i mean, for the politics of it, it worked pretty well for president obama, but the real question is we need unemployment insurance and we need more stimulus, and it s not going to happen, and so he s using this from a to get some political leverage and, good for him. it it may have but it s it s politics. it s not policy in the sense of a country that needs 30 million jobs needs a a comprehensive look at the way that s done and this is not going to be that done. this is not going to hurt, but it s not going to help. this is the indictment of the nature of the whole political debate. it s another drop in the ocean and it s going back to your book today. it s absolutely terrifying what s going on in you re. ft was reporting how subdued obama was with the meeting after the euro leaders earlier on this week. america is facing a massive problem next year because of actually what s going on in europe, so, yes, payroll tax great, drop in the ocean, $1,500. banks may well b
toward cincinnati, a few sot spots to look out for. and down in florida, chances for showers today. by tomorrow, improvement across much of the southeast. maybe a snowflake in and around the southeast. early tomorrow morning around atlanta. better chances in western tennessee and northern alabama. we ll look at some of the watches out for snow potential. thanks to much. wall street readies for another week. euro leaders look to get tough. and the high cost of a pear tree. your first look at this morning s business headlines is straight ahead. coming up, another game. another tebow comeback. and a touchdown celebration gone bad. you re watching first look. nyquil: you know i relieve coughs, sneezing, fevers?
have to deal with it. but what is interesting to watch is this president, who has said that he wants to be above the discussions here on debt, a president who has not put forward proposals on how to reduce a budget decifit in this country since he s been president, is now talking to the euro leaders, the head of the european council, the european commission, the political leaders, who basically don t have the standing to solve their own problems, let alone work together with this president to solve the problems that exist. megyn: i don t know if obviously president obama obviously it s going to have a negative effect on the united states economy, clearly it works to his actual beand political benefit to get that solved. but his administration, and the treasury secretary, timothy geithner, has said of the europeans, they don t have the political will to solve it. but he could be looking straight at his own country. that is, you, me, our fellow citizens, saying we haven t manifeste
ee electr electrocutions are mostly to blame for deaths. health officials say malaria could compound the disaster in the coming weeks. the floods are also taking a financial toll. finance ministry estimates the waters have caused $6 billion in damage. two pakistani cricketers have been found guilty of conspiracy to accept corrupt payments and conspiracy to cheat. the two players threw parts of last year s test match between england and pakistan. sentencing is wednesday. both players could spend up to seven years in prison. there may be new trouble at japan s crippled nuclear plant. tepco says it found signs that it may have started in a nuclear reactor. they re trying to prevent any reactions. those are the headlines from cnn, the world s news leader. world business today starts now. the greek cabinet endorses a referendum on the eu bailout sending investors into a tailspin. this wednesday, george papandreou faces a crucial vote in parliament. will the greek p.m. su
announce a compressive solution for the region s debt crisis. but continued squabbling and tuesday s cancellation of a key meeting of finance ministers fueled fears. euro leaders will once again come up empty. the market also dragged lower by october s consumer confidence. unexpectedly plunging to the lowest level in 2 1/2 years. wall street s so-called fear index spiked 10%. adding to the sudden negativity, in earnings, 3m fell after missing profit expectations blaming europe s debt crisis. u.s. steel sank almost 10% on concern over fourth quarter steel demand. delta slumped 5% after missing expectations and cutting flights this quarter. u.p.s. is showing slowing growth in asia. and netflix plunged 35% after reporting a shocking loss of subscribers. news after the bell. amazon.com sank on weaker than expected results due to heavy