what s going on. kate, in a word, europe. investors worry countries face the same fate as cyprus. today, it became the fifth euro zone nation to get a bailout to drastically higher taxes, bank closures, and layoffs following in the steps of greece, ireland, portugal, and spain. the who s next syndrome rattled marketed across europe and the u.s. back off a record high which closed down about 54 points. look who s in afghanistan, secretary of state john kerry s previously unannounced visit come comes on the same day the u.s. transport control of a major detention facility to the afghans. afghan president hamid karzai says he was misinterpreted a couple weeks ago when he accused the u.s. of working with the taliban. nicolas sarkozy calls his latest legal problems unfair and unfounded. a prince judge puts sarkozy under formal investigation for breach of trust, accusing him of taking advantage of an elderly
politics, ordinary spaniards feel the pain. and the french president says it was a mistake for greece to join the euro. first off, let s go straight to the european stock markets and see how they re faring at the minute. we re seeing a higher open and that in turn follows rallies on thursday after that crucial deal was reached at the eu summit in brussels. we ll bring you the numbers in a moment s time. first up, let s tell you what s making news across the region. in particular, it is the french president, mr. nicolas sarkozy. in an interview on thursday, sarkozy said allowing greece into the euro zone was, it seems, a mistake. greece ended with false economic figures. it was not ready to do so. sarkozy spoke with the chinese president, hu jintao on thursday to assess china s reaction to the eu deal. we had spanish jobless figures being released a few moments ago. what we know is the spanish jobless rate has risen to 21.52%. so 21.5% across this euro zone nation. this me
at least four people are dead and another 24 injured in a blast. officials are calling it a terrorist attack by an unknown group carried out with a homemade ammonium night trait bomb. experts are on on the scene and police have cordoned off the area. there s been a bombing in the city of qatar. the senior police official says 11 were killed when a suicide bomber blew himself up. another 20 were bounded. the city has seen many attacks in a taliban cam been it destabilize the government. talks to hand over control of a lebian town have seem to have broken down. reb be forces surrounding bani walid say gadhafi supporters have until saturday to surrender. four have been killed in mastiff wildfires burning in texas. more than 700 homes have been destroyed. the largest fire is this one near the city of austin. winds died down enough tuesday to allow teams to go in and check out some of the damage to the areas. those are the top stories from cnn, the world news leader. i m zain
weekend. markets around the world are falling. this will have a direct effect on your 401(k). i m ali velshi. the norway terror suspect who admits killing 93 on friday is expected to appear in court in the next hour. his lawyers says he ll explain himself. little comfort to a grieving nation trying to make sense of a massacre, on this american morning. good morning. it is monday, july 25th. this is american morning. a lot going on. let s get you right to it. glad you re back. it has been a very, very busy news time. it sure has. while you ve been gone. and they solved the debt crisis while i was away wrong. a new and powerful force is now entering the debt ceiling debate and as christine said it s the financial markets. the most important at this point. that s what it s about. the markets are down overseas in hong kong and japan, they closed down as efforts to reach an agreement in washington over the weekend failed and this morning, with just eight days