good morning to you. it is thursday, august 11 now. this is american morning. lot going on today. let s get right to it, folks. good morning, good morning. so much for comeback. haven t seen these kind of wild swings on wall street since the darkest days of the financial meltdown. the dow diving 520 points yesterday. this time fueled by fears or at least triggered by fears. that france is on a verge of a credit downgrade. every day it seems to be something new trying terg sell-off or the buying. that s because this is a global economy. your investments feel it here. wild swings. take a look at the week. monday the dow dropped 635 points. tuesday, it rebounded. picking up 430 points. yesterday the dow took it all back and then some with a drop of 520 points. drop of the s&p 500 has a percentage was greater. well, far from over, too. because this morning u.s. futures are weighing up and that had asian losses at a minimum. nikkei and shanghai closed down. markets in german
average plunged 520 points, 4.6% amid jitters about europe s debt crisis and growing resignation that the long-term prospects for growth here in the united states are bleak. alison kosik watched the massive selloff up close. john, we had yet another brutal session here on wall street today. you know, there s a lot of uncertainty about the economic outlook here in the u.s. and in europe as well. you know, there s worries about france being downgraded like the u.s. debt was downgraded. they really accelerated the losses in the final minutes of the trading day, and then, of course, there s a fear factor that s around here, you know, investors feel like they re flying blind. no one has any idea of what s coming next or where the economy is headed, and it s that certainty that s feeding this downward spiral, but i also want you to keep in mind, what s also fueling this volatility are the computer models that many institutional investers use to trach stocks, as the market falls,
power. i think he thought george w. bush overstepped in terms of executive power. it s also he s an observer by nature. before i continue i want to say that roger, who i ve known for decades, is the best in the business. we re so happy to have him back. oh. and he s seen this before. he s seen presidents who use power or don t use power. if you don t use it, you lose it. barack obama should overdo. he should overstep. even at the risk of being called a socialist again? even at the risk of having a lawsuit filed against him, the army, the navy should be in there. they should go over the top. by the way, bp is not in danger of going broke tomorrow. right. but yet obama is putting this whole escrow idea out there so that bp can still possibly do its dividend on june 21st. the american people, roger, want to see a president lead right now, left, right and center. even the right that hates big government wants to see a boss now, i think. they want to see a boss.
man? he s an observer. he s usefully and rightfully dangerous about power. i think he thought george w. bush overstepped in terms of executive power. he s an observer by nature. before i continue i want to say that roger, who i ve known for decades is the best in the business. we re so happy to have him back. oh. and he s seen this before. he s sen seen presidents who use power or don t use power. if you don t use it, you lose it. barack obama should overdo. he should overstep. even at the risk of being called a socialist again? even at the risk of having a lawsuit filed against him? bp is not in danger of going broke tomorrow. yet obama is putting this whole escrow idea out there. so that bp can still possibly do with dividend on june 1 21 st. the american people want to see a president lead, left, right and center. even the right hates big government wants to see a boss now. i think?
he s judicious. does he know he s a powerful man? he s an observer. i think he s usefully and rightfully dangerous about power. i think he thought george w. bush overstepped in terms of executive power. it s also he s an obber by nature. before i continue i want to say that roger, who i ve known for decades is the best in the business. we re so happy to have him back. oh. and he s seen this before. he s seen presidents who use power or don t use power. if you don t use it, you lose it. barack obama should overdo. he should overstep. even at the risk of being called a socialist again? even at the risk of having a lawsuit filed against him, the army, the navy should be in there. by the way, bp is not in danger of going broke tomorrow. right. but yet, obama is putting this whole escrow idea out there. so that bp can still possibly do its dividend on june 21st. the american people, roger, want want to see a president lead right now, left, right and