Extraordinary moment for sports specifically womens. You go, girl. Matt we kick it off with our top stories. Those are two of them. The next move may be up to greece after voters rejected more austerity. Whatever greece does next, it will happen without Yanis Varoufakis. He has quit. He says there is a certain preference among european asp among european creditors that he no longer be involved in negotiations. Alexis tsipras that the no campaign which received 61 of the vote. He called it a courageous choice. Today, we celebrate the victory of democracy. From tomorrow, we continue and will complete our National Effort on exiting the crisis. The greek peoples believe in our own strength and justification we are right. Matt germany and france meet up today said decide a common response. Greek banks may run out of cash in hours unless the ecb extends another lifeline. Stephanie john kerrys temporary expectations that a nuclear deal with iran is imminent. He said negotiators are not where they should be on the most difficult issue. Talks have gone on a record nine straight days. The u. S. Says it will only agree to a deal that restricts irans ability to get nuclear weapons. President obama makes a rare trip to the pentagon today. He wants an update on the fight against islamic militants in the middle east. Coalition air forces led by the u. S. Launched 38 air raids against Islamic State targets. The president is expected to hold a News Conference after he hears the progress reports. Donald is Going Digital in china. The wall street journal says it will Start Testing mobile ordering and payment in its Chinese Markets. Sales fell almost 5 in the First Quarter in china reports linking the chain with a company that sold expired meat. Matt in soccer, the u. S. Became the first threetime winner of the womens world cup. They raised to a 40 lead against japan the first 16 minutes with three goals by new jersey native carli lloyd. The final score, u. S. 5 japan to know. The winner avenges loss against japan four years ago. Lloyd was named the best player in the tournament. Absolutely thrilling. I realized yesterday i have been watching the whole tournament. I much prefer to watch womens soccer because they do not think injuries as much as the men do. Stephanie they are not the drama queens that men are. Matt men go augh he breathed on me. The women just go on with it. Abby wambach was hit so many times in the head and she just rolled with it and did not bother stopping to show us her pain. It was great. Stephanie welcome to the real world. Women can handle pain. Now we take you to the five things you need to know this morning. I especially admired matt millers honoring women. Matt if theyre awesome to watch, i will watch. Stephanie number one, i want it to the u. S. Womens soccer there has to be greece. Greeks creditors turned up the heat on Prime MinisterAlexis Tsipras. European finance ministers are waiting on a proposal to restart bailout talks. Following it is aired is Erik Schatzker. He did miss the fourth of july but he is ok. And i have the ceo of greylock Capital Partners with me. He understands how to invest in greece. Matt and he is kind of canadian. Stephanie talk is talk us through what this vote really means. First thing i have to say is that it caught almost all of us outside greece by surprise. Our sense was that the yes vote may have had a margin in favor. Regardless, it was going to be a close vote. To have this kind of a landslide come in for the no to back tsipras caught us by surprise and puts us in uncharted territory. We do not know where it is going. Matt it is interesting this took you by surprise, because you are as close as any non Greek American to be as an insider here. You are the only american in talks with greek creditors. You have owned various great debt. Greek debt. You have been playing this the entire crisis. The one thing about it is unlike 2011 and 2012, the private sector is not at the table. This is an official negotiation. The imf. The institutions. That is part of the problem. When we were negotiating with the greeks, we were negotiating with the eu in effect. Here, there are so many different people coming and the negotiations at the last minute. There was legitimate frustration on both parts that the targets were always moving. The europeans have a habit of making messy solutions to straightforward problems. Iceland, ireland. Someone finally called him on and puts a referendum. A it caught a lot of us by surprise. Matt eric, how was in athens during the vote . It looked like the yes was coming ahead a wild. Erik i think i can explain how everyone outside and inside the country got the polls wrong predicting a narrow margin of victory for either side. That is because we thought the comments the common sense would prevail. We looked through it or that lens. We thought the greeks would analyze their predicament in existential terms. Are we in or out of the euro . It seems the government was successful in its efforts to frame the referendum as a yes or no to austerity. I am not surprised. Go to 60 of greeks and say if you had to vote in favor or against of more austerity, of course they will say no. No one here likes austerity. It is the 40 who looked at her through a different lens that voted on the yes side. Everyone else thought selfishly. Stephanie who was the winner . Erik that remains to be seen. I will put it in these terms. Which country gave us the phrase pyrrhic victory . Greece. Greece fought the romans and got such losses that the victory in battle was essentially a defeat. The greeks were totally tapped out but the romans had more forces to draw to battle. That is what greece faces now. A victory in name only. It is not clear that citrus has any support. If you look at the hardline position european leaders are taking, it is possible to draw the can region he has a less powerful negotiating hand. Matt hans we were talking about this last night. It seemed that all of us are in all of a sudden, we saw the tsipras boldness. They are playing a game of chicken but he is playing better. Hans i was trying to decide whether the guy was really in or create he. It is probably some combination of the two. Tsipras phuong this won this in the short term. The referendum was so generally phrase that there is latitude for the greeks to go back and present the europeans was something more palatable. On a personal basis they may have stephanie erik, do we know about voter turnout . Erik voter turnout was great. Something like two thirds of registered voters. Further to the point of that, voters who came out effectively were right. That is because they did not think about this in terms of the existential euro question. Neither our Financial Markets this morning. The euro is trading at about 10. Treasuries at 2. 30 . It is far from armageddon. There are a lot of unanswered questions. Greek banks may not open tomorrow. There is a slim possibility they will. But people are looking at this and saying it does not look that. It is bad for greece erik but does not matt but it is not look bad for everyone else. Stephanie who was on the other side of the table . Schaeuble. He wanted a temporary exit and maybe bring them back in. I do not know how feasible that is. Varoufakis resigning opens a little room but the other side of the table is so offended by the way this has happened, it will be difficult negotiations. Stephanie are you surprised it is not more than armageddon scenario . People were changing their plans yesterday, saying i have to get back to work tomorrow. I am surprised and relieved. Having armageddon out there would be tough. It reduces the latitude for greeks. This can happen and no one is bombing out italy and spain then europeans will think we can let the greeks go. Matt we appreciate you getting up early this morning for us. Erik we will see you again. He will continue to report from athens. Hans humes i called him late last night to come in. Stephanie and we appreciate it. We want to talk more about the modest Market Reaction. I cannot believe we are still doing our top five. Number one was really everything. Number two is Market Reaction. Funny, we thought we would see so much. Funny go that is perhaps vonnie we are waiting for the european response. A 3 move at the open overnight in the euro. It bounced back over one dollar 10. We are at a dollar 1005 now. Even if we get an all and response from the ecb, the most positive we could get, it may not be. That would mean a Balance Sheet expansion. A lot of people are waiting. Matt thank you. We want to get more commentary on greece from a famed economist. He called out germany saying the stanzas hypocritical. And then interview with a german newspapers he said when i hear the germans say they maintain a moral standpoint about that and believe they must be repaid i think what a huge joke. Germany has never repay its debts and has no standing to lecture other nations. I read the entire interview. It is an interesting concept. You have to compare the greek atm crisis with world war ii stephanie that is what an economist can do, because they love nothing more than eerie. They do not have to get tactical. Hans has to. Matt germany was flattened. You can easily make the argument they deserved that, but millions died and the entire country was destroyed. That is different than what happened in greece. Stephanie number four, julie hyman has that. Julie we have to talk china. Most chinese stocks falling despite support measures over the weekend. More than two stocks dropping from each one that rose, even though overall is the index rose because we saw large estate owned companies on the rise. China next measures smaller companies. It is at 4. 5 or so. The attempts system the recent declines and markets including the suspension of ipos, centralbank support for marginal trading, and stopped state run financing, but i did not enough that did not do enough to believe sentiment in china. Stephanie number five. In case you guys are already at the beach, aetna got a three 5 billion stock and cash for humana. It is the first in expected waves in consolidation and the health care industry. The tie up with and some anthem could be the next. A lot going on. It will be a sleepy return after vacation. They should have been on the li a. I was on the garden state parkway. Lots of focus on it. Matt i spent some time on it. Next, great politician turned traitor talks about he is investing in the latest developments. In the u. S. , we talk energy. Stay with us. Welcome back. I am and schatzker in athens. We have the president of a Securities Brokerage firm in athens here with me. We have to begin with the obvious. What if the banks do not open . I do think they will. When will they open . After the agreements today. When will that be . I do not know. Until tomorrow evening, we are seeing the meeting of european leaders. Then we have to wonder when will this be agreement. When will there be an indication of an agreement going on. Erik what if things stay closed another two weeks . It is bad for greeks from every point of view. A negative development. Vonnie is your erik is your firm doing any business now . No. We are related to the platform and are very small in it. Securities increase an outside greece, we cannot buy or sell. Erik what kind of hope the you have now that this government with a no victory behind it, can reach a deal with europeans . There is the council of political leaders in greece. It seems they are winning about. An agreement that they support europe and the European Union or should tsipras be more in power. I believe we will win we will show the will that we did not show before. Erik to do what . To accept concessions . Yes. Eric how hows that possible. You had a referendum against austerity. The question of the referendum was fake. What it means, you want austerity or no austerity . Who would say we want austerity . Anna they voted no. Lets take this opportunity. Give me your prediction. What is the likelihood that greece leaves the eurozone . No one wants for greece to leave the eurozone. Erik give me a percentage. I believe it would be they were be measures to be out austerity. Erik so you think they will be it out. We have to leave it there. We will be back in a couple minutes. Stay with us. Stephanie julie welcome back. With greece voters backing tsipras and rejecting that referendum concern about the economic feature is having an impact. We hit the futurist trifecta. Old, oil, and the euro. We are seeing a lot of fluctuation across all three of these. What kind of action do we see in gold . Good morning. What we have seen the last six or seven months is that it is stuck in a range. It is at the lower end of that now. The last two sunday nights, we had trouble in greece but gold failed to rally. There is a lot of pressure on gold because of the dollar and what is going on throughout the world. People want a hard asset and gold is a goodbye here. 1165, 1170, anywhere in this area, i want to be a buyer of gold. What will happen is that all of the stocks will flesh out the system and we see a bigger move in gold. Julie is the turmoil we have seen so far has not given a boost to gold, why will that change . People look at gold as the wrong thing. It is not a replacement of currency. It is a commodity. The difference is that it is a hard commodity you can hold forever without it losing value. With the overly strong u. S. Dollar the last six months and the week is in the euro and other things, it has put pressure on gold. But if you look at it against the euro, it is higher. Money will start to flow out of markets. I believe this is a terrific area to start owning gold. Julie we go to oil. Oil not just feeling the pain of greece, it is also being affected by china and negotiations with iran. Did you do something ryan . Julie do you have me todd . It looks like we lost him. We will have to leave the oil and euro discussion for another time. We will talk a lot about those this morning. Stephanie thank you. We have to lead with whatever greece does next, it will do it without its controversial finance minister. I am guessing he is on a asked track to the greek islands now. Hours after voters back the government and voted known to austerity measures, Yanis Varoufakis got on his motorcycle and said he is quitting. He says european creditors referred he not be involved in more negotiations. Greece will now try to get bailout talks restarted. The greek Prime Minister called on the ecb to send another lifeline to the countrys banks. Our immediate priority is the speediest real opening of the banks for financial stability. I am sure the ecb understands the humanitarian dimension of this. Stephanie the leaders of germany and france will meet up today to come up with it, and response. And it will be an emergency euro summit tomorrow. John kerry is downplaying speculations that a deal on Irans Nuclear program is imminent. He said negotiators are still shooting for a deal by tomorrow. Over the past you days, we have made genuine progress. I want to be absolutely clear with everybody. We are not yet where we need to be. Stephanie the chairman of the Senate ForeignRelations Committee warned against rushing into a deal that would be too lenient on iran. The new ceo at rollsroyce is rolling quickly on his second day on the job. Warren east cut the outlook. He also halted a share buyback. Dimon demand has been sluggish for jet engines used on certain airbus planes. The cofounder of a wellknown Natural Cosmetics company has died. Bert savitz gave his name and his bearded image to birds bees burts bees. He was a beekeeper in maine. Burts bees was bought for 925 million. He was 90. Matt i was just using that lip balm. Stephanie and your lips look fantastic. Not chapped at all. Matt will go back to athens to hear from a member of the Opposition Party on chances for a new deal when they come back. Stephanie and Erik Schatzker anchors a special our on greece starting at 11 00 today. No grows will be among his guests. You are looking at a shot from bloomberg headquarters roof cam gazing at the empire state building. A hazy morning in nyc here, but not a lazy one. A ton of news items the cover. Greece and focus as they vote no. The state of the country still undecided. We are asking the questions what are left to the countries. Who better to answer them and has fair, live in athens, with an empty of the greek new democracy party. Erik thank you. This is a member of the leading Opposition Party. This lady is as american as she is great educated and now in parliament in athens. Thank you for being here. 61 know, how did that happen . People bought that they were voting for or against austerity. That was the way they received it. To the extent that capital controls inspire fear and they were standing in line, they believed mr. Tsipras. He told them this is not about our future in europe. He said i will have a deal in 48 hours and the banks will be open tomorrow. As taking that as a guarantee, they voted against austerity. The majority of people do want to be in europe. Erik more than 80 . So what happens tomorrow . Do the banks . Open . It looks like he will try to negotiate a deal. I do not think the banks will open. Erik tsiprass party has frozen on the opposition to help reach a deal with creditors. What i continue . I do not know. We have said we need to get a deal done. Things are getting worse and worse. We have called for some sort of talks that have been. That is when he had 40 of the elections. Now he has 60 and the referendum and all of a sudden he wants to talk . Erik he may want to talk because practically speaking, what kind of role does the opposition half after this repudiation over the weekend . The important thing is to keep greece in the eurozone. That has always been important for us. To the extent that we can have positive constitutions in that sense, we are happy to do it. But we have a different conception of what this deal should look like. Erik what is an acceptable tradeoff with the europeans . It should look like less taxes on the private sector and less spending cuts and more reform. And now it that has become an issue. When you talk about economy in recession, you have to talk a