now frankfurter, do you know who i am? i said, yes sir, your name is felix frankfurter. uri justice of the supreme court. correct. do you know that i am a jew? yes, sir, the ambassador told me. i was excited. i knew this was a powerful man. everything, get a, jewish demands, you know, what i saw and then i came to the end. silence. then frankfurter gets up and starts to walk the room without a word. so when he went to the left [unintelligible] so i keep quiet. it took him three minutes, four minutes then frankfurter sits down and looking straight in my face says, "i remember every word, every gesture of this conversation after 40 years. mr. karski, a man like me talking to a man like you must be totally frank so i say i am unable to believe you." the ambassador breaks in and says, felix, you don't mean it. you cannot tell him to stay said he is a liar. felix, it is his fourth mission. he was checked and rechecked 10 times. felix, you don't mean it. "mr. ambassador, i did not say that this young man is lying. i said that i am unable to believe him. there is a difference."

and also, on the news that italy fell into a recession sour the mood on the frankfurt floors. there were only a few plus signs at the end of the session. >> that was from frankfurt, where we will stay for a closer look at the numbers. the dax barely in positive territory. the eurostoxx 50 barely in positive territory. across the atlantic, the dow jones industrial at 12,190. turning to some other international news at this hour, the international community is continuing work on a solution aimed at ending the violence in syria. france says it will be holding talks directly with russia this week on a conference to negotiate the into 17 months of deadly clashes. >> in syria today government forces have shelled rebel strongholds in central and eastern parts of the country. activists say 29 people were killed. >> this amateur footage is said to show government forces laying siege to the city of homs. activists report heavy shelling in many parts of the country. as the violence continues, there are growing calls for foreign intervention, including from the ranks of germany's governin

our correspondent has more from the frankfurt stock exchange. >> here on the floor of the frankfurt exchangee people do not believe that the german consumer can avoid the effects of the crisis in the end. but for the moment, the very sturdy labor market here and rising incomes for german workers are still causing a good mood among consumers. should have been a good piece of news for the shares here, but it was not. it was just too much insecurity on the other hand over the euro sovereign debt crisis, especially in security over the future developments in spain. infinian really went downhill. the share lost over 10%. the company had to concede that because of the situation in the world economy, it will not be able to keep its sales and profit goals. >> let's take a closer look at how this has been playig out on the markets. we begin in frankfurt were the blue-chip dax index closed just slightly up, 6136. the euro stoxx 50 ended slightly down, 2127. across the atlantic, the dow jones is going up about 0.5%, 12,570. the euro is trading at $1.2499. >> well, still to come, despite the eurozone cr

our correspondent sent us this summary from the frankfurt stock exchange. >> more and more investors fear that the debt crisis may also reach germany sooner or later because somebody has to pay in the end, as investors were saying. today, germany issued new bonds, and indeed from a record low, yields went up slightly, which shows that some investors see rising yields there. the debt crisis in general dragged down the market also this wednesday. the worries about spain and italy have been the biggest issue on the frankfurt floor, but investors are worrying also about the greek elections and the outcomes. nobody knows what happens next monday. >> we stay in frankfurt for a closer look at wednesday's numbers. the dax finished the mid-week session just down by a tad. euro stocks 50 pretty much finishing flat. across the atlantic, they doubt this hour down by nearly 16%. and the euro gaining a little ground against the dollar, trading at a value of $1.2585. >> now to the civil war in syria. ever since theegan more than a year ago, the world has debated -- should we stop the sale of weapon

, there will be no credit crunch happening on monday, and this is quite good news. >> we said in frankfurt for a closer look at friday's numbers, and the dax finished up by nearly 1.5%. the euro stocks 50 also rallying by about the same amount, finishing at 2181 points. across the atlantic on wall street, the dow jones trading higher. the bureau also gaining ground against the greenback, trading at a value of $1.2638. -- the euro also gaining ground against the greenback. egyptians had to the polls as well this week in theory they will be electing a new president, but a lot of people are not happy with the choice of candidates. >> there is confusion, and now the country's highest court once the lower house of parliament result. observers say the situation is even more dangerous than the final days of hosni mubarak's rule. >> no one is allowed inside anymore. streets are blocked. even lawmakers need written permission to approach the parliament building in cairo. the increased police presence is intended to convey order and stability, but many egyptians are worried that their country is plu

we begin in frankfurt were the blue-chip dax index closed over 4 the sun up.o stoxx 50 ended the day almost 5% up. across the atlantic, the dow jones is currently going up almost 2%. and the euro is trading for $1.2658. >> on to other news. egypt's new president has made a dramatic visit to tahrir square in cairo. that is the birthplace of the revolution. >> mohammed morsi cantu tahrir square to make it clear where his loyalties lie, to the egyptian people and not the all- powerful army. >> morsi supporters have been gathering all day in tahrir square, waiting for more slogans against the military. they were not disappointed. pres.-elect mohammed morsi took a symbolic but defiant oath of office. the official ceremony is scheduled for saturday. >> men of the revolution, freak people of egypt, i have come to you today -- free people of egypt, i have come to you today to tell you i am absolutely convinced that you are the source of power. you and you alone are the source of power. >> that is a warning to the country's ruling military council which recently curtai

sylvia is in frankfurt. i'm surprised how quickly we've moved from no expectations of the ecb doing anything at all to seeing more and more copy talking about the potential of the ecb, at least indicating something sooner versus later. >> yeah, i find that particularly odd because at the last press conference and his manner of communicating with the press and markets. wake up. he doesn't hint. it's not like trichet where he says next month we might have something to say. this is completely off the table. either we get a rate cut today, it's very unlikely or we won't hear what's is going to happen next month because simply the ecb will say we keep all our options open. in all honesty do we need that rate cut? we've talked about this before. we're near zero the banks that can refinance themselves in the market are at zero, refinancing rates. the banks that can't refinance in the market has to go to the refeed window of the ecb, below 1% is that something we need to worry about? no. the real problem is solvency

good news at the exchange here in frankfurt. as well as the news that spain successfully managed to auction off new spanish government bonds on the bond market's. nevertheless, the stock market here it lost a bit of steam in afternoon trading. many hoped ben bernanke, the chairman of the federal reserve, would announce more quantitative easing. that is more government bond buying by the federal reserve bank. but this hope was dashed by the fed chairman. >> here's a quick look at the market numbers. germany's dax ended the day in positive territory. eurostoxx 50 ended the day at 21.43. the dow jones industrials in positive territory, 12,517. and the euro currently trading at 4 $1.4599. the economic situation in greece continued to deteriorate. >> 22% of the work force were jobless in march. news surveys show the young people are the hardest hit. upwards of 55% are looking for work. they have been in a recession for five years and their jobless rate is twice the average. >> during heated arguments, a spokesman for the far right go

groups under suspicion included groups and frankfurt and cologne. the fall of the teaching of a preacher. -- they follow the teaching of our preacher. earlier this year, they sparked controversy by handing out free copies of the koran. one group, he said, was working to undermine germany's constitutional order. >> we are prepared defend the freedom of this land and its constitution. this is a signal to those who may think otherwise. >> the group has made videos. in early may, supporters of the group clashed with police in demonstrations in bonn. salafists attacked officers with rocks and knives. is believed about 4000 -- is believed about 4000 live in germany. >> for more on the story, we spoke earlier with our political correspondent, and young, and i asked why the raids were carried out now? >> there are reports police discovered an explosive best and threatening video messages threatening democracy in a recent raid in berlin. they admit that this triggered it these grades specifically. and the authorities have been under pressure, especially sinc

the boeing 747-8 will provide travel from our area to frankfurt. it has seats in first class that convert to full size beds. congratulations to a 14-year-old girl from san diego on winning the spelling bee. it started with nearly 300 spellers from across the country. in the end it was snigdha not a pot a who captured the -- snigdha nandipati with the winning word. >> g-u-e-t-a-p-a-n-s. >> she knew it all along. her brother jumped up on the stage, and the smile came out. congratulations go out turpin coming up, we will talk to a trainer who helped a 400 pound man lose an amazing amount of weight before his wedding. plus, a controversial plan to ban any cell phone use while driving, even if you use a hands-free device. then a jury had its say so. what is next for john edwards. and another look at the >> you are watching "abc7 news at noon," on your side. >> six of the jurors that ended the john edwards try on a mistrial said there was not enough evidence to convict him. jurors could not decide on the other five counts. after the verdict was announced

we begin in frankfurt with the blue-chip dax index closed over 1% down. euro stocks 50 ended the day about 1/3 of 8% down. across the atlantic, the dow jones currently going down over 1%. in the euro trading for $1.2428. to the u.s. now where sharply divided u.s. supreme court has upheld the centerpiece of president barack obama's signature health care law, that requires most americans to get insurance by 2014 or pay a financial penalty. >> but in another part of this decision and in a blow to the white house, a different majority on the court struck down the provision of the law that requires states to dramatically expand health care for the poor. >> the battle is far from over. republicans say they will overturn the law should they win the elections in november. dam it shaping up to be one of the major issues of the 2012 campaign. now that the supreme court has let stand the health care reform legislation, president obama was visibly relieved. >> today's decision was a victory for people all over this country whose lives will be more secure because of t

we stick in frankfurt where, as we mentioned, germany's benchmark dax closed higher on the day. your socks 50 was also higher. >> on wednesday, german chancellor angela merkel met with her dutch counterpart to discuss next week's european union summit. the leaders said they agreed that european banks needed more oversight. merkel said that there was no concrete plan for a coordinated purchase of the bonds from struggling eu countries, but she said that move remains an option. egypt's former president is in a coma, but he has been taken off life support. the state news agency had earlier said that he was clinically dead. >> but doctors say is vital organs are working, although he remains in intensive care in a military hospital. his ill health comes against the backdrop of political uncertainty with a contagious presidential candidates run off, any military granting itself sweeping new powers. >> mubarak is being cared for at the high-security military hospital that lies behind these walls. a former president's medical state remains a mystery. armed forces have denied a claim tha

the lufthanza flight is on its way to washington from frankfurt, germany.scheduled to land at 1 :45 today. -- 12:45 today. it's more eco-friendly than its predecessor and considerably larger. lufthanza will use the 747-8 on routes from frankfurt to washington. >>> final preparations are underway for this weekend's diamond jubilee. prince charles got a sneak peek at the preparations for sunday's flotilla pageant celebrating his mother's 0 years on the throne. the prince of wales met with craftsmen who are putting finishing touches on the ship. it's been transformed into the queen's royal barge. the floeting parade will be the highlight of the celebrations. the festivities start tomorrow when the queen and royal family attend the epsom derby hoss r-- horse race. sounds for british. what other way to start off a jubilee? for the royal family. >> yeah. >>> coming up on 4:51 now. meteorologist tom kierein is here. got his running shoes on today. going to be busy with the radar later on. >> yeah. not now. and this morning, you might need an umbrella as you head o

we begin in frankfurt where the blue chip dax index closed over 1.5%. euro stocks 50 ended the day 1.75% of -- up. the dow jones is currently going up just over 0.5%, and the euro is trading at $1.2563. >> coming up, we will have the latest on the crisis in syria. >> and a landmark meeting in northern ireland between the queen and one of her former sworn enemies. >> first, let's take a look at some of the other stories making news around the world. the italian prime minister has scored a victory for his landmark labor reforms just in time for thursday's eu summit. on wednesday, italy's parliament approved the deal, which includes incentives for employers to hire workers and ease firing procedures. plan sparked protests by trade unions. italy hopes reforms will reassure investors. >> forest fires are continuing to ravage the western europe state of colorado. the city of colorado springs has issued a partial evacuation order. the flames have forced 32,000 people from their homes. many sat for hours in traffic ams. warm temperatures and high winds of hundr

we say in frankfurt were germany's blue-chip dax was down fractionally. the 50, however, high of 5.4%. in new york, trading still under way for the dow jones industrial average. it is in positive territory by 0.25%. the euro losing ground against the dollar, trading for $1.2444. that the economy cooling down, and german started to fill the consequences. in april, factory orders fell by 1.9%, compared to the month before. the economics ministry blamed the sharp drop in foreign demand. and russian president vladimir putin has met with his chinese counterpart in beijing on a visit aimed at bolstering their deepening alliance. >> he told hu jintao the ties between the nations have reached new heights as he kicked off the store. it is putin's first trip since starting his historic third term last month. then he will also meet with representatives from iran and afghanistan during the visit. that china is a key strategic partner for russia. bilateral trade is booming, but the two sides are also expected to discuss the situation in syria. china and russia, both m

in fact, we're going to have more on this from silva in frankfurt. the ecb should bring down yields in spain and italy and use ever lie single instrument tool, asset and euro. how will that go down in frankfurt? >> reporter: i thought they've done that. a trillion euros in terms of rt o's i would have called that quite a bit of detonation. what he's saying in terms of interest rate cuts i think it will happen. mario draghi announced that and ecb on friday. it's pretty clear the ecb has put already a rate cut in the pipeline. unless it changes dramatically. sentiment indicates if it continues in that vein which is very likely then we will see a rate cut by the ecb at the next meeting probably at the next meeting with a very slim chance they will push it further down the road. very likely already in july. as to bond purchases in the bond market, the ecb has got sort of what they get on their agenda is we will step into the bond market with bond purchase when we need to when the market conditions are disorally or are risking to be disorally or threateni

know at a cost in haiti a spokesperson for the frankfurt friends of wiki leaks life in germany thank you for coming on to you today thank you. well don't forget to joining us on his very own interview program is being broadcast here on r.t. throughout the day its latest edition will be coming up for you i do believe in about twenty one minutes if you've missed any of the previous episodes they are always available on a special section of our website songe doughty dot com. julian assange. it is true of wiki leaks expose the world secrets these documents belong the united states government being attacked by the united states strongly condemn. illegally. hundred days now i being detained without charge. doesn't stop this. today. or really. can change the world. are now a time when it's past the hour here in moscow egypt's ousted president hosni mubarak is in a coma and that's the latest from the country's security officials amid uncertainty over his condition it comes as the results of the presidential runoff it due to be announced on thursday with both candidates already claiming victo

of figures on the european markets frankfurt is. descended into the rare there were the decks going down point three percent as angle of merkel has once again dismissed the idea of joining in the euro area debt bonds basically saying that this is not a good idea and she's been saying that the crisis in spain is a result of a ten year property bubble which the authorities in europe failed to to address correctly and that the spanish bailout that's been sort of suggested over the weekend has not also been taking into consideration all the aspects of the problem. also cyprus may be the next country poised for an international bailout now on monday as finance minister hinted that the cash strapped country may apply for financial aid before the end of this month that's in case the economy finds it difficult to support banks which are highly exposed to greece. in asia the situation was quite different on tuesday with the nikkei dropping almost well actually more than one percent as the international monetary fund said that monetary easing

. >> we'll be live on the floor of the frankfurt stock exchange. that's out in just about an hour's time. >> as per usual get in touch with us right here on the world, worldwide@cnbc.com. that's the e-mail address. i remembered it this time. >> tweet us at cnbc too. >> or find us. >> greek politicians look set to form a coalition government later today. up to a third of the new cabinet can be made of nonpolitical leaders. julia chatterley is in athens. how significant are these reports if greece can form a government this time around? >> reporter: well i think all the positive how crucial it is for greece to form a coalition. it looks like we'll see at least a coalition between the new democracy and the pasok party. that's 162 out of 300 seats. they can do it alone. they might get the democratic party to join that coalition with an addition of 17 seats. it would be a broader coalition and better representation of the public vote. this is a leader or party who said to me in the last few weeks there can be no more austerity for the greek people. so c

we have this report from the frankfurt stock exchange. >> brief, but no exultation after the greek election outcome. the mood even worse in europe. the trading day picture looked much better in the german market than other european markets. as soon as greece got out of the spotlight, the focus turned to other countries. there is a high pressure on the hero which fell below $1.26. -- on the euro fell below $1.26. the stock market plans would have been the biggest german ipo in years. >> it was a choppy day of trading here in europe. 0.3% higher. the eurostoxx 50 lower. the dow jones industrial -- trading is still going on. turning now to egypt where vote counting is still under way. both presidential candidates are claiming victory. baathists -- that is mohammed morsi and this rival , the former prime minister ahmed shafik. >> however, the military has been given power that many say will weaken the president's authority. >> the leaders of the muslim brotherhood celebrating on tahrir square. the election results are not expected until wednesday, but already the brotherhood are claiming victor

. >>> silvia is at the watcher's conference in frankfurt. yesterday we had a startling outburst from a french minister saying the ecb, we need the ecb to do its job. what's the response been from draghi this morning? >> if you are going to ask the ecb to do its job then it should not provide so much liquidity at such a low rate. if it is to do their job by lowering bonds to zero, then they are not doing their job in price stability. of course mario draghi thinks they are doing their job. and i couldn't agree with him more. they did say that they broadly reached the objective, but we also had the quote there saying it's a little bit too early to see how much it filters through to the real economy and where it filters through to the real economy. in terms of rate cuts, the monetary policy, it's clearly at a point where it can't leverage that much in the markets anymore. they know that. we heard similar remarks from ben bernanke. we are at the point where the global markets are in a confidence crisis, and this confidence has to be put back, not

jet from boeing is arriving in dulles from frankfurt. and some free doughnuts. tell you where to get them. living social wants you to get on concerts and other events. those details in the next hour. now, that's business news at bloomberg headquarters in new york. linda bell reporting for abc 7 news. back to you. >> thank you. 4:37 right now. important traffic alerts including a water main break in northwest d.c. you can expect for the morning commute. on a metro worker injured during an accident near shady grove metro station. how he is doing. first, let's take a look at weather as we do every 10 minutes. there's 395 at duke street. hello! honey? who's she? downy unstopables. here to shake up your fresh. like a cheerlder on espresso. toss these little scent boosters in before you wash. and the fresh scent will last until you're ready to wash again. [ buzzer ] [ laughs ] [ both sniff ] and this fresh scent will last? it's like you shoved a rainbow up your nose. i should go. downy unstopables. the fresh too fety to quit. adam caskey in the belfort furniture weath

. >> from frankfurt, more than 300 people. >> it was something i could not turn down, to be on the firstight. >> its is a jazzed up version of the iconic jumbo jet. >> latest technology engine, more space more fuel-efficient. >> this airplane is a 30% quieter down the previous 747. those engines burn about 15% less fuel. >> we were right behind the engine. it is noticeably quieter. >> the interior is flashier than most planes. window shades slide down with a touch of a button. the video monitors also slide in different directions. >> the upgrades come at the entertainment. >> they have ordered 20 of the new planes. this was the first flight, there will be many more chances for passengers to experience this sort of luxury. >> you looked like he belonged there. >> it was very nice. >> a lot of people are glad they were in town today. maybe not yesterday. >> today was quite a breath of fresh air. >> the national weather service will have a report to confirm what we already think happened yesterday. better news for tomorrow. nothing severe. we are looking at a few that will pop up later on t

take a look there in frankfurt trading down about 0.8%.cause i think frankfurt is down about 2%. >> walmart shareholders can voice concern over the company's recent bribely scandal in mexico. shareholders meeting taking place in fayetteville, arkansas. and it would include a 30 minute question and answer session with company executives. >> walmart shares have been hurt by competition from dollar stores and from costco. >>. >> a california judge dealt a blow saying it doesn't violate copyright laws so google will not have to pay oracle. >> if you sue, you sue big, right? still plenty more to come on the show. >> we'll speak to a u.s. hedge fund expert who says managers are seeing all sorts of opportunities in these markets. >> and as we do that, just remind you we're getting to session lows here for european stock. >>> dow pointed down triple digits. s&p would be down 16, nasdaq 25. if you want to know why, just take a look at some of the figures we're seeing across fixed income across the bond space where investors are flocking to the safe

our correspondent has more from frankfurt. -- a sea of red. >> the german economy is following weakening hard landing. business confidence is taken very seriously. german companies put strong pressure on the german dax, but overall it made modest gains in this turbulent trading wake. the situation for banks is a little easier, but everyone is waiting for the breakthrough. >> let's get a closer look at those market numbers for you. as we mentioned, the dax in negative territory. over in new york, the dow jones industrial average was climbing up after a big sell-off yesterday. many analysts said the markets were oversold and the u.s. bureau gaining against the dollar, trading for $1.2559. in just a moment, we will go to rio for all the details of this year's earth summit. >> but first, more headlines around the world. >> pakistan's parliament has elected there prime minister -- thier -- their prime minister. it is not clear whether the election will and deep political crisis in pakistan. -- into the political crisis in pakistan. >> an attack on an afghan -- on the afghan capital of kabul.

lufthanza will use the 747-8 on routes from frankfurt to washington. >>> robert griffin iii's second week of offseason practices is in the history books. the redskins wrapped up their organized team activities or otas yesterday. rg3 says he's getting more comfortable with the offense and is developing chemistry with his new teammates. >> we got a couple new pieces including myself, you know, pierre, josh, a bunch of guys that you need to build the chemistry with the rest of the guys. i think we've been able to show the guys that were already redskins that the new redskins can help them win. i think that's helped everybody go out here and compete every day. >> i love him. griffin and the redskins will be back at work later this month. they have a mini camp scheduled to begin a week from tuesday. >>> some good news for nats fans. michael morris may be back with the team this weekend. the outfielder has been out all season with a torn muscle. he says he's feeling better. he hit .303 last season with 31 home runs. the first-place nats open a three-game series against the braves tonight a

the frankfurt index rallied by 2%. it's sort of rise seen on other european stock markets. the trend had been heralded in asia, where the markets had also been anxious for about spain's financial position. the euro was rising on global markets, also. the weekend deal under which the euro zone ministers agreed to lend spain up to 100 billion euros to shore up the banks, bringing relief for now, but one person out of four is out of work in spain. job-seekers in madrid called for help not just for the banks but for them, too, how far are the european rescues addressing the underlying economic problems? greece had two bailouts while private lenders also wrote off debt. portugal received a bailout it could not pay back. ireland had a property crash which plunged the economy into recession and it had a loan of 85 billion euros. the total bailout cost could already be more than 500 billion euros. this does not solve the underlying problem. still back to the euro, how do you get that operating properly? that means a movement toward proper fiscal and and and a proper road map for be

frankfurt's dax up .5%. >>> now we cross over to the tokyo stock exchange. why are markets cooling off to the spanish aid deal so soon? >> like you mentioned, u.s. and european markets enjoyed a bit of a spanish bull run yesterday but that was short lived as both markets slipped mostly into losses later in the day. now that was as the initial cheers soon gave way to questions such as who would be paying the bill. now that pushed down -- pushed up values in spain. nye kay is down 1.9% at 8,46ii . nikkei ended up over 2%. it is now gone below that. yesterday investors were buying up apple shares on the cheap on hopes that the apple conference would announce some exciting new product developments to boost business. but contents of the news conference are likely to und underwhelm the markets. >> while the market reaction to spain's aid deal was short lived, it looks like there may be some longer lasting political backlash? >> that's right. antieurozone party in greece is seeing red over spain's lenient loan terms and are using this to sway public sentiment again

virtual assistants are being used at airports in several other countries overseas, including frankfurtnd london. >>> cannons sounded at the tower of london today as part of the diamond jubilee for queen elizabeth. this weekend the monarch can i is celebrating 60 years since elizabeth ascended to the throne. she was never supposed to get the throne but got the nod after her uncle abdomen catted. the races were the first of weekend. her majesty inspected the horses and presented the diamond corn nation cup to the winner. >>> elizabeth is the queen of cupcakes. this royal portrait is made up of 3120 sponge cupcakes. that would be one for every week of the queen's reign. >>> the queen looks pretty good but how does she smell? someone paid researchers in philadelphia and sweden, then to know who smell the best. people between the ages of 20 and 30, or those between 75 and 95? the winners? those over 75 apparently smelled the most pleasant. scientists say body odor goes through several stages as we age. they wanted to know if people could identify age groups based on their smells. >> so i gu

frankfurt. down on the day. more than 1% lower. euro stoxx bucking that trend. in new york, is a downward trend for the dow jones industrial average, albeit just lightly. up by a quarter of a percentage tie. -- point. the italian newspaper says it has received more secret documents taken from the vatican. they include letters sent by the pope's private secretary. >> the paper says the documents were received after the pontiff's butler was retained. >> the new butler accompanied the pontiff to milan on sunday. pope benedict led thousands of war pressure -- worshipers in an open-air mass. back at home in the vatican, more trouble is brewing as the scandal continues to escalate. despite the rest of the key suspect in the case, the pope's former butler, more documents have surfaced. letters apparently bearing the signature of the pope's private secretary were published by la republica newspaper, reported late implicating him. lombardi said he was neither surprised nor concerned by the documents released. >> the pope has not been weakened by the difficulties he is fa

while you were sleeping, the lufthansa flight took off from frankfurt, jaim, it's scheduled to land at around 12:45. it's more eco-friendly and considerably larger than past models, the airline said it will use the plane on its routes from frankfurt, to washington, and we expect the weather to hold until that landing happens, or not. >> it looks like it will be okay. and we've been talking about the severe weather the last couple of days, it's still looking like this is a good six or seven hours away before we're going to see any severe weather. probably not until late afternoon into the evening if that happens. and we will certainly be giving you plenty of information throughout the afternoon. we'll have frequent updates here on news4, so stay tuned. you hear thunder and you're outside, get back inside and turn on news4. right now, no threats, just a gray sky over the potomac. a live view if our hd city camera. temperature now is at 78, dew point, a steamy 69. we've got the humidity back after that wonderful break yesterday. we've got a southeasterly wind around five to 15 miles per h

maintain the rate for a sixth straight month at a board meeting on wednesday at its headquarters in frankfurt, germany. it's faced with growing calls for new steps to counter declines in stock prices and the euro. values are sliding amid concerns over a new parliamentary election in greece, and the financial strength of spanish banks. after the meeting, ecb president mario draghi held a news conference and explained the background of the decision. >> economic growth in the euro area remains weak, with heightened insecurity weighing on confidence and sentiment, giving rise to increased downside risk to the economic outlook. >> the european debt crisis is now affecting commercial banks in germany. moody's investor service has cut its credit ratings on six german financial institutions. the rating agency cites higher risks of a worsening inequality of the bank's assets. >>> the downgrades include germany's second largest letter commerce bank. moody's says the risks of contagion from the eurozone crisis could dampen the economic outlook even more. they also noted that the banks have limited capac

patricia has been looking at the arguments in frankfurt and joins us with more. patricia, where is the truth? >> reporter: always in the middle. especially if you talk about politics. so, i think there's a bit of both. of course i think angela merkel has always been pro-financial transaction tax. it's a touchy issue considering it might put germany at a less competitive position if you don't have it across the board or in as many eu countries as possible. she has until the 23rd of june, which is the date she needs to push through parliament the fiscal pact as well as the latest on the esm decisions. there is a lot of talk between the government. they are saying for us to get your vote and the two-thirds majority for this and what you want on the 23rd of june, we need an agreement on the financial taxation tax. it is not easy for angela merkel. she vowed she will go out and get more support. there is a couple of important meetings. on the june 22nd, ameringela me will have meetings in italy and rally that exact issue. tomorrow, she will rally to get out of that lo