and also a friend of his, a woman who has known him for years and says he s a saint, we ll actually talk to her. we ve got some tough questions for her to answer. we begin though tonight with raw politics. president obama heading home tonight from the g 20 sum et in mexico. where the economy is concerned, this summit could have a serious impact on jobs. here s some of what the president said tonight about the economy, about syria and political sniepg from the romney campaign. markets around the world have been asking if we re ready to do what is necessary to hold together. european leaders here in cabos had made it clear that they understand the stakes and pledge to take the actions needed to restore confidence, stability and growth. let me be a little more specific. first our friends in europe clearly grasp the seriousness of the situation and are moving forward with a heightened sense of urgency. he welcome the important steps that they have already taken to promote growt
seemingly in control of the country. we will surprise testimony in the jerry sandusky sex abuse trial, his wife takes the stand. and also a friend of his, a woman who has known him for years and says he s a saint, we ll actually talk to her. we ve got some tough questions for her to answer. we begin though tonight with raw politics. president obama heading home tonight from the g 20 sum et in mexico. where the economy is concerned, this summit could have a serious impact on jobs. here s some of what the president said tonight about the economy, about syria and political sniepg from the romney campaign. markets around the world have been asking if we re ready to do what is necessary to hold together. european leaders here in cabos had made it clear that they understand the stakes and pledge to take the actions needed to restore confidence, stability and growth. let me be a little more specific. first our friends in europe clearly grasp the seriousness of the situation and ar
entails. dominique strauss-kahn is being questioned by french police tao now. we ll have head on allegation that is the former head of the imf participated in a prostitution ring. an exz collusive interview with an inside trade who are says dodge gee deals are note a victimless crime. now after all the riots and resignations, the mistargets and miscommunications, greece has its bailout. after 13 hours of talks, the word came greece had met numerous conditions and would receive $173 billion. that should help it default next month. it surely does not mark an end to the country s financial troubles. tt deal greece to cut the debt to 125% of grngsdp down to from a staggering level of 160%. if all goes according to plan greece can miss the debt repaymentless without the need for anymore bailouts. that s officially. reuters news agency is reporting that officials privately feel more bailouts may never be needed. otherwise it may go straight back up to 160% of gdp. under the r
between a police officer and a man being followed for having a license plate that did not match his vehicle. the officer was not injured. police are now putting up road blocks to try to stop the gunman. we ll keep an eye on this and bring you developments as they happen. and now the deal that set off the rally. the details have stopped it. a day after stock prices soared around the world on hopes that europe had finally dealt with its debt crisis, they re back down to earth as we learn more about the breakthrough. blue chips on wall street are more or less flat. and the same goes for europe, though asia had a bit of a catch-up rally. speaking of asia, we find the head of the eu bailout fund that s set to grow to $1 trillion euros. it wasn t clear yesterday where the new cash would come from, but now it s more than clear that europe wants a big chunk from china. beijing isn t making any promises beyond ordinary trade and investments in european bonds. now, let s get back t
ripples of relief spread from europe across the world market. a deal has been reached to tackle the e.u. financial crisis. european leaders have agreed to expand the e.u. bailout fund while private sectors will take a 50% loss on greek bonds. the european agreement translated into a huge day for u.s. stocks. let s go to alison kosik at the new york stock exchange. the closing bell just rang. how did stocks finish? we don t know the final number, but we know it s very positive. it is. the numbers are settling. we re seeing the dow up 340 points. the nasdaq s&p up more than 300%. the bulls busted out of the opening bell and never looked back. this is what investors have been waiting for. these debt problems plaguing greece. and besides plugging greece s debt hole, this plans to safeguard against future shocks. it s a step forwards in instilling stability in the marketplace. being there is such a powerful positive reaction, do investors see this as a done deal? is this crisi