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Before dropping 140 points from its previous close, let's look at the markets as we get all up in your business this morning. cnbc's steve sedgewick is live in london, good morning. >> good morning to you. what the market is trying to do is rally twice on the back of the same story. because at the tail-end of last week, all the european and u.s. markets rallied hard on the hopes of a spanish deal. what they did yesterday was rally again, on the fact that we had a spanish deal. but of course people saw through that when the market-makers, the traders put the prices up, they sold into it rather ...

Editor, anna wintour could be named as u.s. ambassador to london this year. country star carrie underwood says she supports same-sex marriage, saying people should have a right to publicly love the people they love. betty white who endorsed president obama a few weeks ago met with him on monday. and joan rivers tells politico, she hates politics and explains why she's in favor of a monarchy. they're there, they look good and they always have good gift shops when you leave the palace. that's this morning's dish of scrambled politics. here's your first look at how wall street will kick o...

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