president mumbarak resigned? it was really worth it very worth it. tell me, why is this important for your son? this is important because i am not afraid about my son now. my son now will get a good education and good health. and he now can speak freely no, word, no prisons. elsewhere in the square egyptian army rode on the soldiers of the crowd. other soldiers posed with young kids holding them up for families to take photos on the day no one that region will ever forget. those images now immaritallize add day that a regime tumbled and freedom at least began to rise in its place. the fox business network s ashley webster streaming live now from cairo. ashley? yeah, thank you, shep. i think horn honking is a national past time in egypt. they do it so well in cairo. a million people here.
president mumbarak yesterday promised retribution against those who egyptian demonstrators. everybody knows they were actually working for him and doing so. now that we have a new the egyptian army forces in power and other people are in power now, i hope that listen, this is not about retribution at this moment. shepard: understood. we need to build a new egypt. it is not about red tri biewtion. we need to help new forces for democracy to show up, to have their voices heard so we can build a democratic, free egypt. shepard: that s enormous task for people who have two thirds of the country have never known anything but hosni mubarak and certainly in many cases don t understand the concept of freedom. that s why this is going to be more difficult. this is why the military has to play a try to need to show people and assure everybody that they are not there to stay forever. they are there only to safeguard
$70 billion. the news that mumbarak was stepping down helped further drive down the price of oil today, which rose with the tensions in egypt over this period, but has fallen since the protests reached their peek. as you can see, prices were well above $92 a barrel last monday. today, they dropped by another dollar after the announcement of the resignation. settled below 86 bucks, a 10-week low. wall street cheered the end of uncertainty today as it almost always does. stocks opened lower as hosni mubarak held on to power. but took off midday right after he resigned from office. by the end of trading, 4:00 this afternoon, all the major indecember cease were up about half a percent, with the dow up 44. s&p nasdaq 19 and s&p 7. the land of the pharaohs on the brink of a revolution. today on studio b that author, john bradley, told me mumbarak stepped down just in time.
interference. the fox report s chief correspondent jonathan hunt has been monitoring reaction across the middle east. no country is watching this more closely than israel. absolutely, shep. israeli officials are very concerned about the future. they knew they had a partner for peace in mumbarak. we spoke a man earlier today, the former defense minister, current labor party member. he said of mumbarak, and i m quoting here, he, mumbarak, worked very hard to deepen the peace between us and the palestinians and between us and other countries. he was one of the figures that appreciated the strategic consequences of the peace treaty. now, mr. eliezer is one of the very few people who have actually spoken directly to hosni mubarak in the last 24 hours. mumbarak told him, two significant things. one, he is angry with president obama. two, he believes that is there will now be more revolutions across the middle east region and mumbarak believes that that will lead not to greater democracy,
just defeat security force of 1.5 million police officers. this is amazing. i can t really believe that and it is not just that the whole establishment of government there was so strong that nobody believed that young guys would be able to do that in egypt. shepard: is it your sense is it your feeling that those who came out and were violent against the people will they will find retribution against those? and is it your sense that some of those who worked for nile tv and spread this inaccurate propaganda in an almost baghdad bobway that there will be retribution against any of them? i just hope so because this was too much for the egyptian people. i wasn t one of the egyptians that left china a couple of days ago. i called it betrayal of the egyptian people. you know, they should be held accountable for this. and president mumbarak, former