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in the country this year. it spread overseas, rumors about it all day didn t happen until after the closing bell. there s the dow, down 2%. the big bank downgrades, including the biggest banks in europe, moody s saying that anybody with a lot of exposure to the credit markets, they were going to downgrade them. the banks one by one saying they disagree with the downgrades and some of the stocks are moving up a little bit. that s the bank part of it. banks are what pumps the oxygen through the financial system. when you have people worried talking about a slowing global economy, it caused all kinds of concerns. we re concerned about slowing numbers from china, from europe, from germany in particular. we had all kinds of macro economic data that was starting to show what many people feared that the global economy is slowing down. that means american factories are selling fewer things and american business owners are not hiring people because they are worried about the glo ....
plus, why rapists in the military are getting away with it. a bay area congresswoman taking the air force on front and center. jackie spear calling for new hearings on what she calls abuse of power. this morning, she s in the newsroom. and hot, hot, hot. the summer sizzler in full effect this morning. dangerously high heat and humidity making it feel as hot as 110 degrees from virginia all the way to southern maine. so sit back, get out the fan, stay cool. newsroom starts right now. announcer: this is cnn breaking news. we do start with this breaking news. for the first time, we re seeing video of george zimmerman describing the play-by-play of what happened the night he shotted trayvon martin. overnight, his defense attorneys released several police interrogation tapes. in one of them, zimmerman is re-enacting the fight for investigators just a day after the shooting in february showing how he says trayvon martin repeatedly slammed his head into the sidewalk. in ....
meeting between the president and his top party leaders in congress? reporter: as far as we know, the president is meeting right now with senate majority leader harry reid and with leader pelosi from the house, the leader of the minority in the house. and we don t have details on this yet, it s a closed press meeting, meaning we didn t even get our pool cameras inside to get a glimpse of this, but we know from a white house official that they are meeting here at the white house and we re hoping to get at least a notification when that all wraps up. white house officials saying this is to update the president on around these debt negotiations and what we re really seeing, and this is part of it is a flurry of negotiations going on and this all kind of follows some cab book i can theater playing out on the bill. we saw the house vote on the boehner bill and the senate picked it up and the boehner bill failed in the senate and we saw the house vote on the senate bill t r ....