and stock markets react as well. european stocks closing down on grave concerns on what s happening on the euro zone and whether italy will be able to pay its bills. and stresses that we re seeing in the italian bond market. when you talk about stocks, stocks are much smaller than the overall bond market. the bond market is where governments, companies go to borrow money to keep going. the cost to borrow for governments, governments in trouble, has been rising. you have that above 7% now. 7.3% for italy to borrow money. that s even with the european central bank buying italian bonds and with europe doing things to stabilize things. 7% is seen as a dangerous signal, fredricka. when you ve seen rates climb that high before, it s triggered a bailout. how can you bail out italy? it s the third largest bond market and economy in europe. look at greece, for example, 27% the interest rates on greece bonds. greece can barely can t borrow money, quite frankly, anymore, because of it
no one cared that he was gay. a legal network for them estimates 14,000 were booted from the military because of don t ask, don t tell. authorities could decide whether a condemned man lives or dies. troy davis was convicted of murder in 1989. if the state does not intervene he will be put to death at 7:00 p.m. eastern. davis supporters say he is innocent and the officer s family says justice is overdue. both sides spoke before the parole board. no time is easy when you have to go before the pardons and parole board but feel like we got to say what we needed to say. they heard the truth which is the most important part. and i believe that they will probably favor in our favor. i would be petrified but troy, troy has an understanding of this is bigger than him. this is about a judicial system that may possibly need to change and get better so that this doesn t really happen. the board could commute his death sentence to life without parole or could deny clemency and
i m christine romans. hurricane forecasters feeling the heat because the wrath of irene didn t live up to all that hype. and i m carol costello. like a hurricane, rick perry stormed to the front of the gop presidential pack. the latest cnn polling gives him a double-digit lead over mitt romney. is the texas governor built for the long run? well, good morning. it is tuesday, august 30th. we are still dealing with the after effects of this hurricane. things for a lot of people starting to get back to normal. the river still cresting and could happen over the next day or two in some spots. water is still rising in parts of the country. we begin with hurricane irene. the storm s impact will be felt for months after the winds died down. the death toll rising to at least 27 people. along with the estimated cost, the cost of cleaning up this mess from north carolina through new england, obama administration officials will visit three states today that were hit hard by hurrican
captions by vitac www.vitac.com s. we re going back to it, more than likely, a lot in the hour as we wait on the attorneys to come out. attorneys were dominique strauss-kahn who we can say is the former world banker charged with trying to rape a hotel maid, former, we re saying here, because dominique strauss-kahn resigned as head of international monetary fund. he s going through a hear, as we speak. we did find out that he has in fact, been indicted in this case and charged in the sexual assault. you know this by now, the story by now that he s accused of trying to or accused of sexually assaulting a hotel maid at a high-end hotel in new york city. we have a couple of reporters covering this for us, one being richard roth, outside the courthouse right now. richard what can you tell us about what went on inside that courtroom? reporter: the hearing is still going on. as the prosecution and announced, there s an indictment filed by the grand jury against dominique str