A couple of hours after President Obama made the announcement about the restructuring of the Detroit automakers, Chrysler said that it has reached an agreement with the Italian automaker Fiat, on the shape of their alliance. On the line for Chrysler is another $6 billion from the U.S. Treasury, or else. The business alliance will need to be put in place within the next 30 days, so the clock is ticking. The problems in the auto industry are certainly not new, but the markets are reacting negatively to the strong push by the federal government for Detroit automakers to restructure under the threat of cutting of the aid. Maybe, the investors are just reacting to a lot of uncertainty in the U.S. economy and the future of the global economy. The G-20 Summit participants so far lack agreement about how to proceed in solving the challenges the global economy is facing. And that is certainly not inspiring confidence in the markets. By mid-afternoon trading all the major stock exchanges slid: the Dow Jones lost almost 300 points, 3.9% of its value; NASDAQ, and S&P 500 both lost over 3%, as well. Also today, a massive cyber attack affecting over 1,200 computers in 103 countries has been uncovered. Government agencies and embassies are said to have been targeted by a network based in China. Chinese government has not accepted any responsibility.