>> clearly for berlusconi, there is no easy option. puts his own personal judicial travails ahead of the national interests, and very obvious way, this could play badly in public opinion. and, of course, berlusconi also has the possibility of bringing down the government, forcing new elections, but he'll have an eye on the opinion polls to see how the public would react to whatever he does in response to the sentence. it is a complex situation for him too. >> this all weaves into the political situation in terms of how far they are down the reform path. there has been enormous criticism that the reform process has been sluggish to this point. but on the other side of this is that's a positive for voters. voters have been negative on too much reform. >> yeah, i mean, this government actually, to be realistic, has very little chance pushing through any major reforms because it relies on the broad spectrum of the party system and of the electorate. anything very controversial to labor reform would have the veto of the left wing parliament

berlusconi appealed the ruling, saying it was politically motivated. a public prosecutors is asking the supreme court to uphold the conviction, but he recommended the ban from public office be reduced to three years. berlusconi's people of freedom party helps hold together the coalition government. and some italians fear if the judges rule against him, the government could be plunged into crisis. >>> investigators in spain say the driver of the train that derailed last week was talking on the phone at the time of the crash. the investigators made the announcement after analyzing information from the train's data recorders. the driver is under arrest following the accident on a high-speed railway line near santiago de compostela july 24th. the crash killed 79 passengers. he reportedly received a call to his work phone several minutes before the accident. he was apparently consulting a document during the conversation. the investigators say the train was traveling at 192 kilometers per hour shortly before the accident. they also say the brake was activat

. >>> this hour italy's former prime minister berlusconi also awaiting a verdict. it's his final appeal against a tax fraud conviction. if he loses he could be banned from public office. >>> it could be the largest jewel heist in history. >>> welcome to "around the world." >> was he a whistle blower or a traitor? we'll learn next hour where the army private first class bradley manning has been convicted or acquitted of leaking classified documents. >> he's accused of the biggest leak of classify information in this country's history. prosecutors called him a traitor. the founder of wikileakss, the site that published the documents said manning did the right thing. >> the statements he made he was willing to take that risk. he believes that the results are so important. we call those types of people that are willing to risk not be a martyr for all the rest of us, we call those people heroes. bradley manning is a hero. >> let's bring in barbara starr. always a pleasure to see you. 22 charges he initially faced. he plead guilty to a dozen of them. the big one yet to c

berlusconi is concerned. politics need to be put aside.'re hearing the right noises from both sides for the continuation of this coalition. right now neither party is in a position to shift that even lib rum. we have to take a message from the markets and strong option we saw yesterday. the country doesn't have to raise more debt until september. likely to be noise around this case, but ultimately the markets are immune to a political issue in italy and the broader eurozone, of course. waiting on the results of this case. back to you. >> nice weather to wait in, jules. thanks for that. >> absolutely. >> looks good. catch you a little bit later. german opposition leader criticized angela merkel's austerity drive and called for a plan b for struggling european economies. steinberg suggests funding stimulus measures with eu polls and a tax on financial transactions. the sdp leader says he wouldn't support further aid for greece. on the corporate side, facebook shares closed shy of its ipo price of $38 a share. the stock is now rallied more th

you know his highest court is hearing silvio berlusconi's challenge against a tax fraud conviction a lower court earlier sentence the billionaire former prime minister to four years behind bars but lawyers say he's unlikely to serve actual jail time berlusconi insists the charges against him as well as a separate case on hiring an under-age prostitute are politically motivated if the latest appeal is overturned he will face a long term ban from public office but tangibly plunging the governing coalition into crisis. and the collapse of the world's biggest fertiliser cartel has sent shock waves through an industry pushing down shares of potash producers worldwide by around the quo. her panic has been spreading on global stock markets since the russian giant or al qaida decided to pull out of a joint venture with isabella was based partner are just business correspondent katie building explains all of this occurred potentially result in lower food prices because farmers will pay less for their first eliza's. the store their pay less in the first rise is to grow their crops and also tho

you know is highest court is hearing silvio berlusconi's challenge again as a tax fraud conviction a lower court earlier sentence the billionaire a former prime minister to four years behind bars but lawyers say is unlikely to serve actual jail time berlusconi insists the charges against him as well as a separate case on hiring an underage prostitute are politically motivated if the latest appeal is overturned he will face a long term ban from public office potentially plunging the governing coalition into crisis. now the collapse of. the world's biggest fertilizer cartel has sent shock waves through industry pushing down shares in part producers worldwide by around a quarter panic has been spreading on the global stock market the russian giant or all carly decided to pull out of a joint venture with its bellerose based partner so explain to us why this is such a big deal here's our business correspondent. good to have you in the studio as always so do tell us why this is causing such a shock i mean it could be like an equivalent to say for example of saudi arabia dropping out of ope

suprema de italia escucho los argumentos finales en el juicio contra el ex primer ministro silvio berlusconieno, tonados en muchas partes del mendo, incluyendo el centro de los estados, la peor zona, de momento tenemos sistemas frontales, y condiciones que parecen otoÑo, Áreas de mal tiempo, indiana, kentucky, y el valle de tennessee, con tormentas fuertes, y acumulados de lluvia, hasta tres pulgadas incluyendo centro y sureste de missouri. >>> asociado, repito un Área de bajas, acÁ viene otro sistema frontal en el norte, un mapa de otoÑo parece, no verano, temperaturas mÍnimas de fargo, 56, en la zona de grandes lagos, 64 y 65, lo de montana, hasta el noreste de nueva york, una ola frÍa, el miÉrcoles prÓximo al sÁbado prÓximo, temperaturas de 39 a 49 por las noches, 56 a 60 por el dÍa "para ustedes chicago, maÑana 77 riesgo de lluvia, el tÍa estuvo nublado. posibilidad de lluvia para maÑana. todavÍa tormentas en el sur de la florida, centro y suroeste del caribe, con bastante lluvia, y estamos esperando la llegada de esta onda, los restos de dorÍan se mueve al oeste, podria continuar trayen

officials called nicholas effective.sarkozy they called berlusconi ineffective. karzai was described as weak and driven by parent nor you. quite he has revealed information to the public and other government that make it for us to carry out effective diplomacy. diplomatic activity and diplomacy is part of our national security. >> bradley manning was ordered to stand to hear the verdict. the military judge rejected the argument that because al qaeda could release on the internet he had aided the enemy. she felt him guilty of 19 other charges including espionage and computer fraud. >> not even his supporters doubt that he broke the law. while many in america see him as a traitor, to them he is a hero. >> of anything he has helped people inside and outside the united states. he aided the people, not the anomie. >> we believe he is not guilty of anything and he is heroic for demanding government transparency and accountability. important.critically anyone who published secrets on the internet or on television or in a newspaper could be guilty of treason. campaigners

scene from one snapshot there in cairo where the news sits allee's highest court hearing silvio berlusconi's challenge against a tax fraud conviction a lower court earlier sentenced the billionaire former prime minister to four years behind bars but lawyers say he's unlikely to see actual jail time but it's gone he insists the case against him as well as a separate charges he hired an underage prostitute politically motivated if the latest appeal is overturned he'll face a long term banned from public office potentially plunging the governing coalition into crisis. the most of the e.u. still in the grip of a recession it's the smallest banks that are taking the biggest hits barty's people all over the travel to a small german village to find out how one banker is managing to stay afloat less. it's not all big city banks with bailouts bonuses and big shots in rural germany this small town has all its financial needs taken care of by just one man you constantly announce a new or here we only concentrate on people from gams failed if you live ten kilometers away sorry you can't be a customer in

italy's highest court hearing silvio berlusconi's challenge against a tax fraud conviction a lower court earlier sentence the billionaire former problem is that of four years behind bars but lawyers say he's unlikely to serve actual jail term but a skelly insists the case against him as well as a separate charge of hired an underage prostitute are politically motivated if the latest appeals overturned you'll face a long term banned from public office potentially plunging the governing coalition into crisis. greek coast guard detained a boat loaded with heavy weaponry heading apparently for turkey and they've detained all six people on board one of the men a member of turkey's revolutionary people's liberation party front is wanted on several terrorist charges by several countries and other groups attacked several police stations since late last year and is suspected of the recent assault on the headquarters of to his ruling a k party with most of the e.u. still the group a recession it's the smallest banks that are taking the biggest hit multi-speed all of a trouble to one small village

italy's highest court hearing silvio berlusconi's challenge against a tax fraud conviction a lower court earlier sentenced the billionaire former prime minister to four years behind bars but lawyers say he's unlikely to serve actual jail time but his goalie insists the charges against him as well as a separate case about hiring an underage prostitute are politically motivated if the latest appeal is overturned he'll face a long term banned from public office potentially pledging the governing coalition in the crisis to. the collapse of the world's biggest fertiliser cartel essential way through the industry pushing down shares in potash producers worldwide by around a quarter panix been spreading on the global stock market since the russian giant your old carly decided to pull out of a joint venture with his brother with space partner at his business correspondent katie pilbeam explains. all of this occurred potentially result in lower food prices because farmers will pay less for their first eliza's. at the store their pay less in the first rise is to grow their crops and pulses discoun

. >>> this hour italy's former prime minister berlusconi also awaiting a verdict. it's his

we have weiner, if we could get silvio berlusconi to move to new york we would have three of them.r had a chance for redemption, add spitzer, turns this whole thing into a comedy central special. >> it's tough to take from a comedic point of view. spitzer does have credentials, he's incredibly bright about does that mean he will be forgiven? >> i do not like eliot spitzer, i think many of people cross paths with ellioiot spitzer fee the same way. new york city is facing a major budget crisis. he has many flaws as a human being. he kept an eye on overspending at the world trade center site -- >> well, i think it's really appalling, but i also think that what's really appalling is the physical state of new york city. this is a city where spending has increased by more than 50% under bloomberg, you have pension and benefit costs ballooning. that's something that he's very well suited to do. i don't love the guy, but he should be in the mix, he should be in the race. >> stephanie ratner, friend of eliot spitzer was on tv this morning. i have no problem watching sanford and weiner, why

>> there is the prime minister berlusconi. but nobody was mentioning him. it was all weiner pretty much. you can get cnn. you can get fox news. pretty much weinerville the entire time. which is weird. which is surreal when you're in this amazing place and the hills are alive with the sound of -- i know that's austria. you know what i mean. all of a sudden you come into your hotel room. >> turn it on and there's anthony. i don't know if he'll back out of the race. it just seems to me when you have, like, the top democrats in the party saying it's over, pack it up. and i think the feel -- >> because they want him, because they're afraid he might actually pull this off, or do you think there's any chance? >> oh, i don't think so. people are confronting him now at campaign events. voters are saying, like, if i had done what you did, i would be out of a job. i mean, they're going -- >> was it axelrod, david axelrod who basically said americans believe in second chances but not thirds. >> yeah. >> yeah. i did actually see the interview with huma. his wife. long s

. >>> we are awaiting a decision by italy's supreme court about whether it will uphold silvio berlusconi'sud conviction. the former italian prime minister was sentenced to four years in prison last october for tax fraud. >>> and the trial is underway now for a chinese factory worker accused of poisoning frozen dumplings that made ten people sick. he's accused of injecting pesticides into the food because he was unhappy with his pay and did not get along with his coworkers. jenna: dangerous. another train crash in europe to tell you about, the latest in a string of deadly accidents just this month. this time two trains collided head on while one driver, apparently, ignored a track signal. rickrick folbaum is live in our newsroom with more. unbelievable, rick, just the latest in a string of events. >> reporter: it has been a very dangerous month for train travel in europe. this latest crash in western switzerland, as you said, it was head on. two regional trains, one going south, one going north and one of the conductors was killed, at least 35 people injured. five of them seriously. and swi

between now and thursday it will rule whether sylvio berlusconi needs to go to jail for tax evasion andous problems for the italian coalition. we will keep an eye on that through the week. at the corporate level, chrysler here in the united states warned because of the cost of the jeep recall and also because it's not making the sort of sales it anticipated. so many of its launches are in the back half of the year. warning there, down 4%. the banks are a key focus in europe. kelly was you canning about the $9 billion rights issue for barclays. deutsche bank's results disappointed. their legal costs are ballooning, and bp also disappointed today. profits down more than expected around the world, and at the same time they are -- remember, it's now three years since they managed to stop the oil spill in the gulf of mexico. they are increasing their provisions for paying the victims of the spill. victims that are receiving money that the ceo believes, he believes may not be justified. last week they tried to stop it in court. today he's increased the provisions to over $42 billion. this is

will sylvilvio berlusconi be bad from public office or go to jail for tax evasion?s repercussions for the stability of the italian coalition. we're looking also at the european central bank meeting and the indication is mario draghi supports them publishing minutes of their meeting like the fed does. at the moment they just lock them away for 30 years. >> 30 years. >> transparency is not everything in central bank operations, as you know. >> true. i'm holding my tongue. we could have that debate another time. simon hobbs, thank you very much, sir. again, what the ecb is doing feeding into some of the stronger dollar strength we have been seeing. we'll get more from bob on that soon. >> yes, we will. in the meantime, iac's second quarter coming in better than expected. here with us is the ceo greg glatt along with julia boorstin. good morning to both of you. >> good morning. >> good morning. >> greg, revenue looked pretty good here, 17% growth. eps was in line. stocks not looking too favorably on it. were there -- was there hair on the quarter as far as you were conc