Europe News

U.S. markets are mixed on the day, after opening higher on the Greek agreement. Cisco shares lower, but up nearly 50 percent since last August. And Pepsico is down nearly 4 percent after it refers to 2012 as a "transition year." And Diamond Foods takes a major hit after announcing it's getting rid of two top executives over improper accounting.

Dr. Jörg Krämer, chief economist at Commerzbank, told CNBC, "the negotiations with private sector investors are still not concluded and so it would be stupid for Draghi to say anything. In the end I would expect the ECB to take a haircut..."

Tom Albanese, CEO of Rio Tinto, told CNBC, "we see the mining sector very strong long-term prospects and certainly that was evident by our underlying performance, record underlying earnings: 15.5 billion, record cash flows: 27 billion, these are strong numbers."

The Fast Money traders with the play on Cisco's earnings beat, and Brian Marshall, ISI Group analyst, discusses his "buy" rating on the tech giant, and the upside potential in the stock. Also, a look at the risk/reward profile of Juniper versus Cisco.

John Chambers, Cisco chairman & CEO, discusses how Cisco is navigating challenges in this tough environment including Europe's debt crisis and last year's flooding in Thailand: "We're a little more optimistic about Europe," he says.

A breakdown of the pharmaceutical giant's earnings, with John Eade, Argus Research.