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Assessment of president are obama s security officials saying the situation in egypt could turn, quote, really ugly, and the next 24 to 48 hours will be critical. and egyptian television began reporting on deaths that five people were killed and another 829 hurt in yesterday s clashes between pro and anti-government demonstrators. more than 200 of those injuries occurred in just one hour of fighting. just about three hours ago, armed egyptian soldiers began forming a line between the two sides in an apparent attempt to keep the peace. let s talk to frederick pleitgen who is live from cairo. hello to you. the soldiers are trying to keep the peace. are they doing so so far today? reporter: all right, t.j. but it seemed for a short while that they might be able to do that. right now, what i m seeing from my vantage point, apparently, the two sides are sort of ....
Thank you. mixed economic news today. commerce department says the gross domestic product or gdp expanded at 2.5% annual rate in the third quarter. that is higher than the initial 2% estimate for july through september. the fdic says the list of the troubled banks rose in the quarter from 829 to 860. sales of previously owned homes were down 2% in october. stocks took a hit today, some analysts say in part due to the north korean situation and the asian market to it. the dow dropped 142. the s&p 500 lost 17. nasdaq was down 37. finally, the federal reserve, its officials downgraded their economic forecast for this year and next. new number, maximum of 2.5% and 3.6% respectively. senior political analyst brit hume is here to tell us what the fed prediction tells us ....
The proposed irish bail-out. people convince themselves when the i.m.f. bailed out greece, that was going to be the one country and that s it. we told you it wouldn t be. now as they get ready to save ireland, people are saying wait, wait, wait. when does this end? news, it doesn t! portugal will likely be the next one to fall. economists say portugal is past the tipping point but debt interest rate, the point of no return. if portugal falls, spain. the poster child for the green economy will be the next to collapse. all bets are off, gang. the dominoes are falling all over there. here at home isn t getting better either. the fdic says the list of troubled banks rose to 860 from 829 in the previous quarter. the debt ceiling issue is looming, which is particularly scary, because i don t know if the politicians are more worried about whether they are going to raise the debt ceiling and if that would be good for america. or if they should not raise ....
Kokomo, tonight. thank you. mixed economic news today. commerce department says the gross domestic product or gdp expanded at 2.5% annual rate in the third quarter. that is higher than the initial 2% estimate for july through september. the fdic says the list of the troubled banks rose in the quarter from 829 to 860. sales of previously owned homes were down 2% in october. stocks took a hit today, some analysts say in part due to the north korean situation and the asian market to it. the dow dropped 142. the s&p 500 lost 17. nasdaq was down 37. finally, the federal reserve, its officials downgraded their economic forecast for this year and next. new number, maximum of 2.5% and 3.6% respectively. senior political analyst brit hume is here to tell us what the fed prediction tells us ....
Medium-sized banks. they pay the price of the mistakes they made and the sense is that these guys don t pay the price. i think that s right. we don t want to go where we were before. anybody above that amount got the backstop from the government, we re not going to let you fail. everyone else had to fend for themselves. you re right. we don t want to add to that going forward. the differentials between large banks and small banks have increased as a result of this. the too big to fail for the backing of the institutions with the risk taking was very judgmental. so we think with the tools on resolution authority, we won t have that again. the process for the small banks going to be the same as it is for the big banks. we were talking yesterday on the panel. it was the fortune 50 most powerful women summits. we were talking about women and finance. you and i talked about this before, there aren t a lot of that. yeah. there they are right there. ....