States say its time athens got its house in order. The talks are being billed as greeces last stand. As eu Prime Ministers arrived in brussels for an emergency summit on the bailout crisis, there was one question on everyones lips, will greece leave the eurozone . Its being mentioned as a possibility, but we should evaluate both proposals. The greek finance minister made his first appearance at the talks after his predecessor stepped down following sundays referendum. His government is expected to put forward new reform proposals on wednesday to dissuade creditors to reopen talks before greek tanks run out of money. The proposal the germans say are essential to unlocking any further financial help. Without a program theres no possibility to help greece within the framework of the eurozone. Of course the eu has obligations to help greece, but we are waiting for a decision from the greek government. Paris and berlin remain divided on the issue. France says its doing all it can to avoid g
Yesterday markets didnt hold on to the morning gains. The markets down for the fifth day in a row. You can see things picking up this morning with the dow futures up by 85 points. S p futures up by 11 and nasdaq up by 37. Flat yesterday . Down by about five points for the dow. Yeah. Lets tell you about some stocks to watch. Barely down but ended down for five days in a row. You know the dow is one thing. Comcast was up. I just happened to see it. Not that it matters. A couple of stocks to watch. Intel with better than expected Quarterly Results. Growth in its Data Center Business that helped offset demand for pcs that used the companys chips. Well talk to an analyst about all of that. Also netflix shares are up sharply. Company adding more subscribers than forecast in the latest quarter helped by overseas expansion and that stock rocketed yesterday afternoon and ebay nearing a deal to sell their Enterprise Business for about 900 million. Theyre lead by mara and sterling is in there and
Military base. And deep beneath the streets of london to see how the most advanced Railway System is taking place. And hitting back at doping allegations saying they are a joke. Could be the victim of a conspiracy dozens of titles may have been won by cheats. Hello our top story. U. S. And russia have offered their support to gulf states as the region deals with conflict and crisis. The countrys top diplomats john kerry and Sergey Lavrov, have attended a conference in doha. Intelligence training and special forces training for his gulf allies and he reassured the allies that the recent agreement with iran would create stability. Hashem ahelbarra has the story. John kerry is trying to convince long standing allies that Irans Nuclear deal with world powers will bring peace and prosperity. Translator the five other European Countries have technology and knowledge in the nuclear field. The countries of the council welcomed it on this basis and what john kerry demonstrated about irans devel
It is just 6 00 a. M. In london. Guy Commodity Prices and what has been happening to the rba. Dropping a critical line. It is focused on commodity adjustment and how it is feeding back into the aussie. Anna just a few months ago, the rba talked about needing further adjustments. The currency is down by 35 . Now, we are seeing a little bit of adjusting. Guy this is the aussie dollar versus the dollar. You can see a nice little spike happening here. A little bit of context is required. Let me show you some different time frames. This is the one year. To give you a sense of the declined we have been seeing. And the fiveyear. Anna it is a hurdle for any kind of further rate cuts. Lets talk about this in a little bit more detail. The bank of australia has cut the key interest rates. Bloomberg juliet is standing by with an update in hong kong. Tell us the latest. Juliet a nice surprise today from rba. Rates are on hold. Where carefully watching the language in the upcoming statements. Bloomb
Today, Hurricane Irma struck with less force. Stocks rising for a fourth day. The dollar is rising. All of these currencies are declining against. We are seeing the dollar, we are seeing a move in bond yields, commodities. Sterling is holding its own against the seemingly unstoppable euro, suggesting investors are finding some value in the uks currency. Sterling concluded a second weekly advance as the common currency strengthened to its years on theo dollar. The moves showed negative trading psychology on the pound is breaking. Best 92 s 92. 67 pence. Now. Pence as of Money Managers saw the value of copper plunge last week by 2. 5 , halting the longest rally in a decade, is consecutive weeks of games. Hedge funds, large speculators increasing their copper long position by. 4 . The short position rose for the first time in six weeks. Copper supplies are tightening. Production shortfalls are overhyped. Goldman sachs has said the metal is 10 above fair value. The price of one of the most