. >>> for now we go to charlie dagata watching the dramatic advance from london. charlie, good morning to you. >> good morning to you, terrell. the drama is still unfolding. as you saw from alex's report. rebel say forces loyal to moammar gadhafi are still in control of about 20% of the capital. the reports libyan government tanks are shelling parts of central tripoli. european leaders are joining president obama in urging gadhafi to turn himself in to avoid more bloodshed. celebrations across libya stretched long into the night after rebels took over tripoli's historic green square. >> we are free! >> reporter: "god is great," he says, "we are free." they waved opposition flags and shot down symbols of libyan leader moammar gadhafi's power. "we have gotten rid of that tyrant" she says, "for 42 years we have been forced to be silent." government forces are still fighting rebels in parts of the capital. gadhafi's whereabouts are still unknown. in an audio broadcast on state tv, gadhafi dismissed the rebels as rats, insisted he was in tripoli and vowed to fight to th

charlie dagata is in london with the latest. good morning to you. >> reporter: good morning to you, terrell. european investors are bracing for another turbulent day on the markets as expected. britain, france, germany, all opened down this morning, following losses in the asian markets overnight. asian markets opened, teetered, then tumbled. japan's nikkei stocks average dropped 2.2%. hong kong's hang seng fell 3.9%. south korea hovered down 4%, after plummeting nearly 7% at one point. the european central bank threw italy and spain a lifeline when officials announced actively buying bonds, holding huge amounts of debts at bay until european partners can come up with more bailout money, but some analysts say they may not be enough. >> they need to ease monetary policy. they need to print money if they're going to try and engineer some sort of exit route out of this crisis. >> reporter: the big worry continues to be that italy and spain could go the way of greece. the country's been teetering on the brink of bankruptcy and cripp

charlie dagata has that part of the story, over to you. >> reporter: i hate to say it, here we go again. european markets slid back between 1% and 2%. investors are bracing for another bumpy ride to say the least, after huge losses yesterday and another back slide in asia overnight. asian stock markets sank again following thursday's big losses on wall street. japan's nikkei opened down 2.1%, hong kong's hang seng sled 2.4%. at one point south korean stocks tumbled more than 6%. analysts say there's still room to fall. >> we think that the full implications of the slowdown in growth in developed markets is not yet fully reflected. >> reporter: a barrage of bad economic reports collided with fresh worries about the health of european banks triggered a global sell-off in stocks. european markets suffered huge losses on thursday here in london, leading shares lost $100 billion in one day. european banks are taking the biggest hammering, plagued by continuing fears italy and spain may not be able to pay back the huge debts they owe. european traders say it's crucial governments start findin

charlie dagata has more. >> reporter: the investigation in london over hacking takes pace.ing and bribing police, the 11th arrest in the scantal that continues to entangle top executives from rupert murdoch's empire. he managed the tabloid for 22 years before resigning in 2009. he also wrote the checks, so he would have been the man to pay private detectives. it was the use of private detectives who were listening in illegally on voice mail messages at the core of the scandal. this arrest, like that of murdoch's london ceorebekah brooks before it, tightens the noose on james murdoch. he said at the time he thought it was an isolated incident, but lawyers for victims say hacking didn't just happen at murdoch's newspapers, it was rife throughout the british newspaper industry known as fleet street. >> questions have to be asked of everybody who was involved probably in fleet street from the mid 1990s onwards. >> reporter: cnn post piers morgan was the editor of "daily mirror" from 1996 to 2004. he's feeling the heat, categorically denied playing any part in phone hacking duri

cbs news correspondent charlie dagata is in london with the latest. charlie good morning to you. >> yes, we just had that announcement this morning from hamid karzai. 31 u.s. forces and seven afghan soldiers killed, one of the deadliest attacks. a nato chicago nook helicopter crashed in an anti-attack mission in kabul. the fighters shot down the helicopter with a rocket-propelled grenade. the chicago nook was carrying u.s. and afghan forces in the wardak region during an operation against a suspected taliban compound that started shortly after midnight. the chopper was struck, crashed in a valley. the deadly attack comes amid rising violence in afghanistan that happened in the tanji valley, region known for taliban activity. nighttime strikes are one of the most successful ways u.s. forces have to battle taliban hideouts but one of the most riskiest. >> charlie dagata reporting that 31 u.s. soldiers died after a helicopter crash in afghanistan. >>> the stunning news of the u.s. loadising its top notch crt rating. standard & poor's determined the deal d