nikos: -- manus: and i'm manus cranny. francine: talks have this morning resumed between the greek prime minister tsipras and the country's creditors. it comes after a long night of talks in brussels failed to produce a deal in the standoff over bailout aid. >> discussions yielded little progress. joining us for more is hans nichols in brussels guy johnson in athens. more talks started early this morning. 6:00 a.m. when they started the technical talks. now leaders in discussion. where are they? hans: well, they are still in the meeting. this is a meeting between lagarde and draghi. that meeting started about an hour ago. they had about eight hours pause in there when the meetings broke up at 1:00 a.m. last night. what could have changed in those eight hours? maybe everyone got a little rest or went back to their negotiating teams and thought of new strategies. the euro group of finance ministers are supposed to meet at 1:00 here. their meeting last night was basically cut short, over before it began. the old plan was to h

manus: i am manus cranny. here are the top stories.s anshu jain and jurgen fitschen will step down. former ubs cfo john cryan replaces them and will work with jurgen fitschen until his department next year. francine: deutsche bank shares soar on the news. a standoff with creditors continues. the greek banking system is secure, according to the finance minister. >> it seems to be under control. the people seem to be well supportive of the current period, taking into account the economic situation. we do not face any real problem in the banking sector. manus: turkey j.k. rowling ak party has lost votes in parliament. it is a blow to the current president, erdogan. turkish stocks are plunging on the news. francine: jonathan ferro has more. jonathan: we pull back this monday morning again. the ftse dead flat. it would be lower if it were not for a speculation of a takeover. the dax is off by 4/10 of 1%. it would be lower if it were not for this. i will show you the big mover this morning. deutsche bank stock over 6%. over 8% at the open. a

manus: cut, hold, or raise. the oil price is set for the largest weekly drop since march but opec won't act to reduce the market glut as it needs in vienna today. mark: hello. welcome to "countdown." also coming up today, turkey nday. the president's party hopes to win enough votes to amend the constitution and boost his powers. we speak to the deputy chair of the main opposition party days before the tightest election in over a decade in an exclusive interview. manus: greece has become the first country in decades to defer payment to the imf. prime minister tsipras told imf greece would bundle payments into one lump sum totaling 1.5 billion euros due later this month. it also rejected the latest creditor proposals for a deal. for more, let's bring in vassilis in greece hans nichols in berlin, and jones hayden in brussels. what is the delay in the payments? >> greece made a political decision to escalate things. during this and game, we are in some sort of blame game. greece has always been careful pointing the

manus: uber arrests. take two executives into custody after violent protests against the company. a very good morning to our viewers in europe. good evening to those in asia. welcome to those waking up in the united states. i'm manus cranny. francine: i'm francine lacqua. this is "the pulse." manus: coming up -- francine: first of all, we are getting breaking news in terms of eurozone figures. mark barton is standing by with the latest. mark: we have positive eurozone inflation for the second month. it is an increase of 0.2%. may's was 0.3%. still way below the ecb target of 2%. unemployment remains at 11.1%. i have made a nice chart. the red line is consumer prices at zero. the green line is this cpi at 2%. the 0.2% figure is well below that level. look at unemployment in the eurozone. we have come down from a high at 12%. we are at the low for the last two or three years. it is still well above the level we saw in 2009-2010. nothing too exciting. everything in line with estimates. francine: it is deadli

manus: i'm manus cranny. francine: and i'm francine lacqua. manus: it is a big day. greece has shut the banks. this is an attempt to avoid a collapse of the financial system after a tumbled to as weekend. francine: the weekend saw talks with creditors break down and the european central bank freeze its lifetime to the country's banks. we are live in athens with guy johnson. elliott gotkine also is looking at the mood on the ground. hans nichols is in berlin. elliott, withdrawals are limited to 60 euros. that is the only amount that a greek person can withdraw from atms. elliott: that's right, francine. prime minister tsipras asked for the patience of the greek people. it seems pretty patient right now. over here, we have one branch of national bank of greece in the center of athens. the problem is not so much that greeks can only take 60 euros per day. the problem is that you can't even get in because the banks are shut. they are going to stay that way for the week. there were people traveling to the airport specifically to take money out of atms. there were two ther

manus: can i just interrupt you here. it is manus here.o get to the rub of what is causing the lack of agreement. is it that there is no debt relief on the table? is it that it is all about tax? is it that there are certain positions? what is the stumbling block, five months of negotiations. what is stopping the deal? >> lack of hard data and things on text. you can't get agreements by just word of mouth. and the first time we're seeing a document on paper, what we'll call a hard copy of what the greeks want we were just getting yesterday. they don't carry which is the closers. i think it is a political -- it is a question of how you can sell it to the greek parliament. that is the issue. it is not how much cuts or increases. it is how you can sell it to the greek parliament. and because there is absence of animation of debt the greek government finds it difficult to sell it. that is issue. hopefully today, all day today and tomorrow before we meet saturday evening, we can get closer in a package which gives some life to the greek economy

manus: i'm manus cranny. the vote hits prime minister against a populist anti-immigration policies and a divided center-right. we have got the analysis. anna: 6:00 in london. let's head to china. factory orders stabilizing. suggests the monetary easing could be questioning the economy. let's get more from stephen engle. good morning. reasons for optimism perhaps? stephen: there is. it is lifting the chinese stock market today. the shanghai composite index up some 2%. let's start with the pmi data. the latest manufacturing data shows that slow down may have bottomed out. that interest rate cut are starting to work into the real economy. the reading was 50.2. it is not a robust expansion. it is only slightly better than 50.1. within the pmi, we encouraging signs. output. new orders. new jobs. it indicates growth is stabilizing. the market is reacting to that. a separate pmi represented mostly private enterprise was also improved, but is still in contraction territory at 49.2. encouraging signs. anna: those pmi

manus cranny has that for you.ree of the decline in the european equity market. let's take you inside. we have a couple of big calls. london is down. volatility, if you look through

manus: i am manus cranny. mark: they agree to intensify their efforts.s is hans nichols who was it there. what did we learn? hans: i wish i'd been in berlin. we had to go five most important leaders trying to freak out what to their offer would -- trying to figure out what their offer would be. it is not offer they want to make sure they're are on the same a line. with angela merkel, juncker, christine lagarde, mario draghi and francois hollande. they agreed it must be continued with greater intensity. the closest contact in recent days and want to remain so in the coming days. we talked a lot about deadlines and ultimatums, it is unclear if june 5 is a role deadline stop they have a money payment due and they are willing to fudges that. they are very sensitive about really driving greece too hard. and some ways, they put out a red line. they want to make it possible for tsipras to compromise and have a landing path. we will see once you get any kind of details all the document they are putting together and maybe grab a conversation about an endgame. and

in manÚ, humans and nature appear to be in balance.ut a thousand machiguenga live in the national park. their number doubles every nineteen years. what effect does this growing population have on the natural resources here? >> these people need protein. they get that by hunting and by fishing. this way is very sustainable. and yes, they don't have refrigeration here. they fish what they need to eat that day. there is no point in catching tons of fish. there is no market for selling it. they share what they catch. if he catches one of the large catfishes now, that will feed his family today and there will probably some leftovers for the people around them. so they don't need any more than that. fish is not always available. forest animals offer another important source of protein for the machiguenga. only the men go hunting -- with bow and arrow, like their fathers and grandfathers before them. it might be easier with guns, but the park administration persuaded the hunters to do without firearms so they would not kill too many animals t

manus: a whole lot of work still ahead.rkel's warning on greece as she hosts the g-7 summit in bavaria. francine: turkey's currency and markets tumble as the ruling party loses its parliamentary majority in a vote for president erdogan. welcome to "the pulse"

manus? manus: thank you very much. we actually have a coughing fit about to come on.vel, you get cold. half $1 billion is what has been raised with huge names, qualcomm, virgin come all the big boys for one web. richard branson joins me now. sir richard, i believe this started on your island. you got together with greg and you discussed this. what was the draw? richard: well, most of my time is now setting up for-profits. this combined the best of both worlds. he gave me this pitch connecting the 3 billion people who were not connected and he also said, you've got virgin galactic, you can help us put the satellites up. and perhaps they will pull it out of the sky in five years time and you can replenish it. that is something virgin galactic can do. it seemed like a win-win all around and i am delighted to say , yes. we begin a founding child. manus: -- i really got the sense that this is about return on equity and about connecting the far distant parts of the world and the benchmark is going to be schooled, so there is a certain amount of relationships and giving back

manus: what has a reaction been? is it grandstanding? what is the overall reaction? jones: it seems a lot of people are proud that they are on this list. they have gone on twitter and said they take it as a badge of honor to be designated in such a way. but for the eu, they say there's no legal basis for this list. the russians are still technically keeping it confidential. they say it is not to be published, but they had given it to the eu so they could plan their travels and they don't get stopped at the border. what happened if a german official was stopped and dad axis into russia? this has happened several times in recent months -- and denied

manus cranny sat down with the outgoing cfo. he spoke about crucial issues.s ever a moment during the demise of lehman's that he considered buying some assets. >> i was personally at the table in the federal reserve in new york working through it. there have been a number of looks written about that. i find looking back it seems like there is a lot of history that is actually quite different from what i experienced in terms of what happened that weekend. our focus was on trying to work together with the industry to get to a solution. that was something we work very hard on and ultimately came up with solutions that didn't work out for various reasons. that was the big focus rather than looking at it as an individual firm working to come up with a solution and making sure we were able to manage a tumultuous fallout. for me it was a very challenging time and one where you had to manage the business minute to minute. this was a very short time decision-making time for the business. if you are looking at acquiring assets at that point it was hard to know exactly

for the very latest we are going crannymberg's man manus in london. manus: very good day to you. bit like the scarlet pimpern el. greece, it is for rather elusive. to5 billion euro payment greece would extend the bailout in november, but the greeks have apparently said no. autos, banks, and telecoms lead the charge. the risk is that you could potentially go home to the beginning of the deal for this parliament and this city, which is greece. the national bank of greece, efg , and alpha bank -- the point is monday if there is no deal, you could see capital controls. if there is a deal, it could be that banks were you see the best rewards. pimm, the usa, are biggest single shareholder in the greek stock exchange. i grant you, it is the size of a medium-sized company, but no doubt about it. money every day this year has gone into the etf that follows the greek banks. a friend of bloomberg, a commentator, -- they had a downgrade today. from sanford bernstein, underperform. potash,these guys make fertilizer, makes everything grow. could they or will they accept an offer from potential

covering the week manu ra rue senior political correspondent for politico. nancy youssef senior national security correspondent for the daily beast. and juliette eilperin for the -- "the washington post." michael scherer with "time mats magazine. >> covering history as it happens. live from our nation's capital, this is "washington week" with gwen ifill. corporate funding for "washington week" is provided by -- >> we asked people to tell us something that happened in their past and something that might happen in their future. the good things were put on yellow magnets and the bad ones were on blue. the future was almost all good things. now that you've seen the results offer this experiment what does it mean to you? >> we want to think of positive things. >> realisticically there will be down time. >> it's great to think optimisticly. but let's plan for whatever the future might bring. >> additional corporate funding for "washington week" is provided by boeing. additional funding is provided by newman's own foundation donating all profits from newman's own f

manus cranny has that for you. manus: this is day three of the decline in the european equity market. let's take you inside. we have a couple of big calls. london is down. volatility, if you look through the day three of the stock market dropping volatility -- traders believe in 3-6 months you will see less volatility. alexis tsipras had a swagger in his departure in the news conference when he said the bill was paid. they say the stoxx 600 will be up. let's see what is driving the system. you have the national grid down 4%. you have nice load factors. the total volume of passengers is up over 6.4 there is one thing that is driving this as mario draghi said get used to it. bond yields are ratcheting higher. the biggest move since 1998. this is the biggest move on the bloomberg reference since the birth of the euro. there is more to go. these are not that fairly valued. i loved what mario draghi said wouldn't it be a high-class problem if you had to start talking about withdrawing from liquidity. a couple of individ

manus cranny, over to you. manus: it is lower opening for the equity markets. it is all about the bonds. that is what it is all about. we are touching back to the higher quarter, almost at .90%. stephen major from hsbc will go through the master nation. -- masturbation -- game theory. greek government bonds again back to serious levels. the bond route is something that is frightening. frightening bill gross he is scared. then again, as someone said what is everyone clapping about? treasury yields are met -- here for most of the back half of 2014. there is a nice in these bond markets, that will be the consensus in terms of people seeing this as an opportunity. look at insurance companies which are rising. let's look into london and see what is driving training. -- trading. will they or won't say dance with john malone, if they do, who will be the winner westmark -- winner? vodafone up 2%. go back to bloomberg.com and there is an interview with mike greg. there have in a mishandled number of ppi claims. they cooperated and went early with the sca. the news is th

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it's one of our flagshipfirst five california,ou go home because babies don't come with an instction manu>> they don't. >> so the kit has children's books but also has information and resources for parents on what too for immunizations and ccinations for your baby. what to do when your baby is sk. really fun actities to do with your baby. it's just -- it's something that ha been so successful. people can't get enough of them. they call in andsay, i've hea about your kit, how do i g them? >> very successful. >> and you are mom and now a new grand mom. >> i am. >> did you raise your kids this way? i did. all of my graduate workis in literacy andanguage development. my boys were read to and sung to and talked to -- i don't know how much they loved it but i loved . d they are wonderful adults today and moldest son has a 1-year-old dghter, brooklyn, and sheas -- she's surrounded by loving adults who talk with r and read with her d sing to her. she is a kick. she is bling and engaged and hpy. i know she'll be brilliant. >> i love your passion for this. thank you so much for bng re. >> my pleasu

kennedy: before manu. >> he was a wonder kid, everyone of in awe, next week manchester united boughtim, it is good to have money. kennedy: it is incredible thing. you talk about, you pull up to parking lot there was a mercedes for you? >> yes, at man-united. you come to premier league, everything is handed to you, so you can perform, you don't have to worry about outside influences or worries that same goes for a car, i pulled up to training car, they -- draining ground, they gave he a car, that it is they give you so you can focus on football. kennedy: you deserve it. when you watch hockey do you feel for goalies? is there a difference? >> i don't want to disrespect them, but i would like to be a hockey goalie, you can give up rebounding defender clears it are away, but the puck is smaller it goes faster. kennedy: do you think henrik lundquist? >> no, but i like his style, i am a fan of his. kennedy: i am sure he is a fan of yours. you can stick around. >> i can. kennedy: he is going to teach he how to be a goalie. that is going to be rich. but first a look at kaitlin jenner's new s

manus cranny will be speaking exclusively. that is a conversation you will not want to miss.ff by 120 points. we will be back in jonathan: good morning and welcome back to on the move. 43 minutes past the hour. let us to jump to speed with some of the top stories. greece -- starting at midnight, the country rescue program formally ends. suppress says this tsipras says eu will not kick greece out of the eurozone. -- the shanghai composite closed 5.5%. the move came after they told investors to stabilize the market. discussing a nuclear deal on iran. a self-imposed deadline. they see a path to a deal within reach. curbing its nuclear program, iran would get released from sanctions. let us get the latest with locksmith -- with locksmith manon. the question i asked softly will be see a deal today? >> that is the million-dollar question. i think we will see a deal, that is looking more likely than not. today is june 30. the iranian foreign minister is only arriving in vienna. it is unlikely they will be able to work out the hundreds of details that have to be worked out. we are he

manus: the markets react. the euro falls and volatility surges. the risk of grexit moves further. francine: china enters the bear market as themanus rate cut fails to stop the rock. regulators are said to consider suspending ipo's.

manus: it was the op-ed over the weekend, talking about hemingway, talking about the potential cataclysmic impact. look at that. that was the dax on friday. it actually wiped out the entire gains made in may. that gives you a sense of what was going on. this week it is about inflation data, and germany will be first up to give their inflation data and we are expecting the first rise in seven months. on friday, jobs data and standard chartered. opec, they are meeting. that would be a little bit later in the week. hsbc, the purchasing managers index, the official data showing that with the hsbc market. stabilization seems to be the consensus view in china. we just at a conversation. they love the chinese stock market. i think they can say that about mortgage backed securities. and lloyds at half of a percent. 30.6. they are going to have a retail offering. that is going to come a little bit later. they have recouped 10.5 billion for investors. and the drugs are in focus today. one of their drugs for breast cancer showing good signs at constructive test data. astrazeneca has a lung cancer dru

. >> reporter: roof seen on surveillance video, entering the ee manu wall meth dit episcopal church allegedly opened fire on a bible study meeting. according to police roof spent more than an hour attending the bible study before opening fire on the group. officials believe it was a targeted attack. >> in this case there is absolutely no doubt in my mind that it is a hate crime. >> reporter: eight people were killed at the scene, one victim later died at a nearby hospital. >> no warning at all. no warning at all. >> reporter: among those killed the famed church's pastor who was a south carolina state senator. >> he was a great senator but he took more pride in being a pastor of a congregation who relied on him for spiritual guidance. >> reporter: known as mother emmanuel, the church is the oldest ame church in the south dating back to 1860. a community now relying on nearly 200 years of strength to get through this dark and unimaginable chapter. it is a particularly difficult time for those family members who haven't heard from their loved ones who were at church last night. they are left awa

we also have a walk this year which luke actually renamed to the manu mile after his hero first lieutenant travis. >> he made the ultimate hero. >> yes. he's been his hero. after the 5k this is our first year we'll have a country concert by joe bachmann and the tailgaters. he's a philadelphia native. he's coming back to play for us. he's a lot of fun. a lot of fun. >> not only are you doing good but you really are -- you can go out and have a good time. >> you can have a great time. and this 5k is very unique from everybody else's because it's not about your best time. this is about going out there and supporting these wounded warriors who do the 5k in their prosthetics or wheelchair and cheering them on and coming together as a community. >> what feedback, what response do you get from the wounded warriors as well as the people who kam out to support them? >> they're very grateful. it's great for them to see different parts of the country. many of these wounded warriors are coming from florida and virginia and all over the place. so when they get to warminster, pennsylvania, and they see

he wrote a manu being irish he had a sense of tragedy which sustained him through periods of joy. joe biden has known genuine tragedy and yet found plenty of joy. yet in a way maybe a poet can understand, a sense of tragedy has returned. there was poetry in vice president biden's relationship with his son beau whose real name was the same as his father's and grandfather's, joseph biden. >> as your parents will understand, my dad's definition of success is when you look at your son and daughter and realize they turn out better than you. >> reporter: beau biden was already attorney general when he addressed the democratic national convention in 2008. >> i'm beau biden and joe biden is my dad. >> reporter: he and his brother hunter were seriously injured in an accident in delaware that killed biden's wife and daughter. biden, aged 30 had just been elected to the senate and agonized of his choice -- a life in the nation's capital or being a single father. he decided to be both. >> he was sworn in in the hospital at my bedside. as a single parent he decided to be there, to put us to be

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