Quick Overview

• Germanys Merkel announced that all private deposits in German banks would from now on be guaranteed.
  
  

• The USDA said:
  14% of the corn crop was harvested, down from the five-year average of 30%.
  31% of the soybean crop was harvested, down from the five-year average of 41%.
  16% of the cotton crop was harvested, down from the five-year average of 24%.
  59% of the winter wheat crop was planted.
  

• Bank of America announced a dividend cut and a plan to sell $10 billion in stock to raise capital.