Stocks tumble as Americans brace for new unemployment figures

As European nations in the Iberian Peninsula fall deeper into debt, the U.S. markets came tumbling down on Thursday, with the Dow Jones Industrial Average closing just above 10,000 points. All this comes hours before new jobless numbers are released.

We talk with Marcus Mabry, international business editor for our partner The New York Times and Dan Gross, senior editor and finance expert at Newsweek. They explain what this week’s bad economic news can tell us about the ongoing recession.