almost 3% of market s valleys. the standard & poor s index down more. nearly 4%. alison kosik live with the latest. what s driving this? reporter: we saw the sell-off pick up steam on wall street after a report a eurozone official said they have no plans to givotly a financial rescue package, financial assistance may not be in the cards for italy. the thinking, it will could be too big to bail out. the fact it s solvent but drowns in $2.5 trillion in debt. its economy more than twice as big as greece, portugal and ireland when you put them altogether. a bail xwout could cost clearly much more than it did for greece. the fear italy could default is playing out obviously in the equity market, in stocks and italy s bond markets. the ten-year yield spiked 7%. no one wants to touch italy s debt because it s a big question whether italy can even pay its bills. john? for someone watching here in the states you have a global domino effect going on. what will it take to stop the f
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into chaos. barbie, what is is it like right now? what s happening? barbie, can you hear me? all right. okay. barbie, i think i ve got you now. tell me, explain to me what s happening tonight. reporter: right now i m standing in the epicenter of all of the violence we saw earlier. and really right now the protesters are gone, they ve been carted away. but it s really a waste land. right in front of me is a burnt out police vehicle. there are cobblestones all over the place. there s so much broken class it s like walking on frozen snow. there s so much debris on the ground. the smell of tear gas in the air. many other protesters have been carted a eed away. lots of them have started trouble in new parts of rome. we have 70 confirmed injuries, 40 of which are police officers. 30 which are protesters that are confirmed injuries. there were a lot of other people who didn t seek hospitalization that were injured either by, you know, flying glass from these broken bottles and thi
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