four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe s debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to break out of that. lowering their global growth forecasts and enough to shake a shaky market which bank stocks in europe are down and real concerns about the debt crisis in europe. still even after france s aaa rating was reaffirmed. an icky situation here this morning. the dax and ftse is down and cac is down also. bracing for a big sell-off this morning. saw new data from the united states. joble
they are refusing to leave the jail until they get permission to hold their fast. i m zain verjee and world business today starts now. good morning from cnn paris, i m nina dos santos. welcome to world business today. the top stories this wednesday, august 17th. leaders of the eurozone s two top economies meet and investors are not impressed by the outcome. the world s largest economy hasn t been inspiring much confidence either. in an exclusive interview u.s. president barack obama tells us how he wants to turn that around. new evidence emerged in the news of the world hacking scandal challenging james murdoch s testimony. first, let s get straight to the markets. if investors were holding their breath in the hope of a break through in europe s sovereign death crisis, they ll still be waiting to exhale. tuesday s much-hyped meeting between the french president nicolas sarkozy and german chancellor angela merkel was a damp squid in the eyes of the market as
But cooler than anything out these days and it would be inpolitically correct. new details out on which states, states and local municipalities are most at risk for a downgrade of their own. and look at how our debt troubles are playing on the campaign trail. back in washington, politicians are looting the treasury and bankrupting our nation, and barack obama has driven our economy into a ditch. someone needs to say no. i voted against raising the debt limit, because it s time to balance the budget. megyn: does that resonate with the voters? frank luntz, right after this break. plus a chimp attack victim those off her new face, two years after being viciously mauled by the animal. people thought she was dead. we will show you the amazing pictures. i tried to shoot him, i tried stabbing him, and he hurt them, too. so he s going to attack anybody. i can t get out of this.
good morning. it is thursday, july 14th. this is your a.m. wakeup call. here s break is news. we just learned that british police have made an arrest in that scandalous phone hacking case that brought down that is bringing down parts of rupert murdoch s news empire. i ll get you more on that in just a moment. i wish i could say there s big news about the debt ceiling talks. i can t tell you that. there s more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn t go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don t call my bluff, eric. and then he walked out a few minutes later. president obama said all along he d veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that de
Please call back between 8 and 5 ceral standard time. he s in control. gobye. even kids ow it s wrong to give someone the run around. at ally bank you never have to deal with an endless automated system. yocan talk to a real person 24/7. it s just the right thing to do. welcome back. we ve got a market alert on msnbc. the dow is up 361 points. the s&p is up 42. nasdaq up 94. not just the dow that s on the rise. worldwide stocks are surging now that a trillion dollar european bailout has been approved aimed at stopping greece s debt troubles from going global. joining me now live cnbc chief washington correspondent john harwood. so, john, perhaps people had the weekend to settle down a bit, get it together, and certainly today looks a lot better at least here in the states. no question. tamron, you know, there were so many jitters over whether or not