treasury sect jack lew issued a stern warning to et ridden countries and the creditors, debt a -- get a deal done as the group of seven conference wrapped up in dresden, germany. steve sedgewick has more. >>> here in dresden at the end of the g-7 finance ministers and central bankers conference it was the unofficial agenda making all of the headlines. i went to a press conference with jack lew where he talked officially of course about the agenda saying it was not important to rest on our laurel and we had low growth globally and important to get the growth up talking about the need for surplus countries such as germany to spend on investment and infrastructure. and the unofficial agenda forefront and i spoke to jack lew about the issues and asked him whether it was the creditors or gre itself that had to move. >> all to move. there needs to be flexibility on the part of the institutions needs to be some tough policy commitment implemented in greece. one won't happen without the other. they have to happen at the same time. it can only happen when you go from the high level of generali

jason: you mentioned jack lew before. in my view, no offense against jack lew but for most institutional investors, he has been in the witness protection program. there is no one -- there is too much emphasis on monetary policy. there is not enough focus on other parts of policy that can get growth going. there is too much pressure on central banks. that worries me because when things go wrong, the central banks will get blamed, and that will cause other problems. it will be less independent. brendan: but we have to say this two times a week on "surveillance." there is no fiscal policy. jason: there is no other policy i could not agree more. it is dangerous to be relying too much on that one wheel. tom: let's talk about reality. this is the atlanta fed. the atlanta fed, the smart guys down there say gdp is a little bit lower than what we are talking about here. tell me about the market and the fed right now. how far apart is your world from janet yellen's world? jason: i think janet yellen is probably where we are, somewh

eventually the storm is going to pull away from northern lew zon.ut we'll see some relief by late sunday and into the morning hours. we currently have the highest possible signal strength as far as storm warnings. and landslides and mudslides are a definite possibility. because this area is particularly mountainous. so the community is liviies at of mountains need tore concerned. >> we'll stay in touch be you. thank you so much. >>> raul castro is at the vatican today meeting privately with pope francis. new video shows castro arriving just about two hours ago. this comes four months before the pope's scheduled trip to the caribbean island. the pope has played a key role in helping to mend diplomatic relation tweens the united states and cuba. we bring in now our senior international correspondent ben wedeman. >> the meeting is over now. it lasted for 55 minutes. raul castro is now meeting with the italian prime minister. now this meeting 55 minutes is a pretty long meeting with pope francis who usually gets down to business quite quickly. they appa

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i think we should be being lewing at in this -- looking at this in the ways we're changing to getting on and getting off of the 280. is that something that's being proposed? >> when the circulation study was done, we assumed that the changes to the routing proposed by the tep was in place. the analysis done already included those. we will continue to include those and coordinate with mta on which elements are moving forward versus which have changed since the tep was written to ensure we're including the changes correctly in the traffic analysis. this would be more detailed and we will include those improvements to make sure it's holistically evaluated. >> great, i'm concerned that we're diverting more congestion into ocean avenue that will lead to huge impacts to the speed which we're trying to address with our changes to on ramp -- >> it's a valid concern. it's the first thing we will do to make sure these projects can continue to move >> great. thank you. >> colleagues any other questions? thank you for the presentation. this item is open for public comment. any member of the publi

secretary of treasury jack lew. some u.s. are saying lew may pressure his counterparts to act more swiftly. lew is concerned about the unpredictability of this. he said there might be consequences for the entire global economy. caroline, one final note on this -- just as if there couldn't be any more drama in this saga, you have jean-claude juncker talking about jan us varoufakis to he says "he is not helping the process. that is a quote. he did have kind words for alexis tsipras, but it seems mr. juncker and mr. varoufakis are not on the same page. caroline: the clock is ticking when it comes to physical cash for greece. how are they increasing the revenues? june 5 is when they've got to pay the imf that first installment. hans: one proposal that was floated -- we had two proposals floated yesterday out of the greek finance ministry -- one is the idea of a transaction tax on atms. they want to prevent people from paying cash to funnel people into the credit card system. after floating that, they drew that back. there is anot

jack lew would say to veto any trade bill that contained enforceable rules manipulation and pushed back against lawmakers intent on putting some rules in that legislation. >>> when it comes to starting a small business it takes a bright idea and a lot of hard work. and many small business owners face a number of big challenges before they find success. kate rogers has more from the iconic conference in chicago. >> one of the things that we've been working on is the relationship between research entrepreneurs, talent money and creating an environment in the city of chicago. >> from silicon valley to main street america, entrepreneur are feeling optimistic but launching a business comes with big challenges including funding, growth and acquiring talent. >> finding the right sales people because for sales that can be very very challenging. >> biggest challenge is the right partnership for the next step. >> at the first ever iconic conference from inc. and cnbc entrepreneurs gathered in chicago to hear from those who have taken the leap and made it big, even the most successful entrepreneur

before the g-7 meeting, aso spoke with jack lew. they reconfirmed agreements made at past g-7 meetings including refraining from targeting exchange rates for competitive purposes. they agreed that excessive and disorderly fluctuations in exchange rates can threaten financial stability. the currency moves have not yet come up at the g-7 discussions. the meeting ends friday. >>> foreign visitors to japan have often been frustrated by the lack of network connection services for mobile phones. but that is changing. more companies are starting to sell s.i.m. cards aimed at travellers. mobile phones need them to operate. nhk world's akiko okamoto takes a look at the growing market. >> reporter: a new telecom business has been launched in this tokyo area. i'm in a shopping mall that is popular with foreign tourists. this vending machine sells s.i.m. cards. >> credit cards can be used to buy s.i.m. cards for internet access. passports are used to verify user i.d.s. this machine reads personal information on a passport and activates the chip

secretary jack lew was there to explain there would be no sanctions relief until we confirmed that iran carried out its obligations under a nuclear deal. secondly, we gave them our best analyse of the enormous needs that iran has internally and the commitment that iran made to its people in terms of shoring up its economy and improving economic growth, and as i pointed out, most of the destabilizing activity is low tech low cast activity. and part of my emphasise to them was if we are focussing effectively on the things we need to do to shore up defenses improve intelligence and the capacity for maritime monitoring of what is taking place in the gulf if we are working in concert to address the terrorist activity and countering terrorist messages coming not just from state sponsors like iran, but broadly from organizations like i.s.i.l., then we'll fortify ourselves, and deal with many challenges and can do so from a position of strength and confidence. it's not to deny concerns there about what happens when sanctions are reduced. it was to emphasise that what matters more is the things

one of the people is elizabeth van lew. she was a union spy. she was very wealthy. but she wanted to help union soldiers. she was down at libby prison passing messages back and forth. after the war, she was appointed postmistress. after she passed away, her home was torn down by the people of richmond. they did not have the same opinion as president grant did. this is judah benjamin, the first jewish cabinet officer in the u.s. he served as secretary of war and secretary of state for the confederate states of america. another image is related to some of the people that live here in appomattox today. this is nancy martin. she was born a slave, about two or three years old when lee surrendered. she grew up to be a midwife. if you were expecting a child, you called nancy martin regardless of whether you were african-american or white. according to reverend jones, who gave us this image, his great great grandmother, netting martin had her own wall of faces. she had a portrait made with every child she brought into the world. we also have a death mask of robert e lee. af

riders left the egg harbor township police department this morning, and headed to lewes, delaware. indianapolis maryland. and finally on tuesday they will bike to washington, d.c. to participate in national police week events. >>> looking for something to do today with the kids? well you've got one more chance to check out the millville wings and wheels air show. the event features the united states air force thunderbirds. gates opened about 30 minutes ago at the millville airport and show begins around noon. >>> a little bit gray out there today, but, still get out there and do some fun stuff, especially for mother's day. >> especially for mother's day. it's mild. i feel like if it's mild anything goes. and we're not seeing any active rain, just that fog, the low clouds in place. so lots to do today, and not a bad day overall in terms of the weather. we'll be warm later on this afternoon. we are mild right now. that was a live look outside. 84 by this afternoon, temperatures already into the 70s at this point. we may see an isolated shower possibly a thunderstorm once that sun bre

yesterday i received a letter from from secretary secretary lew. at the end of the letter, secretary lew stated plainly that he would recommend that the president veto a t.p.a. bill that included this amendment. that's pretty clear mr. president. it doesn't leave much room for interpretation or speculation. no t.p.a. bill that contains the language of the portman-stabenow amendment stands a chance of becoming law. now, i want to be clear. i have great respect for the authors of this amendment. they are my friends and i believe that they are well-intentioned. they've spent a lot of time making their case on their amendment, and i respect their points of view. but at this point it is difficult, very difficult, in fact for anyone in this chamber to claim that they support t.p.a. and still vote in favor of the portman-stabenow amendment. the two as of yesterday have officially become mutually exclusive. for me, mr. president this issue is pretty cut-and-dry. however, i do recognize that perhaps not everyone will view these developments the same way i d

here he is rescuing a man from a fishing boat off lewes delaware in april.nd he's getting me ready to be rescued by their helicopter mh65 dolphin. the chopper has to get 30 to 40 feet above the water. a trail line goes down first and here comes my ride. a 4-foot long steal basket capacity one adult. before my trip i get a quick lesson in basket safety. don't hang on. cross your arms in front of you. this is much easier said than done once this happens. the trip up to the chopper takes about 45 seconds. the coast guard in atlantic city estimates it rescues people this way 20 times a year so practice is key. >> we do training missions like this all the time. so that the people from the boat crew know how to properly interact with the helicopter crew. so that if we need to hoist a survivor to get into the helicopter to get them to land as quickly as possible it's muscle memory reflect at that point. >>> finally the basket is brought into the chopper. inside is is a pilot co-pilot and aviation maintenance technician. after a few minutes, i'm heading back down. >

>> treasury secretary jack lew said something interesting. he said we want them to come to a deal before an accident occurs, what is an accident? it means investors get really scared that there is in deal coming. they sell everything and they cause the crisis them ef iss. it wouldn't be as bad as what we went through in 2008 but it wouldn't be a lot of fun either. >> glor: not a financial meltdown but not good. >> not good. >> glor: jill, thanks. >> thank you. >> glor: the death doll-- death toll from flooding in texas and oklahoma keeps climbing at least 28 people have been killed, ten others have been missing for a week. don dahler is in dallas tonight. >> reporter: in dallas an eight-year-old girl became the latest victim when the veck she was riding in crashed and she was thrown into floodwaters. her body was recovered later by emergency workers. in wimberly, five adults and children are still missing. 1 week after a wall of water swept away a vacation home. 2,000 volunteers continue to comb the tangled debris determined to keep searching

this time it is from jack lew. worried about a freak accident.wn to avoid a crisis. looking for crash. malay meal favorite snack chat is joining. at the end of the day it is all about money and sandwiches. ♪

jack lew says greece needs to come up with a workable economic reform plan. >> what happens in a world where they put a credible plan together is something that we will have to see. credible if there is a plan there should be flexibility to make it work. julie: 209 people deciding whether stepladder will be the face of global stock. it was considered a sure thing until the corruption scandal this week. now much of europe is pushing for another candidate. called for him to step down. cameron: you cannot have accusations of corruption at this level and on this scale in this organization and pretend that the person currently leading it is the right person to take it forward. is the ugly seen side of the beautiful game and he should go. the sooner that happens the better. he may not get the two thirds of the votes he needs to win in the third -- in the first round. the senate will meet in a rare sunday session. lawmakers are facing a deadline to renew the 14-year-old patriot act. fullents want to stop collection of americans phone records in the national security agency bases that on cause

representing the country of the kurdish republic, is mohammad lew and world war ii veteran, mr.he country of luxembourg, his excellency, john louis rolfsfeld and mr. stanley tompkins, world war ii veteran. representing the country of malta, deputy keef of mission dr. patricia borg and holocaust survivor, mr. manny man dell. [ applause ] representing the republic of maldova is his excellency igor montague and world war ii veteran and tuskegee airman, colonel charles mcgee. representing the country of the netherlands is deputy chief of mission miss jo anne balfour and ms. louise holocaust survivor, who is originally from the netherlands. representing the country of new zealand, defense attache, and world war ii veteran, mr. perry miller. representing the country of norway is major general fin christian homstod and mr. jake jarvis taylor. representing the country of poland is defense, military, naval and air attache, brigadier general yaraslav and miss selena peabody, holocaust survivor from poland. representing the country of russia is mr. max, acting military attache. accompanyin

secretary jack lew was there to explain first of all there would be no sanctions until we could confirm that iran had actually carried out the obligations. >> joining me now john bolten, thank you for joining us. i guess what we got out of this summit was what we expected not a lot. expressions like broad cooperation, and so on. what is your take on this. >> i have to say it ended worse than i thought it word, we start with four of six persian gulf arab monarchs not showing up, but security guarantee that president articulated was so weak i would think that the 6 arab countries would be less confident and concerned about terms of deal negotiated with iran idea this somehow president can have it both ways to calm the arab states down, and at same time reach a deal with iran that will pair of the way for irk republican to get nuclear weapons, has now been exposed as fallacy it has been for a long time. >> so do you believe that saudi arabia, talked about this in recent weeks we could see other countries in the area, start to develop nuclear weapons, saudi arabia in turkey or egypt? >> yes

jack lew is the u.s. treasury secretary. he talked about shifting the date.eemed to be expressing frustration that the dates and deadlines keep getting missed. i asked how concerned he was. here was his answer. >> from january until now, too much time has been spent unproductively. the challenges this week is it is a weak weather has to be aggressive. -- has to be progress. h anow once you reac general agreement, you still have a lot of work to do ahead of you. hans: we all know deadlines force action. problem is the deadlines being shifted. the latest is the idea greece could lump sum payments to the i.m.f. june 5, they owe 300 million euros. they could push that back. they owe 1.5 billion through june. they could have that payment come at the end. finance ministers seem to want to have some kind of firm deal by june 5. they are quite far apart. if there is one theme running through the morning, it is that there is not enough progress needs to make a decision about what direction they want to take their country. scarlet: june 5 is the deadline we have in min

. >> we just heard in dana lew ition's piece we heard dick klegg worried about driving apart, almost all the seats of in scotland. does this all risk or increase the risk of seeing a disunited kingdom in the future with scotland wales and northern ireland becoming their own countries? >> well, i think certainly it increases the risk of an independent scotland. no doubt in my mind. it will be interesting in watching the debates in the house of commons why should you an snp member of the house of commons with your own parliament devolved in scotland, decide issues in england? this is going to heat up and force thoughts of devolution, and i think david cameron would not only be thrilled to get rid of 56 seats but build on devolution. >> your party ukip was the third highest vote getter and ukip wants out. will britain stay or go from the eu? >> i think david cameron is basically pro-europe and he promised a referendum in the last parliament but he ratted on that cast iron guarantee i think he will now have to give a referendum this time but it will not be a clean referendum in switzerla

we heard how jack lew plans to press his european counterparts and warn about the unpredictability aboutpotentially disastrous event in greece if they default. yesterday, yanis varoufakis insisted greece would make the 300 million euro payment to the imf. it was contingent to the idea that they would have a deal and get fresh cash with which they could actually make that payment with it is a circular argument from the greeks. at the same time you had a german official saint that germany is confident that an imf payment will be made. they think talks and progress can proceed from there. we do not have a whole lot this morning on which to hang optimism or pessimism. everyone is sorting out these comments. we will see where the day takes it when everyone arrives in dresden in a few hours. jonathan: bacillus in athens. do we expect anything groundbreaking from the ecb today? vasillis: athens expects greece to be mentioned. the brussels group is where the group is at the moment. there seems to be little convergence at the talks right now. this seems to be convergence on the sales tax but that

we are getting comments from jack lew.sing the need to find a pragmatic outcome on greece. he says it's possible that june 5th is not the real deadline so maybe we're not looking at the edge of a cliff just yet. >>> in corporate news shares of altera reporting this morning. intel is close to a deal to buy the chipmaker for as much as $54 a share or about $15 billion. last month altera rejected an unsolicited offer following months of negotiations. you can see altera is up by 5.8%. >>> as we have been talking about all morning. dick fuld speaking out for the first time since the financial crisis. while he didn't share much on lehman brothers he did share current eeconomy and income inequality. >> income gap, income ineequality. iio i know you don't want to hear this from me. but the wealthy are getting weltier and the belly of america is getting hurt. why do i talk about this? i'm a hard-core capitalist. let's be fair. capitalism only works if it starts at the top and filters down. if it doesn't get down we're going to lose

secretary lew is a very enthusiastic supporter. >> there you go. there's the first conclusive proof that they talk about other stuff other than greece. it's not going to buy or sell them tomorrow on the back of the story. you're not going to do it over the next few weeks but it is coming down the pipe. jack lew is is behind this as well which means corporations have to watch where they pay tax and possibly could have to pay more. back to you. >> we'll see what happens overtime we could see some corporations question whether they want to expand into europe and whether that will result in a derailment in the type of mna we have been seeing cross border, steve. >> possibly. that's a sad thing though. your big investment banks advising people to do a deal for tax reasons. it's been poor form that if tax assertion is the only reason you do a deal that's pretty pathetic. they're investment bankers and they would never admit that. they say there's another role of rational. so i hope they do the deals for the right reasons. i'm sure they will. >> we'll see

jack lew saying it's the responsibility of that country and its creditors to meet the deadline. >> alle. there needs to be flexibility on the part of the institutions and tough policy commitment and implemented in greece. one won't happen without the other. they have to happen at the same time. it can only happen when you go from the high level of generalities to the very specific levels of what actions you are prepared to take. i have delivered the same message to, in conversations with the prime minister of greece as i have with the different institutions. i think it is in everyone's interest for this to be resolved and for it to be resolved as quickly as possible. >> that was the treasury secretary at a g-7 meeting. david woo from bank of america/merrill lynch. and jack renn. senior global equity strategist. david, investors seem not to care as we go from deadline to deadline here on greece. could that change if they can't meet it next friday? >> with jack lew's comments notwithstanding three months of negotiation, very little should the narrowing have taken place. little substantiv

midway lew the third, he would have to sit. both teams struggling to core.fe miserable for howard. ended the ght with 13. iguodala breaking free. the warriors up 9. fourth quarter warriors up eight. klay takes knee to the head from trevor ariza. worse than steph's fall. takes the brunt of it in his ear. he would have to leave the court with a ear laceration. harrison barnes, fired up by his absence, drives past howard. 85-72, best game of the play-offs. throws it down. warriors up 15. seven to play. klay tries to return. ear starts bleeding. he returned to the locker room for three stitches. a physical, physical game. barnes 24 points win it. warriors win it by 14. great feeling coach and player. and then al attles hands the championship trophy. quite a mont at oracle arena. and of course abc is the only place where youan see the warriors and the cleveland cavalierface off in the finals xt thursday june 4th, the same day they'll beisiting the white house for their win last year. great me to be a bay area sports team. negative kidding. this next sies. >> just

riders left the egg harbor township police department department and headed to lewes, delaware. on tuesday, they will bike to washington, d.c. to participate in national police week events. >>> we have some fog out there, so those riders may be encountering the fog, especially south of us. delaware and points further south seeing that fog. we're seeing reduced visibility down to a quarter mile. that's your first weather headline on this sunday morning. more fog this morning, more fog monday morning. it's warm it's humid, it's sticky and soupy as you head out this morning. very summerlike this morning and it will feel very summerlike this afternoon. relief this week, temperatures back into the 70s, closer to normal for this time of year. 67 right now in philadelphia. we have low clouds in place and we'll see them burning off the fog, burning off eventually this morning and we'll see some peeks of sunshine pearl sunny this afternoon. right now, lots of fog in place some fog, temperatures in the mid- to upper 60s at this point. 67 in philadelphia and 64 in atlantic city. areas of f

meanwhile, a 18:00 the irs say thieves lewes dollars one of their on line service toss access personal00,000 of us taxpayers. the information included tax returns and other tax information on file. >> the thieves targeted the system from february it mid may. officials believe, they are sophisticated criminals notifying taxpayers whose information was accessed. >> city of baltimore on pace for its deadliest month in 16 years, this after bloody memorial day weaken left nine people dead, another 20 injured. one area seeing in the recall recall -- >> can't tolerate this. not on this level not on any level. this level of violence. >> some analysts say a reason for the killings could be police office remembers hesitant to intervene in some violent crimes. now, following the indictment of six officers involved in freddie gray's arrest, overall there is year, there have been 108 homicides in baltimore compared to 79, at this time, last year. >> to cleveland reforming police department after reaching settlement with the justice department. >> so this comes after a report in december, slammed th

riders left from the egg harbor township police department this morning and they are headed to lewes, delaware, right now. tomorrow they will continue on to annapolis, maryland and finally on tuesday, they will arrive in washington to participate in national police week events. >>> let's head now to mississippi, where a third person is under arrest after two police officers were shot and killed overnight during a traffic shop. the shooting happened in hattiesburg last night. authorities say the suspects shot the offices and then escaped in their police patrol car. it set off a manhunt. two brothers marvin and curtis banks were captured within hours of each other. a woman, whom police say was with the brothers with also around arrest this morning. >>> pope francis welcomed cuban president raul castro to the vatican today. the pontiff helped to renew diplomatic ties between the u.s. and cuba. and after this morning's private meeting, castro told reports that he thanked the pope for what he did. pope francis will visit cuba in september after his u.s. trip and his stop in philadelphia. y

, one that was offered by chairman hatch my friend orrin hatch supported by treasury secretary jack lew so the administration includes a negotiating objective to address concerns so it is in the underlying t.p.a. the problem is it's not enforceable. so we say we agree that currency manipulation is a bad thing because it distorts trade distorts free markets. i'm a conservative, i believe we shouldn't be encouraging distortions. but the difference is between the negotiating objective and the bill and the one i'm proposing is that ours is actually enforceable. gives us the opportunity to actually make a difference in this debate to be able to ensure that countries abide by the rules they have promised to follow as members of the international monetary fund. someone said this is a poison pill for trade. i don't quite get that. again, trade promotion authority already includes currency manipulation. the question is whether it should be enforceable. if we believe as we say we do that this is wrong why wouldn't we want to have some ability to enforce it? by the way as i said earlier this legis

. >>> jack lew is in london. from london he'll travel to germany for the g-7 finance ministers and central bank governors meeting. >>> donald trump looks like he's in the bed & breakfast business. s estate in virginia opened its doors to the public. it's right next door to the trump winery. rates start at $349 a night. >>> good morning. welcome to wusa9 at 6:00 a.m. rise and shine on this wednesday, may 27. we're expecting some stormy weather this afternoon and evening. i'm andrea roane. >>> i'm nick giovanni back with our friends allyson rae, erica grow and larry miller here to get you ready for the day. the afternoon commute may be affected by ain't? >> typical -- affected by the rain? >> a typical affected pattern. today i think the beltway could see good downpours later on this afternoon and could impact your travel home as well. so let's take a look how we're starting off temperature wise. this is the 24-hour temperature change. so this time yesterday, we were almost 10 degrees cooler. it's warm and it's hum

the lew lumia, 640 is great example. has great 6 megapixel camera.onnects to office 365 and can store content you can access from any device. coming from at&t and t-mobile. liz: how much does that cost? >> pricing has not been announced. it will be announced. will be very affordable. david: i heard it was 69 bucks. >> you may have set the price. it will be affordable destroys. david: let's grow to the to the tablet. i think tablets become laptops. does it do basically that a laptop does. >> that is exciting thing about surface 3, on the heels of the surpass pro 3, this is more affordable, thinner, lighter, great tablet and pc all in one. you can an do everything that a tablet can do with a mouse and keyboard. if you take that off, it is a, tablet that you can sit on your lab and do -- i love to do couch surfing or play some games. but then also, take it on the road. do all my email and my full office. do all the heavy stuff that you ask a pc to do. david: you can write, unlike the ipad, you can write on the screen. >> one of the great things, it has

you see statements from financial leaders globally from larry summers, from current secretary lew.sterday. i don't think there are many institutions that would agree that at this stage, given the difficult straits we find ourselves in given the fragility of the cease-fire, and given the incredible load that this debt is on our people, that a restructuring is not necessary. ryan: you threatened to stop coupon payments. what would the trigger be for you to actually do that? would it be june 15, the deadline the imf has given ukraine to come to some kind of deal with creditors? ms. jaresko: i haven't threatened. what i have done is asked my parliament and they have granted the government authority to suspend payments. i'm very hopeful and confident that our creditors will come to the table and have collaborative discussions and reach an agreement. i need to make sure all the tools are available to protect my nation and our taxpayers. ryan: have you had a chance to speak with the russians about their eurobond, and the first payment on that on june 20? are there any talks planned? do yo

also jack lew says he fears a greek accident could happen.ondon school of economics today, lew warns the country and it's eurozone creditors need to double down their efforts to avoid missing the next debt payment deadline. as we've discussed, you can make that deadline but a month in it doubles and triples. it's sort of a cascading effect. >>> also oil in focus today. crude prices bouncing back a bit after steep drops yesterday. analysts there looking for crude stocks to fall for a fourth straight week. the data from the american petroleum institute will be released at 4:30 eastern time this afternoon. a lot of folks will be watching that. >>> we also have media news. vox media is acquireing another company. cnbc and comcast had a stake -- have a stake in recote so there you have it. >>> let's tell you about other corporate news. express scripts is looking for deals with drug companies that would set pricing for some cancer treatments based on how well those treatments work. this is a front page story in "the wall street journal." it says th

jack lew in the united states is trying to clamp down on this. 1.2 billion pound deal between steris and synergy. manus: avago technologies has agreed to buy broadcom. $37 billion. it is the biggest technology acquisition ever. let's get more with haslinda amin in singapore. it is just a huge deal, isn't it? haslinda: totally. it is a deal that makes you sit up, pay attention, and discuss it on bloomberg tv. the deal will create the sixth largest chipmaker in the world. it hasn't been sealed yet. that will probably happen by early next year. like you said, the biggest technology deal ever. a 16% premium to caroline: -- to broadcom's last close. some say avago overpaid. even though avago says it is hard for another company to match that bid, it is still paranoid there would be a competing offer. as we understand it, qualcomm intel, they have had discussions with broadcom, but nothing so far. avago seems to be the only one with a reliable bid. if you are wondering what avago does, it makes chips for things like smartphones, computer disks, data networks. it has grown hugely as a compan

european economies in greece to reconcile the differences and is the treasury secretary jetblue -- jack lew, he is in regular touch with his counterpart in your of her. -- and you. the thing we continue to be placed i is that individuals on all sides indicate that they believe is the u.s. leave is in the interest of the global economy for the year paid union to -- european reunion to remain intact. we can -- to resolve this in a way that does not add additional or necessary drama. this is something we continue to march are closely and we are encouraged by the good-faith efforts that have been made to try to minimize to -- the drama and uncertainty. to extent -- to what extent did the president -- was he involved at all? i have -- he will spend time leaders in the community who have in the frontlines of this over the last several years that the tensions between many members of the community and local law enforcement have worsened. i know the attorney general is planning to meet with the family of freddie gray. she will spend some time meeting with those officers that have in injured in the c