her body to the human limit. at sunset august 7th, diana makes her way to the water. and then it s showtime. [ cheers and applause ] 7:46 p.m. she entered the water. diana starts swimming, leaving cuba behind. she expects to have 60 grueling hours of swimming ahead. sunrise august 8th. diana nyad has been swimming for nearly 12 hours. we re holding our own now so we re happy. david marchand is charting the best course he can but conditions are not what he d hoped. well, it s flat calm for a sailor, but for a swimmer it s rough.
at least for the moment. stocks bounced back in early trading today, after monday s 634-point plunge. right now, dow blue chips are up by 201 points. investors are psyched over today s fed meeting, and there s speculation it might announce a new stimulus. to boost the economy. president obama sits down with treasury secretary timothy geithner. that s happening this afternoon. they re going to size out the new market turmoil that is fearing that is fully feeding fear of double-dip recession. the president is promising to help a special congressional commission find a long-term fix for the finances. i intend to present my own recommendations over the coming weeks, on how we should proceed. and that committee will have this administration s full cooperation. and i assure you, we will stay on it until we get the job done. so, congress has to appoint the commission by next tuesday. that is just a week from today. the six democrats, and six republicans will have until novem
a meaningful handle on the deficits and the debt. now comes of course the federal reserve. we have ben bernanke here, which has used every tool in its box to keep credit flowing and interest rates low in the wake of the great recession. at 2:15 eastern, a little over an hour from now, the fed will tell us what if anything it plans to do in the wake of the downgrade, the debt snafu, the european debt snafu and the global stock freak-outs. in the meantime, i want to bring in richard quest, just outside the new york stock exchange, and christine romans in our new york studios. i would like to start with you. we just mentioned that the fed is going to speak here or at least issue a statement at about 2:15 today. what if anything can the fed do to help the situation that we re in right now? that s what we all want to know. the fed has kept interest rates at basically 0% since december 2008. the fed twice has embarked on big huge stimulus measures, buying back bonds, buying asset
cooling ponds? not enough water? yeah, it s either not enough water or there s a problem with the pumps. what happened when we first started this however many days ago, they weren t able to pump reactor number one because the electrical generation went down. in this case it may be the pumps themselves are suffering mechanical difficulties, and therefore are not generating enough water. or pumping enough water. or it may be a water supply problem. one is transparency. we don t know why they re happening. the second is the fact that we re down to 50 workers. there s some human limit here to what 50 people can do. when you re tired, you work all this time, you re in suits. for all we know,that can contribute to this problem as well. and you got to wonder how