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Transcripts For CNNW Erin Burnett OutFront 20111027



outfront tonight, whoa, whoa, whoa. the markets soared, the dow up 339 points. nasdaq and s&p up more than 3%. and there were two big reasons why. one, america defied skeptics with american consumers spending money. the u.s. economy grew 2.5% in the third quarter. twice as fast as the prior quarter. look at it compared to earlier this year. 2.5% isn t great overall. but it is a lot better than a lot of doomsayers expected. the other big news was europe. they made a deal to bail out greece. that deal also, not that great. but after 14 summits, any deal was enough to juice the markets and that it did. october now on track to be the best october for the overall markets since january of 1974. to put that in perspective, that was the year blazing saddles came out. we must do something about this immediately! immediately! immediately! i didn t get a harrumf out of that guy. apparently a movie a lot of guys like. it was before cnn or i were born. stocks are up. gdp e ....

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