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Problems could destabilize the global economy. it was a similar scene unfortunately on wall street. the dow opened for the day after a 200 point plunge. that s the biggest drop in more than three months. martha stewart is expected to testify in a trial today. pitting some of the retail world s most powerful retail players. the case revolves around a deal martha stewart signed with jcpenney to sell her goods there. macy is suing both, claiming that deal violates the agreement that macy s had with stewart to be stewart s exclusive seller. first off, we want to say this, if you enjoy ikea meatball in the u.s., they re just fine. but not the case in 21 european countries where ikea meatballs have been pulled from the shelves because they may contain horse meat. have been pulled now that horse meat has been found in frozen foods where they were supposed ....
up right now, and that s a good sign considering we re more than halfway through the trading day. you are seeing stocks rally on good economic news of the jobless claims numbers fell last week and we got strong corporate earnings from a bellwether company, cisco system, and you are seeing wall street focus on the positive today and we are seeing the bargain hunting going on as well, and you are seeing the bargain hunters getting in there and buying stocks up, randi. and the trader mthere with you, allen valdez. what about the first time they dropped below 4,000 for the first time in four weeks, and how much do you think that contributed to the rally we are seeing today? well, under 400,000 you know, that jobs number is probably the most important number for traders. it really is. we watch that number on a weekly basis. and this economy is powered by consumer spending, so if the consumer is not working he is not spending. anything under 400,000, they re not spendin ....
london as police struggle to take back control of their streets. now americans are being urged to use caution when traveling around the city. good morning again. i m carol costello. three members of the congressional super committee have been chosen. nine more to go. there are 12. they will have 90 days to come up with $1.5 trillion in spending cuts. the selections and reaction to them on this american morning. all right. good morning, it is wednesday august 10th. ali is off today after working i think 15 or 16 straight days covering the markets and all that. more on the markets and the economy in just a moment. you seem a little short today. i know. i have a high chair. i think so. i like that. you re taller than i am, carol. good morning. i m carol costello. actually we have to talk about this first, london is burning a fourth night of looting and violence in the streets, parts of london resemble a war zone with burned out buildings and destruction. ....
Pack stab authorities released a contractor accused of killing two men after someone paid the victims families more than two million dollars. the new york sometimes says four journalists including a writer have gone missing while reporting on the violence in libya. a dreadful day on wall street as concerns about japan, the middle east, european debt and the economy raised in a 240 point plunge. now back to hardball. during this lent we are especially conscious of the grave sins of sexual abuse ....
Libya. a dreadful day on wall street as concerns about japan, the middle east, european debt and the economy raised in a 240 point plunge. now back to hardball. during this lent we are especially conscious of the grave sins of sexual abuse committed against minors, in particular by members of the clergy. we experience the need to ask god s forgiveness repeatedly in our liturgy and to offer prayers of reparation for these sins, and for all the sins of the world. we re back now. that was cardinal justin ....