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jessica, what do you know about the president's plans for next month? >> after labor day he'll reveal a jobs proposal that will have specifics in the way his critics have been calling for. according to my sources it will be actual legislation. that's real detail. i'm told the package will be new initiatives and not a rehash of the policies we've been hearing him promoting recently like patent reform or infrastructure bank. my sources say there will be proposals in three main categories. targeted tax cuts. another big one for the white house is new infrastructure investment and then l...

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe's debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to b...

anderson. >> he was giggle. >> that's the first time i have ever seen him completely lose it. it was funny. >> a lot to talk about this morning. we have breaking news. a suicide truck bomber targeting the u.s. military base in afghanistan. it happened in the city of gardez a few hours ago. officials say the truck ripped through the main security gate. killed two afghan guards. nine others were hurt. and the taliban is taking credit for the attack. >> less than two weeks after downgrading america's aaa credit rating standard and poor's is the target of a justice department investigati...

we'll begin with the breaking news, all of us with money in the stock market, we're just catching our breath and now this, another big selloff on wall street. all three major indices way down at the closing bell. the dow losing a hefty 419 points. it's the fourth biggest slide for the dow in a month of big losses. the dow has plunged 1152 points so far this august. that's a drop 9.5%. and the month isn't even over yet. let's turn to cnn's richard quest. he's following what's going on. a lot of traders on wall street, richard, they're blaming what's happening where you are in europe f...

europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out of stocks and back into -- into, you know, safer investments, but, really, it all started in europe. ...