this is not a greece or ireland. which is, you know, kindergarten. italy is too big to bail. eighth largest economy in the world. the prime minister did not tell us wednesday, they thought he d announce austerity measure but he announced nothing. that sent a panic. europe living 60 years over its head in entitlement stake, running out of money. disastrous way. that was the number one factor. bret: susan, tomorrow, we will get new jobs numbers. for july there is worry about what they will show, especially on capitol hill. most of them aren t here. and in the white house. the expectation is that nothing really will come of the jobs report, things will just stay stagnant, which is terrible. no improvement. just sitting at 9.2%. i was going to ask what charles was saying the number two reason we saw the stock market go down today was because people look at the
outside parliament as greek lawmakers approve a $41 billion deficit reduction plan. riot police firing tear gas and stun grenade necessary an attempt to break up the crowd. senior foreign affairs correspondent greg palkot is live for us in athens and hopefully you re in a safe location because this violence erupted all day long. reporter: pretty safe right now, but it was pretty tough out there. the night is falling, but we re continuing to watch the smoke rise, gretchen, over the square in the heart of athens, riot police continue to clash with protestors. from our vantage point it looked like aggressive tactics on both sides ratcheted up considerably today. there were injuries, there were arrests, among the spots targeted by the rioters, the ministry building, upset about the austerity measure that passed in the parliament by a fairly good margin, that
africa where she delivers a keynote speech today at a leadership forum for young women. mrs. obama and her daughters had an unscheduled meeting with nelson mandela yesterday. when they visited him the 92-year-old former president sent word that he wanted to meet them. now the first lady s mother was also there to meet mandela. another violent scene in greece after lawmakers gave the embattled prime minister a vote of confidence. police set off tear gas and used stun grenades to keep a few hundred protesters away from the parliament buildings in athens. the vote of confidence clears the way for greek lawmakers to consider a huge austerity measure. if that does not pass greece could default on debt payments which would have impact worldwide. shuttle commander mark kelly is ending his nasa career to be closer to his wife, congresswoman gabby giffords. writing on his facebook page, kelly said that gabrielle is working hard every day on her mission of recovery. i want to be by her side.
on the austerity measure. joena, let s just say that the euro zone does implode. the money flows to the u.s. and influx of money here. but it s a short-lived thing. yeah. i don t know how to play it out three or four steps down the road. it can be greece or ireland, one of the pigs, portugal. it creates this is one of the few things about the state of the american economy i don t think that obama deserves any criticism for. this was a mistake baked in the cake of the euro zone in the beginning. the idea of having second, marginally third world countrys like greece on currency like germany and france and eng land, not england, but germany and france was destined to create the problems. how you unwind this, i don t know. even if you have the most expert people out there, it creates a climate of
yourself as you have been on the ground for a few days? has the city of athens been calm or a volatile atmosphere? all of that video that you see of the protests happens in one square in front of the parliament in front of the parliament, which is on the other side and ministry of finance on the other side. you can get as many as 30,000 people in that area. but every night there are hundreds and hundreds of protesters, many times thousands of protester. they show up every single evening and, in fact, some people are living on that square. several hundred people in a tent city. they have been there for 24 days protesting these austerity measure. what is so tough is that these austerity measures, martin, are going to be imposed no matter what. they can either impose themselves receives or be imposed by the external markets because greece as an economy, just doesn t grow enough, doesn t generate enough tax revenue to pay its bills. you could forgive greece, all of