popandreou to step down now and call for elections. instead, he has called for a confidence vote on his government. debate on the confidence motion is now under way. the vote is expected at the end of the week. the prime minister meanwhile has been summoned to the g-20 summit in cannes, france, to explain to the leaders of france and germany why he surprised them, surprised the markets -- so that confidence debate went late into the evening at the greek parliament. should be starting here again soon this morning. goes into tomorrow and friday night. that's the first hurdle forl the prime minister, explaining the the members of parliament where he has a razor-thin majority of what he is doing and why he's doing it and will that government survive. we can't say that that will be the case come friday night. >> certainly a dramatic situation and a developing one. jim bolduan, many things for keeping us up to date. >>> coming up, it's 22,500 miles awarnings but one of america's busiest ports are shut down. even the police say the protesters

george popandreou is gone. we will get a unity government created, but still we don't know who will be in that government or exactly how it will be formed, but it is seen as very much the next piece of the jigsaw puzzle when it comes to moving forward in this crisis. the markets are nervous, though. we are down in the european session and we have been through most of the session as you can see here. in the early call on the u.s. open is quite week. in part that's the biggest story. italy, which is into the market for $2.2 trillion in debt set for a very crucial vote tomorrow, and they'll be nervousness going into that vote as to whether the berlusconi government can survive. back to you. >> amazing, jeff, we hop from one country to the next every week. this week it's italy. geoff cutmore life in london. >>> profits for american firms are reaching record highs not sen since 2008. wall street firms earned more in the first 2 1/2 years of the obama presidency than in all eight years of the bush presidency. over $8

looming large over the meeting is the surprise move by the greek prime minister, george popandreou, to allow greek voters to decide to accept a bailout plan to prevent the company from defaulting on its debt. the summit brings together the leaders of the world's largest industrial nations. two are expected to brief reporters near the bottom of this hour, 5:30 eastern time. we'll bring you those remarks live when they happen. >>> the leaders of france and germany are mincing no words when it comes to the greek prime minister. in a meeting yesterday they bluntly warned that greece might get kicked out of the eurozone if greek voters reject the european bailout plan. prime minister pom dre' oh, however, says he's confident voters will support the bailout plan. before the referendum, expect it to be early next month, popandreou must first survive a vote of no confidence in parliament. that happens tomorrow. let's head to atlanta and check in with reynolds wolf. good morning, reynolds. >> good morning. let's talk of the possible delays you'll have. unfortunately, yes, there will be quite a

embattled prime minister george popandreou agreed to form an interim government to endorse the debt dealpandreou will not lead the interim government. >>> wall street will continue to watch europe this week, italy to be exact, with italy teetering on the brink of default. thousands protested to oust leader sylvia berlusconi. it could take down the county's entire financial system. >>> back at home, thanks to healthy economic data and strong corporate earnings, investors feel on more solid ground. that includes jobs friday's october numbers were weaker than expected. employers added 102,000 more jobs than estimated for august and september. that cut unemployment to 9% after three straight months stuck at 9.1. earnings will week will include macy's, gm and sysco. thursday media giants walt disney and viacom. >>> groupon closed 31% above the opening ipo price. many say this ipo could influence other companies including facebook to pursue their own ipos. >>> talk about a major oops. a cleaner at a german art museum who thought she was removing a stain, permanently damaged an abstract piece o

. >>> there is more instability today in greece where prime minister george popandreou is under pressurey popandreou made a shock announcement that he would put the hard won bailout package to a referendum. sources say the bailout referendum has now apparently been scrapped. >>> the death toll has risen to at least 29 from the recent listeria outbreak linked to canned lopes. at least 139 people in 29 states have been sickened in one of the deadliest food born illness outbreaks ever in the u.s. >>> today closing arguments begin in the involuntary manslaughter trial of michael jackson's doctor, conrad murray. if convicted, he faces up to four years behind bars and the loss of his medical license. >>> a california judge on wednesday sentenced lindsay lohan to 30 days in jail for violating her parole. just how much time, if any, will she actually have to serve? nbc's george lewis is at the jail in lynn wood, california. george, good morning. >> reporter: natalie, lindsay lohan will not have to do any serious time here in jail. why? because state prisons in california are overcrowded and they