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Here in long island, new york, where they declared a state of emergency, the brush fires have finally been contained after scorching up to 1,000 acres. the work of hundreds of firefighters and volunteers shutting down the potential disaster. >> this is coming into a populated area and a fire that's only about 45 miles an hour. that's faster than trucks behind me go. so that's the challenge about a fire like this. >> reporter: from the air, you can see how perilously close the fires came to many homes. in connecticut, traffic froze as flames licked at the rail lines. firefighters here normally ...

Unfortunately, i do not realistically expect the partisanship of recent years to change. her resignation opens the door for democrats to fight for a seat long held by the republicans. now to business where wall street is coming off one of its best days in recent memory. this morning the dow jones will open above 13,000 for the first time since may of 2008. the s&p is up higher. let's look at the morning markets. steve sedge wik is live in london. steve, good morning. >> very good morning to you. some great landmarks being passed. the current market lasts from the 3rd of october where the marke...

first shook. we're live in turkey with the latest. and i'm carol costello. president obama about to unveil a new plan to help young americans go to college without going broke. details on the president's proposal on this "american morning." -- captions by vitac -- www.vitac.com all right. good morning, everybody. it is wednesday, october 26th, and welcome to "american morning" this morning. >> buying car? >> so sorry for carter evans. i'm going to find out what the number one car was. >> we have commercial breaks here. e-mail. paper. any tough questions for me? write them down be...

four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe's debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to b...

>> hey, fredericka. the losses are holding steady. the dow down about 436 points. they're off their lows of this session where we saw the dow down as much as 500 points. this is coming after morgan stanley kind of set off an alarm bell saying that the u.s. and europe are looking like they're getting close to going into a recession. morgan stanley also downgrading its growth forecast globally for this year and next. also not helping we got a bunch of economic reports here in the u.s. one on jobless claims showing a rise in jobless claims, the jobs area something that this economy real...