Production for ten years and access to nuclear fuel and equipment for 15 years. Iran has to approve to the International InternationalEnergy Agency that it met it under the terms of a deal. Take a look at whats happening with oil prices. Theyre down by about 2 . This is coming because irans oil is expected to be coming back to the market. Thats putting wti at 5118. Not everyone is happy about todays news. Officials are condemning the deal. Benjamin netanyahu says it gives iran a surepath to Nuclear Weapons. Here in the United States congress now has to approve the deal and its expected to be a tough sale with many lawmakers saying they date of birthont think its close enough. President obama will make a statement on iran from the white house. Thats coming up at 7 00 a. M. Eastern time and we will bring that to you live when it happens. Our chief washington correspondent joining us on set to talk about all of this. This is a deal thats a long time coming. Many people thought it would not happen and we saw several deadlines missed along the way. How good of a deal or bad of a deal is this and how do we enforce it . Most observers agree its not a great deal. The question is compared to what . If you dont have a deal iran is relatively close to break out capacity for achieving Nuclear Weapons. This tries to slow that down. The alternative is to either allow that to happen or have a military confrontation, third option would be continuing sanctions for a longer period of time but the this president believes this is a chance to change the trajectory of this relationship and have a longer lasting effect on Irans Nuclear capacity with this. The interesting thing about congressional approval is they can stop it but they would have to override his veto. If they say no he could veto that measure. They would have to override that veto to stop the deal. So his odds are pretty good. An override is 2 3rds. How many . 290 in the house. So his odds of sustaining the deal are pretty good but he wants to get an affirmative vote which is going to be tough. Do you ever think i dont know if anyone thought the deal did you ever think it wasnt going to get done . Its quite obvious. The president kept trying to win over cynics saying i will walk away from a bad deal. Then he said 50 50 and then under 50 50. But thats the language. Nothing is a bad deal. I agree with you. He wants this badly so thats actually a burden for him in selling it if people look at this and say we know he wanted this so badly. There were reports that iran was cheating trying to get access to differ materials for Nuclear Issues as recently as a month ago. If thats the case why should any american feel secure with a deal like this . Not just americans but our partners in the region . I cannot touch for the verification procedures in the deal. First of all i dont understand them but i dont know what they are. But he has said unless this deal can be verified in its capacity to limit prevenn iran during the window to get a Nuclear Weapon and slow it down afterwards. Can you explain to the extent you understand how it works . What the ten year window is and five year window is and what can be done during that period . Iran is not destroying its nuclear facilities. Right. What its doing is moth balling them. Dismantling some components so they cant get further toward achieving a Nuclear Weapon during a ten year weapon. In return sanctions are going to be lifted on oil and financial sanctions. The Administration Says that if the verification procedures for seeing these facilities are moth balled are are violated they can snap back the sanctions. Thats a challenge. We dont know whether thats actually going to be achievable . Either the verification part or snap back part but thats part of how the administration is going to try to get these to congress. How quickly can we pull back from all of this if we get anxious that were not getting what we want . We can put back quickly. Is it just our decision or with the European Partners . Thats the other dynamic. Pushing the president toward embracing the deal. Their argument is if the argument is no deal means continued sanctions indefinitely, their argument is you cannot do that because you have is too many people that want to do business with iran that are going to back out of sanctions. That are going to stop supporting sanctions so you cant sustain that regime. Thats part of their argument. But the iranian people have had good thoughts at least the younger generations toward america. Do you think thats the case . How long does it take before those younger generations are in the positions . Thats part of the hope of the administration. This is a president that came to office saying what he wanted to do was have a different approach to diplomacy. The Bush Administration had 8 years. They didnt stop the Nuclear Program. The question was on the table, pushed especially by Vice President chaney do we have a military confrontation with iran . This one said no were going to engage and negotiate. He changed relationship with cuba and now he is trying to do this in a durable way with iran. Stakes are higher. This is a more dangerous region and a more dangerous particular situation and well see whether he can persuade people. What happens is not only right now with the rest of this administration but what happened with the new Administration Whether the tone or tener changes and what that means. Its an executive agreement. But theres people that said we cannot enforce what we can already do on issues. Someone else comes in and has tougher thoughts on these things it could change the entire tenner. A new president could with draw from this deal. So it is is it durable enough to out last his presidency. Is it too hard for somebody else to say differ approach to iran than president obama struck. Thats all of that is on the table and thats what this summer will be about. Thank you very much. Are you sticking around . I am sticking around. I got some political news for you. I hope so. Are you going to talk about the speech yesterday . I will talk about the speech but im really talking about john kasik who is the new entrant to the republican race next week. Scott walker was yesterday. John from ohio very intriguing politician, spent time in washington. Spent time as a Television Host on fox. Worked for lehman brothers. I know. Now into the race. Are you going to do a deep dive on all 19. Gives you something to do right . It does. Thats good. Everybody needs something to do. Some of them are more serious than others. How do you know . You have 19. Im looking at jeb, walker rubio. You have a lower bar than the debate then i can look at jim gilmore, the former irs commissioner who is running. Jim gilmore . I can make some thats what you call them right . No thats not true. Contrary to what i have been watching on some of these who have you said no to . I havent gone through the list yet but have not scheduled one with donald trump. Hes number two. Hes in second place. Hes the one guy i would. And you wont put him on your best seller list either. Thats cruz. Im confused. Have you done cruz already. I did cruz. Great one with cruz. I remember. Lets check on the markets this morning. Last i saw they were down fractionally. Thats what were seeing right now. Down about 7 or 8 points. Yesterday was interesting in that we maintained a 200 point up move even though everybody is saying wednesday is not a done deal with greece although its so weird that the austerity measures are worse than what tsipras initially rejected but he might have to go across the aisle which we never do in this country anymore but go across the aisle to get the deal done. Well see if it happens tomorrow. Giving back a little bit after a nice move as well yesterday. Probably will refocus at some point to see what starts happening over in china again. A lot of interesting pieces today that i have seen that this really does kind of have a lot of people questioning whether everything is is going as well as he hoped. This is a blot on whats happening in china. Heres whats happening with iran today with the deal being done. Threatening that at some point. Well see. But 51 today. Take a look at the ten year and get through these quickly and move on. Ten year 243. It was interesting that the yields started heading higher after greece got settled because it wont give the fed an excuse to delay again in september. Even though some of the members obviously, just act like theres a nice disagreement and discussion so well think they arrived at the right decision when they finally do. And 1153 and gold hasnt done much. Its two years at least on that. A rise that everyone forecasted at 2000. Took a wrong turn at some point. Were still down. Much closer to 1,002,000. Lets talk about the big corporate story of the morning. Chinas state owned unigroup is reportedly planning to make a bid for the u. S. Chip maker micron. The wall street journal with the offer price at 21 a share. Thats 23 billion in total. It would be the biggest chinese takeover of a u. S. Company. Previous record a 7 billion takeover of smithfield foods. Tsinghua is the largest chip design company. It had a majority stake in the chinese server and Technology Unit and news of a planned bid for micron came hours after David Einhorn augusted that micron would be worth more than netflix. He has been a fan for at least two or three years. But he is not a fan of netflix. He said Something Like red ink is the new black. But he did an interview with scott he was on the micron band wagon for quite sometime if i remember. Other Global Market news greece remains front and center. Michelle joins us from athens this morning and the front page of the Financial Times this morning is raising questions about this. It says tsipras faces rebellion in athens after accepting that 86 billion euro bailout. Whats the mood there . He faces rebellion within his party and he will have to reshuffle his cabinet but hes still going to get the votes. The opposition is going to go along with him. Hell lose a parliamentary majority but all paths lead back to him and to passage even if it gets messy. The other story with a lot of attention is the former finance minister, he is back in the news because of an interview he came to a magazine called new statesman in which he admits he had a plan for grexit ready to go and he was ready to print ious and hair cut the ecb and seize the sennal bank here and he was saying in the article that this was about getting an even better deal out of the negotiators and creditors when a lot of people read that and think, gosh we would have been going to grexit more than a week ago. If that plan had put in place it wouldnt have lead to a better deal from the creditors. It would have pushed greece into the abyss in terms of leaving the euro. Michelle just in terms of what he is now recommending people do tsipras is now coming back and saying this is the deal we have to take. The rhetoric is gone. He is saying this is the best possible situation after calling them blackmailers just a few days ago. Is he on board with that at this point or is he stoking these names . Hard to tell because this interview was done before the deal finally done over the weekend. I can tell you that on the ground its mixed. The people that voted no and wanted no and wanted to leave the euro still want greece to leave the euro. Theres a couple of sound bite where is they said wow, these guys pushed it as hard as they could and this is all theyve got. There must not be a better deal to be had. So tomorrow is when the vote is going to happen. Theres going to be a protest in front of the parliament. How big it gets who is involved, thats going to tell us to what degree theres really a sense of unrest that could happen as a result of putting in place all of these reforms that they have fought off against for so long here for the last five years in greece. Its still your best guesstimate that this is passed by wednesday . These changes ask from parliament by then . Theyll get them passed. Theyll pass probably the implementation law thats going to be required and that will be probably good enough so that when all the finance ministers get together on thursday and the ecb gets together as well that theres some kind of positive signaling so they can come up with intermediate funding so that way the ecb can get paid on monday. Thats everybodys goal right now. How do you get more than 3 billion euros in payments to the ecb so greece doesnt default on them as well as the imf . Thats the immediate goal. After that greece has all of these other steps to do and meet before theyll get one red cent that helps them fund the government. The only money in the shortterm is to help pay the ecb so there isnt a default on that debt. It does look like the support will be there for the banks to reopen though . So you think of opening banks as a continuum, right . Rather than this or that so they might get more cash which would mean maybe you could get more money out of the atms. Fully opening the banks at this point youll probably have to recapitalize them. In the plan theres money set aside that if they pass all of the hurdles, theyll throw billions into the banks. That would mean they have enough confidence to go back to the bank and not take all their money out the second that it opens. Thats what they want to avoid. The impliations of that are people that will end up dill lututed. If they dont comply with all of those hurdles so they can actually get the money for the recapitalization of the banks, you end up with cyprus and you have to hair cut depositors. You have those that put millions there. Here there are very few depositors left above 50,000 euros here. They would have to really squeeze the poor people that left their money in the bank unknowingly. Michelle, thank you. Well check in with you later this morning. In the meantime we have been watching the market. The dow edging positive for the year rallying amid relief of a greece deal. Joining us now with more on where the markets are headed is nancy, senior Vice President and thanks for being here this morning. Thank you becky. Anybody that was looking for gains in the market like we have seen in recent years has been sharply disappointed this year. Do you think theyre in for more of the same in the second half or there is something where the market is setting up for a rally . The latter. Earnings are starting to strengthen. Well see that in the second half. This season will be very important. Im looking at top line more than focus on bottom line just due to the Financial Engineering that we have experienced in recent years but i do think that things are starting to get better. Next year looks better. The rate of change on the dollar should slow and that will help the multinationals and oil is a benefit to big chunks of the market. Thats certainly something a lot of people are are hoping for but theres always the third scenario which is the market takes a big correction that comes in. Based on whats happening geopolitically. How do you weigh the two factors of where earnings are headed and what happened with the other scenarios . I think the fed is in the market to a certain extent. Im not as concerned about that. Its the event that is troubling and potentially what gets you. So im concerned about that of course. Our themes are that volatility will continue. Its with us for the foreseeable future. So volatility is difficult to manage against and in but the volume continues at a rapid pace. That provide ace floor and valuation is important. Im not arguing that its a straight up from here. I think we have a lot of difficulty ahead but i think that the trend is up. We do get earnings from the big financials today including jp morgan and wells fargo. Thats a sector you like why . Valuation is one. Theres a lot of pent up Dividend Growth opportunity. I like that a great deal and if we do get even actually a fed hike thats beneficial to the bottom lines but from a valuation standpoint theres attractive opportunities. Do you look at either of those stocks in particular . Jp morgan or wells fargo . We own them both. Were keen on the report. What are the takeaways we should be looking for this morning . Mortgage originations across the board . That. I think managing to the Employee Base. We really need to see continued cuts in some areas and i think you have to look at the Investment Banking activity and how dominant it is. Nancy, thank you for joining us this morning. Coming up much more on the Iran Nuclear Deal plus scott walker officially throwing his hat into the 2016 president ial race. It welcome likeooks like have you ever been to a hockey gail with the hat trick . Everybody throws their hat on the ice. They call that a carli lloyd. From jersey by the way. I forgot that. Gop field getting more crowded by the day. Well hear from another possible candidate. Next. But first well head to break. Heres a look back at this date in history. When you get up to 50 off thousands of hotels with travelocity it means you can also afford to get up to 50 romanticer romantic sunsets. Making it the place to find a place for summer escapes. Go and smell the roses. Good morning, if youre just waking upright now, news iran the u. S. And five other world powers reached a deal. Teheran promising to curb its Nuclear Program. In return economic sanctions will be eased. You can take a look now at Oil Prices Moving as a result of this. They are down. Wti crude by 51. 14. Theyll get on to the market. In the meantime president obama will make a statement on this deal from the white house. Its 7 00 eastern tile and of course we will bring that to you live when it happens. We have a special treat today. Youve already seen him. One helping. The first course. Probably even an appetizer but here with a special treat, john harwood. We had that written before. Stuff just changes in Live Television all the time. And he actual hily recently sat down with Ohio Governor john casik. I think we have known he