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Morning Business Outlook: 12/20

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  • Description

    Stocks take a tumble Monday amid fears of European debt crisis

  • Duration 1:10
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Stocks tumbled Monday and once again fears over the European debt crisis were to blame for the decline.

Bank stocks led the retreat as investors also fretted over new regulations here in the US that may take effect this week.

These regulations may require banks to hold more cash in reserve for shocks -- leaving him with less capital of the land for economic growth or make money off -- Outside of Europe in those regulations investors are keeping an eye out for the latest data on housing starts as well as earnings from General Mills Carnival cruise line Nike and Oracle.

What you think your 401K is in bad shape this year you're clearly not alone.

In fact nine out of ten diversified stock mutual funds are lower this year according to fund tracker firm Lipper.

And it's -- sob story of sorts for some gear heads carmakers sobs Dutch owner has filed for bankruptcy.

Would nameplate -- not produce cars since April it had hoped for a cash infusion from a Chinese automaker to keep the motor going.

Yet -- former auditor General Motors vetoed that plan -- -- licenses key technology to sovereign does not want that falling into the hands of arrival.

For more on business making news log on to foxbusiness.com.

In New York I'm Robert --

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