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Detailed text transcripts for TV channel - MSNBC - 20120125:19:25:30
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Detailed text transcripts for TV channel - MSNBC - 20111114:22:35:30
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negotiating a new austerity package and debt reduction measures. it s very much in play at this point. cnbc, sue, thank you so much. pleasure. thank you. to politics, day two of damage control by leading presidential candidate herman cain today. he explained why he seemingly changed his story as the day went on monday about a settlement with a woman who accused him of sexual harassment as president of the national restaurant association in the 90s. i recalled that there was an agreement with the lady who made the charges and they were found to be false. i have never committed sexual harassment in my entire career. i absolutely believe this is an intend smear campaign using these two cases and like i said, i m not aware of the second one. it is a smear campaign. when they cannot by whom? we don t know.
s&p 500 and nasdaq also sharply lowered today. joining me now is sue herrera, the coanchor of power lunch. it started when greece threw a monkey wrench into the deal. that s right and it s a fluid situation. things are changing hour by hour. what happened is the greek prime minister basically decided to take this big bailout package that includes a lot of austerity measures for the citizens of greece. he put it to a referendum vote that stunned european leaders. they were under the impression that they basically had a deal put in place. that s why the market rallied so much last week. this was a pretty stunning development that he was not going to basically decide this within his cabinet and he was going to put a vote to the people. the market is worried that that vote or package will be voted down. as a result of that that, once again put europe into a very
set a target date for interest rates. likely to warrant exceptionally low levels through mid 2013. the fed is hoping to encourage investors to come back in and buy stocks, buy corporate bonds. buie things that have some yield left. reporter: but for many, like this retired realtor in miami, it will take more than one day to undo the damage. what we were looking forward to in our retirement and having these funds, you know, to carry us on, it s just dwindling down. and so, you wonder, where is it going to end? cnbc s sue herrera. wall street s gain is providing a boost to stocks in asia and europe. we turn to london for an early look at the markets. cnbc s steve sedgwick live for us there. what happened yesterday, my friend? it was quite incredible. as sue was talking there, the magnitude of these moves was
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