stock index climbed 4.3%. the nasdaq up 4.2, all after the federal reserve and a handful of other central banks announced they'd make it easier for global financial institutions to borrow dollars, which are in high demand as investors are get more skittish about the oar re. cnn's richard quest is among the market watch who see it as a pain reliever than a lasting cure. >> richard quest, central banks around the world make clear they're ready to help, markets love it, all around the world, including best day on wall street, up more than 4%. investors are ask are we finally on a sustainable path to growth or is this another stop on the roller coaster? >> oh, absolutely, no hesitati n hesitation, it's a stop on the roller coaster. one day's actions by the central bank of the fed and five others does not a recovery or end of the crisis make. what happened here was the central banks got together and recognized that some banks are having difficulties getting hold of dollars, if they're nonu.s. banks or it might be yen or euro, or whatever. and they have basically made it easier, they've -- they have lubricated the financial sector, if you like, and put money available. but they've done nothing to actually solve the crisis either in the euro zone in terms of the debt and the sovereign debt crisis or the united states with the budget deficit talks. this just treating the symptoms. most definitely not a cure. >> if it's a banded a treating the symptoms the last time anything of this scale happened, layman brothers collapsing in 2008. is the situation as dire, not as dire, or worse potentially? >> that's the very interesting point. why did they do it today? do the central banks know something we don't, that there are more banks out there privately telling them that they are really hurting for liquidity and some of them might be about to fall over. that, we can only speculate about because nothing would be more devastating or catastrophic at the moment than for any bank to -- a big bank, for instance, to suddenly find itself shut out. if that were to happen, turn the lights off on the way out. but, john, what i would say tonight is, the euphoria in the market is not only central banks, it's because of employment numbers in the u.s., and a lerelief at least somebods doing something. >> is what the next big step that has to be made so the banded a helps and eases the problem for a couple of days before they fix the problem? the only way this thing can be dealt with in the short term is the most massive amount of money the so-called big bazooka probably from the european central bank, europe's equivalent of the fed, to go if and flood the market with money and buy the bonds to soothe everybody's nerves. everybody's expecting it. the only question, frankly, when? >> excellent question. we'll keep watching. richard quest, as always, thank you. a major development in political drama. more mixed signals from herman cain about his staying power in the republican presidential race. listen to cain at the start of a speech in ohio. sounds like a candidate crafting his own obituary. >> let it be borne in mind that the tragedy of life does not lie in not reaching your goals. the tragedy lies in having no goals to reach for. it's not a calamity to die with dreams unfulfilled, but it is a calamity to have no dreams. >> after that speech, lisp here, he told cnn's jim acosta he's still on the fence. >> we are reassessing and re-evaluating. >> reporter: are you staying in the race? >> we are re-evaluating and reassessing. >> reporter: how soon until a final answer on your future plans? >> we'll be making a decision in the next several days. >> and as we await that decision, this is interesting, i'm told the cain national headquarters this afternoon did authorize new tv ad spending in iowa. the new spot will begin friday, promoting mr. cain's theme that america needs a ceo in the white house. it's a modest tv, $80,000, with plans to ramp it up, quote, cash permitting. the cain reevaluation is largely a test of whether fund-raising dries up in the wake i've georgia businesswoman's claim of a lengthy affair with cain. >> he also says he's helped you financially over the past few years. has he given you money? >> yes, he has. >> on what occasions? >> i've received gifts and money for the last 2 1/2 years consistently. >> did he ask for anything in return for that money? >> no. this was nothing -- this was not sex for cash. >> jim acosta live with us from ohio. you were close up with the candidate, eyeball to eyeball. we heard what he told you in the exchange. the body language, does he look like a candidate confident or looks look i guy who thinks his days are numbered? >> reporter: this looked like a confident candidate today here in ohio. you know we asked him that question and, as you saw on the tape there, he gave us that nonresponse response. we asked it again and he gave us basically the same response and it was a surprising reaction given the response he got from that crowd in that room in dayton, ohio. it was a defiant crowd that wanted herman cain to fight on. and after his speech was over we talked to a couple of ladies in the room there who said not only do they think the allegations are untrue, they say if they are proven to be true it doesn't change the way they feel about herman cain. they want him to keep fighting. >> interesting point. how much money are they raising overnight? after the early sexual harassment allegations they rushed out saying look how much money we're raising. any numbers on whether they're getting the financial help they need. not at this point. one thing that was curious today, we saw a candidate who is a month from voting beginning in iowa campaigning in ohio. you know, a state that doesn't hold its primary until june 12th, and he had an event in cincinnati, dayton, here at ohio state university, columbus, and it it doesn't make any sense. why would you be campaigning in ohio at this stage of the campaign? it just raises the question as to what herman cain is really doing at this point, whether he is raising money, we just don't know. he's going to be -- his campaign says -- holding a press conference of some sort in new hampshire later this evening. he'll be asked that question. he's supposed to meet with the editorial board of the union leader, the state's major newspaper, he'll be peppered with these questions as well. given this curious position that he's in right now where he's literally up in the air he's going to be pressed on a lot of questions. it's going to be very interesting to see how he responds. >> jim acosta, thanks to your time. perspective from gloria borger, jim makes an important point, he's in ohio, he's -- new hampshire is closer to voting. iowa is up first. i want you to listen. he was on fox news a few moments ago. jim acosta tried to ask him point blank and he got the well, i'm not sure, well, i'm not sure. listen to him on fox news where he says this is caused by democrats. >> maybe the democrats want newt gingrich to win the nomination so they can then go after his personal life but they need to knock me out now. that's just a hypothesis. think about it. i don't think it's the republicans that are trying to knock me out because they want gingrich to be at the top of the ticket. i honestly believe that the republicans, you know, want it to be a fair competition. i happen to think that these attacks on me are coming from the other side, because once i moved into the top tier i think they became a little bit threatened. >> i'm not sure what quite to make of that. >> i don't get that. >> i'm not sure what to make of that. you have a woman who came forward, he says she's not telling truth. i'm not sure what mr. cain has to gain by pointing fingers as opposed to get back to what he wants talk about. >> early on he said the stories were planted from rick perry's campaign. that was denied and he moved on. now he says this is being planted by democrats because they want to destroy him so newt gingrich can rise. i don't understand that because if you're a democrat and you want to run somebody who has been damaged already in this primary campaign, i would think that herman cain would be somebody, gee, you know, you'd be willing to take on. >> it's not a traditional campaign. so it's hard to apply this happened in a similar situation before, look at the play book or the rule book. do you get the sense the national campaign team says he's not going anywhere. mr. cain says i'll tell you in a few days. iowa campaign team says they've been authorized to spend $80,000 and that's it. do we have a herman cain in the race monday or tuesday? >> i'm not so sure. i don't think first of all this is not a well-oiled machine here. this is a candidate whose attorney has been saying one thing, the candidate himself has been saying something else, the staff says something else. this is a decision that hasn't been made yet. i think herman cain has to wait and see how the money comes in. i think he's got to talk to his family. he's going to return to talk to his wife who he speaks all the time and says this is clearly taking an emotional toll on her. i think we don't know what he's going to do. i think what we do know is that he's not likely to be the republican nominee, whether he stays in or gets out can he have an impact if he stays? gloria borger thanks for your time? police in los angeles and philadelphia force occupy protesters from their camps. both big city mayors here to explain? next, president obama hits the road and comes face to face with his perhaps his big effort re-election challenge. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. shouldn't it be given in an amazing way? ♪ the lexus december to remember sales event is here, but only for a limited time. see your lexus dealer. the new spark card from capital one. spark miles gives me the most rewards of any small business credit card. the spark card earns double miles... so we really had to up our game. with spark, the boss earns double miles on every purchase, every day. that's setting the bar pretty high. owning my own business has never been more rewarding. coming through! [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? or 2% cash back on every purchase, every day. ♪ sen♪ co-signed her credit card - "buy books, not beer!" ♪ ♪ut the second at she shut the door ♪ ♪ girl started blowing up their credit score ♪ ♪ she bought a pizza party for the whole dorm floor ♪ ♪ hundred pounds of makeup at the makeup store ♪ ♪ and a ticket down to spring break in mexico ♪ ♪ but her folks didn't know 'cause her folks didn't go ♪ ♪ to free-credit-score-dot-com hard times for daddy and mom. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. in sports and politics, the smart team's not only play to their strengths they do all they can to shore up their weaknesses. for president obama it met meant hitting the road and getting up and close and personal with big 2012 battle grounds. pennsylvania for the president today. he was in scranton. the good news he doesn't quit. scranton, places like it, were tough territory for the president to begin with. remember this, yes, he carried state in the general election. go back to 200le democratic primaries, light blue is hillary clinton. look at that, blue collar communities president obama struggled badly which is why things are worse now. which is why the president chose in scranton to make his economic case. >> i know you hear a lot of folks on cable tv claiming i'm this big tax and spend liberal. next time you hear that, you just remind the people who are saying it since i've taken office i've cut your taxes. your taxes -- your kaxs today, the average middle class family, your taxes today are lower than when i took office. just remember that. >> our chief white house correspondent jessica yellin is live with us tonight. given the big huge republican wins in 2010 in pennsylvania, team obama has to be pretty nervous. >> reporter: john, they express confidence, and they think they'll win pennsylvania and i believe that they are not just spinning on this one. whether you buy it or not is a different story. and this is why. their argument generally is, democrats have 1 million person voter advantage in pennsylvania is point one. point two, fewer than 50% vuich voters turns out. they think they'll get a bigger turnout in 12012. the president can turn that state which has been a democratic state blue again because he did get more than 10% advantage. he won it by more than ten points last time around. more than that, john, he kind of has to win pennsylvania. it's a key part of their plan a strategy, to win in 2012, which is to win all of states, carry one, and then some, obviously. so they're pretty confident about pennsylvania but it is a must-win -- it is mostly a must win for the president, john. >> which means jessica yellin will be spending a lot of time there. jessica, thanks. joining us from capitol hill, son of scranton pennsylvania senator bob casey. you're on the ballot in 2012. the president is in your hometown. you're not there because you're afraid to stan with the president, true? >> no. john, that's a ridiculous political argument. one thing that's abundantly clear right now is the people in scranton that i represent, the place that i lib, the county within which i live and state they want us to focus on job creation and we're doing that this week, especially by working to pass the payroll tax bill. and they want me to vote. i've got to be here for votes, whether it's on the payroll tax, but today it was on the defense authorization bill. that's my job and i'm doing my job. >> so we'll see you time and time again side by side with the president over the next 11 months, right? >> sure. it will be a long year. it's an election year. we'll be on the road a lot. >> we'll hold you to that, senator. republicans are skreptical. you say you're here for the votes of the payroll tax cut. other important votes in washington. the president is in your hometown today. listen to what the mayor said. he's created saying, people are afraid, i remember when reagan was president, unemployment was high and interest rates were through the roof but we always thought things were going to get better. today we don't think that things will get better. four years ago it was about hope. now it's about his record. you know this was tough for the president, your area of the state four years ago anyway. can he win pennsylvania? >> i think he can. by the way, the lackawanna county second only to philadelphia last time, but in percentage of vote for the president. look, times are very tough. we have almost 10,000 people out of work in lackawanna county. across the state it's 500,000, above 520,000. these are still very tough times. what most people say to me, at home and across the state is, they don't ask you about the politics of washington or polls, they ask you one fundamental question what are you doing about jobs? what can you do to help us create jobs or at least create the conditions? one of the best ways to do that is to cut the payroll tax for -- cut it in half for employees and employers to jump start, to kick start the economy. >> the question is, can it make a difference fast enough? ronald reagan has a strugging with the economy but it was growing briskly by the time he ran for re-election. he frame the famous question, are you better off now than four years ago to beat jimmy carter. the record in lackawanna county, your home county, scranton, november 2008, unemployment rate 5.9%. right now 8.5%. statewide, november 2008, 5.6%. october 2011, 8.1%. president obama is the incumbent. people aren't better off than they were four year ago. how does he make a better connection with the white, blue collar voters with whom he's long struggled? >> john, it's still a very tough economy, even in the aftermath of a recession. in other words, the technical definition of recession ended a long time ago. the problem is we have very high unemployment rates. the best thing we can do, i say this about myself or any elected official all the way to the president, we've got to focus on the concerns that real people have and their lives of struggle and sacrifice and that's -- it's one issue, and it's only one issue, it's jobs. if we do that we can begin to turn those numbers around. we saw at the end of last year when democrats and republicans came together on a bipartisan tax bill, the economy got jump started only for a couple of months, but we've got to do that again so we can continue that kind of economic expansion throughout the year. john, i know those numbers are very difficult to deal with but i have no doubt that if we come together, working together, democrats and republicans, we can move the economy in the right direction but it's very tough for people and we've got to acknowledge that. >> as you acknowledge it, if you look at those numbers there are more numbers, governor romney runs in a dead heat with the president which has been blue the last five elections. 52% of residents of your state disapprove of the president. i know you think the economic numbers getting better would help some. is there something, and this has come up time and time again, especially in blue color communities, something in the way he communicates, something he has failed to do to develop a personal connection? >> i don't know, john. i'll leave that to the political scientists. i think what most people expect of us is that we really do everything we can to focus on jobs and the economy. if we continue to do that i think the president's going to be better off. >> senator bob casey, appreciate your time tonight, sir. >> thanks, john. the president's blue collar dilemma, james carville and ron brownstein. james you know the state very well. senator casey was just there. cavil and begala made their name helping his father, bob casey in pennsylvania. right up here, this is hillary clinton in the democratic primary. yes, president obama carried it in the general el find what in pennsylvania they call casey democrats. national politics we might call them reagan democrats. should this president be worried that in places like this in there is state, across the country, he will lose these voters? >> tomorrow night, it will age me, we'll have the 25th reunion of bob casey's gubernatorial campaign. i'm sure i'll see senator casey tomorrow night also. look, i don't know ron -- i don't see how a democrat could win without winning pennsylvania. you know, look, it's tough, and it's been probably hit harder than most places in the country, but he's going to have to dig in there and get it. it's been reliably democrat nick presidential years. i think that they confident that they can carry it. i suspect that they might be able to. if they lose it i suspect they'll lose th