captioning sponsored by wpbt susie: good evening, everyone. more selling on wall street today with all the major indexes closing in the red on new worries about the european financial system. tom, this time investors reacted to the bailout over the weekend of a troubled savings bank in spain. tom: susie, caja sur is a small bank, but it could spell bigger problems for european debt crisis. the bank of spain took it over, giving it access to about $690 million in emergency money. susie: the euro today also fell sharply again against the u.s. dollar and other major currencies. it has dropped 7% in the past month alone. the big question here is whether these cracks in the european system will affect american companies and our economy. joining us now to talk more about this, mohamed el-erian, c.e.o. of pimco, the world s largest bond fund. nice to have you on the program. thank you, susie. susie: let me begin by just asking you what are the risks of all these events, th
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. more selling on wall street today with all the major indexes closing in the red on new worries about the european financial system. tom, this time investors reacted to the bailout over the weekend of a troubled savings bank in spain. tom: susie, caja sur is a small bank, but it could spell bigger problems for european debt crisis. the bank of spain took it over, giving it access to about $690 million in emergency money. susie: the euro today also fell sharply again against the u.s. dollar and other major currencies. it has dropped 7% in the past month alone. the big question here is whether these cracks in the european system will affect american companies and our economy. joining us now to talk more about this, mohamed el-erian, c.e.o. of pimco, the world s largest bond fund. nice to have you on the program.
captioning sponsored by wpbt susie: good evening, everyone. more selling on wall street today with all the major indexes closing in the red on new worries about the european financial system. tom, this time investors reacted to the bailout over the weekend of a troubled savings bank in spain. tom: susie, caja sur is a small bank, but it could spell bigger problems for european debt crisis. the bank of spain took it over, giving it access to about $690 million in emergency money. susie: the euro today also fell sharply again against the u.s. dollar and other major currencies. it has dropped 7% in the past month alone. the big question here is whether these cracks in the european system will affect american companies and our economy. joining us now to talk more about this, mohamed el-erian, c.e.o. of pimco, the world s largest bond fund. nice to have you on the program. thank you, susie. susie: let me begin by just asking you what are the risks of all these events, th