are three countries here, portugal, ireland, and greece that cannot pay their bills without the help offa bailout. and the situation has grown so bad that just an hour ago, new measures were announced to help this country, italy, stem off any more problems. we'll see if that has an effect on worldwide markets as well tomorrow. carl, back to you. >> problems on both sides of the atlantic tonight. steve, does this downgrade from s&p hit americans' pocketbooks at home or not? >> there's plenty of confusion and concern about that, carl. we've never been in a situation where the world's benchmark debt, the united states, has been downgraded. so anybody who claims to know what they're talking about here probably is making it up. there is concern, though, about interest rates, mortgage interest rates, credit card interest rates, some concern it may go up. but i will tell you, plenty of speculation that the market anticipated this and it will digest this latest bad news with pretty good evenness. >>> michelle and steve, thanks. >>> and there will be special coverage tonight on the markets beginni

fog this morning the fog is hanging along the coast patchy clustered to start your warning omorning offatable 84 degrees a sunny and warmer conditions firm morgan hill we are sitting in the '50s and '60s. as we take it to the money a mahle 9.00am hour. it'le warming into the '90s this your number is 92 long-term in morgan hill. san francisco will stay in the '60s. this is the look of your seven day forecast similar water pattern and nobody in the area and the a metering lights are cycled of no construction to tell you about. the san mateo bridge looks good this morning no stalls or accidents in either direction of highway 92. south ball new-line all one of few lights making their way into seven francisco top speeds at 68 m.p.h. across this then. >> 4:51 a.m. to people in l.a. law have been charged with top abuse. >> in late may in an anonymous tipster told child protective services that children living in this complex were being abused when cbs visit the homes they were shocked at what they found >> they had cuts wrote warrensburg from the kid's been tied up in two different objects in t