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CNBC's Steve Liesman has the highlights of the Greek austerity deal.
The Squawk on the Street news team break down today's market moving headlines, including the ECB keeping rates unchanged, Greek politicians saying they've cinched a deal on an austerity package to secure a second bailout, and earnings reports out of Visa, Whole Foods, News Corp., and PepsiCo.
CNBC's Julia Chatterley reports the Greek prime minister office says reforms agreed to were those requested by the Troika. Insight on what this austerity deal means for Greece's economy going forward, with Ron Baron, Baron Capital; Peter Fisher, Global Head of Fixed Income, BlackRock; Byron Wien, Blackstone Advisory Partners.
What we see down here is low volume and a steady trend upwards, says Scott Bauer, SIB Strategy Group, who adds economic data has been positive and has trumped earnings impact on the markets.
Stock index futures pointed to a flat open for Wall Street today as investors looked ahead to talks to secure a new bailout for Greece as well as a policy decision by the European Central Bank. In Europe, shares were higher in morning trade on hopes that a second bailout deal for Greece was in the making, with the country's finance minister on his way to Brussels for a meeting with other euro zone finance ministers.
Rebecca Patterson, MD & Chief Markets Strategist, J.P.Morgan Asset Management says even if Greece is able to reduce its debt load, the country's debt-GDP ratio will stand at 120% ten years from now.
Greeks are set to cut 15,000 jobs, according to a Troika Draft Report. CNBC's Brian Sullivan has the latest.
In the U.S., markets are slightly lower after hitting a 3.5-year closing high, as investors wait for news out of Greece. Disney and Ralph Lauren are up on consumer spending. McDonald's is down in spite of better than expected global sales for January. And Cisco and Groupon trade lower ahead of earnings later today.
Markets in Europe are mostly higher as Greek political leaders meet in Athens. ECB policymakers are divided on countries' contribution to Greek debt restructuring. RBS shakeup has cost $60.5 billion so far. The Bank of France says country's economy will post zero growth in the first quarter. Investors watch tomorrow's ECB meeting to see if Draghi will tip his hand on Greece? With David Kelly, JPMorgan Funds chief market strategist.
Insight on how Europe is keeping rates lower, with Austan Goolsbee, Council of Economic Advisers; CNBC's Steve Liesman & Rick Santelli.
Discussing whether Greece's issues is less and less of an economic problem and more of a financial event, Howard Ward, Gamco Growth Fund and Tres Knippa, Kenai Capital.
Insight on the pieces of the puzzle European finance leaders are working through to solve Greece's debt crisis, with Julian Callow, Barclays Capital and CNBC's Julia Chatterley.
U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, with investors positioning for a favorable resolution to the Greek sovereign debt crisis. European stocks rose in morning trade, breaking a two-day losing streak, thanks to a string of upbeat corporate outlooks and as investors bet that Greece will finally secure the bailout it needs to avoid a chaotic default.
As Greeks riot in the streets, and austerity measures remain stalled, is Merkel the last hope for Europe? Nicholas Burns, Harvard University professor, provides perspective.
CNBC's Mandy Drury on the day's marginal gains in the U.S. markets. Shanghai shares slip 1.7 percent. Australian RBA unexpectedly leaves rates unchanged. Yum! Brands jumps on overseas growth. Coca-Cola announces a new cost-saving program. News Corp being investigated for possible violations of a U.S. law against payments to foreign officials.
Markets in Europe mixed as investors continue to watch Greece, which is said to be finalizing a bailout agreement. UBS shares edge lower as results miss forecasts. Glencore agrees to buy remainder of Xstrata for $41 billion. BP raises dividend after strong 4th quarter. With Russ Koesterich, BlackRock Glbal chief investment strategist.
CNBC's Rick Santelli shares his thoughts on the Fed's recent transparency efforts and whether the ECB's LTRO operation was a success or failure.
CNBC's Michelle Caruso-Cabrera has the details on another rounds of talks taking place to secure a bailout for Greece.
CNBC's Julia Chatterley has the latest on talks in Greece as unions protest against austerity and government actions.
Stock index futures pointed to a lower open for Wall Street Monday, tracking struggling European markets lower after a set of disappointing earnings from the likes of UBS, and with uncertainty over Greek debt talks still lingering.
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The Hong Kong protests are "unsettling" for businesses, says Anson Chan, former Hong Kong chief secretary, adding that the international community should be more involved.
Anson Chan, former Hong Kong chief secretary, says the Hong Kong authorities' response to the protests is surprising, and that this crisis is entirely "of the government's making".
Phyllis Papadavid, senior global foreign exchange strategist at BNP Paribas, says the latest euro zone inflation data "confirms" that investors should short the euro against a range of G10 currencies.