i m amanda drur e with your cnbc market wrap. gold is the only treasury to hide. plunging 634 in heavy trade. the s&p 500 falling almost 80 points and the nasdaq seeing a biggest decline down 174 points. you can t point to one reason alone for the plunge. the s&p downgrade had impact and growing concerns about a double dip recession, but s&p lowered fannie mae and freddie mac s debt rating. the federal reserve meeting tomorrow, and let s not forget about europe s ongoing battles, the european central bank stepping in today to buy italian and spanish bonds. elsewhe elsewhere, bank stocks hit hard on word aig is suing bank of america for over $10 billion it lost in toxic mortgages. the biggest one-day gain since march of 2009 surging almost $54 an ounce hitting a record high
intelligence committee has released a damning report on the cia s interrogation techniques that were used after the september 11th terror attack. the report claims that the tactic used to gather information from our enemies were not effective and were, quote, brutal and far worse than the agency alleged. in a moment, former cia official jose rodriguez who oversaw the so-called enhanced interrogation will join us to respond and lieutenant colonel ralph peters will be here. we turn to fox s own ed henry who has details on how the obamaed a trags is responding. by the way, one quick question as we start, ed, let s see, isn t this the same administration that s responsible for the killing of how many people with drone strikes including civilian casualties in pakistan and elsewhe elsewhere? i can tell you that josh earnest, the white house spokesman got a question at the white house briefing from an arab journalist who was basically saying, you know, what s the difference. some would argu