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WUSA The Early Show August 5, 2011

worse it could ged. early this friday, august 5th, 2011. captioning funded by cbs and good friday morning. nice to have you with us. i m erica hill. i m jeff glor in for chris wragge. happy friday. that may be the only thing about it that s happy, it s friday. so many people concerned about this. there are two sets of numbers, the market meltdown from yesterday, the dow jones loss wiped out all of the gains so far for 2011. a ybs news/ new york times poll shows frustration and anger with the economy and our leaders in washington. we begin with a series of reports on the economy and financial markets. we find in london cbs news correspondent charlie dagata watching a major drop in overseas markets. good morning to you, erica. volatile would be the best way to describe the situation overseas. the last time london markets posted three-day losses on this scale was after the lehman brothers collapse that triggered the 2008 financial crisis. europe s biggest plunge f

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