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the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i m wolf blitzer, you re in the situation room. wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve s afternoon announcement about interest rates and future economic conditions. lit s bring in poppy harlow. it was wild. swings of 600 points. some of them hundreds of points within a minute. the dow industrials in the last hour of trading, ridesing more than 300 points. this is a very good sign. it is the exact opposite of the selloff we saw on monday. it s encouraging that we re seeing investors coming in at the end of the trading day, buying up stocks in droves, saying i m willing to hold these stocks overnight. that is a very good sign. and just to give you some indic
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the biggest story in the presidential politics of the day, mitt romney and the magical $1 million donation to him that nobody is owning up to. that story is coming up. being your average bears. we know how to tighten our purse strings. sugar salmon flakes! sorry buddy. even with bath tissue. that s why i buy new charmin basic. it s very reasonably priced. and it holds up so much better than the leading competitive brand. new charmin basic has a duraflex texture. that s soft and durable. plus, it s two times stronger when wet versus the leading competitive brand. new charmin basic works for my bottom line.
bank, their equivalent of ben bernanke gave a speech had morning and they said their economic growth is slowing, and traders took it as a note to say things are more serious than we thought. you combine that with the fact that the japanese central bank intervened to prop the yen up, and there s a fear that everybody is doing badly and nobody is there to pick up the slack. basically is that what is happening. money is coming out of the stocks. when you see that happening, it comes out of commodities or gold. people are taking their money out of the stock market and gold, and oil, and this is the jitters of people taking their money out and putting it in their mattresses. and let s bring in the assistant editor of a financial magazine. a drop in two weeks, and why is the fear taking hold right now? i think a lot of it today is what ali said, the turmoil in europe that is suddenly worse than we thought. there was a feeling the ecb was going to rescue things and that went up