tonight. ratings agency fitch says they re going to downgrade america s outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that s a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what s your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. it is about the failure in was
ratings agency fitch says they re going to downgrade america s outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that s a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what s your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. it is about the failure in washington.
acquaintance but white said they were much more than that, beginning in the late 1990s when cain headed the national restaurant association. unlike the women who accused cain of sexual harassment, white says her relationship with pretty simple and very inappropriate. cain told cnn s wolf blitzer he had no plans to exit the race but today he said he is quote, reassessing. wolf joins me live just moments from now. and moments ago in los angeles, conrad murray was sentenced to four years behind bars for the death of michael jackson, the maximum term and exactly what prosecutors war asking for. convicted of involuntary manslaughter forgiving jackson a anesthetic to sleep. the judge said murray is dangerous and completely without remorse. vice president biden in baghdad this hour. it s his eighth trip to iraq since taking office and almost certainly his last before u.s. forces pull out at the end of the month. he s due to meet with iraq s prime minister and president and commemo
and david mattingly, we ll begin with you. herman cain says he s reassessing. the word reassessing, what exactly does that mean and how long do they reassess? he s had to pause and reassess in his campaign before during setbacks. but this time it s a huge setback. this woman in georgia coming forward and saying that she and herman cain have had a sexual relationship, an affair for the last 13, almost 14 years. now, that is something that definitely give his campaign pause. so they are stepping back. he s maintaining his appearances for the moment. he might be reconsidering what interviews, grants in the near future. but at the same time, a top ranked official with that campaign tells cnn that they are looking at what s going to happen to the contributions, of course, without money the campaign can t go anywhere. of course. and i remember after the initial sexual assault allegations a couple weeks ago, he said that his campaign funds actually went up. but if you look at th
i m erin burnett. outfront tonight, ratings agency fitch affirms of the united states aaa credit rating but says guess what, we re going to downgrade your outlook to negative from stable. this happened after the markets closed. obviously, something negative and all relate the to the lack of action and the failure of the supercommittee, still stocks is soared on wall street. because the markets closed before that action happened. the dow up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales over thanksgiving surged. that s a fair word. they were up 16%, according to the national retail federation. ibm says it was the best kickoff to the holiday shopping season ever. topping it off today the federal reserve said household debt fell $60 billion. the outfront strike team called this optimism. 85% of them said they were not going to go into recession. when the pundits of america were sure of just that. well, as you can see, they ended up bein