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Non-convention day for a point they are moving it to a smaller venue. they will hold more than 100,000. there is still pain in spain in italy and other parts of europe as moody's downgrades for spanish banks. minutes ago until the opening bell. cnbc's becky quick is here. becky, hasn't the market priced in european decline for months. at what point do they stop pricing in decline? >> the $64 million question, chuck. i don't know how to answer it because every time we think we realize that things are bad and something is going to happen, something else happens like moody's downgrading the banks...

put lipstick on this pig. welcome to "your $$$$$." i'm ali velshi. christine romans the host of your bottom line, my good friend, has been studying these numbers. she breaks it down for us. christine, everybody who watches knows some jobs day we have some area of disagreement. i can't find one. >> you and i are together on this. the glass is half empty. you and i both see it that way and it's rare. 69,000 jobs created. this the world's largest economy, the world labor the world follows, the biggest driver of growth. there you go. if people don't have a job, they can't be spending mon...

Businesses, and consumers. investors were pretty happy with the developments today. the main stock index in germany up 5%. in britain 3%. in france, 4%. before this move the experts had warned that the euro could collapse within days and trigger a global financial disaster. think that's too dark a prediction? consider that the united states depends on europe to buy about 20% of all of its exports. if the europeans go into recession, those markets disappear and our economy does, too. but make no mistake about today's events. this is a short-term solution. not a permanent fix. and it does not ad...

And said that the republicans should unify against obama as opposed to circular firing squad. opportunity for newt gingrich tonight. opportunity for rick perry who when he came into the race shot to the top of the polls and plummeted during weak performances. tonight is an opportunity for him as well. >> shepard: carl cammeron tonight. rochester, michigan. carl, thanks very much. disastrous days in the markets. real troubles about the entire world's economy. one day after stocks went through the roof. your 401(k) took a beating today. look at all the red on this board coming. the dow down 390 ...

We're joined by cnbc's brian shackman. how is the market handling italy's news? >> we've improved throughout the morning, chuck. since you brought up italy. berlusconi said he wasn't stepping down. there is a lot of pressure for berlusconi to step down. he's facing a 50/50 confidence vote. pretty unbelievable. greece is getting a new coalition government but they don't have a prime minister yet. they have to do that before they can get the next chunk of money to keep that government agloat. people have turned their attention to italy. 10-year bond is record high. basically means it is so expen...