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Federal reserve reported growth in 11 of its 12 bank regions. the dow closed up 490 points on wednesday. do you not worry, as some conservative commentators have said, that if this trend continues, could be difficult for a republican nominee, revolving their campaign around a troubled economy? >> president obama's poll numbers are worse than jimmy carter's poll numbers. for the first time in his presidency he's waking up this morning, wishing that his poll numbers were as good as jimmy carter's. you know why -- >> that's actually out of context, because you had a spike that carter had around t...

mohammed ceo of pimco and alexis glick has experience working on wall street and covering it and the ceo of the gen youth foundation. diane, start with you, bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? >> well, we're already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis actually emerged in august of 2007 or july of 2007 was a major detriment to them dealing with it know and it became a shock in august of 2007 and they really didn't have the communicati...

2008. central banks are taking coordinated actions to avoid a ledge mat threat of a credit freeze the likes of which we haven't seen since after the days of lehman's collapse in 2008. we all remember what happened then. the credit freeze closed businesses, factories, wipes out millions of jobs around the world. diane, let me start with you. bottom line, are there lessons from 2008 that can be applied today to avert another global financial crisis? >> well, we're already seeing them applied. the fact that central bankers are not really talking to each other before the financial crisis...

Romney, that's a little interesting. little defensive. we'll show you that, as well. but first, the big headline this morning, some optimism this morning on wall street coming off the dow's seventh largest gain of all time. markets surged yesterday wiping out last week's slump. the dow leapt 490 points capping a 7% gain over the last three days. wednesday's session was the best showing in more than two years. investors are boosted by a joint effort between the federal reserve and other central banks to offer emergency loans to lower the cost of borrowing. >> okay. okay. okay. >> what? >> come ...

Shot up 490 points yesterday. the s&p surged 51 points, and the nasdaq spiped 104. in overseas trading, in toyko, neat kay climbed 162 points. and in hong kong, the hang seng skyrocketed 1,012. it was a bold move by the world's largest financial institutions and is sent a urge optimism through wall street and it sent stocks soaring. an extraordinary coordinated effort. the federal reserve, the european central bank and other major central banks stepped in to make cheaper loans for strugglie ining european banks. easing rising pressures. the dow reacted with its best day in over two years. the ...