i'm tom hudson. good night, everyone, and good night to you, too, susie. >> tom: good night, tom.harib. good night, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video: to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. 'm very sorry, sir.

i'm tom hudson, good night to everyone, and you, too, susie. >> susie: have a great evening, tom. i'm susa "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org [mysterious music] ♪

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening. violent demonstrations in greece today left three people dead in athens. susie, thousands of workers took to the streets, protesting tough cost-cutting measures that the greek government says are needed to pull the country out of a severe debt crisis. >> susie: tom, those demonstrators are angry about cutbacks including wage freezes, higher taxes, and cuts in pension benefits. those austerity measures are conditions set by the european union and the international monetary fund in exchange for giving greece $145 billion in bailout money. >> tom: the situation is so serious that greece's prime minister said the country is, quote, "on the edge of the abyss" and there are worries about contagion. moody's today said it might cut portugal's debt rating. >> tom: the clashes and concern about europ

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. more selling on wall street today with all the major indexes closing in the red on new worries about the european financial system. tom, this time investors reacted to the bailout over the weekend of a troubled savings bank in spain. >> tom: susie, caja sur is a small bank, but it could spell bigger problems for european debt crisis. the bank of spain took it over, giving it access to about $690 million in emergency money. >> susie: the euro today also fell sharply again against the u.s. dollar and other major currencies. it has dropped 7% in the past month alone. the big question here is whether these cracks in the european system will affect american companies and our economy. joining us now to talk more about this, mohamed el-erian, c.e.o. of pimco, the world's largest bond