michael houston is the chief analyst from cnc markets. thanks for being with us. with all the uncertainty hanging over greece why are marketing shrugging it off for now? >> well i don't think it has been any surprise that greece was going to default on that payment. i think this is a classic case of uncertainty ahead of the fact. now the markets are moving on to the next concern which is the weekend referendum. we had a decline over the past few days and what we are getting now is a relief rally. the sky hasn't fallen in. the euro group is looking to consider a fresh proposal from the greek prime minister the greek government later this morning and the european central bank is set to review the emergency lending facility later this morning as well. i think it's very unlikely they will alter that ahead of the referendum. and i think what markets are focusing on now is the fact that euro group is looking at a fresh proposal from the greek government. i think there are grounds for optimism a small amount of optimism i should guess. >> whatever small optimism they can

a cnc machine. the dowel inserter, the shaper, the joiner, and the planer. there's a lot at stake for everyone here at precise, and what they need is a fresh start. dean: here is where you walk in. this is your front entrance. lemonis: okay. okay, so these boards are great. dean: so, what that is, that's the view standing if you're in the corner by the rv sales. lemonis: this is cool. dean: and if you look up or to the right, we're actually building an rv to hang off the wall. if that doesn't grab your attention, nothing does. lemonis: how do you feel like he's doing? -keith: phenomenal. -lemonis: yeah? keith: i think the whole team -- this building is so energized right now, it'great. we're ahead of schedule. -lemonis: oh, really? -dean: yeah. better to get done early than late. keith: i couldn't wait for tuesday. i really wanted you to see this, and i'm hoping that you like it as much as we do. lemonis: if it's done early, great, but the attention to detail has to be there. dean: i know that. i know it. -lemonis: keep that in mind. -dean: i know that. lemo

a few weeks ago, i was in nebraska, population 287, i visited cnc processing husband and wife meat processing plant it was literally two-person operation, and now, thanks to a broadband correction, they export to every state in the country and around the world. they export wholesale to whole foods -- >> you disagree -- >> what i'm saying i embrace the different policies to make sure broadband is as wide and deep as possible. i'll leave the semantics for others. >> thank you. thank you very much, thank you, mr. chairman. >> chair now recognizes the gentle lady from tennessee, miss blackburn. >> thank you, mr. chairman. okay. commissioner wheeler, i want to thank you for your letter dealing with the spectrum auction and small businesses we got it yesterday and i may come back to you with a couple more questions on that. you know my concern and i appreciate your responses. all right. i think we can all agree that we are for a successful spectrum auction. everybody agree for that? >> yes. >> okay. i'm so happy we're all on the same page. make your day, right? let's talk about the steps, and commi

we turn to a cnc contributor. let's take a look at what this means for greece.some don't. the greek pripsme minister is saying vote no. >> they vote no and they're out of the euro zone and they get no money. there is some reports that banks could run out of money tomorrow and do what was done in cyprus where the banks hold on to everybody's money and haircut their deposits by as much as 30%. if you have $100,000 in the bank you'll get $70,000. their gdp has contracted 26%. the unemployment rate is 26%. this is where the united states was in 1932 during the depths of the great depression. if they vote no -- again this is you know pride goth before the fall. if that's the reasoning they want to use. they won't get immediate assistance and possibly not for the european central bank which has been providing euros to the greek banking system for the last several weeks. >> you mentioned unemployment. joseph stegall writes in the guardian that accepting these strict austerity measures in the bailout deal would mean depression almost without end. that is a very very sev