alix: that is george magnus. will be right back. ♪ alix: i am alix steel. .oe: and i am joe weisenthal "what'd you miss?? " alix: coco philip to boost its dividends, that's what you missed. joe: another thing you don't want to miss, germany will vote on that greek bow out -- greek bailout. alix: they are going to revolt. joe: that is "what'd you miss?" alix: ♪ from our studios in new york city, this is "charlie rose." charlie: six world powers reached a deal he yesterday -- deal yesterday with iran to power sections. congress plans to unravel the deal. this has attracted opposition from america's middle east allies. they worry that item

joe: we had former ubs economist george magnus on.'s take a listen. >> we are going back to where we came from. the shanghai composite is going down to 2500-2800, but i don't really have a strong sense as to whether that will happen next week, next month, or the next half year or so. joe: how does that matchup with where you see the market? >> the government fostered this bubble. they pushed the chinese to get into the equity market. they need to save face. if the chinese prop up the market while accelerating this liberalization of financial and economic reform, then they could be ok. we have seen a clear floor, and my contention is that the policy initiative is correct in the sense that it is moving away from capital spending and infrastructure spending towards harnessing the powerful dynamic in china, which is consumption and the migration of people to the cities, who are investing, consuming, spending. joe: we have this story on bloomberg today that blew my mind about online peer-to-peer lenders. they offer people the chance to loa

alex: that was george magnus. joe: we'll be right back. ♪ ♪ alex: i'm alex steel. joe: i'm joe. miss?." alex: what you missed is conoco phillips raising its dividend to 74 cents a share. joe, this really caught my attention because big oil has been struggling to turn a net profit, struggling to see its share price grow, yet they continue to pump money into its dividend. conoco's free cash flow is currently a negative 4.2 million. joe: another thing, german parliamentary vote on that greek bailout pretty much expected to pass. you still got to watch these things. alex: revolt. joe: that's all for "what'd you miss?." thanks for watching. alex: see you back here tomorrow, guys, have a great afternoon. emily: google shares are rising in after-hours trading. concernednvestors are that they won't be able to keep themselves in check. ♪ i'm emily chang and this is "bloomberg west." coming up, highlights from my studio 1.0 interview. new ceo is taking steps to define the site's policy. i willjo

that was one of the conversations that i had with george magnus this morning. minutes and it -- back in just a few minutes time with on the move. ♪ jonathan: good morning and welcome to "on the move." we are right here in london just moments away from the european stock market open. if you made it to work, you deserve a medal as well. china banks struggle, they ban major stockholders from selling shares. approaching the final deadline, alexis tsipras has until midnight to present measures and cut spending. contagion concerns, federal reserve minutes show optimism on the u.s. economy, undercut by caution on greece. the bank of england is expected to cut rates. that is what i will be watching for the next hour. dax futures up by 55 point. we snapped a four-day losing streak on a stock 600. we will be down 10% from those highs that we hit in march. caroline hyde has your market open. caroline: euro stoxx 50 rose, it looks as though 5100 is up. meanwhile, portugal is rising. weighing on investors minds is the resurgence in chinese stocks, only a 5%.