Russell 2000 up by. 78 . West texas at 53. 13 up 1. 48 or nearly 3 . The 10year note theres the yield at 2. 28 . The price is lower, the yield a little bit higher. Mandy drury today on the floor of the nyse with bob pisani. Seems like this has been where all the actions been this week, ty. Seemed like the likely place to come down to. Bob, fantastic job yesterday covering the big event. But in terms of todays action, we opened up with big volume. 249 to the up side. Why are we losing steam here . I think there is some realization that greece is still very iffy and china, the gains yesterday, theres a lot of companies that respect even trading there. Some people are saying we dont know whats going on in china. The bottom line is were keying off of greece and china. We did have very smooth opening at the New York Stock Exchange. The nyse said that outage was caused by a Software Rollout that caused Communications Issues between customers. Talk about that later. But it was a strong open as mandy noted. Were drifting lower throughout the day. Volume believe it or not is on the heavy side. Seems like we didnt lose any business down here at the New York Stock Exchange. The s p 500, you can see we started quite strong. Weve been slowly drifting lower throughout the day. Thats what im talking about. Though thats a oneyear chart. The important thing is weve been drifting lower. Big investors vowing to get back into china in a big way. The shanghai and shenzhen indexes, the biggest gain in more than six years for them. 1,400 stocks not trading on both of these exchanges. Thats about half of them are not trading. Thats why people are suspicious of these kinds of rallies in china. Meantime, hopes that maybe well get a deal in greece. Maybe theyll abolish early retirement, raise taxes. A lot of things are floating around. An intraday of germany, thats one of the best days in a long time for germany. Up 3. 3 . Greece does not trade and theyre not open but, folks, they do did trade here in the United States. The grek trades a basket of greek stocks. Theyre trying to estimate where the stocks would trade in greece but they trade here. Thats the important thing. You see that moving up towards the highs of the day as well. I want to note also that crude stabilizing was an enormous help today. S p energy is the big leader today. Financials and materials. Finally, let me just point you over here and show of some of these chinese stocks. All are rally noticeably. 360 is up 5 . All these stocks trade right here at the New York Stock Exchange. When we talk about china, were not talking that something abstractly happens in shanghai a billion miles away. These stocks trade right here at the New York Stock Exchange and you can buy them here in the u. S. You can also buy Mainland China shares using etfs here in the United States. A bit different world than it was 15 years ago. But to your point a oneday rally does not stability make. When you lock up 40 market cap over the Chinese Market and gated large shareholders some people feel thats just throwing fuel on the fire. The chinese authorities have caused a lot of concerns about whether or not these rallies or these selloffs are real by constantly intervening. Their argument to People Like Us is you do it in your markets. Isnt that what qe2 and 3 was . Lets be careful before we throw too many stones here. Sure very heavyhanded policymakers though over there. A news alert in the bonds market right now. 30year notes are up for auction. Rick santelli over at the cme. Whats demand like and what grade are you giving it . First of all, it is 13 billion. 30s are really auction in may so theyre not quite 30years. Theyre 29year 10month. Grade i gave it was dplus dogplus. 13 million ended up going off the dutch Auction Block at a yield of 3. 084 . I never saw a trade higher than 3. 07 in the one issued market. Maybe there was a half trade i didnt catch and it was right at the end. So what happens when it goes off at a higher yield than the one issued range. Higher yield, lower price. Hence the dplus. If you look at 2. 23 bid to cover, below the 10auction average, 51. 1 was pretty close to the 10auction average on indirect. 78. 1 on directs were light. Every metric was light. The pricing was really soft. We werent here during the closure yesterday. 10s were an aminus. So definitely this was the dog of the bunch. 58 billion now on the market and the markets selling off after supply. Pay attention here. Some real important levels like 2. 32 in 10s. You should pay close attention to. All yours. We are paying close attention, rick. Lets get out to the nasdaq now. Bertha coombs. Hi bertha. Hi mandy. We are seeing a broad rally here overall. Some of the biggest gainers include ultra genex on pretty good news on a bone therapy trial. Walgreens, Boots Alliance naming the new ceo permanently. Hes very bullish on their prospects, saying they are on the hunt perhaps for some sort of acquisition. Theyre really pushing forward when it comes to health care. Nasdaq today is stronger. Nasdaq yesterday gained most of the share when we saw those trades diverted from the nyse floor. Today things are back to normal in terms of the level of where things are tradesing overall. As far as some of the stocks coming back that were really beaten down earlier this week sohu sohu. Com has gained back half of the losses today. Chips continue to be trading to the downside. One thing that continues to under perform here is apple. Take a look apple. It just turned negative here on the session. Since it has been added to the Dow Jones Industrial average apple is off more than 4. 5 even as the industrials are only off about 2. 25 . Its one of the big drags. Bertha, thank you. Greece has until the end of the day to submit concrete proposals to creditors. Greek banks remaining closed until monday now with that 60euro withdrawal minute. Chief International CorrespondentMichelle Carusocabrera is live from greece and Steve Leisman has landed in frankfurt, germany where this is all being watched very closely. Begin with michelle in athens. Michelle. Reporter tyler the partially functioning Banking System is putting a strangle hold on the Greek Economy. We want to show you an example. We spoke with the ceo of a Company Called kana laboratories. They distribute pharmaceuticals and cosmetics here in greece. His business is heavily reliant on imports. Started more than 80 years ago by his grandfather. If he cant start paying those suppliers very soon because the Banking System starts functioning again, he and his 200 employees are going to be in trouble. I havent been sleeping okay in the past five years, to be honest. There is a lot of uncertainty. Theyre worried. Were a company that has been active for 85 years. Most of our business is imports. We import raw material. 100 to 120 raw materials. We have stock but it is limited. Although a lot of our partners have given us some space to breathe, if this goes on for longer, it is going to become that real issue. We will become a risk for those companies. If we cant import raw materials, we cant produce, we have to stop manufacturing. I dont see it as an option. So i have no backup plan. But im positive thinking. I see the glass half full. And thats what i want to transmit to my people as well. It is a company which has gone through a lot of difficult times, so were used to surviving and thats what well do now as well. Reporter so up until today, you couldnt transfer money out of the country electronically. Thats why this gentleman is suffering so much with his business. Now greeks are learning physically they cannot carry more handthan 1,000 euros of cash out of the country on their person. They are going to have to set up border controls to make sure people arent getting around those capital controls. Step by step here things are getting worse. Now to frankfurt, germ in i. Clearly a key part of this story as germans are under pressure to make some concessions to greece. That pressure is coming from yes, the Obama Administration. Steve leisman is reporting for us today from frankfurt. Steve . Reporter tyler, thanks very much. Yeah that pressure from the Obama Administration coming in the form of a phone call from the president to the german chancellor Angela Merkel earlier this week along with comments made by treasury secretary jack lew. That is being debated here in germany and it seems to be playing a role. Weve had these very very minor steps here by some of the germans. In fact just a little while ago at a conference across town the german finance minister conceded for what we believe is the first time that greece indeed does need a haircut for its debt but then went on to say theres nothing germany can do about it. It cannot help because of the concern over the Broader European Union and the european Monetary System. Now this issue of haircut and concessions to greece is a huge issue here domestically for domestic politics where on the one hand germans seem to be deadset against any additional concessions in the polls that weve seen. On the other hand they dont want the eurozone or the european Monetary System to be undermined in any way. Thats a big choice that merkel has to make here. We talked to some germans on the street here and we got both sides of the issue. I think it is a really difficult situation. I think we have to do thats what we call johnny correct thing. I think it is a shame germany had a bailout once and now they refuse to give one to greece again. So i think thats the best solution. Reporter so were just waiting now. It should be just about six hours that theyre expecting the greeks are expecting to give some detailed proposals here and what weve heard, mandy, is that if the greeks dont give it by tonight, then the staff cant review it and the european leaders cannot debate it on sunday. So after tonight i think it is going to be more up in the air. And every passing hour i suppose, raises doubt that that detailed proposal is coming from greece. Midnight is crunch time. Thank you very much live from frankfurt. China is now the Number One International investor in United States housing. How does chinas stock market crash factor into all of this . That is coming up next. Dont go away. Procter gamble selling 43 of its Beauty Brands to Beauty Products manufacturer coty for 12. 5 million. Brands like clairol and cover girl were included in the deal. Tmobile boosted its subscribe base to 58. 9 million. Data server and Storage Network company qlogic under pressure as First Quarter sales and profits coming in well below expectations, the shares tanking by a chopping 20 . Lets turn to housing. For the very First Time Ever the chinese are now the top investors in u. S. Real estate. Well get to that story in a second. But lets get out to vienna where secretary kerry is giving a statement on iran. Well good evening, everybody, and let me start by thanking all of you for your remarkable patience. I know in fact all of us involved in this know that this has been a very difficult couple of weeks for the many journalists who are here in vienna with us. But let me assure you, we would not be here continuing to negotiate just for the sake of negotiating. Were here because we believe we are making Real Progress toward a comprehensive deal. But as i have said many times, and as i discussed with president obama last night, we are not going to sit at the negotiating table forever. We also recognize that we shouldnt get up and leave simply because the clock strikes midnight. And i emphasize, given that the work here is incredibly technical and that the stakes are very very high we will not rush and we will not be rushed and we wont let ourselves be rushed through any aspect of this. All that we are focused on is the quality of the agreement, and that is what will continue to define our work. If in the end we are able to reach a deal it has to be one that can withstand the test of time. It is not a test of a matter of days or weeks or months. Its a test for decades. Thats our goal here. And the simple fact is that despite all of the progress that we have made and thats real some of the tough issues remain unresolved. We know that difficult decisions dont become easier over time. In one way or the other, those decisions must be taken very soon. That is precisely why all of our delegations remain hard at work here in vienna and its why a number of my counterparts returned last night and are here now, so that we can continue to push through on the tough issues and ultimately see whether or not the good deal that we have been working for so hard is possible to achieve. Thats what were working on and thats we will continue to work on. Thank you all very much. But how long are you willing to stay mr. Secretary . I just said this is not openended. President obama made it very clear to me last night. You cant wait forever for the decision to be made. We know that. If the tough decisions dont get made, we are absolutely prepared to call an end to this process. Thank you all very very much. Thank you. The president said its less than 50 50 that youd get a deal. Thats what he told the democrats and senators. Well thank you all very much. Secretary kerry choosing no the to answer that last question from i believe nbc newss andrea mitchell. Saying there that it is not an openended negotiation at the table in vienna. He said that the two sides are making Real Progress towards a comprehensive deal but some tough issues remain unresolved. Theyre focused on a quality agreement. Theyre not going to get up and leave simply because the clock instruction a particular hour but theyre not going to sit there forever. Lets bring in eamon javers in washington. It sounds like while it is not openended, there is certainly a willingness to stay longer. Yeah thats right, tyler. Some real negotiating brinks man brinksmanship here on the last side. U. S. Had hoped to be finished with this negotiation today in Vienna Austria but obviously that happened yet. You hear from the secretary of state a willingness by the eye United States to continue to negotiate even though this deadline they had set is now passing but he seriously indicated that they are willing to walk away from this deal. President obama telling members of Congress Just last night that he thought the chances of getting a deal might be less than 50 50 and president obama giving his final instructions to secretary of state john kerry last night in a Video Conference with the secretary of state. Clearly a key moment here now for this negotiation. Will the United States walk away . Will the iranian side continue to make concessions . Will the United States offer concessions . All of that up in the air right now. And a lot of this is going to be some stage craft here and Stage Management here, who is willing to walk away who is willing to sit down. All of that posturing now very important as they get to the final stages of a deal. At this stage what is the key bargaining chips the United States is left with to bring this to a resolution . One of the things the u. S. Side can talk about is the resistance here in washington to any deal with the iranians. They can tell their iranian counterparts across the negotiating table that republicans in washington are not going to support a deal that goes too far in their eyes. That they have simply reached the limit of what they can do. And also that threat by secretary of state john kerry to get up and walk away from the negotiating table. That in any negotiation is key. If you say, hey, ive gone as far as i can go now im getting up and leaving the room. Thats the point where you have to fish or cut bait. Thank you very much for that eamon. Lets take a look at oil prices which were already rebounding today by the way. Ice brent is currently sitting up by over 3 53. 49 for wti. Well keep a very close eye on whats happening with crude and if there is any machltovement on the back of these developments or nondevelopments. All three major indexes rebounding today after yesterday. All up more than 3 . Shanghai up by nearly 6 . Are there opportunities in china or is it better to stay away . David riedel is a longtime china investor. David, ive been struck here by the idea that in a market where the government by fiat can say basically half the stocks arent going to trade and we dont know when theyre going to and that sellers cant sell and we dont know how long thats going to be, that this isnt really a market as we know it. Is that a fair characterization . Well, there is a couple of things that call into question chinas Securities Market as an efficient market pand asand as a reliable, investable market. Theyve shown their ability to halt things to bring to braer tremendous government intervention. It is also fairly divorced from fundamentals. This is a market that underperformed during the time period when chinas economy was doing so well and has now outperformed dramatically during a time their growth has sloan down. This is a very retail market, it is not a very deep market. It hasnt had the kind of experience, depth and humidity of a hong kong for example which has always been our preferred way to play china growth. I think you are quite right. There are definit