yvonne man has been following the story. yvonne: a lot of measures over the weekend, the day after alexis tsipras says the greek government does not have any more ability to absorb austerity measures. the interior minister would not and could not pay the imf without a deal. this all comes when angela saidl, francois hollande that greece has until the end of the month to reach a deal. both sides seem quite torn. my favorite quote from the finance minister, it is not in their interest, the cow that produces milk should be beaten into submission that the extent the milk will not be enough for them to get their money back. they are calling themselves a cow here. a lot more payments ahead. the greek government needs to pay monthly salaries and pensions by may 29. in june, it has about $6 billion to the imf. more than $6 billion total. by august as well, several payments happening every month. quite a lot to say when you have this much cash to pay. angie: and a greek exit, what are people saying about that? yvonne: some members of

angie: yvonne man, thank you very much.e day's top stories in our new digital destination. bloomberg business, bringing together the best of bloomberg news, business television, and digital content. also on bloomberg.com, how john kerry's broken leg could come to get things with iran. -- plus the latest entertainment news. this is a drama that is not necessarily in the movie make or breakt is debt repayments with $1.8 billion looming for greece. with no deal in sight, the greek prime minister has attacked creditors for insisting on absurd reforms. reporter: the prime minister going on the offensive now. no doubt line -- no deadlines having been met yet. the greek government said they would secure a deal by sunday, and that didn't happen and greece now has tough decisions to make. a lot of finger-pointing in the process. government -- prime minister monde" thatd in "le a lack of an agreement is not their fault but due to insistence of certain institutional actors on submitting a third proposal and -- some harsh words there i

yvonne man is here. what are you watching?ing the china rate cut over the weekend. and rare commercial aviation. that interview with the brazil's and ceo, biggest defense equipment maker will join us live from singapore to talk about business strategy. a good outlook moving forward in the asia-pacific. plus the outlook for the commercial aviation space. -- a solid performance in asia last year. the productionll gap, can they keep depending on the u.s. market? that is what we will ask. also the second company to default on dollar debt in china. angie: what is this company? yvonne: they are coal. they missed the interest deadline. what is next for the company. finally, social media we are tracking interesting story coming out of a chinese company. tourism,education, biotech, they do all of it. but the bath spent 6400 of his to france. they spent about 13 million euros, but 140 hotels and they broke a guinness book world record. apparently, on social media it may be the best boss in the world. angie: apparently. nice job. are the

yvonne: and i'm yvonne man. we'll be speaking when the fed minutes come out later this week that could affect some of the asian currency and rates. there is some woy -- worry in the last half-hour, it was a survey of 3.4% by economists. there is worry that the u.s.d. tai bought may reserve the bull trend if g.d.p. falls below 4%. thailand down now about .010% at the start of trading. i want to talk about the aussie dollar here. we are expecting some of those r.b.a. minutes to come out tomorrow. the governor's speech did weigh a bit today, indicating that the r.b.a. may have some scope to ease. may offer some insight after we got the quarterly positive statement last week. the aussie may be pulled a little lower if the q.e. continues to -- the kiwi dollar now trading 74. rishaad: 11:01 in perth. that's where b.h.p. had its spinoff. making a positive debut. they will now be the biggest maganese -- manganese producer. tell us about their assets and where they are going to operate. david: as you said, they made thei

today's market action in asia and europe, yvonne man reports on a breakthrough mining deal.go to london and caroline highs. caroline: i want to focus in on games and bonds for stocks. a bit of handwringing going on that the ecb. it looks as though comments coming from the ecb board member seems to have driven the market. he said it in a dinner that hedge fund managers were attending. many people are worrying about how messages are put across on the ecb. andnly the comments, spurred the market. we got germany coming down, even coming down for greece. after that the $400 billion selloff in the bond markets over the past few weeks, suddenly the appetite is coming back because the ecb saying we going to up our purchases of bonds up until the low in the summer holidays when we see many in the continent and europe go on holiday. maybe make him a maybe june you will see more than 60 billion euros being snapped up everything all month. suddenly we see appetites back in the bond market. also appetite seemingly being dwindled in the british pound and the euro. less checking in on the

streaming on mobile and bloomberg.com, i'm it yvonne man .

caroline: yvonne man, inc. you. manus: the headline stories spot on -- $2 trillion have been wiped off the markets over the past 10 days. there is a bit of a turnaround in the dollar originally in the u.s. equity european futures are estimated lower. i can tell you what happened before came. the dow and the s&p coming back to virtually unchanged on futures. the question have to ask yourself is whether the dollar's decline whether that is to do with an overvalued market. and the bond market is that beginning to prepare for reflation? janet yellen said that social media and biotech stocks were overstretched. we'll be lost about half of a percent, but yellen was warning about high valuations. it is more about the data, as we run of the unemployment numbers tomorrow. adp, the private payroll report, economic advisers are the weakest since 2009. but the real market movement is this, the entire 2015 rally in the german government bond market is gone. the average boom over the past five years is 1.78%. has this got more mo

i'm yvonne man and this is trending business -- "trending business". we are going to be live in beijing, tokyo, and for this hour. this is what we're watching this morning. china forced to act again in the face of a slowing economy, rising corporate debt and weakness in property markets. however they say they have many policy tools in the box. sharp seeing its biggest fall after saying it may need drastic reforms. it is expected to announce it will cut capital by 99%. is it time to abandon athens? chancellor merkel is being urged to let greece leave the euro. let us know what you think of today's top stories by following me on twitter. don't forget to include #trending business. let's stick to china. they cut rates for the third time in six months. latest rates showing the economy slowing faster than the economy would like to see. christina, any surprises? reporter: not really. milduts are relatively ones. the kind -- cut wasn't really a surprise. but the speed of it had people set up a little. index friday showing the factory remains. consumer prices

yvonne: and i'm yvonne man.ut later this week that could affect some of the asian cnc

yvonne man.k: accident from pledges to and austerity as the nation's banks run short on collateral needed to stay afloat, and a deal with european creditors to unlock bailout funds remains elusive. let's go to have hans nickel -- hans nichols. dÉjÀ vu. hans: we talked about a lot of deadlines on this show, and it seems like he will make one final push at the summit at the end of this week, but here is the issue, mark. his partners know just how strapped for cash the greek government is. they have reported that he wrote madame lagarde at the imf a letter, talking that how close greece was to defaulting missing that payment that was due to the imf last month. now, they ended up making that payment, in part, mark, from drawing on some emergency accounts they had at the imf, so they used imf funds to pay the imf. it is unclear if they will be able to do that this week, this month. they have got the big payments coming up in june. remember, june 5, they have about $300 million due to the imf. there wi

yvonne man is in hong kong with a look at the asian markets. give us a sense -- been picking up the negative data. reporter: we did see a second date -- day of losses here and china. getting close to that 5000 mark. 2/10 of a percent right now. they're losing down the 6/10 of a percent right now, there are concerns of these ipos coming up in china. about two dozen happening from now that could be freezing some money out of these existing equities and we saw brokerages and tightening of rules on margin lending. at one point we saw sticks -- six stocks fall and four stocks rose. the u.s. data is looking much more positive than what we saw in the first quarter, everything from housing, manufacturing to consumer confidence higher than market expectations and talking about this outlook for the rate rise could be more likely now. the vice chairman of the fed also saying that when it comes to this rate rise it will be a slow one because of the weaker global growth that we see. in terms of korea, down 1.8% the most in 16 months, japan as well. this was

. >> police say yvonne's neighbors were inside when the fire broke out shortly before 11:00. the manble to escape by running out the woman names neighbors name as juanita trapped on this alley way awning with black smoke behind her. >> she was covered in soot and she was very scared. she was disoriented so it was very scary. >> reporter: eyewitness tyra who didn't want to appear on camera says she watched her neighbor fall plummeting onto the car parked below. >> she hit her face on the car. >> reporter: that's when tyra who has only been in the neighborhood two weeks decided to take action checking for injuries and comforting the woman with water and cool blankets until help arrived. >> what made you run out and help them. >> reporter: i'm a human being. i would want somebody to help me in that situation. police says saying that woman suffering just minor burns and bruises. the good news natasha, nobody seriously injured and this of course the cause is under investigation. reporting live in southwest philadelphia, i'm steveson, cbs3 "eyewitness news." >> all right, thankfully no one

yvonne expected. >> it was coming shooting out of that door and everything. >> police say her neighbors a man in his50s were inside when the fire broke out shortly before college. man able to escape by running out. the woman neighbors name juanita trapped on thislily way awning with billowing black smoke behind her. >> she was covered in soot and she was very scared. you could tell by her face. she was disorient. it was very scary. >> reporter: eyewitness tyra who didn't want to be appear on camera watched her neighbor call plummeting on to the car parked below. >> she hit her face on the car. >> reporter: tyra who has only been in the neighborhood two weeks decideed to take action. checking for injuries and comfortingcomforting the woman water blankets until help arrived. >> what made you run out and help them. >>> i'm a human being. >> that woman taken to the hospital treated for minor burns and bruises no one seriously injured in this. of course, the cause under investigation. reporting from southwest philadelphia i'm steve patterson cbs3 "eyewitness news". >> fire crews battleed flames bensalem