of coming in to us right now and it s really fascinating when you look at how these networks that take nuclear material from the u.s. and then provide it overseas. two men have been indicted. a citizen of iran and a resident of china are being accused to try to obtain and illegally export these u.s. materials toer rang. and they re used to construct, operate and maintain gas center fudges. there was a statement that was released by lisa monaco. she s the assistant attorney general iranian networks continue to target u.s. and western companies for technology acquisition by using fraud front companies and middle men in nations around the globe. so essentially the citizens of people who are doing things like this are setting up fake companies, trying to buy materials from the u.s. and then slip them into iran and obviously with iran s nuclear programs right now, you can see the concerns with that. one other thing that came out in this, some of the details against these men in pa
four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe s debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to break out of that. lowering their global growth forecasts and enough to shake a shaky market which bank stocks in europe are down and real concerns about the debt crisis in europe. still even after france s aaa rating was reaffirmed. an icky situation here this morning. the dax and ftse is down and cac is down also. bracing for a big sell-off this morning. saw new data from the united states. joble