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that s a step in the right direction and still hot and dry in the central united states and a chance for showers in the pacific northwest to wind down the first weekend of autumn. that s your forecast. veronica, back to you. l.a., l.a. looks good. 75 degrees. brad pitt takes on a cartoon and a dolphin at the box office. plus jason, clive owen, robert de niro altogether in an action flipper. you re watching first look on msnbc. helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly while leaving behind cleaner emissions. it s how we make gasoline work harder for you. exxon and mobil.
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for the wall street journal and david gergen. what was behind the selloff, er? i was talking to a few investors today what ben bernanke said yesterday, anderson what is the market expected him to same we know things are weak we know europe is a very severe issue but him saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stablization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmeded by the fed s latest moves to kick start the economisome there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases
recession fear. today the story is the health of the european banks. that s absolutely right, christine. what we re seeing is conflicting reports today in a couple of newspapers about whether the eurozone and european regulators for the banking industry will move to try to recapitalize or shore up the capital that some of the banks hold. this is on the back of on going concerns about the health of the french banks after mohamed el arian said yesterday. he said that could undermined the eurozone, pushing europe into a broader recession. today the markets seem to be rebounding after flirting with losses earlier on in today s session, christine. we should also remember that we ve had really sobering statistics and warning shots from some of the world s biggest institutions this week. let me run you through them. on a positive note, overnight we had the g-20 promising to act put forward concerted action to try to stop these losses and on going concerns about a return to reces