european picture. that doesn t mean that we could have a greek surprise or a spanish surprise come october and the markets could go crazy and that could total change the outcome of the election. well, obviously. and of course we re referring to the front page of the wall street journal this morning that talks about how the european debt plan is faltering right now. the rescue plan is faltering. banks in trouble. countries are close to exhausting money injected to ease the crisis. i guess the bigger question is, and george sorros predicted this earlier in the week, the bigger question is whether the eu will hold together or blow apart because of this crisis. what do you think? i think the long-term prognosis for the eurozone is still shaky. will greece still be a member of the eurozone? you can find a ton of people who think that s not going to happen. all i m saying is that amidst headlines like that in the wall street journal we re actually having bond sales like the one we re
there because people see the flashes that go. they re trying to blow a hole in the hull so rescuers can start getting in there is going to make the search and rescue team have better access and make it easier for them to get out. still looking for 29 people who remain unaccounted for if death toll right now is standing at six. there are also stunning new images coming in from under the water today. i want to share that with you. rescuers have to swim through debris in the hull ways. first flat block box has been picked up already and apparently picking up minute by minute betails. since they now located the second black box and divers are trying to retrieve that black box as well. this morning seeing the transcripts of the recorded conversation between the port authority and the captain of the ship. the first time it comes to us from the italian newspaper and the port authority says this. how many people are on board? the captain whose last name is schettino says, 2, 300. kee
here the european economic data last week really showed significant weakness. let s hone in on two particular economies that aren t growing and are facing big austerity measures at the moment, we re talking about italy and spain. these two countries have been at the forefront of investors worries when it comes to raising money on the bond markets. they have more bond sales this week. what are you expecting? i m expecting high yields, nina. they came out over the weekend and said they felt italy didn t require further austerity. investors remain to be convinced of this. we have seen these ltros by the ecb. we have a meeting this week. i think more than that, bond yields about 7% in italy are significantly unsustainable. as you quite rightly said on friday, there is a bond auction for both italian and spanish debt. i think what this summit really needs to focus on is trying to get those bond yields down by promoting growth policies within europe. one of the other ways that
man has been sentenced to death. the country s court has found him guilty of working for an enemy country, meaning the united states, and spying for the cia. ven ne swale len president chaff vez mahmoud ahmadinejad is going to cuba, ecuador and nicaragua. he s hoping to shore shore up support. an american pop star surprised her fans when she announced her pregnancy to the world during the mtv video awards back in august. beyonce and her husband, jay-z, welcomed their baby girl into the world in new york on saturday. her name is blue ivy carter. the official announcement has not been made yet, but their industry friends tweeted their friends. those are the top stories from cnn. world business today starts now. welcome to new week of world business today. i m nina dell santos. i m andrew. in hong kong the top stories this monday, january the 9th. zbroo europe takes center stage on the markets as we have another big week for the struggling currency. new zealand t
since google. shares initially priced at $45 a share and doubled on the first day of trading. poppy has a look at what s something up next week. hi, poppy. thanks a lot. chrysler may take a big step next week towards paying off the $7 billion bailout it received in 2009. the automaker is lining up bank loans and bond sales to raise cash and that would allow the italian automaker fiat to boost its stake in chrysler to more than 50% this year. also coming up next week, barns and nobles set to launch an ereader. amazon s kindle dominates the market but barnes & noble s nook is picking up speed and should be a fun race to watch. back to you. all right. thanks so much. ladies. get your financial fix every day on cnn mauney.com. a look at our top stories, president barack obama insists the controversy surrounding his comments on middle east peace negotiations is not warranted.