Gains in the banks index. There was some build up there already. This chart shows the stress these banks have been under. Years for the main banks in italy. That purple line was the elephant in the room. It is a police thirdlargest bank. The credit default swaps and really spiked in the beginning of the year. They were up by about 100 this year. The orange line is unicredit, under stressnks and trying to come up with a fund to save the banks. Are 360 billion. It has put a lot of stress on the banks. Nonetheless a huge stress and the lending. Criticisms the big in europe is they have not done enough to clean up these bad loans on the books. Perhaps we are starting to see some progress on this. Causing a lot of anxiety. Alix the other countries really got it under control many years ago and they are late in doing this. The impact to see u. S. Stocks. We begin with market minutes. Major indexes closing at their session lows. A study dissent over the last hour of trading. Felt very much li
Im vinita nair. The monster blizzard that hit the east this weekend continues to claim lives. At least 26 people have died in eight states and washington, d. C. Some were in car accidents. Others suffered heart attacks while shoveling. A growing number have died from Carbon Monoxide poisoning in their homes and cars. Notable snow totals include 42 inches in glen garry, West Virginia and 26. 8 inches in new yorks central park, just a tenth of an inch short of the record. We have several reports on the cleanup, beginning in washington, d. C. With kris van cleave. Reporter the storm has stopped, and so has much of the nations capital. Theres no way a car could drive down side streets like this. Snowed in cars and feet of snow block the way. Pedestrians are still using main thoroughfares instead of icedover sidewalks. The airports are closed. So is d. C. s metro. Schools and the City Government will be closed tomorrow. Mayor muriel bowser. While we have made some progress, there is still a
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Showing us making huge, huge gains. And i feel confident that if we can win here in iowa, if we can win in new hampshire, and those are going to be tough races, i think we stand an excellent chance to win in South Carolina and in nevada. But if you look at the polling because i have been to South Carolina. We have a lot of momentum on the ground. Support. Frankly, i think we can win you have a new ad out this week which is you and the Simon Garfunkel song america. What does that ad mean for you . What that ad is about is to talk about the fact that as we come together as a country, and we have so much strength, so many extraordinary people, that as we come together as a people there is nothing we cannot accomplish. We are the wealthiest country in the history of the world. We should not have massive levels of income and wealth childhood povertiy, the only country on earth that doesnt guarantee paid family and medical leave. And when we come together that is what it is. Its a beautiful
His snow in central park. The mayor says students are headed back to class tomorrow. And vinita, more than 850 plows are still out, targesing the hardesthit areas. Jamie yuccas tonight. On the jersey shore, full moon high tides sent sea water and chunks of snow and ice flowing through the streets. Jericka duncan is in wildwood, new jersey. Reporter the water in wildwood is so high in some places cars cant get through. This gets to be a real mess in here. Reporter mayor Ernie Troiano drove us through the neighborhoods hit the hardest. He says this storms tides were higher than super storm sandys. Theres hundreds and hundreds of cars that were caught in these tides. Reporter marisa rigby returned today and found her car not working. We had beautiful snow for all of a few hours before it just became a river of icebergs. Reporter Restaurant Owner dave bannon spent sunday drying out. He says the water was up to a foot during the height of the storm. As you can see, the signs gone. When i ca