big time around the world wherever you look. the dow posting its best day in more than two and a half years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k) s in this country. the nasdaq and s&p up more than 4% as well. why? well, it began with america s top economic man bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the world. this is europe-related? this is definitely europe-related. there s more to it than that. but futures were roaring very, very early as a direct of ben bernanke, the federal reserve s move to effectively lower the cost of gaining access to u.s. dollars. kr? because u.s. dollars, that s the world s reserve currency. that s what the euro zone needs for their banks and financial institutions to p
rapes of young boys allegedly by a former assistant coach and allegedly covered up or at least ignored by other penn state officials. we get the latest from our mary snow. reporter: two days after ousting its president and former coach joe paterno, penn state s board of trustees announced today that it is forming a committee to investigate the failure surrounding the reporting of sex allegations by jerry sandusky. the board of trustees says no resources will be spared. they will have independent counsel and investigative teams saying there are no restrictions on the scope or activity of this committee, this as a new interim prefz penn state rodney ericsson addressed the board about moving forward here at penn state. i accept this new leadership role under circumstances that i never could have imagined. it has been truly difficult to comprehend the terrible nature of the allegations that were revealed in the attorney general s presentment last week. my heart aches for the
the nation s debt ceiling is fueling hopes the government won t run out of money on august 2nd. obama saying the deadline drawing close and congressional leaders need to talk turkey in today s meetings. most of the central heat under a heat alert. some areas feel as hot as 126 degrees. . the taliban blaming u.s. hackers for a text that announced the death of mullah omar. the taliban says, no, he is alive and well. one day after rupert murdoch tried to repel the british assault on his empire, it s the prime minister s turn to face parliament. david cameron tainted by claims that he was too cozy with the media giant and drew raucous responses in his appearance before the special session. what is the public expects is not petty political point scoring but a what what they want, what they deserve is concerted action to rise to the level of events and pledge to work together to sort this issue out once and for all and it is in that spirit that i commend this statement
orlando, florida, isp wrapping up this afternoon, and today kicked off with at battle of emotions with the prosecutors asking the judge to limit defense attorney s jose baez s cross-examination, and motion granted. with the response of a motion of his own. watch this with me. so far the state has put on a case solely of dealing with the bad character of my client or the attempted character assassination of her past conducts, boyfriends, people she slept with, and things that have absolutely nothing to do with the crimes charged. and it has put us in a position where we are significantly prejudiced as to some of the impermissible character evidence they have been successful in introducing, and we would again renew our motion for mistrial at this time. mr. biabaez, how many times e you asked on cross-examination of witnesses whether or not mrs. anthony was a quote good mother, unquote? well, motion for mistrial denied. baez then proceeded to bring a witness to tears. here