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this hour two american hikers are now facing eight years in prison in iran. iranian state run television says josh fattal and shane bauer were sentenced today. the two have been locked up in iran since they were seized near the iraqi-kurdish border while hiking. a dramatic new security cam video of what happens on the streets of england and what happened during the riots in the uk. the footage showed masked, hooded troublemakers firing at unarmed officers. poli here in the u.s., th...

people can feel like they can have control over now, if you can get through to the bankers. >> were trying and its not cheap to refinance. >> thats right. >> you have to think about whether you want to do that. >> if rates go low enough, its good to check it out. >> its friday. >> yes. >> yeah. although the week started off well, the realization that a second recession may be drawing closer is hammering stocks this morning. actually futures. here in the united states, the dow dropped 4...

presidential election. >> the caucuses arent until its winter, until snow on the ground. >> at least its been entertaining. up first texas governor rick perry on the attack in new hampshire. hit the ground running and hitting president obama hard calling his handling of the economy a disaster. hes not backing down from his verbal assault in iowa this week on fed chairman ben bernanke. heres what governor perry said. >> if this guy prints more money, between now and the election, i do...

understand this financial crisis was the worst since the great depression, but ultimately they say, look, hes the president. we think he has good intentions, but were impatient and we want to see things move faster. i understand that. im sympathetic to it. well keep on putting forward ideas that will be good for the country. were going to need a partner from congress. on the other side of the political spectrum, listen to what governor rick perry said in iowa and hes not backing off....

biggest impact on the gop campaign for president may be felt a long way from there in south carolina. that is where texas governor rick perry is expected to announce he, too, is jumping in the race. also, dozens of people arrested in philadelphia. well tell you why they were all between the ages of 14 and 17. but here at the top of the hour, lets start with that breaking story out of pakistan. and i want to turn right to our reza sayah, who is live for us there in the capital of is...

their crack downon opposition protesters has been going on for nearly five months. the investors know the queasy feeling again as the markets turn down after a rally that was all too brief. the numbers in asia arent too impressive either making the european stock markets a lonely bright spot. of course, well bring you full coverage on "world business today." thats coming up next. two attacks occurred in pakistan on thursday. a police truck passed by killing five people, including f...

400-plus-point gain was a blip or perhaps a building block. well, sadly, we got a decisive answer today, the dow industrial average plunged 520 points, 4.6% amid jitters about europes debt crisis and growing resignation that the long-term prospects for growth here in the united states are bleak. alison kosik watched the massive selloff up close. >> john, we had yet another brutal session here on wall street today. you know, theres a lot of uncertainty about the economic outlook here in...

average plunged 520 points, 4.6% amid jitters about europes debt crisis and growing resignation that the long-term prospects for growth here in the united states are bleak. alison kosik watched the massive selloff up close. >> john, we had yet another brutal session here on wall street today. you know, theres a lot of uncertainty about the economic outlook here in the u.s. and in europe as well. you know, theres worries about france being downgraded like the u.s. debt was downgraded. t...

looks. all day long the dow headed south until it finally closed down an ugly 266 points. on wall street, 4:00 couldnt come fast enough. weve had eight straight days of losses, the first time that happened since the global financial meltdown? 2008. it is a scary picture, and were going to walk you through it all in just a moment. but first a look at the other stories were drilling down on tonight. its ramadan in syria. instead of peace, more bloodshed. graphic new images of bodies du...

trillion in cuts over ten years, raises the debt ceiling about about the same amount, sets up a bipartisan committee to find other ways to trim another trillion and change from the deficit. think of it as a deficit posse. it calls for both chamber of commerce eventually to pass a balanced budget amendment to the constitution. they dont actually have to pass it, they just have to vote on it. and the president and house speaker admit that the plan is not perfect, but hey, theres a deadli...