u.s. futures actually are higher. they began the rebound this morning when treasury secretary tim geithner told cnbc s jim cramer in new york city that the challenges europe faceses are within their reach to fix. this is after moody s slashed credit ratings on several french banks, citing their exposure to greece. that default has been a worry for a long time. the downgrades aren t totally unexpected which is why the european markets and the bank shares are taking it in relative stride. european commission president jose broesa confirms the door is open but warns it isn t a cure-all. we ll see if it s three days in a row. the daily rundown will be back in 30 seconds.