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stephen moore, obviously, the market celebrated. the problem is when bad things happen in europe, they plunge. but people are saying this is not the final solution. but this was a little bit more significant. >> well, it's significant. the market loved it. germany stepped up. germany is the one country that can save europe right now. it's the one economy that's growing. what they passed, what they agreed to, erin, was essentially -- i guess the best way to describe it would be like a mini t.a.r.p. a mini bank bailout like we had in the u.s. in september of 2008. the markets loved it....

two-year low and at least eight of the countries in that nation are in recession. and now joining me is the co-founder of the third way. and obviously, when things happen in europe, the stocks plunge, and people say this is not the final solution, but more significant. >> well, the market loved it and germany stepped up. germany is the one country who can save europe right now, and they are the one economy that is growing. what they passed and agreed to, erin, essentially the best way to describe it is mini t.a.r.p. a mini bank bailout like we had in the u.s. in september of 2008. th...

the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they're about to kiss, doesn't it? european leaders today said th...

erin burnett, and "outfront" tonight, we have breaking news. stocks surged, and the best day of the year and the best june in 13 years. lucky 13, i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel, too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort...