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you may notice something is a little bit different. it s great to be here. the other side of the pobd. the same show, but a whole new show. yes. and you re here for as long as we can make this work. exactly. hopefully through the end of the week, at least. so much going on. you really feel like in london there is so much going on in financial reform. huge headlines about jpmorgan. so plenty to cover. i m thrilled you re with us. that s the new format, kelly and i for the rest the future. coming up, the first installment of our trade link series. and in berlin, angela merkel s party suffers defeat. silvia will tell us what it can mean for the german leader. china releases billions of dollars in to the economy after delivering a 50 basis point cut in the bank of reserve requirement ratio. we ll have the details. gr and jpmorgan ceo says its $2 billion loss is not life threatening for the bank, but will the market agree. also greece s president will att ....
protesters pelted the delegation with eggs and tomatoes saying its members were too close to president bashar al assad. dissidents also say syrian forces killed 25 people across syria on wednesday. news corp. executive is preparing for his second appearance between british mps today. they suspect he misled them when testifying with his father, rupert, in july. police officials say 4,000 people may have had their phones hacked. those are the top stories from cnn, the world s news leader. i m monita rajpal. world business today starts right now. we are in one of those defining moments where we either unite or face irrelevant convenience. europe at the cross roads. t good morning from cnn london, i m nina dos santos. you re watching world business today. every time we think that we ve reached the pits of the european debt debacle it seems as though another event serves to remind us there s no quick fix here for the moment. the markets continue to take yet ano ....
good morning to you. happy monday, november 7th. this is your a.m. wake-up call. i m carol costello joining you live from new york this morning. prime minister george papandreou is meeting with the leader of the main opposition party after agreeing to step down. on the table who will be the next prime minister after both sides agree to form a unity government? the new government is expected to approve a $178 billion bailout package aimed at preventing greece from defaulting on its massive debt. cnn s diana magnay explains how it went down. reporter: it was a day of intense political wrangling in athens as the leaders of the two main parties fought tooth and nail over the formation of a new government. finally they came together in a late night meeting with the president. the reporters waited outside. after one and a half hour, a written statement delivered through the bars of the palace gate, a statement that a new government will be formed to tide the country thr ....