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got his start. this is where he's going to come to his end, in iowa. did you get the change and the hope that you believed in. >> well, it turnless out that those republican candidates had a little competition, too. >> i don't think i'm stealing anybody's spotlight. go, go find the other folks and say hello. >> now, sarah palin wasn't in the big debate last night and she rolled into the state fair, none t nonetheless, let everyone know she may yet join the republican dance. >> there's a lot of contemplation that needs to go into earth shattering life saving decision for everyone. >> ...

400-plus-point gain was a blip or perhaps a building block. well, sadly, we got a decisive answer today, the dow industrial average plunged 520 points, 4.6% amid jitters about europe's debt crisis and growing resignation that the long-term prospects for growth here in the united states are bleak. alison kosik watched the massive selloff up close. >> john, we had yet another brutal session here on wall street today. you know, there's a lot of uncertainty about the economic outlook here in the u.s. and in europe as well. you know, there's worries about france being downgraded like the ...

good morning to you. it is thursday, august 11 now. this is "american morning." lot going on today. let's get right to it, folks. >> good morning, good morning. so much for comeback. haven't seen these kind of wild swings on wall street since the darkest days of the financial meltdown. the dow diving 520 points yesterday. this time fueled by fears or at least triggered by fears. that france is on a verge of a credit downgrade. every day it seems to be something new trying terg sell-off or the buying. that's because this is a global economy. your investments feel it here. wild swings....

fewer americans filed first-time jobless claims last week. the labor department says that it got 395,000 initial claims. that's a drop of 7,000. it is the first time the number dipped below 400,000 since early april. united nations says that the drought ravaging the horn of africa has not peaked. that means a long-term threat of famine. the u.n. says 12 million people, if you can believe that, are at risk. desperately needs more than a billion dollars to feed them. musician and activist bono talked to anderson cooper who is reporting from somalia this week. >> people watch the values...

london as police struggle to take back control of their streets. now americans are being urged to use caution when traveling around the city. good morning again. i'm carol costello. three members of the congressional super committee have been chosen. nine more to go. there are 12. they will have 90 days to come up with $1.5 trillion in spending cuts. the selections and reaction to them on this "american morning." all right. good morning, it is wednesday august 10th. ali is off today after working i think 15 or 16 straight days covering the markets and all that. more on the market...