florence: the greek press is all over the greek debt crisis. a centrist paper h talks aboutour -- talks about hour zero. on the front page is a photo of one of the many massive demonstrations taking place in athens. ahead of the referendum scheduled for sunday, divisions are strong between the yes and on the terms of the bailout. a central left paper focuses on the latest polls that suggest the is in the lead, so on the front page it says "no but" because things could change pretty quickly. another paper, actually quite close to the tsipras government, says that "no has been a catalyst for a new deal," because the prime minister is seeking an extraordinary bailout from the eu. the independent talks about tsipras' last roll of the dice as he seeks this new extraordinary bailout deal. german papers are all over the story, keeping a close eye on what is happening in greece. one focuses on the historical moment of the bailout expiring at midnight. greece became the first developed country to default on the imf, joining a list of countries like soma

what has been leaked in the greece greek press here while the cabinet was meeting several hours this is the new proposals under consideration involve a good deal more austerity than, in fact, had been on the table a week agree a half ago when prime minister turned his back on the negotiations and called that yes, no referendum last sunday. they are talking about 12 billion euros of cuts over two years as opposed to 8 billion euros of cuts then, enticement for the lenders to give them a third bailout loan and save greece from catastrophe and crashing out of the euro and why? the economy is on its needs and banks have been shut and looking more bleak than any time in the five-year crisis and quite simply the fact of saving greece has gone up and the price greece will have to pay to be saved has gone up as well. >> he may have won the referendum but could prime minister have a bit of a battle on his hands if we are looking at tough mixture of tax hikes and spending cuts and could rehave problems with his political partners at home? >> on the face of it you would think so yes, but you kn

just how far apart the greeks and the creditors may be is indicated by two front pages in today's greek press austerity friendly newspaper showing party leaders meeting yesterday to hammer out a position, the title is this is a summit that may decide this and that is how grave things look to the campaign that voted yes to austerity measures last sunday this is the official mouthpiece of the left wing party and says the ball is now in the creditor's court considering greece has nothing more to say than the big no to further austerity and very far from the truth and they need to sit down and talk about things that will be painful and i think most people are aware of that kamal and most people said to me we have difficulties ahead whichever way we vote. >> thank you, john, for the update on the greek situation from athens. taking you back to the top story and exclusive report from rebel-held territory in south sudan four years after the country was formed and still in the grips of a civil war and we are joined now by benjamin he is the foreign minister of south sudan live from duba and thank you

let's take a look at how greek press has reacted to the no vote.ion is in danger. the second newspaper, saying leaders seek a deal in 48 hours. we'll see what will actually happen. grease's democratic paper has gone with the line europe are you listening? but the front page features the president, and that really needs no headline. >> let's just expand on this a little bit more. i think that usual headline in that a deal that should be sought in 48 hours. i think a little bit of a mix, we got it wrong. he's got an extraordinary resounding support from his people. not just because with the election, he's got 60% of the vote, mr. tsipras. but i wonder again it's based on false promises. he said he could get a deal if he got a no vote, which he got, in 48 hours. >> i don't know it's going to happen. actually for the deal to be signed off, the german parliament would have to come back and approve, the german finance minister going back into negotiations. that won't happen in 48 hours. >> i mean it's a huge disaster. 7. and marketing reacting and paring

expertise and they will be scapegoated when they implement things to review will see this in the greek popular press blame the imf whereas the imf has made the most moderate assessment of greece recently. it shows how they are being politically used by the europeans. pimm: thank you for spending time for us. is president of the peterson institute. much appreciated. still ahead -- we will introduce you to the netflix of private aviation, looking to get you flying through the northeast with unlimited access for $2000 a month. we will bring you the details. ♪ pimm: all right. welcome back to the bloomberg market day. in pimm fox. at least 64 people are dead bomberspair of suicide in nigeria. it is one of the deadliest attacks yet by the islamic militant group called boko haram. the family that controls samsung -- shareholders narrowly approved a merger of two samsung affiliates. this gives more power to the family. elliott associates could challenge the merger in court. and hacking pays, if you are on the right side. two hackers who hunt for security flaws in the united airline system are each getting

we are hearing from a greek press aide that the summit has reached an accord on greece.nd futures are falling. the opposite of the risk aversion that we saw at the start of the trading day. it seems there is more appetite for risk now. the euro, 1.1166 on euro-dollar. a great deal of movement around this story. it does seem we are getting closer to a deal. euro stoxx 50 index futures rising as i speak. they suggest we are going to be higher at the start of trade perhaps by 45 points or so. futures all turning positive. another comment coming through, we are close to an agreement this from somebody on the ground in brussels. a lot to digest. the news is coming just before the start of the european trading session. ryan chilcote is on the ground in athens with a guest. ryan: let's talk more about the market. i'm joined by antonio, a director at dexia voted the best investment bank by euromoney, the best in greece. thank you very much for joining me. all kinds of positivity from a few different sources now. what should we expect from the open? i know you think there's been

the head of the independent greeks gave a press conference yesterday. he is also this countries the defense mister. have a listen. >> we will remain together to fight but we will not accept participating in the so-called unity government with partners that are giving away everything. ryan: there are the keywords. we will remain together to fight. the defense minister, despite voicing his opposition to this deal, has not resigned. it is not clear that the prime minister would fire him or any of the other dissenters. there are suggestions that the prime minister could go for a minority government style approach where he could solicit the approach -- the support of other parties which would easily give him the majority that he needs. he may not even need to reshuffle the government as we have been discussing because at the end of the day, this measure is the one where he would run into the most trouble. >> ryan, let me pick up and give you a headline that is coming out. i want to get your reaction to it. tsipras weighing resigning after wednesday's parliam

greek central bank made a request for a raise of 1.5 billion euros. but they recommended was to keep it in place for now. we bring you that pressonference here at 1:30 london time. ♪ >> the ecb is likely to keep the greek banks on hold. mario draghi's press conference is in athens. reiterating the u.s. central bank will hike its main interest rates this year the first in almost a decade. international margarets song netflix sore in its subscriber base. a very good morning to our viewers in europe, good evening to those in asia, good morning to those in the united states. i am manus cranny, live from our london headquarters. the focus is on greece. in the last hour we have learned that the ecb will favor keeping the cap on the greek banking on hold. the bailout passed to the greek parliament with a majority of those, a world away from the syriza party. hans nichols is in berlin. let's go straight to you paul in frankfurt. the ecb has left the liquidity on hold for now? paul: the decision isn't over but it looks as if the liquidity eight for greek banks will be rising. the executive board of the ecb left the rate unchanged and we

greek leaders are pressing new terms for a possible third bailout. today euro zone finance ministers will hold a conference call on that new proposal. last night thousands rallied in athens against greece leaving the euro zone. >>> and the public will get a chance to weigh in on proposed changes for a troubled liquor agency. it's been the focus of a news 4 i-team investigation. right now montgomery county department of liquor control handles the sale and distribution of alcohol in the county. yesterday, though county council member hans introduced a resolution pushing for a change to state law that would allow stores and restaurants to order specialty craft beers and fine wines from private wholesale distributors. >> i believe that our doc can figure out how to distribute the roughly 5,000 products that they keep on stock at their warehouse. i do not believe any single distributor can manage an inventory of 30,000 products. >>> a public hearing is scheduled for july 21st. the news 4 i team has been investigating problems inside dl. to watch the beer

greek leaders are pressing new terms for a possible third bailout. today euro zone will hold a call on that new proposal. last night thousands rallied in athens as you can see here against greece leaving the euro zone. >>> looks like big changes are coming to the maximum security prison. two men escaped in new york. 12 employees including the superintendent are on leave now. one of the escapees david sweat is now apparently revealing everything about how he and richard matt escaped. he told investigators he and matt actually practiced getting out of the prison the night before they broke free. >> if they were able to pop open a manhole cover the night before, why not escape that night? >> i guess they felt they had a plan to have joyce mitchell pick them up in a car and drive away. >> sweat said shehe was the mastermind of that plan. the prison is conducting a thorough investigation into the escape. >>> a deal is possible. that's the latest word from negotiators in discussions over iran's nuclear program. they blew past yesterday's deadline for a dea

the most pressing problem for the greek prime minister is that for the first time in five years he haso access to international funding of the eu or ims. the old bailout deal expired yesterday, there is no sight of a new one and the people say they are being pushed to the edge. the greeks are divided on what to do. this taxi driver disagrees with her prime minister. she will vote yes to the demands of the creditors with a referendum. >> the minute that i will vote yes, i will be crying. i know that my children will starve. we are not strong to say no. so -- >> the referendum could be a turning point for greece. it will be keenly watched across europe. bbc news, athens. laura: for more i spoke with the chief economic commentator for the wall street journal. >> greece seems to be simultaneously trying to negotiate a new vote while the prime minister's campaigning for no vote. >> syriza did not like the last deal from the creditors. he said that hopefully the people will vote no and we will get a better deal. the polls suggest that people are going to vote yet, because a lot of people wor

greek bailouts. alexander: creditors expect to press for more reforms in exchange for the 86 billion euro bailout. officials from creditors have arrived in athens to begin technical discussions about what athens needs to do in exchange for those reforms and also how much money they need. reporter: 86 billion euro is what is at stake as grace resumes talks with its creditors this week. mid-level officials from the european commission and the european central bank are heading to athens to hammer out the terms for third greek bailout package. the two sides are hoping for an agreement by august 11 as debt repayment deadlines loom for cash-strapped athens. greece owes the ecb 3.2 billion euros by august 20 and the international monetary fund 1.5 billion euros in september. failure to repay the ecb would likely mean greek banks would stop receiving emergency liquidity assistance, which could lead to their collapse. talks are expected to be difficult as grace is to carry out further reforms before it can receive any more money. the country's parliament has already approved two rounds of tough economic me

greeks tend to be pretty misinstructionful of their press, but these days the headlines are more united in reflecting the gravity of the moment. talking about cypress taking the people's no, and the yes to brussells. time is running out for a solution, before catastrophe. and with a more gloomy take on greece's prospects anne angel merkel sitting atop the summit, this way she says pointing off the edge of the cliff. >> jona hill in athens. a huge crowd brave win and rain to hear pope francis save mass today. more than 1 million of the faithful were expected to turn out this and this afternoon he will address leaders of the university of ecuador before talking to civil society groups. uhm next on al jazeera america. >> using sports to bridge the gap between police and their community in chicago. >> an undocumented ply fact is set to be arraigned today he is charged with murder. in a jailhouse interview with a local news station what-year-old francisco sanchez admitted to shooting kathryn on a san francisco pier last week. >> did you smooth kate, the lady down on pier 14. >> yes. >> kate

. >> woodruff: the leaders of germany and france pressed the greek government today to offer up seriouscial aid proposals in an effort to jumpstart a new round of talks. that comes a day after more than 61% of greek voters rejected the terms of an international bailout deal. meanwhile, the european central bank moved to raise the amount of collateral greek banks must pay for emergency loans. we'll take a closer look at the impact of the landslide vote, and talk to greece's ambassador to the u.s., right after this news summary. >> ifill: greece's economic uncertainty pushed stocks lower on wall street today. the dow jones industrial average lost 46 points to close at 17,683, the nasdaq fell 17 points, and the s&p 500 slipped eight. >> woodruff: twin bombings rocked central nigeria overnight, killing 44 people. the blasts targeted a muslim restaurant and a mosque in jos about 150 miles northeast of the capital, abuja. nearly 70 people were wounded, including many who were rushed to the hospital last night for treatment. the attacks were believed to be the work of islamic state affiliate,

prime minister alexis tsipras addressed the greek people vowing to press forward with sunday's referendumaying the result of that national vote will have no impact on whether greece remains in the european union. significant news breaking over the course of this morning. nbc's keir simmons on the phone for us in athens. the greeks have already missed a nearly $2 billion payment to creditors. wh's the prime minister's next move? what does he do now? >> reporter: that's right, peter. it is a roller coaster ride because we've seen stocks go up shares go up this morning on the expectation that the prime minister was finally prepared so he says wafs on the table from other european partners but with some conditions. and then he came on greek television and made a speech in which he was defiant, in which he said that a vote on sunday whether or not to accept that deal from europe would still go ahead, in which he said that it would be a good idea for the greeks to vote no in order to continue the pressure on europe and at the same time reassuring greek public that their pensions and salaries wo

greek accident crisis. eurozone ministers are pressing greece to make hard choices going under new austerity and accepting billions of dollars of capital. deal or no deal it is becoming clear that tough times lies ahead for the country. in athens they are lining up to get their money out of the banks and the banks are out of money and so is the government. something has to give. neeiveneave barker has the latest from brussels. >> eurozone finance ministers who carried on talks until sunl afternoon,sunday afternoon. austerity recommendations that greece would need to don't if it has any hope of attaining a $59 billion bailout to keep the currentthe 61from sliding into bankruptcy. among the plans put forward greece is requested to streamline vat to streamline labor markets and energy grid as well. greece has some demands of their own. they want the european central bank to keep propping up the banks, they want a debt structure be part of the disagreement to better handle its 356 billion debt. off the table a plan that would see greece handing over control of $55 billion worth of state assets talking about the port o

greek banks. the bank's president explained the decision at a press conference. >> things have changed now. we had a series of news with the approval of the bridge financing package with the votes the various votes in various parliaments to begin with in the greek parliament, which have now restored the conditions for a raise in e.l.a. >> we've got reporters in greece and germany. john is in athens. first to dominic in berlin. that press conference is still going on in frankfort and some positive words coming out of europe for a change. >> that's right. in fact, the e.l.a., the tap is being switched back on, 900 million euros over the course of the next seven days. not a particularly great sum of money, giving the hundreds of billions that the greek debt is, but certainly some money for those hard pushed lenders for greek banks that had limits on daily withdrawals from a.f.m.'s of 60 you're rose. the bridging loans that the euro zone finance ministers have agreed, which i saw will take affect tomorrow for technical reasons is necessary because as we recall, the latest payment repayment, rath

. >> reporter: greeks tend to be pretty mistrustful of their particularly partisan press, but these days are more united in reflecting the gravity of the moment talking about takes the no and united yes to brussels. and time is running out for a solution for catastrophe, and angela merkel and francois hollande sitting a top of the summit, this way, pointing off of the edge of the cliff. >>> it was almost four years since south sudan was created, and they remain in the grip of civil war. al jazeera has been inside rebel-held territories. before we show you that exclusive report from catherine soi, let's look at how we got to where we are now. south sudan gained independence from sudan in july 2011 following a peace deal. but a new war broke out pretty quickly. in 2013 after a power struggle between the president and his deputy. since then 10,000 people have been killed and more than 1.6 million people have been forced out of their homes. last month, while peace talks were underway rebels captured the capitol of a state, and it's an important oil center. the town has now been retaken by th

and will press on as the greek prime minister as tsipras said today on television with the referendumment has called to allow the greek people to decide whether to accept or not those conditions that the government has already said are humiliating and unacceptable. well the government thinks that by campaigning for the no vote. and let me tell you that in the polls the no vet is way ahead of the yes vote the government thinks that come monday they will have a better hand on the negotiating table with the european creditors. but will it? because the european finance ministers and creditors said look this is pretty much the deal. take it or leave it. so if it doesn't, if the government doesn't and the european creditors drop greece greece will find itself with a very uncertain future economically speaking because it will not get the bail out from europe it badly needs. think last week when it said no to the conditions the tap ran dry and the banks closed and the greeks can only take $66 a day. today the banks had to open to hand a fraction to pensioners. so imagine this is a game -- the

press review. we are taking a look at what weekly magazines have been saying. greek is getting a lot of focus. >> a german magazine has a controversial front page. our greeks approaching a strange people? they are dancing with a stereo typical looking german, the socks and sandals is a dead giveaway. you can see the greek man holding onto his wallet for dear life. in the introduction, the case of greece has brought the romantic ideal of europe to an end. germans were wrong about the image we have about greece. essentially, we try to turn this image of greece into something more beautiful than it is and how high did we fall. and drew a lot of criticism and outrage. the satirical french magazine has been very critical of germany and the way it has dealt with the greek crisis. you can see greece is doing better. essentially, greece has sent itself into the dump by itself. >> it is focusing on a migrant crisis. >> it is very much ongoing. they are fleeing war poverty. should we change the rules change our migration policies? it takes a look at the debate. it is time to o

in the online press conference she made another call for greek debt or -- for greece to reduce its debtde: restructuring should take place. alix: she said that they need to and neck reforms to make reforms more efficient and she expressed confidence that they could work with the left-wing government of alexis tsipras. of job cuts could hit the big producers, chevron illuminating 1500 jobs, 2% of its workforce. so far oil producers have accounted for 10% of the 150,000 industry job cuts since prices started plunging last year. surface from a -- service providers and drillers have been hit the hardest. amazon is providing rules of the road for the air. they want a drone zone so that they can go ahead with a airborne package deliveries. and amazon official floated the idea at a conference sponsored by nasa. they want the faa to loosen drone flight rules. link and is cutting back on e-mails. instead of getting an e-mail for every invitation to connect, e-mails over -- users overwhelmed with invitations will receive only one digest. users who belong to professional networks will get digest o

press review. we take a look at the weekly magazines. lots of focus on the greekebt crisis. >> one of the major stories in most of the magazines. let us start with the french magazine. never without greece. you see a photo of a greek statue turning its back on the readers. seven years after the fall of lehman brothers, it is still stuck in a crisis. how did we get here? this takes a closer look at this trap as it calls it, a tragedy in five acts.it looks at what european countries can do to react to the. in the meantime, another magazine looks at how can we save europe as a whole. after the greek no last week, lots of papers think there could be a contagion of eurosceptic parties that euro --euro skeptic groups. the charlatans against europe -- whether they are from the left wing or right wing, it points out it has been a historic fight between these anti-european parties and people who wanted to build europe ever since the creation of your. -- of europe. it seems like the skeptic parties are gaining ground. could there be an anti-european epidemic? that is what t

greek banks. first of all, the ecb put out a press release. they've been having meetings to discuss the greek banks. we had don't word when they were happening and what the outcome was. they wanted to tell the world what they were going to do. they said they would not increase the liquidity to greece. that means there will not be more cash shipped into the country or printed on the press that is here to get more cash into the atms here in greece. that means the lines will continue. it could also mean actually they run out of physical cash notes within the next couple of days. there will be no more money to get. the other thing european central bank said was they had adjusted the haircut. this is a central banking term. what this means is greek banks when they bring collateral like mortgages or any assets they have to the european central bank for cash in the old days they would have gotten more cash than now. they will now get less cash to fund themselves. it makes more difficult to run. we presume the level that was changed was not so debilita

press conference and appealed a yes vote. people with the no camp also staged rallies. greek prime minister alexis tsipras said he looks to ensure the people's dignity until the end. the two sides are planning large rallies on friday amid ramifications of the deadline. it includes a cap on the amount of money people can withdraw from banks. >>> a senior member of the islamic state militant group has been killed in an air strike in syria. he reportedly helped recruit fighters. the official says tariq bin al tahar was killed on june 16th. washington had a $3 million bounty on his head. american officials say he helped smuggle weapons into syria. he also helped coordinate suicide bombings in iraq. al harsi's younger brother was killed in a u.s.-led air strike st month. the brother was suspected of involvements on the u.s. benghazi consulate in 2012. his death will have an impact on the ability to recruit foreigners. the u.n. says the number of foreigners joining the militants between 2014 and march of this year increased by 70%. >>> u.s. diplomats have again urged china to halt

. >> you pressed him there jennifer, and thank you. >>> the greek government with another set of reforms today. creditors said that those must be in place before talks on a new bailout can begin. the banking systems shortly before they were announced, the top think tank said that they could slip back into a recession. capital rules imposed could take a toll on the economy. >>> talks between ford and the auto workers are getting underway. ford 'talks expire september 15 and they want to cut labor costs to more than 15,000 hourly employees but the uaw wants to close a pay gap between veteran workers and new hires. >> reporter: in 2007, the u.s. auto industry was flailing. sales for ford, general motors and chrysler were plunging, and competition among foreign rivals was high. plants were shut down, and thousands of jobs were lost, forcing the united auto worker's union to make unprecedented concessions. >> do you think that they should have more. >> absolutely, there should never be a divide. >> doris rodriguez is a second generation auto worker. her father helped her land an entry level j

greek referendum. this is the home of democracy. [ applause ] >> translator: quick fire interviews to the press are noe for debate in the european parliament. either you respect the european parliament or you don't and i do because i am accountable before the european parliament and hence this is where i come to speak. and i'd like to say the following. i don't want to start with this but i'm going to anyway. the european commission has been criticized in certain member states over greece especially in countries where they speak the language i'm speaking now. the fact is the european commission needs to be able to speak its mind or does the european parliament want the commission to be an institution of technocrats? i am not a technocrat. i show the political responsibility. [ applause ] >> translator: and it is quite extraordinary that the president of the european commission should be the only person not entitled to talk about greece or the future of the euro. i find that unacceptable. and the same goes for the european parliament and its president, the president of the european parliament regularly

this person says loving how the greek finance minister goes into the most important meeting with notes scribbled on a back of a hotel notepad. thethanks by the way for pressps, that makes life easier for all of us to know where he is staying. person says, the business pages of the standard yesterday note that the new greek finance minister was at oxford, so he could hopefully argue like a grown-up. interesting what people are saying here. yvonne: it's just his first day. not too much time left before the deal deadline. a lot of pressure. not to me whether, after the fight of the century he won 200 million dollars. but apparently he is getting stripped of his title, because he missed a deadline to pay the $200,000.g fee, from the fight and to vacate the junior middleweight title he also held. he holds like three of the scorecards. according to the rules, you are supposed to show which when you want to stay in. zeb: that is helping the association make money. yvonne: some people say it doesn't even matter to him. not like he deserved in the first race according -- first place, according to some people. one more last week, some people say it doesn't really m

european central bank will hold a meeting in frankfurt where greek bank liquidity will likely take the stage. the central bank will deliver a pressonference given by the manner the top. federal reserve chair janet yellen present an upbeat view on the u.s. economy before lawmakers yesterday. she reiterated her want of a rate hike. janet yellen: the conditions likely would make it appropriate at some point this year to raise the federal funds rate target. the importance of the initial raising should not be over emphasized. what matters for financial conditions in the broader economy is the entire expected path. we have no judgment at this point about the appropriate point to raise. the advantage to begin earlier is that we might have a more gradual path of rate increases. we are not going to raise rates if we think it will put the economy into a recession. when they finally begin in a deliberate way looking at what the impact of those decisions are on the economy strikes me as a prudent approach. jonathan: i'm sure it is much more exciting than that. it lasted just over two hours. just to start with you, this is the loosest tighten

greeks. you can watch that here followed by the press conference. 1:30 u.k. time.e will bring you that lives and in full here on bloomberg. guy: i'm actually looking forward to the press conference in a weird way. right, coming up on countdown, our exclusive interview with hugh henry. he will talk about china and the feds. he will talk about china in greece as well. hugh: greece is tragic. but the thing i just told you my triumphant language about the triumphant society, greece has a blown up political society. it has to be imported. some of the polls i see, the greek people one of the things they like the most the normal political economy that needs to come to be accepted. it is normal. anna: and janet yellen says she is on track for a rate increase. janet yellen: if the economy evolves as we expect economic conditions would make it appropriate at some point this year to raise of the federal funds rate target, thereby getting to know normalize. ♪ guy: it is 6:15 in london. here are the stories you need to know this morning. anna: both inside and outside the parlia

greek people. and in washington d.c., president obama had a real tense press conference to hitch his support for iranian nuclear deal. i can tell you right now. it's going to be a real tough sell. and the early stock market rally, well, it failed, it filled our television screens. we don't like when people throw molotov cocktails, and the house of representatives the world is on fire. let's go out to fox news' amy kellogg she's out in athens. >> hey, charles. well, this vote in the parliament here in athens is supposed to have happened by 10:00 midnight. ideay it's now 1:00 a.m. and prime minister is just addressing his mps one more time. we presume it will begin once he stops speaking, but there is a lot of arguing going on in the past few years. of course in the evening there were those violent themes when anarchists join the protests. they through molotov cocktails and rocks at the police. that's all calmed down. i think there are several questions that we do believe, of course nothing is for certain that the measure will pass in the parliament. but we don't know what the political future looks like

europe will keep greek banks afloat till sunday, but only beyond that if serious talks have begun. at a midnight pressrence a weary german chancellor appeared to rule out any more debt cancellation. extending debt repayments perhaps germany's only acceptable definition of compromise. >> woodruff: greek business leaders warn that if there's no deal, the country will see an "explosion of unemployment" and virtual economic collapse. >> ifill: the exiled government of yemen announced today it will accept a truce with shi-ite houthi rebels, who control much of the country. as part of the deal, president abd-rabbu mansour hadi called for a rebel pullout from southern and eastern provinces. the houthis had no immediate response. >> woodruff: and in iraq, a baghdad court sentenced 24 islamic state militants to death for the massacre of 1,700 iraqi soldiers. the troops were killed last year near tikrit when isis overran the city. government troops have since retaken tikrit. another 600 militants accused in the massacre are still at large. >> ifill: back in this country, the mayor of baltimore fired the police

greek lenders. the north korean envoy to the united nations has given a rare press briefing rejecting the iran deal.said his country has no interest in such an accord as it is already a nuclear state. he said the weapons are needed to protect north korea from what he called hostile u.s. policy. international talks on the nuclear programs have installed since 2009. the investigation into last year's crash of the virgin galactic spacecraft said the designers failed to anticipate human error. triggered thet brakes to early causing it to this in a great. reports makes clear that virgin's partner sales composite should have had that in the design. the copilot died in the crash. u.s. stocks snap their longest losing streak since january. ups shares jumped the most since 2010. their stock estimates helped by a new pricing system. shares up 5%. ford gaining after seeing a 44% surge in second-quarter profit. the automaker posted north american income. crude oil reentered a bear market last week as the continuing glut. after five straight days of losses, the s&p 500 back in black. the index closed at 1.2% up.

press conference with chancellor merkel. referendum iseek a mistake. he will respect the greek people's will. on think all that italy and other governments will fund greek pensions without reform. that italy and other governments will fund greek pensions without reform. i want to get back to you on the banking situation. i've been try to figure out how the ecb will respond to all of this. whether or not they're going to how far away do you think we are from seeing a big greek bank run? it's impossible for a bank run to happen because the banks are closed and people are limited to 60 euros a day. the pensioners are limited to 120 euros a week. steps tos taken forestall a bank run. it's more a matter of whether these banks are ever going to be able to open again. lastse the bailout ended night and because greece missed its payment to the imf, these banks are effectively insolvent already. that will make it awfully difficult for them to reopen if -- as thement government has promised on monday. there is speculation going around athens right now that it will be weeks before the banks reopen. it's

greek 100. there are hundreds of reasons to snack on it. "meet the press the fbi reviewing a text message the chattanooga gunman sent to him just before the attack. >>> the iran nuclear deal. >> i believe it poses a great deal to america and the world. >> we have all sides of the debate covered with british prime minister david cameron, secretary of state john kerry and a key republican critic, arkansas senator tom cotton. >>> and the trump factor. republicans pile on after trump says this about john mccain. >> he's a war

press 1." plus, the acid is gonna perform from the greek theater l.a.ael caine, and mark strong. but the film's breakout performance belongs to a young actor out of whales, by the name of taron egerton. for more on taron, we can go to the famous now for tonight's "last call" spotlight. ♪ >> i know some actors don't like watching themselves, but i -- that's the reward for me. you spend all that time making something and then watching it is seeing it all come together. but the great thing about this part is he's kind of designed to be and to look as cool as he possible can. you know? so it is, it is a thrill watching that last portion of the film where, you know, i save the world. ♪

press review. we will take a look at what has been grabbing headlines around the world today. >> lots of focus on the greek debt crisis. papers are still reeling from sunday's referendum. let's start with a cartoon in the center-right paper where you can see very triumphant prime minister on top of the no vote . it looks like the whole thing could come crashing down. all eyes are on the meetings that will take place tonight. the future of greece will be determined tonight. that summit tonight will decide a grexit. other papers talking about how time has run out. the ball is actually in the creditors court today. >> the former greek finance minister, the very flamboyant man who resigned had very defined words -- defiant words for the creditors. >> exactly. a lot of papers are focusing on his five-month run as prime minister. they call him a provocateur who changed the economic orthodoxy in europe. other papers or less glowing, if we look at the independent paper they say he was definitely flamboyant and had a one-of-a-kind file that greece and europe are likely to see anytime soon. but fame went to his head

juncker, the head of the commission is also talking to the greek opposition party to try to ease the wheels on that process. local pressing that he's going to increase the amount of savings, the revenue gains in his package by an extra $2 billion euros, taking it to 12 billion. partly because the bank shutdown has reversed the economy. it would have been .5% gdp growth is now in recession. corporation tax, sales tax rises, if you're going on holiday in greece, they're doubling the hotel sales tax on this proposal. the greek islands controversial are going to keep their tax break. it isn't helpful if you're looking for a broad solution that in sarajevo bosnia, angela merkel was traveling and suggested that a classic haircut on the greek debt is out of the question. she said that was her position in the wake of the summit on tuesday and that is her position now. all you need if you're an investor is an okay for the talks to start on sunday and the money to flow to the geeks to pay off their loans, not least to the ecb. citi has now turned tail and said it believes the most likely outcome is that greece will exit the euro

greek banks. they said on wednesday they will take a for the decision on whether or not to to continue this. and in looking at the pressonference earlier from francois hollande and german are chance -- and chancellor merkel, it was brief and repetitive and with a similar message that we've been hearing for the past few months, which is the creditors and the eurozone finance ministers and heads of state are waiting for serious proposals from the greek government. angela merkel has said that the preconditions were certainly -- were currently not on the table. but of course, she's got the backing of some 650 mps. any decision taken has to get the backing of the parliament. they have to get that support from the government's to negotiate on their behalf. another voice coming from germany today was that of gunter , the former european commissioner. he told the germans to get their act together. he said the german government was currently acting as if they were in in emergency room taking a patient suffering from a heart attack mother telling it to do more sports before it would give them the medicine it deserves. cyril: the

press. it is not clear yet if we will have a yes or no vote. the understanding we came to a few hours ago was that the greek government has asked the imf to postpone the payments today. the answer came from the imf that if they demanded they could do it, maybe there is more time than we initially felt there was. sarah: thank you very much for your reporting from athens. investors held a brief teleconference to discuss the latest proposals from the greek government. the eurogroup president says they have detected very little new from athens. >> i think we are beyond that point of extension. it is always possible. it race is a member of the eurozone and it cannot for financial support. they will have to do a lot of work on that. they have deteriorated even more. sarah: max hoffman has been following this story. he told us more about the eurogroup's reaction to the latest request from athens. >> months of extending the bailout program have led to exactly my thing -- nothing. now they will receive 18 billion euros that are much needed to finance whatever needs the greek government has at the moment. and the country now truly enters uncharted waters fo

press review. thanks for joining us here on "france 24." florence villeminot is on the set. a lot of focus of course on the greek debt crisis. florence: europe is really holding its breath against -- ahead of sunday's reform deadline. it seems like papers are running out of creative ways to talk about the greek debt crisis. i did find an amusing article that likens european negotiations about the debt crisis to a big poker game. very creative, different way of looking at things. it calls the greek prime minister, alexis tsipras, the greek bluffer. cyril: i notice all the chips are in front of mario draghi. florence: exactly. he has a lot of power. alexis tsipras only has one ship left and is all out of trump cards. the german chancellor, they call her uncompromising. she has a good hand, but she has a lot to lose. i like the way they call the french president -- they say he is a pretty good bluffer. he is the challenger in all this and has managed to make everyone believe he is more open about everything, especially being more open toward the greeks. but that is not really true. cyril: calling francois hollande's bluff with

greek defaulted on its debt at 1:00 a.m. local time. this morning asian markets are anxiously trading up as developers eye development. pressing new terms for a possible third bailout. today euro zone finance ministers will hold a conference call on that new proposealproposal. last night thousands rallied in athens against greece leaving the euro zone. >>> 4:36 and today the arlington county school board will meet to consider adding gender identity to discrimination policy. that would impact teachers and other employees. it would prevent the school system from discriminating against transgender candidates in its hiring process. >>> also today the minimum wage is going up in parts of our region. in the district it will go up to $10.50 an hour. muriel bowser will talk about that today and in maryland the minimum wage will go up to $8.25. the first increase took effect in january. >>> the group dedicated to saving sweet briar college delivered money to the school. $5 million is twice what was called for in the plan and it was delivered two days early. former students have rallied since sweet briar leaders said since last may they

press x? >> one problem is it cuts across greek society.talking about rich versus poor or young versus old or educated versus not educated. it is about how they perceived the last five years and whether they decrease going. one problem is no greek party is giving a convincing -- of the future. largely promising things that it really cannot deliver in the current framework. on the other side, we have the lenders saying no, we have to stick with the policies we have had in the last five years which have rated dissatisfaction in the greek society. how you bring these groups together, i do not know. you need to stabilize the situation first. >> everyone will watch the meeting in brussels, but outside of that are you optimistic someone could present a new vision for the healing of this is tied it? >> i think one problem we have from the lenders side insisting without providing a more hopeful vision in the future means that you cannot take people with you. and there is not anyone in greece at the moment providing an alternative who is able to con

will the greek crisis affect global markets or has the fallout actually been contained? that is one of the pressinging tackled in the rocky mountains right now at this year's aspen ideas festival. here's what some of the biggest minds in attendance think. >> i'm worried for the economy. >> it is virgin territory that no one is ever left the eurozone before. there hasn't been as kind of a crisis. i think it is the element of uncertainty that has people worried. >> for become vista make the commitments to long-term capital, they don't like volatility. >> 25% of the gdp has been lost over the last two years. it is not as if greece -- ofgreece is just under 3% the gdp of the european union, so it is a very small part. there's a small possibility this could be disruptive globally. >> greece or russia or middle , add to volatility and caused to make ceos reluctant to commit. olivia: those are all excerpts from conversations from our very own betty liu. we will get back to betty liu live at the festival that are on and the bloomberg markets. -- joins me. even in the rocky mountains, you cannot get away fr

he considered negotiations with the greeks to be barely conceivable, barely imaginable. we've also heard from the presspokesman of angela merkel today that although there is the possibility still of negotiations between the two sides, they believe that there is no base for negotiations. >> dominic cain from frankfurt thank you. >> greece's former finance minister was in office when the debt crisis erupted and was the principle architect of the first bailout. he joins us from athens this morning. thank you for being with us. i assume you being on the other side of the political spectrum from the current government, that you voled yes in the referendum? >> >> yes this is a correct assumption. this was not an easy vote. the yes was not an easy one but the question is does one wanting to into approach with the rest of europe. even though people who voted yes, a lot of them thought they were voting to give more negotiating power to the prime minister. in fact, sorry no, even though a lot of the people who voted no thought they were giving more negotiating power to the prime minister, they were playing into

press. members of his party thou to vote against the bailout. they can only make real progress when the laws get the green light. athens had its back to the wall. >> the greek exit would not be painless. it would be detrimental to the poor and weak because the unemployed have a greater need than others. unemployed young people. >> society will be able to cope. they impose their will and are using blackmail i putting a greek exit on the table. >> opposition parties have provided crucial backing for the unpopular legislation that often guarantees its adoption. >> they support the country's european path and will continue to do so. expecting nothing in return. it hopes the government will realize the magnitude of its responsibilities. >> thousands of greeks turned out for the civil union and the communist party. some greeks see things differently. >> the only choices to vote for these bills. let the three years pass and we will find our way back to the markets. and then we can try to change europe. >> a vote on reforms is expected late wednesday evening. brent: strange bedfellows in athens, we want our correspondent right now who is on the story for us, who is

press. members of his party thou to vote against the bailout. they can only make real progress when the laws get the green light. athens had its back to the wall. >> the greek exit would not be painless. it would be detrimental to the poor and weak because the unemployed have a greater need than others. unemployed young people. >> society will be able to cope. they impose their will and are using blackmail i putting a greek exit on the table. >> opposition parties have provided crucial backing for the unpopular legislation that often guarantees its adoption. >> they support the country's european path and will continue to do so. expecting nothing in return. it hopes the government will realize the magnitude of its responsibilities. >> thousands of greeks turned out for the civil union and the communist party. some greeks see things differently. >> the only choices to vote for these bills. let the three years pass and we will find our way back to the markets. and then we can try to change europe. >> a vote on reforms is expected late wednesday evening. brent: strange bedfellows in athens, we want our correspondent right now who is on the story for us, who is