a gold in october for the dax, leaping up by over 12% and some profit-taking in the end. understandable but also increasing skepticism. skepticism? why? there was a lot of hope that this would help the euro debt crisis along, but that help may be overdrawn. a lot of people are worried about how the decisions will be implemented. bank shares the worst performers, not only in the dax but elsewhere. >> frankfurt, let's take a look at the numbers now. germany's blue-chip dax closed the session down by 3.23%. the euro zone 50 following suit. across the atlantic's, the dow jones industrials in negative territory by more than 2%. >> 7 billion and counting. the world has reached a milestone. one of the babies from the philippines has been chosen to recognize the number. the 8 billion markets closer than you might think. >> she was born shortly -- shortly before midnight in the philippine capital of manila. yeah officials presented a cake to the proud officials. she represents a global population milestone, and unlike many of her peers in the philippines, she is already off to a p

dax thank you so much. >>> good to see you dax. >> catch dax and the entire team on fox 5 after the news>> yeah. >> over to you. >>> oh, boy. >>> if only we could clean ourselves. >>> a new muppet is joining sesame street the very real and all too common issue this characters will represent coming up next. >> you may have seen this video making its way across the internet of a woman hearing for the first time. tough to watch it without getting choked up now we have more on the device that made that possible. stay with us we will be back it is 9:37 a.m. [ male announcer ] does your cable company keep charging you more... and more... and more? stop paying so much for second best. upgrade to verizon fios and get tv, internet and phone for our best price -- just $89.99 a month guaranteed for two years with no annual contract required. go to verizon.com/greatprice and save $600 in your first two years with our best price online. fios is a 100% fiber-optic network that delivers superior picture quality, more hd, plus america's fastest, most consistent and most reliable internet. why k

the dax lost nearly 25% since july. that means that 30 major companies that make up the blue chip index lost a total of 183 billion euros in market value. the 15 major stocks that make up the euro stoxx 50 index scarcely did any better. traders are looking to the future hoping once markets have left this bad quarter behind them, things might pick up. >> a bronze of bad news rattled investors. our correspondent sent us this report from the frankfurt stock exchange. >> the economy is growing more slowly and in brazil, the economic outlook has been revised downward. consumer prices are rising so much that an interest-rate cut next week by european central bank becomes very improbable. then this afternoon the news came in in spain, three banks have been nationalized. this was too much for investors, they decided to sell stocks. in frankfurt, the shares of deutsche bank were sold. >> let's take a closer look at some of the market numbers. the dax finished almost two and a half% down. the euro stoxx 50 went down by one and a

the dax finished the week at 6346, up just a bit. euro stoxx 50 giving up some ground. the dow closed at the top of the hour, a close with modest gains finishing at 12,241 points. the euro is trading lower against the dollar. germany is expecting less debt than previously thought due to an accounting error. the state owned bad bank says that they miscalculated collateral for derivatives. as a result, german debt was 24.5 billion euros lower than previously announced. that means the overall debt was 83.2% of gdp. that is less than before the error was discovered. the end of an era in music publishing is fast approaching. the british record company emi is about to be broken up and sold. their owners, citigroup, are reportedly close to an agreement with a german company and warner music and how to divide up the spoils. they own the rights to act like the rolling stones, cold plate, and nor jones. warner is going for the recorded music division. the deal is expected to be announced next week. >> back over to megyn. >> thank you very much. the extraordinary stress faced by s

the dax managed to finish slightly lower at 6040 points. the euro stocks 50 fell over 1%. on wall street, the dow closed of the top of the hour, down by almost 1.75%. on currency markets, the euro trading at $1.3893. germany's biggest energy firm, ion, is reportedly interted in buying the portuguese government's stake in [unintelligible] but they are facing stiff competition from sectors in brazil and china. a 21% stake in edp is being sold as part of a bailout agreement between portugal, the eu, and the imf. portugal has committed itself to shrinking the size of the public sector and government control over the private sector. the privatization is attractive because of its large renewable energy assets in the u.s. and brazil. the pharmaceutical firm novartis will be cutting around 2000 jobs, mostly in switzerland and the united states, as it tries to cope with price cuts for drugs in europe and the u.s., and the strong swiss franc. the company reported 2.5 billion euros in profits for the third quarter and said sales were up 18%. novartis has already cut thousands of jobs

the dax went down by 0.5%. the european currency has been hit hard by these concerns and lost nearly 1 cents in half an hour. well the burning season shows that german companies are still on track, s.a.p. and merck reported results earlier this morning that beat expectations. >> we stake in frankfurt for the closing numbers wednesday. the dax finished down by 0.5%. the eurostoxx 50 also lower. the dow managed a nice gains, up by 1.4%. on currency markets, the euro trading slightly higher this hour at $1.39 down nine. -- $1.3909. the greek government is desperately looking to put an end to tax evasion using a marietta of loopholes. creeks have consistently held and their wealth from the government, but those days could be over. >> boats are docked in greece, but some of them are registered for away, in tax shelters in the caribbean. it is one trick wealthy greeks used to escape taxes. >> last year, only 17 people declared an income of over 1 million euros on their tax return. this year will probably be the same.

the dax is up. the main french index is up 4%. you can almost feel the relief that there was an agreement, even though the details are yet to emerge. i have been engaging some of the reaction around europe -- i have been gauging some of the reaction around europe. late in the night, agreement on how to ease the burden on greece and boost the rescue fund. >> the world wanted to see that we could stand the test of this deep economic crisis. i think, tonight, we have shown we have made the right decisions. >> i believe the result will be greeted with satisfaction by the world. >> today, i think we can close a chapter. i think we can now start to work on a new future for our country. >> in all the capitals involved, there's a filling the agreement has prevented a serious collapse of the economies. >> when a child is sick, the whole family suffers. that's why we have to react. this is not a crisis of the euro. this is a debt crisis and we have solved it. >> at the german parliament, there's a view that it was a triumph for german chanc

dax closing 2.2% -- up 2.2%. the dow industrials closed at 11,518, a gain of almost 1%. in currency markets, the euro trading at $1.3790. it is difficult to get a job if you are young and living in the united kingdom. u.k. unemployment is reached a 17-year high, and the nation's youth have been the hardest hit. the official figure came in at nearly 2.6 million people out of work. that is about 8.1% of the work force. the global economic slowdown and cuts in government spending are causing the high unemployment numbers, which will only intensify in the near future. as many as 300,000 public sector jobs are set to go. private-sector has so far been unable to make up for those losses. german chancellor angela merkel has our arrived in the capital of monthly as part of a two-day tour of asia to strengthen trading ties. she started in vietnam where she signed a strategic partnership and called for the country to open its trading policies. germany and vic -- germany is vietnam's's largest european trading partner -- germany is vietnam's largest european trading partner. in mon

. >> thank you guys good to see you. >> have a good day out there. >>> catch dax and the tmz crew rightere on fox 5 after the news edge at 6. >> we talk a lot about lyndsey lohan in and out of trouble but man, when your dad is -- >> did you ever notice the dad is needing attention whenever lyndsey is in the news. >> i think it is a step up any time she is in the news, he has to out shine her. >> how about good news, working for a charity. >> tony over to you. >> another famous father tony perkens. >> i think that theory is absolutely correct all right tucker alison thank you. >> coming up controversial vaccine for young girls recommended for young boys as well why experts believe boys should get the hpv vaccine. >>> first here is another look at today's trivia question, how many costume changes did elizabeth taylor make in the $37 million, 1963 motion picture extravaganza, cleopatra, 35, 45, 47, 105, answer up next back in a moment 9:38 a.m. q spots again. detergent alone doesn't fully dry your dishes. it leaves spots and residue behind. add finish jet-dry and they

the losses on the xetra dax are nar rogue.vestors do obviously seem to be get something kind of reaction to the bank's bailout, dexia's bailout. it is imagined when dexia shares resume trading they will probably -- well, we'll see what happened. they plunged by 4 % last week. i should imagine we might see some kind of bounce on that. this deal has been largely in the price for a while, andrew. >> yes, absolutely. charles, here in asia meanwhile, the mixed picture for the markets this monday. the nikkei closed today. the shanghai re-opening. it was off for the entire week last week for the golden week holiday, playing catch up. the catch up is all negative, down by 0.66%. the kpos its at a 2.5-year low. this is not so much about europe in china, though europe is playing its part. it's also about worries on china's own economy and whether that which is now the world's second biggest is on track for a hard landing. here in hong kong, the hang seng index made up about 1.5% or so in the past few minutes, it ended the day flat. cert

a half percent and hong kong european markets are trading higher this outgrowth of footsie and the dax. pussy's up point two percent the dax is point three percent higher this hour resources stocks in supporting the pulte would be p. up one percent in real time to gaining one point three percent on stronger commodity prices however banking stocks are shopping lower after moody's investor service downgraded twelve u.k. financial institutions chairs of all bank of scotland profi point eight percent goal lloyds is down three point six percent on the news and russian markets are gaining this here as it is up nearly three percent and i'm isaacs is gaining over two and a half percent now let's have a look at some individual shovels on the rise of metal stocks among the main gain is this our m.k. is nearly five percent while metro is running five point three percent and will cause also on the rise the company plans to invest almost twenty billion dollars on refinery upgrades in ten years. so there's another nod towards the end game for greece and other countries survival of the eurozone saxo

on the dax chemical form lindy's being over two percent as it confirmed its full year outlook here in russia markets in all as strong as they were at the start of the trading session on friday but the r.t.s. is up almost one percent. is up just a lot this hour let's take a look at some individual share moves on the rise it's not energy majors on the rise with gaining over two percent and some banking stocks are also up with russia's second largest lender bt beat one point three percent three percent in the black bucking the trend ago is metal minet and then kate the company has posted a two hundred eighty six million dollars net loss in the third quarter of the year that's according to russian accounting standards. and russia's biggest so the mind of poly metal has price of shares at the lower end of the initial range ahead of its london i.p.o. the price per share has been set at around forty dollars meaning the whole company would be valued at five and a half billion dollars the placement is part of calling metals effort to get better access to foreign imports. and disney's to become

russia's burbank is considering buying the turkish unit of troubled french belgian group that dexia dax is struggling to cope with its exposure to greek debt has is considering an asset sale sources burbank's say the deciding factor will be the price of the surge but the acquisition would be consistent with the bank's well publicized plan to expand in central and eastern europe. and other news russia's top diamond producer plans to hold an i.p.o. at the end of twenty twelve soon after vice president of are also eager to says the company plans to privatized the seven to ten percent of the company he also says are also restructuring now in preparation for listing and promises to show fantastic results. appear to get to know when news pre-crisis volatile time we are in the ideal situation we are sitting on a big stack of money capitalization is better than before the two thousand and eight crisis and all sales volumes show a champions performance in the coming days we will publish our two thousand and eleven first half report and we will post such figures as the company has never seen in i

is still two percent in the black all the dax chemical from linda is gaining over two percent as it kind of permits for their outlook. and here in russia markets are not as strong as they were at the start of the trading session they're mixed right now the r.t.s. is point seven percent and i'm isaacs is just annoying and the red let's take a look at some individual shambles lows and you major is are up with gaining one and a half percent drug maker from standard is also on the rise the company's sales rose by third by a third during the first nine months of the year and metal miner m k is down that the company has posted at two hundred eighty six nearly. dahlan met last quarter here. russia's biggest sewer line importing metal has priced to chairs at the lower end of a missile range ahead of its london i.p.o. price per share has been set at around forty dollars being the whole company would be found at five and a half dollars the placement is part of putting metals efforts to get better access to foreign investors. and russia russia's richest man doesn't listen has one and all to buy the

summit drugmaker company and is the top win on the dax with the shares up more than five percent also the company reported strong poor silly profits and traders pretty fin in russia ahead of this summit that we've mentioned many times already in the program of course the r.t.s. however is up two point two percent this hour my six also strong two and a half percent. if we look at the main movers on the in my sixteen saw energy companies cross nafta is gaining after a reported enormous twenty six percent increase in net for the first nine months of the year emera scale energy holding is also up its first off net profit rose fifty one percent to eight hundred fifty six million dollars but weaker than the market is electronics retailer and video the company else failed to agree on the merger with its rival eldorado. in other news around one hundred russian insurance companies could be forced out of business next year due to new capital requirements doesn't from january company must have at least four million dollars however and the say the loss of a sixth of the country's insurers will no

the reaction of pretty much on thursday drug maker company merck was one of the top gainers on the dax in frankfurt shares up seven percent culture it will close its strong course of the turnings and here's the close in russia much more rosier than anywhere else the r.t.s. up two percent my six to hoffa said if you look at the individual stock movers on the my sex roles navigating author of course an almost twenty six percent increase in net profit for the first nine months of the year energy holding m i risk a also up on positive results bucking the trends out of tanishq retail and video the company has failed to agree on the merger with its rival overbroad. the markets are you know quite buoyant today you know basically there's a sort of positive noises coming out of the e.u. summit in addition to that the oil price is still hanging above all hundred ten dollars which is quite strong and good signals from china that it may ease it's a monetary policy which is encouraging and later in the day the market down another boost from better than expected durable goods orders coming out of th

european stocks are positive this hour the footsie is up by a quarter of a percent the dax point four percent higher investors are still of course and waiting for the outcome of the e.u. summit drugmaker company is the top win on the dax with the shares up more than five percent after the company reported strong or silly profits and trade is pretty fair in russia through ahead of this summit that we've mentioned many times already in the program of course the ideas however is upward two point two percent this out of my six also strong two and a half percent. if we look at the main movers on the nice extremes are energy companies cross nafta is gaining after a reported an almost twenty six percent increase in net for the first nine months of the year emera scale energy holding is also up its first half their profit rose fifty one percent to eight hundred fifty six million dollars but weaker than the market is electronics retailer and video the company has failed to agree on the merger with its rival eldorado. in other news around one hundred russian insurance companies could be forced

than four percent following declines in europe stocks in europe close in the red with a foot in the dax ending over involved one and a half one one half percent for the puts in two point three percent for the dax banks and miners among the biggest decline is as commodity prices fell shares of hedge fund manager man group four point nine percent the world bank of scotland and lloyds banking group both lost over six percent and here in russia stocks closed in the red for the first time four days on monday crude oil and metal spells hurting the outlook for companies in the world's biggest energy exporter and if gainey could she was a from alpha capital says investors are now in a profit taking mood. following a roll of the recent crew for weeks when major markets were hard by a twenty to thirty oh no final source and some correction so we think it is not true for continuation of a healthy market growth for us to grow by four percent or so. we have seen some positive done. stocks in the russian market market is correct rhinoceros a portion of profit taking people just don't want to buy at s

the ftse and dax trading higher whereas stocks in paris and zurich are trending ever so slightly lower. >>> well, felicia, here in brussels, big question that's also on the minds of people in 26 other capital cities across the eu is whether these countries' leaders will actually come to that crucial agreement later on today. here's what i've been hearing so far from the belgian capital. >> i hope on wednesday the summit will, in fact, agree on a very concise response. but the change will enable us. because this is good. >> let me just stop you there because you said we hope. a lot of other people are saying you will popefully have something in place. will you? >> i'm hopeful. >> translator: we must find a lasting solution to greece's problems and protect other cannot tris in the euro zone. these things must be done together. >> translator: the chancellor and i have have spent so much time on the phone and in meetings because this is crisis. the chancellor and i hope to bring about unified decisions. >> i'm quite sure there will be a solution. we need cooperation, and we need full agree

is up by a quarter of the said the dax is the percent high investors are waiting. for the details of european debt drug maker company merck is the top we're now in the dax with shares up over eight percent after the company strong earnings nokia is among the gainers which shares running more than two percent i have to be a mobile phone maker a world event due to begin in london on wednesday. russian stocks in the black in afternoon trading session as crude advances for the fourth day however as i said it's advance. trading volumes remain low as investors are waiting for some kind of decision to come out from europe if we look at the main movers on the telecoms provider ross telecom is gaining on news the company's buyback program could reach five hundred million dollars. k. holding is also up its first half net profit rose fifty one percent to reach almost a billion dollars bucking the trend is. video the company has failed to agree on the merger with its rival eldorado. headlines are next. no news today. these are the images the world has been seeing from the stre

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we were saying the dax was up by 3 1/2%. i doubted that. that is true.t is up by about 1% at the moment, the frankfurt market. it's fairly safe to say nicolas sarkozy has had better weekends than the one just part. not only was france beaten in the rugby world cup and more on that later, as well, but also on sunday, mr. sarkozy who as you remember recently became a father again, his proposal that the european central bank write a blank check to the european central bank was rejected by germany. more from jim bittermann. it does seem as if mr. sarkozy has suffered a bit of a setback in that he's had to give in to angela merkel. is that the way it's seen in france? >> reporter: well, a little bit, charles. i expect with fatherhood he probably comes unbalanced. it was a difficult week for a lot of the leaders and mr mr. sarkozy in particular and the run-in he had with a couple of british ministers including a prime minister basically saying they should stick their noses out of the eurozone affairs and he seems to have lost that one because he wanted to have

. >> let's give you a look at the market numbers starting off with the good ones, the blue chips dax finished over half of a percent index. the euro stoxx 50 went up just over 4%. the dow industrials took a dive and close to well over half a percent down. the hero, $1.37. -- the euro, $1.37. in north korea, the regime is oppressive and spends billions for military hardware while allowing millions to starts. here is a glimpse of the otherwise siccative country. >> there is no talk of north korea's problems here. officials lining up to open up the international trade fair and they are presenting their country as open for business. exhibitors are showing off the products that north korea has to offer, like medication. >> they started with pain relievers. we produce large amounts of aspirin and very low cost. now we have brought out a new product, a family health care kit that is very popular. >> visitors are interested in electronic devices which sometimes include products made in north korea. this player, for example. the fair's organizers say companies from 16 countries including germ

tmzs dax holt is live in laand why was she at the morgue, first of all?porter: she's having to do the community service. the judge, you know, is making her do. the think this s the other day she showed up late to the morgue and the coroner -- coroner was hot it happy about it. show didn't know the way in. if she can, gave her direction. today, she showed up 20 minutes early and wanted to make sure she was not late and she's legitimately freaked out about having to go back to jay. while i'm going to get there on tee, i'm not going to deliver cupcakes or burgers and doesn't want to step on any toes anymore. >> how nice of her. i don't think normal people get the chances. we undertanned you're reporting between x factor and the dancing of the stars, having something to do with a resto room? think about it. >> this is the tool water 2011. basically, x factor and dancing with the stars both film in cbs studios in l.a. and they're down the hall from each other. there is one bathroom that is in between the two of then that everyone uses. except x factor cleaned

one of the reasons why the dax is down to the tune of 0.66%. andrew? >> nina, no sign of the red arrows in this part of the world. take a look at the numbers. stocks up again. it is the sixth straight day for manufacture these markets now. on generally growing optimism that policymakers in the euro zone will come together with a plan that will actually work and try or at least take the euro zone out of its crisis threshold. looking at the numbers today if we can get them up, you'll see hong kong was the best performer, up by more than 2%, the nikkei up just under 1%, australia getting a lift as well. unemployment coming in slightly better than expected, dropping in australia. that happened markets there. nina? >>> let's go to wall street. stocks ending wednesday's session quite a bit higher. that was thanks to financial stocks that led some of the gains. >> stocks on wall street got a boost from europe wednesday. the major averages jumped the at open. this week there's a perception europe will come up with a backstop for the banks. financial shares led

it was down in the double digits earlier on last month and the cac 40 and dax down by about 15% so far this year. andrew, broadly speaking, ahead of that g20 finance minister's meeting in paris, things are looking optimistic where i am. >> good to see. certainly a lot more red arrows on this side of the world. one of the reasons there are red arrows is because big economic news came out of china today. it's the cpi numbers, which is inflation. it came in at 6.1% in september. now, that was less than forecast, they were forecasting 6.2%. it's down from 6.2% in the previous month. but still it is too high. way too high. beijing has been aiming for a rounded about 4%. one of the big problems, as you see in this picture, food. food prices are one of the key concerns for the government. talking about some of the sectors that we're moving here in asia. auto stocks, taking a hit today. a lot of the exporters getting more and more concerned about what's happening in europe and the slowdown there. that was reflected in stock prices today. honda down 2.3%, nissan 1.6%, toyota, 1.7%, all down bec

the dax finishing the day 3.5% higher. on wall street, the dow closed in positive territory. italians have taken to the streets again over their government austerity measures. the unions have launched a round of strikes hitting the country's railways. thousands of workers gathered in rome, protesting planned cuts and job losses. management will close its bus station at division of. the demonstrators called on the government to take concerted action to boost the economy. at a time when everybody is wearing the global economy will start shrinking, there -- the german car maker is pushing ahead. in the next few years, they will start assembling two additional models there. the company is investing 2 billion a year rose in the mercedes plant. >> that is always nice. the first two satellites have been launched into space. the project is designed to repeat what the you -- to compete with the u.s. gps system. the rocket blasted off after a 24-average delay. galileo's developer said the system is more reliable. potential applications range from search and rescue mission to more produ

stronger gains, as usual, these days for the dax and also for the cac 40 as well. of course, yesterday we did see the euro jumping about 2% against the u.s. dollar. it has waned slightly on friday's session. a lot of this moment in the stock markets and the currency markets is, of course, thanks to the last-minute deal that euro zone leaders managed to clinch in brussels about 24 hours ago. >>> asian investors still have their fingers on the buy button, following yesterday's breakthrough. the market's on track for their best week in nearly three years. ramy inocencio has the closing numbers and the major headlines out of the region. >> first off i want to tell you about a deal happening in china. we're talking about the deal in europe. that did happen with esfs. in china, no deal for clauhim. meantime in the smartphone wars, it turns out we have a new king. samsung toppled april until the third quarter to be the world's top smart phonemaker. the south korean electronic maker said it shipped 28 million handsets, compared to apple's 10 million. samsung says that's a

only by 2/3% of the xetra dax. worries over the european debt crisis clearly back to the fore.uation in europe seems to be going from bad to worse. not only did germany's finance minister pour cold water on the idea yesterday that a comprehensive plan to solve the debt crisis would be agreed this weekend, but more significantly the ratings agency moody's has warned it could slap france's aaa debt rating with a negative outlook. we're joining me now to take a look at all this is emily rubin. 24 hours ago we were sitting here wondering why the markets were so positive. now i suppose we have to wonder why they're so negative. >> yesterday we were talking about mixed messages. today there seems to be one clear message from moody's. that is it may review france's aaa rating and change it from stable to negative. it says france is among the weakest of countries with the aaa rating. why is this important now? clearly eu ministers have this deadline at the weekend to try to finalize a five-point plan that will finally put the eurozone crisis to bed. how can france back the eurozone mem

the german market -- >> germany's blue-chip dax locked in gains. the euro zone your stocks 50 also and posting -- posting impressive gains, finishing 4% higher. the dow closed at the top of the hour and also managed to lock in pretty good gains of 1.2%. on currency markets, the euro trading flat against the dollar at this hour. the eu commission has delivered a formal statement of the objection to the german exchange operated spelling out its concerns regarding their planned merger. it would create the world's biggest stock exchange. approval by antitrust authorities remains the biggest hurdle. the objections include concerns regarding how the deal would affect competition in areas such as products, market shares, security listings, and individual securities. the statement is the basis for negotiations between the commission and the two exchange operators, which will now be able to propose remedies. as we have seen investors have largely managed to struggle off a downgrade of italy's credit rating by moody's. the downgrade by moody's followed a sim

in germany the dax is down almost 2% and u.s. futures down almost 50 points. >>> new from overnight, we just learned police have one suspect in custody in connection with a double stabbing in the district. a man and woman were stabbed shortly after midnight in the 3200 block of connecticut avenue northwest. our crew was on the scene as police searched for clues. no word on what led to that stabbing or how seriously the victims were injured. >>> the search is on for the body of a missing woman after a plane crashed in the chesapeake bay. the plane crashed within three miles of smith island. the pilot and his elderly mother were on board. the pilot told police the two did make it out of the plane before it sank, but his mother died while they were in the water. the pilot was taken to the hospital. he's expected to make a full recovery. >>> the dulles rail project is reportedly as much as six months behind schedule despite project leaders saying it is on time. "the washington examiner" obtained an audit saying the project's contract

. >> let's take a look at their day's market action starting off in frankfurt where the blue chip daxfinished with gains of more than 3% up at 5645 points. the euro stoxx 50 following suit. it is up by more than 3%. the dow finished trading. it put on nice gains come up by 1.7%. on the currency markets, the euro is trading at $1.34. in a sign that the eurozone crisis is beginning to take its toll on europe's biggest economy, germany's economic industry says that industrial orders were down by 1.4% in august. this was the second monthly fall in a row. there was a bit of good news. foreign orders for german products increased marginally. that is your business update. >> it has been nearly 10 years since the start of the u.s.-led war in afghanistan. more than 130,000 foreign troops remain in that country, the majority from the united states. with the defense budget under pressure is, the u.s. and other nato countries are keen to reduce those numbers, but how fast should they go? that is what nato defense ministers have been discussing in brussels. >> hundreds rallied on the eve of the 10

the german stock index dax went deeply into the red. investors were encouraged to buy stocks despite a strong earnings reports for example of the stock exchange. the stocks ended the day on the downside. >> let's see just how far down stocks closed. it was not just frankfurt, the polls exchanges right across europe. things are not tragic over in the states. the dow was fairly flat but did enjoy a rally before closing. the euro is trading in positive territory. officials from the european union are discussing a ban on credit regions -- credit ratings for countries that have been bailed out. critics claim the credit rating agencies for plunging beast debt ridden countries further into turmoil. some say it exacerbates market swings. >> rating agencies like standard and poor's wield huge power. their assessment of credit worthiness can raise a borrowing cost and further damage the country's ability to get spending under control. in brussels on thursday, the european commission suggested that it might began rating agencies from judging the c