i'm andrew stevens in hong kong. >>> i'm nina dos santos in london.d's news leader.

we've got nina dos santos from london, stan grant from bang bayh shing and kyung ya will be live from tokyo. >> nina dos santos you said is in the thick of things in the city of london, the financial district here. nina, i detect a little bit of caution here. >> caution is the world. optimism is the other one that matches in that sentence. of course, chashlgs everybody is cautiously awaiting these votes in the house and also in the senate. there was always some kind of optimism that an 11th hour agreement could be agreed and come to but we should remember that these markets have essentially fallen about 4% last week. many traders here say it isn't perhaps enough to give people the full confidence they need back in some of these markets. we should also talk about the currency as and how they're being affected. charles, you'll note that the dollar has been suffering of lachlt recovering some ground, but we should remember that this is, of course, the world's trading currency. two thirds of the world's trade is actually done in dollars and so a lot of the currency trade is done behind me

with me is nina dos santos. let's talk about this. >> it's the time charles when the markets just temporarily rise and fall down because frankly the underlying issued haven't been tackled. some of the stock matters rising but very, very modest rises. in fact, the dax, which is the best performer year to date, charles, is actually down by about half of one percent. that's quite interesting to note because after the statements that we got out overnight and over the weekend from the ecb, we should know that the bank is reportedly against this plan. >> but the government doesn't seem to buy it. >> according to the g-7 so far. that's the issue here, charles. we have so many different views and politicians coming out with different points of views, even to the outgoing head of the ecb that that's why the markets seem to be so jittery. >> let's get back to that later in the programming. we'll be talking to you later on. what's up, what's down in terms of european stocks? >> right. let's look at the sectors that are bei

i'm nina dos santos. >>> i'm andrew stevens. welcome back to our continuing coverage of the advance in libya. the rebels now claim to hold 90% of the libyan capital. the embattled leader reportedly broadcast an audio statement to his supporters. his whereabouts remain unknown after rebels over ran his tripoli compound on tuesday. we're also monitoring several other developing stories right now. >>> a 5.2 magnitude earthquake struck near washington, d.c. on tuesday. it was the strongest seismic activity for more than a century. there were no reports of serious injuries, but substantial property damage including small cracks to the washington monument. >>> hurricane irene is a category two storm with winds of more than 154 kilometers an hour. right now the storm is expected to make landfall on the united states east coast at some point during the weekend. the hurricane has already lashed puerto rico and the bahamas. >>> a judge in new york has dismissed sexual assault charges against the former international monetary fund chief do

i'm nina dos santos. thanks for watching.

that's next. >>> i'm nina dos santos. >> i'm andrew stevens in hong kong. welcome back.u're watching "world business today." >>> the long list of computer attacks it seems is getting even longer. any report from a security firm says that an unprecedented series of cyberattacks on governments and industry are all apparently coming from the same source. cnn's brian todd reports on the damage done and just who may be behind it. >> reporter: remember all the recent hack attacks we've reported on, groups like anonymous and lolsec. according to a new report that was a nuisanc compared to one massive series of sner atacks targeting dozens of governments and companies around the world. >> what we're witnessing is the largest transfer of wealth, a form of intellectual property in history. >> we spoke with this man from the cybersecurity firm mcafee incorporated who discovered the attacks he calls operation shady rat whonchs were the targets of this attack? >> every single industry you can imagine, from i.t. industries, energy industries, governments, nonprofits, the united nation

i'm nina dos santos. >> good afternoon from cnn hong kong, i'm andruw stevens, you're watching "world business today." here are our top stories this thursday, august 11th traders have little to smile about but the futures do paint a more positive picture as the stock market's wild ride continues. >>> we'll be asking about the damage that has been done to england. >>> and a way to show dirty laund laundry. how they could protect your ipad. i think we all need a silly story like that to lighten the mood at the moment because volatility and wild swings are continues to stalk stock markets across the world today. investors could be given a collective groan of disappointn't after wednesday's dismal day ol' wall street and fluctuations across asia and europe. it comes after a short-lived relief rally if you remember on tuesday and that gave some investors some hope that the markets could actually be bottoming out but there's precious little certainty about just how much further they could fall from here. let's take a look at the markets. nina,s it's just so hard to get a read on these marke

i'm nina dos santos. >>> good afternoon from cnn hong kong. i'm andrew stevens. you're watching "world business today." these are our top stories on wednesday, august 10th. investors regroup after days of heavy losses as the u.s. federal reserve vowins to keep rock bottom. >>> when it comes to steering the economy, we'll tell you how beijing is being penned in by china's soaring pork prices. >>> stock markets are up, but after the collapse of confidence that's hammered equities over the past few sessions, investors are wondering whether the panic is really over. tuesday's federal reserve meeting appears to have been the trigger for the rally in europe. the gains there partially reversing the spectacular falls of recent days. european indices are heading higher. a asia followed that swing. the dow posted its biggest gain this year. here in hong kong the stock exchange has just closed. the hang seng recovered some of that but still has quite a way to go. it lost almost 12% of its value over the past three sessions of decline. nina? >> andrew, none of these markets

i'm andrew stevens in hong kong. >> i'm nina dos santos in paris. we'll be back in a couple hours' time for the next edition of "world business today." in the meantime you're watching cnn, the world's news leader. it's good-bye for now. -- captions by vitac -- www.vitac.com

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hong kong -- nina dos santos joins us live. you were trying to make sense of it. a lot of it was triggered by the activity of the european central bank in an effort to shore up the italian situation? >> yeah, that's right. activity, but perhaps not enough activity for the likes of spab and also italy. the two-countries have been saying they're difficult in terms of financing the money on the bond markets in too big to fail, really. too big to fail is bantied about everywhere. it's the hallmark of the 2008 credit krufrmg. -- crunch. the move to cash is a hallmark of what we saw two or three years ago in the global financial markets. let's look at some of the figures today. a lot of the markets in europe started the day down in excess of 3%. so what we're saying, ali, on these markets, is what's interesting is if you look at the year-to-date losses for the european markets, it shows you where this is the weakness is. it's down in excess of 10%. some of them double digit declines year to date. the italian market is down 20% so far this year. and the united states mar

nina dos santos, live from london.dow takes 126 steps forward, 520 steps back. strap yourself. the markets have lost $2.2 trillion since the markets began on july 22nd, so why are things so volatile? some investors are bullish because of strong second quarters earnings but bearish investors believe the european financial crisis could be the next lehman brothers and the u.s. could be slipping into another recession, so wall street is torn. the markets act like a roller coaster. standard & poor's downgrades. it does sound like a great time for a vacation. as you know, congress is in recess on vacation and the president heads to martha's vineyard next week for a ten-day vacation. four conservative house democrats say lawmakers should come back to d.c. and get busy fixing the economy and the president is getting criticism for taking time off. but if congress is off, the president can't do much anyway. cnn white house correspondent jessica yellin talk bd that on "ac360." >> they need congress to -- they control the pursestr

i'm andrew stevens. >> i'm nina dos santos. you are watching cnn.marketplace middle east" is next. >>> this week on "marketplace middle east" a sigh of relief as the u.s. reaches a debt agreement but concerns continue especially with regional investors. >>> and the trial of hosni mubarak. address he goes on trial in cairo, we look at what this means for the country's recovery. >>> after weeks of political maneuvering on capitol hill, they have agreed to increase the debt ceiling. later this year, bipartisan congressional committee will be tasked to come up with more specifics for the cuts that are be particularly painful. despite an agreement, there could be lasting damage. the world's rock-solid confidence on america's economy suffered a severe blow and investors in the middle east have been watching the debt debate closely. >> reporter: the u.s. debt deadlock had the international world on edge including the middle east. market watchers in this region like the rest of the world kept a keen eye on the u.s. debt issue. one of the main concerns here

i'm nina dos santos. >>> good afternoon from cnn hong kong. i'm andrew stevens. you're watching "world business today." the libyan rebels oil and finance minister tells us the country's oil production could be back to full strength within a year. >> you have big dreams? >> of course. >> you want to be president one day? >> maybe. >>> meet the mongolian sumo wrestler with dreams of making it big in business. >>> a new report puts zimbabwe's capital at the bottom of the world's most livable cities. we'll tell you what's at the top. >>> let's get straight to the markets here. here in europe about an hour into the trading sessionally, broadly speaking things are moving steadily higher. we have some pretty substantial gains at that time likes of the cac 40 in paris despite the fact that one of the stocks is the lagout on that industry after coming out with its first half figures showing the company posted a loss. also the dax is up about 1.1%. checking on the currencies, this is how the main currencies are faring against the u.s. dollar at the moment. a number of them

. >> and i'm nina dos santos in london. you're watching "world business today." -- captions by vitac -- www.vitac.com >>> let's start with the markets. they were higher for your the second or third trading day. let's look at where they stand at the moment. we've got the heaviest gains comes. the cac 40 in france up the most and germany up to a tune of 1%. the ftse still up following yesterday's positive close by markets on the other side of the atlantic. andrew. >> yeah, that was certainly helped by better than expected economic numbers in the u.s. and that boosted the markets across asia. a fairly positive day all in all here in the nation. and also news of that resignation of steve jobs filtering through, boosting share prices. let's face it. asian come poet tors will be breathing a little bit of a sigh of relief as he steps away. that's how the markets finish up. shanghai comp up 2.91%. australia, will north of that 1% gain, nina. >> let's take a look at how the u.s. markets are fairing at the moment in the united states

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nina dos santos is standing by live in london.d a clear start to the trading day in asia. everything was down. moved into europe and things are a little choppier. we're not entirely sure. everything hasn't been down all night in europe. >> it's called a dead cat bounce, ali. we saw it where you were on friday after -- just before standard & poor's actually downgraded the united states' aaa rating and what we're seeing at the moment is a similar situation. this is effectively when we have the markets rising, having a bit of a relief rally and within about 45 minutes sthey shed all of those gains because investors realize the underlying concerns haven't been tackled. what is concerning everybody is the ongoing euro zone debt crisis. the cb announcing it will be buying back italian and spanish bonds to try to bring down the cost of borrowing. the europe's third and fourth largest economies. there's a lot of concern that while that seems to be working in the short term, nobody really knows how much money it will take from the ecb to t

and we have reporters standing by across the globe, rather, andrews stevens in hong kong, nina dos santos in london. let's start with nina. european markets what are they looking like? >> i'm afraid it's not looking too good. we saw a number of these markets taking their cue from the heavy declines in the united states. yesterday when those markets shut down, in excess of 4%, ftse 100 opened the day down to the tune of 3%, adding already to year-to-date loss that is already in the double digits. and this is what i really want to point out to you guys. if you think you have it bad where you are, well, the dow jones industrial average after yesterday's steep fall is only down by just shy of 2% year-to-date. put it into context against some of these european markets and you really see where the problem lies. milan down 20% year-to-date, switzerland, even the dax is down year to date. some of the year peen markets are the ones suffering because it's the euro zone credit situation and debt situation that is the one that has markets worried. we'll have a a pivotal situation in the two and a hal

nina dos santos is live in london, andrew stevens live in hong kong, felicia taylor live with us in new higher, european stocks took a sharp turn south. where do we stand right now, nina? >> it's very sharp, isn't it? well, what we've got at the moment is a number of these indices are down to the tune of about 2%, the ftse, dax and cac 40. they are off interday lows. we had the dax down 4%. which is interesting to note, because this out of the three markets is the one that has lost the least, down by about 8% to 10% so far this year. what we've got at the moment, ali, we had stocks flirted with some gains for about 20 minutes during the session, trying to make some kind of a rebound, but it didn't last long and investors don't really seem to have the appetite for investing in the stock markets here. safe to say anywhere else in the world. what we've seen is about $5.5 trillion ant counting now wiped off the world stock markets, focus on the ftse 14u7bz, for instance, in london where i am. this is a market since july 26th, has lost in excess of 900 points. we haven't seen those kind of l

. >>> now to see how the world's money is doing let's go to nina dose santos live from london. nina, last night our time we got word a number of countries in europe are banning the short sale of financial stocks. i imagine that helped european markets this morning. >> for the moment, yes. although i should point out that european markets actually, for the most part, did start out in negative territory, ali. it didn't take them long to recover the kind of losses that we saw earlier on in trading, and to trade into green now. broadly speaking all of these indices up. even france, in fact, really, has been the weak spot of late, as many an investor has expressed concern about the credit rating, the aaa credit rating that france currently enjoys. also about its banks and whether france were to lose that aaa credit rating, which i should say at the moment, we have no indications that that is the case from the ratings agencies, but obviously if france were to be downgraded that would have a huge impact on its banks. but also have significant amounts of greek, italian and spanish debt

nina dos santos is live in london. nina, how are the markets overseas so far? >> i'm afraid to say it's not looking good on the final trading day of the week. it's turned into another volatile session for stock markets around the world. the stock markets in asia ended the day lower and what we're seeing in europe is the markets down to the tune of 1.5% to 2%. earlier they were falling in excess of 3%. that adds to declines of more than 5% yesterday. now, if you take a look at what's happening in the markets, investors are telling us they're becoming increasingly concerned about a slow down of global growth that could, indeed, indicate we could be heading towards another recession. so there's fears of a dreaded double dip playing on investors' minds at the moment. if you take a look at the year-to-date for some of the markets it seems as though europe has fared considerably worse in the markets than where you to are at the dow jones industrial average. markets here in europe down in excess of 20%. >> nina dos santos, we'll see if it spreads here again today. >>>

start with nina dos santos, live in london. hi, nina. we're reacting first around the world to the debt downgrade but a lot of people are talking about europe, watching what's happening with europe for direction here, which shows you it's not all the debt downgrade we're talking about. good morning. >> good morning to you as well, christine. the debt is the operative word. not just europe but specifically in the euro zone. what we've got at the moment is the ecb said over the course of the weekend, this is the european central bank, it's going to be finally heeding some of the advice from investors and buying italian and spanish bonds to try to bring down the cost of borrowing for europe's third and fourth largest economies. now, when you look at the equity markets it doesn't seem to give the equity markets much of a shot in the arm. we had a dead cat bounce earlier on today when we saw a little bit of a relief rally and within 45 minutes the markets had turned into the red and sharply so. they're currently down by about $1.25%. everybod

nina dos santos in rome, thank you. >> let's talk politics now. >> bright spot is there, carol.o talk about this! up to nancy pelosi to fill the final three seats of the super committee. she has until tuesday to do it. >> she seems to be dragging her feet on this a little bit. i think she wants to make a solid decision. reid and mcconnell and boehner have already made their decisions. >> joe johns is joining us live from washington. who is she considering and how do you make sure it's not a shrunken version of dysfunctional congress? >> reporter: i don't think you can do that. look. pelosi has actually been quoted as saying she doesn't intend to draw lines in the sand with her picks, but that was before the other super committee members were named. she still keeping people guessing. no clue on who she's thinking about. you know, the political pressures on nancy pelosi inside the congress are a little different than some of the other leaders. there's a bit of a buzz going around capitol hill pointing out underrepresentation of women and minorities on the super committee. so far,

doing? nina del santos in london for us with that. we know the world markets watch the u.s. and the u.s. s well. tell us how the rest of the world is doing. >> t.j., the markets over here certainly acting in tandem with the markets in the united states as the dow started trading. we had european stocks falling even further. it's hard to believe that the markets where i am at the moment were actually trading higher just about two or three hours ago. but around about half way through the trading session, what we saw was stocks shedding those gains and pretty quickly as alison kosik was telling you. yesterday's gain history, really, ancient history as she was putting it. one thing we should point out is that the cac 40 in paris is falling by the most down about 2.5%. nicholas sarkozy, the french president has summoned his finance minister and the central banker of france for emergency talks. this is amid ongoing concerns on the bond market. the france has aaa credit rating could be the next to face the crisis. only gold seems to be gaining at the moment about $1,770 an ounce. >> thank you fo

. >>> gracias a la ayuda de una f fundación llegó llegar a santos do doming para que la niña reciba terapiasgua del grifo, sin saber que estaba contaminada. >>> para el cáncer de piel estará disponible en el mercado un nuevo medicamento juega un papel decisivo en el desarrollo del melanoma, las autoridades sanitarias le dieron el visto bueno al tratamiento. que es el primero para tumores de cáncer de la piel. >>> tremendo susto pasaron los padres de un niño de un año que se tragó una piedra ocurrió en colombia. los doctores le trajeron el objeto por medio de una cero jay que duró una hora, el menor se recupera afortunadamente y por suerte la roca no causó daños en su organismo. >>> ni una cirugía le devolvió la sonrisa a un niño que fue atacado por un perro mientras montaba bicicleta en un vecindario de méxico le arrancó los labios y parte de un cachete. y un guardia de seguridad pudo recoger los fragmentos de piel y carne. es la primera intervención quirúrgica de este tipo en el país. otro niño, y otra oportunidad de vida, que bien. . >>> así mismo, es. >>> enseguida su destreza lo ha hecho