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the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i'm wolf blitzer, you're in "the situation room." wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve's afternoon announcement about interest rates and future economic conditions. lit's bring in poppy harlow. it was wild. >> swings of 600 points. some of them hundreds of points wi...

bank, their equivalent of ben bernanke gave a speech had morning and they said their economic growth is slowing, and traders took it as a note to say things are more serious than we thought. you combine that with the fact that the japanese central bank intervened to prop the yen up, and there's a fear that everybody is doing badly and nobody is there to pick up the slack. basically is that what is happening. money is coming out of the stocks. when you see that happening, it comes out of commodities or gold. people are taking their money out of the stock market and gold, and oil, and ...

hey, kiera. >> good morning, guys. great to see you. here's some of the stories that have us talking this morning. nervous investors awaiting this hour's opening bell on wall street. the doll plunged 266 points yesterday for its eighth consecutive loss. trial under way for former egyptian president hosni mubarak. the ailing hue mark could face execution if convicted in the deaths of anti-government protesters. florida watching tropical storm emily as it approaches the northern caribbean. warnings up in haiti and the dominican republic. -- captions by vitac -- www.vitac.com well...

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Thanks for hashing out this very difficult case. >> thank you. >> thank you. >> all right, straight ahead, could the heart wrenching call to 911 close the casey anthony case. listen. >> we're talking about a 3-year-old little girl and my daughter finally admitted that the babysitter stole her. >> straight ahead, the brand new evidence exposed inside the florida courtroom and the real reason americans aren't drilling for oil. not the obama administration. why you can blame a tiny lizard, godzilla. but first, happy birthday to marilyn monroe. she would have been 85 today and i'm sure still hot. ...