dk down more than 2 pevrments off more than 7% at one point. it is now down about 4.5%. all of it tryingrd by new fear about the global economy and friday credit downgrade of the united states. today the dow fell 6 35 points. it is the sixth biggest point drop in history. >> any given day the ebb and flow of the stock market is about confidence. rate now there is no confidence. >>reporter: it's historic unnerving 1-2 punch. credit downgrade then a massive global stock market sell off. >> i think everyone feels nervous. i'm just hoping i have long enough runway before i have to the rae tire. >>reporter: more than 2 trillion dollars in stock market wealth wiped out thanks to uncertainty about the national debt and s&p downgrad downgrade. for the afternoon investor it's an expensive hit to the bottom line. 16 500 erased from the 401(k) statement. it is all adding to the economic gloom as the nation feels like it is slipping back toward recession. >> investors need to focus on the things they condition cell. those are how much money they spend. how much money they save. the

shuler has a special arrangement with the restaurant to vacuum pack and freeze half dk cooked pies.es 24 hours could keep it from thawing. he must have a huge freezer. >> right. and this is might to meet petey, a dog trending on you tube accord together owner he loves playing volleyball. hard to argue judging from the video, he's pretty good. petey can hit 32 volleys in a row. and his web site lists occupation as canine consultant. i'm sure he has a facebook page but he won't accept me as a friend. >> coming up at 4:30 looming battle over california'ses redistricting plan. maps starting a push to overturn them. >> bernie madoff's scheme had a lot of victims, today, a court ruled against them in the fight over the money. >> and here comes fog, again, we can see from our camera, so how does this affect our forecast? find nout just a moment. >>> they're work is done by a panel in california is under attack. >> some republican opponents are planning to file papers for a ballot initiative within the next half hour trying to throw out these new districts. nannette miranda is live in sacra

. >> now we're joined by the director of marketing for dk publishing. please start by telling us what the k publishing is. >> and illustrated reference publisher with offices all over the world and in the u.s. office we handle the distribution -- . >> it looks like you published a lot of the smithsonian bookspan macquarie do program a wonderful partnership in are happy to work with them and have some fantastic books. >> let's start with civil war. >> this is already been doing quite well. it came out this spring and was sit-in by jim barber and his is a beautiful visual history of the entire civil war pictures and artifacts puts you in the middle and gives you a sense of what it is like to be there. >> this one is the history of the earth's, a bad is bad the problems. [laughter] from volcanoes, earthquakes, as tsunamis, mudslides, all of the natural disasters that people see that they are worried about and the science and history behind them. >> another smithsonian title, time lines of history >> this is a beautiful visual guide that day's history out f

. >> as the election approaches and the expiez dk i been. >> charlie: i want to say with this idea now because what you were suggesting in par was what the simpson bowls recommended, it's what theang of six recommended and in part what the presint recommended that you give all the credit it seems to me to the think party. >> i think the tea party unquestionably changed the landscape. none of this would have happened none of this would havehappened without the change of the conversation in this capitol. like the president likes to say elections have consequences. that one d absent that, absent those 87 members who live in the house of representatives. they would not have dug in and made the debt ceiling increase anaction forcing chanism. >> charlie: were they prepared? were they prepared to hold, i'll use that word, country to their own demands so that, i know you're smiling. so that unless the president bowed to their wishes, there would be no extension of the debt ceiling. >> first. 95, i believe it was 95 democratic members of the house of representatives in the final vote voted agai

. >> rose: following packed are yogillette european sovereign dk center in the minds of investors around world and there is renewed mess pimp about the rate of u.s. economic growth. joining me from washington is greg ip with me here in new york. robert farzad, senior writer for "bloomberg businessweek." i am pleased to have both of them on this program on this friday. >> hi, how are you? >> rose: have you brought us bad news again? >> i'm jt looking at the tape right now. the market is sort of xed as we're speaking now. but, yeah, it's been another rough week in the markets and economy. >> rose: just for the viewers' sake it is 12 noon eastern time as we record this. go ahead. what's happening and what do you thk the forces at work are? >> i think the number one thing going on is the same thing that's been drag the marts down for several weeks now is people are recalbrighting their views on where the u.s. economy is going. if you asked people about a month or two ago how fast would the economy grow in the second half of the year, i probably would have heard 3%, and now they're saying mor

before tha in high school i wanted to be dk and lo gooin a prom dress or batng suit.. but after jaime's death i completely stepped away from tanng beds and ver went back. i know now,nning can cae people think tanni is safe. i don't think it'safe. u could die, just lik. this message is brought to you by the american academy of dermatology. travel advisories to small business loans. government car auctions to finding a new job, whether you have information to get or ideas to give, go to the official source, usa.gov