Detailed text transcripts for TV channel - CNN - 20110321:15:27:00 : vimarsana.com

Detailed text transcripts for TV channel - CNN - 20110321:15:27:00

tons of water have been sprayed on the reactors trying to cool them down. we are seeing big numbers on wall street. allison in new york tells us what is happening behind the big rally. what do we make of this? >> it's not just on wall street. it's around the world as well. europe's insex up. a couple things going on. we have deal making. at&t announced they are buying t-mobile. this is a huge deal worth $39 billion. for the market, mergers are a good boost to the market. there's confidence in the economic recovery. despite the headlines coming out of japan, investors are feeling better about the nuclear situation. there are two reports out showing that in the near term, japan's economy is expected to take a hit. in the long run, the expectation is that a rebuilding boom is

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