where are you going? you re leaving? absolutely extraordinary, dare i say it, surreal moment. christine o donnell, one-time tea party darling walks out of my studio rather than answering straightforward questions. you ve heard all about the fuss. and if you missed it, tonight we re going to reair the whole interview all over again. i m going to get some of the smartest people in politics and media to weigh in with their verdict. was it christine s day? or was it mine? all right. are we off? are we done? i m not. i m still here. decide for yourself. this is piers morgan tonight. good evening, i m here in san diego where i m doing an interview with presidential hopeful jon huntsman and that will air at monday night 9:00 p.m. eastern. but right now tonight, it s all about the scandal involving me and christine o donnell and that interview and that walkout. we thought it d be a good idea to bring you up to speed by getting correspondent joe john to do a wrapup of what s g
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committed crimes against humanity. pope benedict xvi is visiting madrid, spain. the city expects a million or so people to attend. not everyone is happy to see the pontiff, however. some spaniards are protests over the cost to put on the event. those are the headlines from cnn, the world s news leader. i m zain verjee and world business today starts now. good morning from cnn london. i m nina dos santos. good afternoon from cnn hong kong. i m andrew streechbs. you re watching world business today. the top stories this friday, august 19th. many people are happy it is indeed a friday because the market sell-off continues to roll around the world as fear takes hold of global investors. bank of america announces plans to cut thousands of jobs. and the story of a small business that s thriving despite the tough economic environment. now, the stock market sell-off has made its way right around the world as andrew is saying, driven in particular by fierce of recessio
another recession. and adds new urgency to the political debate here in washington over new jobs initiatives. the dow jones industrial average was down just short of 420 points or 3.7%. the nasdaq down 5.2%. the s & p 500 down 4.5%. it is what drove the markets down that is again stoking recession fears. overseas more jitters as europe struggles to contain its debt crisis. here at home, data some see as evidence of a new downturn. weekly unemployment claims rose much more than expected. sales of existing homes dropped by 3.5% in july. analysts had been expecting a modest increase. the key manufacturing index was way down. and inflation on consumer goods was up. add in collapsening consumer confident and you get sober advice like this. 2012 could be a very difficult year. i m on the camp that we have more chance of being in recession than avoiding it. so they should be conservative right now. their confidence should be down. because there s every reason out there that they s
people can feel like they can have control over now, if you can get through to the bankers. we re trying and it s not cheap to refinance. that s right. you have to think about whether you want to do that. if rates go low enough, it s good to check it out. it s friday. yes. yeah. although the week started off well, the realization that a second recession may be drawing closer is hammering stocks this morning. actually futures. here in the united states, the dow dropped 420 points or nearly 4% yesterday, stripping away this week s gains and then some. adding to the uncertainty, bad news on manufacturing, inflation and jobs. jobs, which we know are scarce, this video says it all. thousands of americans waiting for hours in sweltering heat just hoping to land an interview at a job fair in atlanta and because the economy is truly global, the anxiety here is spreading. nina dos santos is live in london. nina, how are the markets overseas so far? i m afraid to say