he's a fascinating guy. all right. >> thanks very much, kyra. all right. let's get you up to speed for this thursday, november 3rd. investors on wall street are watching what's happening in europe and we're keeping a close watch on the markets and your money. stocks open higher after a decision by the european central bank to cut interest rates right now dow is up 94 points, but every little cent counts at the g-20 summit in france. president obama met with french president nicolas sarkozy to discuss the european debt crisis. >> i think it's no surprise that we've spent most of our conversation focused on strengthening the global economic recovery so that we are creating jobs for our people and stabilizing the financial markets around the world. the most important aspect of our task over the next two days is to resolve the financial crisis here in europe. >> the big part of the debt crisis is the drama playing out in greece. prime minister george papandreou called an emergency cabinet meeting today and rumors were circulating that he might step down. but reuters wire service is now reporting that papandreou won't step down and that he's ready to drop plans for referendum on the european debt deal. the tear gas was clearing over oakland, california, this morning, after a violent confrontation between police and occupy oakland protesters. police fired tear gas on several hundred people who were throwing rocks and shooting fireworks at officers. the violence followed a general strike that shut down some businesses and the port of oakland. then take a look at this. a car hit one of the occupy oakland protesters. the war tries to get through a crowded intersection. you can see someone banging on the hood of the vehicle there. then the car speeds up and hits the protester. the san francisco chronicle says two people were hit, a man and a woman with an ankle -- with now ankle and leg injuries. and banks got bailed out. we got sold out, that was the chant as demonstrators marched outside a seattle hotel last night. the ceo of jp morgan chase was speaking at an event inside. things got ugly after a shouting match broke out. pepper spray was used on some of the demonstrators. presidential candidate herman cain blames the campaign of a republican rival for his current troubles. cain is fending off allegations of sexual ra harassment during his tenure at the national restaurant association. he denies he sexually ra hassed anyone and accused the consultant to rick perry's campaign of leaking the story. the consultant says it wasn't him. >> there's two problems with that. one is i didn't know anything about this. so it's hard to leak something that you don't know anything about, of course. the second problem with it is this. if someone tells you something in confidence, a family member, and you go out to blab it to other people, that's unethical and that's not the way i live my lye. hear what texas governor rick perry has to say about these allegations. he is on cnn's john king usa tonight scheduled for 6:00 eastern time. overseas now, new violence in sear kra. a day after the government promised to end its crackdown on protesters. activists say four people were killed in neighborhoods and homes. cnn can't independently verify the reports because of restrictions on news organizations. yesterday, the government agreed to stop all violence to protect syrian citizens. condoleezza rice says it was weird and a bit creepy that libyan leader moammar gadhafi had a crush on her. during the uprising, libyan rebels found a photo album with pictures of rice in gadhafi's compound. rice says during a video to libya, he played a video montage with her set to music. she tells piers morgan, she was relieved the video wasn't rauchy. >> it was my job to go there, do diplomatic business and get out. so that's what i did. but i have to say, i did have that terrible moment when he said that he has a videotape, i am just glad that it all came out all right. >> the group of 20 major economies begins its high profile summit on the french riviera. on the top of the agenda, greece and its crippling debt crisis. ali velshi is covering the g-20 summit. ali, this summit is being eclipsed by the potential for economic free fall. greece, what's at stake here? what is happening? >> yes. i am think it's not even fair to say i'm covering the g-20. the g-20 has interesting discussions going on that under normal circumstances i'd be telling you of these neat meetings going on about global growth and sustainability. forget it. the only discussions worth being had today are those being had about greece last night. the greek prime minister was here last night, he got an earful for 2 1/2 hours by the french president and the german chancellor. europe has been in a crisis for months. on october 27th, they came to a deal that was going to meet three goals. one of those goals, the biggest one was to stabilize greece. it's in a free fall. the greek prime minister says i'm holding a referendum. i'm not going to approve this. i'm holding a referendum. the greek prime minister went back, left cannes last night, he's been in a cabinet meeting all morning. there's been rampant speculation that after the meeting, he's either going to resign or call an election or announce a coalition government or something. we have people on the ground. we don't have confirmation of that. but the bottom line is, greece has to decide whether it's holding this referendum. if it does, it will be on december 4th. until it does that, everything is on hold. just to give you context, fred, what was supposed to happen here at cannes is that the europeans were supposed to come with this whole wrapped up package and meet with the chinese and the indians and all these wealthy countries and say, come and invest in us. help us out of this mess. now they have nothing to present. so everything going on in cannes right now is in a little bit of disarray, fred. >> oh, my goodness. let's talk about that ripple effect. it could be felt globally. it's not just an issue of greece and european nations. >> sure. >> but the whole world. >> yep. absolutely. >> that is an important thing for our viewers understand. you think it's greece, whatever, greece is the 32nd largest economy in the world. how impactful can it be? here is the thing. it's like lehman brothers. back before lehman brothers collapsed, most americans didn't know or care about lehman brothers. all of a sudden, this one investment bank goes down and nobody in the world wants to lend anybody any money including you for your house or your student loans or your small business. it's the same thing. if greece does not pass this arrangement that the euro zone put together, no one will lend these greek banks any money and everybody everyone rth back into this mold where we're worried that countries won't stick by their loans po take back. problem number two, if it slows the european economy down, europe is the biggest trading partner with the united states. we count on europeans to buy goods and services made in america. if europeans go into further issues, that costs us loans in america, jobs in america. greece is the most important country in the world today. >> ali, ordinarily, the united states would have leverage going into a g-20 summit. the u.s. has its own money problems, so wa kind of role might this president be able to play during this summit? >> you can imagine it's not going to go over very well for america. the problem with greece is they have an offer on the table. there's lots of money coming their way. they don't want the conditions attached to that money, or at least that's the issue they're going to be voting on. what the other europeans have said is if you vote this down in a referendum, we might throw you out of the euro zone altogether. basically, president obama can only watch what's going on. they can offer whatever advice they can, having gone through this in the u.s. timothy geithner is here. they've offered that. the line they've used today is this is an internal greek problem. but what happens in greece affects us all right now. >> ali velshi, thank you very much from a very windy cannes, france. here is a chance to talk back on one of the big stories of the day. today's question, what constitutes sexual harassment? carol costello joins us with more on this. >> we are back there again, aren't we? 1991, clarence thomas, that coke can. you would think after all of that, we would know what student constitutes sexual ra harassment. >> we have seen this movie before and we know how it ends. it always ends up being an employee would can't perform or who underperforms and is looking for a little green. >> conseb ifr radio show hois laura ingram is talking about one of herman cain's accusers. she is under attack and, yes, so is herman cain. let's put politics aside and talk about a name that still confuses us. there are people now who hesitate to tell jokes to a woman in the workplace, any kind of joke because it could be interpreted incorrectly. women's advocates say sexual ra harassment is the number one issue in the workplace for women. it denies them equal employment opportunity. if they file a claim, it puts them in a no-win situation. do you want the legal did he definition? unwelcomed sexual advances, request for sexual favors and other verbal or physical harassment of a sexual nature. but it can also mean making a sense of calmness about women in general to the point where it creates a hostile work environment. so our question for you today, what constitutes sexual ra harassment? violence in the streets of oakland, california. then, a new report linked with troubles concerns about a popular drug that helps people stop smoking. could chantix be doing more harm than good? and later, closing arguments get under way in the death trial of michael jackson. plus, we'll fill you in on how you can save $1,000 before the holidays. and a touching story of a high school football player who overcomes great odds to score a touchdown. 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[ male announcer ] progresso. you gotta taste this soup. you booked our room right? not yet, thanks for reminding me. wait, what? i have the hotels.com app so we can get a great deal even at the last minute. ah, well played get the app. tels.com. sun life financialrating should be famous.d bad, we're working on it. so you're seriously proposing we change our name to sun life valley. do we still get to go skiing? sooner or later, you'll know our name. sun life financial. the greek debt crisis has spooked the marts markets in the u.s. lately. investors are keeping a close eye on the g-summit today. how are things looking right now? >> hey region fredericka, right now we've got the rally still ho holding. the dow is up 128 points. it's clear that the events in europe are keeping the markets on their toes. but i brought in here allen valdez to talk to us about maybe the average investor. with all the turmoil going on in greece and in europe, why are we seeing this rally the today? >> a lot of this is technical. it's light buying. it's not really a rally you can see, wow, the public is involved because they're really not. a lot of guys trade off the s&p number. that's the number. we always talk about the dow. that's 30 stock. but the s&p, that's 500 stocks. so if the program traders are a fast trader, they work off that number. right now, they're at 1279, 1250 is the point where if it breaks, it could go higher. if it holds it, it may go lower. it's technical trading now, but, of course, the news out of greece is good. >> and let's talk about the news out of greece. with the markets being that if the question of the european debt deal, if it is put to greek voters, is the market thinking that greek voter res going to vote yes? is that why we're seeing so much green on the screen? >> that's one of the reasons. it's just basically at the end of the day it's a trillion dollars, we don't know where that money is going to come from. we don't know where the money is going to come from. but you know we're watching, also, that there's so many elections coming out, not only here in america, but in europe, the more investors, the more this thing gets bogged down. there are elections in spain, in italy, in greece. so things could change so quickly over there that you see in the public staying in the background right now. >> and the u.s. obviously has its own issues. fed chairman ben bernanke coming out yesterday saying, we have to expect slow growth and unemployment staying high for some time. it doesn't really connect. >> it looks like it doesn't. but remember, this is more of a technical rally. it's more traders trading off the s&p, things of that number. you're seeing guys say, hey, let's guy this and then we'll get out. it's momentum trading, that's all. >> fredericka, trade carefully since this rally is questionable and if it will hold beyond today, tomorrow or the next day. >> thanks so much, allison. authorities are investigating a judge in texas after a video surfaced on youtube that shows him beating his teenage daughter. over and over with a belt. cnn's kyra philips has the story, a warning some viewers may find this video very disturbing. >> lean over that bed. >> why? >> lean over that bed. >> the video is difficult to watch. it shows a texas father punishing his 16-year-old daughter for losing the computer to download video games. but that father, william adams, is a texas judge. who handles, among other things, family and you've knight nile cases. this happened seven years ago, in 2004, and the now 23-year-old daughter, hillary adams, posted it online. it's been viewed more than a million times. the outrage is causing judge adams to leave his post, temporarily. a visiting judge will take over his case load. judge adams could face criminal charges. police are investigating. >> we would need to see the original video. we're always concerned with seeing an original. >> phone at the courthouse have been ringing off the hook. a fellow judge says the video is disturbing. and surprising. >> observing him in court, you would never think that he had any kind of temper. >> judge adams admits it's him in the video. >> in my mind, i haven't done anything wrong, other than discipline my child after she was caught stealing. i did lose my temper, but i've since apologized. it is a story and it will come out in due time. >> in a twitter post, his daughter says i'm feeling some regret for publishing the video. because to ruin my own father is heavy, indeed. she tells corpus christi tv station k.r.i.s. -- and not because i'm -- or anything like that. it's a hideous way to speak to me. i just -- i cannot stress enough that -- >> kyra philips, cnn, atlanta. time for a quick check off stories making news across the country now. in texas, just south of dallas, police officer dan putnam is given the medal of valor and a very big thank you for rescuing a small child from a burn home who found jaden jones hiding beneath a bed saturday morning. >> the strength of god, something came over me and enabled me