Kongcurran is in hong wanting to know when the fed will raise Interest Rates. Matt miller is in berlin. Lets begin in greece. Finance ministers have reached an agreement that will allow aid to be released to ease the debt burden around the country. Marcus joins us live from athens. Aid disbursement means greece will not face a massive payment crunch to the ecb in the summer. Theres also some extra money that allows it to stopping down taxes are about to rise. Its not going to cause jubilation on the streets. They can expect a little bit of stability over the summer. Jonathan thank you. David are you wondering when the fed will next raise Interest Rates . Chinese officials will ask their u. S. Counterparts about the timing of the next increase. Curran in honga kong. When are they going to ask this question and where . Good morning. It shows how nervous chinas leadership is of the looming fed rate hike. Issuelan to raise this when diplomats meet as part of a strategic economic dialogue.
Equities, a little push back. Morgan stanley saying we will see maybe 1 in the First Quarter of next year for the 10 year yield. Some selling in stocks today. The money flowing to some extent into treasuries. The dow had been holding up relatively well. Still down the least. Back into the red. Pulling back from the record close yesterday for the dow and s p 500. The magnitude of the drop is not big, only one third of 1 for the s p 500 but the brett of the decline pretty broad. All of the s p 500 lower today led by energy and materials as we see a commodity led selloff. A lot of individual movers, netflix out with its earnings, the subscriber growth, or lack thereof drawing attention. Adding 1. 6 8 million subscribers in the Second Quarter, falling shorts short of estimates blaming price increases. Johnson from johnson and Lockheed Martin, they had winners, though Lockheed Martin now lower after that Companies Earnings beat estimates, Johnson Johnson with earnings that beat in the Secon
One of note today, walgreens we will give it up too. Items of note, the indian Prime Minister meets secretary kerry in washington, hes really doing a fullcourt press. From Madison Square garden to central park to dinner last night with the president. Where he drank only lem none water. A hearing in washington on those White House Security breaches and finally just want to point out microsoft is introducing windows 9 in india. Weve got him here in the u. S. And microsoft c. E. O. In india opening up a new data center. The white house breach is something. How did they depth that far in . The damage of it, like everybody else ive opinion in the green room whos done a tour of the white house and its spiritual, its part of america that this guy got into. Have you been in the lincoln bedroom . No, i did not sleep in the lincoln bedroom. Clearly you didnt give enough money to the clinton administration. 47. Hillary said to me something, tom, youll love it. Let me do a data check right now and
Cyprus says the new agreement wiped out previous budgets. It is murder monday. At pharmaceutical group has agreed to buy another four billion dollars in cash. Valley and was stored in valeant was sorted from buying the maker of botox b. Announcement will be made later this afternoon. A change at the top of dish network. Charlie ergen is not going to be the ceo of dish at the end of march. He is replacing joe clayton who is retiring. They keep losing tens of thousands of subscribers while they are investing up to 50 billion in wireless airwaves. That is his next big bet. A pay cut for the ceo of british bank which has been hit by lower profits and a tax evasion scandal. It has been cut 5 . The 2014 earnings fell 17 . The bank is dealing with fallout from a report on how it handled swiss accounts for tax evaders and criminals. The oscars went to drumroll bird man. And 14 oscars last night including those for best picture and best director. Julian moore won the oscar for best actress for
If so, bailout funding will keep flowing to greece. If not, there will be another round of emergency talks late this week. On friday, the eurozone agreed to extend the bailout funds for another four months. We want we won the battle but not the war. The real difficulties including those related to the negotiations in our relationships with our partners are still ahead. Alexis tsipras says the new agreement wipes out previous pledges to cut wages, pension, government jobs. Security has been tight at the largest mall in the u. S. After a terrorist threat. The terror Group Alshabaab called for an attack on u. S. Canada and u. K. Specifically mentioning the mall of america new minneapolis. Jeh johnson says these are threats people must take seriously. If anyone is planning to go to the mall of America Today that to be particularly careful. As the statement you read indicates, the will be enhanced security that will be apparent federal security as well . There will be enhanced security. Joh