has has an initial accord to extend russia's sanctions for six months until the end of january. this coming as st. petersburg international economics forum continues in just to let you know, we will have an interview with resident vladimir putin by charlie rose that will air on bloomberg television on friday morning in the 7:00 a.m. hour. erik: the big interview indeed. thank you. private equity has been outperforming the public markets. why has your pension plan not invested more of your retirement money in private equity? you answer that question we come back. ♪ stephanie: erik: still ahead -- then lost key on his exit from the department of financial services, future regulations and wall street. returns from private equity have outperform public markets. other institutions have not exactly been piling into private equity in hamilton lane knows why. the consultant and money manager for such pension funds and institutions, hamilton is the chief and -- hamilton's chief investment offi

worked very closely with the europeans in ensuring that they voted for sanctions in the eu and at the united nations. so this is something i've been involved with for quite a while. but the reason that ruhani is reaching out the the united states and to the europeans is because the sanctions are actually working. we are bringing their economy to its knees. i am of the mind if we start loosening up those and sanctioning them before the c-span.org -- and granting them sanctions before the iranians agree to end their nuclear ambitions and i do not believe for a minute that they are attempting to use nuclear -- for peaceful purposes. there's only one reason they are working so hard and spending so much money to acquire enough -- enough material to make a nuclear bomb. it is my understanding from the latest intelligence information that they're within a month of having enough material to, in fact, make one bomb. and i think that would be very dangerous for us to lift the sanctions after all of the time and the sacrifice and the efforts on the part of the united states and the europeans, let those sanctio

nations. surely, as many people in scotland would say, it shouldn't be possible for scotland forced to be overruled in the eu referendum. that is why scotland is voting for a double referendum. it is each of the nation's vote to lead. i think it's time to apply it to the united kingdom, a multinational state, to give sense to the feeling that the u.k. is a family of nations. i said last week in a speech in brussels that if scotland does find itself taken out of the european union against a vote from scotland to remained in, it could produce a demand for another independent referendum that may be unstoppable. i argue the u.k. government has it within their power to remove that responsibility i agree to the double majority we have going forward. the referendum legislation to demonstrate what we are told that the u.k. government does see it as a family of nations. i see that as a clear way we condemn it rate that weekend a data to a multinational -- that we can adapt to a multinational system. it is clear from what i said. it is clear from observing politics that these are exciting times for scotland and for th

that being said, the overriding major issue facing eu states this will not have a major impact on that ongoing situation, which for the moment the nationsave upheld to reach agreement on. armen: if you take the figure of 1500 as i mentioned, that is really not going very far to meet the challenge at a european level when you consider that this year that has in a 20-fold increase in migrants trying to cross the mediterranean. now we have several months ahead of us of warmer weather, so a sea that is not too dangerous until early october, really. i think europe has two big problems. first, libya where chaos has given unrivaled opportunities to human smugglers for stop it is no quiz it is that the worst mass drownings have occurred this year off the libyan coast. second, the issue of asylum-seekers is toxic in european politics. that is what european countries are driving such a hard bargain over the system proposed by the european system. some countries are saying we have already taken in a lot of migrants and the quota system to take that into account, not just obvious factors like the size and population of the host country. molly: all

eu partners. thanks john in athens. >> azerbaijan is the first host country of the games a fast developing nation displaying wealth to the world. behind the glamor of the games, the country has one of the highest elective abortion rates. parents can terminate a pregnancy based upon the sex of their unborn child. >> savera has been abandoned by her husband and his family. she didn't want to give her real name. the only crime is that the child she is expecting any day now is a girl. they said to me we will kick you out on the street if you don't have an abortion. i said i don't care. i am keeping the baby. >> her case is extreme but not unique. >> many women choose abortion just because they are having a girl. one of the highest selective abortion rates in the world. according to the government in 2014, the ratio of girls to boys born was 100 to 115. there are lots of reasons why in azerbaijan is common. this region culturally is male-dominated. there are other pressures. families are getting smaller, which means fewer boys and as the prenatal technology to identify gender becomes more widely accessible demand for elec

eu. swiss wants weakness. euro weakness. yen strengthened. at problem for the swiss national bank as much for their european central bank.e will keep her right here on greece. dashing forecast. imposing capital controls. live on the ground. as i look at the equity markets, the dax is off by 3%. the ftse is off by 2%. and a weaker euro. we are back in two. ♪ jonathan: good morning and welcome back to "on the move." i want to check on currencies. a weaker euro. when you look at your role just a month -- when you look at euro , a move of 0.1%. a stronger swiss franc it is not that much stronger this morning. and snb jordan spieth is saying they intervened in the -- and snb jordan is speaking say they intervened and the swiss overnight. what you have seen it when we bring up a chart of euro-swiss is a turnaround in that pair. a stronger swiss was the story earlier and now weaker swiss franc as we rebound. down by 0.1%. the story playing out across individual pairs. a weaker euro pre-individual stories when you look at euro/ swiss. i want to head back out for the latest in athens. elliott gotkine is there. talk to me about th

national monetary fund. greece could get its nest -- next slice of bailout money but only if it agrees to an eu deal on the table. the greek government said it would give people the choice in a referendum to be held sunday. thousands turned out last night in athens to back their government, saying they would vote no. just in the last few minutes we have been hearing that contact is reportedly underway between athens and brussels to try to reach some sort of agreement. let's bring in natalie's every guess. what can you tell us about this 11th hour deal? natalie: the developments -- some reports suggest that the prime minister's have traveled to brussels to meet with john jean-claude juncker. that the institutions would pay off the imf's 1.6 billion euro loan to stave off a bankruptcy, and that would allow the government, the greek government and the troika to negotiate to avoid the referendum. and avoid the long and protracted state of in and out default. genie: let's talk more about the situation on the ground where you are in athens. thousands turned out last night to back their government, saying they would sa

national olympic center in paris. thank you. let's take a look at the other headlines on france 20 or. european -- france 24. the eus hoping to rush through a new bailout deal by thursday. fighting in eastern ukraine continues despite the four-month-old cease-fire. new talks with russia are set for tonight in paris. and walmart and sears says they will stop selling images of the confederate flag in their stores, one week after a white gun and shot dead nine black americans in church. time now for business on france 24. we have william hilderbrandt with us on set. lots to say about the greek debt crisis. will: that is right, once again boosting the liquidity for greek banks. over the past week, greeks have withdrawn billions of euros and it is not just scaring residents, but tourists traveling to the country. >> for many tourists, greece is at the top of their bucket list. but many traveling to the country are being advised to take extra cash. >> [indiscernible] >> with greece's precarious financial situation, there are real years of 80 and a possible bank run. -- of a default end possible bank run. it is something

. >> that's the latest from greece but how many other nations in the eu are having similar trouble.ve been told for years you've got to suck it up and can't spend so much. >> spain and portugal right on their heels. >> thank you very much. >>> heather is here with the headlines. >>>ew overnight, another escaped murderer with a story eerily similar to the missing fugitives in upstate new york. he is captured. christopher mcneill was found 80 miles from the minimum security prison he escaped from in north carolina. police say he hopped the fence at brown creek correctional institution. his get away driver, a prison worker kendra miller now facing a long list of charges. police say they worked together in the kitchen and had a romantic relationship. >>> a raging wildfire forcing 1,000 people out of their home in washington state. burning nearly three square miles east of seattle and destroying a dozen structures. and it is hot. as many as 60 homes are in danger and at that hour firefighters are facing temperatures over 100 degrees. >>> a fireworks display goes horribly wrong in ohio. ♪

nations -- go ahead please. >> foiferg forgive me for interrupting you sir. we have seen immigrants coming to the european shores, something the eu is very worried about and many of them do come through instigate way that's been created by libya being in such disarray. do you not think the eu and the key countries there germany france the u.k. italy could now play a pivotal role and have the will to do so? >> we would love to see them do that. i think if we have five members of the security council push forward with a decision, is backing an agreement with force if the parties do not abide by the agreement the united nations is going to step in. italy in particular has been hurt by the migrants from north africa from libya. to give you bluntly the bad news i feel an agreement without the international military muscle is not going to go anywhere. that's unfortunate and then libya is in a lot of chaos right now. >> sure. >> tremendous amount of chaos that's happening on the ground. >> and because of that chaos not officially perhaps but certainly in the press and quite a few european countries the idea of sum kind of military inter

merkel said eu leaders talked about keeping greece in the euro area. their program is set to expire in three weeks. the nation was downgraded by s&p. ceo says larry summers may have overstated the significance of a china led infrastructure bank. secretary said -- blank find says the u.s. has not had that kind of influence. the s&p has reaffirmed its aa credit rating. asalso had its outlook stable. rise toward the end of the decade. agency that does not give the u.s. a top rating. the s&p rose the most in over a month as a jump in oil prices refiners rally. for more on the action, we are joined by su keenan. su: tech and financials leading the game. for the year for oil. a lot of optimism over being made in greece. strategists said, germany actually blinked. that is a positive. to the -- theding dow up more than 250. of course, oil was the big story. all about supply. what we had were oil prices rising for yet another date to the highest price of the year so far. a couple things happen in terms of the reports. this was the regular wednesday supply data. the 6th street decline, the longest streak of the client

and defending the eu and says the eu doesn't deserve criticism for not being able to reach a solution and says greece has an attitude not worthy of the great greek nation the nation is not being given the true picture and we will speak to john in athens and john many greeks worried about the facts that banks have closed, the stock exchange has closed and they have restrictions on the amount of money they can actually withdraw from atms. >> that is right, the withdrawal is 60 euros per kurd per day and of course as you said those banks will be closed for a week so you can't make physical withdraws going inside to the teller. there will be normal web banking and phone banking in the country but not internationally and credit cards will operate as normal. we don't know what the restrictions are set at for companies and is the key because consumers can probably get by a week for the basis they have been withdrewing in weeks in anticipation of a bank crisis like this one and knew there would be a confrontation with creditors and don't know if businesses will be able to transact and remain open and trade normally that is something the bank of greece still ha

eu leaders at that emergency summit in brussels. he'll also meet leaders from the imf and the european national bank. the real crunch date is june 30th when greece's bailout program expired. greece has to pay the ifm $1.8 billion or default on its debts. how likely is there to be a compromised deal on monday? >> it is very possible although that deal will not solve the greek problem, just postpone it. >> so a short term solution. >> it will be a short term solution simply because the greek debt is unsustainable and greece is an insolvent country. there can be no solution if at least 50% of the debt is not written off. it has to be written off. 50% of the debt at least and then the assistance coming from european partners from imf should go, a large part of it for development purposes. so we need to start development in greece. economic sustainable development. three or four percent, even a first year student of economics can understand that this debt cannot be ever paid with primary surpluses. simply cannot happen. >> so where -- what i'm saying is the reasons that it won't compromise on pension cuts

eu and relations with germany. angela merkel had given up on greece and the solution to the debt crisis. they carefully avoided the past tense. in the intelligence game, there are no friends and enemies, just national interests. brent: the boston bomber has apologized to his victims for the first time. he made the apology shortly before being sentenced to death. >> paying ransoms to hostage takers. the american government needs to be more sensitive to captives families. brent:brent: the w news live from berlin. your top stories right now. finance ministers have postponed talks on the greek debt crisis until thursday. the talks are meant to finalize greases new reform opposable's. they bolster the military presence in the east. the secretary-general says there will be no new arms race. large crowds have turned out to welcome britain's queen elizabeth. this is the start of a german tour and is also the regal event for watchers here in the german capital. your majesty has been keeping up a world when pace -- a whirlwind pace. >> as part of her visit to the german capital, queen elizabeth paid a visit to berlin's technical university. it was here the monarch inaugurated the queens lectures. the german

we are working with our youth income eu and american part to support the formation of a government of national accord in libya and will continue to do all we can to support national governments and strengthen our weak legal institutions and even with the uncovered spaces where terrorists thrive. as i said and discussed many times before, if we need to act to neutralize an imminent threat to the uk we will always do so. third, we must take on the radical narrative that is poisoning young minds. the people who do these things do in the name of a twisted and perverted ideology which hijacks the islamic faith and holds a mass murder and terror are not only acceptable but necessary. mr. speaker, we must confront this evil with everything we happen. we must be stronger at standing up for our values and we must be more intolerant of intolerance, taken anyone who's used them to the extremist narrative are create the conditions for it to flourish. on wednesday a new statutory duty will come in to force requiring all public agencies and schools to presence to local councils to take steps to identify and

eu officials are preparing an ultimatum for greece. plan b's capital controls. how do you get greece to accepted them? it is only a national government that can impose capital controls. yesterday you are from mario draghi and he did not mention capital controls. he did talk about the need for greece to come to the table and an agreement and he was putting pressure on greece. have a listen. mario draghi: such a strong a credible agreement with greece is needed. also other euro area as a whole. while all actors will need to go the extra mile the bull is in the camp of the greek government. hans: i count a three or four officials or ministers in the case of spain talking publicly about the need for a plan b about what you do if they do not make their payments or have a deal and if we get to june 30 and no agreement for additional cash. one final note, a new poll out and they ask on whether cool bears responsibility for the prolonged talks. 56% blame creditors and the other the greek government. inside of athens, more blame for the creditors than the greek government. jonathan: nikos, that headline that last night, what i want

interesting i mentioned zambia that is a the point never have you seen is a developed nation miss a point to imf or eu, maybe, countries like zambia, but not countries like that are developed, by the way, the other issue here is the fact that you are talking about a contagion you know if greece leads euro maybe others follow i think the other way if greece leaves the euro others will see what a dire situation greece is in will say we better stick to the rules that is the risk allowing them to stay there, and allowing them to break the rules. maria: i think that is a very good point. jack: if greeks get the deal spain wants the deal portugal wants the deal if -- stands tough i think you are right spain portugal get in line quickly. >> we will watch with likes of chris brown putting on a sold out show inside metlife stadium last night disgruntled fans clashing with police look at video if issued by new jersey state police people tried to illegally force their way into the inventory forcing their way through security armored state police vehicle began blocking allowed noise have to disperse 1,000 person

what their political status is the greece of course is an independent nation state, but still highly dependent financially on the eu. and also i think it's important to also keep in mind there's also the possibility greece could exit the european union. this i think increases would you like a dilapidated abandon the euro. there's a real close eye they are between greece's continued use of the euro as its currency and discontinuation in the eu. so looking at puerto rico, we have a very kind of limbo like situation here where puerto rico has some broad and hard to break ties with the u.s. first of all puerto rico residents are u.s. citizens. puerto rico as the dollar. and, of course, enjoys substantial subsidy. now, in terms of cash flow to and from puerto rico from the federal government but also the tax exemptions on the debt issues that's been been talked about but, of course, puerto rican citizens don't pay generally speaking u.s. personal income tax. the options are statehood, full independence or maintenance of the status quo. over the years there's been a lot of debate and puerto rico about what their long-ter

national pride. they feel like they have been put in a corner and bind. they may vote to thumb their nose to what the euring them. >> thank you for joining us. i hope you are doing okay. it sounds like you are. we'll watch that for the greek people. >> not only greece we are watching today. the governor of puerto rico is warning it can't pay the debt. he's hoping to defer payments while negotiating with creditors. they released a major report on the country's economy. and in the meantime law makers are grappling with the budget. they plan to approve a fiscal deal today. and the impact on the markets is clear. and global markets having a rough go. and trading is negative now this year. >> and that three- week manhunt is over. david sweat shot and captured just a couple of miles from the canadian border. that is 30 miles from the maximum security prison. and matt as you know was shot and killed on friday. peter doocey is there on the scene. and we are reporting at the 16 of when that hero state confronted sweat, he ran and shot him and now he's in custody. >> reporter: this is where it all ended for david

eu leaders can approve at the end of the week on friday. optimism driving that risk appetite. if i drill into the benchmark, the biggest gainers the bank leading, nationalof greece is one of the biggest gainers. gaining 9%, 6% respectively. national bank of greece is leading the gains on europe's. we had a news that the ecb is said to have raised the cap again on emergency for greek banks for the fourth time in less than a week and reassessing on almost a daily basis. finally, a check of the bond market. borrowing costs calming down in greece. 26 basis points at the moment down on that 10 year bond. not as much as yesterday when you saw the borrowing costs down 100 basis point. we are seeing greek bonds arrived. mark: thank you. the total value of all deals this year on track to pass through trillion dollars for the first time since 20 -- $3 trillion for the first time since 2007. what are some of the big deals? guest: good morning. we have seen some of the biggest so far this year with shares in bg energy. a few years with no deals and energy. it is a big splash and then pharmaceuticals with tnt. mark: what is behind this the splurge in m&a? manuel bai

eu, it could be quite quite a strategic coup for putin. >> yes. lou: and, of course, the geniuses who make up the nato nationsn union and, of course, the united states leadership have been driving as hard as they could straightforwardly against the greeks without even a consideration they would be pushing them into the arms of putin. >> well and the other thing that's happening is putin's goal is to destroy the european union, destroy nato. drive a wedge, and the other part of it is last week there was a pew poll, a large poll 12,000 people citizens throughout europe asking if russia were to attack, if there were a war, do you think your country should rush to the defense of nato members? half said not my country. we don't think we should do it. putin smells something. lou: we have been that way over the course of history. >> we'll be there, don't worry. lou: let's turn to the first the idea that iran now decided that it won't permit inspections of one of the mullahs ayatollahs saying no instruction of military sites. you know kerry has to have the best sense of humor better than anyone i've seen putting up w

nation is facing the real possibility of leaving the euro zone. tens of thousands of greeks rallied today, supporting the membership in the eu, even if it means more austerity. greece submitted a proposal but the president said that a deal will likely require a change in course in athens. >> what we could consider, and we'll have another conference call tomorrow is further talks on a new program. but given the current political position that the greek government is taking, it's very difficult to have constructive talks. >> before the bailout deadline expired, u.s. stocks closed higher but european markets saw a second straight day of decline. investors there fear the impact that the referendum could have throughout the euro zone. and dominic caine reports from frankfort. >> this is the heart of frankfort's banking and business district. and in this part of the world people are used to making decision that's have a profound importance. it could cost the german taxpayers a great deal of money. and that's why people are contemplating choices. we want you to get the flavor of how much they are willing to pay for german solidarity with greece. >> you f

nation. >> it is a bad situation. thank you for speaking with us there from sanna in yemen. >> human rights watch has called on the eu to use influence and resources to address the major drivers of migration. this includes systemic human rights violations that force people to three their countries. the mediterranean sea is the most dangerous migration route. tens have thousands still make the journey hoping for a better life. more than 219,000 people made the crossing. 10.5000 were children traveling alone to italy. in the first five months of this year 60% of migrants crossing the mediterranean came from four sonsy be witness syria eritrea afghanistan and somalia. >> let's speak to the u.k. director of human rights watch. good to have you with us. this report by human rights watch spoke to many, many people who were making these journeys in flimsy boats trying to cross the seas. what were or what are the major factors that drive them to do this? >> yeah, as you say we have viewed a number of people, significant numbers that arrived recently that arrived cross the mediterranean in greece and italy. what their testimo

. ♪ well the eu's top executive says he feels be troytrayed by a referendum in groups and playing one against the other in europe was not worthy of the great greek nationhe president criticized what he called the egotism by government during the talks and talk about the bail out by greece saying it's demanding but fair. >> european countries went to very difficult talks, portugal spain, cyprus to name only these few countries. all governments took very difficult decisions. nobody is out to give the impression about the cuts in the package. there are no pension cuts in this package. no pension cuts in this package. in fact, it's a package which gives families more growth and more modern and transparent poverty administration. it would be advisable to the greek government to tell the truth to the greek people the test of simplifying its on message to no message to next sunday. >> markets reacted to the turmoil in greece when they opened earlier on monday and share prices around the world have been hit hard from europe to asia billions wiped off the value of companies and germany stock exchange opened 4% down and bank customers faced with a week of closed

eu was taking aim at the economy extending sanctions against russia for its actions in ukraine. but russian president putin is not backing down, even as the kremlin dismisses attacking a nato nation as insane. lawrence lee explains. >> reporter: a nato fleet off the coast. coming to liberate a country from the grip of the enemy. it's a drill or in the worst case scenario it's a rehearsal. and no prize for guessing who the supposed enemy is. nato's supreme allied commander told me russia had to understand just how serious nato is in its defense of the baltic states. >> my commander in chief made it very very clear here last year that we will defend every inch of nato territory. >> vladimir putin said it was insane, is what i think the words he used. >> we have no idea what mr. putin would do. anyone who would guess would not be able to give you any clear insight. >> reporter: we were flown out over the baltic on a british helicopter and let down on the u.s.s. ocean. spain and sweden aren't even cincinnati members. a contribution from several other countries a russian fleet is out there as well but not on speaking terms with one another. >> russians are watching. we are neighbors o

eu level. the euro is still something -- it is still a work in progress. i think a lot needs to be done. nationalcal policies need to be flexible in the context of the common monetary policy. anna: we were talking earlier in the first half-hour of the program about the possibility of debt reduction. you mentioned that the greeks have been saying for a long time that some sort of debt relief has to be on the card. is that at all on the agenda even just a promise of it in the future? is it going to be talked about after the deal? micheal: i think it is already being talked about. i think rather than outright debt reductions they will elongate the debt for example, from 2013, when we pushed it back to 2075. the absolute value of the debt stays the same but these institutions on have to take a right down -- a writedown. the value of the debt will be reduced. anna: is it a sideshow for global markets? micheal: i think they are. and if you can manage to extricate yourself mentally from greece and looks at how it has underdeveloped, injured -- inter-developed we are in a situation in terms of economic h

nation's bull market has peaked. it is set for its biggest one-day fall since 2007. no rest for greece. eue meeting for the second day of their summit in brussels. they won't be talking about greece. saturday has been earmarked for that discussion as the june 30 deadline looms. a change of light. tesco reports a smaller than forecast sales decline. the new chief executive is still set to face tough questions over an accounting scandal, executive pay, and asset sales. that's what we are watching. let's check in with caroline at the touchscreen. caroline: good morning. we will see how we are opening on the equity markets. it has been a down couple of days. suddenly concerns springing into investors' minds when it comes to greece. will a deal be done? they are meeting for the fifth time in just over a week. these people are seeing each other more than their own families. they are trying to get to an agreement before june 30, when the bailout agreement comes to an end. can they extend that? can greece make that payment to the imf?