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america s economic future is uncertain. the crisis threatening it is on the other side of the world. welcome to your $$$$$. i m ali velshi. concerns in the european crisis threatening the global economy and certainly the economic recovery in the united states. stephen moore, editorial writer wall street journal, chrystia freelander and assistant managing editor at time. stephen, let s start with you. we know europe s debt crisis has a very direct impact on the u.s. economy. with europe s future still uncertain, how much influence do americans, does congress and president obama have on what s really happening around the world right now. not so much. look, a lot of people probably wondering how can a small country like greece and a bigger country like italy throw the entire globally economy into this turmoil. the answer is it s the first domino to fall. it s a threat where there s a contagion threat. if italy falls we re now seeing their interest rates rise on the ....
captive was a very remote place, basically a jungle. and see, i was praying to god to bring me home safely to my family. and look at these guys, they risked their lives to save mine and i am very thankful. the country s justice minister has issued an arrest warrant for colombian man believed to be behind that alleged kidnapping. on his way to tonight s presidential debate, herman cain made a stop in his hometown of atlanta today. he avoided any references to the sexual harassment allegations against him and tried to get back into campaign mode. there s a political class in washington, d.c., and then you have we, the people out here. they believe they know better what we need than we do, but the american people are saying we re tired of them being the political class, and they treat the american people like the underclass, not when herman cain is president. the candidate also took a jab at president barack obama. cain says the president has an arrogant disregard ....
Settings. that s according to the wall street journal, which is owned by the parent company of this network. you will recall this all started back in 2009 which facebook changed its privacy settings and made everybody s profile public by default which later led to an investigation and charges of deceptive behavior. but this new agreement would require facebook to get permission from users for all future changes to privacy settings. and government auditors will apparently make sure the site sticks to the plan for the next 20 years. the feds say a gang of cyber thieves has made off with millions upon millions of dollars. hacking into some of the most poplar web sites anywhere and invading government agencies. and you may have accidently helped them do it. we will show you how in a live report coming up. plus, bank of america. the red bank cracking down again. one week after dropping its new debit card fee. bank of america is scrapping plans to charge customers an even bigger toll. so ....
With the activist movement against the banking system. jon: but the money has got to come from somewhere. what they don t in fees they will find another way to make up, right? reporter: that s right, jon. in fact top executives of bank america was on a wall street conference call and they said, you know what? the existence of the debit card fee was hurting the franchise and hurting the image. industry estimates the loss of charging that fee would lose about $6 billion a year for the banking system. they could, you know, possibly make it up, likely make it up elsewhere. back to you, jon. jon: liz macdonald, fox business network, thanks. reporter: delighted. multiple reports today hope is fading for a deal on the federal deficit. in less than two weeks drastic automatic cuts for the budget are supposed to kick in if the super-committee can t come up with a agreement. we have reports he said/she said. we have democrats reportedly reegg ing the latest gop plan. there is reportedly no ....
could bring down a continent on this american morning . good morning, everyone. wednesday november 9th. welcome to american morning . lots of news. new indication that joe paterno s 46 coaching career at penn state could be over in a matter of days or weeks. paterno has been under fire in the wake of a child sex abuse involving a top assistant of his. the board of trustees is launching an investigation saying they are outraged by the allegation. meantime a huge crowd of supporters rallied outside paterno s home last night. he was visibly moved by it. jason carroll following developments for us. he s live in state college, pennsylvania. where has this story gone since then, jason? reporter: basically it s not surprising you see so many supporters who are coming out in support of joe paterno. when you think of this man s record, his stellar record for generation, for so many years here at the cool not surprising that some are coming out to say instead of directing ....