Page 4 - Policy Errors News Today

your financial security depends on your job and americans are looking to washington for answers. welcome to "your $$$$$." president obama saying this week that hell announce a new jobs initiative in september. john king is cnns chief national correspondent. americans need help now. the president apparently is going to offer something next month. whats the delay? >> next month because the president says he wants to talk to his economic advisers. theyre reaching out to ceos. the white ho...

that hell announce a new jobs initiative in september. john king is cnns chief national correspondent. americans need help now. the president apparently is going to offer something next month. >> next month because the president says he wants to talk to his economic advisers. theyre reaching out to ceos. the white house says this will not be a repackaging of things the president has put on the table. extending the payroll tax cut, which the administration says hope to create jobs, exte...

another recession. and adds new urgency to the political debate here in washington over new jobs initiatives. the dow jones industrial average was down just short of 420 points or 3.7%. the nasdaq down 5.2%. the s & p 500 down 4.5%. it is what drove the markets down that is again stoking recession fears. overseas more jitters as europe struggles to contain its debt crisis. here at home, data some see as evidence of a new downturn. weekly unemployment claims rose much more than expected...

down 9 1/2%. so what happens next? and is your money safe? these are the questions for legal ber and ali velshi. ill start with you with the usual entreaty. what is going on, ali? >> the french economy, actually no growth in the quarter. global economies are slowing down. were dangerously close to a recession. we may need more intervention from the european bank and more from the fed. youve been talking about this piers, that rick perry said we cant have more intervention. if the fed i...

with the usual. what is going on, ali? >> look, we started off the day this morning with a rough night in asia. european markets on news that, you know, the german economy, the strongest in europe has weakened to almost a stall, the french economy, absolutely no growth in the quarter. that took u.s. markets downright off the top. but before that, more than 12 hours ago, we got a report from morgan stanley to say what weve all been saying, global economies are slowing down, that they we...

with the usual. what is going on, ali? >> look, we started off the day this morning with a rough night in asia. european markets on news that, you know, the german economy, the strongest in europe has weakened to almost a stall, the french economy, absolutely no growth in the quarter. that took u.s. markets downright off the top. but before that, more than 12 hours ago, we got a report from morgan stanley to say what weve all been saying, global economies are slowing down, that they we...

here, that arrow just refuses to turn green. the s&p lost more than 4%. the nasdaq sank more than that to 5%. it sank 5%. so what has rattled the markets this time? its a combo platter of bad news, jobless claims are up, existing home sales are down. consumer prices are up and the plfrg industry has gotten weaker. no wonder a top economic adviser is flying to marthas vineyard next week to help president obama with his job proposal. then there was this report from morgan stanley, not ...

sales of existing homes dropped. and manufacturers had been expecting a modest increase. and inflation on consumer goods was up. add in collapsing consumer confidence and you get sober advice like this -- >> 2012 could be a very difficult year. im on the camp that we have more chance of being in recession than avoiding it. so, they should be conservative right now. their confidence should be down because theres every reason out there that they shouldnt feel confident. >> getting us sta...

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europes debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, ...

anderson. >> he was giggle. >> thats the first time i have ever seen him completely lose it. it was funny. >> a lot to talk about this morning. we have breaking news. a suicide truck bomber targeting the u.s. military base in afghanistan. it happened in the city of gardez a few hours ago. officials say the truck ripped through the main security gate. killed two afghan guards. nine others were hurt. and the taliban is taking credit for the attack. >> less than two weeks after downgradin...