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the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european experiment. now, the market celebrated, that s for sure. this is not the final solut ....
erin burnett, and outfront tonight, we have breaking news. stocks surged, and the best day of the year and the best june in 13 years. lucky 13, i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel, too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european exp ....
tepco bows out as the world s largest energy company pays a record price. and they double on their market debut. ceo jeff weiner tells us there s no trouble in the media sector. we begin with the former imf managing director, strauss-kahn, who s expected to walk out of jail in a few hours from now, but he will not be a free man. the judge granted him bail on thursday but with strict conditions and a warning. and even as the judge was approving the bail request, grand jury indicted strauss-kahn on multiple felony charges including attempted rape. he s accused of attacking a maid last saturday at a manhattan hotel. he denies it. he has to post a $1 million in cash and a $5 million bond. he also has to agree to a 24-hour confinement and an armed guard at the door. he has to surrender his travel documents and agree to wear a monitoring device. the judge said, quote, we don t want his money. we just want to make sure that he comes back. so the top job of the imf has ....