sandra smith, not a pretty picture, what s going on. no, and part of the concern on wall street or most of it is the fact that the feds didn t even mention those problems in the emerging market in their statement today and those problems in emerging market are what has been sending stocks into a tail spin of late. the feds cited a pick up in economic activity since it last met in december as reason for its $10 billion caper or scaling back of the economic stimulus. this is despite a dismal jobs report and recent market turbulence including last week the worst week for stocks we ve seen in two years and again, not even a mention of the emerging market turmoil. so before the fed the dow had been down 125 points. after the fed it fell 160 points and then of course we saw it settle down triple digits. so the fed s two-day meeting wrapped today. this was ben bernanke s last
earlier i spoke with the escam bya county manager. we advise residents in the low-lying or have flooding problems when we have heavy rains to consider going to higher ground, maybe with friends or family members elsewhere in the county. just try to get people out of harm s way is the challenge right now. according to the national weather service, pensacola received 13 inches of rain just yesterday. forecasters say it could get another five to ten inches of rain tonight. and right now, out west, colorado firefighters are trying to get a handle on the high park wildfire. 14,000 acres have burned in the northern part of the state, forcing more evacuations. our primary goal is to make sure we get all the people out of the way of the fire. it is a terrible thing to have people hearing about their homes. it s 1,000 times worse to have someone missing. and our focus right now is to make sure the evacuations we re going house to house to make sure we get people out of harm
it will be a fight, but at the end of the day, europe will prevail. the ripple effect at home. how does it impact the new fiscal year? causes market turbulence. every time you worry whether the crisis will intensify in europe, that travels across the pond and markets are hit like today. having said that, markets up a lot first part of this year, up since october, so it is not surprising we re seeing a correction in stocks. but this type of uncertainty that overhangs the markets gets investors nervous enough to sell. ron insana, thank you. mitt romney making the case for electability in florida, saying he is the candidate that can send president obama packing next november. new polls in the swing states just prove his point as he battles it out for the republican nomination. joining me to talk about this more, msnbc contributor, karen hunter, and michael steele, msnbc analyst, former chair for the rnc. great to see you both this morning. michael, want to start with you, get to t
people were killed and 30 wounded when a car bomb was blown up at an outdoor village market, 75 kilometers north of bagdad. in a separate incident, seven people were killed when a gunman struck a town. when he meets with the eu foreign ministers thursday, hague shutdown the embassy and expelled diplomats in response to an attack on demonstrators on tuesday. he says iran should be ashamed of failing to protect britain s interest. today is the 24th annual world aids day. people, organizations and retailers are working together. in 2010 34 million people have the virus, nearly 17% than a decade ago. i m zain verjee and world business today starts now. it s 9:00 a.m. in the morning here in london. a very good morning to you. i m nina dos santos. it s 5:00 p.m. in hong kong. good afternoon. i m andrew stephens. you re watching world business today, the top stories this thursday, december 1st. steps to boost lending send asian markets soaring, banks and property stocks see
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