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family and said he would decide whether fund-raising is strong enough to stay in the race at least through the iowa caucuses 35 days from now. steve grubs is cain's chairman, on the conference call this morning and is with us live to start the program from davenport, iowa. tell me your gut. does your gut tell you yes or no you'll have a candidate come saturday or sunday? >> i think we'll definitely have a campaign and a candidate come this weekend and all the way to january 3rd. the real issue is, you know, the impact on the iowa cam. . we've got almost 900 precinct captains in place...

acquaintance but white said they were much more than that, beginning in the late 1990s when cain headed the national restaurant association. unlike the women who accused cain of sexual harassment, white says her relationship with pretty simple and very inappropriate. cain told cnn's wolf blitzer he had no plans to exit the race but today he said he is quote, reassessing. wolf joins me live just moments from now. and moments ago in los angeles, conrad murray was sentenced to four years behind bars for the death of michael jackson, the maximum term and exactly what prosecutors war as...

and david mattingly, we'll begin with you. herman cain says he's reassessing. the word reassessing, what exactly does that mean and how long do they reassess? >> he's had to pause and reassess in his campaign before during setbacks. but this time it's a huge setback. this woman in georgia coming forward and saying that she and herman cain have had a sexual relationship, an affair for the last 13, almost 14 years. now, that is something that definitely give his campaign pause. so they are stepping back. he's maintaining his appearances for the moment. he might be reconsidering what in...

i'm erin burnett. outfront tonight, ratings agency fitch affirms of the united states aaa credit rating but says guess what, we're going to downgrade your outlook to negative from stable. this happened after the markets closed. obviously, something negative and all relate the to the lack of action and the failure of the supercommittee, still stocks is soared on wall street. because the markets closed before that action happened. the dow up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales over thanksgiving surged. that's a fair word. they were ...

there's something prize sproo izing that barack obama and john f. kennedy have in common. the nba's come home for christmas. are the fans getting stiffed? shaquille o'neal on the end of the lockout and his extraordinary 19-year career. >> 19 years, baby. >> and the player so good he could only be called magic. the one and only magic johnson on the game he still loves and the causes closest to his heart. this is "piers morgan tonight." good evening. we'll get to my interviews with shaquille o'neal and magic johnson later in the show. i'll ask them what they think of the deal to end ...