i remember in the second grade the choir teaching saying go over here and play an instrument. the opening bell is on wall street. it s time for the market rundown. all right, sir, what do you got? i don t even sing in the shower, chuck. that s some good form there. the things we do for the jobs that we love. yes, we do. that s right. let s get to the markets. we have a strong open the to the upside here. the bottoms closed for columbus day holiday. in europe we have france and germany saying sovereign debt and the banks will have a deal by the end of the month. the franco belgian bank will be the deal. the nugget i have for everyone watching. seems like everyone in this country has netflix. that idea to split it up and call their online dvd business quickster and have two log ins for their site.
gadhafi. they say they are on the verge of taking the port city of sirte. a spade of killings at a port on the mekong river has interrupted cargo trade between children that and thailand. at least 12 sailors were murdered in what may have been a drug traffic attempt. investigations are continuing. severe weather in new zealand is hampering efforts to corn taken an oil spill off the country s north eye land. authorities are trying to pump the remaining oil off a ship that struck a reef last wednesday. 30 tons of oil has leaked from the vessel. those are the headlines from cnn, the world s news leader. i m monita rajpal. world business today starts right now. good morning from cnn london, i m charles hod southern. and good afternoon from cnn hong kong, i m andrew stevens. welcome to world business today. the top stories monday, october 10th. bell jen bank agrees to its bailout. are more bank rescues on the way? and weather hampers efforts to contain an oil spill
countries. the announcement comes on the same day france, belgium, and luxembourg agreed to rescue dexia, a major franco belgian bank. a couple of hours ago, i spoke with cnn s senior international business correspondent, richard quest. he tells me that what is going on in europe is very similar to what happened in america back in 2008. you really don t want the investment bank to fail. why? because a big investment bank failing of this particular time would cause a ripple of crisis of confidence and that s what happened with lehman in 2008. we re going to see more banks over the coming weeks that whether they fail or not, they re going to need more money. what the authorities are going to have to judge is when is it right to rescue and when is it time to let go? finance ministers from the g-20 nations are scheduled to meet later on this week to discuss the growing crisis. and now to economic concerns here in the u.s. this week, the senate will vote on president obama
president obama stumps for his jobs plan in pittsburgh on tuesday. he ll address international brotherhood of electrical workers at their training center. and governor rick perry will also be in pittsburgh next week. he will deliver a policy address on friday, focusing on energy and job creation. and mitt romney will have town halls across new hampshire on monday. you can see him in new hampshire. and we ll get another financial litmus test for those running for the white house next week. saturday is the deadline to announce third quarter fund-raising numbers. and now to other news, a looming showdown over the president s jobs bill. the u.s. senate is expected to vote on the measure earlier this week. the $447 billion package will be paid for by a tax on millionaires, which would raise revenues by $453 billion over ten years. it includes funding for infrastructure projects and job training. a live report on the brewing battle is just seconds away. the voices of protesters