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recession fear. today the story is the health of the european banks. >> that's absolutely right, christine. what we're seeing is conflicting reports today in a couple of newspapers about whether the eurozone and european regulators for the banking industry will move to try to recapitalize or shore up the capital that some of the banks hold. this is on the back of on going concerns about the health of the french banks after mohamed el arian said yesterday. he said that could undermined the eurozone, pushing europe into a broader recession. today the markets seem to be rebounding after...

what ben bernanke said yesterday was exactly what the market expected him to say, we know things are weak, we know europe is a severe issue. him saying it even though they knew he was going to say it makes people more worried looking for something to hold on to and a little bit of hope. most people say this is a dramatic sell-off and you might see stabilization. that isn't the same thing as saying we aren't in a real economic problem, we know we are. >> it seems the markets are underwhelmed by the feds latest move to kick start the economy. is there anything they can do? >> certainly...

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Get to a better state. ♪ is to take you from where you are... to where you need to be. and we're not just talking about points on a map. with a more intuitive delta website and mobile app... and the most wifi equipped planes. we let you be everywhere at once. innovations like these are extending our reach so you can extend yours. and now, even at 30,000 feet you can still touch the ground.

economic forecast. let's get to alison kosik. she's monitoring everything today where at one point today, the dow tanked morning 500 points. what's going on? >> that's right. these worries about a recession were ampfullied today. not just in the u.s., but overseas as well. the federal reserve spooked everybody first. this was yesterday. the fed giving a really bleak assessment of the u.s. economy warning of significant downside risks to the economic outlook. translation there that the economy will get significantly weaker. then overnight, we got weak manufacturing reports out of euro...