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europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out of stocks and back into -- into, you know, safer investments, but, really, it all started in europe. ...

>> some shop. a couple days after joplin we had alabama, mississippi. then we have this today. what made this so dramatic was the coverage out of oklahoma. a storm chasers bringing us live pictures. the tornadoes form over the top of oklahoma. it looks like they were coming down from the sky one after another. a bunch were on the weaker side. there was çone, possibly two tt were strong, intense, probably e.f. 3, e f 4. the death toll is now getting to the point where it is astonishing. this graphic, we are now up to 488 fatalities for this year. this is off the charts for anyone that is aliv...

Those longer term forecasts looking at what we might be expecting 24 hours from now? how wide is the window in which these forecasts for tornados is really confident prediction? >> 24 hours in advance, very good, 48 hours to maybe two or three days gets a little more questionable. at least we can pinpoint a region. once you're out past a week, we couldn't pinpoint where tornados will occur. the forecast for tomorrow a good safe bet. i'm confident we're going to have tornados in the red region during the day. i can't pinpoint the town. that's where it's frustrating for people. the technology is...

488 fatalities. that number sin creasing as we go throughout the morning. it looks like we will go over 500 by the end of today. i will let you know who is at risk for storms today coming up. oil shoots up, another high-flying ipo and kate means ka-ching. your first look at the business headlines is straight ahead. coming up t doesn't get much better than this, overtime in the nba and nhl conference finals. you're watching "first look" on msnbc. how can expedia save me even more on my hotel?

Now here is your first look at how wall street will kick off the day. the dow opens at 12,512 after losing 93 points on friday. the s&p dropped ten points. the nasdaq was down 19. taking a look at overseas trading, in tokyo, the nikkei sang 146 points while in hong kong, the hang seng tumbled 488. wall street could get off to a rocky start this week after worries about europe's deepening debt resurfaced overseas. asian stocks dropped in early trade today after greece's already tarnished credit rating was knocked down several more notches. meanwhile standard and poors said italy's credit was ...