Page 8 - Down Day News Today

phone hacking scandal that doomed a best-selling tabloid and rocked the very pillars of society. today, the parliamentary committee that grilled rupert murdoch and his son james last month released letters suggesting that illegal snooping, hacking, eavesdropping, were a lot more common at the now defunct "news of the world" than the murdochs led on. one such letter is from a reporter named clive goodman who was sacked and jailed for hacking the cell phones of the royal family. he write...

kind of a day will it be? another wild ride? well, some wont mind if its wild in the right direction. though, we have seen a historic week of volatility. also huge changes at the u.s. postal service. administrators there are asking congressional approval to lay off 120,000 people. you heard me right. also across in great britain and all across great britain now the riots die down a little bit now and maybe life getting back to normal in london. nearly 2,000 people have been arreste...

im mitt romney. i believe in america. and im running for president. >> romney made his big announcement on a sunny farm but his speech was heavy on the gloom and doom, a long series of attacks on president obama whom romney repeatedly accused of thinking like a european. were joined now by long time new hampshire conservative activist lafontaine and romney media adviser russ reefer. im going to start with you. you are one of his top campaign strategists. i was interested in the tone of...

Andrew. here in asia, nina, a down day. its been a trending down week this week. we had a bit of a relapse -- respite, i should say, but certainly not convincing. there you see the markets generally hitting lower. the nikkei down by half of one per sechblt hang seng down. its had a bad week, shanghai. the story of stagflation, its a story weve been talking about. the uk economy now also is being directed to china. thats, of course, where you get lower economic growth and higher. stagflation is...

storm. our meteorologist jen delgado joins us from the cnn weather center. jen, how is it looking now? >> we still have watches and warnings across parts of the midwest. of course, we talked about the stormed that happened earlier in the week but according to the national weather service it looks like based on doppler imagery we look like a possible tornado touched down in arkansas. anywhere were seeing in red we still have a tornado watch in effect. thats for parts of arkansas and mis...

Lets go to felicia taylor with the latest on the down day. is the standard & poors long-term outlook what did it? >> absolutely, brooke. theyve lowered the rating from negative to stable because of our credit problems. investors like that and will stay there for the time being but the s&p is looking down the road. its worried that congress isnt going to be able to fix the budget before 2013. were talking two years from now. if the outlook doesnt improve, thats going to hurt the government credit...

Still, very controversial figure. and i think that people will probably come to their conclusions about him and stick to whatever their opinion is to be frank, brooke. >> barbara starr at the pentagon. thank you. and today, markets if you have taken a look at the numbers, they are ugly. take a look. down all of the way around. we are coming up on the closing bell, and the dow is down and s&p is down, and we may be seeing the biggest one-day loss. lets go to the managing editor of cnn money, an...

Todays stock losses. >> as soon as the news started hitting the wires, the dollar dropped and kept sliding. even the positive news about the payout to farmers didnt have any reaction at all. it just kept slipping all through the afternoon. interest rates have actually moved to price some probability that the reserve bank may, in fact, cut rates over the coming days. and would push out any expectations of rate hikes well into this year. so quite a big reaction. the market was always going to be o...

Radio talk show host j.d. hayworth. kate, t.j.? >> a lot going on this week in politics. >> as always in d.c., you dont get a down day. >> a lot of news going on. >> we got a lot going on this morning as well, just a few minutes to the top of the hour, quick break and were right back. i cant wait to just sit by the pool and relax. yea. [loud music playing and yelling] with chase sapphire you always get an expert advisor immediately. man: chase sapphire, this is brian. hi, brian. were on vacation...

The arizona statute does nothing more to authorize local police to do what federal agents are supposed to do. kyron hormans biological mother begging her missing sons stepmom to cooperate with police. she was the last one to see him before he disappeared from school. >> you need to do what is right not for me, not for tony, not for cane and not even for kyron. you need to do it for kiara. because she needs to see that you did the right thing to help bring her brother home. >> were also learning ...