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good evening. i'm erin burnett. "outfront," we have breaking news. this was a very, very big day. stocks surged. the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty...

opportunity in the middle east. this hour, his vision for the region and the controversial way he's pushing the israelis and the palestinians to make peace. we want to welcome viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." the financial power broker who bailed out countries is being baled out himself as he awaits trial on charges he sexually assaulted a hotel maid. dominique strauss-kahn denies the allegations that many people find shocking. but the former head of the international monetary fund has been tied to previous allegatio...

Rushing to trial? or do they want this to drag on? >> delay, delay, delay. especially in a case like this where passions are high and there is a lot of attention. that's also why this bail decision is so important. because -- if he had been in rikers island for the months prior to trial he would be telling his attorneys i can't stand this. get me to trial. now he will be in a relatively comfortable apartment and -- which will certainly be cramped and -- frustrating to him because he can't live his normal life. but he will be eating normal food and he will be sleeping in a normal bed. he will b...

this hour, concerns that there are potential targets at risk by cutting homeland security funds. i'm wolf blitzer and you're in "the situation room." we begin with deadly new clashes today in syria as security forces try to break up anti-government protests in a number of cities. human rights activists say that at least 34 people were killed. they say to end the crackdown or get out of the way. here is arwa damon. >> reporter: wolf, when we see the images coming out of syria, the path that the regime continues to take seems pretty clear. they are aiming to clear. a voice yells off ca...

People went in and out of that hotel room? all that has to be looked at and experts from both sides have to have the opportunity to look at the evidence. it could take a long time. >> will his own attorneys be looking for a speedy trial rushing to trial or do they want this to drag on? >> delay, delay, delay. especially in a case like this be where passions are high. there's a lot of attention. and that's also why this bail decision is so important. because if he had been in rikers island for the months prior to trial, he would be telling his attorneys i can't stand this. get me to trial. now ...