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Transcripts For CNNW CNN Newsroom 20110818

europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out of stocks and back into into, you know, safer investments, but, really, it all started in europe. let s go there, richard quest. tell us what you did. we had a pretty awful day on the european markets. the dax in germany, main index in germany was off by 6%. by the close, all the major european markets down 4%, 4.5% and 5%. and the real reason, very much following on your theme, having had fear, worry and concern. now there are facts, and they may not be very strong facts, but as we will show

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Transcripts For CNNW CNN Newsroom 20110801

9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could see the beginning of the end of the debt crisis. it s been the issue in washington for weeks. and you re probably tired of the finger pointing and doomsday predictions. today, that could all come to an end if the house and senate approve a compromised plan. the deal identifies about $1 trillion in spending cuts over ten years and raises the debt ceiling by about the same amount. bipartisan committee must find ways to trim another trillion a, a so-called deficit posse. the president and house spea

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