steve hindy treats his employees to a trip to europe, but even that comes with work. that's next week on "the boss." >>> let's take a quick last look at how the markets have been trading this day. they've been open for just under two hours in europe now. that's the picture losing a little more now, the ftse down by 1%, xetra dax down by 1.3. this is due to the lack of developments coming from the much-hyped summit meeting between nicolas sarkozy and german chancellor angela merkel, looking for some solution or roadmap for dealing with the european debt crisis. the markets didn't get what they were looking for. that's the result. interestingly the proposition of a financial tax orr tax on financial transactions has hit the listed markets. the lse in london and the buch boss in frankfurt down by 3% today. coals burg is down by 14% after it missed expectations. there are serious problems in europe because people aren't drinking beer like they used to evidently. quickly here in asia, the markets are more mixed. japan was down, hurt by the tech sector there. that was off t

. >> reporter: so to europe they went, all paid for by their boss, steve hindy.at's next week on "the boss." >>> the american and canadian labor day holidays are coming this weekend, those people pause to rest and pay tribute, some say the days of the labor union in america are numbered. poppy harlow looks at that just ahead. . >>> from cnn london i'm nina dos santos. >> i'm andrew stevens at cnn hong kong. welcome back to "world business today." >>> let's take a look at how the markets are faring in europe, 90 minutes into today's trading session. broadly speaking, more or less all positive. there's a reason for this. it's because the release of the minutes from the latest federal reserve meeting in the united states indicated some of the members there on the rate-setting committee could be favorable towards more financial and fiscal stimulus. that is what has the markets up. as you can see the cac 40 pouring ahead up 1.5%, despite the fact that the largest retailer in france has come out with a loss in his figures. not enough to bring down the cac 40, that mark