in spain, unemployment among young people is 50%.ark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where they dump the trash and you get a different impression. in spain these days, one person's garbage can be another one's sustenance. just because you can't sell it doesn't mean you can't eat it. at closing time around here, the shadows are full of the desperate and the hungry. and when darkness falls, they come out. they joke and call it recycling. ivan and his friends are regulars here. for them there's no such thing as a sell-by date. >> i know here i can find fresh juice and some vegetables. >>

that we have in spain. a very a very much of an activist prime minister who volunteers more austerity than it's needed by the creditors quite an extraordinary thing i really now there's something new and is that germany is not keen on spain asking for the bailout because that would open the way for what is known as mr drug use ice cream that is a schema by the european central bank to buy in and limited quantities of bonds from the spanish debt the germans doesn't want that they don't want that and so they want to block the only way to block that he said spain not asking for the bailout so unless all these things are solved well it will take still a few weeks but yes i think ultimately spain will go for the bailout. time for more of the world's news in brief for this hour syria's rebels could soon be using u.s. made anti-aircraft weapons russia says the armed opposition now has some serious american foreign power at its disposal which washington authorities are yet to confirm meanwhile the u.n. envoy to syr

is doing too much is doing more than the specter so let's say that we have in spain. a very a very much of an activist prime minister who volunteer is more austerity than it's neither it's by the creditors quite an extraordinary thing i really now there's something new and it's that germany is not keen on spain asking for the bailout because that would open the way for what is known as mr druggists ice cream that he's a schema by the european central bank to buy in and limited quantities of bones from thirty spanish debt the germans doesn't want that they don't want that and so they want to block the only way to block that he says spain not asking for the bailout so unless all these things are solved well it will take still a few weeks but yes i think ultimately spain will go for the bailout time now for more the world's a suspected u.s. drone missile attack in pakistan has killed three people and injured two children the strikes hit a compound believed to house militants along with civilians according to the local military the u.s. has been heavily criticized for hun

yields in spain, 5.86%. in addition to the ecb issue, there's also the issue of if and when spain will ask for a bailout, but we'll come it that in just a moment's time with julia. so back to spain then. results of spain's auction due in just about ten minutes time or so. julia has been keeping up with the developments in the past few days. julia. >> they are 00 auctioning two, three and five year debt. expected to try and issue around 3 to 4 billion euros. traders i'm speaking to expect to go pretty well. the last time they auctioned five year was in july the 19th. spreading significantly higher at that point. today trading around 4.9%, so much cheaper than what they were paying back in july. and of course the certainly supporting the curve at that point, too. you have to look at a short h e here. >> economy minister trying to drum up investments for spain's bad bank. coming here to london. what do you think the story that he'll be coming here with? >> i hope he takes more details than we've got right now.

spain down 37%. no surprise, given the recession in spain. if we look at the car makers, the top three brands, volkswagen, which has always been doing very well, it's been gaining market share, but it fell 14%. ford, 15%. renault has plunged 33% for the month of september. what are the car makers doing? over the past few years they have gone through restructuring, cost-cutting. one would imagine there's not much fat left to trim. what do the car makers do? and how do they handle this decrease in sales? >> bear was all the capacity in europe. -- there was all the capacity. sales down 20% in italy. that will hurt fiat. opel down 15%. the industry is in trouble. one analyst said to me the situation they are in, that all the european car manufacturers need to close one factory each to deal with the overcapacity. >> the one market in europe that sold great was the u.k. >> and google got a slap from the european commission. >> into an investigation on how it collects information from us every time we go online, the european union has ordered the co

say that we have in spain.a very a very much of an activist prime minister who volunteers more austerity than it's needed by the creditors quite an extraordinary thing i really now there's something new and is that germany is not keen on spain asking for the bailout because that would open the way for what is known as mr druggists ice cream that is a schema by the european central bank to buy and limited quantities of bonds from the spanish debt the germans doesn't want that they don't want that and so they want to block the only way to block that he says spain not asking for the bailout so unless all these things are solved well it will take still a few weeks but yes i think ultimately spain will go for the bailout. in the u.k. trade unions haue warned of massive industrial unrest if a two year pay freeze in the health care system was extended to all sources claim any rise in these difficult economic times is simply an affordable but a walkout would add to the woes of the national health services which has app

that we have in spain. a very a very much of an activist prime minister who volunteers more austerity then it's needed by the creditors quite an extraordinary thing i really now there's something new and is that germany is not keen on spain asking for the bailout because that would open the way for what is known as mr druggists ice cream that is a scheme by the european central bank to buy and unlimited quantities of bonds from the spanish debt the germans that's in one that they don't want that and so they want to block the only way to block that he says spain not asking for the bailout so unless all these things are solved well it will take still a few weeks but yes i think ultimately spain will go for the bailout. more of the world's news now sudan's accusing israel of carrying out a missile attack on its weapons factory near the capital khartoum some israeli officials are said to believe that the facility has ties to iran several people had to go to hospital after suffering smoke inhalation one fire fro

last year the charity helped 2 million people in spain. but the harshest economic crisis has pushed another of 300,000 into poverty. tom is in madrid. >> the spanish red cross is one of the best known charities here, known for helping international causes, disaster- stricken or property-stricken countries abroad. it's the first time they've launched an appeal to help spanish people affected by spain's economic crisis. 300,000 people in spain are now very vulnerable and need help in the form of food handouts. it represents the work of many other charities across the country which is increasing because of the economic crisis. this is food destined for people in spain who need help. this is a food bank on the edge of madrid. double the are doing som work they were years ago because of the economic crisis. volunteers will low tens of food and drinkf ton today. this food bank supplies 400 spanish charities. but they have a waiting list of 40 charities which for now they simply cannot attend. >> a rise in the number of people rely on food handou

>> as spain teeters on the edge of an economic abyss, is chaldea about to make a bid for independence? -- is catalonia about to make a bid for independence? calls for separation grow louder. we talk to the politicians to see if catalonia is about to go it alone. fighting continues in syria this week. we speak to the former secretary general of the united nations, who has issued a stark warning about the syrian conflict. >> if they cannot come together or find a way to work together, then we are in a really, really hopeless situation. >> on board the africa express', the train which runs on music. hello. spain is poised on the brink of a bailout this week, but as the country's economic woes mount, there are cracks appearing within the complex relation between barcelona and madrid. catalonia is not germany, but the region is the economic powerhouse of spain, and nationalists there resent subsidizing other regions and in making their voices heard. >> of catalonia does one day get its own air force, it will probably be able to afford something better than these. on the beach in barcelona,

it's politicses that really matter with spain because spain is fundamentally solvent. so on the positive side, a lot of people want to see spain come to the table because they will get nominal conditionality return. it's not going to be anything like the problems that we've had already. on the negative side, i think spain will resist for as long as possible because of the politics. the trouble with this is that this is what mario draghi's leading too, as well, the whole combination of the european firewall of managing the crisis has got a negative stigma to it. if the omts is going to be the symbolic umbrellas representing a single sense of unity, this cannot happen by penalizing some members and transferring sovereignty visibly to others. it has to be joint sovereignty. it has to be a joint program. and i think that spain feels a little bit low ball here. >> silvia. >> lena, isn't that the old game that we've been playing, that politicians sadly want to hold out as long as possible which means we always get very close to the danger zone. and by the time they actually

we have in spain.a very a very much of an activist prime minister who volunteers more austerity than it's needed by the creditors quite an extraordinary thing i really now there's something new and is that germany is not keen on spain asking for the bailout because that would open the way for what is known as mr drug use ice cream that is a schema by the european central bank to buy and then limited quantities of bonds from thirty spanish stepped the germans doesn't want that they don't want that and so they want to block the only way to block that he says spain not asking for the bailout so unless all these things are solved well it will take still a few weeks but yes i think ultimately spain will go for the bailout. and of course you can always log on to r.t. dot com to find out more about spain's budget plans which drew thousands onto the streets of madrid last lines have also got the pictures from the thronging masses in the spanish capital four year. old and also there are blasting off to space wi

ibex in spain is the laggard. now only down a third of a percent. >> here's a recap of some of the thoughts we've already had. >> i thinkful get bullish at the 1.03 level. >> buy some of the periphery, i think the bubble is what we should be telling france because france runs the danger of people taking to task for what looks like optimistic gdp forecasts and spending which is still out of control. >> they're on defensive on the overseas markets. we're positive on asia. very strong balance sheets at the consumer level, at the corporate level and at the government level. >>> they've narrowed the budget gap but the imf suggesting they need a couple more years. the unemployment rate has ticked higher to 25.1%. so although the budget fap has narrowed to 12 billion, the underlying economics aren't improving in terms of unemployment. >> and it will only make it more difficult for that country going forward. in the u.s., the have not shal debate tonight in danville, kentucky. biden is expected to hone in on mitt romney's

both in spain and portugal.the reason for that is first of all -- second, there is no kind of definite movement in this direction. i think it was a few weeks ago to reconcile the figures of the public than the ones mentioned publicly come to reconcile with the real impact and to figure we are talking about in terms of balance of payments is in the region of 15 billion years, which is something insignificant three. of one year. so my answer is definitely, there is not a movement that led to spending because it. and also, the figures have been not inside by the fact that there is a transformation of traditional deposit into a kind of commercial paper. when you look at the figures, it appears that they are going down, but it's been transformed in the instrument similar to the deposits. so you have to look very attentively to realize there is no such thing as movement away from spain. >> okay. and thirdly, a question about santander. one of the secrets of their success was diversification taken into emerging markets

a separate zeal in each state could get another boost in spain which is holding regional elections pro independence parties are widely expected to win in the basque region a challenge for the beleaguered government which also faces separatism calls in catalonia for more let's talk to gonzales he's founder of s.p.d. dot com which provides analysis on possible crisis scenarios joining me live there from germany now for decades basque separatist group that used violence to get autonomy how strong is the desire to go it alone among the majority of the people in that region. what promoter anderson and i did. exceedingly didn't go independent. or. the civil war but the fact that they are getting with this especially now is just a sense of how do people who. were present you had about. a really sore to interrupt but connection really isn't good enough for the moment let's try and get by jenna later more try and sort out any apologies thanks for the moment gonzalez and say we're trying to watch a bit later. the one hundred thousand people turned out in london to protest against the austerity b

in spain as i said it's about the property bubble in. italy it's about the lack of competitiveness so you know one size doesn't fit all and unless angela merkel understands this then there will be no solution possible. solution possible and yet here we go another meeting another summit to address the problem what do you expect to come out of this round of chats. where there are only issues that are going to be the test with in this summit not only in spanish situation and the economic crisis i think nothing is going to be restored in relation to spain because spain has not yet agreed to the stereotype measures has not yet agreed to the bailout but a source of the talk that missed. if i'm wrong about eurozone but you again this is a very bad idea where they haven't really given an explanation on how this is going to work is it going to be an extra budget on top of the general budget of the european union or is it going to be within the budget of the european union people fear that this this is going to create. two speed europe and they do

in spain.a very a very much of an activist prime minister who volunteers more austerity then it's neither it by the creditor quite an extraordinary thing i really despite some reports saying too much nonetheless moody's unimpressed moody's is graded four of spades regions including catalonia the country's wealthiest region as it is how much of a blow for spain is that. well it's indeed a blow it must be said that these regions do not. do not collect their own taxes so you know way whether they have a deficit or not depends on the central government and that is the reason why catalonia in particular is now clearly asking for nothing less than the candidates because they think that if they are downgraded to be they if they have these huge deficits they have is because there is a fiscal imbalance that there is that they are treated unfairly by the central government and i use another crisis that is quite a serious one because what we're talking about the world of the survival of spain as a united

what happens to spain's rating which is a triple b minus which is not great if spain says we are readylout and european central bank says let's face it now? >> we think it would be a positive development of spain stocks did during over whether to request help or not and needs to request that helped if it is going to unlock the firepower of the european central bank in terms of bond purchases by the ecb. we have said this before. if spain was to ask for that support that wouldn't trigger down rated speculative by fitch. if it helps to stabilize the financing situation for spain as a whole and helps stop the flight of capital we have been seeing in the case of spain that does give the government some time to restructure the banking sector which it needs to do and deliver the reforms to get the economy going again. for us it would actually relieved the near-term pressure on spain's rating, to request support. liz: you would not see it as the negative if spain says we can't take it anymore and we need the bailout? what would you see as negative if you started to see the banks falter? some

correct the situation in spain is bad. >> was it sad to leave spain? >> not really. >> i studied marketing in spain and all the companies are closed. >> there's a lot of unemployment in the u.k. >> it's better than in spain. >> the number of people leaving spain is rocketing. the country's national statistics institute says that around 40,000 left in the first six months of this year. that is up 44% from last year. the u.k. is becoming an increasingly popular destination. around 77,000 spanish people are now thought to live in the u.k. the figure has risen by almost a third in five years. to work here you need a national insurance number. a rise in spanish applications exceeds that of any other country except pakistan. >> over the last few months, people had started to lose hope. i would say the recession has lasted long time. for a time people thought maybe things would change. now people say where's the light at the end of the tunnel? " there's more competition for british and still is looking for jobs. >> they will learn english and they will learn

protests kick off in more than thirty countries with the biggest rallies planned in the debt ridden spain but we live in madrid in just a moment. for an action looming in africa and green lights military intervention in mali to tackle islamists and the criticism of the un's actions in libya created the crisis. al qaeda calls for a holy war against the u.s. with its leader praising last month's attacks on american embassies and urging more protests over the film. from the family of a journalist working with the russian media in syria tells r t she's been kidnapped in an area of intense clashes between the government and rebels. just after midnight here in moscow this is r.t. international i'm kevin owen it's very good to have you company first this hour it's been described as a wake up call for the world against austerity global noise protests are planned for more than thirty countries throughout the week and one of the major ones has been under way tonight in the spanish capital let's go there live show and talk to r.t. to lexi rochelle ski alexy hi there's been a very noisy night behind

they are a product of that spain's property boom. others on the same development are cordoned off an empty. this is where they were going to build the school. this is a region with a hangover from spain's construction bubble are being acutely felt. take this company. five years ago, they employed at 180 people. about and worked here. if the firm -- ifails to get another contract in the next few weeks, they will have to close. the government has not just cut investments in buildings. this business receives public money to train the unemployed. income from the regional government has dropped by half. the government cuts are increasingly unpopular, and hard fell in this region. one in four people in spain are out of work. in this region, one in three. since the public sector is so important for the economy, austerity and the cuts to government spending mean there are even fewer jobs and less money in this part of spain. 1/3 of the work force are civil servants, who, with austerity, the public sector is shrinking, and if, as expected, sp

to 50% outside spain.at in spain today we have strength provided by the large corporations well diversified for the construction companies and providing support for the economy as a whole and for the exporting sector. >> let me turn to the banking system that you addressed. your remarks are very comprehensive, but there was one thing you did not mention. there has been a lot of concern about the kind of rolling we have our deposits in spain of the last months. .. >> third, you stress in one of the secrets of your success is the emerging markets. you charge of santander 50% of your assets were in an emerging markets. it shows that was latin america. have not moved into asia period much. is that deliver it? will that change in the future? why? was it a conscious decision not to enter the emerging markets beyond latin america? >> it is important to have the competitive bid vantage. -- advantage. you cannot afford to have your management capacities i do lose competitive advantage with the local competitiveness

passed nationalist parties won the regions elections in spain. russia's rosneft the world's largest oil producer and britain's b.p. plans to dump its part of a troubled joint venture with the russian company although. short break. more news today. these are the images the world has been. showing for asians to rule the day. nuking a fashionable side. radioactive fallout old government betrayal of the government. and lauded and lauded and claude how can the truth be revealed if there's no official evidence there was indeed a very bright day to the service make a search who will given no problem. and to the people of this country generally because all right deal like the full. the secrets of the u.k.'s nuclear tests exposed. and which brighten if you need to move from funds to impressions. who threw stones on t.v. don't come. wealthy british style. market why not come to. find out what's really happening to the global economy with monks cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. thanks. for

on the island of austerity keeps boiling in spain pushing dozens to the streets of big government malls shopping more confident in next year's budget. international news live from moscow this is on c with me. and welcome to the program this is haitian and bani walid the last bastion of colonel gadhafi supporters in libya is said to be fast approaching to a humanitarian catastrophe also briberies to the city reportedly shelled by gas filled bombs remain cutoff leaving locals crying out for international rescue middle east correspondent want to see a report you may find some of the pictures disturbing. the siege of bani walid has been on the go for almost three weeks now and in the last week alone dozens of people have been killed and injured in the clashes between pro-government forces and bani walid fighters there are reports circulating that quoting a libyan militia leader who says that the situation is under control and that the city has been cleared of gadhafi loyalists we are hearing the opposite from our sources on the ground they say that the situation is deteriorating by the minu

in spain in fact we're being told told by people here that there are over eighty protests happening inmadrid alone so there are hundreds happening all over the country now spain yours are highly dissatisfied with the way their government has been dealing with trying to solve the financial crisis in the country they're saying that the representatives who are sitting in the parliament are not representing the people who are standing here that there are problems are not being even thought about in the parliament now what are these people worried about they're worried about the social programs first and foremost health care education aid for the elderly they are also worried about the fact that spain has one of the highest unemployment rates in the european union which is about twenty five percent it has the highest youth unemployment rate which is that over fifty percent right now now the international agency moody's has downgraded four of spain's regions including catalonia which is the richest regions in spain considering the fact that the country is going through its second recession i

the constitution stipulates that spain is spain. they will not be ableo brk away. >> i fear that this will not only waste time, but the blood will be spilled. that would be the worst case scenario. it is easy to imagine rocks or even bullets flying. >> estelle and her friends in barcelona are not violent separatists. catalonian separatist are peaceful and democratic. they hope that success will follow, thanks to a typically cannelloni in quality -- teamwork. >> in the late 1960's, the protests against the war in vietnam changed the face of many western countries. demonstrators in the u.s. and europe took to the streets because they were sick of seeing photos of dead children and dead soldiers. imag can have a tremendous power. the opponents of the syrian president are aware of that, and photos are often the only weapon they have for fighting with in syria and abroad. >> the syrian flag flying proudly in the center of paris. it was hoisted here by syrian exiles, like a man who organizes daily demonstrations to highlight the massacre

is the road dependent nationalist party wins the basque region selection in spain plus. russia's rosneft in line to be the. the world's largest listed oil producer as britain's b.p. plans to get rid of its troubled part of the joint russian venture that and more after a break. for a decade of north austin terrorist attack. ex hostages blindness into their lives and after the tragedy. still gives try to cross over the past. because their future will yet be written. surviving terrorism ten years on our team. nuking a fashionable heights outside the. radioactive fallout of old government betrayal a government of law and lauded and claude and claude how can the truth be revealed if there's no official evidence there was indeed a very bright danger to the service make a search who will given no problem. and to the people of this country generally because already like the fall. the secrets of the u.k.'s nuclear tests exposed. and which brightened. the bounce from funds to christians. who threw stones on team dot com. it's believed. to be. a mission to free the critic a should

there's a bit of blow to struggling spain reporting on the staggering unemployment and mounting debt and nationwide desperation leading to another downgrade plus. reports of just back that wants to kick out exxon mobil from the super giant westcott the one who will project potentially the place to russian companies born the some of the stories to show for it. means in this story even for specialists how a voice can produce several sounds it kwame's petunias the art of throat singing comes naturally picked up like a language. a language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but also all surrounding objects like reverse forests and even stones of souls imitating the sounds they believe assumes to capture the power of nature. there are special instruments that accompany the singing guinea says there is even a legend about his instrument a gill it says once there lived a poor shefford who had the best horse that won every competition but jealous people killed it on the horse was revived as an instrument. those

spain's unemployment rate rises 1.7% in september. further weighing on market sentiment as rumors circulate madrid could ask for a bailout as early as this weekend. australian central bank has a 25 basis point rate cut, throwing up red flags on fallen commodity prices. and germany's biggest ipo does get off to a pretty good start, shares trading higher at the open. plus banks waiting a report expected on to recommend splitting retail and investment banking. we'll speak to the man in charge on cnbc later today. >>> kelly is off for the week, so jim is here with me. >> thank you. >> need extra reinforcements. and they don't come any better than having you on this morning. we had spanish unemployment out this morning and i know we have to talk china and australia, but on your travels at the moment, what do you think of the rather nonlinear as you put it in your notes, this nonlynn krer progress where we're at, the ecb waiting. economics is getting worse. >> well, actually, let me start with the last point you made. and the very latest ma

rating agency, down graded spain's credit rating by two notches. where does it leave spain? on the cups of junk status. this is the last thing that the prime minister wants or needs because it will make the cost of barring higher for the country. let's remember next year, 2013, spain needs to borrow from the international market $260 billion. that will be awfully difficult to do with a credit rating on the cusp of junk status. the other problem, you've got a rock and you've got a hard place. where's spain? >> in the middle? >> right in the middle. because basically down graded spain's credit rating because it hasn't asked for a bailout. moody, the other big crating agency says if spain asks for a bailout we'll down grade you. the standard report also highlighted countries. listen to this one. >> about the regional problems with the central government. and that's, i think an indication about the problems up in that northeast region of spain. of course barcelona is the capitol, essentially that region has said we're not getting enough money from the central government. we're g

in the program of spain suffering a lots of economic troubles now facing a new challenge a separatist movement in one of the richest spanish regions could come to fruition after the results are released of sunday's regional voting plus. russia's ra's fast said to be the world's largest most of the oil producers of britain's b.p. plans to get rid of its troubled portion of the joint russian venture all that and more after the break. the north cost terrorist attack. ex hostages blunders into their lives after the tragedy. still gives try to cross over the past. because their future. be written. surviving terrorism ten years on r.g.p. . fifty feet. fifty. eight. mission and free accreditation free transport charges free the maintenance free. free studio tied free. old free broadcast quality video for your media projects a free media oh god r t dot com. good laboratory to mccurdy was able to build a most sophisticated robot which fortunately it doesn't give a darn about anything turns mission to teach me the creation why it should care about humans and work this is why you should care onl

and you can log on to our team down com to find out more about spain's budget plans which truth funnelson to the streets of madrid last night we've also got the pictures from the thronging masses in respect of capital. plus blasting off to space with goldfish check out our firsthand report on the new i.f.'s mission to lift off and learn about some of the personating terms kegel for the next shift in orbit. of the meter is next with business news and dmitri global's rating giants like standard and poor's are about to face more competition on the market that's right and russian companies are among those pooling in to create this new raisings agency it's a. to be completely independent of any national corporate interest. explains. there are only three credit ratings agencies with global reach moody's standard and poor's and fitch and they are all american and some would say subject to the same kinds of wall street bias all three have had a bad financial crisis failing to predict in two thousand and eight the imminent downturn at the time they were giving the highest possible credit rating

states could get another boost in spain which is holding regional elections independence parties are widely expected to win in the basque region a challenge for the beleaguered government which also faces separatism calls in catalonia economics blogger gonzalo says the debt crisis is the main reason behind the desire to break away. with economic problems and economic discontent you have the urge to split away from the majority because you feel that the majority as a minority you feel that the majority is not cognizant of your problems as are helping you to overcome and it's a certain kind of blinders that the minorities will out that they feel that they are not being taken care of when in fact everybody suffer an equal be and this is the case in spain everybody suffering under the sea and stood. by them each independent region each of you just on this region feels a day in particular are being made to suffer or its impact the entire country to be huge unemployment issue in spain the fifty percent youth unemployment and twenty five percent joe adult unemployment and the problem of the

quet the question is if they cut spain to junk status. we do have the ecb, there is a backstop on bond buying program. and they made a commitment that they stand ready to help out spain if it makes a formal request. that is the key whether spain is going to turn around and say it does need the help from the ecb. you know, borrowing costs to day, corporates in spain, that's gone up along with the actual yield on spanish sovereign debt. back to you. >> amazing story. karen tso, thank you so much. still ahead this morning on "way too early," the as find a way with the season on the line in the ninth inning, the team that came back from 13 games down to win the division comes back again. play-off highlights and incredible highlights ahead in sports. plus, stephen colbert turns to the 7-eleven poll. which giant cup is selling better there, the obama one or the romney one? that clip and a check on weather when "way too early" comes right back. >> on several occasions thomas told me of his own sexual prowess. because i was extremely uncomfortabl

controversial mines -- gold rush in spain.nd flexible giant -- polar bears in the arctic summer. >> the czechs hard to beat when it comes to drinking alcohol. statistics say they consume more than any other eu nation, but they have also made a name for themselves as alcohol producers. the original budweiser beer, for instance, comes from the czech republic and not from the u.s. but hard liquor is also in high demand, and it is expensive. the czech police have arrested members of a gang who made a fortune selling tainted liquor. more than to give you a dozen people died after drinking it, and numerous others are less scarred for life. >> vladimir drank just one glass of from the fourth watching a football game, but something tasted wrong. now he is lying in bed in the hospital blind and seriously ill, just like 20 others in his neighborhood. >> it was like somebody suddenly turned the lights off. everything went great. then my daughter brought me to the hospital. by that time, i could only see silhouettes. >> now? how's it now?

see reporting from madrid in spain. and it's not just the rising breakaway sentiment and catalonia now but now the very real prospect of a bailout that's threatening spain's unity and pendants as crisis management expert margaret bogan rain has been telling our team. spanish government just reported or you know just resigned to the austerity have each in twelve months to try and both jump start the spanish t.v. key and cut back on expenses at the very least the spanish economy needs at least a hundred billion euros to get back on it and as reste demonstrated even if that nap is going out in the first round you may need a second round so you brought up international lenders european union in september is that ok we may be comfortable offering an unlimited bailout to countries like spain or italy here's the issue that i am that needs to help us out well when the i.m.f. and most economic offers this you see i have met you and heard the government. syria has been turkish civilian flights from entering its airspace earlier t

in spain, the number was 37%. while portugal saw sales crumble 31%. germany saw a fall of 11%, the eu average. britain was the only market where sales grew. europe's dealers are offering big discounts just to keep the wheels turning. one in three cars leaving the lion's of timber was a discounted test car or company vehicle. now, europe's biggest car maker, volkswagen, is joining the discount war by cutting the price of the golf 6 by around 20%. >> how did that news go down with german traders? our correspondent has more from the frankfurt stock exchange. >> the heavy slump on the european car market was the only bad news. in general, the mood was very good. investors are getting more optimistic for the german economy, and lots of positive u.s. corporate numbers fueled the mood. goldman sachs profit rose much higher than expected thanks t the strong investment banking. shares of banks could profit from these results, driven also by speculation that spain may get help very soon. >> let's get a closer look at those gains on the global market. we stick i

is what we talked about, is it possible for spain -- spain raises a hand and this 1425 level will hold. >> i don't know how that helps global growth. >> it absolutely doesn't. the knee jerk will be -- >> i think we priced it in already. >> we are nearing that 1425 level right now in the futures trade. something we will be watching in the after hours session. >>> yum brand seeing a pop today. >> i think we priced in a lot of bad numbers. >> we dare to hold. >> tim is daring to hold. >> one of the best. >> can i yell some long and strong and strong and long? >> at the end of the day what are we getting now which is really the question about yum? i think on the charts 74 is where you care and want to breakthrough. there are a couple of upgrades. the keys are to me are they maintaining margins in china. dave no vac said 15% is where we will stay in china even though the chinese economy will be choppy. india is the next china. they are talking 1,000 stores by 2015. the 18 times multiple that this stock is trading at which is not terribly cheap will hold. if you want to know where investor s

not germany, nor spain.hat alone could put us closer to a bailout. >> the spanish government says it will consider applying for aid once it has explored all options and conditions. >> despite the bad economic news in europe, germany's traders were in an optimistic mood. we have this report from the frankfurt stock exchange. >> germany is getting prepared for economic weakness. in other places of the world, signs of recovery are coming up. better than expected economic data from the united states pushed stock prices of words here in frankfurt. also bit unexpected were quarterly earnings reports, the ones from walmart for example. shares of siemens made an exception, though. they were among the losers on this thursday. siemens says its ceo announced job cuts and cost cuts. profit targets which they had set might not be met within the timeframe that siemens had imagined. >> let's take a quick look at the numbers now in frankfurt. the dax ended the day up by more than 1%. europe -- euro stoxx 50 up by 1.25%. the

the pain in spain. >> get it, spain and pain? put them together.ley: yes. >> my futile attempt at creativity. it is half past. let's get a check on the markets as we do every quarter hour. nicole on the floor of the new york stock exchange with a guest for us. nicole: we were just actually talking about the 25th anniversary of 1987, the crash of 87. we won't go into that, but let's talk about what we're seeing here today, up arrows across the board. what do you think? >> i'm very surprised because we were up premarket. then we sold off. really flat all morning after we got the advanced retail sales which was a good number. but the market struggled again. struggled right on that 50 day moving average. technically it is still trying to make sure that that's a level of support. now we have seen the market turn right around. citi bank earnings are helping that. what's interesting as we get into it, citi bank, the earnings are great. they are layyng off more people, getting rid of unwanted assets, shedding all the excess. that's all great but it doesn't