investors with the dow roaring back, for now, into positive territory, here is what worries my market watcher. most of the buying has to do with europe hopes that the leaders will put the banking crisis to bet this weekend. but investors have hoped for the same thing before and now those leaders are dialing it back. insisting they never promised they would get everything done at their sunday meeting which is why my guest is saying, probably it is wise to consider us getting more discriminating. guest: this was unscheduled visit. but sarkozy put this together and now they are talking about $1.5 trillion to $2 trillion euros to save the region. neil: how were that number has gone up. guest: it has. neil: that is incredible
and toothpicks, and then some people saying i don t want to try the cake because my mouth will get hurt. that s what is going on. this is something that we have been seeing over the last few weeks. is this really any different than the turmoil we have been witnessing? i think ali is spot on. you think back to just before the huge selloff and volatility last week, we had our own numbers that showed we had almost no growth. we have a new manufacturing number today, a regional manufacturing number that really hit investors hard. some analysts say it s a reliable number because it s a fresher number. this number is about manufacturing in august. the index was actually at one of the low points, and the drop was what analysts call stunning and saying it never has been this low without leading to a recession. when you hear things like that, especially with manufacturing considered one of the engines of growth in this country, that s also why you see investors sell at this point.
poll also found that 73 percent of americans say the u.s. is on the wrong track, only 21 percent of you say the country is headed in the right direction, and this is the highest figure measured since they began asking this question a number of years ago. what do you think? go to the chat. we re going to be reading some of your comments about whether america is going in the wrong or the right direction. we ll have that coming up later on happening now . jenna: interesting numbers there. let s go back to the markets now. the markets are trading lower by more than 400 points, after finishing higher by 400 points yesterday, partner at bcb partners, you say in your 49 years of being a market watcher, you ve never seen volatility like you ve seen this week. what is making this so different? the reason i think it s different, jenna, a, we re talking about much larger amounts than in perhaps 1987 and 2003, 2008 they were, of course, gargantuan but the
the ten year treasury continues to think that we will not go into default and that s something that was repeated today by every market watcher we talked to. we had someone from the ecb telling us the same thing that the world is watching and that s what they are expecting. chuck, at this point there are a lot of nonbelievers on wall street when it comes to all of this rhetoric getting tossed around. mes th allf this rhetoric getting tossed around. they are betting and putting their money on the idea that there will be a resolution. well, when it s a politically-created issue, you have to figure that washington will figure it out. becky quick, thank you very much. up next, a tiny break from the debt debate. some of the most competitive races in 2012. how do they do it.
the ten year treasury continues to think that we will not go into default and that s something that was repeated today by every market watcher we talked to. we had someone from the ecb telling us the same thing that the world is watching and that s what they are expecting. chuck, at this point there are a lot of nonbelievers on wall street when it comes to all of this rhetoric getting tossed around. they are betting and putting their money on the idea that there will be a resolution. well, when it s a politically-created issue, you have to figure that washington will figure it out. becky quick, thank you very much. up next, a tiny break from the debt debate. some of the most competitive races in 2012. how do they do it. how dot democrats hold them off?