investigation began into alleged sex crimes. in announcing the resignation of the ceo, he quoted a message from a mother who wrote saying, i m saddened by the prospect of people losing faith in this amaze organization. what you have done second mile has said it s begun it s own international investigation and has hired outside attorneys and that includes lynn abraham, a long-time district attorney in philadelphia. suzanne, we haven t heard directly from anyone at second mile. we have seen paper statements over the last week, but there s increasing pressure on this group to come out and address these allegations of what happened. again, they re not charged with anything, but this is the group where these alleged victims came from. do we suppose that this is just the beginning, mary? there s going to be a domino effect or the head of the organization is the only one to fall? reporter: it s really very difficult to say, because like with so many things in this story, the
shepard: the market has been up 1 percent not long ago and still doing well. gerri: people think the fed will step in and help. how, i have no idea. there is nothing left to do but, hope springs eternal in the mines of wall street executives, and also, we have indications that greece could get more bailout help, and it seems each day that is what the market is trading on. shepard: greece is on the edge and moving markets around the world. i may have read that on www.foxbusiness.com and you can catch gerri at 5:00 eastern and 4:00 central on fox business news. if you are planning to fly later this year, get ready for unprecedented fees from the airline. a usa today number report today shows continental and united are charging $400 for each bag that weighs between $71 and $100 pounds. for travel outside the united
of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being creamed by what is happening at the moment, by far and away being breutally attacked. and the german industry has made much from the exports and those promised to be hit by the u.s. slowdown and elsewhere in the world. putting it altogether for you, and as we look at the weekend, i cannot agree more with alison, and basically what we are seeing this afternoon is market exhaustion. people have literally just have been gasping there way. there will betrayeding because of triple witching. but by and larg
manufacturing report. this downgrade is what the traders are going to be trading on. it will be front and center. you can expect reaction. it has been a rocky ride for a long time. a lot of people will see this as a buying opportunity if they have taken cash out and sitting on the sidelines, isn t that possible? 100% possible. since january two trillion dollars have been taken out of stocks. now people are sitting with this cash, stuffed under the mattress. there are stocks that you can buy now on sale. wall street is a bargain. go shopping. think of stocks that treat you well in the long run like consumer staples, you brush your teeth every morning, procter & gamble might be a good stock. utilities pay out dividends, health care these sectors might do okay. and of course gold. that seems a little out of