joining me now, let's first talk about wall street and how it reacted. >> it began very promisingly as your graphic showed. there was a brief flurry into the green for about the first 45 minutes of trading and the s&p 500 came within a quarter of a point of an all-time closing high earlier today. then there were some comments that came out from one of the officials associated with the european union. in which he said basically, later retracting it, that he thought that the bailout provisions in cyprus would be a template for the rest europe. this send some shudders through the european banks and there are stocks and that came across the atlantic. and for much of the morning, the dow industrials were down more than 100 points. but after a spokesperson for that e.u. official sort of walked back from those earlier comments, the dow has come back. as you see, it is off just 55 points. one of the folks we talk to on air on power lunge about an hour