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dow down 9.5% so far this month alone. what happens next? and is your money safe? these are the leading questions. ali velshi, i'll start with you with the usual. what is going on, ali? >> look, we started off the day this morning with a rough night in asia. european markets on news that, you know, the german economy, the strongest in europe has weakened to almost a stall, the french economy, absolutely no growth in the quarter. that took u.s. markets downright off the top. but before that, more than 12 hours ago, we got a report from morgan stanley to say what we've all been saying,...

the asian markets responding to the markets today. dow down 9.5% so far this month alone. what happens next? and is your money safe? these are the questions. ali velshi, i'll start with you with the usual. what is going on, ali? >> look, we started off the day this morning with a rough night in asia. european markets on news that, you know, the german economy, the strongest in europe has weakened to almost a stall, the french economy, absolutely no growth in the quarter. that took u.s. markets downright off the top. but before that, more than 12 hours ago, we got a report from morgan...

jobs on top of the 2,500 already cut this year. the "new york times" reports a broader revamping that's under way could cost another 10,000 jobs. the notorious west memphis three are due if court in jonesboro, arkansas, this hour. they could walk out as free men. jurors convicted the men in the 1993 mutilation/murders of three boys. but recent dna tests did not link them to the crime. the arkansas supreme court ordered today's hearing to determine whether they should get a new trial. instead, some sort of deal has apparently been struck. >> they said that the deal has been made or ...

this is "piers morgan tonight." the dow plunging 419 point, down 9 1/2%. so what happens next? and is your money safe? these are the questions for legal ber and ali velshi. i'll start with you with the usual entreaty. what is going on, ali? >> the french economy, actually no growth in the quarter. global economies are slowing down. we're dangerously close to a recession. we may need more intervention from the european bank and more from the fed. you've been talking about this piers, that rick perry said we can't have more intervention. if the fed intervened it would be treasonous. ...

down 9 1/2%. so what happens next? and is your money safe? these are the questions for legal ber and ali velshi. i'll start with you with the usual entreaty. what is going on, ali? >> the french economy, actually no growth in the quarter. global economies are slowing down. we're dangerously close to a recession. we may need more intervention from the european bank and more from the fed. you've been talking about this piers, that rick perry said we can't have more intervention. if the fed intervened it would be treasonous. what's that setup? we have no political agreement in this coun...