sensitive equipment and illegal immigration in the center of arizona history. you re in the situation room. captions by vitac www.vitac.com we begin with the breaking news. political and financial chaos within the european union, sending fresh shock waves through wall street and world financial markets. stocks plunging in new york today on all three indices with the dow tumbling about 400 points amid a growing debt crisis in italy. and the third largest in europe. let s bring in our own financial expert, cnn s erin burnett, the host of erin burnett outfront. the markets taking a major tumble today because of what s happening in italy, is that right? that really is the reason why. europe continuing to not dealing with its problems. right around 388 points to the downside as the final trades come in. what s happening in europe is causing all kinds of problems. general motors came out and said we can t even put out forecasts for what we re going to do in europe and as
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they simply did not happen. the fact is, these anonymous allegations are false, and now the democrat machine in america has brought forth a troubled woman to make false accusations. was it tough last week? yes. is it s that been tough the last couple of days? yes. but you see, that s one thing about herman cain that i think a lot of the american people know and that is, just because it s tough is no reason for me not to do what i feel like i have to do. because of what the american people have said to me, during these turbulent times, we will get through this. we will get through this. sometimes feisty news conference that ended moments ago, mr. cain said he cannot recall ever meeting the chicago whom who says cain upgraded his room to a suite, made an aggressive and unwanted sexual advance. with respect to the most recent accusation, i have never acted inappropriately with anyone. period. i saw ms. allred and her client yesterday in that news conference for the very fir
defendant, conrad robert murray, guilty of the crime of involuntary manslaughter in violation of penal code section 192 subsection b. alleged victim michael joseph jackson. as you just saw, dr. murray showing no emotion as the verdict was read, but outside the courthouse jackson fans erupted. throughout the trial jackson supporters have gathered outside the building offering words of encouragement to the jackson family. today latoya thanked them. her joy at the verdict unmistakable. michael loves everybody out here. we all love them. and guess what? he was in that courtroom, and that s why victory was served. jermaine jackson spoke briefly as he left the courthouse. justice was served, yes. it wasn t enough time, though. what do you say for michael? michael s with us. michael s with us. jackson s mother and father, joe and katherine, were cheered as they made their way through the crowd. this is the verdict the jacksons were hoping for. but prosecutor david walg