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World. asian shares fell this morning. stocks in china were the exception. shanghai climbing 3%. a catch up rally there. european shares and u.s. stock futures are down at the moment. exception to the shares, deutsche bank. it is bracing for a $7 billion loss in the third quarter because of a write-down at the investment bank. u.s. stock futures lower tat th moment. yesterday with a triple digit rally. look at what happened over the past four trading days. dow gained 600 points. what could throw a wrench in that? earnings season. profit overall are expected to fall. you have concerns about chi...

There are rumors everywhere in brussels tonight. >> let's talk more about the trust issue because it is something germany's finance minister brought up something that the euro group president brought up this issue of how can we trust that if greece agrees to all of these changes, all of these austerity measures that they will actually follow through and implement them if we give them a third bailout. ultimately where will they fall on the issue of trust? >> reporter: that is the key point. they have been burned several times before. bailout number one led to bailout number two. bailout number ...

People were able to deduct money they spent on their own classrooms in the past, teachers were. and now the teachers will not be able to do that. teachers, your taxes just went up. >> the majority of my great friends are in special needs education. this abraham was claimed by more than 3.6 million teachers in 2010. they would go in their pockets and pull out nearly $400 on average for teaching their kids in supplies and now they can't deduct that. >> especially with budget cuts on schools any way. the energy efficiency deductions i'm sure that slipped by the obama administration because they l...

Administration as part of the t.a.r.p. money to help people work through foreclosures. we estimate the banks can work through 10 million foreclosures provides they help foam the runway for them. >> all my discussions with the administration, they claim they are in disagreement with dimarco. he put out a report where it seems to say to me it showed excellent evidence we should have principle reduction and the went the other way. >> you borrowed $200,000 for your home and your home is now worth $100,000 rather than reducing your interest rate or monthly payments, the bank says we will write down...

Reducing your interest rate or monthly payments, the bank says we will write down this loan, no longer a $200,000 loan, a $100,000 loan or $150,000 loan. >> they made it clear from the treasury department to dimarco they were fully supportive of a principle write-down and they felt f ha would require administrative costs and go beyond the dollar set assigned the hamp program and the treasury department would help. >> explain that. there's this program passed as part of the bailout called hamp. they spent essentially none of this money, homeowners haven't been help ed with this program. the adm...