you may remember discovery has picked up p the europe nation ghts for the olympic gameses from 2018 through 20rain two. discovery is getting the bulk of this revue from international countries anand affiliatat. rebecca: that is a big deal. jenner: it is a really, really big deal. the other headline -- marriott. marriott is in bethesda and they said earlier this year they will be looking to see where they go when their release runs out in 2022 and there are lots of groupshat want to bring them toto the new pike community and see if ty can get ththem to move over that way. rebecca: what you think will be the answer to that? jennififer: it depenends. ththey are rebranding it and they e making g a big push. they want to have amenities for millennialal's and they want to push metro. the old white flint d dtrict is making a push. rebecca: robert, you have been following headlines inhe region. prince george's county with a couple of -- one that especially surprid me -- what are the headlines from prie george's county? robert i think the one you are referring to, the coty executive has quietl pushe

both sides agree efforts by europes own nations could go in tandem with what the u.k. wants. prime minister david cameron is seeking assurances it won't decline as europe goes further. >> >> let's look at some of the other stories making headlines at this hour. they're the largest generic drug maker in the world and more players should combine to fit costs and improve efficiency. the company says the deal will help improve access to affordable drugs. the shopping streak continues for billionaire patrick. he'll complete a new venture to pick up a 49% stake in tv. the move comes following the failure to recover 10 million of state aid from low cost airlines. last july commission found contractual and marketing benefits were rewarded contrary to rules. and the carrier announced a two year plan accessing 1400 jobs through retirement. more business news coming up in just under an hour. >> thanks very much. with the business news for us. time for us to take a sh this is democracy now!. president obama: i am proud to be the first american president to come to kenya. [applause] and, o

europe needs a hank paulson. there needs to be one integrated policy and wealth transfers. that's a deep question. it goes to all the cultural differences between this group of nations. uge issue that as zanny said europe has been kicking down the road at every possible juncture. i do think if greece goes out and there's a fundamental insecurity about what is this currency going to be that's going to come to a head. >> let's balance it the other way with if suddenly merkel says we're writing all the debt portugal spain, which i favor we might have german exit gerxit. that's a big danger hanging over if you go too far in the other direction. >> zanny, all this means the u.s. looks better. the dollar remains stronger. at the end of the day, would it be fair to say that you know we're back to that single engine world economy where the united states continues to power along? >> well, the u.s. is looking stronger, yes, but actually let's put this greek thing in the short term. finally the european central bank suddenly realized needed to boost the european economy more. they have gotten off austerity kick they were pushing so hard. so the european economy although certainl

europe is asking to reform the pension system. the pension system here is subsidized by the national government. europe is saying make that more independent. whatever you put in you get out when you retire. the third is raise tax on businesses. europe says your businesses the economy is too taxed. can you cut spending any other way. and then there is cuts in spending in military spending that greece agreed to and one of the red lines is this v.a.t. in the islands. europe wants to completely eliminate that v.a.t. because it is just too much. but greece wants to keep it. greece says we need to keep the v.a.t. on the islands because that will impact tourism. >> interesting points coming out there. at least there is some progress but a lot to be decided. isa soares reporting there live from athens many thanks to you. >>> in the third week of trading volatility chinese stocks rallied thursday. >> beijing announced measures to halt the slide including a ban on large shareholders from selling. the shanghai composite is up 5% and the shenzhen up nearly 4%. ivan watson has the latest on this. these are ex

>> i mean, if you look at europe and national member parliament. so-called euro step skeptics are gaining more voters, now in the european parliament we are a minority, but i think that people start to thinking about something different. and the european union without the euro. because euro has been an experiment. it failed, so that's the problem. i think that the grexit will be the first step for the break up of the eurozone. >> that was euro skip i can marco an italian member of the european parliament. >>> the united nations urged that europe help greece with another cries they say greece cannot cope with an estimated 1,000 migrants arriving every day. 77,000 refugees have landed in greece this year, posts most of them from syria. more money is needed to house and feed them. greece and italy have borne the brunt of the wave of migrant crossing the mediterranean see to reach european shores. the iranian nuclear talks will con through the weekend in seen. negotiators agreed to extend the interim deal until monday being both side say they have made

what we agreed on in europe and what the national roles are. if everyone had done the same everyone would not be in a desperate situation. looking for a culprit outside of greece may be helpful in greece, but it has nothing to do with reality. >> while europe leaders bicker, what do tourists think? tourism is vital to the economy. we saw them trekking up to the acropolis. some oblivious to the crisis. some taking it in their stride. >> nowfor the greeks themselves the situation is much more worrying. they can't escape their country's financial crisis. yet for all the tensions and disagreements in this country the vast majority of greeks have dealt with this situation with great calm and pay patience. >> leila gives legal advice to bankrupt greeks. 128,000 have declared bankruptcy over the past five years. but what can can she possibly tell them now? >> even as lawyers we're not afraid about what will happen next. there is a lot of--there is not a lot of answers at the moment. we say wait and see. we may have a referendum at the end of the week.

europe. what the national rules are. if everyone had done the same greece would not be in such a desperate situation. looking for a culprit outside of greece may be helpful in greece but it has nothing to do with reality. >> reporter: while europe's leaders bicker what do tourists think? tourism is vital to the are greek economy. we saw some tramping up to the acrop lust, someacropolis, some take it in their stride. >> i heard that some banks might be closed, i brought some money from heem basically. >> for greeks themselves the situation is much more worrying. they can't escape the crisis. yet for all the tensions and disagreements in this 61, the vast majority of greeks have dealt with the situation with great calm answer patience. >> lila gives bankruptcy advice to thousands of greeks. what can they possibly tell them now? >> even as lawyers we are afraid about what will happen flex. there is a lot of insecurity and uncertainty at the moment. so we just say wait and see. we have a referendum at the end of the week. ma

what our roles are, what we agreed on in europe and our national roles are. if we had all done the same greece would not be in a desperate situation. looking for a culprit outside ever greece may be helpful for greece, but it's not helpful in reality. >> tourism is vital to greece's economy. we found tourists trekking up to the average acropolis. some oblivious to the financial crisis. others taking it in their stride. >> i heard that the banks might be closed so i brought cash from home. >> there are problems over here, but now we'll carry on as normal as far as we're concerned. >> for the greeks themselves the situation is much more worrying. they can't escape their country's financial crisis, and yet for all the tensions and disagreements in this country the fast vast majority of greeks have dealt with this situation with great calm and patience. >> lila gives advice to those claiming bankruptcy. what can she possibly tell them now. >> even as lawyers we're afraid about what will happen next. there is a lot of insecurity and uncertainty at the moment, so w

i don't think people anywhere in europe, not only in greece, feel -- identify themselves as europeans anymore. we are going back to re-nationalizing of europe. and people are turning against each other now throughout europe. and this is -- >> is this the real crisis? >> to me, yes, because combined with a lack of leadership, this can end to where? to what allen calls it. is it the end of the eurozone at least? >> true. but as you are a greek, i don't need to tell you that the word crisis comes from a greek word and it is the word basically that means to judge, to make a judgment doesn't it? so that a crisis is an opportunity, not only for something to fail but also to make a choice in the right direction. so this is the question we've also been looking at in this show. the question of, is this ra -- is this a new start for europe? let me make a quick round of asking you that question again starting with you, ursula. is this a chance for europe for a new start? >> that is what he always says, he always says that europe only shaped itself in crisis. and that europe always is ready to just find the point, to turn around, and to find

the propagation of fear - i am sure form we'll open a road to all the nations of europe. >> the leader of the main opposition party voted. the former prime minister is urging greeks to vote yes, and support the bailout. >> translation: today we greeks decide on the fate of our company, we vote yes for greeks. >> john psaropoulos joins us to tell us whether there's a sign on which destruction the vote is headed and what the mood is in athens. you will >> reporter: there are no conclusive opinion follows to give us a desize ipicture of where the vote will go. i would say look at this in terms of the popular vote dating back to the january general election. what do you have? you have the three main opposition parties, socialists conservatives and a smaller group, the river, backing the yes vote. together they don't amount to 38% of the popular vote in that january election. furthermore, the socialist and the conservatives have had a chance at managing greece through this crisis and both have been ousted after half a term in office. they are not, therefore, highly popular at the moment. on

. >> what about the level of sport that exists for greece among other nations in europe. do you think it is fair to say that france is perhaps the most steadfast supporter in the eurozone at this stage? >> i have a hard time judging that. french officials have been more sympathetic in this last round. but when it really mattered and when there was the hope of getting policies there were actually functionable for the greek situation, i don't believe there was any major help from major powers. >> what about the referendum held last sunday. do you think that has had any major berger on how events have panned out during the course of the last five or six days? >> regrettably not. it shows the sentment of the greek people, and that is a message that will resonate through the politics of other countries in the periphery of europe and other countries affected by the crisis. in the long run the referendum may well have an effect, but it didn't have an effect on this negotiation. >> professor, thank you for speaking to "france 24." we apologize to our viewers for the audio quality

in europe and the united nations, the first milk banks opened about 100 years ago. in america, they are currently 15 milk banks that people donated milk to hospitals or homes. donor interviews about the american history on lifestyle and they undergo block tests. the milk must be inspected to make sure it contain nos dangerous substances before being frozen. the adds to the cost of the donor milk. the mother relies on the milk band. it costs her more than $15 for each feed. in one month, she pays up to $3,000. >> it's very expensive. i love the milk bank in the united states. i love that it exists. i just wish it were more common. i wish it were more affordable. >> at the moment the milk bank can provide its status for free because it's funded by the government and private sector. however, it is linked to only one hospital. >> the next step is to create a system where mothers can turn to safe donor milk. >> in japan, the idea of breast milk banks is very unique. before it can grow and reach other parts of the country, the decision needs to be made on how the system c

. >> i always kept to what we agreed on, what our rules are what we agreed on in europe and what our national rules are. if everyone had done the same greece would not be in such a desperate situation looking for a culprit outside of greece may be helpful in greece, but it has nothing to do with reality. >> while europe's leaders bicker, what do tourists think? tourism is vital to greece's economy. we found them trekking up to the ancient acropolis. some of them oblivious to the financial crisis, some taking takingtaking it into their stride. >> i heard that the bank may be closed so i brought cash from home basically. >> we knee that there were problems over here, but now to carry on as normal as far as we're concerned about snore the greeks themselves the situation is much more worrying. they can't escape their country's financial crisis. and yet for all the tensions and disagreements in this country the vast majority of greeks have dealt with the situation with great calm and patience. >> lela gives legal advice to bankrupt greeks. 120,000 have declared bankruptcy in the past five years. b

after a $6.3 billion bet on bonds of some of europe's most indebted nations. customers allege more than $1.6 billion of that should have been segregated, was transferred to other parts of mf global during a liquidity crisis. a surprise in the labor market -- job openings rose in may to the highest level on record to more than 5.3 million. the second month that opening succeeded hiring -- exceeded hiring. mark: dick fuld is putting his estate in sun valley up for auction next month. the property includes more than 71 secluded acres with 2100 feet of big wood river frontage. a main house with service quarters, separate guesthouse and a gatehouse with 11 bedrooms and 10 bathrooms. living in this kind of secluded style will not come cheap. as estate will bring as much $50 million. scarlet: coming up in the next half hour, oil heading towards a bear market as concern grows over economic stability in europe and china. too much supply in the u.s. how low it could go. mark: wealthy russians and sending a message to elon musk, bring us your iphone on wheels. russian ca

mf global filed for bankruptcy in october 2011 after that on bonds in some of europe's most indebted nationsions were transferred to other parts of mf global during a liquidity crisis. the lawsuit settlement will need a judge's approval. foreigners are headed for the exits, foreign investors are selling shanghai shares at a record pace. china, is happening in it is an economy killing large parts of the world and that is what you have rippling through the market, the nikkei suffrage. tradersd to trigger interest in getting in and out of positions. is gone nearly 27% since hitting a seven-year high on june 12. carnival is planning on offering cubaes from miami to beginning in may, making it the first american cruise company to nation in mored than five decades. it is being offered through the new brand fathom. passenger sale to a destination to volunteer. >> it is the first time that a ship will be able to go from u.s. to cuba and then to return and repeat the process. we feel privileged to receive the u.s. licenses and are excited to work with the cubans to major that we do everything possibl

atop our american history museum to witness the world war ii flyover , so bring victory and europe day. our national air and space museum director participated. the former assistant commandant of the marine corps was in the p 51 mustang that executed the missing man maneuver. the next day some of the participating planes were on display in our air and space museum's. the center also houses, among many treasures, the space shuttle discovery, which flew over the national mall three years ago. online we offer three-dimensional scan of the right liar that any lifetime learner can download free of charge. i saw our national museum of african american history and culture rising out of the ground. museum curators have collected more than 33,000 artifacts including the spirit of tuskegee airplane. we have an ambitious agenda. the first phase of our west wing reopens on july 1. the gallery reopens on november 13 after a significant revitalization. we can offer so much to so many people because smithsonian is the largest complex in the world. 20 libraries, nine research centers. and 201 affiliate is he him's

which is a system in europe that is taking all of the national libraries cropping up around europe and making sure when we digitize materials and they digitize material we have a similar system so someone can search across the systems. and the point is not to make everyone of these national digital library systems the same but make them interoperable so they believe work together. the first exhibit we created wasn't just a national exhibit for the u.s. but it was joint with europe and looked at immigration and the progress of someone going from the new world to the old or the old world to do now. i don't think we have to build a worldwide library. i think that would be impossible and we would never agree. you think about how the united nation works and how slow that goes. but instead of having 200 libraries exactly the same around the world at a national level we can agree on certain things and make sure somebody who is searching across them can actually find the information they need so a global vision can be highly interoperable and connected w

europe dement with this historic ish oo uz. the diplomat who chose san francisco for the unit nation frz the suffering in europe and asia, we had a big shindig in the 60th because [inaudible] funded it. the 70th and scaert general was here, mayor ed lee and [inaudible] officiated as chief of protocol. charlotte and orange gourg have their names on the carriage way across van ness. we need to do historical reck nl silluation discussion about how to deal with these issues because our children in proschool, k-12 and higher ed we have to deal with the issues. the many spent is in san francisco. you need finance capital to fund military aggression instead of diplomacy and education and senior housing. let's-- >> thank you very much, next speaker. >> [inaudible] i say that in many languages because that is how we say good morning in america to so many people that made this country great. as we look here, justice and pride and love we do [inaudible] i want you to know this lady here , her name is [inaudible] she is a [inaudible] used to live in the city of san francisco but now she sin oakland and we miss her. one thing about the lady

mf global file for bankruptcy in 2011 after $6.3 billion bet on bonds on some of europe's most indebted nations. thanmers allege that more $1.6 billion should have been segregated and transferred to other parts of mf global during the liquidity crisis. settlement will need a judge's approval. i got that. scarlet: some economic data here. unexpectedly rose in may to the highest level on record. more than 5.3 million. it is the second month hiring succeeded -- openings exceeded hiring. alix: the gap rose almost 3% to $42 billion. experts felt by the most in three months, the biggest decline in human commercial aircraft and industrial equipment. it is ascended businesses are having problems selling to overseas customers. scarlet: europe, china, anyone? there is a hostile takeover in the pharmaceutical business. it represents a 42% premium over the last close. verizon says the management has rejected the proposal. alix: damion lee for properties is raising its offer to buy pinnacle entertainment casinos by 32%. it gives an enterprise value of $5 billion. boomtown casino in new orleans and the river

yes, there is blame there, and have to remember what's going on politically in the other nations inside europe inside germany or inside france, they want to see their money repaid at least in france in particular they're having their own hard times. if you are asking people if you're giving people money, what might be perceived as free you want to pay back politically inside germany and france. lou: is this a moment of reckoning in your judgment, dennis for the eu? the eurozone is in difficult, defendant times. its economy is not performing. the promise of the vaunted eu is a power and the euro as a currency, it is taking the hammer. >> you see the euro about $1.11 today. i'm going to take a contrarian view, lou, i don't view it as a moment of reckoning as we want to cover it as summit we've been having the discussions about greece since 2010 2011 and they've been going on and on and on. is the euro going to crumble? >> no. might it long term? yes. right now they're going to kick the can and kick the can, by monday, we still don't know what's going to happen to greece, and it's going to take a

. >> reporter: >> reporter: june 30th, initially a national holiday and europe, signalling the removal of mohamed mursi by the military two years ago. instead a day of mourning for the prosecutor barakat assassinated on monday. at his funeral the current president abdul fatah al-sisi promised to enact legal reforms that would enforce death sentences swiftly. >> translation: the hands of justice are chained by laws. we will not wait. we will change laws to allow us to implement law and justice as soon as possible. within days criminal laws that can face terrorism should be presented. >> those developments could be a direct reference to monday's assassination. the car bomb bore the hallmarks of a group based in the sinai peninsula waging attacks on security forces. police are investigating how the group was behind another explosion on tuesday, in the cairo suburb of 6 object. october district. three people were killed. some opposition leaders were worried that president abdul fatah al-sisi will use the new laws to crackdown on the outlawed brotherhood group. >> this will lead to nothing

. >>> some important progress in europe today as nations try to fix the massive greek debt crisis.ece proposed a $59 billion bailout. we are waiting to hear what the eurozone's top official thinks about this plan. french leaders say it is credible and serious. european stock markets are responding positively to reforms. greece says it will make. >>> you have little less than a month now to buy yourself property in charles county before a new transfer tax goes into effect. starting august 8, the county will charge half a percent on every home sale. there is one exception if you're a first time home buyer and this is your primary property you will only pay the tax after the first $50,000 of the purchase price. >>> 6:36 right now. today, first lady michelle obama hosts her fourth annual kids state dinner. 55 will attend the dinner. they're winners of the healthy lunch time challenge. part of her let's move campaign. today's lunch will feature the winning recipes from the challenge. the student guests will get to see a special performance by the cast of disney's aladdin and get to tour

europe. watch, watch, watch. that's going to sweep this nation. couple that with the course the government that can't afford this. we know a lot of the money when it comes to this money we spent the last couple of years when someone is in a bed, and they're -- we always heard about this. >> most of our hospital in the final years, years of life to have the conversation. what is wrong about that? >> there's nothing wrong with that and i think people should do that. i just don't want the government between me and my doctor. i don't think the government should be part of that conversation. >> medicare what -- >> here's where it gets bad. the government is involved. it is -- it's rationing southwests, and then the government will be -- >> come on. >> ben stein what do you think of that? what is wrong with a government or a doctor having a conversation or do you fear the conversation more -- >> i think the conversation will be inevitably morph into questions lou woou like us to kill you, and more and more people will say yes, and i think that's a shame

if they could it would be the same. >> translator: i would like greece to say no to europe because i believe in nationaleignty and said no to the condition and they were not respected and talked about europe as the political i deal and it's all a matter of economy. >> translator: it looks like europe belongs to the banks and not its people. >> translator: i hoped this crisis will hope european leaders to change europe and less sympathetic and less egotistic and less german istic. >> reporter: it has affected public opinion and the sentiment is on the rise and political party who ask to leave italy with the euro zone have gained ground and saying if they are in power they will do what greece didn't get rid of the euro. >>> the food scare in india left hundreds of workers without jobs and in sport a second look at the hottest golfer and lee has all the sport later. ♪ that open your world. >> this... is what we do. >> america tonight. tuesday through friday 10:00 eastern. only on al jazeera america. >> these are babies in prison. >> he stood in that bathroom and nobody went to help him. >> how many people

pimm: maybe eastern europe and the baltic nation? jens: they have that argument.a pure economic perspective, there was never a clear-cut argument for the euro being a good idea. pimm: you get thrown under the bus if you are weak and cannot compete. we have seen a very tough deal being struck around greece that reason. pimm: thank you very much. you are going to want to tune in with joeyou missed" weisenthal and alix steel, speaking with two nobel prize winners, paul group -- paul krugman and edmund phelps. why two of new york most prominent real estate agents are betting on the brooklyn navy yard. ♪ ♪ pimm: welcome back to the bloomberg market day. i am pimm fox. walmart wants to crash amazon's birthday party. walmart is launching a sale on wednesday to rival amazon's prime day to celebrate its 20th birthday. walmart says more than 2000 items will be discounted online and anyone can get the discounts. the amazon sale is only open to prime members who pay $99 a year. jarden has agreed to buy waddington group in a deal valued at $4.1 billion. jarden's brands include

eastern europe and the baltic nations. guest: exactly.a pure economic perspective, there was never clear-cut argument for it being a good idea and that is the challenge we are facing today. thrown under the bus if you are weak and cannot compete. alix: that was the former bank policy maker the managing director of currency research at nomura speaking with pimm fox. ahead, wisconsin governor scott walker throws his hat into the ring. we will take you to the republicans home state as he enters a very crowded gop field. ♪ alix: welcome back to the bloomberg market day. i'm alix steel. about 15 minutes before the closing bell and a triple digit rally on the dow -- ramy: looks like nothing is pulling the markets off of the ties today. the s&p 500 is up by 1.1% and the nasdaq is up by 1.5%. the s&p is seeing his best three-day rally this year, same for the nasdaq. as for the dow, this is its best day since june 10 and its highest level in three weeks. let's head into the bloomberg terminal and i will take you into what it looks like. s&p's 10 s

is the rest of europe aware of the desperation within the nation of greece? carl: good morning i think the leaders are aware of the urgency of the situation, the name of their game right now is to avoid default which is the same thing as bringing stabilization to greece. they have to be focused on a 4- point agenda. by tomorrow's summit, the have to cut with a plan to save the banks and if necessary direct the ecb to keep the ela open. the heads of state have to get the finance ministers back to the table, talking about what happens next. they have to get a negotiator in there to help them as a mediator and move forward. the most important thing on the agenda is restructure the bond due on july 20 that one bond the ecb has to begin in a green light to accept other paper in exchange so we don't get default. tom: dr. weinberg did not mention the emf. are they part of the discussion? brendan: if the greek government issues and iou to pay pensioners, does that automatically mean new currency out of europe? carl: it's a long way to get out of the euro to issue scr

europe needs a hank paulson. one integrative fiscal policy and well transfers. that's a deep extension question. it goes to the difference between the nationsuge issue that europe has been kicking down the road at every possible juncture. i do think that if greece goes out and there is a kind of fundamental insecurity about what is this currency going to be i think that's going to come to a head. >> let's balance it the other way if suddenly merkel says we're writing off all the debt. portugal, ireland and spineain, i favor it. but then says german exit. that's a danger hanging over if you go too far in the other direction. >> zani final thought from you. what all this means, the u.s. looks better the dollar remains stronger. at the end of the day it would be fair to say that we are back to that single engine world economy where the united states continues to power along? >> well the u.s. is looking stronger yes. let's put the greek thing in the short term in some perspective. finally the european central bank last year suddenly realized that it needed to boost the european economy more. the europeans broadly have got off the austerity kick

what our rules are what we agreed on in europe and what the national rules are. if everyone had done the same, greece would have not been in such a dispris dispris desperate situation. >> what do tourists think? tourism is vital to greece's economy. some taking in their stride, some oblivious to the situation. >> i heard that a bank may have been closed so i just brought some cash from home basically. >> we know there's problems over here but no, carry on as normal as far as we're concerned. >> reporter: for greeks themselves the situation is much more worrying. they can't escape their country's financial crisis and yet for all the tensions and disagreement in this country the vast majority of greeks have dealt with the situation with great calm and patience. patience. lila gives bankruptcy advice to greeks. 120,000 have claimed bankruptcy in the last few years. what will she tell them now? >> there's a lot of insecurity and uncertainty at the moment so we just say wait and see. we have a referendum at the end of the week. maybe some things will happen. maybe not

the most indebted nation in europe? when other countries have taken tough austerity and taken the medicine? >> reporter: it is really hard. i think the other peripheral countries in europe spain, portugal, we are talking about ireland. they all had bailouts. cyprus too. they have been able to come out of it. portugal is growing again thanks to the exports. greece is suffering. the economy depends on tourism, christine. that is it. it needs to think of other ways to create money. the summer holiday, this is how it makes its money. other peripheral countries have done well. they are not happy that greece if they get debt relief there will be a concern compared to everyone else who had to suck it up to be honest. >> how, isa soares. you could see a huge sell off. john it was 1997 when the tibot was devalued. there was contagion around europe because of the big currency problem that wasn't contained. the u.s. exposure to greece is minimal. >> but the exposure to the euro is huge. >>> happening now. the countdown to the dead

europe is saying you need to reform the pension system. what happens is that greece subsidizes the pension system from the national budget and europe is saying why don't you make the system self sufficient so people pay in what they get out at the end so they will have more independence on that front. that is one thing that europe is asking for. then europe wants greece to cut spending. and -- greece is saying we won't cut spending what about if we raise taxes on businesses. europe says we don't want you to raise tax on business. so i think there is a dilemma where they are going to cut spending which is better raising taxes or cutting spending. and they will agree to cut military spending. and europe wants greece to eliminate the v.a.t. on islands. greece says our islands depend on transportation costs and tourism. if you eliminate that that will take a hit on the islands and the tour himism. >> isa soares reporting live from athens. many thanks to you. >>> china's markets are in the third week of volatile trading. committing brokerages to buying billions worth of stocks. here's a look at the numbers. we'll bring those up if we can. the sha

global export growth because of the slow downgoing on everywhere and germany is the big exporting nation of europe and i see slowing down and look at the pmi. i think germany is at risk of leading europe into a recession which is against everybody else's opinion. >> specifically, you see the german economy basically being one or two cycles behind the u.s. the germany will feel weakness because of what is going on here. >> absolutely right. the u.s. is weak. the gdp numbers came out first half of this year is the weakest first half since the recession. i think that feeds into europe. takes time. europe lags the u.s. so i think that won't help germany because u.s. is buying less goods from germany so that doesn't help now. >> one of your shocking predictions is the last question is about deutsche bank and that germans will have egg on their face because they will be forced to bail the institution out down the road. how are you -- how do you form late a trade around? are you short the bank? >> i'm looking at the bank and makes me concerned and look at the numbers and dig into the balance sheet and i'

now the nations in europe plan to meet tomorrow to discuss what happens next.in the end, they could forced to abandon the euro and print their own money. >>> the pontiff plans to stop in bolivia and paraguay to discuss poverty there. we are live in ecuador where he briefly spoke minutes after landing. rosa? >>reporter: good morning. imagine the euphoria the excitement. a pope hasn't visited ecuador in 30 years. here he is, the first latin american pope on their soil. he is waking up at the diplomatic mission of the holy sea. it's where he will rest. he has a packed day ahead of him. he is heading to celebrate a mass with tens of thousands of faithfuls, then comes back here to visit the cathedral you see behind me. if you take a close look at the pope mobile it's not the official one from the vatican. it's actually an outfitted 4 x 4 jeep. hear this it has red carpet and l.e.d. lights inside much in line with the message to go green. as we look ahead, he has another pope mobile. take a look at this tweet tweeted out this morning by the organizers here in ecuador

the weather agency for the united nations says europe is better prepared to cope with the heat now than in 2003 when tens of thousands of people died in a heatwave. now here in the u.s., parts of the west coast dealing with the record heat. this is how they are dealing with it. the video from the oregon zoo in portland where the zookeepers are doing what they can to keep those with fur coats cooler. seattle saw the hottest june ever. it doesn't sound very hot does it? 78.9 degrees. for seattle that's hot. june in las vegas is officially the hottest there ever. in the desert it's scorching hot. jonathan: that gets over 110. i would love to talk about the weather. but that tie. brian: earlier i did weather with the coat unbotened. that's not the proper way. all weekend we have been looking ahead to the weekend obviously. we have had storms. i think there will be showers tomorrow. but i'm hopeful looking at the latest model by the evening it will move out. jonathan: perfect. it will school things off. brian: cooler. if you could do something saturday opposed to sunday -- kimberly: sunday.

i am sure tomorrow we'll open a role for all the nations of europe >>> and the leader of the conservative opposition party voted. the former prime minister urges greeks to vote yes and support the bailout. >> translation: today we greeks decide on the fate of our company, we vote yes for greeks. we vote yes to europe >>> we have our correspondent john psaropoulos in athens and hoda abdel-hamid in the second largest city. let's start with you, john greece divided by this referendum. tell us what is at stake here. >> well hello. greece is poised on a precipe because upon the outcome of this referendum we are led to understand that the health of banking system whether it will be funded by the european central bang or whether it dips into it in order to save itself, the health of the greek public sector whether it defaults or whether it continues to be in an financial assistance package, and the health of the greek private sector which labelled for so long. under high taxes and high unemployment. and with little help from the banking system. there's almost no financing for greeks any more. ev

return to europe, because we want europe to return to the conditions of values, which were put aside for so long to implement programs of austerity and to compel nationso the choices beyond their will. greek people, on sunday, we give altogether, we send a message of dignity to europe and the whole world. we send again a message of hope to the peoples because on sunday, we don't decide just to stay in europe. we decide to live with dignity in europe, and to progress and prosper to the fairly in europe. believe me, nobody has a right to threaten that they will cut greece from its physiological geographical area, because no one has to right to threaten without dividing europe, greece, our motherland, east, west and will be the cradle of the political, the european civilization. from this place mythology arose from this place the technocrats of austerity we say no to them on sunday, those technocrats of europe. we won't allow those to take it -- we don't want to take europe democratic values democracy from solidarity mutual respect. men, women of all generations who today, we are flooded the square of constitution. you have flooded inundated the roads, i

the president and the next administration are going to have to rely on other nations and europe, perhaps russia and china, to deal with that verification to get the authorization to have that verification. can we trust iran to honor their commitments and can we trust the other nations who are part of the oversight part of this to help us keep their feet to the fire? >> yeah. this is a huge question toure. let me start by saying that you know, this is a big document. it's 159 pages. i have read through it. i have to be honest with you. there's passages i want to go back to the white house, to other folks, get a little bit of clarification. that said as best i can tell it does look like the white house got some very important concessions from the iranians on the issue you're talking about. on sanctions, it does look like the agreement says at the end of the day, if the u.s. just isn't happy with what the iranians say they're doing and looks like they're cheating we will have the ability to snap back the u.n. sanctions and also looks like the inspectors at end of the day if they can't work

ian bremmer is saying that democracy in europe is turning into every nation for itself.saying there will be a de -- there won't be a deal that solves anything. we will continue monitoring it all morning. in the next hour, find out what the smart money says about greece's future and why one of the world biggest banks says it is certain. ♪ of july,its the sixth i'm rishaad salamat, and this is "trending business." we will be live in athens in singapore -- this is a look at what we are watching. alexis tsipras 160% of the vote to reject an austerity measure. the prime minister says he will return to talks with the mandate to strike a deal. happens is denying that the referendum was a verdict on the euro. yanis varoufakis says they will not have parallel currencies. shanghai is heading for its biggest rally in seven years after china act simply restores -- let us know you think about our top stories. follow me on twitter. hows get straight to markets are behaving and how the grease result is playing out. here is david. david: two things -- china is doing its own thing. i wil

europe of democracy and solidarity. is. >> reporter: the left wing prime minister believes the no vote will strengthen negotiations a national mandate to demand more for less. a demand for him and his party. >> actually many voting yes are voting against current government. >> continuing with the membership of europe. >> what strikes me about these two sides the yes and no camps is not only the strength which which they illustrate a real division in greek soat. society, between the largely middle class voters of the yes camp, willing to sign this country up to more austerity measures to defend what they've got and many of these here, workers with no jobs, with little or nothing left to lose. >> a no vote for the workers and for young people in grease says we have to stop all the negotiations with the european union, we have to take our lives back and fight for our money our jobs our democracy. >> as greece plunges deeper into financial crisis. >> greece's choice, a bad deal... and no deal. >> world markets react. >> it's a grim picture. >> the consequences could be catastrophic. >> for continuing global coverage, stay with a