i'm matt miller. sacrlet: i'm scarlet fu. matt: we have commodities challenge. it might not be good. we could see some big drops. let's get over to vonnie quinn at the breaking news desk. >> let's wait and see if there are any adjustments that need to be made. the analysts were looking for $1.11. the second quarter, upstream volumes increase. that is an increase there. refining results should benefit. we want to have a look and see whether refining margins can make up for lower crude oil prices in the case of exxon. second-quarter revenue, $74.1 billion. that is the number that we were looking for for revenue. once again, second-quarter earnings per share one dollar. $74.1 billion, second-quarter revenue. scarlet: thank you so much for that first read on exxon mobil results. we have alix steel. this is our moment. she is busy looking through all the numbers. this earnings per-share number. matt: versus almost three dollars last year. it is an amazing drop. alix: we do want to hear where the miss actually happened. the common theme for earnings has been productio

matt: have you downloaded it yet ? >> no. matt: are you going to? more of an apple user at this point. matt: thank you. health care stocks have been on fire but are they getting ahead of themselves? next, and expose a conversation and we will find out why they give you the details in the numbers. stay with us on bloomberg. ♪ matt: this morning, henry schein reported profit and revenue below the estimates. as it can see on the screen, not a big mess but nothing to write home about. stanley bergman ceo of henry schein joins us from paris. stanley, just a little bit below on both lines there. in fact, i would say pretty close in line. what happened? stanley: well, i think we are in line with our consensus from analysts that cover us. we had a pretty solid quarter. the markets we are in are quite healthy. the patient traffic is good and our topline grew to just four next to buy about 7.5%. actually, our upper margin grew about 45 basis points if you take into account certain one-time expenses and net result was about an 8% eps growth. having said that,

. >> matt: tuivailala.ue tied. to seconds kozma takes over at second base he will bat fourth and jung ho kang to lead off. >> john: he certainly got his pirates back into it with a double he turned into a triple last time up after reynolds hit the home run to go ahead. >> matt: sam tuivailala making his fourth appearance of the year, been up and down a couple of times from triple-a. sean rodriguez waits next. a terrific play to end the previous half inning. kang's swinging for the downs. >> john: good adjustment on the slider right there. first one backed up for a ball, comes right back and makes the turn on that one. >> matt: there is not a lot left on the bucs' bench. in fact, no position players at all. >> john: these are the games i dreamed of as a pitcher. starting pitcher nothing to lose only a chance to be a hero. pinch-hit or something, play center field. came oh so close to doing it but never got a chance to play center field. couldn't get that last guy kick kicked out. >> matt: when they ran out o

matt: i am matt miller in for erik schatzker. ahead, another big deal in health care. amazon actually posted a profit is now the time for investors to jump in. stephanie: we were not sure if we were going to let him back in next week and he did it on live tv. wise move. hillary clinton wants to talk about the " tyranny" of today's earnings report. what that could mean for wall street and the economy, coming up in just a few. matt: top stories, it is a deal that may create the biggest health insurer in the u.s. anthem has agreed to buy signal for $48 billion in cash and stock or presenting a 22% premium. the deal caps on must a year of negotiations that frequently were unpleasant and since a wave of consolidation in the health insurance industry. at&t is on the verge of winning regulatory approval for its $49 billion takeover bid of direct tv. bloomberg north -- the bloomberg report said many commissioners have voted to favor the deal. the justice department will not challenge the deal because it does not pose a risk to competition. stephanie: president obama will land

matt: i am matt miller helping enjoy those commercial breaks. about under armour coming up, which will be special as well. stephanie: how about some top stories? in one hour, john kerry will be on capitol hill to make his case to the iran nuclear deal. he and other officials will testify before the senate foreign relations committee. congress has 60 days to review the agreement. president obama says of lawmakers reject the approval, he will veto the resolution. the fewest americans in more than 40 years filed for unemployment benefits last week. jobless claims plunged. they had been rising due to major auto shutdowns and school vacations. matt: gm as you have not seen anything yet. second-quarter earnings beat analyst estimates. sales were stronger in china as well. the ceo told us all of this does is set the stage for the next six months. >> our performance has been driven by strength in north america and strong performance in china. we expect to see that continue in the second half of the year. that is fundamentally underpinning our expectatio

matt: i am matt miller, in for erik schatzker. i missed you yesterday. stephanie: you had me for a a while but i had to get ready for the big dog. a little for you. what do you get when you combine mark zuckerberg, donald trump, and janet yellen? hot, hot, hot and besides that, great cover stories to cover this thursday morning. matt: i get it now. looking forward to that. my favorite story of the morning did you hear top gear, the guys who made the most watched show in the world, got a new deal? and it is not on traditional tv. stephanie: before we get to that, hold on a second. matt: i have watched every single episode. stephanie: any medium? matt: on my phone, tablet, tv, on a plane, in a train. stephanie: green eggs and ham. matt: i have been watching it for a good decade now. it is a fantastic show. the presenters have had some issues. but now -- basically, it has turned an internet retailer into the maker of the most watched show on tv overnight. so it is pretty insane what amazon has got here. stephanie: there you go. okey-dokey. did you just give

matt?t: time now for our top stories greece is ready to compromise now but the rest of the eurozone not on board yet. telik creditors he is now willing to accept their latest proposal. it does have a few sticking points. discount to the greek islands. that may be enough to derail the deal the fact that they waited this long and pushed a referendum to do it. the door remains open, but he says the latest offer is not a basis for serious the negotiation's. they kind of want to see the referendum go through as well. just a few minutes ago on the labor market adp says private employers added 237,000 workers more than expected, plus adp revised up slightly. tomorrow, the government comes out with a june jobs report earlier than usual because of the fourth of july holiday weekend. stephanie: a big takeover in the insurance business this morning. we mentioned it is kind of an understatement. i would say jen or miss. known for ensuring mega yet's and mansions. more than $28 billion in cash and stock

matt: i am. stephanie: -- matt: apparently dr.ss makes a ton of money still because he and his state make good investments. get his estate make good investments. stephanie: i am glad he is successful. matt: it is like dr. suite so german kids can love it. let's turn to for an now. they exceeded analyst at locations thanks to demand for the new f-150. a 44% surge in profit in the second quarter. some say today's results eased pressure on the second half of the year. jeff joins us now from detroit. thanks for your time. let me first ask, you have to get your head around the fact the earnings are driven by the f1 50 on the one hand and ford sold 21,000 fewer than they did last year. jeff: good news and bad news with the f-150 story. a slow ramp up. it has been expected, but it continues. that really will not resolve itself until well after -- well into the third quarter and the fourth quarter. when you look at the surprise in earnings right now, it does ease pressure on ford and some of the critics out there. obviously, there is stil

matt was an escaped murderer.that we know about, killed his boss in a dispute and dismembered him. >> one guy down. >>. >> reporter: law enforcement rush to the scene as word spreads that richard matt is dead. [ sirens ] >> reporter: but where is his accomplice david sweat? >> we are going to space it out 20 feet down the line. >> reporter: a perimeter is set up as investigators comb the area looking for any sign of him. but as the minutes and hours drag on, there is no sign of david sweat. and it is starting to become very clear that the manhunt is far from over. >> we have no reason to believe that mr. sweat was not with mr. matt at the time, but we don't have any confirming evidence that he was either. there are several leads that are being tracked down as we speak about mr. sweat and his possibility whereabouts. >> reporter: law enforcement quickly moves to track down those leads and close the perimeter, hoping to get david sweat to surface. >> he's been on the run now for three weeks. he's tired. he's fatigue

matt: phil matt in the joins us.he chad -- the fed chair will be testifying before the senate, and she had to face house lawmakers yesterday. ?ow did she do it will always be raucous, but her message was cautious about the u.s. economy. take a listen to what she had to say. economyllen: the u.s. also might snap back more quickly as a transitory influences holding down first-half growth stayed and the booth to consume -- boost to consumer spending because of lower oil prices shows through. phil: more of the same today. question and answers, and things tend to get exciting for but not as exciting as in the house. 60 lawmakers who have strong opinions. some do not have the best grasp on the subject matter as well. always entertaining on the house side of things. mark: [laughter] that is an understatement if i ever heard one. speaking of which, does the testimony, the back-and-forth, -- meaninged meeting because it is a presidential election season? phil: i think it does, but in the house there always of war reelection.

matt: i matt miller. erik schatzker is on his way back from greece. stephanie: in this hour, we would take you on a world tour. matt: companies mentioned include apple, disney, ibm, samsung, and starbucks, so stay tuned for a packed hour of news. stephanie: we have a lot going on. i want to kick it off with the top news stories of the hour. european leaders are running out of patience with greece. i will say that is an understatement. alexis tsipras is in brussels today for a eurozone summit. it is a last-ditch attempt for him to get a lifeline from europe and keep greece in the euro. angela merkel says time is running out. >> we have shown much solidarity with greece. our last offer in the negotiations was a generous offer. on the other hand, in these times of challenges, the refugees or terrorism, europe and only be strong in every country has results ability. stephanie: european leaders have to decide. those negotiation's over iran's nuclear program have been extended yet again. john kerry and his iranian counterpart held talks in vienna until earl

matt: and i am matt miller in for stephanie ruhle. erik: the imf's david lipton christine lagarde, his boss, said greece needs that were debt releifief more than what has been considered. matt: did she say relief or reduction? i am pretty sure she said reduction, although the spirit is the same. erik: a distinction with a difference. greece is at the top of our headlines this morning. lawmakers and germany's lower house, the bundestag, approved a bailout the plan passed easily and fact. the parliament debated this plan and heard a strong endorsement of it from chancellor angela merkel. the a package is for $94 billion. approval was expected. merkel closing party holds a majority in parliament. the head of the vote, she said it was their duty to help greece. chancellor merkel: i know many have doubts and worries about whether this'll be successful whether greece has the strength to criminally go down this road and nobody can wipe beside those worries, but i am convinced of one thing -- we would be grossly negligent, even irresponsible,

matt was shot and killed.ipadvisor you've always trusted for reviews, book! now checks over 200 websites to find the best price? book...book...book! so don't just visit tripadvisor... book at tripadvisor. another day shackled by wires. how long do we have to keep untangling for just a little taste of power? who knew charging could be so... draining? you can keep plugging away... or, you can change the way you charge. the samsung galaxy s6 and s6 edge, with built-in wireless charging capabilities. >> three weeks after two prisoners pulled off the most stunning break, one of them is still on the run. by now, david sweat knows richard matt was shot dead by authorities. and he also knows he could be next. >> we're going to follow every lead. anywhere within the county or looks like it might have some credibility to it. >> search teams are hopeful they're closing in. they find a camp near route 41 in franklin county. close to where richard matt was killed. two days have passed since then and sweat is still nowhere

true to form, matt starts to freak out but sweat stays level headed and convinces matt to follow himo the darkness and disappear. >> i had a horrible feeling the whole time. they had absolutely nothing to lose, two confirmed killers with at least three bodies between them. >> reporter: in the meantime, joyce checks into a local hospital. the next morning, a massive manhunt. 1,600 members of law enforcement. in the air, high-tech gadgetry. on the ground, old-fashioned house to house searching. >> you had to keep it in perspective so you didn't become overwhelmed. >> reporter: acre after acre of deep woods. >> this is nothing. >> you could run into a bear's den any place. >> reporter: bad weather rolls in. cops are chasing more than 2,500 false alarms from mexico to canada. this is it? what if the killers were to stumble into a cache of weapons? the woods are dotted with unlocked hunting cabins. food, clothing, and guns. lots of guns. >> that would have been our biggest nightmare. >> reporter: from the start, officials thought it was obvious that someone had to help them. >> how did th

matt: that is mr. robot.tory i am watching closely judd testing is normal for professional athletes, but for professional gamers it will be something to expect as well. though being policies will be enforced for professional gamers. this is huge for the industry and could be a sign that this is evolving into a main form of competitive entertainment. coming up tesla shares can they break $500 by the end of the year? and honda unveils its first vehicle with android auto. that is next. ♪ matt: now to the daily bite. the number is 380,000, that is the number of honda accords sold last year, the top-selling car and california. the giant has big plans for the next generation of this model. the 2016 a court will be the first to offer android auto and apple play. they hope that the high-tech will attract younger buyers. >> this is the same customer that buys this car, the ones that want tech. so we will be supporters of those under the age of 35. matt: they unveiled the new accord yesterday with google and apple work

matt: i am matt miller and i will be here all week. stephanie: i said to let's get it started in he said, let's greece this take. i do not like that expression. matt: mark crumpton, that is his expression. stephanie: a world of pain this moniker china's shanghai composite down. we will watch that asked we move the opening bell and just 90 minutes. i do not think we'll see green anytime soon. matt: a $40 billion deal this morning. and a site that brings business travelers to their knees laguardia airport on monday morning. it is so vast that the vice president of the united dates jumping into help here we will hear that plan coming up. stephanie: until then, i'll give you the top news stories for the morning. i mentioned it earlier. stocks in china earlier today. the benchmark shanghai composite index, 8.5%, the most since 2007. investors are growing concerns the chinese government may end those unprecedented steps it took to prop up share prices. earlier this year on bloomberg television, the head of the council on foreign relations ca

matt: i am matt miller in for stephanie ruhle. greek lawmakers again today and bank of america doubles profits. erik: all of that ahead and plus, you know him as the man who tweeted as ts elevator and he has a new book "straight to hell." we will be doing fact checking with john with their -- john lefevre. matt: let's begin with some of the news you need to know. erik: bank of america more than doubled its earnings in the second quarter. u.s. banks profited -- posted profits that beat estimates. here is the big factor bank of america says it is down by 7% from one year ago. investors are waiting to hear what janet yellen has to say about interest rates and other things. a couple hours from now, the fed share goes to the capital for the first two day of testimony on monetary policy. it will probably -- last week, they said it would probably best to raise interest but they may not raise until early next year. you can watch it live starting at 10:00 eastern time on bloomberg television. the prime minister of greece is counting on opp

matt: i am matt miller in for stephanie ruhle. we will get wells fargo earning numbers as soon as they cross, we will break that. erik: the president got his deal on restricting nuclear's -- iran's nuclear program. low congress sign on the dotted line? we will sort all of that out this morning. matt: we will. bonnie -- vonnie quinn has the breaking numbers. vonnie: 103 in terms of earnings per share. that is right on range. doing pretty well. $5.7 billion in net income. we are just beating estimates by a little amount. 103 the estimate was 102. 2.97% margin, slightly better there. retirement night -- $602 million , the headlines coming out fast and we will bring you some of the figures as soon as we get them. erik: wells fargo is one of the more consistent performers on wall street, beating earnings per share would be the seventh time in the seventh quarter. they are managing analyst expectations. the big issue for wells fargo is about the net interest margin. the net interest margin is almost 3%. wells fargo among the biggest ban

matt: good morning. let's get straight to our breaking news -- june existing home sales are out and julie hyman has the numbers. julie: sales of previously owned homes are rising to an eight year high in june, five point 49 million on an annual basis. that is a 3.2% increase month over month from the revision which was a little bit down of that. this number is for the month of june. closings, 4.9 million annualized rate with estimates at five point zero million. it looks like stocks are climbing to the highs of the session as we get these figures. we have seen the housing numbers improving and pending home sales have been improving so existing a lagwhich have a bit of have been catching up with the pending home sales numbers but the numbers are strong. matt: that's an eight year high. scarlet: this is the biggest part of the housing market compared to new home sales. matt: it's the part you care about. if you are a homeowner in america -- scarlet: people are saying yes. matt: let's get straight to a mark

matt: square has quietly followed to go public as the mobile payments market heats up. ♪ matt: this is special edition of "bloomberg west" from the east coast, i'm matt miller. coming up, amazon shares surge and bezos adds a fortune to his fortune. air traffic control for drones, why nasa is getting involved. tesla at $500 a share. is that crazy? lung board's -- longboard: wilcox. now to the lead, square has filed for public offering, this according to people with knowledge of the matter. square is in the mobile payments business. the platform was founded by jack dorsey, you know him as a cofounder of twitter. currently he is the interim ceo. last year the company processed $30 billion in payments from millions of merchant customers. it is expanding into other areas like business lending and payroll processing. joining us to discuss their future is leslie picker who broke the story for bloomberg news. also the cofounder of button. and on the phone is sarah frier, who covers both square and twitter for bloomberg news. leslie, why file confidentially isn't that suspect? leslie: because t

matt: let's take a quick look at the markets right now. stocks open higher after the nyse outage was solved yesterday. they have since come back and our trading now around session lows at 121 on the dow. we were up at 200 points on the dow earlier. just off the session lows at 2061. you are seeing red arrows but they are green if you look at the one day. shift inibly volatile crude gaining 3%. it had come down below $51 just a couple days ago. copper putting up again today as well. focusing on oil here. the big mover. down 12% the last month. a big drop for oil. scarlet: we need to look at treasuries because they were aware -- the 10 year yield rising for the first time in five days. we've had some calm overnight in asia that helped to encourage people to not bid up the safe havens. scarlet: or maybe they are selling them. scarlet: because they are not allowed to sell. euro-dollar little changed right now even as greek officials get ready to submit their proposal in a few hours. the dollar stronger versus the yen as the yen is also weaker

matt and stephanie? matt: thank you very much for that.ontinue to cover the breaking news out of washington. the jobs reports, and we will also continue to cover what is going on in the navy yard's here. a spokesman has confirmed shots were reported in the washington navy yard. nowhere that anyone there has been hurt. a lockdown is underway here. a gunman killed 12 people at the washington navy yard, the oldest naval installation. we are hoping no one has been hurt here, but we will continue to keep you updated on the story. stephanie: we will send you out to aspen, colorado. betty liu is therefore the annual aspen ideas festival. she is sitting down with the one and only cofounder of the carlyle group, david rubenstein. >> thank you so much. i am here with david rubenstein bright and early here in athens. great to see you this morning. let's start with the jobs report and the u.s. economy. we saw a dip. the number of jobs created. they were estimates of as much as 350,000 jobs for last month here the jobless rate continues to fall. where

matt: welcome back to the "bloomberg market day." i am matt miller.want to look really quickly at the tesla shares and we heard that elon musk was going to hold a conference call and announce something special. he talked about making a cheaper model company -- cheaper model, something with a rearwheel drive. he is now introducing the tesla in sayingt only with speed but with ludicrous speed and it can go 0-60 in 2.8 seconds. 2.1 g's.-- it will be so it will be faster than falling from a cliff, basically. horsepower, and when it is an ludicrous mode it will have 712 horsepower. federal authorities are not talking about a motive yet in the attacks that killed four bank marines in a tennessee. rs are interrogating the mother of the suspected shooter. he was killed after yesterday's rampage in chattanooga. the shooter was born in kuwait but was a naturalized citizen. two women were led away in handcuffs and the suspect's name was not on any federal watchlist. a federal investigator was also wounded in the attacks. the attacks were apparently two military

matt: i am matt miller. we hear from erik schatzker in athens. stephanie: it was a remarkable weekend for many reasons. fourth of july, my number one holiday. u.s. women's crushing the world cup. and the sunday vote in greece. matt: and the grateful dead. the final shows of their to her. it was crazy, because i was so excited about the greek news in a fascinating way, and then women's soccer was -- blew me away. stephanie: 16 minutes, four goals. i was biking on the reach. i could see every house watching it. an extra married -- an extraordinary moment for sports specifically women's. you go, girl. matt: we kick it off with our top stories. those are two of them. the next move may be up to greece after voters rejected more austerity. whatever greece does next, it will happen without yanis varoufakis. he has quit. he says there is a certain preference among european asp among european creditors that he no longer be involved in negotiations. alexis tsipras that the no campaign which received 61% of the vote. he called it a courageous choice . >> to

matt: good morning. i am matt miller.m pimm fox. 90 minutes into the trading day in new york. the bears are in control. stocks are lower. the dow jonelo

i matt miller.tories across the bloomberg terminal, president obama says that a secure retirement is a critical component of what it means to be middle class in is the president earlier today at a white house conference on aging. obama: we understand the whole terrain, not just the challenges but also the opportunities. not only the questions that we are asking today, but the rest and that we have to start thinking about for tomorrow. conference takes place just once per decade, we have got to make it count. so, one of the best measures of itscountry is how it treats older citizens. by that measure, the united states has a lot to be proud of. medicare, medicaid, social security. some of the greatest triamcinolone nation. when social security was signed into law, far too many seniors were living in poverty. matt: the president said that a lifetime of hard work should be rewarded with "a retirement that is secure and dignified." president, hehe is cutting the prison sentences of 46 convicts. he has is

matt: good morning. i matt miller. scarlet: i am scarlet fu. matt: let us take a look at the markets right now. we see losses continue across the board. there is a brief recovery in gains. now we are back down 30% or 60 point in the dow jones. s&p is down a little bit less. the nasdaq is down two thirds of a percent almost. scarlet: not so bad considering so many people were expecting much deeper losses giving apple's results. let us go to where you see more big losses, gold. it is the longest losing streak since 1996. goldman sachs predicting further decline saying that goal may drop even more. index stillities hovering near a 13 year low. let us take a look at the top headlines. without with housing because we have not seen the housing market like this since 2007. sales of previously owned homes rose last month. the increase more than 3%. home is notice of a as high as price ever, $236,000, of 6.5% from year ago. apple posted a record third-quarter profit but it missed estimates on iphone sales and revenue forecasts. investors areaid focusing

matt: i'm matt miller. crisis averted in greece, for now. it is not a done deal. that still has to come from the greek parliament and all the other parliaments. erik: another agreement needs to be reached on a bailout. matt: a new term i heard, "agr eekment." erik: it took me long enough to get my head around "grexit." two real estate developers will be with us. mort zuckerman william rudin and adam newton will be here. alexis tsipras the greek prime minister, surrendering to european demands for action. an agreement came after an all-night meeting. tsipras agree to spending cuts and tax hikes. greeks will have to transfer $55 billion of assets to a holding company that will try to recoup money in order to pay back the europeans. among other things recapitalizing greece's banks. angela merkel says it is time for greece to take responsibility. chancellor merkel: trust has been lost. we all know that paper is patie nt as we say. what will be important is to implement what we have agreed on doing tonight. erik: the attention shifts back to athens. tsipras' party may

ian: he's driven it well all week matt gogel.t's improbable that tom gillis with no top 25 finishes this season is even in this position. he'll try to give us an improbable ending to this year's edition of the classic classics. john deere classic bill: tonight on cbs begins with "60 minutes," exposing thousands of tax cheese, followed by a new "big brother. " cbs tonight only on cbs. that's where jordan enpped up off the tee. rough there on the right sitting up fairly nicely. david: he's actually sitting absurdly nicely, yeah. just looks extremely quick. he's had three of those jumpers already. ian: advantage tom gillis, even though he's 15 yards farther away he's in the fairway. he can control the flight of his ball from the fairway so much better. matt: a perfect 209 yards all the way back to that hole location. we had 222 and we -- yeah, we probably hit it about 200 about 12 short. 210. matt: well, he has pulled a 4-iron. going right at a 210-yard shot. ian: should be a perfect number for him. matt: it starts off right trying

i'm matt miller.o some of the top stories crossing the bloomberg terminal at this hour -- kicking off with reaction to the historic nuclear accord between the united states and it ran. the iranian president calls the country.hapter for his in a nationwide address, he dismissed claims the islamic republic sought to make atomic weapons under its nuclear program. benjamin netanyahu says the deal is a stunning, historic mistake. here is the israeli prime minister's speech at a news conference earlier today. prime minister netanyahu: by not must nuclearran program, this will give an unreformed, under pendant terrorist regime the capacity to produce many nuclear bombs. in fact an entire nuclear arsenal with the means to deliver it. what a stunning historic mistake. he also said that israel will not be bound by the deal and his country will always defend itself. staying in the middle east, the united nations has at least 142 civilians died from fighting in yemen over the past 10 days. the agency says the civ

. ♪ matt: good afternoon, i am matt miller here with alix steel.lix: let's go straight to a look at the markets on this friday. oh yeah, we're looking at a record a couple trevor google, but we are looking at a four day winning streak for the nasdaq, it is the longest since well, yesterday, actually. [laughter] alix: it is the longest four-day rally, but nevertheless, record levels on the nasdaq. matt: and also for google, it is having the biggest gains, and no matter which shares class you look at, they are having the sincet shares increase 2008. alix: we are at $15 billion ofed to the market cap google today. matt: isn't that the biggest gain in market caps ever? take a look at currencies here, you got some continued resilience. well here is, first of all, the pound. it is getting stronger. alix: the strongest level, i should point out, matt, since 2007. matt: it is getting some real strengths since the bank of england's saying they are starting to raise again and obviously, mario draghi talked about asset purchases, and the euro is i think showi

matt: more than kind of.k: because he could give us hints and to everybody why it is selig's important -- and we are expanding by it is so important but he could give us hands on what the european central bank will do with the greek banks which have effectively run out of cash. matt: what do you think, by the way, if somebody oh to $300 and you knew without a doubt, that person would never pay you back would you give them another $100? erik: no, of course not. matt: doesn't make any sense at all? chris: no, but now you are on the seventh, eighth, 10th, 12 and the money they will get in the bailout will go right back to the imf. it just goes in and out. but it is important to bring the banks back open. erik: i.t. super earlier bought so much attention but it is about the euro. chris: the historic event of the euro. they cannot print the drop,, it would take them two years. erik: my next question, from the perspective of a global investor, which is what you are, how important is it or not to maintain the eurozo

matt: a quick correction here. i was confused, the civil war ended was my great-grandmother's birthday. -- as many people and viewers pointed out, it is bubba watson who owns the original general lee from the dukes of painted with the confederate flag. he will be repainting it with stars & stripes. erik: to our right is julie hyman. julie: house if and without contemplating the significance flag. general lee's it hasn't been that long since we have seen a rally like this. all three averages higher on optimism over positive outcome in greece. isant to look at what helping drive this higher. cable vision reported in the --l street journal the child in chairman is interested pursuing an acquisition. may be interested in buying cablevision. cablevision shares of 7.6%. if i would need the sign-on of dolan family. there have been some positive analyst actions. they are kind of a mixed picture today. --have had a lot of reasoned of recent positive commentary. we heard from morgan stanley. i was the analyst that raised the

matt. >> thank you, matt. >>> breaking news.aught fire this morning will have to be demolished. the action cam is live at the scene in monroe township. authorities say the family was not there when the fire broke out on the 200 block of buckingham court at 3:30 a.m. it quickly spread to the attic which caused the roof to partially collapse. it took crews about an hour to get the fire under control. no one was hurt. no word on what caused the fire but again, we are told the home is a total loss. >> a wild two-hour chase led police through philadelphia and south jersey. authorities finally ended up clipping the suspect's van flipping it over and arresting their man. "action news" reporter chad pradelli is live at southwest detectives. he's got the very latest. good morning, chad. >> reporter: hey, tam, police brought the suspect back here to southwest detectives around 3 o'clock this morning after he had been treated at a local hospital for minor injuries. he now faces aggravated assault, reckless endangerment and other related ch

matt walsh, you're the best.will be right back. ♪ ♪ quakes who knew, lisa, that republicans like the grateful dead philosophy. >> >> this is something i've learned. i think there will be some republican candidates investing in tie-dyed shirts right now. at some point hippies grow up they have families, and they realize taxes are too high and they don't want the government involved. i think that is what we are seeing with this. phil: well, whatever it is, like fox news, we are trying to figure out how to tie the grateful dead and politics together. that is when we called legendary advertising expert dan -- van forrster, a huge deadhead. he just so happens to have some off the rack advice to give. fan -- van, take it away. >> van here, getting ready for the grateful dead farewell tour. it turns out democrats and republicans love the grateful dead. they just love them. i've got some advice for you. 2016 presidential hopefuls. check it out. ♪ rich man step on my poor head ♪ van: tennessee jeb. stuff that in your supe

matt: i have not. julie is correct in saying this is the first recall exclusively to fix a software problem that is open to hacking. there are thousands of recalls every day. you would have to comb through them and it would take at least a half-hour to do that. but i will after i get off with you. still, this is interesting because they did not have to do a recall. he did not look like they did. now looks like they're doing it to shield themselves from liability. because of what happened with the wired reporters, nobody was hurt, but it exposed a weakness in the systems. usby are offering a u.s. -- device in order to override or close this system's weakness. no one has been hurt yet because of any of this, no one has complained, actually, to chrysler until the wired article came out. so they are taking afford a step, a progressive step to try and give this in the bud before anything bad happens. this, youred guys did will probably have other people trying to do it, right? olivia: perhaps, but i think i

matt: i don't think so. we talked about spielberg's most recent union -- most recent movie, but the takeaway is about african american soldiers. that's a movie that also is about union. i don't think there is a comparable -- gangs of new york is a movie that is only set there during the civil war very but it really happens in the 1840's. john: you get a very confederate version of the union in gangs of new york because of the wonderful shot in new york where the immigrants are coming off the boat and they are being hustled over and put in uniform and put back on a boat from which they are taking union soldier coffins. it's a very lost cause. matt: those are literally soldiers you don't know what they are fighting for over there going. joan: i think once reconciliation became the dominant way of interpreting civil war from the earliest 20th century through maybe the 1960's, the union cause was demolished, diminished vanquished. it really is not cinematic as well. lincoln is the only i think constant in portra

matt schlapp: matt. sean sullivan: if you like. want to move to a candidate who is making a lot of news this week, donald trump. he said some pretty controversial things about mexican immigrants. he said they bring drugs, crime, and rapists. he has actuallly got himself in some problems with his business dealings because of it. do you agree or disagree with his comments? do you think they were harmful to the republican race and the republican field? matt schlapp: i think the comments are slightly different from what you just said. i heard him on the radio saying today that what he was talking about is illegal immigrants. that is an incredibly important distinction to draw. i think his tone and words were different than what i would choose. the fact is when you have a broken immigration system, it is hard to characterize the nature of the illegal immigrants that come into our country. that being said, i for one believe that immigration is a wonderful part of our history. it is a part of our history that i embrace. i think it is part

matt: that is quite cool. we will hear a report in just a little bit. 130,000p, more than geeks, nerds and comic book lovers are in san diego for comic con. star wars is the star of the show this year. we will have a preview of that with emily chang. nuclear talks with iran stall in vienna. they're alternating between saying their close and ready to walk out. men will be walking down the runway and ridiculous clothing. the men's new york fashion week starts. let's get back to greece where creditors are assessing the country's latest proposal. pimm: the situation in greece and the fast declining chinese equity prices contributed to global risks. neil, great to have you with us. explain a little bit about your most recent note. you talk about the faint with its of panic. word in ase that specific way. we calculate on an ongoing basis a metric measure of the risk appetite of financial investors. and the extremes of that are euphoria on the one end and panic at the other. pretty clear the earlier this week, you ha

i am here with my friend -- matt: matt miller.ant to get to julie hyman who was looking at the biggest movers in today's session 45 minutes into the open. tons of earnings. this must be one of your favorite days. julie: i do like earnings. let's look at some of the bigger ones we have not talked so much about. , the company that makes different fixtures for your home like delta faucets. their shares are doing very well, even after the company 'predictions. they rose by 7%. underlying demand should increase the rest of the year. the remodeling environment will continue in proving. that is the line was some of the housing numbers. formaker of small jets businesses is up 2% after this inpany also beat estimates terms of earnings. earnings missed estimates, but textron expects higher aviation sales later in the year. let's look at some of the weak performers. this is one of the worst performers in the s&p, down 6%. provides-rand different services for office buildings. like air-conditioning units. finally, dupont has a big drop. they

matt: and i'm matt miller. we saw an eight map drop in china overnight.urope in markets are down 2%. here in the u.s. we are not faring too badly relative to those moves. the s&p 500 is down half of 1%. a 125 point drop. 5059, the market is pricing in the events in china overnight. olivia: same story all year, the market moving sideways. some of the top stories we are watching at this hour crossing the bloomberg terminal, another big takeover in the health care industry. hassraeli drug manufacturer agreed to purchase allergan and its generic drug company. teva with jew it's hostile offer for another drug -- withdrew its hostile offer for another drug maker. financial, $2.2 billion in cash, they are the parent of standard & poor's owned by new mountain capital, members of management. matt: orders for durable goods came in higher than expected last night. the first time in three months there had been a rise in orders. the paris air show was during that time. 13 corporations are investing at least $140 billion to reduce their carbon footprints. including app

matt: thank you very much for that., chinese stock stabilized after the government ordereded and shareholders not to sell for six months. the shanghai composite jumped, racing a loss of 3.8%. seng is in the green. enthusiasts splashed out last month, sending ducati sales in north america up by at 106%. new models in the first half of .015 an ducati's ceo, claudio domenicali. which of the three new models has been the most successful? claudio domenicali: it was fantastic starting off the year. , the the three products completely new reinterpretation wean old product that launched in 1962 and we interpreted in a new manner. , it was very successful, only on the market two months now. it is doing very great. a nice evolution of the model introduced in 1980. 2012 is also doing well. matt: full disclosure, i have one of each of those. i am a huge fan. the 1289 is an amazing bike that maybe should not be street legal but fortunately for us it is. the scrambler is one i do not have. i think you are reaching for a different dem

matt: welcome back. i matt miller, here with alix steel.lix: we have a look at markets right now, it looks like a stealth rally because we don't have any killer moves. it is a solid rally underway. investors seemed buoyant off the news from greece, nothing seems full in the markets off the highs and the s&p 500 is up by 1%. ,he nasdaq has been the most the dow jones seen positive territory for the first time this year. energy news that i want to talk to you about, one big energy acquisition, mpl x has agreed to purchase mark we energy -- marcus energy. mark west is up by 12% here. that deal is up by $78.54 per unit. right there. over to gambling, i want to talk after about in -- wynn the government of macau said that they make his bands -- ease bans on smoking -- bans on smoking. stocks did see a drop in hong kong. netflix, trading up 4.5% because goldman sachs raised price targets to $780. ,ight now it is the $7.11 mark international subscribers could jump to 460 million by 2020. finally, apple is one of the biggest winners today on the do

matt. >> thank you matt.cue teams continue to search the wreckage of a downed military plane in indonesia today. they have recovered 141 bodies so far. more than 100 air force personnel and their families were on the plane. it crashed shortly after takeoff and slammed into a building in a residential area of medan the country's third largest city. >>> dozens of mourners attended a vigil for 85-year-old regina bruner. the east mount airy woman was that found murdered inside her home monday. her car had been taken from the scene. police found the vehicle abandoned on the 3100 block of north stillman street in north philadelphia yesterday. detectives have the not identified a suspect. >> new jersey governor chris christie will be back on the campaign trail. christie has a stop planned portland maine. there he'll meet with the governor. christie is the first 2016 presidential candidate to campaign if maine. after his big announcement yesterday in new jersey he waste node time getting going campaigning in new hamp

matt: there is a good question though. julie: potentially. matt: because they will cover.ulie: you can see covering as part of the gain today. matt: true. very true. julie: that something we can agree on. matt: we agree on so much. u.s. markets have recovered. a drop substantial enough to mention. now it is much less. european markets recovered. dax was down with the 2%. now it is 1%. julie: euro is still not moving. matt: let's take a look at our top stories this morning. in china, government attempts to support the stock market most othervince -- chinese stocks fell. the chinese government has suspended ipos, increase central-bank support for large trade, and boosted stock purchases by statement financial firms. the shanghai composite is down 27% june 12 alone. mcdonald's is going digital in china. it will start testing mobile ordering and payments. it felt nearly 5% in the first quarter as the chain was linked with a company that sold expired meat. birch heavens gave his name inverted image to burts bees. he started a company with bridesmaid from behind wax. he died in

for matt pelman, karen rogers, dave murphy, tamala edwards i'm matt o'donnell.t wednesday everyone and a great second half of 2015. >> yeah. >> that's right. >> starting today. >> ♪♪ binge eating disorder, or b.e.d., isn't just overeating. it's a real medical condition. and while the exact cause is unknown, certain chemicals in the brain may play a role. b.e.d. is also the most common eating disorder in u.s. adults. hi, i'm monica seles. when i binged, i wasn't in control. i never felt satisfied no matter what the quantity was. afterwards i felt so upset with myself. to learn more about b.e.d. go to bingeeatingdisorder.com and talk with your doctor. >>> good morning, america. and breaking overnight, a historic plaque church burned to the ground. dozens of firefighters battling the flames. the seventh church fire since that deadly shooting in charleston. federal investigators on the scene this morning. was it arson or did lightning spark this blaze? >>> new overnight, bridge breach. this man climbs a restricted area of the brooklyn bridge snaps a selfie raising m