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Massive Crowds Await Egyptian Army Statement

11:02 AM ET Wed, 3 July 2013

Egyptian President Morsi has vowed to stay in office despite the military's ultimatum, with CNBC's Yousef Gamal el-Din. Financial Times North Africa Correspondent Borzou Daragahi says Egypt is "at an utter standstill," and "there is no possible way for Morsi to remain in power."