mouth. so every headline up is it s down it s up it s down. we have to remember that fear gauge for the market which is kind of how you look at uncertainty and how it s affecting volatility it s fairly low. it s lower than it was in december as recently in december. if you take a larger term view probably next week it s going to be up and down compared to the headlines. but unless you have money in greek businesses or greek stocks chances are long term you re not going to be feeling, you know a great amount of problems. the european central bank is going to have problems if there s no deal because it will be on the hook for about $35 billion euro. but international banks have far less exposure now than they did in past greek crisis. you know all of the euro zone leaders saying that they really don t want greece to exit the euro zone.
but a movement that couldn t be avoided and we couldn t do otherwise. we fought it we tried and we couldn t do anything else. tomorrow is being billed as the last chance on all of these euro zone leaders, uma. so basically, it s the issue of trust at this point or so it would seem all of these different bailouts and failed negotiations have led to a breakdown of trust on both sides and to a large part and a large extent the euro finance minister wants to know if the greeks say they re going to do all these things that they re actually going to do them. back to you, uma. well now back in this country and turning to the stakes wisconsin governor scott walker plans to announce the launch of his presidential campaign come monday but it appears somebody actually got ahead of him. last night this tweet, take a
congressional baseball game. the blue team beat the red team 18-5. that s your morning dish of scrambled politics. now, here is your frs look at how wall street will kick off the day. the dow opens at 12,602 after being down 12 points. the nikkei spiked 132 points while in hong kong, the hang seng skyrocketed 416. progress on europe s debt crisis could help stocks recover some of europe s losses. euro zone leaders agreed to take emergency action to bring down italy and spain s borrowing costs. they agreed on new bank supervision and okayed bailout funding for struggling banks. earlier, the supreme court health care ruling pushed hospital stocks higher. etna lost 3% as investigators
care ruling later today, investigators will keep a close eye on a summit of euro zone leaders. angela merkel was in france yesterday saying the debt-ridden region needs more banking supervision not a euro zone bond which she calls economically wrong energy stocks led wednesday s gains after oil prices settled above $80 a barrel. meanwhile, rebound in manufacturing and housing data drove more positive sentiment on the street. arena pharmaceuticals shot up 20% on news its anti-obesity bill, bellvic was given a green light. rupert murdoch s news corp rose after the board approved splitting it into separate publishing and entertainment arms. british bank, barclays, will pay $453 million in fines after admitting they manipulated key interest rates to benefit the bottom line leading up to the
at the end of the two day gvernlths-20 sum et, president boim took the stage and gave us this. i don t want to sound polly an naish here. resolving the issues in europe is difficult. it is difficult. and difficult problems call for big ideas and creative solutions. so we listened carefully. our friends in europe clearly grasp the seriousness of the situation and are moving forward with a heightened sense of urgency. all right. we have heard that before. from him and from anybody else talking about the europe crisis. so we kept listening. and after 24 minutes and 43 seconds, we never got the answer to our two burning questions. will europe be saved and what s the effect of the europe freefall on american jobs. now, here s the closest he came. the best thing the united states can do is to create jobs and growth in the short term, even as we continue to put our fiscal house in order over the long term. of course the biggest argument around world right now is how do