TOPICS > Economy

News Wrap: Europe Concerns Drive Down Markets

June 25, 2012 at 12:00 AM EDT
LISTEN SEE PODCASTS

TRANSCRIPT

JUDY WOODRUFF: Still to come on the NewsHour: more on today’s other Supreme Court decisions; no life sentences without parole for juveniles; and no limit on independent corporate political expenditures; plus, a new Egyptian president; and the upcoming Mexican elections.

But, first, the other news of the day. Here’s Hari Sreenivasan.

HARI SREENIVASAN: Wall Street slid today amid renewed doubts about reining in Europe’s debt troubles once and for all. Investors showed little faith that European leaders will achieve much at a summit later this week. The Dow Jones industrial average lost 138 points to close at 12502. The Nasdaq fell 56 points to close at 2836.

Seventy-nine American teenagers forced into prostitution have been rescued in a three-day sweep across the U.S. The FBI said today that 77 girls and two boys ranged in age from 13 to 17 years old. They will be held until they can be placed with child welfare agencies. More than 100 alleged pimps were arrested in the crackdown that targeted 57 cities.

Major new wildfires kept growing in Colorado today after erupting over the weekend. One blaze, at the base of Pike’s Peak grew to more than six square miles on Sunday, forcing 11,000 residents to evacuate. Many were allowed back today, but firefighters still faced a struggle with weather conditions.

GREG HEULE, Public Information Officer: Well, 34,046 acres still at zero percent containment. We haven’t made any actual containment on that today or to this date. Today is going to be a tough day, tougher than yesterday, 90 degrees, upper 90 degrees, that type of temperature; 25- to 30-mile-an-hour gusts are predicted, wind from the South. So the wind will be coming up this direction on the fire.

HARI SREENIVASAN: In northern Colorado, a huge blaze continued burning west of Fort Collins. The High Park fire has destroyed nearly 250 homes since it sparked to life two weeks ago.

Meanwhile, the governor of Florida declared a statewide emergency amid day-long downpours from Tropical Storm Debby. Up to 25 inches of rain drenched northern Florida as the storm stalled 75 miles offshore in the Gulf of Mexico. Neighborhoods up and down the coast reported flooding. Forecasters also warned of potential tornadoes. At least one person was killed by a twister, and another man disappeared in rough surf on Sunday.

Former Penn State assistant football coach Jerry Sandusky has again proclaimed his innocence. He was convicted Friday night of 45 counts of sexually abusing boys over 15 years. Today, one of his lawyers said Sandusky wants people to know he’s not guilty. The one-time assistant to Joe Paterno will be sentenced in about three months.

There was word today of growing defections from the Syrian military. Turkish reports said two Syrian generals and dozens of troops have crossed into Turkey, where a rebel group, the Free Syrian Army, is based.

Meanwhile, the Syrian government insisted it was acting in self-defense Friday when troops shot down a Turkish warplane. Turkey said today Syria also fired on a search-and-rescue plane. The Turks warned the incidents will not go unpunished.

Those are some of the day’s major stories — now back to Judy.