reporter: today, cyprus is divided. just a couple hundred meters behind hadjipieris' cheese factory is the buffer zone separating the turkish north from the greek south. going further in that direction would put us in mortal danger. in the distance is the turkish army outpost. in town, the other greek cypriots mistrust antonis hadjipieris' support for a joint application for halloumi. they say, let the turks make halloumi, but only we should be allowed to sell it. >> their cheese product should bear the stamp of the republic of cyprus, and be distributed only by us. then, no problem for me. reporter: but the turkish cypriots don't want to be dictated to. hadjipieris meets his friend, sheep farmer yildiray beyaz, a turkish cypriot. defying the prejudices built on both sides, they have long worked together. beyaz has a special permit to let his sheep graze in the no man's land between the two parts of cyprus. he is also allowed to sell his sheep milk to the greek cypriot hadjipieris. yildiray beyaz: it's crazy, milk and h

patty: these are cyprus. cyprus is used to make the posts, and these are items that would have been made for tourism, our little turtle, the cyprus toward turtle. >> we visited her home to talk about the personal collection of tribal artifacts. patsy: in discussing native americans in the u.s., obviously it was not necessarily the intent of anyone to annihilate the tribes in the u.s. thank goodness. but the government has gone through so many different processes of thinking as has the population with what to do about the native americans in the u.s., what to do for them and where to put them. if you look at jackson, he simply said we are going to dump everybody over here out of the way, and that's how the reservations there were populated. basically i can only speak for the seminole and again it was , people who thought very much of them as people to find the land to put people they cared about very much. so it's never been this same situation as some that were started early on out west when the government fa

. >>> thousands of might go grants make the journey each year and but cyprus isn't a good place. >>> and faces years in detention centers, without any guarantee they'll ever be granted refugee status. >>> they don't die at sea but they haven't been alive. >>> they are on a hunger strike after motion of protest and failed to pressure the authorities to grant them asilevel, they are syrian kurds who came ten years ago and only now have they been given protection, it is not enough. >>> what can i do? >>> i still don't have a passport. >>> i'm in prison here. >>> it means they now have legal documents and can work and they're still stateless and, can be deported, at anytime. their biggest mistake was to apply for asylum in cyprus. >>> many who are unable to survive, end up in detention centers like this one. some 170 people have been waiting for months. waiting. >>> we're not allowed to film inside where some 50 palestinians now live. >>> they're all scared to show their identity and, they're all worried about their future. >>> it's important for me to get asylum or i can't bring my fami

they say they haven't been alive since arriving in cyprus. they are on a hunger strike after months of protests outside the interior ministry failed to pressure the authorities to grant them asylum. they are syrian kurds who came to cryypress 10 years ago. only now have then begiven so-called subsidiary protection but for them toss not enough. >> what can i do with subsidiary protection. i don't have passport. i am in prison. we live in inexecute. >> subsidiary protection means they now have legal documents and can work but they are still stateless and can be deported at any time. they tell us their biggest mistake was to apply for asylum in cypress. >> many of those who do apply and are unable to survive on their own end up in detention centers like this one, some 170 people have been here for months waiting for their applications to be studied. >> we are not allowed to film inside where some 50 syrian palestinians who were among the more than 300 refugees rescued off of the coast of cyprus now live. they are all scared to show their identit

you had capital controls in cyprus, but that was an island. what you have here in greece is obviously not an island. how much leakage would you have if you imposed capital controls? jonathan: thank you very much. let's get over to athens. what is the view over in athens considering that greece wasn't even on the official agenda? >> expectations were not really high in the first place, jonathan. expectations will be high for next week's meeting between merkel, hollande, and juncker. if we take into consideration what happened yesterday, negotiations have broken down. tsipras' administration once again focus is on having a political solution to the problem. if greece sticks to its guns, mainly because they are saying that grexit is not manageable forget what everybody is saying. forget what the big banks are saying. listen to the ecb. there might be contagion. we might have a loss of 1.8% of gdp by the end of 2016. that is why they are sticking to their guns saying we have to bring a political solution. the technical agreement, that will come in

. >>> they didn't die at sea but they say they haven't been alive since arriving at cyprus. >>> they are on a hunger strike after months of protest failed to pressure the authorities to grant them asylum. they are syrian kurd whose came ten years ago and, only now have they been given protection, but it is not enough. >>> what can i do with protection, i still don't have a passport and, we live in insecurity. >>> that means they have legal documents and can work and still stateless and can be deported at anytime. their biggest mistake was to apply for asylum. >>> many who do apply and, who are unable to survive on their own end up in detention centers they have been here for months, wait fog applications to say study. we are not allowed to film inside who are refugees, now live. they're all scared to show their identity and, they're all worried about their future. >>> it's important for me to get asylum or i won't be able to bring my family. >>> overpass sen jersey, men women, and children, were given shelter in a church, it has been 7 months since they were rescued while on their wa

people forget we had together cyprus because there was no direct connection. fully to cyprus went to egypt. this is 72. i was reading the papers. i tried to interview him. he found a storing it for me. me. that became the beginning of a long friendship. >> beirut and syria. i got into being a journalist. woodward and bernstein were superheroes of the day. early mentor of mine nothing if not skeptical. just remember my he would say everyday just remember they are all lies. and the only thing you can depend on is what they put in the documents sometimes. inspiration. when i got to the times i was hired because of affirmative action. the women of the new york times had sued the paper for sexual discrimination. the case was rock solid. on and on. three women out of 35 people all of a sudden people like me began to be hired. it is my good fortune to come along at the right time but i always wanted to go back to the middle east. another mentor and inspiration we agreed on one thing the importance of journalism to keeping americans informed. >> is something we share.

at the controls in place now, stop that from happening and, as cyprus demonstrated, you can take them off at some point. for now, there has been some stabilization as thatiations are going into only if there was an accident. onyou have an excel ration -- or a run on the banks, that could impose capital control and if they don't have enough money to pay imf pension and wages, they might have to issue ious and those would be a parallel currency. ofditional on the progress the negotiation occurring and the pots of money to be found so the payments to the imf, radical decisions like capital controls, deposit freezes and ious left a lot of collateral damage not just financially but economic can be prevented. we are not at the stage where that's going to be operational. a it falls apart and there is miss payment, there's going to be a deposit freeze but everybody realizes at the beginning of a greek accident, there's lots of other collateral damage, not just for greece but contagion in the financial market. not just in greek and eurozone equities, but global equities and there will be other

. >> back in the everyglad, the bad news echos for the saw crass and the cyprus tree. once billed as a big project since everystone now lies nearly dead in the water. >> now i hear the grass talking to us. you hear the birds in the background, you hear the frogs. you hear the trees. over there they are rustling, talking, whispering. they deserve a right to exist. they are in distress. and those of us that have the ability to do something about it need to wake up and start doing something about it. >>> the deal to buy the u.s. sugar land must be complete by october, or the option will expire. but the florida legislature ends this month, and if the lawmakers don't put up the money before they head home, the deal is effectively dead. >> next - igniting new fears. north dakota's energy boom and growing worries about the danger passing through. >> later an explosive performer, how baltimore's maestro intend to lead her city to harmony. >> we started with 32 kids and have many more now. the goal is 83,000, the numbers in the baltimore public school. there. >> absolutely >>>

. >> she might beover at the cyprus creek church, but that's across the river and i can't get across it. >> reporter: in wimberly, texas, flooding to this tree from its roots and smashed homes to pieces. heavy in through memorial day means flash flood watches in texas, oklahoma, arkans and missouri. phillip menna, abc news hayes coty, texas. >>> still ahead on "abc7 news" at 9:00, hollywooreacts to the hose of female comedienne. >>> and good evening. temperatures have been below normal in many areas b i'll let you know when we'll be above normal with the seven-day forecast coming up. >>> a pioneering female comedienne and actress has died. ann mira wife of jerry stiller and mother of ben stiller passed away yesterday. she starred on stage, film and television and known for her roles on "all my children," and "king of queens." they worked together for over 61 years. in 1963 they recorded their live comedy album in san francisco. actor steve martin tweeted, stiller and miraave been a wonderful presence in comedy any whole life. now ann is gone and i salute her. and rosie o'donnell said

in cyprus, the cheese that is a political issue. and in britain, the cyclist who is making the roads safer. this year, the death toll among you migrants trying to flee across the mediterranean is set the to be the worst ever. the number of migrants has athe number of migrants has remained constant, the proportion of people who have died trying to make the crossing

the need to raise money forced the cyprus government to back away from earlier promises to get rid of a controversial real estate tax, a tax many citizens came to hate. four years ago after the major bailout the government imposed a broad property tax. it has become permanent and led property tax revenue to sky rocket. last year, for example, the tax raised $4 billion for the greek government. but created a burden for creek home owners. many of them kont afford to -- cannot afford to pay and lost their houses to foreclosures it's a reason a real estate market is in trouble. >> home prices plunged by 13%. last year they fell about 6.5%. many greek citizens are short of money, following recession, are desperate to sell their homes. they are not finding many buyers. some abandoned their home. ali velshi saw a troubled state of greece's real estate mark. he talked to the president, the association of athens real estate ate and a wealthy neighbourhood in a home that's been on the market for several years. >> this is a beautiful house. it needs repair but why is this house vacant for so lon

cyprus named panay gee oatize as minister of state for combatting corruption, and anticorruption tzar. he hopes to recover 2.5 billion euros of the unpaid taxes in 2012. a few weeks ago he was president of an organization formed to identify greeks who were money laundering through swiss banks. >> i want to state that we know how much money was picked up from greece and transferred to switzerland or other places from 2010 and after. we have all the dates. we have the information. we now how much money was pulled out of greece and went to switzerland. we have to problem taxing it. >>> like elsewhere wealthy greeks have resources to underreport their earnings. like many, this man who owns a small fitch market blames the crisis on the wealthy. his business lost about 18,000 a year since the crisis began. >> richer people can hide money. and avoid paying taxes. >>> this man is an associate at a law firm. he is unmarried and has no kids, but has a large extended family, and hopes authorities will not bother choosing the small amounts they own. >> that money is enough to pay my rent. the res

cyprus is not one of the favoured destinations. the government has a tough stance on immigration, and it means that asylum seekers face years in detention centers, without a guarantee that they'll be granted refugee status. we have this report. >> reporter: they didn't die at sea. they say they have not been alive since arriving in cypress. that man and others are on a hunger strike, after months of protests outside the ministry failed to pressure the authorities to grand asylum. they are syrian kurds that came to cypress 10 years ago. only now have they been given subsidiary protection. it is not enough. >> translation: what can i do with subsidiary protection. i don't have a passport. i'm a prisoner. we live in insecurity. >> reporter: sub-sid ya yea protection means they have passport and can work. they say their biggest mistake was to apply for asylum. many that apply end up in detention centers like this. 170 have been here for months, waiting for the application to be studied. >> we are not allowed to film inside where palest

a deal similar to what we saw with cyprus? >> no i think, good morning first of all but i think that the situation is not comparable to cyprus. i think in cyprus this was a quickly assembled program quickly adopted by the government. here we have a very different situation. this has been going on for many months now and sometimes one is reminded of ground hog day, the movie, when the minute triistry in athens there's the appearance of red lines which continue to be pretty much the same ones. it's very often about labor market reform and pension reform and if we continue to get close to those lines again and then the agreement comes off the table. when you refer to the various statements being made by the german government and remember the german government it's not between germany and greece. there's many more players that are porn there as well but if you stick to germany for the time being i think this has also been a pattern that we have seen over the last couple of months. the more hawkish statement comes out of the financ

and so i flew to cyprus. i went to egypt. people told me there was going to be a war. this is '72. i wasn't reading that in the american papers. i was interested in that. i went to jordan, i met king hussein for the first time. i tried to interview him with a tape recorder and i didn't know how it worked and he wound up starting it for me. that became a beginning of a very longstanding friendship, and i admired him enormously. and beirut and syria. and then i came back to princeton and decided i really didn't want to do economics. i wanted to be a journalist, and woodward and bernstein were still kind of the heroes of the day, and i came to washington to try and get a job and found the progressive. a mentor of mine, an early mentor was i.f. stone. and iz si was nothing if not skeptical. i mean, he was mr. skepticism. and just remembered, would say every day when i'd go to him with some problem or some national security challenge that only the government could solve, he would say "just remember, they all lie. doesn't matter republicans democrats, independents, they all lie and they

he compares grace to its neighbors, spain, italy, cyprus, portugal. the reason why greece, he says, has not done as well as its neighbors is because they did not have to contend with these very strict fiscal measures. detailset you more about later run. in the meantime, back to you. rishaad: another look at the story later in the show. tweet us your shot -- your thoughts. singapore is gp ahead of expectations in the last quarter. listed by improving american economy. southeast asia correspondents have been going through the numbers. where did this come from? financial is the second best driving growth. different numbers year to year. 2.6 versus 2.1 the quarter before. growth.us 2% estimate supported mainly by the banking sector, resilient in landing construction and services. also worth noting, for the year, the government is confident about its projected -- projection of 2-4 percent. the perceived recovery in the u.s., plus or strenuous measures in china. still, no room to be complacent. singapore's dpm and finance ministers says singapore cannot ban

. >> reporter: uprooted cyprus tree, which normally live hundreds of years now litter a once-idyllic vacation spot where families were destroyed in moments. jonathon mccomb continues to recover in a san antonio hospital. charlie, the family's dog, a yellow lab named maggie, was found alive downstream from here, in a tree. >> rose: don thanks. host kwon got the last thing it needed today two more inches of rain. vicente arenas is there. >> we are safe. we are safe. >> reporter: dircene martins took this cell phone video letting the world know she and her family had survived the quickly rising floodwaters by heading for the attic. >> we were looking down there afraid if the water is going to go higher or not. >> reporter: the martins huddled together as watered from the nearby bayou poured into their home. >> you could not see. you can just imagine what's going on out there. >> reporter: every time the martins tried to leave more water would rush inch her husband german varon wasn't sure his family would make it out alive. >> one of the hardest things i've had to do in my life pray wit

if the outflows continue, the question is will they have to do what cyprus did and introduce capital controls. the end of this month, have they got adequate funds to pay pensions and welfare etc. pressure point number three is the repayment coming up this month and next month to the imf the ecb, and the european union. i think the next few weeks are critical. >> we will talk assets after the break. ♪ just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. [beeping] ooo come on everybody, i think this is my grandson. [lip syncing] ♪little girl you look so lonesome oh my goodness. ♪i see you are feeling blue ♪come on over to my place ♪hey girl ♪we're having a party ha

with the cyprus security unit will do? we're already doing it to analyze them provide legal guidance on and cybersecurity issues to the extent they implicate federal laws like the wiretap act and are already working with congress on legislation empire days and working with the national security council made on various initiatives and actively engaged with the public sector to address those legal challenges addressing cybersecurity and it is only been an existence a few months but it has broken a lot of ground and has been a big hit there is a lot of honegger for it we are conducting a reach and meeting with security researchers in in-house counsel and trade associations and others in the private sector. one recently had the discussion with the center for strategic and international studies to talk about active defense and what can companies do? with a cybersecurity unit website a summary of that discussion if anybody is a nerdy enough to go look at it. [laughter] but i did. will also learn to about in-house counsel challen

morning exercising good morning to do with the winds are called the moment it is nice and cool off cyprus to whether it's a that this afternoon we will look for tub just a warm-up to the minister of the '60s and the south of that will have about 65 other parts cost to the airport the '60s you did that temperature range is afternoon that is a snapshot of san jose is a glimpse of where everyone is right now we're looking at the '40's like daly city 53 in san jose with a mix of 04 to low 50s across the east that i will be back in 15 minutes >>george: take a look at the 880 of a crossing starting to back up now over the westbound lanes of the toll plaza that is right here not quite over the eastbound lane that is never a good sign with the drive times still holding at about 18 to 19 minutes currently not that that it could be changing here at the san mateo bridge as we now move past a study by one minute we should be seeing slow traffic here but don't there's no reports of problems and a bright lights coming on behind bed with a shoulder on both sides of the bridge that makes it much easier t

last year they indicted five chinese military officials on charges of cyprus mÉnage -- cyber espionage for allegedly companies. this will be the 11th time the justice department has brought a case regarding the 1996 law regarding espionage and spying by her powers. -- by world powers. china has been sick about but russia is among the biggest pilferers technology. angie: many people are watching for this. thank you very much, michael. if there was any clarity, our next guest says is long gone now. ♪ >> 20% is what's going to be published for the fourth quarter. i think there is a seasonal problem. and it ism exists the gdpt to envision growing at 3.5%. >> we have been taking money out of the market and investing long. the average maturity really accumulated in these bond purchases is close to the 10 year level. at some point you have to pay the piper. the real issue is what happens when rates go up. they have been just increasing gradually. we have been suppressing the yield curve. foreign buyers have been helping us suppress the yield curve. i think this is the ticking time bomb. >>

and in those days if people forget, we have to go to cyprus because there was no direct connection between any other country so i went to egypt and people told me there was going to be a war. i went to jordan for the first time i tried to interview him with a tape recorder and i didn't know how he ended up starting at funny. i admired him and enormously. i came back to princeton and i decided i didn't want to do economics. i wanted to be a journalist. and they were still kind of the heroes of the day and i came to washington to try to do job get job and i found the progressives. a mentor of mine coming as he was nothing if not skeptical, mr. skepticism. when i would go to him with a problem or national security challenge the government he would say remember they all lie. and they always will. and the only thing you can depend upon is what they put in their documents. and he would go through them religiously and he was a great source of inspiration. so, when i got to the times, i was hired because of affirmative action. the women of "the new york times" earlier had sued the paper and i have

we started with the idea we wanted to unpack the connected tissues that would link the debates over cyprus security with the debates of bio security or drones and robotics. what we found is there is a cybersecurity debate that i am sure a lot if you are familiar with which people talk about the uniqueness of that environment and the things they say that make it different from anything else before is that you can attack remotely with great distance with limited capacity to rich tribute the attack. it is difficult as one said has disseminated down to the level of individuals in the thomas friedman sort of way that the world is flatter then you talk to people who do buy a security for a living to save is so unusual to attack over great distances with limited attribution and almost anybody with a reasonable grounds school couple proficiency then you realize they are describing the same set of the fax -- defects. so we tried to do is break through to a higher ground to describe the effect of technologies of mass empowerment to distribute the ability and and also disturbing their responsibility

of thears that the head cyprus governing body will survive the election, for now. blatter -- -- sepp bringions of individuals shame and humiliation on action andd demand change from us all. football andow fifa to be dragged through the mud any longer. alix: the head of the european federation is calling on him to quit as will as british minister david cameron. a proposal would require car services to be governed by many roles that govern taxis. it would include picking up passengers at airports. billionaire steve schwarzman said if he were 30 years younger he would be an entrepreneur in silicon valley. he is doing just fine as the cofounder of the world's largest private equity firm blackstone. hotthose are your latest stories. coming up in the next half hour of the bloomberg market day -- pandora turning 10 years old this year. we will hear from its founder, technologies. we will take you inside the biggest technology deal ever. and gamestop is expected to announce earnings after the close. the battle for your wrist is going right to the court. awbone is suing its

through the central mediterranean sea into italy. 50,000 migrants tried to enter turkey, bulgaria, cyprus, through the eastern mediterranean. 43,000 others tried to cross over into europe through the western balkans. >> this influx of migrants raised concerns in britain. reports say prime minister david cameron will unveil a plan here in the next few hours that would decrease the number of migrants entering his country and include measures to speed up deportations. the plan comes on the eve of a european summit at the prime minister will use to start renegotiating, britain's ties with the our pine union. amnesty international says qatar is failing migrant workers there and that the country has made very few labor reforms ahead of the 2022 world cup qatar will host. amnesty's report, was just released in the last few minutes. we looked night. it says qatar hasn't done enough to address nine labor exploitation issues identified last year. >> amnesty says no progress has been made on the these areas in red. the need for an exit permit to leave the country. restriction on switching employers.

don't make a move before then, they might get presented with a take it or leave it offer the .ay that cyprus did we will impose capital controls. you will make these changes to your policies. or we will let go. alix: we have seen capital controls, but what about the market? it's bananas, complete a us. lisa: "the market is going to church, normally not the best strategy, but for now it seems to be working to go this is what people are saying. that it will be ok, we will be just fine, yes, if it does not happen the way the people are expecting it, could the markets go bananas? alix: thank you so much, mike and lisa, good to see you as always. up we are headed into the market close and i will be fromd by stephen parker j.p. morgan private bank as we look at s&p and another record high. ♪ alix: 4:00 in the afternoon here in new york. we are moments away from the closing bell. i'm alix steel. you are looking at stocks at another record high. not just the s&p right now, but also the doubt. a record high for both indices. the nasdaq is higher for the third time in four sessions at its highest le

there's not a single person from italy, not a single person from greece or hungary or cyprus. this is not coincidence. to put it in a nutshell by looking at the list and drawing a map. though the map of russia's friends and russia's opponents inside the european union >>> from the russian perspective is it making a point or is there a goal to soften e.u. sanctions on russia. >> absolutely. actually russia is trying to repeat that sanction policy. that is why it is using the stick and carrot approach. it's not just simple retaliation. we are in the midst of a war. what i find striking is that this decision was taken just weeks before crucial e.u. summit. which has to decide on the future of sanction policy. it has to expand the sanction imposed last year for one more year. or to abandon it. it seems that russia is filling e.u. weakness. inside the e.u. there's a group of countries not happy with sanctions. it seems that the e.u. is scared. russia is trying to press hard. and send in e.u. members of e.u. clear signal - think twice before taking decision. because it can bite >>>

my stock is cyprus. >> i'm glad you asked. a lot of people on twitter said what's the story. you liked it at 16. let me explain this. i liked cypress for years and years and years because t.j. rogers is a great operator. i like the merger it's going to be terrific. they're headed down right now. i urge you to stay with them. if you don't own any you might want to look at it tomorrow. lorraine in new york. >> hey jim, how you doing. lorraine on long island. >> hey how are you? >> good. best wishes to your wife. what i would like to know is teva. >> no, they're in a real dogfight. they're an overvalued stock. i do not want to own the stock and i'm not going to recommend it. let's go to depender in connecticut. >> i'm great. how are you? >> i'm good. >> i just wanted to know what do you think about home depot. >> they're okay. right now there's a ce change. people are getting out of domestic stocks and going into overseas stocks. home depot is going to be fine. this is the season on home depot but i think the stock has a couple of points of risk before you take the plunge. mike

>>> that means no sugar land deal, back in the everglades the bad news echoes, the sawgrass and the cyprus trees. what was once billed as the biggest conservation program now lies nearly dead in the water. >>> you can see more of the report, on america tonight at 10 eastern. >>> afghanistan is expected to set a record, this year for production of heroin, that despite efforts by government to discourage the drug trade. >>> john cultivating poppies for opium dates back thousands of years, and the money that can be made, means they are popular for farmers in afghanistan, so much so, their the key to the economy. >>> the government has been trying to counter it, and said it is making progress. providing al jazera to its secret drug court. >>> we never take bribes and do honest work, we do it. this is because we know, afghanistan is under severe threat from drugs. coming up, how the system works and, in some cases has failed and, we'll look how farmers are not likely to stop producing it. >>> thanks. >>> coming up next, actor and play right eric on what inspired him to write a book about the ge

cyprus is not a favoured destination. the tough stance means asylum seekers are in detention centers without guaranteed of meaning granted refugee status. hoda abdel-hamid spent this report. >> reporter: they didn't die at sea. they say they have not been alive since arriving in cypress. that man and others are on a hunger strike, after months of protests outside the ministry failed to pressure the authorities to grand asylum. they are syrian kurds that came to cypress 10 years ago. only now have they been given so called subsidiary protection. but for them it is not enough. >> translation: what can i do with subsidiary protection. i don't have a passport. i'm a prisoner. we live in insecurity. subsidiary protection means they have passport and can work. they are stateless and can be imported at any time. they say their biggest mistake was to apply for asylum. many that apply and unable to survive on their own, end up in detention centers like this. 170 have been here for months, waiting for the application to be studied.

ticket prices are listed as the web cyprus and the fair will be here through sunday so come out and have a good time with the family. and antioch prepared >> reporter: it will be hot tamale and saturday. keep that in mind if you decide to take your family out. we do have some size of an effect more sunshine tomorrow. we have low 80s and fairfield and warm and concord as well. upper 50s in san francisco thrift still cold amount of water. >> reporter: 4 tonight expecting increasing clouds and patchy fog. saturday will be our warmest decade with a lot of eighties inland. there is a look at the baseball weather. >> reporter: the oakland a's will be plan tonight. as 7 05 with temperatures and the low 60s partly cloudy also tonight the giants are playing and we will talk more about the forecast coming up a little bit later. >> pam: thousands of bay area high school seniors are lookinga rite of passage. filled with honors and hope. >> pam: tonight, we celebrate their accomplishments. kron 4's maureen kelly introduces us to a top grad high school. >> pam: high school students are over the bay ar

. >> we had a greek government official deny reports, deny the fact that greece is considering a cyprus-style bailout. there has not been any public talk about a bail in. the idea that this week government official is denying a bail and has spooked markets. the 10 year up. that is on the bad news. the medium side, the eu commissioner for the economy was speaking in berlin. he said some progress is being made, but he cautions there is a lot more work to be done and there are still big issues with tension and labor reforms. what are the red lines for -- and the troubling thought is that may be to -- tsipras is not in control of his party. a left-wing party will hold a meeting to decide their red lines. mr. tsipras may be the politicians that -- one -- wants to interact with. erik: i would like to focus on the spanish economy minister. he was speaking saying that greece has no room left to maneuver. the reason i bring him up is to harken back to our coverage in january and february, where they emerged as the hardliner in the backroom discussions with the greek government. hans: i do not want to

--went so far as pointed out as pointing out, why have countries like spain, portugal, cyprus, ireland done much better than greece? all of them received some level of support. it is because the fiscal burden that was placed on greece was much greater. he even went so far as comparing greece to the u.k. if you years ago, fiscal deficit to gdp was more or less the same. greece has done much more than the u.k. at getting it back into surplus. but the u.k. is doing much better. , if creditors insist that we much save -- that we must save more money, it will derail the economic plan because it does not work. people will suffer more hardships. his public support of the reform agenda that they have put forward wilson we breakdown. while that may be true -- will simply break down. while that may be leverage in negotiations is with the people who have the money. angie: of course. what about the bills due next month? can greece meet those obligations? david: what we know is they can actually come up with the money for next month. 5ne will last them until june 5. at least liquidity. beyond that,

. >>> we're at the "action news" board, we have ronnie from cyprus he got a perfect score ons s.a.t. when he asked about achieving perfection he said he doesn't deserve the credit. >> it's a lot of hard work, my family, they've teaching me, they are my teachers. it's their accomplishment more than mine. >> very nice, now the national average for. act is 20. last year 1400 students in the entire county received the impressive perfect score of 36. >>> in albuquerque, new mexico two police officers went above and beyond the call of duty for a woman who was the victim of a robbery. she was mowing her lawn and opened the garage and stole her car keys and took off in the car. one of two police officers responded to the call. after he investigated he finished mow the lawn for her in full european form. his partner held by bagging the clippings. and she said the kindness didn't end there they offered to use the edger to make sure the border of the lawn was just right, but it had a low battery nice, anyway right? we're back with sports. 14 irresistible flavors. one for the mood. one for the m

cyprus has stepped up talked to reach a preliminary deal ahead of sunday, ahead of a deadline later this month. here to discuss that is bloomberg's senior economist, christine scholz. we have had so many in recent months, the latest luminary deadline ahead of the finance ministers's meeting. should we shrug our shoulders and hope for the best? >> we should focus on the content of these discussions, what is needed. and then a secondary step, one thing from the history of the crisis that we know is, all of these deadlines kinship. they will make the decision one way or another. i think the deadline part is more focused on where do they actually stand in terms of negotiations? how close are they? in my opinion, they are still miles apart on pretty much everything -- except the fiscal part. where the greeks are saying they want some primary surplus. there are structures for labor reforms deregulation of various sectors of the economy, all of these things that we are nowhere near a deal at all. manus: with that level of granular detail that the imf referred to, is that achievable by sunday? s

cyprus, the worst performer down 92%. this is the bloomberg sovereign bond index. it is a gauge of u.k. government bonds. may 7, 2010 -- since then, that index is up by 36%. that beats the u.s. treasury market, up by 18%. it beats of the eurozone's sovereign bar -- bond market. germany's sovereign bond market is up by 26% in the same period. the european bond markets, which have outperformed the u.k., are spain portugal, italy with a 44% gain, and ireland with a 72% return. let's finish with currencies. let's look at the pound against the dollar since may 7, 2010. in that period sterling has risen by 2.5% against the dollar and i looked at all the major currencies in the world. there are not many currencies which have risen against the dollar in that timeframe, only 21 out of 174 currencies we track of bloomberg have risen more than 2% against the dollar. the best performer is the somali schilling with a 116% gain. the worst performer is the myanmar kayaked with a drop of 99%. the euro, down 12%. the yen, down 24%. the swiss franc rose 19%. there you have it, three

look at what cyprus did in 2013. it did those two things and kept the euro. i think that is still the most likely outcome now for greece. erik: thank you. from cambridge of this money, university of california professor. stephanie: coming up, target is back on track. we are asking former bloomingdale ceo michael goal and he will give us his take on how the retailer is getting shoppers in their doors. stay with us, you are watching bloomberg tv. ♪ erik: coming up this hour, former bloomingdale ceo will be here to continue our coverage of this week's retail earnings. almost 2 million college grads will hit the real world this month. we will talk about the recruiting business. stephanie: let's get straight to the top headlines of the hour. indonesia and malaysia are coming to the rescue of stranded migrants. they have agreed to take thousands of them in until they can be sent home or resettled in another country. an estimated 8000 migrants are still at sea, many trapped on rickety boats. some were abandoned by traffickers after a crackdown on human smuggling.

out of money to pay its own wages, its own pensions its own public spending and at that point like cyprus, they really have to turn around and either say we're going to tighten our belts even more than we would under the austerity program or we have to do a deal with the e.u. >> a viable outcome in terms of postponing kicking the can down the road we're only talking about that. that the government is going to be able to hold together under that kind of scenario without a referendum and even then i'm not talking about a future deal and the country just doesn't have the money to make a choice now even between what they do and pay. >> did they have a choice a few months ago? s has a mistake has been made in these negotiations? >> yes, undoubtedly. it does look like at the end of last yeerk beginning of this year greece had a so-called primary debt surplus, which means they had a surplus excluding what they would have to pay the imf and others for debt payments. that surplus has disappeared basically the economy has collapsed again this quarter, their tax collections are down so now they don'

we've got cyprus. they're in danger of leaving. there's a chance that they will leave soon. we've got the eurozone debt crisis still underneath the surface and we've got 30% government bonds european government bonds trading at negative interest rates. and germany, the heart of the eu, 70% of its government bonds are trading at negative interest rates. i want to know how bad does it have to get before you would think perhaps now we should leave? >> i don't by the way, think eight countries will leave. >> possibility. >> well, everything's a possibility. but i don't -- i absolutely don't think it's going to happen. i'll tell you why. because in a globalized world where we have big borderless threats like climate change, you know, human traffickers and crime which crossed borders, we have these massive corporations that sort of go from one continent to the other, you've got capital flows going from one -- a corner of the planet to the next it makes sense. i think we become stronger when we do things together. i just think we can fight crime we can fight climate change we can r