spain, italy, portugal, ireland could all be next needing emergency shelter and support n an economic storm, what that means is more bailouts and cut backs with europe means spending less money. that mean s the world factory floor, asia, has fewer things to manufacture. china, an economy second in size only to that of the united states or of europe has slowed. india slowed, too. that means more than two billion people in the fastest growing nations in the world are buying less. this is one big storm. what is america doing about this storm? well, we ve got umbrellas. what we need are hurricane shelters. you can t go out and build an economic hurricane shelter yourself. that is something you need help with. government help. congress, for instance, could help stave off the effects of the storm. but they won t because that would mean being honest with you about things that are getting potentially worse and not better. and that kind of talk doesn t win elections. so congress stick
hits the streets of new york to talk and sing. what else? obama care good morning, everyone. i m randi kaye. it s 8:00 on the east coast. 5:00 a.m. out west. thanks for waking up with us. all eyes are on one of the most important u.s. allies in the middle east. that is egypt. more than a year ago egypt filled cairo s tahrir square and told hosni mubarak time to give up power. now they are saying the same thing to the military. but will the army listen? you re looking at live pictures from tahrir square. thousands of people have been there four days and nights. election results from last week s presidential runoff due thursday. now there s speculation they may come out tomorrow. two rivals each claiming victory. u.s. has a warning for americans. stay out of kenya s coastal city of mombasa. u.s. embassy nairobi says there s an eminent threat of terror attack in the destination. it is suspending all travel and ordering all u.s. personnel to get out. back in the u.s. floo
mix of energies. that s why we re supplying natural gas to generate cleaner electricity. that has around 50% fewer co2 emissions than coal. and it s also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. a minute, mom! let s broaden the world s energy mix. let s go. a verdict could come down in the jerry sandusky trial. sandusky s own adopted son, matt now claims his father molested him too. another man is going public with his accusations against sandusky. that s in addition to the ten alleged victims that sandusky is on trial for. my goodness. let s go to sunny hostin. she s on the case for us. sunny, this is unbelievable story. the jury inside that building has no idea what matt is claiming. they don t know what s going on with that part of the story. reporter: they don t. we heard about this after the jury already started deliberating. what s very interesting, and i think the question on everyone s minds is why d
good evening. i m erin burnett. out front tonight, a greek collapse. literally. the greek finance minister just hours before he was to be sworn into his new role, it s a crucial role, fainted. it was a depressing visual for a country that is trying with a brand-new government to keep its economy from entering a black hole. the greek leader s collapse kept him from going to the highly anticipated euro 2012 soccer match today. greece took a shellacking from germany. germany was favored to win. the bookies only gave greece 17-2 odds. so the outcome was predictable. sort of like the break-up of the eu. italian prime minister mario monty warned today of the apocalypse. saying there is only one week left to save the euro zone. that s after the leaders of germany, france, spain and italy met today, to once again say we re going to do whatever it takes to strengthen our monetary union. the problem is they talk a lot and they don t do much. they have not done that yet. no one expects
the party in south beach. guaranteed it is still going on this morning. he said it s the best day of his life. i wouldn t doubt it. hi, everybody, nice to have you with us this morning. welcome to early start. it s 5:00 a.m. in the east, good morning, everybody. it may be a good morning, it may not be such a good morning, depending how you look at things. the markets are down worldwide this morning after the ratings agency moody s downgraded 15 of the world s largest banks and guess who happens to be sitting in this morning. the woman who knows everything there is to know about this. can you boil this down and let us know what it means for us? it means that your stock investments got hit yesterday and the global economy is slowing and we re seeing the ramifications of that around the world. 15 of the biggest banks in the world, including five of the largest u.s. banks were downgraded by moody s. bank of america, citigroup, goldman sachs, jpmorgan stanley. and hsbc