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Need to Know News: Stocks sink 2% at market open; Federal Reserve plans to keep interest rates low
August 10th, 2011
10:21 AM ET

Need to Know News: Stocks sink 2% at market open; Federal Reserve plans to keep interest rates low

Each day, we here at "Piers Morgan Tonight" put together the news you need to know – from what happened last night to what will happen today.

For August 10, 2011 – Stocks sink 2% at market open, Federal Reserve to keep interest rates low, defense and prosecution in Michael Jackson case ordered back to court...

Stocks sink 2% at open in yo-yo market: "U.S. stocks fell sharply at the open Wednesday, following the previous session's huge rally in the aftermath of the Federal Reserve's pledge to keep interest rates exceptionally low through the middle of 2013."

• Federal Reserve plans to keep interest rates low until 2013: "The Federal Reserve painted a much gloomier picture of the economy Tuesday, and indicated it would keep cash cheap and easy for at least two more years."

• Defense & prosecution in Michael Jackson case ordered back to court: "The judge in singer Michael Jackson's involuntary manslaughter case has ordered the prosecution and the defense back to court Wednesday morning to discuss discovery issues."

• Hacker group vows to 'kill Facebook': "Apparently, "Anonymous" won't be accepting your friend request. Members of the shadowy collective known for its politically motivated Web hacks and attacks are targeting Facebook for what they claim to be the social-networking giant's misuse of personal information."

• Is, 'The Help' heroic or stereotyping?: "As the film "The Help" opens nationwide today, it faces the same challenges and criticisms of the best-selling novel of the same name." Bryce Dallas Howard, who plays the role of Hilly, will be on "Piers Morgan Tonight" later this week.

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Filed under: Need To Know News
soundoff (7 Responses)
  1. james McKinnon

    CNN is refusing to publish soundoff comments critical of Piers Morgan's role in the phone-hacking. They've dumped two of my posts referring to Morgan's illegal conduct...CNN is increasingly desperate to protect Morgan.

    August 10, 2011 at 11:44 am | Report abuse | Reply
    • Josue

      Erma, thank you for telling your story. I hope more peploe will sign up to be donors. I signed up way back in 1995 and I am still ready to answer when I'm called.

      July 31, 2012 at 12:57 pm | Report abuse | Reply
  2. IKHAN

    Responsible for landing US in a fiscal & financial mess, embroiled in wars which are going nowhere 96 of our glorious law makers (20% of the House of Rep) would be visiting Israel in the next three weeks to pay homage.
    Two delegations, first Dems & the the Repubs quite a large number of these freshmen, would be spending time in Tel Aviv to thank powers there to get them elected & for keeping them in power in the US.
    While we the ordinary Americans continue seeing US decline , suffering and wondering who to turn to.
    In case some of you have been on another planet, this is the first thing that quite a few of our lawmakers do after being elected or re-electd.
    What a sorry state of affairs.

    August 10, 2011 at 11:55 am | Report abuse | Reply
  3. Serge Crespy

    (WITHOUT PREJUDICE)
    Investigating beyond the economy, moniey, credit, jobs, deflation, inflation, and attempts in general to return to a cofident system of governing, the prevailing, 'mostly unknown' fundamental issue is the "Timeline" of The Great Seal of The United States of America; a design revision has been under consideration ...... Tampering with the symbolic and existing, thirteen colonial stars', "Star of David" formation above the Great American Eagle is contributing in the precipitating collapse of the World's Economies.

    Leave well-enough alone!

    Serge Crespy
    Collingwood, ON

    August 10, 2011 at 4:39 pm | Report abuse | Reply
  4. F Roberts

    Why can't the Fed just announce they plan to start selling some of the US gold suoply? Gold prices would plummet and we would drastically reduce the national debt.

    August 11, 2011 at 12:24 am | Report abuse | Reply
  5. Fatih

    The photos of Morgan are great. She is a very spaciel young lady, and I am proud to be her uncle. You have captured her in such a natural way. Great job.

    April 3, 2012 at 7:47 am | Report abuse | Reply

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