video transcript

European -- extend their losing streak roiled by deepening turmoil in the region and fears of contagion the Euro -- slips and a full month -- The main news headlines on gorgeous today tomorrow and rose to Spanish bonds but at a price that's bond yields surged. It brings closer primus a -- poised fear that the country may soon be unable to borrow. Fonts is -- finance minister PM Moscow -- she confirms the country's new socialist government. No one's ratify the EU's fiscal pact insisting that it must be provisions for growth. And HSBC's two billion dollar boost Europe's biggest bank doubled the gains and expect from its turnaround plan. As it targets emerging markets and slash its costs. -- VC BS stop providing liquidity to Greek banks adding to already frayed nerves Spanish bank bank gesture has slumped on unconfirmed reports of a run on deposits. -- -- -- David needs to be. Large scale and European intervention to stem the panic and that would be hugely expensive and economic dams and politically so best. We don't go down that road and that's why it's very important for irresponsible policy makers who are playing this high stakes game of chicken to shut up. And if they do want to talk it didn't wanna have a proper negotiation haven't behind closed doors because everybody else is listening. G-8 leaders meets tomorrow at Camp David ahead of the board -- G-20 summit talk with the agenda Europe's crisis on the impact degree gets taken out on the global economy. The rich are about to get rich -- FaceBook the third largest IPO in US history begins trading Friday its shareholders stand to reap more than fifteen billion dollars. I found a mock talk about picking up a cool billion some analysts say the stock could rise sharply on -- state. I think on the first day will we be making a great amount kids and -- and market cap and I think an environment is -- -- hundred and that's the billion dollars sound as -- clients think he's going to be on the first night. -- have a -- Linkedin when I floated almost exactly a year ago the set prices up 30% have on its high on the -- I think that the -- I definitely will be a success I'm. But it's a big question after the iconic senate profits to keep that sort of market cap fighting and much much bigger questions over the -- -- time I -- That's have announced they change recited for all the latest business economic and market news IMAX -- lose his --