Futures sharply lower; live CNBC coverage tonight at 8pm ET

cnbc.com ^ | July 5, 2015 | Everett Rosenfeld & Ben Berkowitz

[SevenofNine]

I am currently watching CNBC world news on Verzion FIOS channel 106

Going be very interesting Monday morning

[Snickering Hound]

[al baby]

I got my single stocks out of the market I fear this is the trigger that will be the big one I also fear the one doing bad bad things

[NormsRevenge]

As a member of the uncounted worker bee class.. I dread what may come..

GOd have mercy. :-) I leave it at that.

[MeneMeneTekelUpharsin]

Yeah, saw that. When debt is not going to be paid, things REALLY go down, don’t they. Hmmmmmm......

[SevenofNine]

Going be bloodbath I think so

Richard Quest had dude on this might beginning of Eurozone just collapse

Of course I try understand Richard on CNN internatnial he was so hyper LOL!

[Greetings_Puny_Humans]

I read that we have very little exposure to Greece, and even the Eurowheenies should survive it. The Greeks should be cannibalizing each other by next week though.

[umgud]

They cannot bail them out without concessions. Italy, Spain, Portugal next.

[John W]

I’m betting the other way that this isn’t enough yet to trigger the long awaited big one.

[NormsRevenge]

Whew. we been waiting to stick some money in the market but haven’t seen a bigenuf drop yet to jump in on..

If not gReece slicked.. THE EU has sure gavel.. should be interesting.. we’ve been thru worse. )

[PAR35]

Dow premarket showing down 223 (1.26%), NASDAQ down 62.25 (1.41%) and S&P down 27.75 (1.34%). Compared to the last few weeks of the Chinese markets, not much to see.

[Rockitz]

Time for the rest of the EU to cut their losses. Greece is hopeless.

[struggle]

Shanghai down 6%
NIKKEI opens in 30 min.

Seems like it’ll be a 3% drop in the markets. Should recover 1% afterwards.

[EternalHope]

This could be “it”, but maybe not.

One thing is certain: This is a crisis, and a gigantic test of whatever remaining power the central banks of the world have left.

It will take a while for the domino effect to kick in, and they will use every trick in the book to keep that from happening. However, if more dominoes start to fall I doubt even the supposedly all powerful central banks will be able to control it.

[Neidermeyer]

Gold +$7 ,,, debt is the key ... it far outweighs equities.. the euroweenies will cave to avoid a crash... but the smart money knows how the story ends..

[dsrtsage]

ΓΙΒΣΜΕΔΑΤΣ

[SevenofNine]

This is going be EU Version of My BIG FAT Greek Debt like aka My BIG Fat Greek Wedding

[Sirius Lee]

What's old is new again. They'll be using 100 billion drachma notes for fish wrap.

[cripplecreek]

Think I’ll go check on my garden.