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Transcripts For CNNW John King USA 20110819

central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comments may have been misinformed it represents a view in america that fed should do no more work in stimulating this economy. so now we have investors saying we need more investment. you got the morgan stanley saying we do. and you ve got a lot of people in america saying don t do it. so we re at an impasse. investors said let s get our money out of there. they put it into bonds and into gold. the nikkei down 2% on opening. robert, i know you say look at unemployment more than you look at the dow. but when people s retirements are tied up in this roller coaster and every day it s up and down hundreds of points, what should people be thinking? anderson, obviously right now we have a jobs and wages and growth crisis. and not a debt crisis. and until we actually get more

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Transcripts For CNNW The Situation Room With Wolf Blitzer 20110819

23 more deaths reported in syria. a day after president obama and several u.s. allies finally called on president obama bashar al assad to step aside. arwa damon is covering this story. another friday, a day of prayer, but it was a day of brutal violence as well, arwa. that s right, wolf. and it would seem some pretty dramatic footage emerging from damascus. in the center of the city and in the clip that emerged on youtube, we could not independently verify its awe tenitiesty. you can hear the fear in the people s voices on the recording. now, we spoke to an eyewitness, a person who said he was at that demonstration and just as they were leaving the mosque, he said security forces began firing op them from all sides. people scattered into the alley ways. some of them stood their ground and tried to use rocks to keep their security forces away. in the southern province and a number of towns there, again, the very same scenario unfolded. the people who were wounded were being

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Transcripts For CNNW CNN Newsroom 20110819

overwhelmed. i spent almost the past decade in solitary confinement. so i m not used to being around anyone, much less this many people. it s kind of overwhelming. it s not perfect. it s not perfect by any means. but at least it brings closure to some areas and some aspects. you know, we can still bring up new evidence. we can still continue an investigations we ve been doing. we can still try to clear our names. the only difference is we can do it from the outside instead of sitting in prison and do it. even when you re in prison, you have to worry about your own safety. it doesn t matter what crime it is, you got to worry about your safety regardless. jason, how about you? i didn t worry about someone else would do. i worried about people who loved me and care about me and trust. we can t live our lives in fear. this was not justice. in the beginning, we told nothing but the truth that we were innocent and they sent us to prison for the rest of our lives for it. then

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Transcripts For CNNW CNN Newsroom 20110819

do not feel like the unemployment situation is working well enough for them and their families and this coming together as we have a big deadline coming up for the super community to figure out how to get our debts and deficits in order. the rest of the world looking at us and worried how serious the u.s. is about political harmony. a lot of different fronts all moving at once. you add in europe and the sense of confidence, this lack of confidence around the world and that is what we are dealing with still this morning on a friday morning. kyra? . we are sitting back wondering where the heck are futures headed? alison kosik at the new york stock exchange. what do you think? reporter: we are 30 minutes from the opening bell and the thing their worse levels of the morning but we are still seeing another triple digit drop on the dow. all major averages right now down more than 1%. this is just more of the same. continuation of yesterday s sell-off. we have seen circling t

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Transcripts For CNNW AM Wake Up Call 20110819

here, that arrow just refuses to turn green. the s&p lost more than 4%. the nasdaq sank more than that to 5%. it sank 5%. so what has rattled the markets this time? it s a combo platter of bad news, jobless claims are up, existing home sales are down. consumer prices are up and the plfrg industry has gotten weaker. no wonder a top economic adviser is flying to martha s vineyard next week to help president obama with his job proposal. then there was this report from morgan stanley, not paint ag pretty picture for the united states or europe. brace yourself. you re about to hear the r word again. here is our chief business correspondent, ali velshi. it said things we had all sort of thought, but now it was on paper. number one, it said we are dangerously close to a recession. dangerously close. it doesn t say it s entirely likely or it s their base assumption, but dangerously close. it says europe and the u.s. have made policy errors, policy errors. that s the central banks

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