washington. interesting that videotape. i don t know if it will change anybody s mind. george zimmerman is due in court late next week for another bond hearing. in that video also he said that he first saw trayvon martin in front of the house that had been broken into a few weeks earlier. he said it was raining and trayvon stopped in front of the house. this was obviously somebody he recognized from previous incident in the neighborhood that s what he claimed. that there was, you know increased violence, and break-ins. i think a lot of people are not going to be able to get past the police saying we ll handle it. don t do anything further. right. right. he did. yeah. all right, all eyes on the stock market this morning. there is an economic bombshell from the service that rates all the big banks. moody s cut credit ratings of 15 financial institutions including the world s largest five banks. and american and european banks can maintain profits and grow, in the downgrade, war
trend. reporter: late thursday afternoon moody s credit rating agency issued downgrades for 15 major global banks, among them the top five u.s. bank, including bank of america, citigroup, goldman sachs, jpmorgan and morgan stanley. this does mean banks are about to go out of business, it s not 2008 all over again. banks were prepared for this downgrade, they ve known about it for a few months and they ve had time to tell their customers and trading partners about it. nonetheless, it is not good news for banks because it puts them in a weaker position in the world and u.s. economy were to continue its slowdown. it makes it more difficult and expensive for consumers to get loans on everything from cars to mortgages to small businesses. where does that put investors right now? all eyes turned to ben bernanke once again. he came out on wednesday with his assessment of the u.s. and said he s prepared to act and take decisive measures in the u.s. economy were to slow down. he s ready to ac
prepared to do that. the good news, if there s any, the banks got what they expected essentially. they knew this was coming and they prepared for it. they have recent safeguards in place. those were taken into account as well. basically when you downgrade a bank, it means they have to pay for more its debt and then there s the trickle down effect and we have to kind of pay for that. hate it when that happens. moody s has been doing this. in june it downgraded spain by three notches after downgraded 16 spanish lenders in may. it cut ratings on german lenders. moving on, jurors in the jerry sandusky case will begin their first full day of deliberations this morning but without one bombshell piece of information. just after the panel was sequestered, sandusky s adopted son, matt, revealed he was prepared to testify he had been
into the economy, he said he s prepared to do that. the good news, if there s any, the banks got what they expected essentially. they knew this was coming and they prepared for it. they have recent safeguards in place. basically when you downgrade a bank, it means they have to pay for more its debt and then there s the trickle down effect and we have to kind of pay for that. hate it when that happens. moody s has been doing this. in june it downgraded spain by three notches after downgraded 16 german lenders in main. moving on, jurors in the jerry sandusky case will begin their first full day of deliberations this morning but without one bombshell piece of information. just after the panel was sequestered, sandusky s adopted son, matt, revealed he was prepared to testify he had been abused as well. that was an about face since matt had repeatedly denied it in
bianna dole golodryga has that news. reporter: late thursday afternoon moody s credit rating agency issued downgrades for 15 major global banks, among them the top five u.s. bank, including bank of america, citigroup, goldman sachs, jpmorgan and morgan stanley. this does mean banks are about to go out of business, it s not 2008 all over again. banks were prepared for this downgrade, they ve known about it for a few months and they ve had time to tell their customers and trading partners about it. nonetheless, it is not good news for banks because it puts them in a weaker position if the world and u.s. economy were to continue its slowdown. it makes it more difficult and expensive for consumers to get loans on everything from cars to mortgages to small businesses. where does that put investors right now? all eyes turned to ben bernanke once again. he came out on wednesday with his assessment of the u.s. and said he s prepared to act and take decisive measures if the u.s. economy were