the party in south beach. guaranteed it is still going on this morning. he said it s the best day of his life. i wouldn t doubt it. hi, everybody, nice to have you with us this morning. welcome to early start. it s 5:00 a.m. in the east, good morning, everybody. it may be a good morning, it may not be such a good morning, depending how you look at things. the markets are down worldwide this morning after the ratings agency moody s downgraded 15 of the world s largest banks and guess who happens to be sitting in this morning. the woman who knows everything there is to know about this. can you boil this down and let us know what it means for us? it means that your stock investments got hit yesterday and the global economy is slowing and we re seeing the ramifications of that around the world. 15 of the biggest banks in the world, including five of the largest u.s. banks were downgraded by moody s. bank of america, citigroup, goldman sachs, jpmorgan stanley. and hsbc
here we go. it s the first full day of jury deliberations in the jerry sandusky day. i do mean full. 48 counts that they are considering. and that is not counting the bombshell claim from one of sandusky s own sons. and in philadelphia, the 13th day of deliberations in the 13th week of a sex abuse trial of two people belonging to the catholic church. priests, one an alleged monster, the other an alleged enabler. and we are also in orlando where hispanic voters are about to hear from marco rubio and then later president obama. you re going to hear from them, too, right here in the cnn newsroom. let s begin this hour with the upside of the downgrade. yes, you heard it. new york markets aren t crying over it too badly in the world s bank and they are suffering. the dow is up after one blistering day when the dow dropped about 250 points. overseas it s a bit of a different story, though. big selloffs in europe, selloffs in asia. down, down, down. look at all of those arrows. he
prosecution during the trial. now, he was not called to the stand. we re going to get into why in just a minute because that s of course the question everybody wants to know the answer to. first, a bit of background. he went to live with the sanduskies as a foster child. he was later adopted. he had denied ever being abused by sandusky till just this week. as the trial was going on, he apparently approached prosecutors and told them his adopted father did molest him. joining me now live with the latest, national correspondent jason carroll. also cnn con trip tributor sara gannham. why didn t he call him to testify? i think that s a good question. there s a question in term of whether or not his testimony would have been admissible. for one reason, jerry sandusky is not charged with sexually abusing his son. i can tell you this, think of this scenario. let s say, for example, jerry sandusky had taken the witness stand and had said during his testimony, i m a great father, i
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