Page 8 - Policy Errors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, global economies are slowing down, that they were on the -- we're dangerously close to a recession, we may need more intervention in europe from t...

here, that arrow just refuses to turn green. the s&p lost more than 4%. the nasdaq sank more than that to 5%. it sank 5%. so what has rattled the markets this time? it's a combo platter of bad news, jobless claims are up, existing home sales are down. consumer prices are up and the plfrg industry has gotten weaker. no wonder a top economic adviser is flying to martha's vineyard next week to help president obama with his job proposal. then there was this report from morgan stanley, not paint ag pretty picture for the united states or europe. brace yourself. you're about to hear the ...

sales of existing homes dropped. and manufacturers had been expecting a modest increase. and inflation on consumer goods was up. add in collapsing consumer confidence and you get sober advice like this -- >> 2012 could be a very difficult year. i'm on the camp that we have more chance of being in recession than avoiding it. so, they should be conservative right now. their confidence should be down because there's every reason out there that they shouldn't feel confident. >> getting us started tonight our chief business correspondent ali velshi takes us behind the numbers. >> john, wh...

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...