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economy came out just minutes ago. christine roman has those and then zain verjee looking at reaction to a deal made on the debt crisis and alison kosik at the new york stock exchange where your 401(k) could enjoy a big day. christine, let's go ahead and start with you. before we focus on the big debt deal, if you don't mind, let's talk about what this means. tell us about the economy and the good news we're getting. >> all right, first of all, gdp. how the economy grew in the most recent quarter. the third quarter. 2.5% kyra. that's twice as fast as it was in the second quarter. it ...

good morning to you. it is thursday, august 11 now. this is "american morning." lot going on today. let's get right to it, folks. >> good morning, good morning. so much for comeback. haven't seen these kind of wild swings on wall street since the darkest days of the financial meltdown. the dow diving 520 points yesterday. this time fueled by fears or at least triggered by fears. that france is on a verge of a credit downgrade. every day it seems to be something new trying terg sell-off or the buying. that's because this is a global economy. your investments feel it here. wild swings....

Four people. they are expected to be ok. police are looking for one of the suspects. >> glad i didn't look up to see that. "happy days" cast members angry about merchandise profits and -- ok. that's brian. and they're taking their beef to court. >> ♪ feeling free oh happy days ♪ >> brian should be reading this story, apparently. but actors from the sitcom are suing cbs for $40 million over profits from merchandise sales from the 1970's hit tv show. according to the complaint "happy days" makes money off dvd's, lunch boxes, that's a big one and board game sales. the network says it's workin...