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Be touching our savings accounts, but what about in europe? does this lead to a potential run on the banks in other countries people are worried their governments are going to do the same things to them? >> europeans, all europeans with the exception of the germans should be very concerned about what is happening right now with the european union. and the european centr run by mario draghi. he and wolfgang shoval got into an argument a month ago and declared that the german finance minister decl...

Sang and shanghai lose 1.7% or more. american investors have been bullish as we all know lately. and its going to take more than that to turn this around. make no mistake this is a big deal for residents of cyprus with money in the banks. this is like the monster of all fees. basically banks holding your money hostage. cyprus citizens who have $129,000 in the bank could have almost $9,000 taken out if theyre indeed taxed at 6.75%. unlike greece theyre not going to be seeing things like wages and...

Deposits for bank accounts that have more than 100,000 euros in ha their accounts. 6.75% with all accounts for less than 100,000 euros. the euro group president explains why. >> translator: the reason why this package including this levy has been chosen has to do with the specific characteristics of the problems and the banking sector in cyprus, which is as you know more than five times the size of gdp if you would include the greek branches more than seven times. >> so the banking sector is muc...

The lowest, rather, labor force participation since the 1980s, mark, you know that. the jobless rate is decreasing because people are leaving the work force. economic growth the rising tide that lifts all boats in our country .1% increase average. you need 2% to even keep up with inflation. >> megyn: you mention, i mean, you talk about whats happening in cyprus and for the viewers who didnt watch this in the last hour, the government of cyprus has now okayed the theft, thats the word i would use...

Street finished todays trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. thats it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesnt ...

Help, will it help you. ed butowski joining me now. hi, ed. >> hi, jamie. youre in one of the worst housing markets down in texas. the question is whether or not it will help these homeowners looking at mortgages bigger than their home is worth. some had to move out. is this new plan from the president going to help folks out like that? >> any plan that can help lower the rate that people are paying right now will certainly help. so, you know, conceptually this is wonderful, because the average ...

Twist," and now they are moving the numbers around and it doesnt matter how they move the numbers around, if the banks arent loaning money, it doesnt help anyone and i will tell you, i have a daughter, she is a school beacher, and she teaches third grade. four years ago when she bought her throw story town home she put money down, she is quaffed at 6.75 percent and the banks nowry fuse to give her a lower interest rate saying she in longer qualifies for the same listen she got four years ago. bu...

Sports. hes only been around for one game, but carmelo anthony is helping the sniks win big time in more ways than one, not just on the court. according to nielsen, carmelos debut drew big numbers for the knicks on their own msg network. wednesdays game posted a 6.75 rating, thats the highest audience for a new york game in years. the last time they had a bigger audience, michael jordans 1995 return to the garden when he scored 55 on the knicks after coming out of retirement. now on to the nat...

Get into mississippi and alabama and the florida coastline as well, the end of this cant come soon enough. >> yeah. well, were hoping and praying, along with everyone else. stand by, ed. lisa sylvester taking a look at bp stock. whats going on on that front now that the markets have closed? >> well, you know, wolf, investors have been looking at these pictures, the very dramatic pictures, and have been following the news as well. bps stock, it had been hammered since the april 20th explosion. yo...

Credit card rates are going to be affected by this. heres the big win, katy tur, all those people who have waited around for years because theyre conservative investors and they dont want to be in this dow. they dont want their money in stocks. theyre older, more conservative. now you can get a little money in a bank account. i got a mailer that said i could open a bank account with no minimum for 1.3%. that will be a bit of a win for people on a fxedincome or conservative. still not mo than inf...