rural communities. reporter: the house budget careman, ryan, campaigning in iowa, demanded cuts in farm bill spending. must not be from iowa. reporter: battling hecklers at the iowa state fair, he couldn t respond to the president and didn t respond to the president time outing romney as a man who knows how to create jobs. this is a man who has real life experiences and knows if you have a small business, you did build that small business. reporter: romney appeared in florida where many seniors are closely watching the budget and medicare plan. romney hit back against the obama campaign that released this video, accusing the gop ticket of wanting to gut medicare. it s smear, it s dirt and it s distortion, disease and dishonesty. reporter: joe biden mocking romney s choice. what is about gutting medicare, medicaid, education? reporter: house republicans say they passed a farm bill two weeks ago and are waiting on the democratically kale- controlled senate
into s going to be a rough day pretty much in the financial markets after the dismal jobs report came out on friday. indicating markets are expected to open down as well here. a lot of volatility, uncertainty in the air in the markets around the world today already. this very early hour. alison kosik is in for christine romans today. we have a lot of things on the menu for why this is happening. one of the things that s dictating are the asian markets which are down quite a lot right now. we did see our futures recover just a bit. here is what i want to tell you about. remember the dow, 13,000? remember the big rallies we were talking snabt the dow erased all its gains for the year. you see the chart, the line going all the way down. that s where we are now. a lot of what we lost, interestingly enough was just within the past month. there s a lot weighing on the markets. investors are worried about a lot of things, a slowdown in europe and china, not to mention right here i
these thorny and complicated issues. i am pleased to welcome our pal, matthew anderson, managing director. richard parkus, from morgan stanley research. .nd jamie woodwell thank you for coming. your complete written statement will be entered into the record. we begin with mr. anders said. thank you for the opportunity to discuss commercial real estate and bank stability. i will discuss real estate values declines and the resulting mortgage maturities and some aspects of our outlook for the economy. i should add the views expressed today are my own and not necessarily that of my employer. an important feature is the dramatic decline of property values. commercial property values have fallen by approximately 42%. that is larger than the decline in the 1990 s when commercial real estate value fell by nearly 1/3. the rising volume has put pressure on the commercial real estate debt market and will continue to do so for the next several years. it has surpassed $300 billion in 20
where is missing utah mom susan powell? police searched the family home again. what her 4-year-old son told police to the mystery sbensz fis. soggy weather slams into south florida, but it may end up in your neck of the woods too. what you ll need to no weatherwise if you re traveling for the holidays. and a woman learns her husband was just killed in a car crash through a phone call, but police that s not who was on the other end, an organ donor group was. a gut-wrenching mix-up. let s get to the stories you want to know about. police suspect foul play in utah mom susan powell s disappearance and they say they re becoming more suspicious about her husband in spite of his alibi. at a news conference yesterday, police say her 4-year-old son confirmed the family did go camping. her husband claims that they went camping in freezing temperatures in the middle of the night on december 7th. that trip coincided with his wife s disappearance. police say verifying the informat