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You had overseas markets also up very, very sharply. the hang seng, the nikkei are up. that's a big move for one day for stocks. why? because europe has announced a huge, nearly $1 trillion rescue package to make sure what's happening in greece doesn't spread to other debt-ridden economies in the e.u. they are calling this europe's financial version of shock and awe. let me tell you what's in this rescue plan. government-backed loechbs totalling $570 million. this is the rich countries ponying up to help the countries in trouble. a $284 billion in guarantee frs the imf and economic emergency

Zone, in euro zone government-backed loans. $77 billion in eu emergency fund and $284 billion from the imf. that's how it all comes -- you know, gets divvied up. there it is, right there. for a total of more than $900 billion, almost $1 trillion. separately there's the fed, the federal reserve bank of the united states, canada as well, some other countries are all going in and promising that they are going to continue some of the emergency lending procedures that they had in place to make sure that the lending is still moving. so a couple of different parts to this. >> in fairness, that's, by ...

Greece's problems don't spread around the continent and jeopardize the very european union and the eurocurrency. that's what it looks like. $570 billion. $284 billion from the imf and a $77 billion e.u. emergency fund. all together, it is almost $1 trillion. that is the european governments, central bankers and the leaders of europe coming out and saying we are going to do everything in our power to contain the debt crisis in europe so it doesn't spread around the rest of the world. that is why you have futures up so sharply. we had dow futures, kyra, this morning, up 350 to more than 400 poin...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.