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Wednesday July 25, 2012 Happening Now

New concerns about the weak state of the economy today.

You've got new weakness in the European economy - even Germany struggling.

There is growing concerns over the health of the Chinese economy. Earnings

reports in the U.S. have been weaker than expected (Apple disappointed

investors last night after the bell). Stocks are down this week in the U.S. and

fell again overnight in Asian trade. There are also fears a key GDP report due

here this week will not have good news for the U.S. economy. Now the U.S. is

facing a huge new tax and spending fight that will coincide with an election.

New polling by the Wall Street Journal suggests a quarter of Americans expect

the economy to get worse over the next year. The Federal Reserve is reportedly

considering moves to intervene and expand its stimulus campaign. We'll ask Joe

Trippi what all this means to the race for the White House.

0930EDT -- The House Financial Services Cmte holds hearing on

"The Annual Report of the Financial Stability Oversight Council."

Secy Geithner testifies. LIVE

President Obama is in Seattle this morning. He heads to New

Orleans later today for fundraisers and comments at the Urban League

Convention.

Mitt Romney heads to London today for his first overseas

trip as the GOP nominee. He'll be in England, Israel and Poland. Carl Cameron

is with him. Please note that Romney unleashed a blistering attack last night

on President Obama's record.. both on foreign policy and on the economy.

Romney also attacked the White House over national security

leaks. CA Senator Diane Feinstein, however, has walked back comments she made

suggesting the White House was behind those leaks.

We'll also be covering the huge fight that's now taking

center stage in Washington.. The battle over sequestration and the Bush and

Obama tax cuts. If Congress doesn't act, massive spending cuts are due to go

into effect at the end of the year.

Homeland Security Secretary Janet Napolitano also scheduled

to testify today. We'll mine for sound.

1000EDT --

The House Homeland Security Cmte holds hearing on "Understanding the

Homeland Threat Landscape." DHS Secy Napolitano and Natl Counterterrorism

Center dir Matthew Olsen testify. LIVE

Several new developments in the massacre at the movie

theater in Aurora, Colorado. James Holmes remains in solitary confinement.

Lawyers spent an hour and a half inside the movie theater last night. We're

getting new reports from eyewitnesses including some that suggest Holmes

stalked the theater shouting and shooting. Holmes's apartment building was

searched again. Actor Christian Bale (star of "The Dark Knight Rises") visited

with some victims. We've also learned there will be no cameras in the court

hearing Monday when Holmes is to be charged.

New concerns about the growing influence of Al Qaeda among

Syrian rebels. We'll ask guests about that. That news coming as violence

continues to spread inside Syria. Dominic Di-Natale is on the Israeli border

with Syria.. where Israel is increasingly concerned over soldiers crossing into

its territory, the threat of fighting spreading over its border and the threat

from chemical weapons of mass destruction. Israel is handing out gas masks to thousands

of border-area residents. In a strange twist of fate, Iraqis who fled Iraq to

Syria during wars in Iraq are now fleeing Syria to return home.

Clint Henderson is the Executive Producer for “Happening Now” and an avid traveler. Follow his adventures on Twitter, ClintPHenderson, and Instagram, clintpage1.