i am manus cranny. coming up on the pulse, we ll be speaking to the former a tie in finance minister and the bank of italy director general emeritus the british co simon: money emeritus fabrizzio saccomoni. angela merkel warned that the clock is ticking. time is running out. where emphasizing the social cause they need to be made. and on to resolve the situation as it is. manus: let us get to our team. guy johnson in athens. once nichols in brussels. hans nichols and brussels. guy, let us go to you. it is about the banks. european central banks is holding europeans bank is holding firm on what they loaned to the banks so far. guy: paul will give you the details of what is happening. the banking system remained shut. this economy is grinding to a halt. the agency said about depression . that is what it feels like at the moment. businesses are shutting up. they cannot get more credit. npl s were already bad. they are going through the roof at the moment. the greek taggi
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 early today. the u.s. and other powers want to stop iran from building nuclear weapons. in return, they will use economic sanctions. matt: samsung came up short in the second quarter. earnings were made estimate. a big reason was lackluster sales of the new phones. we have more from hong kong. all the hype of the s6 failed to meet market expectations. it wasn t so much demand, but a supply issue with the edge model and the one-of-a-kind curved screen. constraints lead to shortages. sales dropped nearly 9% from a year ago. profit was down 4%. samsung still struggling to win back customers who switched from the iphone 6
what list? that s on my the other one. the one that begins with an f. my husband did that a couple of years ago. before i knew him and i m glad about that. and that would make me that s just me but that would make me just wonder. wouldn t you like to at least be there for that once? i read sun also rises. i got the sort of the romantic idea of what s going on but i would never in a million year dos that. i wouldn t want to be running but as a spectator it could be interesting. i would never jump in a from one of the windows a couple of stories above. would you do a flying squirrel? i ll never do that either. i don t think i ll ever jump out of an airplane. perfectly good airplane. not once you have kids. not for any charity or stakes whatsoever? if there was a charity and a certain amount of money i d think about it and then decide not to do it. if this was a golf outing on the other side of it. when i see a really close out of bounds that s
low. shake shack and tesla both getting slapped with downgrades. star bucks raising prices but coffee addicts keep chucking. we ll talk about why. first up it is the sign of a resilient u.s. stock market. eurozone officials are meeting today pushing for new reform proposes from the greek prime minister. banks and stock markets remain closed. pictures of people waiting outside the banks. pensioners trying to withdraw some money. there is a sense, has tsipras built political capital post referendum in. i think that merkel is making a stand. there s really good articles today about how merkel has emerged as being pretty much a dictator. and the wall street journal writing a story this morning about germany s rise in power over the last eight years. it s going to make it so it doesn t look good for tsipras. this dollar being strong earnings season starts tomorrow carl. cut numbers, cut numbers, you re going to have to cut number for every international company. this is
dow down 37 points and the s&p nudging back up towards the flat line at 2066 and change and nasdaq in percentage points the big lieutenantser, down two-thirds of a point. seven of the sectors are low for the year including staples, i.t., financial, industrials, utilities and energy rounding out the bottom of the pack. both down more than 9% year to date. oil getting hit hard again today before staging a bit of a comeback. there you see it s got modest losses right now. west texas intermediate at 51.97. ice brent crude at 56.43, down 11 cents or about a fifth of 1%. and then ty yield falling enough that we re starting to hear about lower mortgage rates. the ten-year right now earning 2.221%. euro group leaders meantime emergeing from a crucial summit on greece about one hour ago. the result nothing, according to reuters. another meeting set for tomorrow. the eurozone summit is under way now. yields meantime skyrocketing on the greek two-year bond at 49.5%. the etf that t