good morning, it's thursday, november 10th. this is your "a.m. wake-up call." i'm carol costello joining you live from new york this morning. >> the board of trustees have decided that effective immediately, dr. spannier is no longer president of the university. in addition, joe paterno is no longer the head football coach, effective immediately. these decisions were made after careful deliberations. and in the best interests of the university as a whole. >> this morning pen studen stat alumni and students are waking up for the first time in 46 years without paterno leading the nittany lions. the president is also out. our mike galanos reports from outside the school from state college, pennsylvania. >> reporter: emotions boiled over as the announcement was made. joe paterno is no longer the head coach at penn state university. the students did not see that coming. many supporting joe paterno, wished he had done more through the child sex abuse scandal but joe paterno out. also, the president, graham spannier out as well. you get back to joe paterno. he's been on the job since 1966. winningest coach in college football history, two national championships, built a squeaky clean program. joe paterno is penn state but now is no longer the head football coach at this university. but this story and why there's such emotion is because it is bigger than a football story. you wonder what is going on with those eight alleged victims, children, within they were allegedly abused as young as 8 years old by former assistant coach, defensive coordinator, jerry sandusky, the true villain in all of this, but because of those actions and inactions from the people really in power who could have done something, joe paterno out as head coach at penn state. back to you. >> coach paterno reported a 2002 incident to the his boss. the firing of joe pa was a shock to many students. >> they're going after the wrong guy. >> it's ridiculous that he got fired over this situation. this is pretty much an example of what penn state students, like what this school means to us. >> joe pa! >> joe pa, baby! >> joe pa's been here so long. it's emotional. it really is. we're here to get joe pa for our last home game. let him play his last game. it's that simple. everyone here is for that right now. we all believe it. if you want to hear something right now. we are -- >> penn state. >> we are -- >> when state. >> we are -- >> penn state! >> we did hear it. as you saw a moment ago, some of the students even clashed with police. becky perlow was smack dab in the middle of the throngs of angry students. you also went to penn state, graduated from penn state. what are your thoughts as things escalated like this? >> well, good morning, carol. i have to tell you, for better or worse, penn state likes to celebrate or protest when penn state beat ohio in 2008 they tore down light posts. earlier this year, for example, osama bin laden when he was killed, they took to downtown state college as well and brought their american flags anç belted out the national anthem. depending on the topic depends on how much destruction there will be in the street. i wasn't quite expecting a tv truck to be overturned tonight. >> no. we weren't expecting that either. help us understand why these students are so upset, with the accusations against joe paterno they're very serious. a lot of people say as the moral compass of the university he certainly didn't do the moral thing in the sandusky case. >> i think what it is is not so much that joe paterno is connected to the alleged child abuse case. it's not so much that joe's connected to it, it's that the focus of the media is specifically on joe paterno rather than on sandusky who allegedly commits these crimes, that there's not enough coverage on sandusky. they're angry that the penn state board of trustees fired paterno over the phone tonight. that was a hit to a lot of students' egos as well. >> they maybe should have done it face to face or something like that. as far as security on campus, how is the university dealing with that? >> you know, i just got to campus tonight. i can't tell you specifics but i do know that for downtown state college they pulled out lots and lots of local police from different areas, as well as state troopers. it was pretty violent down there tonight. people were throwing rocks, beer cans. i saw somebody throw a brick at the police, car windows were smashed all over. people were shaking the lamp posts back and forth. and i think they're just a little concerned that -- with saturday's game coming up and joe paterno not coaching his last home game before he was due to retire, before the board of trustees came out with their announcement this evening, i think they're waiting and hoping for the best and hoping that the worst doesn't happen with the students protesting more. >> we hope not. becky furlough has been up all night. she kept saying when it's morning. she's been up since 8:00 last night. many thanks to you. coach paterno did release a statement responding to his firing. it reads in part, i am disappointed with the board of trustees' decision but i have to accept it. a tragedy occurred. we all have to have patience to let the legal process proceed. i appreciate the outpouring of support but everyone should remain calm. to all of our fans and supporters, my family and i will be forever in your debt. end quote. last night's republican presidential debate in michigan last night is one for the history books. while the economy was men the to be the focus, the night belonged to one cringe worthy flub by texas governor rick perry. >> and i will tell you, it's three agencies of government when i get there that are gone, commerce, education and the -- what's the third one there? let's see. >> five. >> commerce, education and the -- >> expa. >> epa, there you go. >> seriously? >> is epa the one you were talking about? >> no, sir, no, sir. we were talking about the agencies of government, the epa needs to be rebuilt. >> you can't name the third one. >> the third agency of government i would do away with education, the commerce and, let's see -- i can't. the third one i can't. sorry. oops. >> oops is right. political strategists on both sides agreed, this was the last thing perry's struggling campaign needed. via twitter veteran analyst said to my memory, perry's forgetfulness is the most devastating moment of any modern primary debate. ouch. we'll talk more about perry's big oops coming up in our political ticker and rick perry himself will join us in the 7:00 eastern hour. be sure to catch rick perry then. i'm sure he'll want to explain. more heartache in turkey after being hit with yet another earthquake, this one a 5.7. it came last night. at least five people have been killed, more than 100 people are buried in the rubble this morning. about two weeks ago, the area was hit by a powerful 7.2 quake. that quake killed more than 500 people. to the united states and connecticut now, the northeast utilities company has created a $10 million fund to assist customers affected by power outages during that freak winter snowstorm a couple of weeks ago. in a statement, the company president apologized for not getting the powerback on soon enough. some 830,000 customers were affected. so in the end, the $10 million, well, that means about $12 per customer. now let's head to atlanta and check in withç rob marciano. 12 bucks for your trouble, rob. >> hard to believe, just a week and a half, two weeks ago we had the epic snowstorm and now temperatures in the 60s. you saw how beautiful it was across the northeast yesterday. some of the mild air creating foggy conditions this morning. we do expect to see delays at some of the major airports across the northeast, including philadelphia and d.c. where low clouds and the fog is on the thick side. showers will be rolling through new york and boston with the northern side of this other snowstorm that moved through the midwest yesterday. chicago, detroit, wind on the backside of that and atlanta will see low clouds to start the day briefly. there's your front. most of the energy heading up towards the north, anywhere from 5 to 11 inches of snow in some spots yesterday from iowa up through northern wisconsin. and this storm now progressing off towards the east. the other big story is this beast a storm that rolled through alaska. just north of nome, 85 mile-an-hour winds. it's dramatic stuff, especially along the coastline. nome down south towards anchorage, waves, 30, 0-foote 40-footers. we had winds gusting 85 miles an hour, record low pressure. that is an angry sea. and this is the strongest storm to hit alaska since 1974. still getting reports in as far as what kind of damage there is. there's still a strong onshore flow. flooding is still an issue with this thing. take a look at the satellite picture. it stretches across not only alaska but russia, too. and through the aleutian islands. it will set up a series of storms that will roll into the west coast of the u.s. as well. amazing stuff there you say it's alaska. they get big storms. you know, nothing like this, at least not in the last 40 years. everyone is getting a piece of the wacky weather, carol. you're next. >> i guess so. thanks, rob, we appreciate it. >> you bet. uncertainty in the european union rattles indices in the u.s. and our quote of the day, contagion is alive and well, end quote. we'll tell you who said this when describing the market's reaction to europe's debt crisis. it's 12 minutes past the hour. . its multi-action formula works to restore enamel, help prevent cavities, and kill bad breath germs for a whole mouth clean. whooo... 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[ male announcer ] new glucerna hunger smart. a smart way to help manage hunger and diabetes. it is 13 minutes past the hour. this is your "a.m. wake-up call." today's quote of the day, quote, contagion is alive and well. end quote. who said that? it was rebecca patterson, the chief marketing strategist for jp morgan asset management. she was describing the market's reaction to europe's debt crisis. with that financial crisis in greece still in full swing, new concerns about italy helped rattle wall street. the dow lost 389 points. the nasdaq and s&p wiped out all the gains they've made this year. so what will today bring? let's head round the world with nina dos santos. she's live in london and i hope you tell us something good. >> good morning to you, carol. what i can tell you at the moment is it seems european markets on the whole are doing quite a bit better than they did an hour ago. asian markets on the downside ended the day on a negative ç note. italy's impasse when it comes to political situation but also its badly needed structural and fiscal reforms. the hang seng closes down 5.25%. the markets where i am are being lifted by optimism, carol, that we could see the badly needed reform measures being passed perhaps by the upper house of parliament of italy by the end of this week and ratified by the weekend. that is giving the mark hes a shot in the arm at the moment. it's bringing down the cost of italy's sky high borrowings. everything hangs in the balance. contagion is still the word of the day. for the moment at least where i am, the market is looking greene. >> all right. we'll take it. nina dos santos reporting live from london. thank you. russian space engineers are scrambling for a quick fix. their unmanned spacecraft that's supposed to be headed to mars is stuck in the earth's orbit. we'll talk about why this could be a huge danger. 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[ male announcer ] the same 117 elements do the fundamental work of chemistry. ♪ the difference, the one element that is the catalyst for innovation, the one element that changes everything is the human element. ♪ 22 minutes past the hour. good morning, tim. >> you made that up about forget me not day. it isn't really, is it? >> yes. it's national forget me not day, which means that i didn't forget you. >> really? wow. >> not that i ever could. >> rick perry, that's another story. we'll talk about him in a bit. >> sure. >> we want to start with herman cain. he once again stood his ground against sexual harassment allegations. let's listen. >> in recent days we have learned that four different women have accused you of inappropriate behavior. here we're focusing on character and judgment. you've been a ceo. >> yes. >> you know that shareholders are reluctant to hire a ceo where there are character issues. why should the american people hire a president if they feel there are character issues? >> the american people deserve better than someone being tried in the court of public opinion based on unfound accusations. >> so we heard the crowd booing at the moderator's question. is that a good sign for cain? >> it was good last night, that's for sure. it's interesting the way the keanes on the stage read the room, mitt romney stuck his fingerer to the wind and said i'm not going there when asked him about it. john harwood asked him a question about it. i don't know that anyone knows how this will play out. it depends on the two women who supposedly will have a press conference together. herman cain tapped into something that the conservative audience enjoyed, which was making the mediate punching bag for this whole story, forgetting about the fact that there were a couple women who were paid money by the national restaurant association to go away. how it plays out over the next couple of weeks will be interesting. when it comes to the iowa caucus, it will depend on how those conservative and evangelical voters decide to take this, or not they think herman cain strayed morally or not or that media conspiracy theory holds out. i think it's a little too early to tell how it plays. he won last night on that. >> i don't know if he did or not. iç think we put too much emphas on how the crowd reacts to these debates. the crowd represents a very narrow part of the voting public, doesn't it? >> well, you're right. i think that's a good point. i do think that sometimes when we talk about these debates, who's tuning in anyway? it's probably the very engaged and more than likely, the more conservative voters, especially the ones seeing herman cain as a nice alternative to mitt romney. you could be very right, though, as i say, it's impossible to tell right now. your guess is as good as mine as to how it will play out over the next few weeks before it gets to iowa. >> let's talk about rick perry. >> oops. >> it's so embarrassing, so hard to watch even now but let's watch it. >> yes. >> it's three agencies of government when i get there that are gone, commerce, education and the -- what's the third one there? let's see. >> you can't name the third one? >> the third agency of government i would do away with education, the commerce and, let's see -- i can't. the third within i can't. sorry. oops. >> it's just, larry sabato said that was the most devastating moment in debate history t. was pretty close to the gerald ford, eastern europe is not dominated about the union. rick perry can't get it across, knows what he's talking about. i was reminded of that commercial when the kid is standing on stage reading the gettysburg address and his brother texts something about a girl. this was a painful moment for rick perry. i can't imagine how this can be anything but a bad thing for the campaign. i don't know exactly how he's going to recover from this. >> he's making the rounds of the morning television shows. he's going to be on "american morning" in the 7:00 eastern hour. what can he possibly say to make this okay? >> i don't think there's anything he can say. i don't think he can.