breathing a sigh sigh of relief after the sunday election in greece. we have what s moving your money. looks like staying in the european union is greece but this is not like a long-term solution. right? what s the impact? absolutely. hi, chris. well the impact may not as profound many thought. while it s a win for the center right democracy and easing fears of the sudden exit of the euro. greece may have issues paying this summer. so it s far from out of the woods at this point. italy and spain facing mounting debt problems themselves, so despite the election, the euro zone crisis is far from over and hangs over the u.s. markets. microsoft out with a big announcement this afternoon. the buzz is about a new tablet to go up against the ipad? absolutely. that s right. the thought is that microsoft will unveil a tablet, running on windows 8.
react to what happened overseas? the opening bell just 30 minutes aw away. and life-altering disease. jack osbourne diagnosed with multiple sclerosis. how he is coping. plus take a look at that. talk about a tennis tantrum. ow! taking out his frustration on the ad board but hitting the ump in the process. not only does he get kicked out of the tourney but the police are considering charges for that ornery tennis player. good morning, everyone. hi there. i m ashley banfield. we want to begin with your wallet, your money. the reason stock markets around the world are bouncing around this morning because voters in greece are supporting the nation s controversial bailout. finally they re doing so. that s the kind of decision that could have sent that economy and, in fact, the world economy reeling. on wall street the sense of relief is kind of ho-ho so-so. 30 minutes before the opening bell and the markets are mixed. investors are skittish. our business correspondent are ch
putin, and the two are at odds of how to end the bloodshed in syria and the international response to iran s nuclear program. in colorado wildfires are spreading. crews fighting the fire in the pike national forest are getting help now. firefighters from california heading there and the other big fire in colorado has burned more than 58,000 acres. national weather service says that the fire risk in six western states today is critical. i want to get to the big election in greece over the weekend. it looks like crisis averted at least for now, and everybody was holding their breath waiting to see who would win and how it would impact the finances here in the united states. on one side, the conservative party who wants to hang on to the financial bailout of greece being offered by its european partners even if it means greece going through the deep painful cuts. on the other side was a left wing party who wanted a big renegotiation of the terms of the bailout. some said tha
euro zone crisis remains a head wind to the u.s. recovery. our economic stake in europe is immense. reporter: and to give you an idea of the urgency, after the vote in greece that you just mentioned, the president after next sunday, will be at the g-20 summit in mexico with many of the european leaders, next monday, and tuesday, and as you know after that, the federal reserve next tuesday, will be meeting here in the u.s. about what steps, what actions they may take to deal with the continuing head winds. next week there are a lot of critical moments at the white house. we will watch closely. neil: with so much uncertainty the president has little control of over there. my guest says he needs to take action here. on the stuff which he does have control. guest: well, one of the things we have to do is address our near determine and longer term problems when it comes to the huge deficits we are running and the huge amount of debt we are accumulating which is going
the path is a good barometer not to do that. every time they dip in the wallet, they are surprised on the downside. better part of valor is raise the dividend, buy more stock or just sit tight. that is what they are doing. they re just sitting tight. chris: finally, we got a minute left. the president talked a lot about europe today. and the fact that the crisis there is also a drag on the economy. how much of an impact is it having on the recovery? for all the talk about the euro zone crisis, does he have any more clout in europe than say the german chancellor would have talking to the politicians here in washington? he does have an impact. we re already seeing it with some saying that exposure to europe is hurting them. haynees, the underwear maker just go out of there. we re exposed to what is going on there and worried about a