Draghi escalates the war on cash: Goodbye 500-euro note

Stocks (^DJI^GSPC^IXIC^RUT) are bouncing a bit at midday after a nasty two-day slide, with energy (XLE) leading the way up and telecom (IYZ) in the red. Stephen Guilfoyle, managing director of floor operations for Deep Value Execution Services, comes to us live from the New York Stock Exchange to discuss today's market moves.

Alexis Christoforous is joined by Yahoo Finance's Melody Hahm and Thomson Reuters correspondent Bobbi Rebell, author of "How to be a Financial Grownup," to discuss the other stories we're keeping an eye on today.