KPIX CBS Morning News August 12, 2010
more than 3%. all the major indexes are in the red for the year, so let's get more from ashley morrison here in new york. good morning. >> good morning to you. the bad news continues to pile up this morning, fueling fears the global economic recovery is in serious trouble. asian markets picked up where wall street left off with investors rushing to cut their losses. major markets were down across the board. yeah pan's nikkei dropped 0.9%, rebounding after hitting it's it lowest point in more than a year. wall street worries we may be headed into deflation when wages and prices drop, ...