steve massocca with wedbush equity management. thank you. >> another story that we're following this one is from the south bay, leaking gas pipes may be the cause of an explosion at a hole in cupertino. pg&e crews found seven leaks and the pipes and deliver gas to the homes in that area around the explosion just one day after being publicly chastised before a whitney of the figures that led to last year's standard of pipeline blast. craig skalar is in cupertino taking a woman at the damage from that home explosion. >> there, you can see the sweep of the damage. the damage started here at the brush area. you conceded there is no damage or fire to the adjacent homes. this is the gas box where the meter is located. there is an investigation going on. because of the track record, pg&e wants to be involved. this fire was contained, the explosion have an awful 30 on wednesday. it could've been worse, they say but fortunately this is all there was took. there were no injuries or fatalities but the damage was pretty expensive. >> state la

. >> steve massocca from wedbush securities is joining us today. refilling better? >> and the main driver this morning was a decision by the supreme court in germany holding out the ability of germany to participate in the vehicle that is being used to bail out of greece. there was someone in germany that filed a lawsuit trying to prohibit the german government from participating in the bailout of greece. the supreme court in germany through that out this morning. people are feeling that in fact the greek rescue package will happen. although that does not sound very important, it was needed to get the market going. >> he also was up 8% and now just a over 6 percent after firing their ceo. >> there are more problems than the ceo at yahoo. this is the same for the past eight $35 million bid for microsoft. i do not want to represent myself as an expert on yahoo but from what i have seen so far i am not particularly interested in the security. >> an even keel and a four day? >> there are more concerned about europe. this supreme court decision is a good thing but there

. >> joining us live is steve massocca from columbus securities.morning. >> good morning. >> positive news on wall street today. give us some insight. >> there have been several comments out of europe seeming to indicate that there is a willingness on the part of european officials to put together a more robust response to the debt issues and greased particularly, either through increasing the amount of stabilization funds or in fact coming up with a way of allowing greece to the vaultavoid default. people are encouraged by that. secondly, we have news that home prices fell less than people expected which is viewed positively. you have the aversion of a government shutdown over increased funding. there seems to be an agreement between the senate and the house. the accumulation of some good news. >> do you see this rally lasting for the rest of the week? i think we need something more of substance. europe is really everyone's focus. everyone is concerned about this great situation and the possibility of a new country defaulting on their debt and wha