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Transcripts For CNNW American Morning 20110819

people can feel like they can have control over now, if you can get through to the bankers. we re trying and it s not cheap to refinance. that s right. you have to think about whether you want to do that. if rates go low enough, it s good to check it out. it s friday. yes. yeah. although the week started off well, the realization that a second recession may be drawing closer is hammering stocks this morning. actually futures. here in the united states, the dow dropped 420 points or nearly 4% yesterday, stripping away this week s gains and then some. adding to the uncertainty, bad news on manufacturing, inflation and jobs. jobs, which we know are scarce, this video says it all. thousands of americans waiting for hours in sweltering heat just hoping to land an interview at a job fair in atlanta and because the economy is truly global, the anxiety here is spreading. nina dos santos is live in london. nina, how are the markets overseas so far? i m afraid to say

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