wall to celebrate and we knew everything has changed. shepard: we don t know what has happened here. we know there is a great deal of pressure from around the world, internally and otherwise, we know that change is coming, and we don t know what it is. and what happens in the next few minutes could literally change the course of human evens for hundreds of millions. reporter: will he speak? step down? name the military. we don t know. we don t know what will happen but one thing is happening there is a huge fight going on inside the ruling elite of egypt right now, the civilians and the military. who will get the upper hand? who is going to get later on accused of and tried for treason and bribery? who will get in trouble? who will lead? that is the fight. and the more time that elapses gives some of the civil institutions that exist, minimal they may be, a chance to
no one is visiting the pyramids. people are terrified to go there and tourism generates from 5 percent to 11 percent of economic output and capital markets very significant, the stock market has been closed for weeks and this morning the plan was to re-open on sunday, and conflicting reports whether that is going to happen but once the market re-opens, there is going to be a rush for the exits and people will be, say the analysts, pouring money out, and taking money out of marks and this is a lot of concern if the industrial bank if egypt can support with the $36 billion in reserves, a transition out of that. shepard: jonathan, our chief fox correspondent, it is hard to believe we are watching this. jonathan: amazing the scene which have been unfolding over so many hours now, the past 24 hours, really, the crowds have been screaming into the square and this is a sense of a nation, now, feeling that it is on the brink of history, on the brink
hosni mubar because hosni mubarak selected him as vice president. they want a clean slate. now, they will, they do understand they will need the army to actually, they do need the army to hand hold them but if they hear it is suleiman it will turn nasty. shepard: thank you, like, over tahrir square are they are chanting a number of things. what was the last one? leave, leave, leave, hosni mubarak leave. and we will stand until all of our demands are met. demand one: hosni mubarak is in longer president of egypt. we expect to hear from him moments from now. stub continues with breaking news in just 90 seconds.
shepard: the egyptian national anthem my country, my country, to you belong my love and my heart. from tahrir square today. it s 10:30 at night in cairo. many here believe that 2 1/2 hours ago the president would resign. we were led to believe 30 minutes ago the president would resign and now we have conflicting reports. the information minister said there will be no resignation much the people in the square are expecting it. and people of the world are watching for it. and imagine sitting in riyadh this hour or in amman, jordan, this hour. or in yemen at this hour. and watching this. and thinking, what? what is happening in cairo? what will be happening across the middle east? and where does the rest of the world fit? why has it come to this at this