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Front-runner almost an afterthought. a tea party is calling for her to drop out of the race saying she is and always has been a back bencher. joining me now ed rendell and tony frat owe, former spokesman for george w. bush and cnbc contributor. happy friday. >> good morning. quite a fall from grace for michele bachmann. are you surprised? >> no, not surprised but i'm disappointed. as you know, chris,she was my pick to be the republican nominee. i'm crushed by this news. >> you got on your knees every night before bed and said please. >> i was happy, happy guy after the iowa straw polls. mich...

we'll bring you all the highlights. good morning to you. happitry, it's october 28th. this is your "a.m. wake-up call." i'm carol costello in new york. you're waking up to some of the best news in recent memory. gdp up 2.5%, nearly double the rate of last quarter. we have gains on thursday, up 340 points. the dow is heading for its best month in 24 years. the broader s&p, october could close as the best month since 1974. cnn's erin burnett asked pete kenny for his take. >> are you optimistic. >> i am. the drivers that we've been getting are positive, surprisingly positive given weakn...

the dow finished up thursday, 340 points. this could be the best october in a quarter century. the economy is growing. the gross national product for the third quarter was nearly double the figure from april to june and that's thanks to consumer spending and more business investment. alison kosik will join us in about half an hour for the opening bell, but right now let's talk to global editor at large with reuters. good morning. so, what a difference a day makes. the dow futures are already down this morning and we've learned that whirlpool is cutting 5,000 jobs in north america and...

u.s. oil companies, are raking in near record profits, so why are they still getting huge taxpayer subsidies? i'm wolf blitzer. you're in "the situation room." he skipped the last presidential debate and sidelined himself in iowa saying he wants to focus on the first of the nation's primary state. jon huntsman is betting almost everything on new hampshire, but is trail ng the state while romney is enjoying a substantial lead and now, huntsman is joining some of romney's sharpest critics in questioning romney's conservative credentials. jon huntsman is joining us now from salt lake ...

between a police officer and a man being followed for having a license plate that did not match his vehicle. the officer was not injured. police are now putting up road blocks to try to stop the gunman. we'll keep an eye on this and bring you developments as they happen. and now the deal that set off the rally. the details have stopped it. a day after stock prices soared around the world on hopes that europe had finally dealt with its debt crisis, they're back down to earth as we learn more about the breakthrough. blue chips on wall street are more or less flat. and the same goes...