fitch, one of the major agencies that judges america s financial health, saying that america s aaa, among the best in the world, is in danger of being lowered because the political brinksmanship could increase the risk of a u.s. default. a startling warning that because of the showdown in washington, america may not be able to pay what it owes. the deadline is looming. rating agencies are talking about downgrading us as early as tonight. again. reporter: two years ago when one of the big agencies downgraded america, it triggered one of the worst days for your money in wall street s history. the dow plummeting 635 points. a 401(k) worthless. a 401(k) losing money. the u.s. still facing issues ahead. without a deal this week, experts warn of a domino effect, not just the dow plunging but higher interest rates, more
have the first sunday talk show use a lie detector. stick around. rapid response panel coming up. i m hampton pearson with your market wrap. the dow plummeting 170 points, the s&p 500 dropping 26. the nasdaq slumping by 79 points. home prices went up. 9% in june and surged more than 12% over the last year. consumer confidence rose to 81. as more americans are optimistic hiring and wages will improve. and tensions in the middle east drove crude oil prices to $109 a barrel, the biggest one-day gain this year. that s it from cnbc. first in business worldwide. aaaaah! theres a guy on the window! do something, dad! aaaah! aaaah! what is happening? they re rate suckers. their bad driving makes car insurance
they have left from looters. is they found shelter in large part? you know, for the most part, long beach is deserted. take a look to my right. can you see the homes here. see the things left on the street. people here have a sense of resignation. they have in great american given up there are a number of people who are still here. a small number of people. we have seen a number of candles in windows. shep, underscoring the sense of frustration and perhaps bitterness here just not far from where i m standing there is home boarded up and signage has written on it hurricane irene, bring it on. that was a storm last year. people here feel they are getting pounded and they feel like the situation is only going to get a lot worse before it improves. shepard: david lee miller on a cold and snowy night on long island. one day after of the election, wall street suffered its worse losses of the entire year. would you look at this. the dow plummeting 313 points to close below 13,000. nasdaq
the banks that were too big to fail are bigger than ever and still making multimillion dollar bets. i m wore blitzer, you re in the situation room of . the latest skirmishes are being fought on college campuses with both president obama and mitt romney but neither candidate is saying much not saying much at all about same-sex marriage. our chief white house correspondent jessica yellin is joining us from new york so. jessica, what exactly did the president say when he addressed the graduates today? reporter: the president had a real message of empowerment and a little bit of politics. from president obama a message to female graduates that equality can be theirs. it is simple math, today women are not just half this country, it s half its workforce. reporter: if they work for it. don t just get involved, fight for your seat at the table. better yet, fight for a seat at the head of the table. reporter: wonder if this is part of the campaign s apile to women voter
good morning to you. this is your a.m. wake-up call for friday. happy friday. it s november 18th, from the time warner center in new york, i m carol costello. here are the morning s top stories. another child sex scandal at a major university. syracuse university has confirmed that basketball assistant coach bernie fein has been put on administrative leave. one of his accusers talking about more than a decade of abuse that started in sixth grade. he thought president obama was the antichrist. the man accused of taking shots at the white house, now accused of trying to assassinate the president. and cleaning up and recovering after deadly storms tear through the south. the storms started in texas and tore a path to the carolinas. at least six people were killed. let s head to atlanta and check in with meteorologist reynolds wolf. hopefully the rough weather has ended. in part of the we begin to see things ramp up. you have the cleanup in its wake that s remaining. as w