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pelley: good evening. this is one of those days when the economic picture seems so ominous that the stock market rallied on the bad news. investors seemed to think that if things are this precarious, surely the federal reserve will come to the rescue and european leaders will come to their senses. here at home, new claims for unemployment benefits were unexpectedly up today. spain and greece teetered on the edge of bankruptcy. and with that, the dow jumped more than 155 points to close a little over 12,651. it appeared to defy gravity specifically, the gravity of the worsening situation in europe. investors were so doubtful today about spain that its cost of borrowing nearly hit 7%, which the country cannot suffer for long. we have four reports on all of this tonight, and we will start with anthony mason with the looming crisis in europe. reporter: seven is not a lucky number for spain, whose borrowing costs have entered the danger zone. after greece, portugal, and ....
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