MYB: Cyprus banks open with strict limits

For the first time in nearly two weeks,  banks in Cyprus will open for business Thursday, but there are strict limits on what residents can do with their cash. Christine Romans is minding your business with the effects of the situation in Cyprus on U.S. stock futures and world markets.

Data shows that the U.S. economy is recovering. "The U.S. is going in the right direction. Cyprus tells us and reminds us that Europe is going in the wrong direction," Romans says. That can hold back investors and stock. "Cyprus is a reminder to be cautious."