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Government that's not only grounded in democratic principles but is also responsive to the aspirations of the egyptian people. >> president obama there, of course. well, it's 11:00 a.m. in cairo right now and people are once again gathered in tahrir square. are there as many people as we saw on tuesday, fred, where, you know, people were talking about this million man march? >> reporter: oh, by far, manisha. it's far less than it was yesterday, which is not really surprising because the million person march was one that was scheduled for yesterday and now sort of the day after, though the risk...

For over 30 years. he was coming to the end of his term in office. again, because of things people were concerned he was trying to appoint himself for life and his son as a successor and it caused a lot of consternation there. this also comes ahead of what is planned tomorrow as a day of rage in yemen. there's been a call on the internet by many o opposition leaders for tomorrow to be a range in yemen, for people to go out in the streets and try to call for the president's ousting. manisha. >> i mean the echo, of course, from what we've seen in egypt and tunisia is so strong. one of the issues...

We're going to have more on that later in the show. meanwhile markets in taiwan, and others are closed because of the new year hold. wall street was on a winning streak tuesday. u.s. investors put egypt's concerns aside in favor of optimism after strong manufacturing, of course, in the u.s. and china. the dow and s&p 500 surged their highest levels in more than two years. here's how it looked at the close. the dow finished above that all important 12,000. the nasdaq gained almost 2%, and the s&p broke 1300. well, the focus is obviously going to shift whether those gains are going to contin...

Basically telling america not to be afraid and they are quite capable of electing a democratic leader who won't do a lot of things that america doesn't want him to do. so, therefore, i think that the people -- they felt after what they heard hosni mubarak say, they're feeling a little better. it still falls quite short of the position they believe u.s. should be taking, manisha. >> all right, fred. thanks for bringing us up to date live from cairo in tahrir square in the backdrop. so much happening there. thanks a lot. the uprising in egypt raises fears that the oil could spike. so far they'...

Yemenees for a very long time. >> reporter: you have a secessionist movement in the south, a growing al qaeda problem and so much of the population that's under the age of 30 and they're trying to find any kind of job. that's one of the things that's really compelling them. they just don't feel they have any economic opportunity. also i would say in the last couple of days, the president also in a way is trying get support from his people had announced an economics incentive package and he also announced he would be raising the salary of the armed forces, again, he's worried that he understand...