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October 27, 2011
economy came out just minutes ago. christine roman has those and then zain verjee looking at reaction to a deal made on the debt crisis and alison kosik at the new york stock exchange where your 401(k) could enjoy a big day. christine, lets go ahead and start with you. before we focus on the big debt deal, if you dont mind, lets talk about what this means. tell us about the economy and the good news were getting. >> all right, first of all, gdp. how the economy grew in the most recent ...
October 27, 2011
ripples of relief spread from europe across the world market. a deal has been reached to tackle the e.u. financial crisis. european leaders have agreed to expand the e.u. bailout fund while private sectors will take a 50% loss on greek bonds. the european agreement translated into a huge day for u.s. stocks. lets go to alison kosik at the new york stock exchange. the closing bell just rang. how did stocks finish? we dont know the final number, but we know its very positive. >> it is. t...
October 27, 2011
nearly three years ago. occupy wall street protesters were met by police. clashes break out, arrests were made. on this "american morning." good morning to you. it is thursday, october 27. welcome to "american morning" an incredibly busy morning. >> it sure is we start with europe. investors across the globe, news theyve been waiting for. europe striking a deal to address its long-running debt crisis. this agreement made overnight after a marathon 11 hours of talks. that has sparke...
October 27, 2011
they also agreed to boost the eu bailout fund to a trillion euros, details still pretty vague. theyre requiring european banks to keep more cash reserves as a cushion against losses. so why should americans care? well i mentioned stocks but that is just the start. my colleague alison kosik has a whole lot more from the new york stock exchange. first, catch us up on the markets, both here and abroad. >> okay. randi, first stocks are at some of their best levels of the session, the dow...
October 27, 2011
social unrest and pushing for a plan for raising taxes on the wealthy. >> it appears the politics of division are making a great comeback. instead of working together where we agree, the president has opted for divisive rhetoric and broken politics of the past. hes going from town to town impugning the motives of republicans setting up scapegoats and engaging in lazy arguments as he tries to build support for punitive tax hikes on job creators. >> he went on to say that many americans ...
October 27, 2011
using their shoes. lets begin with you at the new york stock exchange. tell us about the dow and in doing so, talk to me about europe. >> reporter: okay. the dow has been in rally mode all day. right now its at 358. the nasdaq s&p had been in rally mode. for the market overall, it is shaping up as one of the best months ever. this all happening because this european debt deal is giving investors a big shot of confidence. this is deal that wall street has been waiting for. these debt pr...
October 27, 2011
hit by an interest hike. lets all go "outfront." im erin burnett. "outfront," count down to another downgrade of america? the super committee held a rare public hearing today. theyre the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they dont do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five ...
October 27, 2011
im erin burnett. "outfront," count down to another downgrade of america? the super committee held a rare public hearing today. theyre the group of 12 charged with cutting the deficit by at least $1.2 trillion. if they dont do it, we can end up on a rate to higher interest rates and a lower standard of living. here are the dates we need to watch. november 1st, cbo says the super committee must submit their plan for review. that is five days from now. november 23rd, that is the deadline ...
October 27, 2011
breakthrough for mitt romney? hes ahead of his rivals in four early voting states. we have the results of the latest cnn/time/orc poll. plus, this is sure to wake you up. bp has gotten the green tlit drill in the gulf of mexico. good morning to you. its thursday, october 27th. this is your "a.m. wake-up call." wall street investors are waking up to some encouraging news to the delight of the united states and markets around the globe. unileaders have worked out a deal to resolve th...
October 27, 2011
wealthy. >> to my great disappointment, it appears the politics of division are making a great comeback. instead of working together where we agree, the president has opted for divisive rhetoric and broken politics of the past. hes going from town to town impugning the motives of republicans setting up straw men and scapegoats and engaging in lazy arguments as he tries to build support for punitive tax hikes on job creators. >> he went on to say that many americans share my disappointm...