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inside a hospital in somalia to remind us that they aren't statistics, they are people in pain. i'm wolf blitzer, you're in "the situation room". after weeks of blatant political flirting, the texas governor rick perry is now ready to commit. cnn has learned he will major a formal campaign announce mementd our new poll, jim, shows he will be very competitive. >> that's right. he comes in the top tier, wolf, you're right, rick perry, according to a source close to the governor has told cnn that the texas governor will be announcing he's running for president on saturday. he will be do...

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...

these folks weren't rioting like we have seen the past several days. they were there to clean up. now the problem is that the violence, looting and arson has spread to sever other british cities besides london. also a nationwide manhunt for two brothers and their older sister accused much opening fire on a florida police officer, then robbing a georgia bank. you're seeing the three siblings there and authorities do consider them armed and extremely dangerous. all right. wall street did a bit of a u-turn yesterday and thank goodness it did. we don't know exactly what it's going to...

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...