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tv   Countdown to the Closing Bell With Liz Claman  FOX Business  July 1, 2015 3:00pm-4:01pm EDT

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states about mexican americans. george pataki slamming donald trump on "the intelligence report" saying all republicans must disavowal what donald trump has set about mexican-americans. follow me directly at trish_r a trish_reg trish_regan. >> live picture of greece's finance minister giving a live interview on greek tv, saying moments ago that greece's creditors will understand the message of the greek people after sunday's referendum. he hopes -- tell me again, brad. he hopes to have a deal with creditors on monday. are you are looking at markets? we were up 70 points, we're 90 points. from the greek prime minister this morning no deal at this
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hour. that means the sunday vote, the record to stay in the euro zone, refused to, follow the austerity rules to be the euro zone will happen. this vote will happen sunday. in the last few hours leaders unanimously decided to table any new talks with greece until after the embattled country holds that national referendum. in an earlier televised address greek prime minister alexis tsipras origin his countrymen to vote no. which is it? there are many mixed messages now. he is claiming his nation is being, quote, blackmailed but confirming the vote will take place. global markets. he was willing to accept a e.u. bailout wth some conditions but once the creditors did slight lead deeply and did not matter, he is absolutely clear greece was refusing to appear to the euro group conditions. greeks dealing with the third day of bank closures. bank notes running dangerously
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low. coming got the euro nation that the nearly the same press that this just a few years ago and found success. ireland. the foremost prime minister of ireland in a fox business exclusive. markets as i mentioned starting to take slightly higher, still of the earlier highs of the day, an hour to the close. it is just after 10:00 p.m. in athens and as i mentioned we have the finance ministers speaking live saying he expects to have a deal with creditors on monday. which is it? because they are going to have a referendum on sunday at least as of this hour. in the last hour the chairman of the euro group saying to that man, license minister and anyone else running greece, halting talks with greece on any potential deal until after greece's referendum sunday. this is the live picture of the finance minister of greece, he
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looks very calm right here but he hasn't been a part of the conversation because it was just about weekend have ago that the euro group members said this guy has got to go away, we can't figure out what you wants but a lexus tsipras has not been much better. we have competing pulls the joy split as to how many greeks will vote yes to more austerity word known as the prime minister hopes. we have greek banks getting one step closer to insolvency. fox business correspondent ashley webster live in athens. this is the fullest full day after greece miss the deadline to payback to the imf some of what it knows. does it feel more tense, slightly colder, you tell us, you are there. ashley: i think it totally is. the crew here we all sit with each passing day, monday, tuesday and today we could feel the tension moving hire. today we were outside a bank that opened one of its branches to allow senior citizens to go in and collect a portion of their pension.
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there were supposed to take out 120 euros, 140 bucks but many did not get that. they waited an hour and a half and one lady said she got 50 euros which is considerably less. the atms are running out of cash, running low and there's real concern in brussels and frankfurt what happens to the greek banks, can they get through to the july 5th referendum which is still four days from now. seems like the tension is cranking up. we saw more police on the street, police stations around bank branches that were open. some voices were raised but i have to say overall still very orderly, no major problems so far but certainly a lot of worry. liz: the latest headlines, the finance minister is saying right now that the upcoming referendum has triggered a debate in europe about the need for a sustainable solution. that is just awful the duke. we know that.
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he is also saying the government's objective is to have a deal with creditors on monday but they have to be serious about this overnight. they actually came out with a letter with a bunch of stuff that is unacceptable. ashley: completely unacceptable. when you first read that it line i literally laughed out loud. we heard it a million times before. this government has zero credibility within the negotiators in the euro zone. they can make any promises, any wild claims but the fact remains they are running out of money and if they have a no vote on but july 5th referendum it is going to be very difficult for this country to negotiate any sort of deal and stay in the euro zone. liz: hopefully you can come back was if there is any more news. take a look at these protests signs we want to show you. obviously not from greece, they are from ireland. the 2008 banking crisis which frustrated citizens who demanded
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a way out of the debt but when the music stopped for ireland because it had been doing very well ireland buckled and they had to accept austerity but after doing so that country turned itself around. john burtono is credited with growing them into the fastest-growing economy in the world. the former irish prime minister has some advice for greece and is also the former e.u. ambassador to the united states joining us in the fox business exclusive. thank you for being here. right off the that the greeks don't want a write-down on their debt or a hair cut, they don't seem seriously if you were the prime minister of that country what would you do to get through the stalemate and this horrible situation? >> i think the greek government needs to show their own program as ireland did, their own program for austerity. it is important to say their own program that worked in the irish case wasn't imposed on us but
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was drawn up by an irish government with the approval of the hero peon union. very important the irish people have ownership of what is being done and the greek government should take ownership of the problem. is fundamentally is a greek problem. greeks followed the money so they have responsibility to ensure the money is paid. in the form of interest free loans in the rest of europe. he the other 18 countries in the euro zone, they all have pension plans of their own. many of them are receiving pensions that are considerably lower than the pensions that are being katie greece but to a limited extent. liz: the question is if you lifted up to greece, unlike the irish who said we are going to take the hit for the greater
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good and long-term solution, they are not serious. they came up with an amateurish move over night, brought forth a matter, we can bring up what they said they would author, and we agreed to the value-added tax and that the euro group has requested except for the greek islands. they still get a 30% discount. you can't just say that. that won't helped any situation. we will raise the retirement age to 67 but not until the year 2022 rather than immediately which is what the euro group had offered. what can they, what must they do and do you believe they will get a no or yes vote to stay in the euro zone? >> i believe the greek government of playing games at the moment, the sort of things you expect. rather it than serious government over serious station developed, the fact that the referendum was called on up proposal that is no longer on
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the table because the circumstances changed so that proposal is not on the table and not viable but that will go around and with the government has decided on so that is completely unrealistic behavior, not the sort of mitscher patience and sirius staff did you expect from the government about the country. >> we are very appreciative to have you and by the way under your leadership the irish economy went from 2.7% to an annual rate of 8.7%. then we have the crisis that is global and triggered everywhere but it is a pleasure to have you, thank you. >> thank you. >> the former prime minister of ireland. right now we have 51 minutes before the closing bell rings and we have a rally that continues at this moment. the dow is back up 100 points and we have the s&p stronger as well. forget the beauty screen, donald trump not just fighting nbc any
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more, another fortune 500 company putting major distance between itself and the 2016 presidential candidate, cutting off and phasing out the relationship they have had for more than a decade and historic announcement by the president, cuba is just about ready to be open for business. we are going to examine the political, social and economic ramifications with former republican senator scott brown and democratic republic and congressman dennis kucinich standing by live to talk spanish cuban you name it, we are doing it. these two oil rigs look the same.
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see car insurance in a whole new light. liberty mutual insurance. >> breaking news that is moving the market at this moment, slightly higher because when we started this hour we were a 77 points, now we're up 106. greece's prime minister is saying the upcoming referendum will trigger a debate, but either way he said the greek government's subject of, quote, is to have a deal with creditors on monday. the creditors are standing frozen and tall. they will accept nothing less than the original conditions that they gave the greeks weeks ago. with that being the case may be
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there's a move by the greeks to simply say let's bite the bullet, let's do this. we don't know because there were two head fake, the early one came from the prime minister, we are going to accept some of these deals and it was ridiculous what they offered. take a look at the dollar which is stronger across the board albeit not that much against the euro here. the euro in the last couple minutes is weakening. earlier we had it at $1.11, now is $1.10. the dollar clipping with greece's fate hanging in the balance, the first advanced economy ever to be in our readers to the international monetary fund so not a surprise that that is falling. green bay pretty strong, loyal settling at its lowest level since april 22nd. a drop especially even further in the after market session. we are down 1/1/4%, $66.95. below 57 at this moment, pretty
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decent move we sought to the downside. another blow for donald trump. now he and macy's going their separate ways, probably not his choice. there is some uncertainty over who fired whom. macy's stock taking a hit on the news earlier but now you see it coming back. it is slightly higher by $0.11, $67.50. macy's came out with a statement saying it is dropping the mogul in its men's where collection. here's what they said. we have no tolerance for discrimination in any form. what he said about mexicans is not how we feel at all. we will phase out our relationship with him. donald trump insisted it was his decision, that he terminated the relationship because of the pressure being put on them by outside sources. that pressure could have been a petition urging macy's to drop from. at petition garnered 700,000
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signatures. trump and macy's had a deal for his line since 2004. it is over now. busy day for the president of the united states. you are looking at live pictures of president obama speaking at an elementary school in madison, tenn.. he is speaking on the affordable care act but earlier the white house, cuba was a hot topic. the president announcing is establishing the -- reestablishing develop the best diplomatic relations. both nations agreed to open their embassies by july 15th. u.s. ambassador, in the sea in havana. the president called on congress to lift the trade embargo on cuba that he believes america's new-found influence in cuba will pay dividends. listen. >> nobody expect cuba to be transformed overnight but i believe american engagement to our industry and businesses and people is the best way to advance our interests in support for democracy and human rights. liz: congress has 15 days to review what the president wants
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to do which is open the embassy once again. let's bring in former senator scott brown, former congressman dennis kucinich, both fox news contributor is. senator brown, should we accept this? moving on, moving forward, only 90 miles away, what do you think? >> i don't think so. a dictatorship regeneration its. the dissidents who are being jailed and harassed, no freedom of speech, the situation where everything we do, i don't think we are going to rubber-stamp the president's request. they gave the recent trade deal but this goes beyond senator marco rubio, governor bush, they are clear on their positions and i agree with those positions. liz: there are profound differences but the ones that matter are the way people are
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treated and their lack of freedom. do you believe the opening up the diplomatic and business line, lodging companies, we have all kinds of companies, they all want to get on that island and start helping. cuba will then bent and make people freer. >> we shouldn't ignore by any means human rights abuses and oppression of freedoms but we have an engage cuba for 54 years and have no impact. with president obama's policies of engagement, and the impact on concerns expressed by some of my other colleagues. liz: how do you get roll castro to say we will have hotels coming, hilton and marriott will come in, does it change anything for the cuban people? >> listen. these corporations have a chance to have impact and they
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certainly don't want to be an environment which give support for a human-rights violations. i think you will see some changes as a result of the normalization the administration has undertaken. it is much better to engage and stand back and hope there are changes. that is the only way to bring about change, reach out to people. liz -- liz: i was going to last about donald trump but sounds like a little bit more of a meaty discussion about cuba. go ahead. >> what are we getting in return? guantanamo, reparations, what are we getting in return to normalize these relations? it is something that is very favorable to a country like cuba and i don't think -- there is no quid pro quo that makes it worth it for us with regard to donald trump, welcome to the big time. everyone knows he is a target, he's very outspoken and opinionated, very rich, he has told us all that and he has some
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great ideas and has a good basis of support, but there are going to be people out there that will take his words out of context or focus on the negative versus what his message is that his message is we have to restore america. i agree with that. we have to create business and jobs. there are a lot of things he is saying right but he is also saying some things that are not too politically correct and that is hurting him. liz: or very presidential. thank you, former senator scott brown and former congressman dennis kucinich, a programming note, don't mix special coverage of the june jobs report tomorrow, 8:30 eastern is when it comes out. maria bartiroma is going to bring in supersmart guests. 8:00 a.m. eastern, 5:00 a.m. pacific on the fox business network. closing bell, 39 minutes away from that. t mobile's outspoken ceo john ledger has gotten around donald from here and there with a few
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boston rounds, remarkably quiet about one thing right now, a possible deal with dish. maybe it is at&t is watching. charlie gasparino knows why and brake down next on count down. you wouldn't order szechuan without checking the spice level. it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck.
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liz: flash from reuters. and going to take over as head of the euro grew, he has ran a letter, it says we will look at a request for a new loan on the basis of that referendum results. we already reported that it was expected but now is coming in writing from the dutch finance minister who is in essence telling the greeks all talks
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suspended. >> a bloom? . liz: right here on this show we told you a merger between t mobile and dish might be in the works. just a moment ago bloomberg reporting at&t and directv have won antitrust approval for their merger. what do the two have to do with each other? does it would t mobile and disclose it to making a deal happen? >> it does. this is what i get from investment banking, whatever happened to the dish t mobile deal? john ledger it has been weeks since we have been reporting. and interested in doing something with t mobile and john ledger. here is what we hand -- he was worried about that at&t, direct tv deal getting approval. if it wasn't going to get
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approval. as it is getting approval what you are going to see is -- liz: what do you mean as it is getting approval? deal knows something we don't? charles: the direct tv deal by all sides is getting approved, bloomberg reported. liz: after time warner and comcast? charles: they got signals the antitrust regulators were going to go easy on them than on time warner and comcast time warner but anyway this is what we hear, the sticking point was the government approval of at&t direct tv to see where the government was in terms of secondary type mergers in the telecom industry. now that that hurdle appears to be done, no official word yet, what you will see now according to my banking sources, dish or t mobile, heads are huge. john leger, there we go. that is how you see his name,
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ledger. you like him. >> he comes on the show all the time. charles: a picture of charlie -- liz: he is unbelievable. his reign -- >> he was worried about the deal not getting approved. now is getting approved. and the other holds up, he will move forward with talks on this deal. we should point out we are not saying dish and t mobile is a done deal, we are not. any time you are dealing with the go plasticize of ledger, you got to expect it to blow up at some point. that is the way it goes but the sticking point to further talks was lot at&t direct tv deal. liz: why waste your lawyer's money if you're cousins aren't going to get that? charles: you won't get through. that appears to be the hurdle, appears to be met and now let's hear it, let's see these telecom deals people have been waiting
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for so keep an eye on dish, t mobile, the next big deal to come out, see where detox lead. this is the hurdle to do further talks and i am not going to say it is a done deal until it is a done deal. i have never seen two big egos merge as equals and both survived. liz: if somebody steps down, ledger will run his business, he loves that business. charles: give up everything. liz: in colorado and decide what he is doing. charles: i remember john reed who ran citicorp and sandy wile, creating the big citigroup and shared thees, half and half ended a couple years, a couple guys ousted. liz: charlie gasparino breaks it right here every time. closing bell exactly 30 minutes before we hear it. the great crisis far from over but if it is forced out of the euro zone in will have to start printing its old currency again
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and fast. we have a fox business exclusive, one of only 3 to international currency printers. how that process may play out. you will hear from him coming up live.
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appeared on the cover of forbes, the global ambassador, a derivative bitcoin business. matthew is on with us right now. thank you for joining us. you just left the greek islands. described if you could what you felt and saw when you arrived and how that change as the crisis deepened. >> it was quite terrifying. should have gone to the beach and at a restaurant, wanted a my credit card and refuse to accept credit cards and evan jenne atm machine and all dat machines were out of europes though i ask if they would accept bitcoin and they said no, they would only except the derivative created by chris larsen and thanks to them, ripple at i was able to pay my restaurant and taxi and hotel. >> you have got to be kidding me. you couldn't even pay in euros. i would imagine you are a world traveler, but after awhile you ran out of euros. >> exactly.
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is turning noble -- we have immobile wallet, you could show your own money, you don't need a bank. liz: justin go to the beach cafe you must've been surprise. what were people saying? what were the workers saying about the crisis? i am sure you heard patter on the ground, they must be concerned. >> they are very concerned. my sympathy goes out to the greek people because it was quite terrifying. even the airport was turning into a mob scene to get off the island. >> this is what you're going to start seeing because if banks turn insolvent there may be a bigger scene, right? >> exactly, exactly. liz: thanks for getting on the phone with us. the global ambassador of ripple labs just left greece and said, quote, it is increasingly terrifying. those are his words. as greece tries to hammer out a deal the imf is tweeting out
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this bit of advice in the last hour. reform your economy and take the bailout so we went on the twitter page of the imf in the last hour and they put out nine questions about this but it is a fact greece is the first developed country ever to miss a payment to the imf and it says there is no grace period for greece on the twitter page, the u.s. voice of the international monetary fund for nearly a decade, u.s. executive director, public policy at woodrow wilson center in a fox business explosive. i don't see is getting better before it gets worse. >> i am afraid it will get worse before it gets better because greece is going to find all sorts of funding and the greek people will suffer the economy as a whole. liz: you have these lines, the engineers who were told you could get 120 euros, somewhat the way with only 50 euros. at what point, this has been your business at the imf in the
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past due banks become insolvent. it has been cut off because the greeks missed a payment. >> not so much the lifeline from the imf but the lifeline from the european central bank approved emergency liquidity assistance to the banks. if they can maintain that, if greeks can come to enough terms after this referendum to indicate they will come back to the bargaining table hopefully the european central bank will maintain that emergency liquidity assistance which could keep the greek bank's open. the imf assistance would do that. liz: if they allow the e l a to keep the spigots open isn't that just rewarding that behavior once again? >> i would expect it would be on the basis of greek invitation that they're serious about negotiating a program, undertaking these reforms and the imf, the ecb, european partners would be looking for measures, looking for the greeks to make proposals to the parliament to undertake these
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commitments. liz: christine legarde has been stoic and tough. you are in our readers, no debt payment, you don't get anything. is she going to bent if things get ugly on the ground? >> the imf does not disperse when a country is in arrears but the imf has not disbursed for over a year but they couldn't agree which agreement with greeks and europeans collectively on continuing the program to continue the program so there has been no imf disbursements from a year ago. liz: is a pleasure to have the having been on the inside of the imf thank you. for re u.s. director at the imf. a fox business exclusive. we did continue to have a rally here. the euro printing presss keep rolling for the rest of the euros zone but will greece sick and need to start printing the ancient currency once again? we speak to one of the very few
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ceos who does that and another ceo tells us how the greek drama is affecting business here and abroad. "countdown to the closing bell" coming right back. stay tuned. you total your brand new car.
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liz: markets are continuing to climb on news the finance minister of greece believe there will be a deal monday. the euro group didn't say anything close to that but could be sent a referendum lead to greece vexing the euro zone and being forced to adopt the draw, once again, that ancient currency? as talks of that possibility first started shares of fortress paper skyrocketed as rumors circulated the currency printing company had already been
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approached to help reprint it. shares are up 69% in the last three months. how would that process work? we are joined in a fox business exclusive by the ceo of fortress paper. thank you for joining us. i know you cannot comment as to whether you will get the nod to reprint, but the question becomes right off the bat with greece on the brink and the crisis persisting through the weekend how would something like that work? how do you start reprinting an old currency? >> most likely it would not be the old currency, they would have to develop and design a brand new currency. that process under a typical scenario would take six months, national bank 633 years to design. under this it would take a month to design it and anywhere from 20 to four months but once produced a would take another three to six months to properly and effectively roll it out.
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you need to change our katie and machines to recognize the new security features and things like that. all the vending machines and things like that. it will be a challenging time and they can't dropped euro that quickly. liz: who calls you when something like that happens? the finance ministry? the prime minister? somebody in charge of the country's minutes if there is one? can you start reprinting that? make it look like the old one? >> usually is the central bank in each of these countries, they have been issuing authority within the central bank and there is a team of people working on the currency and various requirements so that is where the tendering process starts and it goes out to various commercial printers from world to design and develop and go through it but there is no raw material or security threat or security features king ready and vital for production so only once that is officially launched can the security features begin to be produced that say something like that and the shipment of the papermaker
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inserted into the paper along with the the security features and goes through printing, sorting etc.. liz: what will people be using in between then and now. can you stay with us? we have a one bringing in has ties to the business world in europe, the former head of international paper's, and thank you for joining us. we dealt with everybody in europe when we work that international paper and now i am wondering what happens if the russians subside, you worked with the russians. >> i did. they want to be in this process, they want to slip in and save greece. >> hard to predict what they might have in mind that is a possibility. liz: and now what happens? how the climate of your business is going? >> the direct impact of what is happening in greece to us will be minimal. if we have a minimum on business in europe, most businesses transact in north america.
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however we by over $8 billion worth of products and services and some of that does come from europe and to the extent european economy is impacted and the u.s. dollar gets stronger it makes imports more attractive from a pricing standpoint and consequently there is an impact on u.s. manufacturing. liz: you need that money to pay for everything and chad, still interested in know what was the most recent foreign-currency your company printed up in a new form. >> we are currently in production for the next series of swiss francs for the sole maker of their currency at have been for 30 years. liz: you got a good contract with those guys, that is great. any new countries that would need it, may i just ask, doesn't the central bank have to guarantee backup of paper currency with something like gold? what would the greeks the backing it up with? >> not exactly, there used to be
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the old gold standard but now all of bank note is is confidence and trust in the government and obviously with the debt situation that greece has weathered a are in or out of the euro zone those numbers don't change but they will have a tough time, rampant inflation and more bank notes to keep up with it. liz: and that if that happens when affect your business. would it not? >> it likely could. what is happening in europe ultimately will have an impact on the u.s. economy. and jobs are not that robust to begin with as it stands today. liz: the dollar is stronger and we know that's certainly hurts multinationals but there are a lot of smart people, steve forbes among some who say not bad to have a strong currency. i want to quickly ask i know you can't tell us if you get the nod but when would you know if you were going to get a call from the greek central-bank to start printing again?
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>> typically national banks are very conservative. they have redundancy plans or multiple redundancy plans, some have two set of currencies in their vaults justin case something were to go wrong. so again you can read into that if they felt they were coming out they would be as prepared as they can for such an event. liz: it is fair to say you want the contract to reprint it? >> we would be very open to that, we produced the euro for several countries, can disclose which of the ten countries but we are comfortable and familiar with the greek national bank. liz: if you get the come back. thank you very much. we appreciate it, a fortress the receipt of, stock up 69% in the past three months. thank you, good luck to you. closing bell, 9 minutes away, things may be very unstable and greece but the u.s. economy, they are ahead of tomorrow's june jobs report. are there hidden dangers as we turn towards the second half of the year to date? we are watching out for your
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money, countdown continues in a minute.
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liz: five minutes until the closing bell rings. the dow trading up 130 points. the high of the session, 182. we're climbing back up. as we do we bring along for the ride, dan chung. hi, dan. look it is the start of the second half. we have all the headlines out of greece. worries about puerto rico's debt problem. the iran deal is off the table for now. what worries you, what excites you about the second half? >> well the headlines of course are mostly worried about greece. i'm not as worried but i don't have any particular insight which direction it will go. i know the breakup of the euro would be positive for the u.s. in the long run. one of my worries actually is that i think the fed will continue to raise rates in the second half. or start to raise rates in the
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second half, excuse me. liz: even with this great drama? a lot of people believe this put as little bit of ice on the fed's plans. >> i think that has been correct. the u.s. economy really is vastly improved from where it was a few years ago. it continues to improve. it is the right time for the fed to start to ease, to raise rates, lift off the quantitative easing. liz: what are you buying now? if you sat at a cocktail party this holiday weekend, dan, i have $10,000s to invest, what would you tell them to put in to invest? >> next to the barbecue? liz: exactly. >> we are growth investors and fundamentally oriented. bottoms-up stock picking is our forte and has been for 50 years. our analysts are focused where are the strongest growth and life cycle changes in the american economy and i think technology and health care are great examples. they're two large industry but
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ones where u.s. companies are frequently global leaders, benefiting from a lot of interesting trends in the economy today. liz: your fund has done well over the past year. what do you think a name that brought it up from perhaps a lesser level? >> well, i mean it is a portfolio of names so it's, some of our top holdings today, apple, facebook, represent strong technology trends. but also health care names like bristol-myers, gill -- gilead, hca. these are representative companies of things going right in america and also global leaders. liz: sounds like you're picking solid american companies without a worry that we might see a tiny rate tighten later on in the area. who cares? why do people perceive that as bad news, dan? >> one of my greatest concerns is actually for the bond market
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and bond investors. bond investors have been in a seven to-eight year bull market, perhaps longer some would argue. with rising interest rates moves the fed will make i believe in the next zero to nine months, they risk seeing losses in the bond market that might cause unsettled investors. liz: been a long time since we've seen any kind of tightens. the young whippersnappers who just started trading stocks have not seen it. dan, thank you. >> thank you. liz: we have two minutes to go. adam is next to me for the 4:00. adam: talking about the markets in action. vix is down. some people are not nervous whatever will happen as we head into greece? liz: calmed down a little bit as people realize there will be a referendum. you talk about exactly what is going on as we bump up against the closing bell.
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our market like this right now. bulls are on the run. adam: absolutely. greece as of default now. no more money or no more talks until after sunday's referendum. we'll be live in athens on latest how people are surviving and what will happen between now and then. liz: after more than a half century of hostilities u.s. is restoring full diplomatic relations to cuba. president obama announcing a historic deal to reopen embassies in havana. not everyone is happy with the outcome. what could it mean for america and your money? adam: as we look towards the 4th of july we're on high alert as fbi and homeland security ask all of us to remain vigilant on the look outout for terror threats during this week's celebrations. liz: more expensive for you to fill up the pump. key states are raising tax on gasoline just in time for the summer driving season. adam: say that with a smile.
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liz: four seconds left at the close before we hear bells ring. they clang both on wall street and of course the nasdaq. [closing bell ringing] liz: look at crude oil dropping pretty precipitously. adam: stronger dollar has impact whether you like it or not. we'll talk with phil flynn of price futures group and fox business contributor. joins us from the pits of cme in chicago. phil there is optimism in greece. is it driving the market or something else at play that we haven't paid attention to? >> i think it is the adp


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