were killed when gunmen fired on a check point. representatives from around the world are meeting right now in london to discuss somalia. the country has been mired in war and famine for more than 20 years. british prime minister david cameron is hosting the meeting to promote a global resolution to the situation. i m max foster, world business today starts right now. good morning from cnn london, i m charles hodson. and good evening from cnn hong kong. i m pauline choiu. this is world business today, the top stories this day, japan appears willing to lend a hand to europe despite its own daunting debt pile. a falling out at the top of the gambling empire, bribery allegations drive two long-term business partners apart. a stampede into lin sanity. one company had the financial for site to buy in two years ago and has walked in with a bargain. they re not soaring and they re not slumping, but there is a perceptible lethargy on the markets as investors say tuesday
last week, you bet this is a very different mood. i m joined by aaron. tell me exactly where the momentum is coming from today. well, you know, i think a lot of it s coming from the sellers being squeezed. leaving here friday there were $16 billion shorts in the euros alone. a lot of people are rushing to cover their shores there s a lot of short covering going on. we heard good news over the weekend from the ecb, basically helping out the european zone countries, as well as greece, right? sure. that s like t.a.r.p. 2. that $1 trillion is going to go a long way to help people out, no question about it. that eased a lot of minds down here. at least for the short term, that s for sure. what about the idea that spread of contagion? is that sort of still in the markets? the problem is, it s $1 trillion and you have 16 euro countries voting on this. it s spain, portugal, italy. we don t know where the money s going to come from. there s still that threat of contagion going forward
park new york city for you. thanks to chopper 4. time now to get a check on. the top of the rock. by the way, chris leicht is out there somewhere on the upper west side. chris is doing very well. yes, is he. he sounds like he s happy to be home. he s happy not to be here. come on. i think he wants to be here. i don t know. let s get a check on business before the bell. erin burnett is live at the new york stock exchange. erin, what s happening in greece? and how is it going to impact elections in utah? yeah. or the stock market. here we go. i ll save my comment about joe s sartorial splendor for later on. let s start with greece. so we have a trillion dollars or just close to it package announced. 16 euro countries were apparently in one room for 14 hours and hammer this had out. that would make hurting cats look easy. never mind how bad it smelled
let s talk a about a story coming out of the greece, protests spilling into the streets of athens. european leaders are working to try to stem the tide there. the 16 euro nations should have a defense in place by the time the financial markets open. take a look at this. there are similarities between greece and united states. a toxic recipe of rising unemployment, a major increase in government jobs, ballooning debt and expensive union benefits. so what week do to keep it from happening here? joining me is ceo of rice. bob rice is joining us.
Detailed text transcripts for TV channel - CNN - 20100228:20:35:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.