Transcripts For CNNW American Morning 20110923 : vimarsana.c

CNNW American Morning September 23, 2011



it's not showing an extension of all of that terrible selling in the last couple of days. what's happening? >> for the moment, it's not, christine. the europe peern markets an mar minutes ago. the markets you said in your introduction showed asian markets losing quite a bit overnight. some of those markets hitting lows we hadn't seen, in fact, since last year or even the year before that. nikkei should point out end of the day up to the tune of about a quarter of 1%. the stock market, same here in europe. losses earlier on to today's session. firmly in the green for the moment. we'll, of course, have to see how the united states' market bets trading, sort of dictate the trend heading towards the end of the week, christine. one of the reasons everybody's so worried or perhaps elated, on a positive note, we had the 23 the g-20 meeting. economists saying there seems to be a growing debt between what economists and the market says it should be and what politicians can realisticy deliver. the negative news, imf downgraded earlier on in the week and the fed warned of downside risks to the u.s. economy. what we have to look forward to going into the weekend. >> worrying about the banking sector and how slowly the world economy is growing, and all of these thing, nothing to turn that around quite net. nina, thank you so much. ali abdullah saleh returned. he spent nearly three months in saudi arabia after being badly injured in an attack on his palace. his capital city gripped and fighting in shelling the past week that reportedly left dozens more dead over frustration that he won't step down. mohammed jamjoom has more from oman. good morning to you. >> reporter: good morning, alina, and we're seeing live pictures now on yemeni state television of tens of thousands of saleh supporters in central sanaa. reports that are tanks rolling through the streets and celebratory gunfire. members of different army factions shooting into the air celebrating the news of the arrival of president ali abdullah saleh and word from activists and politicians over there they are dismayed and extremely worried at what this means. many activists telling me they didn't think saleh would return. concerns he might try to install his son in power. yemen is a country, hundreds of thousands of yemenis throughout the country day after day pours out into the streets of various city, even when their lives have been in danger and they've come under fire from government forces and other army units. basically sending out the message they want that president gone. once he left the country to recuperate in saudi arabia after an assassination attempt, many thought he would not return. the news he returned today comes as a shock, to. even in government officials. especially the protesters saying it's a very tense situation. if i can remind viewers, in the past week even though there was a u.n. and gcc envoy in the capital to try to iron out a power transfer deal, dozens were killed in clashes that happened in several city. hundreds wounded. a chaotic scene in yemen and people say it's very tense and could get more tense as the day progresses. alina? >> mohammed jamjoom live with the update. mohammed, thank you. they were taking swipes at the president. going back and forth at each other and about going back and forth on the issues. another testy gop debate last night. jim acosta has the highlights. >> governor perry -- >> it may have felt like that to rick perry, but to the texas governor, almost a game of one against eight. >> an argument i just can't follow. >> reporter: on the perry-backed texas law that offers in-state tuition 20 the children of illegal immigrants. >> that doesn't make sense to me, and that kind of mall knit -- magnet -- that kind of magnet draws people into this country. >> reporter: rick santorum with the overhead smash. >> why should they be given preferential treatment as an illegal in this country? that's what they're saying. so, yes, i would say -- i would say that -- i would say that he is soft on illegal immigration. >> i don't think you have a heart. >> reporter: the gop front-runners defense of the law drew cheers but also boos from the crowd. >> this was a state issue. texans voted on it and i still support it greatly. >> senator santorum -- >> reporter: with the debate staged in florida where senior votes are on the line, romney once again pounded on perry's past statements on social security. >> there's a rick perry that, almost a quote, it says that, that the federal government shouldn't be in the pension business, that it's unkogs stooshl. unconstitutional and should be returned to the states. you better find that rick perry and get him to stop saying that. >> reporter: at moments it seemed the punishment was taking its toll. perry seemed to get lost delivering one zinger on the health care law passed in massachusetts. >> americans just don't know sometimes which mitt romney they're dealing with. he's for obamacare and now he's against it. >> reporter: except that romney has never supported the president's health care law. >> nice try. >> reporter: also standout moments for members trying to break through on foreign policy, former ambassador jon huntsman. >> only pakistan can save pakistan. only afghanistan can save afghanistan. all that i want right now at this point in history is for america to save america. >> reporter: and on the economy, probably the line of the night from former new mexico governor gary johnson. >> my next door neighbor's two dogs created more jobs than this shovel -- >> reporter: it came from a handful from the audience who booed a gay soldier. >> you intend to circumvent the progress made for gay and lesbian soldiers in the military. >> reporter: for a race that's come dune to rick perry versus mitt romney, it's unclear whether anything changed at last night's debate. florida republicans will have their say as a non-binding straw poll set for this weekend. jim acosta, cnn, orlando. palestinian president mahmoud abbas will stand before the general assembly and ask the world to accept the palestinians as member. here's the problem. he knows full well he'll be rejected. >> right. his support for statehood is slowly eroding thanks to heavy lobbying by the united states. richard roth is with us this morning. good morning. >> reporter: good morning. the palestinians have been lobbying the nations on the security council. they need nine yes votes to be accepted in a security council resolution, but the u.s. has a veto that's potentially waiting. now, the battle is just beginning, because mr. abbas knows full well that all of that is taking place. some say he's doing this for his legacy. some say, as they say, they're not bluffing and could always go to the general assembly and get this non-observer state status. u.s. ambassador to the u.n. -- >> we've made very plain if it were to come to it and if it were necessary, the united states would exercise its veto. >> reporter: the palestinian leader is expected to deliver his formal application to u.n. secretary-general ban ki-moon before the late morning, early afternoon address and the security council, susan rice, yesterday said could meet to start discussions next week, but there's a whole process that will take. mr. president abbas may come back. the idea is to guest the two sides talking. the so-called quartet, all the key players will try to come up with an immediate plan, start border discussion proposals, all with the destination of a state. >> a lot of fireworks yesterday with iranian president mahmoud ahmadinejad. >> surprise, surprise. >> exactly. no surprise what he said, but i guess to a lot of people in the room, it was a little too much. right? >> reporter: and we've seen this show on 42nd street before, but the remarks get worse and worse. the iranian leader questioning who was behind 9/11, what did it lead to. why are holocaust payments made. questioning everything. even tougher than other years. it really was more direct. no mention of the iranian nuclear program, which is what the u.n. member countries are concerned about. empty chairs in the hall. the u.s., france, austria walking out. canada and israel weren't even there. everyone -- those diplomats know the plan. it's like going to a show and know, if this is bad and these lines are said in the dialogue, we're out of here. this is what the british prime minister said. interesting quick moment as he exited the u.n. when asked about the speech. >> mr. cameron -- president ahmadinejad's speech today, sir? >> dreadful. >> reporter: dreadful one the one-word answer bud also denounced ahmadinejad in the speech from the roster. other problem, iran's nuclear program, it's intentions. iran is also not going to recognize israel, it says, even if a palestinian state is declared in a two-state decision. >> calling 9/11 a mysterious incident, takes a lot of -- >> reporter: exactly. right in new york city. tensions arising between the u.s. and pakistan. yesterday testimony from admiral mike mullen the outgoing chairman of the joint chiefs triggering an angry response from islamabad. insisting the top spy agency, the isi, had close ties to the network a violent faction of the taliban. listen to what he told the senate. >> the network for one acts as a veritable arm of pakistan's internal services intelligence agency. with isi support, the operatives conducted that truck bomb attack as well as the assault on our embassy. we also have credible intelligence that they were behind the june 28th attack on the intercontinental hotel in kabul and a host of other smaller but effective operations. >> reporter: pakistan the foreign minister responded to admiral mullen's allegations and warned the white house it's in jeopardy of losing an ally. the united states is facing a real possibility of a partial government shutdown in seven days. we have heard this before, we should tell you. the republican-controlled house passing a $3.7 billion disaster aid measure late last night along with a stop gap spending bill that would keep the government from shutting down. calling for millions of cuts to offset the hurricane and wildfire victims, but senate majority leader harry reid already promised to reject it saying it's not an honest attempt as it a compromise. and president obama, said to give states the green light to opt out of no child left behind. the plan would relieve school districts from stiff penalties for failing to meet targets aimed at making all students proficient in reading and math by the year 2014. in exchange, states agree to reforms favored by the government including linking teacher evaluations to test scores. expect a lot of hearings into the collapse of sow llyndr. they plan to plead the fifth and refuse to answer questions. the solar company went bankrupt after receiving a controversial billion dollar guaranteed loan from the energy department. coming up on "american morning," an alarming discovery in libya. what some soldiers found locked in a warehouse. plus -- former president bill clinton, and the mystery of nasa's missing moon rock. and look out below. they're tracking that satellite. expecting to fall to earth sometime today. it's 14 minutes after the hour. be back after this. 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"minding your business" this morning. right now u.s. markets poised to rebound, maybe, after a march rabble day on wall street yesterday. the dow, s&p and nasdaq lost. biggest since 2008. european markets losing some of their early gains this morning. we'll see if u.s. markets stay up getting closer to the opening bell. investors lost $5 billion alone on the wilshire 5,000 and 1 trillion gone last week going into today's 5,000. the wilshire is the broadest gauge for u.s. stocks. former chief meg whitman stepping in as the new ceo and chairman. the company the stock dropped more than 40% this year new hewlett-packa hewlett-packard. expected to push down long-term mortgage rates. the average year on a 30-year fixed mortgage, 4.09% according to freddie mac, check into your financing. and the amount of credit card debt is up 66% from the same time last year. cardhub.com says it hasn't been that high since 2008 when credit debt was at its peak. 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