cnbc's yousef gamal el din is live in cairo for us again. yousef, over to you. >> reporter: well, sue, tensions are very, very high. remember this morning we already had violence. at least three people have died in that violence in clashes between pro-morsi supporters and what we believe were military officers. now, if you can see here, this is the 6th of october bridge and a large contingent, more than 1,000, probably several thousand of pro-morsi supporters. you can hear them in the background chanting morsi, morsi, morsi, and they have become closer to tahrir square, and that is why there is a lot of concern here that this could flare up very, very quickly. now, we're talking about less than a mild between the two, and the military has been trying to cordon off and keep them apart throughout the day. military gunships, apaches hovering over the city, those have increased in the last half hour or so. they continue to call on former president mohamed morsi to be reinstated, and we said that this is a source of risk, a source of anxiety and s

ambassador to egypt, but first we go live to cairo and yousef gamal el din >> reporter: at mott fear is very, very tense here as the sun sets. protesters are preparing from across the country, and can you hear the honking and cheers behind me. it's still early on, but the key thing to pint out here, sue, it's not just protesters opposing the incumbent president mohamed morsi. you're also seeing competing rallies from those supporting the president. the fear is that the clashes and the violence will escalate in hours to come, especially given the political paralysis that the country finds itself in because no progress has been made on the political scene. you've seen the outpour over the last 48 hours, usually late at night. you see the numbers in the hundreds of thousands, millions across the country. now, the military deadline ends wednesday afternoon, an after that they put in place a road map. it's not clear what role the army will play after that. they insist they are not interested in governing the country, but given the situation we find ourselves in with the opposition divided

nbc's yousef gamal el-din joins us now from cairo. yousef, we're hearing the muslim brotherhood is calling for protest today. >> reporter: absolutely, veronica. to update you on the situation, army planes, seven of them flying at low altitude with colored smoke like the egyptian flag on their tail. again, that is a sign of the army flexing its muscle ahead of a day expected to be quite tense. you mentioned the muslim brotherhood calling friday the day of rejection expected to take place in several locations across egypt. again, trying to fight what they call a full military coup. now, the military is on high alert and they made it clear that they would like all parties to come together to the table to take part in the transition possess. they are stationed still in different parts of the city, and they also said that they welcome peaceful protests, but if anybody makes excessive use of that right, it would have negative implications. also, of course, the ongoing crackdown, what appears to be a crackdown on the muslim brotherhood is som

nbc's yousef gamal el-din is on the ground in cairo. what's the latest there? >> reporter: supporters of the muslim brotherhood are planning a friday of rejection here today and across the country as they fight what they call a full military coup. the muslim brotherhood remaining defiant and saying they will do everything to change the situation. around the military, for its part is not taking any chances. military aircraft flying at low altitude. a sign of strength. and also deployed across the capital to ensure that violence doesn't break out between competing rallies. they also engaged in what appears to be a crackdown on the muslim brotherhood, pulling the plug on three television networks and arresting a senior member of the muslim brotherhood. and all of this is happening just about 24 hours after a new acting president monsour was swarn in to oversee the transition. several names floating around for a prime minister. >>> there are conflicting reports about the health of nelson mandela. they say he is in stable but critical condition but the associated sp

we want to get to yousef gamal el din in the middle of all the action in kay row. l, maria, tensions are still very, very high close to tahrir square. one development that has happened ask that we've had several of these helicopter gunships hovering over the vicinity. at least two that i've seen and one just passed by again. you can probably hear it faintly in the background again. also in addition, several confirmed eyewitness accounts that there are troop movements, not large troop movements, but in any case armored vehicles and tanks. not clear where they are going or for what reason. it could be at this point additional security in case there are any clashes between protesters supporting the incumbent president and the muslim brotherhood and those opposing him. of course, they are in his heightened state of alert to begin with. the suez canal has also taken additional security measures and the situation on edge at this point. everybody is still waiting as some of the festivities are going on in tahrir square. that's part of the story and tensions so high. violen

let's get to yousef gamal el- n el-din. this would be a temporary measure, i gather. >> reporter: absolutely. the euphoria continues this morning in the early hours of this morning in egypt. the best way to describe how the last 12 hours played out is the response of a host nation to winning a world cup, ground trembling, people roaring in celebration, an incredible atmosphere. and to witness that, also thisp, a lot of jubilation saying welcome back, egypt, and saying dismissal of the president on the order of the people. that gives you an idea of the sense on the ground here. you mentioned, of course, the ouster of former president, now former president mohamed morsi, the military and the statement making it clear it tried to reach out and tried to work out a power sharing agreement and that's the former president rejected that and forced the military to take action in terms of that road map. what is also notable is this time around they brought in people from across this political sphere, from the islamist parties, from t

cnbc's yousef gamal el din live in cairo now with the latest this evening. > reporter: hey, sue. well, finally there's some progress when it comes to the cabinet. you mentioned a new prime minister, a veteran economics professor, 76 years old and formerly minister of finance, and he will be overseeing the transitional period until new elections take place. also a vice president, mohamed elbaradei, formerly with the iaea and a noble peace laureate. these two figures are the first announcement and expected to push this forward. still no other cabinet announcements. also have some details on this road map. apparently they want to wrap this up in about six to seven months, and they will first appoint committee to work on the constitution and then you have your parliamentary elections and then eventually presidential elections so they want to make this swiftly. now, you're seeing some images of the crowd. these are the pro-morsi protesters gathering in their square in new cairo. they are clamoring to the legitimacy of ousted president mohamed morsi. they want to s

joining us with the latest in cairo, yousef gamal el-din. the situation is changing all the time.onstrators are rallying again and called for demonstrations nationwide to try to convince the army to bring back their president mohamed morsi after he was ousted a few days ago. they say he is the legitimate leader of the country. they called for an uprising and they have made it clear that they will use the army as necessary, some of their followers of the muslim brotherhood to headache thbrot r brotherhood to make that happen. questions about the progress, the transitional government is making under interim president mansour. he has not announced a cabinet yet. there are several delays that occurred. and a lot of that has to do with the fact that the islamist party has pulled out. that's taken legitimacy out of the transitional government. some names floating around for prime minister, mohamed al elbaradei. it is a very fluid situation on the ground. the united states is watching very closely. white house spokesperson did make it clear, however, that they are going to review the sit

an update on the situation now from yousef gamal el-din. he joins us now from cairo. and as i now know, it is afternoon. i found out from yousef yesterday. good afternoon. >> reporter: yeah, we just passed into the afternoon. good to see you, joe. as always, it might seem quiet behind me. what a night and perhaps we can show some of those images yesterday, millions across the country hitting the streets. a lot of them celebrating this army statement that came out late afternoon around 3:00 or 4:00 p.m., basically finally the military taking a stance. we talked about this, though, yesterday, they're looking at the situation and saying we're seeing a divided country. you have 48 hours to figure it out. if you don't, we'll put forward a road map. there is a few drawbacks with this. number one, didn't clarify what that means. all they said is they would bring everybody together, and install this road map, just oversee it. they did not say that they will be involved in any formal governance as they were in the tran significa transition period. that's number one. it took nin

yousef gamal el-din joins us live from cairo with more on this story. >> it is still not quite clearat the republican guard headquarters, conflicting stories and conflicting evidence as well because both videos, the ones that were presented by the pro morsi supporters and the videos outlined by the army show snipers and shooters from rooftops. not clear who the people belong to or what group they are part of. so still a lot of mystery surrounding this shocking and very disturbing incident that killed 51 people. also, of course, added fuel to the fire when it comes to the political impasse because the only islamist representation in the political transition, the islamist nor party has withdrawn in objection to the violence that happened on the streets. that is delaying the cabinet announcement. we have a decree from the new transitional government. they're now saying that they are hoping the spirit will take less than six months, going through parliamentary elections, presidential elections. that is a bit of a stretch, analysts say. the market is trading to the upside and shows that i

yousef gamal el-din joins us. can you tell us what the situation looks like right now? >> reporter: becky, tensions are still very, very high in cairo and across the country. you mentioned the violence, really the most intense it's been since the ousting of former president mohamed morsi. and also, there is a possibility for further escalation because you're seeing supporters of the former president out on the streets. they are trying to hold morallies and calling for a million-man march on tuesday. and on the other hand, you have the government and the military clearly losing its patience, saying that they will no longer tolerate the kind of sit-ins as they have in the past, and saying that they will try to break them up. so the political impasse is widening, interestingly enough, eu foreign policy chief katherine ashton in the country to try to mediate between the different parties and said that the muslim brotherhood would need to be part of the road map of the future of this country. and also some concern that has been voiced is the possible return of some of the cr

yousef gamal el-din in cairo. my twin. >> your doppelganger. >> my better looking half is there. it is a serious segment and now -- >> i just don't see it. we do look alike a little bit. to the story here in egypt, it is, of course, rapidly evolving story. and this morning we saw some military aircraft flying at low altitude. this was some muscle flexing, a show of strength out of the protests that are expected. muslim brotherhood is not giving up. they're defiant and putting up a fight. they're planning a rally in different parts of the capital to fight what they're calling a full military coup. the military is on high alert as we have seen this morning. taking no chances and they are also engaging what appears to be a crackdown on the muslim brotherhood. a senior figure from the party has been arrested. and several others have arrest warrants issued against him. also, the plug has been pulled on three of their networks, keeping a very close eye on this group. and the air here is very tense because you not just have the muslim brotherhood rallies, you also have rallies that are

yousef gamal el-din is on the ground and has an update for us.ood morning. >> reporter: good morning, andrew. a very tense last few hours and the countdown is ongoing. we have less than five hours to go until the army imposed deadline for politicians to figure it out. we had a speech late last night by the incumbent president mohamed morsi and it was a defiant speech, effectively rejecting calls by the army and from his point of view and from his view basically asking the army to withdraw that statement. that, of course, raises the stakes because when you reject the invitation by the army that puts you on collision course that is the key source of anxiety. the military remains on high alert and tensions have been high. clashes have killed at least 20 people in the vicinity of cairo and across egypt. that shows you there is a lot at stake here. if this doesn't work out and the deadline does expire, a power map will be implemented. we don't really know what that road map will look like. the details are still vague. possibly suspending the constitut

yousef gamal el-din in cairo. most investors are not phased because the market is up more than 4%.ed waward frome grimaldi firm. is this vis-a-vis reflect iing e market? >> well, it is dominated by a few large company, and it is not a proxy that i would use, and turkey is a better proxy. emerging markets are skaucaught the political vice, lurking instability, and also the backup of interest rates is causing the capital outflow in the economies. >> right. anything about egypt or the merging markets attractive to you? >> not right now. they are setting up to be an incredible trade going forward and massively underperforming one of the s&ps by a wide marge to make them a great mean reversion trade, but the problem is a lot of selling and liquidation going on and the selling begets more selling. we are not there yet, but it is coming. >> interesting. what are you waiting to see? something from the flow standpoint or some line that we cross or something more geopolitical and the resolution of the military and more si or something like that? >> well, the stocks look ahead, and of course,

. >>> the egyptian army is expected to make an announcement any minute in cairo, and yousef gamal el-din the last two or three days of protest. it gains momentum toward midnight, and we have news coming out of the state television. they are saying that the armed forces who were the ones who initially put the 48-hour dead line are meeting with the leaders from the political scene and the religious scene and national leaders as well. that is coming out of state television that the meetings are going on now, and we did expect some last minute political maneuvering and as far as we understand the current cabinet and the muslim brotherhood are not part of this process, and they added that a statement will be issued at the conclusion of that meeting which may not be exactly when the deadline expires, but we do expect something to come out shortly thereafter. in any case the people are waiting for the announcement. also, we have a tweet from the british prime ster wminister wh that the level of violence is appalling. and that we should look at governing by consent. the tensions are very, very h