this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening, everyone. a rough day on wall street, with all the major stock averages tumbling 3.5% or more. italy was the big worry today, tom. investors fear that italy s financial crisis is getting worse. tom: susie, it is costing the italian government more to borrow money up to a new record. the interest rate on italy s 10- year government bonds are now above 7%. that s the level that forced greece and portugal to seek bailouts. u.s. investors sold stocks on worries italy may not be able to pay its debts. the dow plunged almost 390 points, the nasdaq was down 105 and the s&p fell about 47. susie: you might be wondering, what s the connection between italy s financial problems and the u.s. economy? as erika miller reports, there could be a big impact on the economy here. reporter: italy is a relatively small country, about the size of ariz
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening, everyone. a rough day on wall street, with all the major stock averages tumbling 3.5% or more. italy was the big worry today, tom. investors fear that italy s financial crisis is getting worse. tom: susie, it is costing the italian government more to borrow money up to a new record. the interest rate on italy s 10- year government bonds are now above 7%. that s the level that forced greece and portugal to seek bailouts. u.s. investors sold stocks on worries italy may not be able to pay its debts. the dow plunged almost 390 points, the nasdaq was down 105 and the s&p fell about 47. susie: you might be wondering, what s the connection between italy s financial problems and the u.s. economy? as erika miller reports, there could be a big impact on the economy here. reporter: italy is a relatively small country, about the size of ariz
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening, everyone. a rough day on wall street, with all the major stock averages tumbling 3.5% or more. italy was the big worry today, tom. investors fear that italy s financial crisis is getting worse. tom: susie, it is costing the italian government more to borrow money up to a new record. the interest rate on italy s 10- year government bonds are now above 7%. that s the level that forced greece and portugal to seek bailouts. u.s. investors sold stocks on worries italy may not be able to pay its debts. the dow plunged almost 390 points, the nasdaq was down 105 and the s&p fell about 47. susie: you might be wondering, what s the connection between italy s financial problems and the u.s. economy? as erika miller reports, there could be a big impact on the economy here. reporter: italy is a relatively small country, about the size of ariz
but it s not clear that will happen. tom: from the markets to the impact on travel we ll have the latest. it s nightly business report for friday, august 26. this is nightly business report with susie gharib and tom hudson. nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening everyone. ben bernanke said today the economy needs help, but he didn t offer any new action to fix it. tom, everyone was waiting eagerly for this speech from the federal reserve chairman in jackson hole, wyoming, but there were no silver bullets. susie, bernanke s speech was short on specifics and that s one of the reasons the major stock averages plunged initially, but by the close they were all up. ahead of bernanke s speech, investors were also hit with disappointing news showing that the u.s. economy slowed dramatically in the second quarter. gross d
but it s not clear that will happen. tom: from the markets to the impact on travel we ll have the latest. it s nightly business report for friday, august 26. this is nightly business report with susie gharib and tom hudson. nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening everyone. ben bernanke said today the economy needs help, but he didn t offer any new action to fix it. tom, everyone was waiting eagerly for this speech from the federal reserve chairman in jackson hole, wyoming, but there were no silver bullets. susie, bernanke s speech was short on specifics and that s one of the reasons the major stock averages plunged initially, but by the close they were all up. ahead of bernanke s speech, investors were also hit with disappointing news showing that the u.s. economy slowed dramatically in the second quarter. gross d