weather? if your nation was just a few feet above sea level, you would be really worried. we ll talk with a former president of just such a nation. and why am i wiggling my finger in a mirror here? to try to understand the wonders of the human brain. come along for an amazing tour. first, here s my take. the attacks and counterattacks in this presidential campaign are, i suppose, inevitable. but let s be honest. they re largely untrue or irrelevant. whatever the paperwork shows, mitt romney was not running bain capital after february, 1999. and even if he had been, outsourcing jobs to lower companies costs and thus ensure its survival is not sleazy, it s how you run a business efficiently. is president obama suggesting that we put up tariff barriers to prevent outsourcing in the future? on the other side, romney s recent claim accusing the president of shoveling government grants to his political supporters is so twisted that it earned him the washington post fact-chec
weather? if your nation was just a few feet above sea level, you would be really worried. we ll talk with a former president of just such a nation. and why am i wiggling my fingers in a mirror here, to try to understand the wonders of the human brain. come along for an amazing tour. but first, here is my take. the attacks and counterattacks in this presidential campaign are, i suppose, inevitable. but let s be honest. they re largely untrue or irrelevant. whatever the paperwork shows, mitt romney was not running bain capital after 1999 and he if he was outsourcing jobs, it is not sleazy, it is how you run a business efficiently. on the other side, romney s recent claim accusing the president of shoveling government grants to his political supporters is so twisted that it earned him the washington post s fact checker s highest score for distortion. four pinocchios. his recent refrain that obama s views are foreign. this course is extraordinarily foreign. but it is frankly
germany. and basically, many people think it is too big to bail. there are lots of people who say, this is just, you know the markets will be watching it so carefully. because it is not enough that berlusconi is out. italy is in much bigger trouble than greece, if it defaults. it is in much worse it has six times the debt, basically. their problems are far, far greater. there s a lot more that needs to be done. it could have a far greater impact on us, in america. what can we do on our end where italy is concerned to bolster them and protect ourselves? well, the issue here is that we have u.s. banks have 651 billion dollars in euro debt. also, in terms of exports, the
looking at oversees trading this morning, in tokyo, the nikkei skidded 152 points, while in hong kong the hang seng plunged 494. halloween was a scary day on wall street as the european debt crisis claimed its first major american victim. mf global holdings, a brokerage run by former new jersey governor and goldman sachs chief jon corzine, filed for bankruptcy, crippled by big bets made on european debt. the new york times reports mf global is also being investigated for hundreds of millions in customer money gone missing. financials were hit hard, morgan stanley fell almost 9%, jpmorgan chase, which has $1.2 billion in claims against mf global, also fell. also the dollar shot up to a three-month high after japan intervened to curb its currency appreciation. that set energy and natural resource shares sharply lower. alcoa dropped 7%.
jumped 10%. nokia zipped up 17. with monday s gains, last week s losses were wiped out. volume calmed to roughly half of last week s, the dow s three-day win streak the first in six weeks. bank of america up 8% on plans to sell its canadian credit card business. lowe s rose slightly, despite reporting weaker-than-expected quarterly sales. more deals monday, the world s number one drilling contractor, transocean, buying aker drilling. time warner paying $3 billion for insight communication. and cargill buying dutch animal nutrition company for over $2 billion. elsewhere, france and germany s leaders meet in paris trying to get a grip on euro debt. reportedly they will not be discussing a common euro bond. something struggling neighbors are calling for.