High Stakes Financial News: From Greece To China
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A Chinese stock investor monitors share prices at a securities firm in Fuyang, in China's Anhui province on June 19, 2015. Shanghai shares plunged 6.42 percent on June 19, ending a torrid week as the benchmark index was hit by tight liquidity and profit-taking after a powerful surge over the past year. (STR/AFP/Getty Images)
There are a number of dramatic economic stories in the news today. In Greece, banks and markets are closed, as the country edges towards a default and or exit from the eurozone.
Meanwhile, Puerto Rico’s governor now says that the commonwealth cannot pay its $72 billion in debts. And in China, stocks have tumbled into a bear market, despite a move by the central bank there to cut interest rates to a record low.
Jill Schlesinger of CBS News joins Here & Now’s Jeremy Hobson with details.
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