doesn t matter what california does about curbing global warming. what if it only matters what china does? coming up, we ll talk to one of the most provocative figures in climate science today in a climate watch conversation. good evening. i m valerie coleman-norris, in for belva davis. welcome to this week in northern california. joining me are will reisman, tom vacar and marisa lagos, political writer for the san francisco chronicle. you know, marisa, the state budget being passed, some people saying, my goodness. and on time. and on time. but were there still sticking points? the governor and the legislature weren t necessarily walking step by step. no, and this is, you know, the big sort of appropriations bill was passed today. we still have about 20 trailer bills that are going to need to be taken up. and the big sticking points that the governor and the legislator have been negotiating throughout this week really haven t been resolved. as late as friday, t
doesn t matter what california does about curbing global warming. what if it only matters what china does? coming up, we ll talk to one of the most provocative figures in climate science today in a climate watch conversation. good evening. i m valerie coleman-norris, in for belva davis. welcome to this week in northern california. joining me are will reisman, tom vacar and marisa lagos, political writer for the san francisco chronicle. you know, marisa, the state budget being passed, some people saying, my goodness. and on time. and on time. but were there still sticking points? the governor and the legislature weren t necessarily walking step by step. no, and this is, you know, the big sort of appropriations bill was passed today. we still have about 20 trailer bills that are going to need to be taken up. and the big sticking points that the governor and the legislator have been negotiating throughout this week really haven t been resolved. as late as friday, t
trade on. that s why you are seeing some of the volatility, because there s not one thing traders are trading on. what is interesting, you may have seen the dow dip into positive territory and it may have stayed there if it were not for hewlett packard. they are spinning off the personal computer business and killing the tablet. the shares are tumbling 20%. that s keeping the dow in the red. all right. of course as we mentioned, much of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being creamed by what is happening at the moment, by far and away being
of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being creamed by what is happening at the moment, by far and away being breutally attacked. and the german industry has made much from the exports and those promised to be hit by the u.s. slowdown and elsewhere in the world. putting it altogether for you, and as we look at the weekend, i cannot agree more with alison, and basically what we are seeing this afternoon is market exhaustion. people have literally just have been gasping there way. there will betrayeding because of triple witching. but by and larg
634-point plunge. right now, dow blue chips are up by 201 points. investors are psyched over today s fed meeting, and there s speculation it might announce a new stimulus. to boost the economy. president obama sits down with treasury secretary timothy geithner. that s happening this afternoon. they re going to size out the new market turmoil that is fearing that is fully feeding fear of double-dip recession. the president is promising to help a special congressional commission find a long-term fix for the finances. i intend to present my own recommendations over the coming weeks, on how we should proceed. and that committee will have this administration s full cooperation. and i assure you, we will stay on it until we get the job done. so, congress has to appoint the commission by next tuesday. that is just a week from today. the six democrats, and six republicans will have until november 23rd to come up with a plan. well, london will practically triple the number o