we ll begin with the breaking news, all of us with money in the stock market, we re just catching our breath and now this, another big selloff on wall street. all three major indices way down at the closing bell. the dow losing a hefty 419 points. it s the fourth biggest slide for the dow in a month of big losses. the dow has plunged 1152 points so far this august. that s a drop 9.5%. and the month isn t even over yet. let s turn to cnn s richard quest. he s following what s going on. a lot of traders on wall street, richard, they re blaming what s happening where you are in europe for a lot of the problems here in the united states. do they have a point? way too simplistic to put it like that, wolf. there are problems on both sides of the atlantic. what prefaced today s fall was the morgan stanley s report that warned of a dangerous risk of recession in the united states and in the euro zone because of what it called policy errors and sluggish growth. it s not you cannot
understand this financial crisis was the worst since the great depression, but ultimately they say, look, he s the president. we think he has good intentions, but we re impatient and we want to see things move faster. i understand that. i m sympathetic to it. we ll keep on putting forward ideas that will be good for the country. we re going to need a partner from congress. on the other side of the political spectrum, listen to what governor rick perry said in iowa and he s not backing off. you might hear him catch more heat for it today. politicians from president obama to rick santorum thought perry went overboard when he talked about the federal reserve and its chairman ben bernanke. listen. if this guy prints more money between now and the election, i don t know what you all would do to him in iowa, but we would treat him pretty ugly down in texas. i mean printing more money to play politics at this particular time in american history is almost treasonness in my opinio
what it takes to become one of the coast guard s elite rescue swimmers. here we go. canal larsen takes you inside a rescue mission. hollywood hustle. you say you ve been robbed for the last few decades. what would you call it? pop star david cassidy claims he was ripped off over his pop idol image. but first, a pizza delivery man robs a bank with a bomb around his neck. these suckers say you got 55 minutes, man. what are you going to do? and that s just the beginning of one of the most bizarre crimes ever. cnn s drew griffin unravels the twisted tale of the man known as the pizza bomber. 911. what is your emergency? yes. we ve just been robbed. was anyone hurt? no. he just walked out the door. august 28, 2003, erie, pennsylvania. within minutes of robbing a bank, brian wells is surrounded by police, cross legged on the ground and handcuffed. he told police he was a pizza delivery man and he delivered a pizza. the group he delivered it to captured him, he
according to the indianapolis star website. high winds toppled the stage rigging between the opening and main acts of the outdoor concert. here s what we re hearing. the country band sugarland was just about to take is the stage, when that accident occurred. again, this video just coming into cnn. these are live pictures coming from our affiliate wthr. we re going to be following up on the news. ann ramsay was at the state fair on a ride and ann, you said you felt it shaking. was this weather, did a system come through you felt like? we were at the fair. i was with my kids and my sister-in-law back in the midway and all of a sudden is, the wind started blowing. things started blowing around. luckily, my son was ushered off the ride and people just started running and screaming. and i watched a mom and her daughter almost get trampled. the worker got her up and we got up to the front and tried to get on a tram to see if we could get to our car. and they shut the tram down an
far. if we stay true to form, that means we will see a huge rally today. cross your fingers and hold on, folks. also this morning, five nato troops killed in a bomb attack in southern afghanistan. coalition troops have killed nearly 200 militants in recent weeks. keeping an eye on afghanistan, of course. keeping an eye on great britain. britain s prime minister says london police waited too long to arrest rioters this past weekend. he said that when he was speaking to parliament in a special session on the rioting. we will have more on this in a moment. all right, folks, it s just like that ride. you are are having seconds thoughts getting on the roller coaster but you can t get off. we are still on this ride on wall street and in 30 minutes, we will have that opening bell. yesterday, the dow dropped some 500 plus points after the week we have seen, it has been literally down, then up, then down and today would be the up day but we shall see in a few minutes. we hav