we are joined by simon smith. thank you for joining us. ne all the technical stuff, haven't they? they have met creditors' demands. the road is open to negotiating a deal. how is that going to go? simon: it is one thing putting these through parliament and the other thing delivering on it. that is one thing greece have struggled on. a lot of crisis has been delayed. creditor saying have we made progress on the reforms? that is going to be the issue going forward as we put together the bailout package and get to the situation where debt repair filing could be considered. manus: i had a new democracy and -- mp on the phone with me. he said we are supporting them now but if we get a smith they are not implementing the packages robustly the political support dissipates. then you have an unpicking of a bailout. he's living on a knife edge tsipras. simon: you could never imagine this happening in pretty much any other government. such a unique situation. which makes me think the political situation in -- political instability in greece is huge. i

coming up later in the program -- manus: simon paul smith tells us how he built his business withoutny borrowing. stay with us for that interview coming up right here on "the pulse." ♪ francine: welcome back to "the pulse." manus: here are some of the top headlines. the bear market in china deepening. the index sank 5.7 7%, extending its drop from june 12 to 27%. more than $2.8 trillion has been wiped off the market. francine: an investigation into possible market manipulation in china. strict punishment for anyone deemed to be at fault. aetna has agreed to buy hume on her -- to buy humana. the transaction value comes up to $230 a share. the acquisition is amid a period of consolidation with the five big health insurers looking at deals. manus: two days until the people of greece vote on a bailout plan. the country needs 36 billion euros over the next three years. meanwhile, a poll shows greece is divided down the middle. with 43% set to vote "no." 42.5% intending to vote "yes." francine: some figures from pmi in the uuk. mark: the expectation was 65.7. it is an improvement. the mixt

simons worked at the concept school when police say the crimes happened. this isn't the only local school where he's worked with children. drew smith is live this afternoon with the allegations and the school's response as well. drew? >> reporter: we found out the school board here at the concept school has fired george simons and while the school may be closed for the summer this police investigation certainly is not. they're asking anyone with information to come forward because there may be other possible victims out there. george symonds is out of jail free on bail. his attorney tells nbc10 he maintains his innocence and will fight the charges. but chester county district attorney tom hogan says he has a strong case independence the former principal of the school. >> that's tremendous abuse of position of trust and also tremendous abuse of power. >> reporter: hogan said the 62-year-old began the illegal contact with the eighth grade student last year and it continued this year with texts and e-mails saying he loved the boy, then later telling the victim to delete the evidence. >> pulling the victim into his office in order to g