i'm more of a macro trader, and i can tell you the conditions for being a macro trader are not good. i won't forget about rates rising in greece. i want to have an orientation that takes me away from the concerns with the chinese economy, so that eliminates some of the names i thought about maybe putting on. i want -- as steven weiss correctly states a lot of times, don't trade market. trade stocks. i would say in this case i'm trading sectors and asset classes, but i don't want to trade the overall market, make calls on it. that's been incredibly difficult. >> maybe you get a good clue, josh, with financials. which pete has talked about. dominate earnings. wells, jpmorgan, citi. give you a good clue to where we're going to go. >> certainly. and they're a decent chunk of the overall market cap. joe makes a really important point and i'll put some data there. merrill notes that the top performing strategy is trading the charts. the winners kept winning. momentum was the single best quantitative factor. if you look at some of the bigger winners, it makes perfect sense. netflix doesn't

and i did talk about macro etiquette. here is changed in consumption and output over 25 years after the shock. the first thing to notice about the changes is they are extremely persistent. most of the time we talk about monetary policy and we measure impacts in terms of quarters. this picture is in terms of years and these effects are around for many years. so outpit peeks after 2.5 years but it is visible 10-15 years after the shock because the changes come through change in wealth and change in wealth is going to effect the economy until courts are replaced by new courts and people have to die and be replaced for these to go away and this is extremely persistent and something to keep in mind. and the other distribution is effective and so output and consumption falls. and the reason this is happening is first thing about consumption is that the losses go to older people and the older people have a higher propensive to kmum because they have a smaller horizon and younger people have many years to consider so they are goi

>> i think the market is focused on the micro, or the macro when it comes to the u.s. we know a rate hike is coming. we don't know clearly when. we know the rate rise is coming. and of course the moving markets, it's been individual stocks. it's been a handful of individual stocks. i think you point to twitter and facebook is likely to live the marketing i think we focus on the micro, at the moment rather than the macro. >> you think twitter and facebook this week could drive action? >> yeah also surprising this year is how narrow markets have become. you look at the movement the s&p has had this year. and a handful of stocks that's been the key to that mover, apple, google netflix, gilead. it's a handful of stocks on how the market has performed. and facebook is clearly on that list of stocks that could have a potential to market cap. it makes a big difference for this week. >> matthew, this week, four stocks in the nasdaq 100 that make up $1.3 trillion of the cap. the question is is that a concern for the average investor? >> i think it is. it does link in of course,

macro. again, china macro i think is stabilizing.na stock market is something that the policy makers should have done something about on the way up, don't think they're panicking on the way down, they will be cutting triple rs. they will be cutting rates. i own the a shares over the last couple of days. i don't think this is a long-term trade. i think this is a trade where i believe liquidity in china is not going o'a way. and this is not a barometer for the u.s. stock market. >> buyer of chinese stocks speaks. >> it's not for the faint of heart certainly but listen, what's concerned me is china has all these levers to pull. they pull a lot of levers stocks keep falling. they are going figure this out and you're going to get a rally. the a shares i would buy. it's $44. it could go as low as 38 but i'd still be a buyer here. >> still ahead chip stocks getting crushed over the last month and some traders betting there's more to come. plus the jobs report comes tomorrow before the long 4th of july weekend. if history's any guide, one in

a bunch of macro problems that make bankers bang their heads against the wall.ut we are just showing our viewers where we are right now. over the past four years, they have substantially come down, allowing a lot of the farmers and exporters to drop prices. costs are in local currency but selling in u.s. dollars, you are a little protector that way. you are down 50%. this is the rio dollar cross. they are offering a lot more discounts. shery: you're talking about oil, coffee, anything else where mentioning? david: we should mention gold. everyone is interested in gold. people are shorting. shorts are at record highs. morgan stanley is saying worst-case scenario, $800 an ounce. $1050.se is you have it below a thousand if that happened? $800, about 35% from where we are. copper is more worrying. you have stockpiles 90% of. you have requests of withdrawals from warehouses. they have come down substantially to the lowest since 2013. stockpiles are increasing, but this is a forward indicator of global growth. shery: it is a little worrying. david, thank you for that

it is being driven by what we see, three major macro themes.ary impact of commodity prices. the second one is diversions. stronger u.s. growth against the rest of the europe -- it creates a stronger dollar, week and reinforces deflationary pressure. the third thing, what we like to call deleveraging. that is going on in china. they have to rotate the economy to be more consumption driven all pointing to lower commodity prices. erik: if there is one commodity to watch that will carry the day at least in your call, what is it? >> we view copper as being that. it is a bellwether of what is going on with the u.s. dollar, and a bellwether of inflationary impulse given what is going on in oil. stephanie: is there a catalyst that would cause you to change your view? >> he would be u.s. growth beginning to falter. it would force the federal reserve to start creating more stimulus over the last decade. a monetary policy helps yield commodities to the upside. the big driver here is the fact the u.s. started to join the corner -- turn the corner. erik: it

on the macro basis, microsoft is moving in a very good direction.mily: what would you say about the windows 10 rollout happening next week. it is supposed to be a very big deal, offering to most people for free. but microsoft is changing. what you expecting with the windows 10 rollout? >> we think is a swing factor. the operating system, you do not pick up your iphone and say i love iowa, you say you love the apps and that it is reliable. but the os is becoming less relevant and it has shrunk from 30% of revenue to 15% of revenue. it will continue to shrink. what matters is the application, the effort structure that microsoft is delivering, and we think they are spot on with what they're doing in office 365. as your is now a billion dollar business. when you look at the cloud assets that they have, they are way ahead of anybody else in their large-cap. emily: does it matter that from a big picture industry that microsoft is basically nowhere on phones? this technology giant does not have a major phone hardware mobility? >> they bought a company that

believe those our preference is for carriers to work with us to provide scale appropriate micro and macro and if there is a gap looking at the least intrusive sites one of the challenges was when it was discovered we had a concern of the accumulative sites from the streets with a certain prospective and the submittals we saw not for this site but others included the expensive pole height increases and the project application was consistent they needed to pole 15 to 20 feet higher than the existing pole it was out of character there were consistencies with the meter twice as wide as the pole it becomes a dmoop for graffiti we are that planning to recommend deny for 14 of the sites because of the concerns and we move forward they came back with a far less intrusive with more modest height pole increases and they try to look at different locations for the antenna basically w the wood poles will replace the antenna with the poem on an extension pole up or place the antenna at the top of the pole challenge with the top of pole it might look out of character with the tall extension with the low

. >> we saw microrst is what we saw and last week a macro burst it can cause as much damage as a torn, and straight line winds and an ef 1 tornado in honey brook, the severe thunderstorm and the tornado warning was at 2:00, that is a lot of lead time with the tornado, maximum wind is 95 miles per hour, the path was as wide as a football field is long. that is 100 yards and it stayed on the ground for is1.5 miles the distinctive signature of a tornado, the southern hook of the flank of the storm to the south and east. people are asking me how does a tornado form, it is born out of a thunderstorm intense powerful towering thunderstorms, more than 40,000 feet up called a super cell, rapidly ascending air and vertical motion but what kicks off the spin is a rear flank down draft, that is when warmer air is pulled down from high in the atmosphere and it creates the rotation that creates the damaging winds and you get the hail and heavy rain with the tornado. first you get a wall cloud the descending cloud from the base reaching towards the ground if that wall cloud starts spinning it becom

. >> it costs about 3 times as much as a normal macro system it is in the eyes of beholder whether a at all macro site disguise as a tree is more intrusive as boxes on a telephone pole up and down the state one community choose one over the other in this particular case those antennas are actually extensively sophisticated contain 3 antennas within the container each of those antennas contain 2 antennas that carry two frequencies their positions out in the street for shooting up and down the street. >> sorry this is obstruction this is very important i'm sure if you replace that with roof mounted antennas and small sell secell you have to place the antennas opposite the corner in 3 sets of 3 antennas you end up with 6 or 9 chimneys or 3 boxes on the corners you have to shot over the edge of the building if there's a set back we have to have a one-on-one ratio to signal to have it shoot over the roofline i've got two for north beach that led to enormous opposition for chimney tops in the north beach owe appealed up to the board of supervisors and people asked for falls on light poles

so the currency is currently a macro economic anchor if you will. it provides stability, but having said that there is some indication that the chinese authorities might widen the trading ban at some point, reintroducing volatility. it will be a gradual process because right now we are in a stabilization period but over the next few quarters i would expect more volatility come back into play. previously it was volatility that was one sided, broad appreciation. this time there will be volatility in the truest sense of the word which is a symmetric volatility around a broader level that is stable against the u.s. dollar. >> fred norman co-head of asian economics research at hsbc. >>> some flushes on the bombardier bombardier. a potential train merger. they are talking about potential partners going forward. bombardier having a potential floatation of their rail business. a train tieup could follow that partial cred did i days. that's something to watch going forward. >>> we have a little bit of news from sans bury and germany celesio. jay sainsbury an

you are seeing a macro market and it correlates with the index. they are tightly correlated and deflation and lack of growth in politics it is correlated and you need to talk to somebody like me. you should get the equity earnings. >> the quarter one was dominated by trade. you talk to the stock pickers now and it is going to be a stock ticker market. >> is dominated by a bit of a selloff. there are lots of macro concerns. a data has been strong and it holds to economic data. better economic data is in europe. i think the second quarter will be based in this. the oil companies and the mining companies, there could be some risk. >> we will talk about those risks. will the next global recession be made in china? we will talk about it. the dax loses a little. good morning. . jonathan: good morning and welcome back told bloomberg tv. i am jonathan ferro. 30 minutes into today's trading. the ftse 100 pulling back a touch. down 0.1%. for a for, germany -- frankfurt, germany added to the benchmark. comes back a little bit. one headline in this market and

angie: did we see any macro impact from china and greece?uest: that was one factor that was scaring investors coming into the corridor. it did of fact the data center spending and pc sales. but they were able to overcome that with other segments such as the cloud and networking and storage. anand for bloomberg intelligence from new york. thank you so much. let's get back to the breaking news. they did it. final tally, 209 yes , 64 voted no. six who abstained. this is a majority of the 300 seat parliament in greece who spent the night debating the conditions of the measures that will give it a bailout, something that will keep it in the euro. coming up, janet yellen signals plans for a rate hike. we get more reaction when "first up" returns. ♪ angie: checking headlines, japan will vote on legislation to expand the role of the military. , as itosition is growing would rewrite japan's postwar constitution. changes would allow japan to defend its allies and itself. tois argued it is need counter a whitening china and increase peacekeeping operat

>> in the big macro story china is more important. but we have seen for years with china is they are exporting to the west although the has held their currency steady for a long time if they are going to do something to recognize higher nonperforming loans and the deflationary impact in china will be increasing. do they try to depreciate their currency, that will be another deflationary possibility. that would be difficult for the west to cope with. jonathan: you have 10 seconds risk off for chinese markets does that become risk offer other markets? >> probably. jonathan: stewart will stay with us. coming up we are told the eurozone can handle any greek scenario. plus, live in athens where we speak to the former greek finance minister. we will do that after the break. we will break down the markets as well, back in two. ♪ jonathan: good morning, and welcome back to "on the move. " the dax up by 17 points this morning. big action in sweden, forget the equity markets, let's go to mark barton. mark: the swedish central bank has cut rates

attention apparently turning away from the macros reset as grief and what is happening in and what is greece happening in china. analysts forecast of 5.3% drop in overall profits across the board. the nasdaq inching up a little bit higher but clearly the dow back below 18,000. erik: that would be largely because of ibm. disastrous order for ibm. stocks getting hammered. 13 straight quarters of disappointment. bigger ibm being a much drag on the doubt. -- dow. erik: another tough quarter for ibm. 13 straight revenue drop. specifically we are talking about declines in revenue is declining, a lot harder to make more money. trying to overhaul ibm to be a seller of computing technology and data analytics, and that is working, but only off of a small base. the ceo has cut costs. the decline in services and software are the legacy business, and that is what is hurting the company. a shakeup at toshiba. several top executives are out and they will have to restate earnings for six years. announced after the closing bell in japan that the ceo and two predecessors will resign over the company's

talk about the macro environment. you mentioned a low rate, so debt is cheap.ut low tax rate is another macro factor. neither of these factors are permanent. inversion factor is always massive in pharmaceuticals. you had a lot of pharma companies that did relocate. before the government came out and said it was going to try to stop this, those companies were coming out -- mylan and alle of those some companies. you have this bifurcation in the industries -- in the industry. u.s. companies cannot compete. i think you will see more of them. mark: what will be the impact on the average consumer? genericargument the companies make is that if you look at it, through scale they are able to get the distribution. they have the distribution channels already and their argument is that it is good for the consumer because they can pass the cost cutting on to the consumer. i would be wary to think that we would see any of it. mark: it seems like in these deals, as with everything, comes down to timing. said --tev is said to be near a deal to buya mylan's all ergan business.

seen -- ngs we have the new that we would have macro issues as well? amazing that we are up 2%. alix: a look at top stories across the terminal, spending much more time watching video online. we will spend an average of one hour a day doing it by next year. this is according to a study that says that the number of average people watching tv will rise this year, but fall in the next couple of years. and according to the new , weersity of michigan index are looking at the rate for consumer confidence that has risen. making whiskey that will be out of this world from japan. it will be sent to the space station next month to see how gravity effects its flavor. -- the lack of gravity. suntory also owns jim beam. and it cut back and water usage in california. water use of their fell 27% in june, leaving a reduction order by jerry brown. it is one of the worst droughts in its history. and a rare pre-civil war $179,000card fetched at auction last night. it dated at 1860 and was purchased by an anonymous buyer. it was in a family for more than 150 years. those

the only thing that remains is a macro risk picture. other than that, the environment is very be nine. >> we had the chairman talking about the destruction to supply-side fundamentals. are you surprised by the fact crude is dropping back below $50 a barrel considering the cuts? considering in the year we may see that cut production? >> if it is about liquidity in the market and you have the pendulum swinging, i don't know if that is the case. the numbers are coming much quicker. i have a feeling it is going to come more. i think that is making people worried. no unexpected oil prices to sustain at higher level. in a way it should help the emerging market. >> let's talk about corporate earnings. you talked about picking up the pieces. considering where things are, do you have to think twice about picking up the pieces? additionally, are some of the dividends under threat? >> some of them may be. they have done a good job of maintaining. you have to start picking stocks in the sector. if you look at financials and health care, you have wi

there is when other thing in the macro environment we did not talk about, which is shale energy production and exploration. that is a big part of our story in terms of down volume in the second quarter. as we look forward, our whole business model is predicated on excellent service and being demonstrably better than other alternatives. we are executing on that as we speak and we are going to continue to execute on that, as well as getting our resources right and getting back on track to show real productivity and efficiency in our costs. all of that is possible and i expect it. olivia: thank you so much for your time, lance fritz, ceo of union pacific. they are using drones to expect -- inspect train derailments. scarlet: that goes to decreasing cost. amazon has its first ever prime day. the company says it was a huge success but did it boost subscriptions in a meaningful way? we will discuss amazon and preview its earnings, next. ♪ ♪ ♪ welcome back to the bloomberg market day. i'm olivia sterns. scarlet: i am scarlet fu. olivia: let's take a look at what is happening in the market. sandis

let's bring in gabrielle stearns the head of global macro research. head of investments eaea. before an interview i get a series of notes about what my guests think and at the top of your line was an 80% probability that greece will exit? that is brave. guest: somewhere between 70 percent and 80%. if we were down at the pub rather than tv i would start with a four letter word. it is absolutely momentous and disastrous. i am a bit of an imf geek. i used to work there. defaulting on the imf is unbelievable. the big thing is capital controls and closing down the banks. the whole reason to avoid default to the imf and ecb was in my mind to avoid capital controls. once you have the bank closures the gloves are off. it is unmitigated disaster. i don't think -- i don't think it is likely they can stay in the euro. jon: when you hear things like that and look at the potential of a next. the perception is that it will not matter so much. i have the dax up and yields lower. we are trading perception, not reality. how are you managing risk? >> the reality is that the contagion risk is si

scarlet: the china macro story is driving copper.ccording to goldman sachs, that is not the reason for it. scarlet: they are selling copper futures. alix: goldman sachs is like, i like nickel and zinc. think has exposure to china infrastructure and the car sector. -- zinc has exposure to china. there are mine closures. you have supply coming off, the same thing that happened with nickel. scarlet: i learn something new every single time. alix steel will be back in 10 minutes. we have much more coming up. united airlines u.s. flights back in business after they were grounded earlier today. this is not the first time it has happened to the carrier. more on that, next. ♪ scarlet: want to bring you some headlines here. trading will resume without a reopening option and they will resume trading at 3:05 p.m. -- 3:10 p.m.00 p.m. -- we are anticipating that the new york stock exchange will once again reopen trading, resume p.m., 16 minutes from now. you are looking at a live shot of the floor of the new york stock exchange were there has not

carter worth is cornerstone macro's head of technical analysis. he's checking the charts at the smartboard. what do they show, carter? >> sara, thank you. three things i want to look at. just the chart of the market itself. all the moving average is is an automated trend line. meaning obviously the market's been ascending and of course our moving averages are ascending. i've got both the 150-day, which has a higher hit rate in back tests and the 200. you can use whatever you'd like. but we see quite clearly the purple line being 150, that it seems to be the closest one in terms of measuring trend. and what we know is that despite the ebola swoon when both didn't help us we've tracked the 100-day quite closely but the very issue of trend is now in question. essentially these lines are flat. we're basically not in an up trend anymore, but internally it's really worse than this. so two pictures i would show you. just a week ago we were within one point of making a new, yet new all-time high in the s&p. and yet the total number of stocks making new 52

clearly a lot of macro items that are weighing on the markets. i would be waiting a little bit longer. i probably won be shorting the debt because it could snap back very sharply. >> this is a 10% decline in wti in the past three sessions. >> and guy started talking about is it a supply thing, is it iran. this is obviously also a demand thing. when you think about how poorly emerging markets are acting, their equities right now and some of the issues that we have. there's no doubt in my mind it's been a demand thing all along. and i'm just going to mention one other thing. if you want to look at the refiners and take some solace in that as far as the oil trade, you're looking at the wrong thing. those things are outliars and you want to look at one of the largest market cap companies in the world which is exxonmobil here that's down 11% on the year. it's actually touched a new 52-week low today. and when you have that sort of price action for whatever reason i don't think you want to get near the space right now, especially when you see the under

economics at macro research. matt: still ahead on "bloomberg market day," airline stocks are rising. stay with us. ♪ matt: welcome back. i'm matt miller here with scarlet fu. scarlet: with gets julie hyman with a look at the markets. less than two hours and really close things out for the week. it was a volatile week. alie: it looks like we end on high note. hospitality stocks do well today as they are near the highs of the session. they will have their highs at least in a months time. i want to take a look at royal caribbean, one of the best performers in the s&p 500 today. the cruise line operator up 4.5%, the analyst saying the company may come out and raise its guidance. analysts have been doing price checks, checks of advertising. they see the advertising rising growth has accelerated since rule caribbean last provided guidance for certain and pricing in april. they are optimistic there could be an increase there. we are also seeing the shares of airlines rise. american airlines is bleeding them, that compan

companies, because consumer demand in china is still strong, but what are you seeing about a strong macrorends that baidu has to deal with with alibaba and tencent? jeff: the biggest one was what you and your team highlighted earlier, which is the shift to mobile, and that affects how it works, and the second thing that baidu is doing is moving services, soap on-demand services letting consumers buy things by search or a -- so on demand services letting consumers buy things by search. and we saw their investment in uber, and they are executing quite well in china, so those are what you are eating play out with baidu and there is the strength of the -- those are the things that you are seeing play out with them. emily: and they are also looking at buying the nokia mapping business. what do you see as sort of the big picture challenges? >> we are venture capitalists. we invest in the early stages of a company's life. that being said, we think less than half of china of us is population is on the internet. it is a massive opportunity, and quarter to quarter, there were expectations, but on a

let's check in with the cohead of macro. nick.e chinese regulators limiting stock sales by mega shareholders, by corporate directors how do we take that action, which came a couple of days ago, and the overnight rebound in chinese stocks, and make some sense of it all? >> you have got to look at the market today. you're getting the biggest gains since 2009. when you look at it, you see 1260 stocks were suspended from trading anyway. you look at the confines that have been brought in the 260 billion given to 21 brokers you have done everything at this market. >> we have seen retailers get involved with investing. what happens? >> that is a good question. we do not know so much. the broader ramifications it is the fact a lot of those, one of the things we're seeing and you can see the dax has been up for a couple of days, this has been a relatively isolated phenomenon within china. we are ramifications with what happened with iron -- iron ore. the hang seng it has been a function of the search to try and fund -- erik: i was sent a c

it has been offset by the macro performance. manus: in terms of these job cuts, where do we think they are going to come from? will it be the investment bank? is it retail? julia: he can cut the meat in retail. in terms of the investment bank, the asset-backed security division is interesting. when you have the basil review, those are the kinds of assets that will be most hit by a change of regulation. you might see some cutting. manus: where does it fit relative to its peers? the whole industry is in a state of change. julia: ubs started all of its changes. now you see credit suisse mirroring ubs and barclays and deutsche are in the middle of this change. goldman said we are in a strategic drift. i couldn't find better words for it myself. manus: that is a phenomenal way to describe it. i want to bring in paolo schooler running. great to have you with us. you wear a different cap now. you are at rothschild. this is an amazing time in banks. big changes big ceo heads gone. what do you make of it? >> this is amazing time for euro

macro is not very good. greece doesn't necessarily bother me as it's 2% of the euro's gdp but i'm looking at the spreads. the spreads in the periphery countries are tame for now, keep an eye on iran and oil and the implications there, too. but i think right now we're still sensitive to the macro because we have nothing else to focus on and i think next week when we get earnings, we'll feel better. >> what's the message of the market today? >> you have to go back to 2011, credit leads equities. when you're looking at the u.s. equity market and joe is trying to figure out where's the point to buy, the key is you don't want to step in and buy if the preriphery spreads are continuig to widen so italy and spain and france, if they're widening during a qe program relative to germany, that's a sign that the fixed income market is selling us there's more pain as we saw in 2008 and 2011, credit leads equities. >> you're not trying to make a connection between '08 and now from a market standpoint are you? are you expe

busy stretch started three days ago and within our area three weeks we see three tornadoes and one macro burst and a micro burst it's basically the strong winds out of a thunderstorm up to 85 miles per hour and philadelphia international airport we saw the fourth peak wind gust, at philadelphia international airport up to 72 miles per hour. it is in the low 80s from ocean city to cape may, as you lift to the north with the wind coming in from the atlanticic ocean it's mild at 79 degrees most temperatures are below average for this time of year low 80s are but feeling uncomfortable out there with the spike in the humidity, as we look to the west there is a spin diving in from the great lakes and it pivots in through today and tomorrow and that is just enough energy to spark a shower or thunderstorm one comes in after midnight in spots and then again tomorrow afternoon. for your wednesday the low develops to the east, and tomorrow afternoon it looks like philadelphia to the south and east of new jersey, that sees the downpours or thunderstorms, and after midnight anyone is fair game and hi

joe: this is another good macro read on econ and commodities.lide ton record lows, and investment in global tech companies. ♪ i am emily chang, and this is "bloomberg west." decided towhy square go public now. plus, the largest technology companies pledging to cut their andon prince in a big way,

county the damage was straight lined winds from a micro burst the other day in gloucester county was macro burst it's a little bit wide wider. i always tell you it only takes 30 seconds of a strong wind gust to knock down trees and cause the problems we have. here comes the cloud cover on future tracker, you can see by 11:00 or 12 we'll develop showers in the southern half of the region. it's not that we can't get clipped in philadelphia, but it's going to be farther south. northern suburbs maybe a spritz up there. by 6:00 p.m., it's exiting the coast. in philadelphia, sun giving way to clouds, mainly dry 81 degrees by 11:00. 2:00 p.m., 83 high of 84, probably by 3:00 p.m. back to the low 80s by 5:00 p.m. 82 in trenton. # 4 in -- 84 in philadelphia. probably in the 70s in the southern tier with the rain coming through. not a total washout down the shore, but not the best of days. if you have rainless conditions as you want to get in the water keep in mind there's rip currents down the shore, not the best day on the beach with the showers and thunderstorms. down south in rehoboth beach beth

remember we had a macro burst it's the same thing it pushes winds out ahead of it, a micro bust is smaller. this was about 2 1/2 miles wide. and shorter than five minutes in duration, but it only takes 0 seconds for the wind to do damage with a winds gust and that's what we had. we have no severe weather between now and 1:00, we're looking at showers and thunderstorms crews into the southern portion of the region. at times as we move through the afternoon there could be something that gets close to philadelphia and comes through briefly, but most of the action will will be closer to the shore. at 6:00 we're winding down along the coast. there's slight chance of severe weather to the south in sussex county, delaware. all of us are looking at garden variety thunderstorms. it might be clouding up by 9:00, 2:00 p.m., high high of 83 and 3:00 p.m., 84. 81 in allentown, 82 in reading. in trenton. staying in the 70s. if you do have a portion of the day where it's dry as you want to get into the water be careful only swim near the lifeguards because we're looking at rip currents on the water once

the national weather service said it was not a tornado but a macro burst of winds that came through. >> my insurance company has been good, but it's been slow. >> some of the approved funds will prevent storm damage in the future. >> the damage from the storm was incredible. >> reporter: no storms today high pressure wanted to a dance? storm tracker 6 live double scan showing you dancing weather this morning, on yore way into work -- on your way into work. lots of pretty sunshine beautiful organses and yellows on the ben franklin bridge this morning as the cloud cover is beginning to erode looks like it will be a nice, bright start. 71 degrees in philadelphia. dewpoint, 53. nice and low. winds out of the north northwest coming from the right direction drawing that dry air in. you'll see the clouds evaporate. i think it will be a day where we start out with a decent amount of sunshine. it will be warm with low humidity and nice overall. the day planner from accuweather, 72 by 8:00. 79 by 1 #. 84 by 8:00. high of 86 around 3:00 p.m. we'll be in the mid 80s by 5:00 p.m. cool drinks if y

on a macro level, she is talking about the economy.n a micro level, every one of these things she is proposing is positive. the danger is she is going through politically. big government -- almost everything is not a third way between democrat and republican. big new government programs and regulations. she is leaving herself very vulnerable. john: at this moment, these are serious and substantive proposals. they are mostly not just talking points. if you have a minute today check out bloombergpolitics.com. check out the chris christie campaign second tv ad -- protect america. the subject, iran. the imagery, scary. mr. christie: president obama gave away the store to the iranians. he has negotiated so badly, you don't want this president to buy a car for you. the number one priority is to protect the united states of america. i'm chris christie and i approve this message. john: it is crazy. what does this ad say about himself, the views of his rivals and the electorate? mark: i cannot believe that he is saying he has at least some expe

. >> not that much going on macro economically. what about apple though? is it able to save the day? reporter: apple currently is not out and it might save the day especially tomorrow. we might see that stock at going through the roof if apple managed to beat expectations are ridiculously high. wall street is looking at a revenue of 31% and profits up 35% over last year. so that would be quite an achievement. and if apple manages to get over that bar then we will certainly see a strong move to the outside tomorrow. reporter: what are consumers expecting from apple? reporter: aside from the numbers, it is mostly two things. how is the iphone doing? generally the second quarter of the year is the weakest for the iphone. however wall street till expects a record revenue for the iphone of $30 billion, and that is because the map and china is supposed to be a lot stronger than ever before. at the same time, the first quarter for the apple watch to be on the market. this is the first time we are getting numbers for the apple watch, and of course everyone is exci

. >> not that much going on macro economically. what about apple though? is it able to save the day? reporter: apple currently is not out and it might save the day especially tomorrow. we might see that stock at going through the roof if apple managed to beat expectations are ridiculously high. wall street is looking at a revenue of 31% and profits up 35% over last year. so that would be quite an achievement. and if apple manages to get over that bar then we will certainly see a strong move to the outside tomorrow. reporter: what are consumers expecting from apple? reporter: aside from the numbers, it is mostly two things. how is the iphone doing? generally the second quarter of the year is the weakest for the iphone. however wall street till expects a record revenue for the iphone of $30 billion, and that is because the map and china is supposed to be a lot stronger than ever before. at the same time, the first quarter for the apple watch to be on the market. this is the first time we are getting numbers for the apple watch, and of course everyone is exci

okay let's get some analysis with an economist with macro a think thank based athens and also a former member of the european task force in greece, thank you very much for speaking to us this morning, i can imagine just how busy you are there in greece, what are your thoughts on this deal? >> i think it's actually not a deal nor an agreement. >> why is that? because basically greece had no sovereignty over the process and the final touches. i think now the greek prime minister travels back and as you likely say he has to now convince his own coalition and most importantly the greek public. and they will bite, they will hurt in terms of tax increases and direct cuts in pensions and other labor markets or property service reforms. it's a difficult sale and a high-risk political strategy for this government. >> do you think the greek parliament, the people like you say have any option but to agree to these proposals? >> they have no options and that's why this is an ultimatum. thisthis is a take it or leave it sign on the dotted line. this is in many ways a hugh humiliation early in your

when we look at the macro conditions in china, we couldn't be more positive.he revenue from china doubled year-over-year and yet it fell as a percentage of total revenue. how significant is that? brian: it's a good question. people love fanatics. they want -- they love thematics. they want to tie this into china, but we don't see that at all. this is aligned with the chinese lunar new year. we are seeing growth because of that. we've seen nice over year growth in t2. it did not match q1, but it is still phenomenal growth. emily: should they be worried about volatilities? brian: i would say they should not be at this point. china is still a greenfield opportunity for apple for a number of reasons, especially with the iphone. it's a mostly entry-level luxury product for this entire aspirational middle class coming online in china, looking for ways to show their new status. nothing says it like the iphone. emily: brian bagram -- buchwald. thank you so much. we will continue to watch those apple shares as they move. coming up, new york city mayor bill de blasio ma

joe: this is another good macro read on econ and commodities. that is all.for watching. ♪ >> from our studios in new york city, this is charlie rose. mr. -- misty copeland is here can you last month she became the first african mac in woman to be named a principal dancer in american ballet theatre's 75 your history. the news came just a few days after her new york debut in the role of odette in swan lake. she began her training at the in usually late age of 13 and in the two decades since, she has overcome numerous obstacles to achieve the highest honors in dance and become a rare, pop-culture celebrity. here's a look at her