But Bernie Sanders. China its a huge day around the world and Varney Company is go to begin. A lot of tension and happening around the world thatc1 a lot of tension and happening around the world that will influence your income your 401 k and a lot of other things like commodities and on that note lets take a look at oil. Down more than 10 , were less than a week into the month and dothing again after being up a little earlier today a lot of news coming out of iran that could make that go lower or higher. Lets take a look at gold in the traditional safe haven, its down 15 at 1157. The ultimate i call it the safety if you will our yield. Obviously money pouring into u. S. Treasuries once again, dothing six basis points 2. 22 . Its amazing the last two weeks out of greece and Ashley Webster with the latest from athens. Ashley. Ashley hey good morning to you charles. Wel157 we continue to wait to see what happens in brussels. The greasis are b10ng asked to give a new proposal on how to tackle their debt load of 356 billion. It will be interesting to see what kind of reception they get in brussels after the overwhelming no vote. How lens by my count, 15 of thepho8 remaining members of the get going to be pretty harsh on the greek government. Only italy, france and cyparls appear to be more lenient. Especially with regard to debt rels i dont think well hear anything tonight. Meanwhile greece continues to keep the banks, we say, every day are running out of money. They really are. Long lines at atms, theyre stockpiling medicine. There is a shortage of food in most of the lnnal supermarkets. Time is running out for the greek government. They really are not in a strong bargaining position. So lets wait and see what happens tonight in ouussels. I dont think its going to happen. If anything happens its going to be a long pai ully drawnout process. Charles they say theyre not, and somebody tell greece. Lets bring on art laffer a natural. So far, the country has developed the concept and done eversee whhing illogical. Nevertheless, despite what asekey just said maybe cyparls is going with the entire country behind them ap all the Political Parties have signed on. What does it mean for the ultimate deal . I dont think theres any Bargaining Power here. To be honest with you, its long overdue whats happening in greece. If they do give in at all, its just going to make things worse in the long arln. Greece is a clear sign of the failure of redistribution and socialist economics and thats whats happening its lasting here, puerto rico detroit, all over the world the experiments have not been working and its Proof Positive that redistribution doesnt work. Charles here is the thing, art. We know that it doesnt work however the end game is what is the future economy and future people thinking it is the answer. Again, were talking about the ultimate. The people are given hair cuts on some of the debt and grgen extra cash in the next several years. In some ways people may argue, socialism works because the humanitarianism of the world comes to the rescue. And that might be true. There are in the world. I cant imagine evenytone in th10r right mind doing a Serious Business loan to greece right now. It dxpeerit make sense. The chances of b10ng repaid are low and by the way, charles, on a serious note here its events like this that create the new rapidly growing company. This could be the new birth of a greece that could be out of the ashes of the buyer andrad c1 the new agrees would have to have a lot more fortitude than the old greece and thats the question. Youre a natura157 see you soon. Thank you, charles. Charles the iranian deal remember the deadlinefte guess what its extended again. Tammy i dont know if we should be surprised enough, but what i saw was interesting. The knee jerk reaction from the mainstream media, somehow is helps our position. Eversee whhing that were doing is helping iran at the same time, this deadline was important to the obama regime because if they got it before the 9th, that would only give congressew 0 days. If they go past the 9th with the new you new law it gives them 60 daan. He think could would have to go trntil mid august. And for some reason the Obama Administration is nervous about people looking at something for a long time. Charle h we havent had ansee whhing that impacts our lives. Why should we start now . Realistically this is nuts. The administration wants the deal done no matter what and you have to say, they want this so bad, and president obama wants that feather in your cap, if you will. Theyll agree to something maybe not in the best interest of the world. And managing Irans Nuclear prolwaieration and not wiping out its nuclear structure. Thats key here. The president s top five iranian advisors warned this is a deal that raises a lot of red flags and coneserned. No 24 7 access to military sites or to military installation that had nher lear benefits. Charles i hope they consider no deal an option. Well come back to that, but i want to talk about oil. Its taken a h coe shellacking, but art, i think youre there. Im sorry, buddy, ive got to get back to you on whats going on with oinot oil plays a lot of roles in our economy, but its willing of a proxy to our economy and the Global Economy. When it comes down in a couple of daan weve got to be concerned. I dont think so. I think that oil in the long arln should fly dothing. It was too high at 100 a barrel i thought. And it set up events where people economyized on the juice and all of the supplies here in the United States i think were almost hydrocarbon selfsufficient in the United States at least north americnoug thats great thing for the u. S. , Falling Oil Prices is not a bah bad thing for the economy ut ior the world. Charles the big drop didnt make a big hit for the retailer e idp. But to the g. O. Lli grice. P. Candidates more and more are running away from comments that tarlmp made. We all know the comments saying he does not represent the viewpoint of ml it restrblicansup but still, trump remains among the frontrunners a strong number two. Tammy, here is the thing, the g. O. P. , they continue to have to answer dxpes donald tarlmp or this question of donald trump, how big of a role is it going to play . The media loves it that no matter what they do i, they would use it and spin it. Donald tarlmp at the same time was clearly somewhat inartful about an important serious issue ep, ecially with the event in San Francisco and the murder there. The americans having this conversation now and were learning about the g. O. P. Candidates, arent wefte thats very important. And also warned the g. O. P. He said the mass is there. You cant win the presidenesy without the hispanic vote. Its key to winning the white house. Charles at the same time we all know and the importance of controlling our borders. Thats something that evenyt sovereign nation has to right to do and i think a lot of americans, that resonates with them. If the language is different put the fnnus on law ln nlessness. Weve going to be joined by brent bohe hillanyt is grging one of her First National interviews to one of her friends, one of her aides. And all that. And now of course to other med headlines were watching for you l 9ren simonetti has that. Gopro has a new smaller camera, hero four sessioien its a tiny black bud that costs about 400 and apparently easier to use. You press one button to turn it on and you start recording, its waterproof automatically so you dont have to int est in the casings. Starbucks the vente and not the grande went up in price. Staougher ks is helping to pay for companys online tuition, and all of that cl its money denighe a b c1 the taereful ascas facttactfulfact despite the fact that coffee beans cl it less. There is u. S. Approval to travel to cuba and the cl it for a sevebamda, this will not be quick. Isis is o. When will we see the cl it curve slow dothing . Weve seen is in the past five years and we want to continue that. Charle h ihop sorry, that was yesterday. Part of my interview with the ceos of aets k and humana and in the next hour were going to ask the author of beating obamacare how she tho cowin they answenge my questions or didnt answer the questions and ridiculous things they said. Oil has turned lower, shellacked down yesterday, down 8 , down lou for the month. And lower, gas buddy joins us in the next half hour. When are we going to see a andeak maybe later this year. And the secretary testifies before congress on isis. Thisup of course comes a day after president obama called the fight that will last a e ieneratioien roll tape. This battle for hearts and finds will be a generatios kl str cogle. Its not going to be won or lost by the United States alone. It will be decided by countries that terrorists like isil target. Charles l, i agree totally. I dont think that the president said yesterday that would inspire any of us in our fight against isis. And isis could say, weve got plenty of time to do what we want to do. The president said nothing that theyre not saying it we need the support when and where we can. Seemed to me hes just learning things that a lot of people have known for a long time. Charles its interesting, the generational figwin and its gone beyond iran and syria. The suggestion by the president that this is some sort of ideology gi against christianity and other relations or ide0 ac1 h, well its a middle eastern conference and its going back in the west world. At a minimum, you know his original goal was to degrade and unds imately destroy. We could be degrade, founding syria founding the heart of the ss kke out thery. He was layearing we had 5,en i0 air strikes against isis. We were in , yen i0 air strve iees in the frge days during the war. Were piddling around the edges. Its emack here. Sir what do you mof not at alnot were not doing anything its not helping our allies. And pwerple were killed last week in the sinai. We never provided him the attack helicoptenge he wanted not only to defeat those brutes with isis, but to protect the suez cas knot hell say whackes. I0 ae because every time theyre popping up somewhere else. Were not doing a dthing to stop that from happening. We could say that a darlg war is ane nducational issues and as soon as we cause certainly from what i see or isis sees were not doing mher h to fight it. Charles theyre certainly not ll nd n look at that now, how cool is that . Thats a guy in his ln nn chair and he was flying with balloons over canada. Of course he was arrested after attachingbeat50 gadent helium filled balloons to his lawn chair, he flew over calganyt. It was t winho and he was forced to abandon it liz thats really mario draghi out of europe. Charle h you would never think from the movies that that would hn thpen in real life. Thats co0 a. What is cool he this the u. S. World cup, uchai. Tv history, men women, it does not matter. Emack is joined by sandra smith hello, gd mornin cog and to ust amazin sai right, real good stuff. Sandra its amazing and the world is tuning in more and more for womens sports. Charles and americans, p, ec halically in my mind i think that the american audience, that malesports driven aud, hold oho american viewers have been reluctant to embrace soccer in generanot charles right. Sandra now theyre watching women soccer in record nues aers h coe things. The pay gap is pretty big from the mens soccer players to womens. ac1 aybe thats going to change that. Charles just a little bit lihat . I think there should be legislature to correct that. No, just kidding. Charles youache spoking about i fr but the nrut o c1 g, hant of the white house may win it on income inequaliy w. Sandraz a man who says its a little pay gap, i think its a percent . Women are bringing in the ratin ch. Charles this will change and and carli lloyd is all of our hero. Were a f minutes away from the opening bell. A lot of faudus on greece, but what about china . Theyve taken center stage and does it reflect ane nconomy in shaes ales . ac1 oreoloarney in just a few. [announcer ] what if one stalk of broccoli could protect you from cancer . What if one push up could prevent Heart Disease . [man grunts] one wishful thinking, right . But there is one step you can take to help prevent another serious disease pneumococcal pneumonia. One dose of the prevnar 13® vaccine can help protect you. From pneumococcal pneumonia, an illness that can cause coughing, chest pain difficulty breathing and may even put you in the hospital. Prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. You should not receive prevnar 13 ® if youve had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune system, you may have a lower response to the vaccine. Common side effects were pain, redness, or swelling at the injection site. Limited arm movement, fatigue, head ache muscle or joint pain less appetite, chills, or rash. Even if youve already been vaccinated with another pneumonia vaccine, prevnar 13® may help provide additional protection. Get this one done. Ask your healthcare professional about prevnar 13® today. The running of the bulls underway in palm palm paloma spain. We just got in news from that euro zone and the greek leaders showed up without a proposal. So the market is going to open in at the point seconds. Higher openings generally see a gr ip into the session. And so we are hearing the ringing of the opening bell and a slight move to the upside. And we get maybe a 20 30 point bounce, well see. Joining us weve got Liz Macdonald and sandra smith and jarrett levi nothing to greece. How do you do that . How do you show up to the most crucial meeting to date how do you do that . Considering the horse they game with one time. Maybe empty handed is good. This is a belligerent greek people who said up you, shove off we dont care what we owe you this is part and parcel of the game that worked with them but not the rest of the world. The government said no to anything to what the euro peen european zone. And watch a lot of volatility there and you know what . I tell you, this is a big hit to the euro zone. Its 540 billion that greece owes to the euro zone. Well have to raise money from the bond market. Sandra and then the next deadline happens and passes. Basically contraction on the euro zone because itd have to raise taxes to pay off. Theres no way. Charles they dont put money in the bond market because they dont have any currency and todd, i think between now and july 20th the world will implode even if we dont get a good lead the we need to put this thing to dead. When youre running a scam which greece is they give out fix times more than they take it. Theyre trying to hold everybody hostage and making that well bale you out again. Merkel is the only one and i think that merkel wants to throw them out. If theyre waiting for them to come out. Merkel doesnt want them in any ways at this point. Sandra you have to decide whats worse, right . If they exit it will be a horrible situation. They stay in its pretty ugly and better of the two. I think that we have to look at whats happening. Oil was slammed, and cod up against and pulling back. What is the message for the oil prices . First thing, charles, we trapped a lot of people on the big rally when we came up. Now were having a major selloff, a little bit of china, a little bit of growth. We havent had true growth although were hearing reports that youre going to see it. I think that oil will find a support here around the 52 level. If youre playing, you want to be a buying. The oil stocks were going to see some selloff. I think that was a panic selloff and i think it would be an opportunity to buy. Charles and after this iranian signing the u. S. Dollar could be strong. Charles going down 10 this month. What about china . Once the oil prices are low enough particularly u. S. Production coming down youll have production taken off and cure those lower prices and prices come back up. Charles to your point weve already seen massive, massive cuts in rig count. It wont take long to change that dynamic. And looking at this one, here is the deal. China lost three over three in the markets and people think maybe its reflective of the economy and can no longer look at the number. Sandra ive heard that the chinese stock market has lost Something Like ten times the gdp of greece in in selloff. This has been a huge selloff and a big story developing as a lot of the shares have just been halted of the china stocks and companies. This is in an effort to stem losses there and until they stop losing value in a very messy situation. Here is the thing, you had 1600 companies down 10 in the daily stock limit. And those companies, combined 1. 4 trillion dollars so this is not a small efforts to stem the tide liz new manufacturing and Services Data shows china is continuing to slow down. Its not necessarily in front of me. We kind of like them, that china has showed down. And this is exactly what we want to see at this time with a praj gill fragile Global Economy . Charles when you confuse funds and lower interest rates, china has problems for years that weve ignored. They had the hidden cities which they never showed on their balance sheet. Youve got them they were allowing copper to be used for loan values for banks and manipulate the price of copper. If you continue to manipulate sometimes it has to give. If you dont show real growth and earnings in dollars, i think were seeing the bubble burst a monster move and now telling chinese traders, you cant short them more either. That adds more fuel to the fire that makes me want to sell. Its the movement of truth for starbucks. Your favorite latte is going to cost you more cash. Starbucks raising the price, for me here is the story. Capitalism sounds great on people, but publicly traded companies, you have to raise money. And they have to build out prices. Charles the free college, coffee prices have risen. Howard schultz, i think one day hell run for president , but they have to say we have to raise money liz they could raise rent money from people who sit there all day. Sandra weve seen starbucks raise prices three straight years, but its been the fancier higher end drinks. Theyre hitting this the basic coffee sales, the avente and brewed coffee goes up for ten minutes. If anybody goes for a cheap cup of gentlemen , but you can pat yourself on the back for helping a student go to college. Theyre matching up with raising costs. I think what starbucks is doing is kind of its a day to get ahead of the curve. From an investment standpoint, they