>> by now, nichols runs outside.ergeant hoyt teasley is right on his tail. >> that deputy, however, did not know that anyone had been killed in the courtroom or that there were hostages. >> nichols shoots the officer five times and teasley dies a short time later. >> everybody off the sidewalk! >> brian nichols is armed and on the run. a major manhunt begins. >> police now on a massive manhunt for 33-year-old brian nichols. >> he goes into an underground parking garage where he carjacks a deputy's car. he'd later carjack at least five others. >> he would put a gun to them and order them out of their vehicles, take their vehicle, switch vehicles, and continue to switch vehicles. >> one of the cars nichols steals is a green honda that belongs to this reporter. nichols hits him over the head with a gun. >> i think i'm extremely lucky to escape without being shot or thrown in the trunk. >> this parking garage security camera captures nichols casually walking down the stairs, apparently wearing o'brien's blazer. >> the st

mcveigh, fortier and nichols. >> we got him! >> two years and 44 days after the worst terrorist attack on united states soil, a verdict has been rendered in the bombing trial of timothy mcveigh. >>or june 2nd, 1997, timothy mcveigh is found guilty on all 11 counts of murder and experience and sentenced to death. >> outside the courthouse in denver, tears, smiles, and all emotions in between. >> later that year on december 24th, terry nichols is also convicted. he is currently serving life at the super max prison in colorado. for cooperating, michael fortier receives a 12-year sentence. he is now part of the witness protection program. >> people ever going to remember timothy mcveigh as a murderer u not a martyr. >> on june 11th, 2001, timothy have a is put to death in terre haute, indian a. >> timothy james mcveigh has been executed by lethal injection. >> it is the first in 38 years. >> mcveigh even at the point he was being executed never flinched or changed his mind or expressed regret, but right to the point of his death, mc

like mcveigh, nichols is known to harbor anti-government views. >> terry nichols four days before theout a new insurance policy on his pickup truck. >> an arrest warrant is quickly issued and later that same day nichols turns himself in. by now, the rescue operation at the murrah building has become a recovery effort. >> authorities in this building behind me are coming across more bodies. >> the search for bodies will last for two full weeks. >> most of the survivors wanted to go to most of the funerals, and that's tough going to 16 funerals, let me tell you. that was really hard, but we needed to do it. >> two women are believed to be still in the building with an elderly man. >> timely on may 5th, 1995, with 3 victims still buried in the rubble, the search comes to an end. >> this was not two or three people from this city or two or three people from that city. this was oklahoma city. the terrorism was directed at the city. the terrorism was directed at its people. it was a sword at the heart of oklahoma city. >>> on april 21st, 1995, timothy mcveigh is arrested and charged with th

on the floor was the body of 67-year-old audrey nichols.he been shot in the head at close range with a .32-caliber bullet. >> the phone that they believe that she was using was found right in that area, i believe in the hallway just outside the bathroom. >> the police officers knew mrs. nichols. she had worked for the michigan state police for 17 years analyzing traffic accidents. she had retired just four months earlier and lived alone. her three children were grown and living elsewhere. >> we all felt violated by it just because so many of us were alone. it was very shocking to us. it was numbing. and there was a lot of anger, an awful lot of anger. >> since police arrived within five minutes of the call, the killer wasn't inside the house long. none of the drawers or closets had been ransacked, but audrey's purse was missing. >> looked like the house had been selected for a break-in so that somebody could go in and find something of value, probably to purchase for drugs. >> a preliminary look at the evidence left no doubt about what had

over to hans nichols.xpecting a very steep plunge but this is exacerbated by the restrictions. hans: friends saying, it may be exacerbated but we do not quite know yet. you can see behind me nothing but a read. i am in the athens stock exchange. the most important question and data point is what will the market close at? the restrictions may be impeding the actual pricing. we need to wait. we have been talking to various of market participants and we have to wait for the other day in to see how far things are down. the aggregate exchange is down. many of the banks hit 30% drop limit within the first four or five minutes of trading. in some ways come the main number i'm focused on is the pmi number all the way down at 30%. the expectations was 40%. we know greece is in recession but we do not know how much. these numbers are not good indicate greece may have a much deeper economic hold to dig out off. in terms of investors and get accurate pricing. it is the story of the day and in a few minutes, we will sp

jonathan: hans nichols, we will bring you the live feed.e will bring you the athens stock exchange open in seven minutes time. let's welcome back in ramin nakisa. guess something like this, when a market has been shut for the whole month of july, and in between, you have seen a real fundamental destruction to an economy? what is the story? ramin: i think this is a really interesting test of the etf market. that provided liquidity even though the underlying market was shut down. that is a thing to watch. 17% fall, that is what we should be looking for. that gives us the best indicator. that's the way i see it. i see it as etf kicking the tires exercise. another etf actually shut down. that one continued trading. jonathan: what kind of people step back up and step back in when they see this market crushed? ramin: if you can wear volatility, this would be a good buying opportunity if you are domestic and can take massive losses. if you are a fund manager, i would be keeping well away from that market. we could have another election in august o

thank you to hans nichols.ntinues on radio. ♪ ♪ announcer: live from bloomberg headquarters in new york, this is "market makers." with erik schatzker and stephanie ruhle. good morning. it is friday. you are watching "market makers ." two glorious hours of news. all the stuff you need to note and your weekend begin your weekend. i am erik schatzker. matt: i am matt miller. on the agenda, greece. china. oil forever and ever. apple. we could do a show on this every day. erik: health care technology is matt: coming up this hour. -- erik: health care technology is coming up this hour. greek law officials approved the third bailout. the three-year plan has been approved after an all-night debate. this could bring greece 85 billion euros. none too soon. greece mucst make a large paymet six days from now. primus or alexis tsipras urged passage

hans nichols, live in athens. to be speaking to the ceo of the athens stock exchange later today. that is coming up 10:00 london time live on the pulse. would you buy greek stocks? you have different levels of access to the greek stock exchange. lots of restrictions on trading greek stocks, but would you buy them? concerns the economic slowdown is deepening. we will tell you why after a short break. ♪ >> welcome back. hsbc reported a 10% rise in profit. pretax profit jumped from last year. the bank agrees to sell the brazilian unit. it also recognized a $1.3 billion to cover the currency. iran votes to boost production. iran's oil ministry said the country can boost output by 5000 barrels a day within a week. crude trading weaker after those comments. and helping to ease the escalating crisis at the port of calais. writing in the sunday telegraph, britain's home secretary and france's interior minister calls this a global migration crisis. let's get more on some of the earnings we have had. let's get more with jam

hans nichols is in athens. what are they expecting from today's session?urely not another 30% drop down. posco the banks could -- hans: the banks could drop again. that was about eight minutes from now. we open at about five minutes. we'll see how long the bank stocks trade until they are halted. some stocks could start creeping up in the positive territory today. we do not know. the prices are inaccurate because of the restrictions there were put on greek retail investors. they have certain restrictions. they have to come up with new money. we are going to have to wait and see what happens. remember, 30% drop halted a lot of the trading. that is no longer in place. you can trade this morning. we do not have a bad bank set up. we don't have any clarification on what they're going to do. jonathan: hans nichols, thank you very much. what is in store today? find out in two. we're back after this break. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your exp

tom: hans nichols, thanks so much. oil is the lead story this morning, but first, the international monetary fund changing their tune late last week, within the troika and with tsipras. that is the most interesting story. dr. weinberg is with the high frequency economics. you have been so right about what they need to do. why are we waiting? dr. weinberg: the german view is that german taxpayer money should not go to give greek pensioners better deals than german workers get. that is the obstacle. it would be like me saying i am in new york and i pay taxes, and it is helping people in arkansas. that is the spirit of it. that is where the german head is right now, and the imf the say you cannot do that.

julie: this is about mary nichols and has some authority behind her.ofacing off against marchionne who says he loses money every time he sells a 500 e. he said he wasn't required to do it, he would not sell vehicles. he said he had to sell the government -- had to sell vehicles he would be there for a government handout. this were to become a pass, can we see this in court or is this a state regulation? scarlet: it's a proposal and it is what she wants to do. the target is 100% electric vehicles, new vehicles to be sold in 2030 to be almost zero emissions. that is a pretty stringent goals. even now it's goals are pretty stringent in california. going to be how each state deals with credits and a lot of automakers want more credits before they introduce more plug-in hybrids. is differentonne among automaker ceos in that he is complaining in public. other ceos have not. brownthe governor jerry said a target in 2030 of it 80% reduction in greenhouse gas emissions. the argument against that is it's not just going to be cars producing these omissions. when

hans nichols with the latest. later tonight we'll have the fed minutes. clues about what janet yellen will do at the next meeting. that's it for "the pulse." keep it here on bloomberg tv. stay tuned for the "surveillance" team. they are up next live from new york. you can follow all of us on twitter. i'm at flacqua. manus is at manus cranny. have a great day, everyone. ♪ announcer: this is "bloomberg surveillance." tom: good morning, everyone. "bloomberg surveillance." vietnam devalues there to currency -- vietnam devalues the currency. roman sachsen morgan stanley doubt the fed will -- goldman sachs and morgan stanley doubt the fed will act. we discuss in minutes. someamerican consumers -- shop and some do not. good morning, everyone. this is "bloomberg surveillance ," live from our world headquarters in new york. it is wednesday, august 19. i'm tom keene. joining me, brendan greeley and vonnie quinn. brendan: they are making the case in front of the bundestag. we will talk with hans nichols in a second. angela merkel will not talk. we think she will put

brother nichols, what do you make of walker's healthcare plan?tired of hearing about rehashes of the obama healthcare plan and therefore would be interested in him proposing a new plan himself? >> i think within the republican primary fight, in that narrow sector, there are people who are looking for the candidate who is the most anti obamacare. and walker is trying to position, trying to use this as a pivot out of his very difficult spot he's in. but truthfully when you start to look at this plan it is obviously -- it is the sort of thing you did the night before you had a big paper due and you hadn't worked on it. 's got every bad proposal from the last couple of years that republicans have floated out put together in a way that doesn't work. even bobby jindal is criticizing walker for this plan. >> professor nichols gives him an f then. >> i'm afraid it is a pretty low grade. yeah. >> wisconsin's uninsured raid is 5.6% according to a gallop surface. the unsured percentage has dropped 6% since 2013. how much of that is due to walker's administr

times nichols is with us. he covered the george w.e, but more importantly, you have covered campaigns and you know how they really work. when you look at money and organization and getting on the ballot, is it possible to say that jed is still the front runner? the: yes because he has establishment behind him and he has the money behind him. but he is still behind in the polls. in the last 30 years of presidential politics, the most successful presidential candidates -- jesse jackson, john mccain. ran two successful campaigns. mike huckabee never made it past iowa. if the strategy will get you a buzz, you will be mentioned in some wikipedia entry. it is unclear if it makes you the party nominee or the president of the united states. a report in "the wall street journal" about exactly that -- that not only is he focusing on his cable appearances, his staffers are asking him to do appearances in person, the way you are supposed to. five-person parties in new hampshire. he is not doing that either. up toyou need to show people, talk to v

tremayne lee, joy nichols, thanks for joining us. >>> trump gets questioned on some supporters. rheumatoid arthritis like me... and you're talking to a rheumatologist about a biologic, this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me reach for more. doctors have been prescribing humira for more than 10 years. humira works for many adults. it targets and helps to block a specific source of inflammation that contrubutes to ra symptoms. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened, as have blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. talk to your doctor and visit humira.com th

hans nichols is that the athens stock exchange. what is it like there?see the entrance early exit behind you? are there a lot of people trading on the floor? or is that a calm, frankfurt type situation. where there are four or five guys having a beer. calm her then frankfurt. most of the activity takes place elsewhere. we are at the exchange, but it is mainly an administrative hub. we see read all around. most of the bank stock is down. we see some of the other ones, coca-cola, the local bottling companies. that is down just 5%. the only question is, what is going to be the very first stock, bank to trade in positive territory. i don't expect it will be a bank. it does look like tomorrow we could have something in the green. that was the prediction from the ceo of the athens stock exchange. why: hans, we talk about anybody would want to be buying greek stocks. happening with seem to be an equalization. the greek etf continue to change while the greek stock exchange was closed. are you getting any sense -- for every buyer, there has to be a seller. what a

hans nichols, thank you so much.att: when you originally moved to berlin, because you were a white house correspondent, were you dreaming you would have a crisis like this to cover 24-7 question mark -- 24-7? were, i did not have a crystal ball. betty: still ahead, looking at the movers in the market today. matt: shares are down after the chairman of the company abruptly resigned. we will tell you why. ♪ betty: welcome back. i'm betty liu here with matt miller. matt: i have the honor of standing in for mark crumpton. a look attraight to the markets. some under the radar movers this afternoon. >> before we get to those movers, let's take a look at how the market indices are performing. the s&p 500 is up by 1.25%. the nasdaq of more than one. the dow is up three -- 1.13%. -- 1.3%. seven-daye breaking a losing streak. now to some of the individual stocks, let's go to food as less commodities and industrials. .ood first, dean foods it is down by nearly six point -- 6% right now. it makes milk and ice cream and cheeses. o

hans nichols has been covering the story. it has two weeks.er crucial date in the greek calendar. hans: and yet it seems like everyone is pretty confident and positive that they are heading in the right direction. creditors and the government in athens say they will have an agreement, then a vote in parliament august 12, 14. most of them are in their summer holiday. a couple sticking points, one, this mess in a position fund. some of the numbers don't add up. how quickly can you get cash from that and how quickly can you draw it down? the other question is, what do you do about nonperforming loans? you look at what is happening on the exchange right now, all the bank stocks down more than 20%. most of them are hovering close to -30%. that would be the third day of 30% drops if that is the way it continues to go. francine: hans, thank you so much. our next guest says that greece's real economy is a long way from normalization. alberto, great to have you on the program. when you look at banks, you are one of the few out there that is so strongly

francine: hans nichols in berlin. we are joined on the phone by the deputy chairman of angela merkel's party, michael fuchs. great to have you on the program. how will you vote on wednesday? i cannot tell you yet because we will have tomorrow a lot of discussions among the leading people in our party. ask thisto know, and question to both mr. schaeuble and by chancellor, how is going to be the involvement of the imf? board, if it is telling us yes, we will come on board in september and continued to finance greece next year, then of course i will vote pro. but imf is a critical question for all of us. francine: we understand that the imf has said they will be involved only if the eurozone grants debt relief to athens. this at the moment is not on the table. is it not very likely you will get a response to your question by wednesday? mr. fuchs: i understand there is still discussion going on between imf, mr. schaeuble, and madame merkel. there might be some changes. one thing is very important. the debt sustainability

we also have with is on set, hans nichols.very time there is a width of a deal in europe, we go to you. there is a whiff of a deal this morning. there is gekko hans: -- here is my take on reading through all the papers this morning. to beis no actual reason optimistic, but there is no reason to be pessimistic this morning. we still have not heard from the germans. ministery finance seems to call for a little cold water, deal directly but not hastily. until we hear from the germans, i will not be convinced. heard, andir voices they do not think the deal will be successful, but they will support it anyway. the fact that the finns do not have -- hans: to get to something through the civilian mechanism, 85%, things do not have a blocking coalition there. they are offering support a little bit the way your own mother would. i think it will work out, sweetheart, and i love all of you. one of the problems we are looking at in europe is this pattern that we have seen so many times, where the greeks say we almost have a deal, it turned

prosecutors say mercedes nichols partially arranged for the fight to take place and pleads guilty tond tampering with a witness and given three years of probation and 100 hours of community service. as for tori lindsay she is recovering from the injury. >> coming up -- >> if you so much as sneeze, i'll split your [ bleep ] throat. >> a video shows a teenage girl tied up, bound and apparently in fear for her life. >> if you scream and fight, we're going to kill you now. >> those filming call it an innocent prank. prosecutors call it a crime when "caught on camera: teens gone wild" continues. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. watch as these magnificent creatures take flight, soaring away from home towards the promise of a better existence. but these birds are suffering. because this better place turned out to have a

hans nichols was talking about our london reporters. story about the 15 major central banks that have hiked rates -- they had to reverse the decision. the ecb was one of the central banks. people look at that as a ridiculous move. now they think, what is the policy response if they have to do more? what can they do? >> they have to continue with quantitative easing, what they have got in their favor is the euro that is undervalued quite significantly. they have reasonable equity valuations as well. europe is now being perceived as a reasonably safe haven when you look at what markets have done. jonathan: i was told go long for dax and we will stand it. dax down. how busy have you been in the last three trading days, the last week? yogesh: we have been extremely busy in the way we have been communicating with clients and holding their hands. but in terms of trading, we have been watching. the key thing here is not to panic. markets are down 6% year to date, we have volatility fixed at levels we last saw in the neiman brothers crashed in

erik: coming up, hans nichols hence -- happens to be in new york.will talk about the never-ending greek debt crisis. ♪ matt: good morning. welcome back to betty: bloombeg "market day." are we going to go straight to remy? digitw looking at triple gains. a look at the market and what is pushing stocks higher. >> taking a look at the major markets. the dow is rising. now up by a little more than 1%. you will remember over the past week the dow had been falling for street seven sessions. we are looking to snap that today. the nasdaq up by 1%. part of this is because warren buffett acquisition or attempted precisionn of castparts for $37 billion and a rally in china. taking a look at one individual stock, and that is apple. apple right now is seeing a good pump, 2%. after falling nearly 12% since july 21 when it reported less than stellar iphones sales. besides this little bump right here and the fall, let me take you to the bloomberg terminal. i want to show you analyst ratings. what we're talking about is despite the fall, all the analysts we're talki

tom: hans nichols, that was brilliant.oming up in the next hour, we will continue this discussion. what will the fed do? i know you're worn out with the story. he is not. dutta coming up. stay with us. ♪ morning, there is a gorgeous new york. it really has been a spectacular summer here in just a number of days of heatwave, maybe four or five. autumn whispers in the morning wind. was a philosophical? brendan: it was a haiku. tom: let's get to our morning must-read from oliver chen. he wrote this up on macy's. john golub joins us from rbc. in the retail sphere, the numbers we see, it is to put a good, isn't it? thinkind of agree, but i the big issue with the consumer, what we're spending on is different. we're spending on media and cell phones, going to walmart or chipotle, but traditional retailers are under pressure. i don't think that -- tom: don't panic about retail. just a new retail. retailers, we talk about retail only steep having this cyclical assumption that it is going to get better, going to get back again. have

hans nichols has the story. many focusing on wednesday in germany.e vote that we are going to have in parliament. they had 60 defections last time from merkel's party. about five abstentions. the magic number seems to the 100. if merkel loses 100 votes, she could be in trouble. last night, her annual summer interview, she talked about how there was no pressure on individual lawmakers, but she says she can't force individual lawmakers to vote for it. she did get a vote from wolfgang schaeuble, her finance minister. he gave an interview. here's what he told. after truly arduous negotiations in greece, they now know the country cannot get around real and far-reaching reforms. in some ways, you see this in athens and here in berlin, they are pointing back to how difficult these negotiations are. it passed athens. it will likely pass here in berlin. it has a couple other parliaments before that first tranche can be put out the door to repay that ecb loan on august 20. caroline: hans nichols in berlin. thank you very much indeed. guy: data as well coming o

brendan: hans nichols in berlin, thank you.ve troy gayeski on the desk from sky bridge capital. i will pose the same question to you that i did to hans nichols a second ago. profoundlyems undramatic. are we passed this? the: we are passed it from point of market chaos, but not from opportunity. greece's sovereign debt should trade up nicely. there will be more drama around the election, but compared to the january election victory, syriza, or some of the chaos with capital controls, volatility has come down dramatically. brendan: i am thinking back to that last blog. if you wantedas to put your arm around his shoulder and say it is tough for an asset manager out there right now. troy: it is a challenging environment. interest rates are extremely low. a rich- this is not environment. trying to make 2% to 4% is challenging. 4% is big picture, 2% to better than a crisis or a collapse. vonnie: internally, give us the lowdown. what are hedge funds telling us? troy: the majority of opportunities we are pursuing, we hope to make 6% to

hans nichols in berlin.ling with the second tube strike. -- londoners are dealing with a second tube strike. >> mayor johnson: londoners would be amazed that this is not being properly considered by the work force. it is a great deal. hiring 137 drivers. more jobs, more pay why not? and delivering a 24 hour to the london. >> i think there are plenty of games going on here. you have two possible candidates for leadership. they have not sort it out when they are going to do an essential and safety maintenance. even if we agree to everything this could not go ahead. francine: benjamin katz is here with the latest. benjamin: this is ending a long-standing policy for the mayor of london not to meet with unions. we're waiting to hear if that develops. otherwise, there is no sign of a resolution. we know that the stock data is september 12, but the union rejects it. francine: why was it rejected? what was in the offer they were on pleased about? benjamin: the first thing is that there is a wide spread closing down

slow i think that is continuing for number of years. >> i want hans nichols to join us.he euro talk talks about will consumers feel richer? what time do you see this affect consumers and have them start spending? one data point is that the german consumers are actually spending. is there a trickle-down effect? this wealth effect is surprisingly small. one of the reasons is we have had this income polarization. income has moved to higher income hands. those people do not adjust their spending that much in relation to their assets. this hope for a real wealth effect has been surprisingly small. scarlet: that was gary shilling on bloomberg surveillance this morning. look at how other commodities are moving as we settle -- look at the settling in new york. for its biggest itkly gain in two months and was relatively neglected during an greek debt crisis languishing you're a five-year low rate there is news that it boosted its reserve. you are looking at week. it is set for a second straight week of gains. forecasty trimmed its by 6/10 of 1%. that is your commodities close on

caroline: thank you very much, hans nichols in berlin. do indeedws at pimco continues and we will bring those figures to you. we will also be speaking later in the show to the cfo of allianz about these numbers. 7:15 u.k. time. let's get an update on how asia has been trading before the jobs report. let's get out to david ingles in hong kong. david, it has not been a great week if you are looking across the border. david: it certainly has not. we were poised for a weekly decline -- the third weekly decline. nothing is really happening -- we are seeing equities trade down, yields next. kiwiapanese yen, the dollar, all these currencies across southeast asia, absolutely nothing is happening. we are basically flat across the board. a holding pattern ahead of the jobs report. that comes out later on tonight. though, thatid, will may determine what happens for the rest of august into september. a lot of the emerging markets here -- malaysia, for example, the philippines and thailand -- have a lot of these financial markets, expectations that th

francine: let's get more on that with hans nichols.are the key takeaways from the finance minister yesterday? hans: he did two things. he wrote a letter to parliament backing this. he said that greece is on a sustainable path. he insists the imf will stay involved. we've not heard anything definitive from the imf. here is what he told public television and interview last night and he said "i am very sure the imf will conjure to the program just as we declared this to be indispensable." that gets added, because the german government is saying the participation is indispensable, yet what you have nothing unqualified from the says they will participate. all we have is a place to review the program in october to see a, if greece is abiding by reforms and b whether or not the creditors and europe will reduce the debt burden. here is the european from the european stability mechanism laying out what the bundestag has. these are the only assurances the german government has ahead of the vote tomorrow. not a whole lot. contribution to the fina

jonathan: you're going to do just that with hans nichols. keep it right here on bloomberg tv.is it for me. i'm looking at equity markets, down 10.1%. we are in the red in europe. if you want to talk about these markets, i am on twitter. best of luck for the rest of your day. have a great weekend here it -- have a great weekend. ♪ francine: jobs day. usa releases its labor report before the federal reserve septum or meeting. media meltdown. disappointing earnings from viacom sparked the biggest selloff for the sector since 2008. >> our leaders are stupid. our politicians are stupid. the mexican government is much smarter, much sharper, much more cutting. francine: and billionaire businessman causes more customer she as he dominates the first republican debate. ♪

scarlet: thank you hans nichols here for the week. usually in berlin.ing up, a new scientific revelation about the great william six -- shakespeare wondering where for out there mary jane? ♪ ♪ scarlet: an interesting discovery about william shakes .our forensic testing of his 400 euro-suggests the english playwright, poet, and playwright may have suggested smoking more than tobacco. it tested for cannabis. we.: literally he says cocaine. maybe even as in a negative way. for we and against coke scarlet:. scarlet:he wrote something about compound strain. researchers found other weird thing in the pipe remnants. that make extract. as any good teenager knows, supposedly you can get high somehow using that make. most kids probably have tried it. it was not surprising. they use hemp for clothing and sales. >> historically a lot of very creative people have scarlet: apple. scarlet:you are taking off. more after this. -- historically a lot of people have dabbled. ♪ ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of tayl

let's go to hans nichols in athens.kets are closed here in europe, and also here in athens after the first day that the exchange was open in 25 trading days. that is five weeks. what we saw was an overall decline of about six -- 16.2%. it's not that bad when you compared to earlier lows of 23% stop -- of 23%. banks led the decline. most are down about 30%. but the stoxx 600 across europe was not that affected. we saw it was up mostly on the and hsbcing the gains can which of course is the biggest bank in europe. they were up ever so slightly. and heineken had a strong report that said heineken up 5%. see the ruble really getting hammered, down almost 2% against the dollar. and looking at the story in government debt, germany trading mostly flat. the yield was down ever so slightly. it looks like the cost of borrowing from their german government will continue to remain low. hans nichols reporting from athens. coming up, president obama will lay out his plans to combat climate change. that is at 2:00 p.m. eastern. we wil

joining us now is hans nichols. what did both sides up getting?y will actually be allowed to have a deficit of 0.5, so nothing small from the creditor side in terms of concessions. the greeks have to do some work, passing 35 specific measures. there are difficult things in there. certain pension reforms, they will be difficult and they all have to pass by thursday. then you could have some potential votes on friday in here more from european parliament next week. we still haven't heard anything affirmative from the germans. they could be an indication that this is not yet done. scarlet: is there a reason it could not? hans: all of them. these are all sacred cows. greece has known what they have needed to do. they have been clear they just have been bent over in these negotiations. according to two people familiar with the matter they may not be able to get this through parliament next week. that could be for political reasons or practical reasons as well. we are trying to figure out whether it is expressly political or practical. bringing this bac

hans nichols is with me. can this be sustained?concerns about whether this can be sustained. this is a late-night vote. debates happening in parliament right now. the former finance minister has said he will oppose this deal because the debt is simply not sustainable. he says that is the line the imf will come up with. we do not have any sort of agreement, it could go back to square one. it does look like the new democracy and opposition party will support it. then the question is, does on july merkel's government support it yet that that is an open restaurant. are german lawmakers may vote on this tuesday. between now and tuesday, what is the trading going on to push this thing through? hans: of finance ministers summit in brussels tuesday. we still have yet to hear from the german monetary fund. german officials are insisting you need to have the imf on berd to have the agreement viable. the imf is insisting something be done on the debt. there may be some way to ask the end of the deck. angela merkel leaves for brazil wednesday.

we are joined by hans nichols. what you make of these gdp numbers. estimates. it is forward-looking. what we see in the second quarter is a german economy that was fueled by exports. 2.2% increase on the export french. slight increase on private consumption. 0.2% capital investment -- -0.4%. i am looking at my script. 0.7% to thetrade at gdp and then private consumption adding 0.1. thing is capital investment was down 0.1%. inventory down zero point 4%. unless you think inventories have really increased and the third quarter, and unless you think that what has happened with the export will somehow dramatically change in the third quarter which is a difficult proposition when you think that most of the bad stuff in greece happened in the third quarter, all of this china slowdown has been happening in the third quarter. that is going to add a lot more pressure on exports which could give us negative numbers in the third order which allows me to get back to the number that we will get out later today which allows us to get excited about it. i know and t

hans nichols is with us in the studio.is got to go to europe's parliaments where the power lies. can this get to the bundestag? hans: the optics out of berlin overnight, seems willing to sign off. there is a phone call between jean-claude juncker and angela merkel later today. then we will have an answer. brandan: we are learning all sorts of new terminology. one thing we've been talking about over the last month's prior actions. do we know what they are, how many there are? is reportingress 35 prior actions. pension reforms, a lot of things, 35 individual votes in the parliament. we will do our best kevin spacey "house of cards" and do a whip count. we want to see if they get above 40 no votes. -- 39 no votes. the second ones, 36 no votes. the question is, will this lead to a collapse of the party conference? that is why will be county votes. julie: we continue to talk about the leaders making these decisions. now now that we have seen the banks open again. now that we have seen the stock market open again. what is the si

anna: hans nichols in berlin. let's get more from gary greenberg.t the ecb to find inflation, just like many banks. china continues to support deflation. gary: they are going to continue to do that. india has got some inflation. they don't have that problem. they like to have a little less. they will like to be of the cut rates more. india is not having a growth problem at all. the economy is beginning to turn. the turn.like gary: this seems to be vested interest. even though the country that's billy needs it, he is going around those vested interest in india and going to the state level to have them change their loss to be able to attract more direct investment. " gary, thank you very much for joining us. gary greenberg, head of emerging markets at hermes investment management. herell take a short break on a volatile day, as trading over in asia. we will be live in hong kong. the shanghai composite has been up and down. we will get back to you after a short break with the latest. what it means. stay with us. ♪ this is a great place to work. not bec

hans nichols in berlin with the latest on the german economy.us: let's switch our attention to south africa. they are set to release second-quarter gdp data. this is a day after that rand tumbled to a record low. stocks sank. concerns over the plunging commodity prices with china as its top export destination. francine: what lies ahead for africa's most industrialized economy? we are joined from hattiesburg. what -- joins us from johannesburg. >> hi there. well, are expecting a number of growth to print for the second quarter. that would be the lowest case of expansion since the same three months a year ago. and it just underlines the trouble that president jacob zuma's administration is having an reigniting growth in south africa's economy. almost everyouts second day is holding back manufacturers. the currency is down 44% this year already. and still, we are not seeing any rebound in manufacturing. therein lies the conundrum. if the rand's decline is not helping manufacturing, what effect is it having on the economy? vernon: exactly. that is e

cnn's rachel nichols joins me now with what's happening today. >> they're in court today.g their oral arguments. this has been going on for seven months, carol. we've now passed the seven-month mark. so there's nothing they're saying we haven't heard. what's interesting is that while tom brady and roger goodell aren't in cord today, yesterday they met face-to-face and phalanxes, of course. i don't know if it was in bat caves or what. there's still no settlement. the judge has told everyone to try to continue to settle and they'll be back in court. >> there's a whole lot of rumors floating around out there. >> the talks have been going on all summer. even before roger goodell ruled on tom brady's appeal, the brady camp was saying, hey, we'll take some sort of punishment, maybe, as a middle ground for failure to cooperate, the whole destroying the cell phone or not being entirely forthcoming with the information. the nfl has said, no way, you have to admit you deflatd footballs. maybe the brady camp has opened up to maybe a one-game suspension for failure to comply. but it's

let's bring in hans nichols from berlin. first to you, hans. what are we expected today from this german parliamentary vote? hans: we are expecting 56 defections. there was a straw poll last night -- that is less than the 60 folks that voted against the actual authorization. it looks like it will pass the bundestag. introductions will start in a little bit and voting will continue through the morning. it should be wrapped up before noon. we will also be looking at the vote in the netherlands -- that could be slightly tighter. if it passes as it is expected, the money will be disbursed in greece will be able to start the process of rebuilding, starting with greek capitalizing their banks. mark: paul, what is the latest on the ela degrees? how significant was the ecb pasta and to reduce greek emergency liquidity assistance? paul: caroline mentioned earlier the marathon towards the greek bailout. i suppose you could say that this is a signal that they have hit the wall, but there is still a long way to go. we had a small reduction of 700 million e

pimm: hans nichols reporting from berlin.a big day in the housing industry -- new home sales rose 5.4% last month, a sign the housing market is continuing to recover. according to they case-shiller price index, a climbed 5% last month. here to talk more about what is in store for the housing market professor joining us from philadelphia. we got some housing news according to the case schiller index, prices climbing 5%. nationally, prices up 4.5% and new home sales higher. could you give us a little perspective -- will this gross -- will this growth in the housing market continue? susan: yes, it will. this has been a rebounding market on the price side for a number of years. sales and construction starts have been up for the last two months. this is both start and sales and prices. they are on pace to continue to a recovery.ding to housing is a bright spot in the economic recovery. is this because of low ?evels of mortgage interest susan: yes. mortgage rates are a driver and key to the economics drinks housing is bringing to t

find hans nichols in germany.will be leading this charge and the efforts of the government. there are only 56 defections. party has 311el's seats. she will rely on her junior coalition partner. the overall outcome of this vote is not necessarily in doubt. yesterday, it passed in spain 297-20. it passed in austria. today they be the biggest challenge with the vote in the netherlands. we do not know how that is going to turn out. we expect it will pass. then, we have what is happening in rank for. the european interbank has lowered the amount -- the european central bank has lowered the amount. io eight has been dropped down to 89.7 billion. before, the number was 90.4. this shows that banks could be going in the right direction. they will get 10 billion in terms of recapitalization if this passes. it's interesting to see who bears the burden. thatine: sticking with story, joining us for more is valdis dombrosvskis. he is vice president of the european commission. thank you for joining us. good morning. valdis: good

hans nichols has been covering the story and joins us now from berlin. >> where do we stand in talks another question why is it so quiet. >> where's the greek noise hans: it is quite because it is summer and also because there is positive movement and no one once the poison that. what we have is nice noises coming out of brussels just moment to go jean-claude juncker and the commission of the european commission had positive things to say. so against guess all this positive sentiment we have this timeline which should cause some concern. august 20 is the date for that bond payment to the ecb to take place. to get that done you need to have a political agreement. perhaps this week or early next week but then you need to have all the national parliaments work on it. an official in athens said they wanted to see our limits outside of greece vote august 12 or august 14 everyone in germany would have to come back from holiday. so what you do about the privatization fun. how quickly you will plus it up and how quickly will drain that privatization fun and we use it to recapitalize the bank

hans nichols there, our international correspondent who is normally stationed in brussels.rik: we love the fact that he is in new york. still ahead, auto sales plunge. prices.carmakers slash ♪ erik: another sign of the slowdown in china's economy -- auto sales dropped to a 17 month low after automakers slashed prices. it is bad news for ford, for general motors, for bmw, toyota. you have been looking at this for two weeks, so i give you credit for being well ahead of the story and the curve. is it good for anybody? matt: it is good for local chinese automakers because they sell a lower-priced product. chinese consumers had switched to that to some extent, and you already had a couple of warning signs. but now automotive sales have fallen to a 17 month low. erik: we need to connect the dots here. value of the yuan, all of a sudden these imported vehicles become that much more expensive. matt: or the manufacturers make that much less money. keep in mind a lot of these manufacturers are not shipping these -- erik: they are over the line on the prices with the yuan. partnersy a

his nichols interrupting travels to come here.ers have a problem with this, mainly that there's not enough time to look over the details. hans: it's a problem. there's great reporting out of our colleagues in berlin. it may not be a dealbreaker. the could figure out some way to gloss over this. right now it does not look like this could get past as easily. what we have is a technical agreement. we still don't have a political agreement. it has to come in the next 42 to 78 hours. you do have something in place you can disburse the funds. it takes about 35 votes. the technical term, prior actions, forget that. just think things they need to vote on. changes on early retirement, energy and pharmaceutical market, opens up here it more taxes for shipping firms. creditors gave up. it's a compromise. they did what athens run from their creditors, more money. it's about $20 billion over a three-year period. mark: a delay, could that not disrupt or derail the agreement? hans: it could derail the agreement and terms of will you have the $86

here is hans nichols from berlin. nothing but negativity and red in the major european equities. they are down more than 2%. the cac 40 down 2.4% last i checked. the ftse is down 2.47%. the cac was down 2.7%. is a negative territory down 2.4% today. you look at them over the last two weeks, they are down was 12%. today, lufthansa led declines down 5.5% on the day. in the morning, they were rated by goldman from cut to sell to neutral. that could have affected their price. the german utility also down 2.5%. in 10 year bonds, it is a mixed picture. we saw german factory growth numbers may have influenced things. they came in better than expected. that lifted the european composite to 54.1. it had been 53.9 in july. that is closely four-year high reached in june. the business index is at a four-month low. take a look at german yields. they were down a little bit, up and down throughout the day. down less than 1%. we saw the u.k. yields down about 6%. the u.k. clearly had the biggest rally in their bonds. a 17-basis point

and hans nichols is here as well. matt: 4/10 a percent. we would not be happy in america. be seen inction to ages stock markets. china's currency stabilized. the unexpected devaluation earlier this week rattled world markets. the currency is studying the second straight day, easing some of the uncertainties. the un's reference rate with china's central bank rose for the first time since the evaluation tuesday. just 1/10 of 1%. japanese prime minister shinzo other -- abe express profound grief for all who died in world war ii. seven --s after the the 70th anniversary of the country's surrender. he also expressed apologies for japan's actions. erik: a surprise for the football field. tom brady in uniform. the patriots quarterback was the starter in new england's preseason loss last night. he has been in and out of courtrooms fighting the deflate it suspension. -- deflategate suspension. matt: we start with the five things you need to know this morning. i get to talk about autos. its stock offering to 2.7 million shares to 2.1. it is looking to raise 250 million. it was only

denise white, rachel nichols, i appreciate it.e could be another name in the mix in the race for the white house. how about this guy, joe biden. next hour of "cnn newsroom" after the break. my name is peter tran. i'm a gas service representative. i've been with pg&e nine years. as an employee of pg&e you always put your best foot forward to provide reliable and safe service and be able to help the community. we always have the safety of our customers and the community in mind. my family is in oakland, my wife's family is in oakland so this is home to us. being able to work in the community that i grew up in, customers feel like friends, neighbors and it makes it a little bit more special. together, we're building a better california. >>> and good morning. i'm carol costello. thank you for joining me. is joe biden getting closer to a presidential run? he's running a respectable third as the possible democratic nominee and he hasn't even decided whether he's going to run for president. of course this is significant. as i said, he ha