malfunctions at united and the stock exchange were not the result of any nefarious actor. while terrorism is ruled out, the cause is still unclear. an overnight software update may have played a role. dow s up and are we up? it wasn t until 3:10 p.m. the exchange was back up and running. shut downs like this are rare but not unheard of. in 2013 another technical glitch paralyzed the nasdaq for three hours. going forward, do we need to change the protocols? absolutely. this can t happen again. we can t put ourselves in this position again. the dow closed down 261 points, not just because of this technical glitch but also because of financial trbs in greece and china. the night before the hacker group anonymous posted a cryptic tweet hinting there may be some sort of problem here. again, homeland security officials insist they found no
gotten over the last five years or so. that s going to be one of the key events. in the meantime the greek people are waiting to see exactly what happens because all the banks are shut down due to the crisis situation. and as a result greek credit cards don t work outside of their own country. they can t bring more than 1,000 euros cash outside the country. this is on top of already only being able to withdraw 60 euros per day if they even have that money in the bank. a lot of businesses are beginning to suffer dramatically because if they can t import product that they put on their shelves like dog food for example, none of it is produced in greece. all the pet stores here have to import it from somewhere else they say they ve got a month s supply. if the banks keep shutting they can t pay for imports, they re going to to start running out of things across the entire economy, food, all kinds of stuff. there s a lot of concern here. if they don t get a deal by sunday it could be that g
from the nine lives lohse and that flag coming down expected at 10:00 a.m. tomorrow, certainly a shift that you feel. craig melvin, thank you so much. we appreciate it. i m sure you echo that new day in south carolina that governor nikki haley has been talking about that many there will feel as well. reporter: amen. craig, thank you. now to a make-or-break moment for greece. in just days leaders in europe will consider throwing another lifeline to greece which is about to run out of money. michelle caruso-cabrera joins us live from athens. michelle, where are we standing now with everything? reporter: well, right now, we are just a few hours away from a deadline for greece where they need to submit a list of all the reforms, the changes they re going to make to the economy so that it will grow more. and if that list is satisfactory then they re going to start entering negotiations with the other countries of europe to see whether or not they re going to give them more money.
higher. also a little optimism about the ongoing negotiations between greece and the european union. there s some hope they might averta disaster over the weekend. grease greece has to submit their own proposal today. right now, the world is a little more optimistic than it was yesterday at this time. traders have a lot to make up for. yesterday, those four hours. as we heard the opening bell trading is starting this morning. let s talk about the software glitch that stopped the trading for four hours. the worst technical shutdown in the history of the stock exchange. now that it s passed opening bell started, back to business how big of a deal was this? a big enough deal that they have to review their systems, how it implemented changes to the system if it s going to roll out new software update existing hardware they have to find a way in which it can t create the glitch we saw yesterday. absent any external issue, which