MYB: Markets jittery with news Cyprus bailout is in jeopardy

Christine Romans is minding your business with the latest on U.S. stock futures and world markets. For Wall Street, it’s all about conditions in Europe this week. Stock futures are up right now, but the possible bailout for the tiny island nation of Cyprus has raised concerns in the market. “The Dow was whipsawed yesterday in this country because we're watching what happens there,” Romans reports.

“If Cyprus doesn't get a bailout, it could go bankrupt, exit the Euro-zone and lead to financial instability at exactly the wrong time for the world economy.” A big part of the $13 billion plan, a major bank fee, was rejected last night after protests in Cyprus. “And now a bailout of the country is in jeopardy.”