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i'm wolf blitzer. you're in "the situation room". -- captions by vitac -- www.vitac.com we begin with breaking news on wall street. a dramatic rescue and equally dramatic reaction on wall street. the stock market skyrocketing today on new that is the federal reserve and other central banks are taking direct action to prevent a financial meltdown in the euro zone using the their resources to keep money and credit flowing amid the staggering debt crisis. it's the largest coordinated move of its kind since 2008 when similar action brought u.s. credit markets back from the brink. let's...

private sector added 110,000 jobs in october. and president obama makes a new push for money to fix the nation's roads and bridges in a speech this hour. he'll call on congress to pass the transportation component of his jobs bill. which includes money for infrastructure. the president will use a bridge in washington's georgetown area as a backdrop and we'll take you there live. the speech is set for 11:25 eastern time. and we have new pictures today of a jetliner's dramatic emergency landing in poland. earlier video showed it from a side angle. here, you can see the plane coming...

that is booming in this weak economy. it's literally growing. we'll show you what it is. and we'll take you to the place where it's happening. occupy wall street goes global. an important day in the movement today. organizers are taking to twitter to gain support. protesters are taking to the street all over the world. we'll show you where it's happening and what's ahead. we begin with politics. nevada is the next stop on the gop road to the white house. cnn and the western republican leadership conference are sponsoring a presidential debate in las vegas. that debate will take p...

The euro price is mounting at credit rating agencies are downgrading italy and spain, taking a hit, along with 12 u.k. banks but what is happening over there, is that to blame for our struggling economy here? >> biggest head wind the american economy is facing right now is uncertainty about europe. >> reaction now from a member of the european parliament, joining me now from brussels. i heard that yesterday, i said, boy, it was, blame bush for a long time but now it is blame europe. >> well, in which case don't come to europe. europe is here because they are treat, a debt debt with more debt b...

People. that's around there. >> i want to play the bit of sound for you from alan greenspan. listen and we will get your response. >> if europe was not out there, we had the same problems we always had. basically construction in the united states. we would not have the threat to the overall economy. >> if we look at what's happening in europe, is the united states, is the united statissue? that concern we enough based on the effect on jobs here in this country? >> i think he is entirely correct. we would have the employment and the challenge of job creation regardless of whether or not europe ...