at the summit. and abc s jake tapper is traveling with the president. reporter: president obama knows the u.s. economy and thus his re-election chances may be seriously infected by the contagion spreading. spreading from greece to spain to elsewhere if this election is not contained. the election in greece had him breathing a sigh of relief. the election in greece yesterday indicates a positive prospect for not only them forming a government but also them working constructively with their international partners. reporter: but the president knows the road to solve the economic crisis remains long and arduous. already u.s. exports to europe have slowed. mr. obama is pushing europe to stop applying temporary band-aids as crises erupt. it s been like herding cats to get all 17 euro zone countries to agree on anything meaningful such as establishing one powerful organization to police and ensure all the banks throughout the 17 country euro zone. but if body language and scowls are any
choreographed affair, as we were expecting from north korea, very similar to what we saw 17 years ago for the funeral of kim il-sun. we saw the procession. coffin going through the streets of pyongyang, 40 kilometers was the procession. and along those snow-laden streets, there were tens of thousands if not hundreds of thousands of mourners who had come out to pay their last respects. this was a lot of emotion. we did see at the front of these crowds a lot of wailing and weeping and beating of chests. although further back in the crowds, there were some more passive looking people paying their respects. so this is as it was expected. kim jong-un obviously now called the supreme leader according to state media was also front and center. zain? will anything change in north korea under kim jong-un? this is what everyone would like to know. at this point, the consensus appears to be that nothing will change in the near term. what we did see today was kim jong-un walking along
a spy satellite into orbit this morning. officials are tight-limited about its capabilities but part of intelligence gathering network after concerns over north korea s missile program. 35-year-old truck driver is lucky to be alive after his gas tanker burst into a massive fire ball at a filling station in australia. the driver was hospitalized with burns to his arms and legs. the cause is being investigated. now here s your first look at how wall street will kick off the day. the dow opens at 12,184 after rising 186 points friday. the s&p climbed 20. the nasdaq jumped 50. taking a look at overseas trading this morning in tokyo, the nikkei gained 117 points. but in hong kong, the hang seng was down ten. wall street rallied friday on a mostfully successful european summit but europe has a big hole to dig out of. at the summit all 17 euro currency countries agreed to a
they got their fiscal house in order. euro zone leaders wanted a treaty change signed by up a27 eu nations. at 5:00 a.m. in brussels, a weary nicolas sarkozy confirmed that britain was not playing ball. translator: david cameron requested something which we all considered unacceptable, namely that there be a protocol written into the treaty which enabled the uk to opt out of a certain number of rules applying to financial services. we re not able to accept that. we consider quite the contrary. so the 17 euro zone members along with 6 others in favor must now press on with what s being called an intergovernmental agreement. their goals, well, to introduce binding control on the budgets of those 17 countries, also to implement a new fund known as the european stability mechanism capped at 500 billion euros by july. to lend a further 200 billion euros to the imf with a view to supporting nations in need. and already the ecb s guidance to steer the current bailout fund, the e
gunman, and new emergency alert system put to the test. we have a deal. leaders of the eu crisis say they have a plan to save a continent. so how are stocks reacting and why isn t britain onboard. and iran shows off what it claims is a top u.s. secret drone, but is it the drone or dummy? some say iran may be pulling a bait and switch on this american morning. captions by vitac www.vitac.com and good morning to you. happy, happy friday. it is december 9th. carol s favorite day of the week. except for saturday and sunday. ali off, i m carol costello along with krrm krrm christine this american morning. new information on yesterday s deadly virginia tech shooting. ballistic tests are back and police confirming that both people were killed by the same gun in an apparent murder/suicide. police say a gunman shot and killed an officer at a traffic stop and apparently turned the gun on himself after a chase. this all happening nearly five years after the deadlie