>> that's good. you have company in your office all day long and it's my daughter. >> kim is there all day long. >> i'm going to get you a beach towel. >> thank you. >> kris, it's been a pleasure. >> thank you. >> it's a large one. beach towel. >> kris, it's been a pleasure. >> thank you. >> it's a large one. i'm zain verjee at cnn in london. here are the top stories t. leaders of friend vp and germany say greece will not receive imf bailout money if there's any doubt to the rescue plan. they're frustrated with greece's decision to hold a referendum after the agreement was reached. george pap dre' oh insist they have a right. occupy protesters have shut down one of the busiest shipping

areas in the west. a general strike on wednesday forced many local businesses to close their doors. u.s. republicanal presidential candidate herman cain is facing more allegations of sexual harassment. the associated press is reporting a third woman has come forward saying cain made sexually suggestive remarks to her back in the 1990s. his campaign says the allegations are baseless. the arab league says syria agreed to end its crackdown on protesters, that's part of a wider initiative which calls for talks with the opposition. the announcement comes as more than two dozen people were reportedly killed in syria on wednesday. those are the top stories from cnn, the world's business leader. i'm zain verjee, "world business today" starts right now. good morning from cnn london, i'm nina dos santos,

this is "world business today." these are the top stories. smiles for the cameras at the group of 20 summit in cannes. behind the scenes the grim threat of a greek euro exit looms large. occupy oakland protesters have closed down one of america's busiest porlts. flooded factories in thailand are prompting concerns of a global laptop shortage. we'll check in with the manufacturing entrepreneur richard can later in the show. european markets are just started trading. let's take a look at how the asia pacific indices finished the session a short time ago. to do so we go to ramy inocencio who is joins us from hong kong with all the details and the numbers. it seems wherever you are in the world, investors can't shake those european jiters, can they? >> that's right. stock markets here did take another slide in the asia pacific as investors reacted to negative news out of the

eurozone. the nikkei was spared the sellout, closed for a public holiday in japan. the other major indices were dragged down. here the hang seng took the brunt of that, finishing down about 2.5%. hsbc holdings led those declines dropping more than 20%. china's biggest energy producer was t"the biggest loser" on the index. a similar story in seoul where the kospi finished 1.5% down. lg electronics was a big market mover there, but that was down, plunging 14% on speculation the company may have to sell some new shares. things were looking a little healthier in china. ending the session up just about .2%. there was positive news in the software sector there, lonovo's second quarter results did beat

expectations. its shares jumped here in hong kong 5%. the main australian benchmark was down here on thursday trade. several major bran, saying as the buyers treaded off concerns about europe's debt troubles. all in all we are looking at four days and four losses. we'll look ahead to friday to see if we can pull things up. volatility reigns supreme. ramy inocencio, thanks for the update there on the asian markets and how they fathered in today's session. let's look at wall street. stocks stateside bounced back after two days of sharp losses. one of the winners was news corporation. this stock was up about 1.25%. at the end of trading hours they announced earnings fell all loeft 5%. news corporation trades on the nads dak exchange which closed up by about 1.25%. the dow jones industrial average actually closed up about 1.5%.

so slightly stronger gains there, the s&p 500 closing up the best 1.6%. let's have a look at how the european stock markets are set to fair today. we've seen a bit of a lower opening as the numbers settle in the first four minutes of trading following, of course, yesterday's gains of about 1% to 2%. these markets markets moving up one day, down the next and volatility does reign supreme. first invest ergs will be watching what goes on at the g-20 summit in cannes as it gets under way. at the top of the agenda, these antagonists, angela merck curveball and nicolas sarkozy have been saying that greece won't be getting any financial support before its decision to hold a referendum. now we have a bit more detail about what that referendum, the shock decision to hold a referendum just two days ago could actually be. greece will be voting on whether it will decide to stay inside the eurozone.

the ballot could be held as of early december. we'll go live to cannes in just a moment's tile. let's have a look at how the european stock markets are fairing at the moment. in just the first five minutes of trading, take a look at these losses. we did come off gains in yet's session. what we've got at the moment is perhaps not just talk of a disorderly default but a eurozone without greece altogether that. is what really is ruining these markets in the first five minutes of trade. we also had the euro gaining more ground against the u.s. dollar despite the kind of situation we're seeing with regards to greece. again, perhaps some saying that a euro without greece inside the eurozone could be good for the single currency as a whole because it would take away a lot of the fears of contagion. let's get back to the topic at hand and the main story of the day. the first talk between leaders and the g-20 nations is about to get under way officially in

cannes today. they have two days to discuss a crisis that's been brewing for the first part of two years. cnn's ali velshi is covering the economic summit and he joins us live from the french riviera. seems as though clouds are on the horizon. the weather souring, the wind is picking up and people are getting awfully worried about greece, aren't they? >> reporter: there's -- there are clouds hanging over this. i have to tell you, the agenda for the g-20 prior to this greek debacle was actually quite quaint. it was stability and growth and banking and things like that. that has all entirely be overshadowed by the greek prime minister george popandreou to take this celebration that you covered in brussels to the greek people. it seems some facts as emerged. as you said, could be held on december 4th. that's five weeks of uncertainty and firm words from angela

merkel and nicolas sarkozy to say not another cent from the imf goes to greece until this uncertainty is settled. the other thing they have said is while this may not technically be a referendum on whether greece remains in the eurozone or not, that's the way the rest of the eurozone will read it. george popandreou saying exactly the same thing last night, this is very clear that this is a choice for the greek people as to whether or not they stay within the eurozone. the implications are great. a major economy hasn't defaulted in a major way or gone bankrupt since argentina. no one has left the eurozone. while the fear of contagion may be contained, nina, by greece leaving the eurozone, the bigger concern is that a sovereign government is not prepared to stand by its obligations. that's why we see continued weakness again or jitters, as you said earlier, in markets today. remarkable uncertainty hanging

over the g-20 and the conversation around here is not about all those side issues which were the main issues, it is all about greece and the failed attempt yesterday to pressure popandreou to drop this idea of a referendum, nina. >> one thing i distinctly remember and you probably notice there as well, ali, covering all this talk, the rhetoric has begun to change. so nine months ago, default was almost a dirty word. now we've even got the french president sarkozy saying perhaps they do have to assess whether greece will be a good eurozone part ner. it has changed. >> absolutely. there's a real sense of defending the euro and the eurozone at all costs. merkel and sarkozy talked yesterday about partnership within the eurozone. they were conciliatory but at the same time saying if someone or a member country is going to threaten the stability of the currency and the economic union, that maybe it is best for them

to leave. the language was certainly along the lines of greece is prepared to tackle this and do the difficult things necessary, the rest of europe will work together to keep greece within the your zone but the greeks themselves have to understand the consequences of voting against this october 27th pact to save euope. if they decide not to do so, they are going down a road that suggests they best not be part of the eurozone. quite separately the implications for greece of doing that, giving up the euro, perhaps going back to the drachma and dealing with the fact that nobody will lend greece money for years to go is quite dire. i think pap dre' oh is banking on the fact that these messages are being heard bithe greek people and they'll understand there are consequences to voting against this deal. >> they can't get pap dre' oh to back down about the referendum but they're trying to impress upon the people voting that no

to the eurozone would be a bad thing. >> right. >> many thanks for joining us from cannes where ali will be covering the summit for the next couple days. we're expecting to mary more from the two pro tag nifts, german chancellor angela merkel and frenchment nicolas sarkozy in just over an hour from now. we're expecting to hear from u.s. president barack obama who will speak as the g-20 gets under way. we'll bring you the coverage live. if you want to hear more about whether they can save the 11 hour bailout, check out my blog at cnn.com/biz360. greeks are worried about what lies ahead for their country and their own financial well-being. jim bolden has been talking to agent thennians joins us live from the greek capital.

quite a rift between popandreou and perhaps his own ministers who are caught wrong-footed by this referendum demand? >> reporter: i think it's getting a lot clearer that we seem to have what i would call a split between the finance minister and the prime minister. the finance minister saying in cannes last night that this is about the future of agrees and europe when others say if they agree to the referendum, it's only about the latest bailout agreement made in brussels last week. there is definitely a fundamental split. the finance ministry saying the minister won't speak on camera. let's see if that changes. other people are speaking and speaking a lot about this massive confusion here on the streets of athens. >> it's not about protests and riots this week in athens. the streets are peaceful. it's about why the prime minister, george popandreou, made the shock announcement late monday that he wants the greek

people to vote on the austerity package already agreed with the eu and imf. it's not just greece's eu partners who are perplexed, so are many athenians. >> very confused. we try together to talk about what happened with popandreou. we cannot answer you. we cannot answer you. >> i think that it is a desperate movement from the greek government. >> we don't have a choice. we have to follow what europe says. >> reporter: even some members of mr. popandreou's own party have criticized his plan for a referendum. this mp for athens and a member of the ruling party on tuesday pulled her support for the prime minister. she gave this statement to cnn on wednesday. >> the call for a referendum is

an erroneous political decision. it jeopardizes the efforts and the painful sacrifices that are made by the greek people. it puts a high risk in the european perspective of the country and also divides the nation. >> reporter: there are calls, some from within his own party for mr. popandreou to step down now and call for elections. instead, he has called for a confidence vote on his government. debate on the confidence motion is now under way. the vote is expected at the end of the week. the prime minister meanwhile has been summoned to the g-20 summit in cannes, france, to explain to the leaders of france and germany why he surprised them, surprised the markets -- so that confidence debate went late into the evening at the greek parliament. should be starting here again soon this morning. goes into tomorrow and friday night.

that's the first hurdle forl the prime minister, explaining the the members of parliament where he has a razor-thin majority of what he is doing and why he's doing it and will that government survive. we can't say that that will be the case come friday night. >> certainly a dramatic situation and a developing one. jim bolduan, many things for keeping us up to date. coming up, it's 22,500 miles awarnings but one of america's busiest ports are shut down. even the police say the protesters have a point. that's just ahead here on "world business today." [ dr. banholzer ] every once in awhile there's a moment where everything comes together. where there's magic. and you now understand what nature's been hiding. ♪ at dow we understand the difference between innovation and invention.

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busiest ports are shut down.

this was the scene in the

u.s. west coast city of oakland on wednesday. thousands of demonstrators protesting what they call economic injustice marched on the city's busy port. it also shut it down at one point. trucks were unable to enter or leave america's fifth biggest shipping hub. sea traffic was also stopped. the occupation came after a long day of protests across the city in what the organizers say was the first general strike in united states since back in 1946. many businesses in oakland's downtown area closed for the strike. the city government gave all workers permission to take the day off, all workers except the city's police officer. oakland police union expressed sympathy with protesters in an open letter to residents saying we, too, are the 99% fighting for better working conditions, fair treatment and the ability to provide a living for our children and also our families. a short time ago or very own dan simon reported from the

local headquarters inside downtown oakland. >> reporter: let me sort of show you what the scene looks like behind me. you can see all these tents here. remember these are the tents that were swept up about a week ago when police said these protesters could not be here in front of oakland city hall. since then they completely reversed their policy. they now say the protesters are welcome here. the city told its own workers if they wanted to be here, they could take a day off and come out an spend time with the protesters. the message here has been take the day off from work. we want there to be a general city strike. of course, we know what they're protesting. i think this sign basically encapsulates the message here, foreclose the 1%, the occupy the banks, we are the 99% from east oakland to the port, cairo to the bay, we demand an end to racist profit tearing, we demand banks be put in their place.

that's their message. they went in front of some of the banks here in downtown oakland, trying to get corporate america to change. that's really their message. obviously we're seeing these types of uprisings all through the united states. what impact this will have long-term we don't know. >> a little earlier on cnn's anderson cooper asked the filmmaker michael moore where the occupy protests were actually leading? >> this movement in the next year or two or few years is going to cry ate a democratic economic system. that's the most important thing. whatever we come up with, it has to have at its core, the american people are going to be the ones controlling this economy. we're going to have a say, a big say, this say in how this economy is run. >> plenty more to come on "world business today" including, as the death toll rises in flooded parts of thailand, the economic cost of the disaster is

mounting. we'll be live from bangkok with report from a disaster-hit industry whose troubles are already being felt around the world. stay with us here on cnn. if you've just signed up for medicare or will soon, there's no time like the present to consider all your health insurance options. does medicare alone meet your needs? would additional coverage be better for you? well, now is a good time to take a look at an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. get started by calling for your free information kit and guide to medicare. as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. a medicare supplement insurance plan helps cover some of it. that could save you up to thousands of dollars a year

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an aarp medicare supplement insurance plan could be an option to get the coverage you need at a competitive rate. so don't wait another minute. be sure to call today. call now for your free medicare guide and information kit about aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company. economy is run. world. in thailand the death toll from the flooding has reached a new high.

437 people are known to have been killed in the flood so far. the economic damage has also been huge for this country, especially in the manufacturing sector. thailand is actually the second biggest exporter of computer hard drive. the floods have led to a global shortage of laptops. joining us from bangkok to explain the situation is richard hann, the ceo of hann electronics manufacturing based in the city of bangkok. i understand, richard, you're in your own headquarters in bangkok which is surrounded by water. are you managing to keep your feet dry? >> yes, we really are now. outside my window, the main large motorway is a huge canal. this is a motorway that leads up to the old airport. this morning i came in by boat for the first time. >> are there many boats on the streets of bangkok now? i have heard anecdotally of people, friends and acquaintances actually going to

work by canoe now the situation is so bad. >> because of the situation in our factory, as you mentioned earlier, we've been flooded there for nearly three weeks. we've flown in six associated yack boats, these sort of rubber dinghies, so we're using those or some of those in our head office now to get about because we're actually like an island surrounded by water. the only way out is you walk in about weight height of this horrible water or get on the boat. large trucks can go through, army trucks and they're helping the people get to and fro. i've seen floating bathtubs. i've seen the old traditional wooden sand pan, the boat, i've seen every craft going up and down the road, the river. >> obviously we know that

there's been a devastating human cost for these floods, about 437 people killed so far as a result. you were just saying yourself how the water is getting dirty. it's becoming increasingly difficult to make sure that sanitation is proper and in place. is that also affecting your workers there? >> well, a lot of my workers have been affected. their homes have been flooded. and stories i'm hearing are really quite tragic. some of them have been under water now for nearly a month. you can imagine the stagnant water. what we've done is we tried to move people to hotels, hostels and so on and so forth to keep them out of the way. many of my staff simply just can't go home. don't even want to face going home. you can imagine this type of standard water sitting in your living room for months. it is dangerous and it's very, very unpleasant. >> richard han, thank you for joining us from bangkok where hopefully he's going to manage

to keep his feet dry. as he was saying there's water around his offices. it goes the highlight the devastating situation that we're continuing to see about three weeks on in thailand after those monsoon rains. now, as greece prepares for a referendum on whether it will stay inside the eurozone, our diana mag bay is in europe thinking about what others think act the problems. >> do you believe in the euro? >> not really. >> we'll bring you all the opinions from italy when we come back.

taking a look at the pre market action.

u.s. markets look set for a lower opening in just under five hours from now. this is where we stand at the moment, red arrows and some of the losses on the futures are pretty pronounced. in asia the nikkei fell to a three-week low amid on going fears about the eurozone's debt woes. we only saw the shanghai composite raising a modest .10%. the other markets down and it was the nikkei and the hang seng that took the heaviest tumble on that trading session yesterday. let's come back to the situation here in europe. stock markets have been trading for about 32 minutes now. what we're seeing is broadly speaking drops of around about 1% and 2% at the open. the latest numbers will come to you in just a moment's time. first let's tell you exactly why everybody is so worried. well, it is, again, you guessed it, europe. in particular people watching this g-20 summit in cannes which is set to kickoff officially

today. greece, as you imagine, top of the agenda. and these two self appointed saviors, chancellor angela merkel and french president nicolas sarkozy have been saying today and yesterday that greece won't be getting anymore financial support before its referendum. this after george popandreou, the greek prime minister's shock decision earlier in the week to call a referendum. we'll be live to germany about what everybody is thinking about that. first let's have a look at how this is affecting the european stock markets and taking a look at the numbers. the lows were down in excess of 2% at the start of trade. again at the back of all those concerns about what a eurozone referendum in greece could actually mean. still we have the heaviest losses coming from the two eurozone markets, in particular the dax and the cac 40 in paris at the moment. let's have a look at how the currency markets are doing. euro trading flat against the

dollar at 1.3687. the japanese yen weakening 78.04 as we can see at the moment. one of the forces behind europe's main rescue package is the german chancellor angela merkel. she's been given a strong warning tore a greek counterpart, accept the debt deal that we came to after various hours of negotiations in brussels this week or, put it this way, guys, you can forget the cash. cnn's fred plight kin joins us live from berlin. the german chancellor put a lot of political capital on the line to try to get the eurozone bailout done in brussels. >> it certainly was. as you saw at the press conference last night she didn't do much to withhold her anger from the public. one of the things she's getting a lot of praise for if you read the editorials in german newspapers for, one of the

things people have been waiting for is to see where would germany draw the line in the greek bailout. it seemed to a lot of people that germany kept making more concessions that then there would be no bad news coming out of greece consistently. now the big question is where was germany going to draw the line. certainly one of the things we heard from merkel last night is she was drawing the line. before this referendum goes through, there's not going to be any new cash paid out to the greeks. for the first time we heard these two leaders say that there was the real possibility of greece having to leave the eurozone if, in fact, this referendum did go the wrong way. it was very strong words. she is receiving a lot of praise for that here in the german media. certainly one of the interesting things that are happening is sam month the ranks of angela merkel's own political party and the party she's in the coalition with, the people that are skeptics in that party are starting to speak more than they have been over the past week or so after the compromise we saw

in brussels. there does seem to be a shift of gears here. a lot of people are happy with what angela merkel said last night. certainly people here very angry of what the greek prime minister did two days ago, nina. >> are you getting the feeling people would like to see a eurozone without greece? >> reporter: interesting you asked that. it seems tore more of a distinct possibility than it was before. before they would say we need to preserve the eurozone and keep greece inside as well. one of the things i've heard so many people when asking people here in germany, we don't want to pay for greece, but we do feel we have to. now that you've seen the german leader come out at a press conference at that cannes summit and said, listen, if bad comes to worse, there is a possibility that greece must leave the eurozone. we are not going to let this project die if greece is not willing to make these

concessions. that is certainly something that has resonated with a lot of people in the german public, also, as i said, with a lot of people in the german media. one of the things the germans are absolutely unequivocal about, they want to keep the euro pretty much at all costs. obviously the euro here in continental europe and in germany specifically is seeing something that is a political project as much as it is a financial project. obviously the germans are very much of the opinion that it was the euro and, of course, the whole process of european into grags, the euro being part of it. that is preserve peace here on this continent for such a long time. that's not something they're willing to give up easily. a lot of people are talking about the possibility of a eurozone without greece, certainly not talking about getting rid of the euro. >> interesting development, fred polite kin joining us. ahead of the g-20 the italian prime minister sylvia

berlusconi held an emergency meeting on budget reforms. partners have been pressuring italy to enact strict cost-cutting measures, the company's debt is more than $2.5 trillion and rising. when the european union was launched it was hoped it would boost commerce between member nations. now it seems as though the eurozone is more and more like a chain and that it's only as strong as its weakest link. diana magnay spoke to some people on the streets of milan in italy and here is what they had to say about the euro themselves. >> reporter: do you believe in the euro? >> not really. mabel in the few years there will be a different kind of europe, you know, and the xhe economy is changing so italy is not so strong, and if a few years maybe we will get lira back. >> would that be okay for you to get the lira back?

does the euro matter to you? >> no. because -- everyone has the idea of the future as a cosmopolitan universe, and it will be the best way to have just one money, but if we go back to the best, it's not so okay for us. >> do you feel the same? >> no. i think euro and europe is the only future we have in italy because we are not in a condition, and we cannot hope to go on without europe. i think this. >> reporter: how worried are you about your job prospects? sglt a serious problem to find a job in the future. an enormous problem.

i don't know what to do. and i don't know what you think but enormous problem. >> reporter: would you leave? are any of you thinking of leaving? if so, where would you go? >> i think studying philosophy maybe in germany or maybe spain, other countries, not italy. >> there is no money in italy. there is no opportunity or just a little opportunity. it's difficult. >> who do you feel is to blame for the problems that italy has right now? >> first of all, the government and the image we have in other countries all over the world, and this is the main problem, but also the way the government uses money, our taxes because

they don't put them in culture and in jobs, and they just use them to fix banks' problems and personal problems. >> a view there from the streets of milan, italy's financial capital. as talk of a eurozone without greece gathers momentum every single day, let's take a look at what a new drachma could actually be worth if it were ever to be reintroduced. this is a drachma note. we haven't seen one in circulation for the best part of a decade. greek joined the exchange rate mechanism back in 1998. two years later its currency was fixed to the euro at a level of 340 drachmas for every single one of these euro coins. analysts have been crunching the numbers of late. they found that greece could actually zero its own current account deficit, one of the bones of contention here when it comes to greece's financial

figures if it were to devalue the drachma from its current peg level to the euro by about 50%. however, that is assuming that the economic backdrop in greece doesn't worsen which as we well know every single day it is. given the current scenario analysts now say it's more likely that if greece were to go back to the drachma, it would probably have to be at least 120% weaker in real terms than the level at which greece actually joined the euro all those years ago. we must stress all this and these mathematics are purely hypothetical at this stage because we do have that referendum and the greeks also repeatedly said for the moment they're not considering leaving the eurozone. that situation could well change after that referendum on december 4th. he's feared as a notorious arms dealer. now the man some people are calling the merchant of death may spend the rest of his life in prison. a jury in the united states has thrown the book at rick about.

we'll have details of this sensational court case and what it means on "world business today" here on cnn. if you've recently signed up for medicare

or will soon, you're starting a whole new journey. and, like many people, you're probably wondering, where do i go from here? consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. call now for a free information kit and guide to medicare to get started. basically, medicare only covers about 80% of your part b medical expenses. the rest is up to you. a medicare supplement insurance plan helps cover some of those expenses. and that can save you up to thousands of dollars a year in out-of-pocket costs. plus, you can keep any doctor who accepts medicare patients. together with medicare, an aarp medicare supplement insurance plan could be the kind of coverage you're looking for. in fact, it could make a world of difference. call now for your free medicare guide and information kit

about aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company. welcome back. you're watching "world business today" live on cnn. he's been called the merchant of death, but vic tor about just got another title, he's been found guilty of an arms conspiracy plot. richard roth has more on where the case goes from here. >> viktor about's attorney failed to convince a new york jury, con viced on all four counts, including conspireing to kill americans which may result in a life sentence. >> we are very disappointed about this verdict, but the jury has spoken. this is definitely not the end

of the process for us. we intend to appeal. >> about, a russian national, was dubbed long ago the merchant of death. he has been accused by un investigators and governments of selling rules that fueled conflict from africa to afghanistan. this case came down to a different deal. about was arrested in bangkok after a multi-continent sting operation. the prosecutor told the jury that about believed he was selling web upons to colombian guerillas. instead they were drug enforcement agents. the evidence showed vic tor about would sell an arsenal that would be the envy of some countries. he aimed to sell them to terrorists. justice has been done and a very dangerous man will be behind bars. >> he believes this is not the end, he still has a chance. >> the defense called no witnesses and about never testified in his own defense. however about's voice was heard

in court through government-provided audio tapes. about's attorney contended about simply wanted to sell two airplanes to the government informants. in the end the jury believed about intended to raise more mayhem in south america. richard roth, cnn, new york. when we come back, if you've got an online presence and looking for work, you want to listen up to this. we've got hard numbers on how some recruiters are using your online info to decide whether or not you should be getting the job.

taking a look at the price of gold, it's currently down by .28%, trading at 1,730. one of the lns behind this is news that the federal reserve yesterday decided not to pump more money into the economy. welcome back. you're watching "world business today" live on cnn. in a wide world more people have an online social presence to reach out to their friends and family. the flip side is that more job recruiters are perusing those pages to get a clearer picture of their potential employees. in case you weren't nervous already, ramy inocencio is back with numbers that might make you look more closely at those online security settings. ramy, i'm prepared. tell me the worst. >> all right, nina. when you're at work, you want to put your best face forward.

with the prevalence of that online social media, it's increasingly important to remember that your online face is important, too. while the social media monitoring service called rep pler surveyed about 300 job recruiters. one of the biggest takeaways out of that, it turns out a whopping 91% of employers surveyed admitted they do troll the internet to screen potential employees. what are the most popular sites they check out? facebook, twitter and linkedin, facebook with about 3/4 of all recruiters looking at that page. twitter and linkedin coming in at about 50%. if the job recruiters don't like what they see, that could be bad news for you. this one number here, that really hammer that is point home right here. 69% of all employers surveyed said they have actually rejected a candidate for a job because of what they've posted online.

meantime, a quarter of respondents said they've never rejected someone because of what they posted. meantime, 5% said they don't use social networking sites at all to screen their employees. right here, this 69%, the most important reasons include lying about your qualifications or posting inappropriate comments or photos. thankfully it's not all about fear. on the bright side, an almost equal number of recruiters, about 68%, said they did hire because of things they saw online, positive personality, truth in job applications and showing off personal creativity. it's not all bad for job seekers, but definitely the potential for damage as you can see is clearly there. >> ramy, another interesting trend behind this. getting a job offer is one thing. but accepting that actual offer it seems doesn't hinge on the number of zeros offered on paycheck anymore. >> that seems to be the trend actually when it comes to millennials, people born between 1980 and 2000.

a new study by sysco polled about 2,000 people between 18 and 30 and found a couple interesting stats. two-thirds of all college students will ask an employer about the social media policies in a job interview. out of those, 56% of all respondents would actually say no, they would turn down a job from a company if that company banned social media or they would try to circumvent it. nina, one question for you, which is more important to you, access to facebook and twitter at work or getting paid more? >> i'm going to hold my cards close to my chest on that one, ramy. that's an interesting one. i'll decline to answer that live on air, but thank you very much for making me think about it. ramy inocencio there joining us. >> i can tell you one more fact. one-third of all millennials said social media freedom is actually more important than the money they make. back to you, nina.

>> another interesting point. gosh, what a hit replete with interesting statistics. i'm particularly surprised of that one about people not being allowed to use facebook. ramy inocencio, thanks for that. storm clouds over cannes in more ways than one as the g-20 summit begins today. jennifer delgado is standing by at the weather center. jennifer, i was in cannes myself a couple days ago. the weather was great. but it seems to have soured. >> ali velshi said it's raining over there. we're expecting heavier rainfall to work in as we go through today as well as tomorrow. here is the forecast. high temperatures 18 degrees with the storm clouds around. the would be is all this heavy rainfall coming from a frontal system. area of low pressure bringing a good amount of moisture. that means more of this rain is going to be causing problems with some flash flooding as well

as mudslides. the area that's going to be under the gun for this. we're talking about the south of france as well as western parts of itly, this is the moist air that will be coming through and bringing 100 millimeters with rainfall. with the threat of flash flooding, that's certainly enough to make sure to be cautious out there. the other big story we're following is coming out of the u.s., out of parts of colorado, wyoming and kansas, this area picked up a good amount of snowfall. let's go to the video to show you what it looks like through parts of denver. people breaking out the shovel and actually cleaning out the streets. this is the second time they've had some snow over the last ten days. some locations picked up 36 centimeters. luckily things have quieted down for parts of the u.s. overall it looks like what's left out of that system is just going to be producing some rain down towards the south with showers and thunderstorms. i have to tell you, nina, happy to report that we are allowed to

use facebook and twitter here at work. i don't think our work is holding that against us. >> jennifer delgado, as always, thanks very much for that weather update. that's it for this edition of "world business today." i'm nina dos santos. you're watching cnn, the world's news leader. we'll be back later on. -- captions by vitac -- www.vitac.com and open doors, seize opportunities, take action with some of the most powerful yet easy-to-use trading tools on the planet all built to help you maximize the potential of every dollar you invest. successful investing isn't done by throwing ideas against the wall and hoping. it's done by lowering your costs and raising your expectations by using unbiased research and powerful screeners to build a diversified portfolio with stocks, bonds, mutual funds, and every etf sold. and we'll help you every step of the way. with 5-star research and free education covering everything from the basics to advanced investing strategies.

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