this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening, everyone. tom hudson is off tonight. the wall street slump continued today the major stock averages fell sharply. jeff, this is all about the debt crisis in europe and the falling euro. jeff: susie, investors were having second thoughts about that european bailout package. the dow tumbled 162 points; it had been down as much as 250 points earlier in the day. the nasdaq fell 47.5, or 2%, and the s&p 500 lost 21. and volume on both the n.y.s.e. and nasdaq picked up on the selling. susie: in the currency markets, the euro slipped to an 18-month low against the dollar, falling below $1.25. there are fresh questions about what the troubles in europe will mean here in the u.s. suzanne pratt reports. reporter: new york s time square may soon see a drop in european visitors, particularly if the euro continues to slide against
susie: rampant speculation susie: rampant speculation driving prices in the energy markets? a key futures regulator is taking a closer look at the role of speculative trading, and could crack down on action in the pits. jeff: from aluminum to steel, the basic materials sector has been a high flyer. but some say the metals are looking a bit tarnished. susie: president obama heads to his first g-8 meeting tomorrow. economic analyst c. fred bergsten joins us for a preview of what s at stake for the u.s. and the global economy. jeff: worries about a prolonged economic recovery derailed rail road stocks a look at the sector in tonight s stocks in the news. susie: i m susie gharib. jeff: and i m jeff yastine. paul kangas is off tonight. this is nightly business report for tuesday, july 7. nightly business report is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt