on market wrap on a difficult day for the stocks. indeed it has been. thank you very much. uncertainty in europe is indeed affecting the direction of stocks. we have been all over the board. well off of the bores. the standard and poor s is down and the nasdaq down about 20. investors are eying a super committee deadline that cuts more than a trillion and despite doubt that is the panel will reach consensus, 150 members said they will stand on the steps tomorrow in a show of solidarity. we are first in business worldwide. td ameritrade mobiltrader. i can enter trades on the run. even futures and 4x. complex options, done.
issue many people thought would settle. i m wolf blitzer. you re in the the situation room. president obama is going around congress for his latest plan. he is out west focusing in on the ongoing housing crisis that continues to drag down the u.s. economy. he wants it make it easier for a homeowners who are under water to refinance and he is unveiling his plan in one of hardest hit housing markets in the country. we are talking about las vegas nevada. jessica is joining us now with details. jessica, what is the president doing? he is rolling out a new plan to help homeowners drowning in massive mortgage payments who can t take advantage of the historically low interest rates because the value of their home has plummeted. that s the policy but there s politics here too. nevada, a must-win for the president in 2012. statewide home values have fallen 53% since the height of the crisis, 59% in las vegas. so that s where the president is unveiling his latest housing plan. so
that s what the author of moneyball and the blind side, michael lewis, will give his insights on. finally, solutions, what will fix the problems that ail us? i ll talk to tom friedman of the new york times about his new book. also, want to see the hottest new thing on the globe? take a trip to mumbai or shanghai. i ll explain. and of course a few thoughts on steve jobs. first, here s my take. barack obama busy apparently committed blasphemy. in an interview in florida last week, he dared to say that america had gotten soft. the denunciations came in fast and furious. the american people are plenty tough. what we ve got is a soft president. it s not that we ve become soft. it s that he s on our shoulders, and he s too heavy. if you watch the clip, here s what the president actually said. the way i think about it is, you know, this is a great, great country that had gotten a little soft, and we didn t have the same competitive edge that we needed over the l
breaking point. where are we weak incentive that s what the author of money ball and the blind side, michael lewis, will give his insights on. finally, solutions, what will fix the problems that ail us? i ll talk to tom freedman of the new york times about his book. also, want to see the hottest new thing on the globe? take a trip to mumbai or shanghai. i ll explain. and of course a few thought on steve jobs. first, here s my take. barack obama busy apparently committed blasphemy. in an interview in florida last week, he dared to say that america had gotten soft. the denunciations came in fast and furious. the american people are pl plenty tough. what we ve got is a soft public. it s not that we ve become soft. it s that he s on our shoulders, and he s too heavy. if you watch the clip, here s what the president actually said. the way i think about it is, you know, this is a great, great country that had gotten a little soft, and we didn t have the same compe
the house is now on vacation and some members are expected back thursday to approve the measure. home prices meantime, were up in july for the fourth straight monh. the standard and poor s index showed prices rose in 17 of 20 major cities surveyed. stocks were up again today. the dow added 147. the s&p 500 gained 12 1/2. the nasdaq finished ahead 30. greece s financial minister says the country will receive its next installment of bailout money in time to avoid default. that s around 11 billion dollars. but the austerity measures, greece has undertaken to qualify for that money prompted more protests today by workers in the finance ministry. back in this country, many people blame president obama s health care law for some of of our economic troubles. an and those those people have one more reason to dislike the plan. correspondent shannon bream explains. as the legal battle over the president s health care law continues, the administration also has a new public relations battle on i