here s what we re watching for you. first the dow goes up, way up today. the syracuse basketball program under the microscope. and who is getting the wintry mix today. alison kosik, let s begin with you on the floor. there she is on the floor of the new york stock exchange. huge gains. huge gains for wall street after the fed s massive intervention in europe. and not just the fed. we re talking about five other central banks. everybody pretty much getting together, brooke, and agreeing to be kind of a safety net to keep the problems that are happening in europe from getting worse. so what these essential banks said were that, you know, they are going to make it cheaper and easier for banks to loan money and to borrow money with the idea that the banks would go out and extend credit lines to businesses and to consumers. it s essentially the goal of trying to get more money to start circulating in these world economies. as you can see, clearly with the dow up, the market lo
almost 3% of market s valleys. the standard & poor s index down more. nearly 4%. alison kosik live with the latest. what s driving this? reporter: we saw the sell-off pick up steam on wall street after a report a eurozone official said they have no plans to givotly a financial rescue package, financial assistance may not be in the cards for italy. the thinking, it will could be too big to bail out. the fact it s solvent but drowns in $2.5 trillion in debt. its economy more than twice as big as greece, portugal and ireland when you put them altogether. a bail xwout could cost clearly much more than it did for greece. the fear italy could default is playing out obviously in the equity market, in stocks and italy s bond markets. the ten-year yield spiked 7%. no one wants to touch italy s debt because it s a big question whether italy can even pay its bills. john? for someone watching here in the states you have a global domino effect going on. what will it take to stop the f
augusta, georgia, today as well. over macon now. all of the way backdown to southern alabama. there s montgomery. here s the gulf of mexico. gulf of mexico is allowing the humidity to be thick enough to get the storms to be big enough to get the rotation that we didn t have for the last couple of days. barking up the wrong tree saying potential for tornadoes all week. but didn t happen because all we got was hail. there wasn t enough humidity in the air. too early in the season. down here the season is all season. it s every day when you have the gulf of mexico being very warm. there is the circulation of the storm. north of enterprise, alabama, heading to ozark. there are other cells, ali, back out here to the west that are rotating as well that may travel either right near enterprise or to the south of enterprise. this is going to be a busy day. the key here, if you re in alabama, georgia, florida, see a storm to the west and headed your way, get inside. get the kids inside if don t
at the end of the month with republicans on health care. he thinks it s about openness and process, transparency, and bipartisanship. and that s why he is attempting all of this. in fact, the way that the white house trumpeted the meeting today is, again, he is showing he reaches across the aisle. i think he is mitting the missing the point. with unemployment at 10% and agenda whole year rejected agenda which americans in general think was beside the point, americans aren t troubled about process here. it s substance. i think he is if i can use another analogy, barking up the wrong tree. bret: very dog-oriented there. a.b., what about the republicans in this? a canine analysis. bret: the republicans in this, they point out, listen, it was democrats who were not able to get this through. we weren t biting, not to use charles analogy, but we weren t biting on what you were putting out there, but it s democrats who couldn t get this through
at the end of the month with republicans on health care. he thinks it s about openness and process, transparency, and bipartisanship. and that s why he is attempting all of this. in fact, the way that the white house trumpeted the meeting today is, again, he is showing he reaches across the aisle. i think he is mitting the missing the point. with unemployment at 10% and agenda whole year rejected agenda which americans in general think was beside the point, americans aren t troubled about process here. it s substance. i think he is if i can use another analogy, barking up the wrong tree. bret: very dog-oriented there. a.b., what about the republicans in this? a canine analysis. bret: the republicans in this, they point out, listen, it was democrats who were not able to get this through. we weren t biting, not to use charles analogy, but we weren t biting on what you were putting out there, but it s democrats