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Transcripts For CNNW World Business Today 20110524

canceled flights in scotland and northern england. mr. obama will be visiting buckingham palace where he ll spend two nights. the president left ireland for the uk ahead of schedule last night due to that cloud of volcanic ash. in the u.s., the tornado that blew through missouri has claimed 116 lives and left a trail of destruction. the u.s. national weather service says it was the most deadly tornado in more than 60 years. those are the headlines, i m zain vergee at cnn in london. world business today starts now. good morning from cnn london, i m charles hodson. and good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the top stories on tuesday, may 24th, under the weather, travel trouble looms as volcanic ash blows towards europe. meanwhile, investors on the continent have caught debt contagent fever. the scramble in the cockpit to save the airliner. they don t have ability to go anywhere. they don t have ability to

Detailed text transcripts for TV channel - CNN - 20110524:08:07:00

marker, that is the date of the japan quake and tsunami. we saw it climb back up over the course of a month up until april 8th. april 8th gold hit a record as well as oil hitting a high of 113 per barrel. gold was 1473 per ounce. for oil that s a price not seen since 2008 by the way, then we saw the markets start to fall. here, new gold set a record around april 19th. 1,500 ads nounsed. that hit the psychological barrier as investors pushed more money into the safe haven. over the past few weeks we ve been talking about the euro zone and those debt fears there. that s been second shock waves to the markets. that s where we re at now. a quick look at australia s asx as well. we see a similar picture here. march 11th, the quake there. we see the highs in commodity prices, gold and oil, along with the euro zone debt fears as

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