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tv   CNN Newsroom  CNN  November 30, 2011 9:00am-11:00am EST

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you really get to test the journalist. he did a great job. >> when brian williams first heard it, he didn't flinch, he just stayed there. >> journalists aren't normal people. when you see a crowd running this way, you run this way to see what they're running from. >> good morning, don lemon. >> this is definitely, guys, a hot story. presidential candidate herman cain. this hour he kicks off a bus tour in the battleground state of ohio. but the real question is how much fight he has left in him. cain says he's reassessing his run for the white house after an atlanta woman surfaced with claims with a 13-year affair with him. let's go to mark preston who joine joins us now from washington. cain ducked the topic during a speech last noit. do we expect him to say anything today? >> we do. this is something that will dog him along the campaign trail,
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don. something he has been battling for several weeks. several women come out and allege that he sexually harassed them during his tenure at the national restaurant association and now we have this new woman, ginger white coming out saying that she had an inappropriate relationship with mr. cain for 13 years. she spoke out about it on a local atlanta television station, as we all know, a couple days ago.addressed it th morning, again, on "good morning america." >> do you believe that mr. cain is fit to be president or should he end his campaign? >> in my opinion, no, i do not. i honestly do not think that he is, in my opinion, would make a good president as far as i'm concerned. my views are different than his views, but at the end of the day, this is not political. >> and there you have ginger white just a few hours ago on "good morning america" speaking out, again, alleging she had
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this inappropriate relationship with mr. cain. mr. cain, don, has acknowledged that he had had a friendship with her and vehemently denies that there was an inappropriate relationship. when they broke the story, cain tried to preempt it by appearing on "situation room" with wolf blitzer. another false allegation was going to come out and preempt that story. just last night, don, this fund-raising e-mail came out and let's take a quick look at it. again, he rebuts these allegations and he asked for people's prayers but, basically, he asked for their financial support. why this is key, don, the fact is, we're just heading into the final stretch before the first voters in iowa take place and cain is going to need as much money as possible. last night on "john king usa" one of cain's top aides in iowa said if the money dries up, cain will have to make a decision whether he should run or abandon his campaign. >> he's still in it.
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i think he wants to see how people react to the situation before making a decision. we'll learn more today. thank you, mark preston. want to tell our viewers, still ahead, a look at herman cain's latest kriss and the impact on the presidential race. we'll talk with patricia murphy. it will be an interesting conversation. right now, christine romans mentioned on wall street, your nest egg could get a healthy boost when the opening bell rings at the bottom of the hour. two new bits of information turned markets around and optimism, optimism driving the numbers up. back now to new york and cnn's christine romans. chrisse christine, you were talking about this just moments ago. what is sending the markets soaring. >> the world central banks getting together and saying, look, we see some signs of strain in the lending markets, the way that the global banks are lending to each other on a very short-term bases and we see that there are some credit problems developing and we're going to extend a line of
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credit, if you will, to make sure the money keeps flowing between banks, even as europe deals with its banking crisis. so, you've got dow futures up 250 points on this move from the global central banks. also a little bit earlier you heard china loosen up some of its banking requirements. again, another move to make sure that money keeps flowing and the world financial system and that these strains that are developing, emanating from europe don't get worse. european markets are rallying and the german stock market up more than 4%. that is a very big move for one morning and u.s. futures are up really strongly here, too, as well. again, all about making it cheaper for banks around the world to trade in u.s. dollars. we've been seeing, don, since may, there have been some cracks and some concerns about what's been happening between the banks and the cost of them to do that borrowing. again, this is the oxygen and the blood of the global economy, right? so, these are the central banks trying to make sure that we keep it healthy. >> all right, we'll be watching
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it along with christine romans. the markets open at the bottom of the hour. thank you, christine. on now to this story the syracuse university basketball team playing on its home court for the first time since long-time assistant bernie fine was fired over sexual abuse allegations. jim boeheim walked on the floor to a pause. he met with the referees and boeheim had a warm embrace with eastern michigan coach jim murphy who was an assistant to boeheim for seven years. as you can see there during the introductions, he received a thunderous ovation. to ed lavandera who was at the game last night. an easy win for the basketball team. maybe a tougher time for their coach in the post-game news conference last night. >> yeah, there wasn't a lot of talk about the xs and os there on the basketball court or any of the offensive plays or defensive plays or anything like
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that, it was mostly focused on this investigation and who knew what and when they knew it. that's really where a lot of this is boiling down to. we talked a lot about the 2002 calls to the police that bobby davis has made. he is the accuser in this story and that really went no where. there is also a 2005 university investigation. the university says they didn't turn over any of its findings to the police department. so, there are a lot of questions swirling around how all of this has been handled over the last eight to nine years. but jim boeheim says that under his watch that we will see what has happened and he is adamant and feels confident he is secure in his job. >> i supported a friend. that's what i thought i did. i'm proud that i did. i think if you have known somebody and worked for somebody for, worked with them for 36
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years and went to school with them, i think you owe a debt of allegiance and gratitude for what he did for the program. >> and, don, jim boeheim there talking about why he was so strong in his support in the early days of when this story broke and why he was so adamant about his support for bernie fine. you know, early on he had called these accusers liars and that they were losing money. that tone has changed dramatically. interestingly enough, he was asked if he had listened to the phone recordings between bernie fine's wife and bobby davis, that accuser. he has not listened to those audiotapes. don? >> very interesting from american college football now. ed lavandera, thank you very much. we go overseas where two million workers plan to walk off the job today across the uk disrupting schools, hospitals, police stations and more all because of a mass strike over retirement
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benefits. zain verjee following it in london for us. good morning, zain. what is the big complaint workers have? >> they don't want their pensions lowered and the government is saying they have to do that because of cutbacks. they were trying to work out a deal, but it's gone no where and the trade unions here, don, are saying this is the biggest walkout in a generation. let me show you what some of the newspaper headlines are saying. "the independent" has this headline. no time for a winter of discontent. this strike is badly timed. britain's stuttering economy is on the brink of recession and the crisis and the euro zone threatens constantly to spread to the uk. "the guardian" cuts as far as the eye can see. yesterday was the day the government formally admitted its osterty plans had been derailed that series of numbers and policies could not disguise the hum humiliation. "the daily telegraph" it just got even worse.
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a much longer and harder slog than anyone imagined. quite as bad, in in many respects, as the osterty programs faced in some of the troubled periphery. >> as many as 710,000 job cuts. don? >> thank you very, zain verjee in london. now back to our top story this morning. just a few weeks ago, herman cain was a gop frontrunner and now setting the stage for his exit. what could it mean for the rest of the republican pact? that's right after this. also ahead, a lot of men sported hairy lips for the month of november. today the razors are coming out. we'll explain it all for you. i have astigmatism. so my old contact lenses would sometimes move out of place and blur my vision. my eye doctor said there's great news for people with astigmatism. acuvue® oasys for astigmatism. he said it's the only lens of its kind
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million. and they say they're giving away a million dollars to charity. good for them. the ringling brothers circus is paying a record $270,000 fine after the feds accused the circus of mistreating elephants. ringling brothers admits no wrongdoing, but, but the company has agreed to new training protocol for animal handlers. all right, now, to the story on everyone's mind. herman cain in ohio this morning. let's lookt a picture of a rally outside of dayton, ohio. he is about to take the stage. a live picture right there. in the meantime, herman cain self-confessed mistress faced questions for the first time this morning. when asked if he should quit the race, here's what she said. >> should he end his campaign? >> that's something he has to look himself in the mirror and ask himself. last night i slept very well
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telling the truth. i'm not sure what's going on in his head right now, but it's unfortunate that any of this is going on. >> all right, let's talk about this now. patricia murphy is the author and contributor to "daily beast." he was surging in the polls just last month. there are more women voters in this country than men. what does this do to his credibility, especially among women voters? >> i think there are two sets of problems for herman cain. first, all there are these allegations. both sexual harassment and the allegations of a 13-year affair. very different from he said/she said. maybe they misunderstood and took my messages wrong. there's one set of problems for hurerman cain. the other set of problems, the way he and his campaign answered these questions. tweeting out last night that this most recent woman is a libeler and a deceiver.
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>> i'm glad you're bringing that up because i want you to listen to the next thing she said and i want to ask you about that. women deny, deny, deny and the way they're handling it. i think he and the campaign are calling a lot of women liars. she also said this, and then we'll talk. >> it was a very casual affair. am i proud to admit to that? no, i'm not. i can't make this stuff up and, frankly speaking, i wouldn't want to make this up. >> so, back to what we were talking about. this is different than the sexual harassment. this was two consenting adults, a consensual relationship and she has proof and text messages as recently as this month. >> yes. >> so, she has proof. does this make damage control harder? >> it makes it much, much harder and it is no longer a case of he said/she said, even though he's still denying those to his last breath. >> it wasn't sexual. >> it wasn't sexual, but he does admit that he paid her money, he was helping her out financially
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for a friend and she has the phone records of him texting her at all hours of the day and night. even if there is no sexual relationship, that is bizarre by anyone's standards. this is a level of damage that is almost impossible to recover from. >> let's be honest here and have real talk. if you are in a relationship with someone and they're texting someone at 4:00, 5:00, 6:00 in the morning. that is between you and whoever your partner is, so, if you, if your husband or boyfriend or whomever, i assume you're married, correct? if your husband was texting someone, what is up with that? >> if my husband was texting another woman, i mean, i can't even respond. i actually never even thought about it. why are you texting her? why is there money going back and forth? why is this woman coming out 13 years going on? as a woman, you just have to think, if there's smoke, there's at least a match. >> i have half a second here
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left, patricia. who gains in this among the contenders? >> i think among the contenders, you have to think that newt gingrich will benefit from this. a lot of voters say i'm off the herman cain train. >> thank you very much. good seeing you. >> great to see you. the nation's best selling drug is about to get a lot cheaper starting today. how you can cash in on lipitor losing its patent protection. we'll go to new york stock exchange for details and an update on the markets that are set to surge this morning. they're going to open at the bottom of the hour. we'll keep watching that. growing a stash and raise some dough. now, it's time to shave. the hairy top lips go away today. we'll tell you why, next. neutrogena® t/gel shampoo defeats dandruff after just one use. t/gel shampoo. it works. neutrogena®.
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welcome back, everyone. i don't know if you noticed it, but over the past month men all over the world have been growing mustaches to raise money for men's health problems. the raisezors come out and zain verjee has the scoop for us. do you like my little attachment here? it's like monocle stash. >> i love your little mustache, little don lemon. where is your real stash? >> i prefer the classic tom selleck and magnum pi stash. i can't even grow a mustache. >> would you even get too much hair on your face anyway. we like your baby face, still, i know you care about this and it is movember and it is the last
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day. men grow any kind of facial hair to raise awareness for prostate cancer. men's health awareness. in australia they're on track to make $27 million in charity because of this month. but what they're saying, too, don, a lot of charity fatigue because different months are told, okay, this can be dedicated to a different kind of a charity. so, they're facing a little bit of competition with that and also some disaster relief fatigue like the tsunami and the earthquake that happened in new zeala zealand. things like that. but, let me show you a picture of quants airlines. they have dedicated one of their planes. a 737. now, look at this picture, don. what do you see in the nose of the plane? there is a mustache. a happy mustache on the front of the plane. >> you asked me if i had a
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mustache, never a mustache, but a beard a long time ago. >> really? we want to see it next time. >> okay. let's talk money. alison kosik at the new york stock exchange where stocks are set to surge this morning. this as global central banks work together to help the economy. alison, you like the mustache, i'm sure. talking about raising money. >> i do. very becoming on you, don. i think you should wear it all day. >> all right, i'll try it. how big of a jump are you expecting and what exactly are policymakers doing? >> all right, don, so in about eight minutes you'll see the dow surge into the triple digits expecting about 200 points, at least on the dow. the nasdaq and the s&p 500, right now futures showing up 2%, as well. you look at how european markets are doing in zurich, frankfurt, paris, london. these markets are surging as much as 4%. what is happening here to cause all this is that the central banks in the u.s. and the euro
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zone and england and japan and switzerland and canada, they're all working together to make it cheaper for banks, the trade and borrow u.s. dollars. now, china also came out and announced similar program, as well. now, the goal with this whole coordinated effort is to get more money moving, to get more money circulating through the economy. everybody is hoping this is going to help the financial markets and help consumers and help businesses get their hands on credit because the more credit that people have, don, the more they tend to spend and that could be the real medicine that these ailing economies need. i'm talking about the economies in the u.s. and europe really need to get going, again. if this sounds familiar, it should. central banks took similar coordinated action following the collapse of lehman brothers. this is all to avoid a global liquidity crunch. don? >> clearly the big story today, but also another big story, news for millions of americans who take lipitor, alison. pfizer is losing its patent
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protection for the blockbuster drug, which means a generic equivalent is available. what does that mean for lipitor patients? >> this means that lipitor is about to be discounted big time. i'm talking about 80% off in some cases, even though the full savings may not be available until some time next year. lipitor which fights cholesterol is the best selling drug in the world. almo 9 million americans take it and one on a long list of blockbuster drugs that are going off patent this year and next. treatments for asthma, high blood pressure. chief. >> the average person with diabetes takes eight to ten different medications every day. if you think about lowering their out-of-pocket costs even $10 or $20 across all their medicines, savings really add up for the consumer. >> now, if you don't want to
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take the generic of lipitor. in the case of lipitor, you may be able to stay with the brand name and save money, as well, because what's happening, don, pfizer is negotiating with benefit managers like medco to lower the co-pays on the brand name becauseifiesser trying to hold on to as many customers as possible. you want to check with your plan to see which is the cheapest option for you. >> alison kosik, thank you very much. don't go far, opening bell just a few minutes away. cnn's team of money experts will join us right after the break. this new at&t 4g lte is fast.
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stay a step ahead with at&t 4g lte, with speeds up to 10x faster than 3g. ♪ as we wait for the markets to open, we want to check on our top stories. herman cain still pushing ahead after telling his staff he is reassessing his campaign after allegations of a 13-year-long
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affair. three stops across ohio today, including one this hour. 200 occupy los angeles protesters were arrested as riot police moved in to kick them out of their tent city near city hall. move comes 48 hours after a deadline to get out expired. and a man who tried to assassinate president ronald reagan is seeking his freedom from a mental hospital. federal hearings begin today. hinckley shot president reagan back in 1981, trying to impress jodie foster. okay. we're watching your money right now. this morning, a new sense of optimism is surging through wall street and it looks like stocks will take off when the opening bell rings in just a few moments. less than 30 seconds from now. markets here and across the world are lifted from a couple new developments this morning. cnn's richest quest is in london for us, alison kosik at the new york stock exchange. we'll start with you, richard,
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since this is where we are getting the forecast from. what is sending the stocks soaring? >> well, the opening bell is now ringing at the new york stock exchange and you are expecting to see that sharp rise. european markets are up. the ftse in london up 3% and paris is up a similar amount. and the reason, of course, the central banks, the fed in washington, the ecb in frankfurt, the swiss in switzerland and the japanese central bank all agreeing to add liquidity to the market. what they're actually doing is highly technical and, frankly, you and i don't need to talk about the details. think of it as a motor. an engine and what they are doing this morning is adding grease and oil to ensure that the complex motor and engine of the global financial system, nothing gums up. nothing comes to a stop. and that's what they've done with these increase swap lines,
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cheaper money and basically they're going to pump money around the system. >> at the start now, it looks up 164 and now 170. as you said, looks like it is going into positive territory. judging from what happened in europe already. how much more, again, can we expect this to surge by the time it closes at 4:00 today, could be a different story. >> don, don, don, i have the shirt on my back and i kept it that way specifically by never answering that question. i'm not about to do it. anything could happen between now and 4:00 that would take the nervous optimism. not for one moment believe that this is anything other than an inch thick and a mile wide. what rally you're seeing at this moment has no depth to it. whether it has longevity, we will find out over the hours ahead. >> well put, richard quest in london, thank you, sir, i see christine romans in new york shaking her head in agreement, christine.
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>> well, because, look, this is a positive. we keep talking about this optimism. a positive reaction from the markets and the central banks to a very dangerous condition that had been developing in the global capital market. since may you had seen this cost to borrow dollars by banks around the world and be getting more expensive. and people would be getting more concerned about the health of some of these banks and some of the strains that they're facing because of the european debt that they hold. so, you had seen this creaking kind of wrenching problem in borrowing, in very, very short-term borrowing for banks. so, this response is mupumping e money of greece into the recession. so, richard is very right. how deep is this optimism is the big question because you still have a lot of concerns. ten days for europe to get its financial house in order to figure out how this dysfunctional family of 17 countries as ken told me this morning, all sharing the same bank account.
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imagine you have the same bank account, 17 relatives and you all have different outlooks. that's essentially what's happening in europe now. they still have to resolve those problems. this is the world's central bankers saying we're going to make sure that there's money flowing around the world and the oxygen is moving in the financial system in the meantime. >> since we've been on it, they opened at 161. when i first looked at it it and now 288, 2al89. alison kosik, give us a sense of what you're seeing. >> we're seeing the dow accelerate here up 293 points. i will use the life preserver analogy here because what this is essentially is that they're throwing a big life preserver out to the world, world banks. just in case they get into trouble, the central banks are going to be there to catch them, to keep them from going belly up. wall street, obviously, reacting favorably to this. wall street really seems to be keying in, especially on the european banks involvement in
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this because it's going to give banks in europe immediate access to dollars at a lower rate to get a free throw of luwiquidity going and that's the huge worry that is weighing on wall street, that that credit crunch that has been growing in europe as it tries to deal with this ever growing debt crisis there, don. >> alison kosik will be watching it. christine romans, as well. richard quest from london, we'll keep an eye on it. thank you very much. we'll keep an eye on the markets all morning. plus, this just in, reading the news over an ear piercing fire alarm is difficult, but it's not impossible. you'll hear it all, next. my name is heather knight i am a social robotests. robots that can interact with people in a human way. when i tell people i make robots, wow, that's really cool. when i tell people i make social robots, usually they're a little bit confused at first.
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you know, typical alarm clock. i am so glad to get rid of it. just to be able to wake up in the morning on your own. that's a big accomplishment to me. i don't know how much money i need. but i know that whatever i have that's what i'm going to live within. ♪ ♪
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so, europe was a precursor because their markets opened earlier showing in positive territory and after the federal reserve and five other central banks announced coordinated measures to boost lending to businesses and to consumers,
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this is what happened this morning and is happening this morning in new york at the new york stock exchange. the dow soaring 316 right now and we are watching it for you. make sure you stay tuned. we'll watch it for you all day. okay, as you know, if you watch a lot of live news. live tv is a crap shoot, i have been doing it for years. loilth go out and video and audio boards crash just minutes before going on air and i have fallen on the ice live and nearly hit by a car on camera, i've been heckled and had guests yell at me. i never dealt with the challenge that brian williams faced yesterday yesterday on nbc "nightly news." a.j. hammer joins us now. i was watching, i watch "nightly news" all the time but it made me want to watch more and brian definitely handled it well. >> that brian williams is unshakable. i happened to be watching, as well, last night. nbc "nightly news" was repeat
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repeatedly interrupted by a fire alarm that started sounding right at the beginning of the show. let's look at what happened to brian williams. >> good evening, because it's because of its name, of all the bankruptcies we have covered in this grim u.s. economy, this one gets your attention. you'll forgive us, we have a fire alarm announcement going on here in the studio. while staying in the air, well, perhaps not something special any more. again, we have an announcement going on here in the studio. tom costello, we should advise our viewer, there is no danger to us, we'd love to make this stop, why don't you take it from our washington bureau. >> okay, now, don, you were paying attention just like i was. and brian williams said there's no danger to us. i got to call him on this today and find out what exactly what was going on. if that alarm was just sounding, he was making that up. but, as i said, he's unflappable. he just kind of plowed right through it. nice going.
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>> a fire drill. i remember a couple years aback a fire drill during shepherd's show and he handled it very well. you ever have the lights where they pop and they go out and you don't flinch but everyone around you jumps and you go, hey, wait a minute, i'm the one on camera here. everybody's had that happen before. >> oh, yeah, i've had lights crash behind me, but we're trained professionals, don. >> all right, thank you. we'll check back. we're not done with you yet, a.j. next hour more headlines including an ugly twist in usher's custody battle. the singer had the nerve, can you believe he had the nerve to cancel his ex-wife's sacks fifth avenue card. oh, the humanity. cleaner energy,rdable, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife.
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through the drive in and hauled an atm away on a dolly. also a vermont artist is locked in a david and goliath fight with chic-fil-a. the chain has slapped him with. an indiana farm has been packing up christmas trees to send them to our troops
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overseas. how nice. hundreds of growers across the country take part in the trees for troops with fedex donating shipping there. this year, they'll deliver more than 17,000 christmas trees. well, let's check the markets now. live to the big board. you can see dow up 375 points. 374 points as we speak. the federal reserve and five of the european central banks announce that trying to ease borrowing and lending to businesses and that is helping the markets soar. they also did the same thing in europe as a precursor to what's happening here in the united states right now. we'll keep a close eye on that. speaking of europe, let's talk about this. up to 2 million public workers have walked off the job today in britain's biggest strike in decades. we're talking teachers, hospital staff, even police and border patrol. they're protesting austerity measures, spending cuts, being extended by the government. austerity measures are actually the focus of an opinion piece on
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cnn.com. sally cohn is the author of that piece and joins us now. the title of your piece is austerity policy, the low paid foot the bill. how are lower and middle class folks hurt more than others by these cuts? >> first of all, look, when an economy is suffering, as the global economy is, excuse me, we have to be clear that people who haven't been doing as well to begin with poor and working class folks that are barely getting by, they're already automatically bearing the brunt of a downturn economy. they don't have the savings to dip into and the stocks, et cetera. what has happened is a small band of pro-big business elites have used this fiscal crisis. this global crisis as a fig leaf excuse to further go after and gouge public sector unions, unions in general, poverty eleaveiation programs and programs that help the middle class and the poor and give more and more help and power to big
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banks and the rich. >> okay, more to the point, you compare austerity measures, i think you say spanking a child which is ineffective punishment, but is this belt tightening, sally, is it really a punishment or is it a necessary evil? >> yeah, i mean, look, when you look at a situation like what's happening in the global economy or what's happening in places like greece or italy or even the u.n united states, you have to look at both sides of the coin. austerity measures have this tone to it. focus their pain and punishment on public sector workers and on the taxpayers of greece, italy, et cetera. so, they extract these incredible demands, put huge burdens on middle class people who are already barely getting by and, basically say to the banks that took these risky loans we're going to kind of let you off the hook or maybe make you take a 50% hair cut but we're not going to make you pay
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for the bad risks that you initiated. >> how should the country pay for it then? >> well, you know, first of all, let's be clear. a lot of deficits. greece is a particularly unique situation. just looking at it broadly. a lot of deficits would be resolved simply by growing the economy. putting people back to work. growing the tax base. of course, you have to stop unfunded wars and things like that, as well. to suggest that we have globally and certainly in the united states and in places like new england a spending problem is a bit of a misnomer. we have a revenue problem because we have been systematically cutting taxes for the very, very rich and for big business for the last 30 or 40 years. again, part of it is in this tough moment, where do we put additional pain? are we going to take more cuts and put more pain on the middle class and on poor people or are we going to say to the rich and big business that are actually doing pretty well, it's your time to pony snup. >> you are everywhere. you are on television right now and you're also online.
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you can read sally's piece at cnn.com/opinion. if you like, join the conversation and leave a comment for her, our thanks to sally. mine was earned over the south pacific in 1943. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote.
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stories that are going to make news later. the funeral of florida a&m drum major robert champion will be held at 11:00 eastern. at 2 oorks 45 eastern president barak obama will have the tax cuts. he'll speak at a high school in pennsylvania. a holiday tradition, the lighting of the rockefeller
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christmas tree takes place tonight. >> we're also following lots of development in the next hour in the "cnn newsroom." let's check in first with ed. >> hi. the syracuse basketball team took to the court last night. the talk wasn't about the game. i'll have much more on the syracuse sex abuse scandal coming up at the top of the hour. >> i'm christine romans in new york where the stock market is up big. up 380 points right now. it's because five central banks and china all moved in the last few hours to try to support the global banking system trying to shore up dollar borrowing in the market to make sure that you and i don't face trouble in our job prospects and in our own economies as well. i'll tell you more about that at the top of the hour. >> i'm elizabeth cohen in atlanta. the block buster drug lipitor goes off patent today. they're shipping generics out to pharmacies near you. i'll tell you what it means for
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you and your pocketbook. >> thanks, guys. also coming up, the holidays is supposed to make you feel all warm and fuzzy inside, right? if you hate plastering on a fake smile to stand in line at the mall all day, you have a whole lot of companies. we're looking at what americans hate about the holidays.
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here's what you want to know, right? how are your investments? right now they're doing okay
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because of the stocks rallying because of the fed and other central banks trying to boost the economy. it is up now 400 points in the plus territory, which is a great sign this early on. it's been open almost 30 minutes now. the stocks rallied in europe because of this. it is expected to do the same throughout the day. we are going to be watching it very closely with our team of money experts, including our very own alison kosik who is at the new york stock exchange. we have been talking a lot about this. talking about the sex abuse scandal surrounding syracuse basketball. jeff, it was the team's first game since the assistant coach was fired. it was interesting, easy win. easy win, but the coach got some questions. >> of course. bernie fine was fired after the three men said he molested them. he had been jim boeheim's
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assistant for 35 years. they had been attached at the hip. boeheim got a standing o when he walked onto the court. boeheim said he never saw anything suspicious. the team did not look at all rattled. the orangemen did well. more in the second half. they pull away from eastern michigan. this team passes its first test since fine was fired. they'll be under the microscope all season. 84-48 the final. boeheim is going to get questioned. so will the players. we'll see how they handle it. >> to be talking about this, when you have a scandal going on, you know what i mean, to be talking about the win. what's happening behind the scenes is much more of an impact on the world. >> the school president says boeheim's the coach. he's not going anywhere. this team has to play ball. that's what they're there for. they're favored this year to get to the final 4. we'll be following this team all season. a final four matchup, it was in
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ohio state. number two buckeyes and their big man, number four duke. the buckeyes start the game on a 9-0 run. coach k does have one of the best freshman in the country, austin rivers. son of doc. he led everyone with 22 points. not nearly enough from his teammates. ohio state wins easy in this one, 85-63. don, i know you remember this one from thanksgiving day. lie ones defensive tackle suh, the stomp on a green bay offensive line man. he's kicked out of the game. now the league has decided to put its foot down suspending suh for two games. bad timing for the lie ones. they're in the shik of the hunt. to miss him for two games will be a big deal. >> i need a little battery over here for my earpiece. >> right in the middle of the show. >> running out of juice here. it is going dead.
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so, listen, look at the stomp thing. they are going to speed up the process to figure out exactly the punishment process in all of this. >> i think it's hard to see the league backing down on this one. right after the game suh, he didn't sound at all like he was sorry. i had to get out of the way. it doesn't sound like a man who didn't mean to do what he did. he later apologized to the commissioner, but i don't think that's going to be enough to change thing. at this point in the season they're 7-4. they're trying for the wild card. this doesn't help them. the lions are a great story. you want to root for them. >> you've done this a time or two. appreciate t. see you soon. we're going to start now at the top of the hour. "cnn newsroom," this is really what you care about. everyone cares about their wall lets. look at this, stock markets all around the world are surging today. the dow, take a look, up some
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390 points. at one point it was up 400 points just a couple of seconds ago. meantime, markets in europe are jumping as much as 4%. with alison kosik, she is following it all from the new york stock exchange. christine romans in new york. alison, take us behind the scenes at the new york stock exchange. >> why you are seeing the dow jump 400 points right now is because central banks around the world have sort of gotten together and they've agreed to work together to hold up struggling economies. the federal reserve, european central bank, bank of england, central banks in canada, japan, switzerland, all of them are getting together. what they're going to do is make it cheaper for banks to trade and borrow in u.s. dollars. the hope is that those banks will lend that money out to businesses and lend that money out to consumers because the more credit that people have, the more they're going to tend to spend because the goal here is to just get more money circulating through the economy.
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by the way, china is loosening credit too in separate programs. all of this is happening all at once. it's giving the market the huge boost today. don? >> let's go to christine romans. we see it back up 406 points. here's a question. how common though is this? have we seen the central banks do this before? >> in 2008 after lehman brothers was on the verge of collapsing. i want to be very clear here, this is the central banks playing defense, not offense. you're seeing a lot of optimism in stocks about this, but this is a reaction to a fundamentally dangerous situation developing in the far more important credit markets, capital markets around the world. you've got a situation here where the banks, maybe a lot of people don't realize this, banks around the world are constantly trading money back and forth. they are circulating the money throughout the financial system. you are starting to see signs of
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strain where it was getting more expensive sand more difficult for some banks to be able to tap into that very vital lending program. the central banks are saying we're going to keep the oxygen mask on the patient. we'll keep the oxygen flowing in the financial system. it is a reaction to a fundamentally weak situation. the banks have been slammed by the european crises which is escalating, big concerns about a slowing economy worldwide. >> do we still have alison there? as we look at these numbers, 409. when we started i think it was around 160 at the opening, at least that's what the board showed. >> i'll tell you why they do that. not all of the components are open yet. it takes a few minutes for all of the numbers to get open and for there to be a good calculation quite frankly. so you saw it open real strong. we knew that it was going to build up with futures before it opened up 300 points right off the bat.
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>> this is now in the moment. if it does happen, it's one day here. we've got a long way to go. alison kosik is back at the new york stock exchange live for us. take us behind the scenes. this is a moment in time. this is a snapshot right now at what's happening. when something like this happens, what's the energy like, the vibe like on the floor of the new york stock exchange? is it, as they say, pandelerium or are they cauti s cautiously on tis miss stick? >> the latter. this isn't an all-out answer. i'm talking about the debt issues or the structural problems here in this country in the u.s. we have our debt issues. what this is is kind of a lifeline or a safety net and something that may be helping these banks lend and borrow to each other to get liquidity flowing again.
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there is a little bit of skepticism though in talking with some analysts and some traders today about this as far as how bad does this get that this coordinated earffort had t happen. was there a bank that was ready to go belly up? there are some questions as to why this huge effort has been made all of a sudden and how bad did it get to get to this point? at this point you see the markets reacting to the headlines in a very good way. the dow up 400 points. >> christine, go ahead. i think, christine, you had something you want to add. >> i can tell you, we know exactly how bad it got. the borrowing costs reached the highest since 2008 last night. that was very nerve racking for people in the global markets. they were saying, wow, the last time we saw it so difficult to get this dollar funding, very short-term dollar funding was 2008 when lee man went down. we all know what that meant.
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there was a promiscuous prolonged credit crisis. a financial system on its heels. the bad signs have been building since may and last night they reached this point where you had a lot of concern in the markets that, whoa, we're seeing conditions in the markets which we haven't seen since the battle days of lehman. china stepped in. fed, five other central banks stepped in. >> keep your blackberries, iphones on you. we'll call on you lots today, christine roman, alison kosik. from money to politics. let's talk about the people who want to be in charge of the u.s. economy. presidential candidate herman cain on the road and at the crossroads. this morning he kicks off a bus tore in the battle ground state of ohio. the real question is how much fight he has left. he says he is reassessing his run for the white house after an atlanta woman surfaced with claims of a 13-year affair with
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him. just this morning she adds insult to injury. >> do you believe mr. cane is fit to be president or should he end his campaign? >> in my opinion, no, i do not. i honestly do not think that he is, in my opinion, would make a good president as far as i'm concerned. my views are different than his views, but at the end of the day, this is not political. >> quite frankly, a riveting interview this morning. wanted it to go on longer. let's check in. shannon travis is shadowing the cain campaign and is on his way to the next stop in dayton. he joins us by phone. shannon, again, this was a riveting interview. we heard the taped interview a couple nights ago on a local atlanta station. the first time she is speaking out live. is the cain campaign revealing any plans yet? >> reporter: yeah, you're right, don. it was a riveting interview.
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the cain campaign is not responding directly to this latest interview from her this morning on "good morning america." however, they are talking about trying to clarify a little bit more with this reassessment. reassessing the campaign means a few things. they spoke with cnn this morning. he defined it saying it's a major thing that's going on right now. he's reassessing how the campaign goes forward, what have you, but mark block who's cain's chief of staff told "abc news" last night there's no way that he was dropping out and that cain would give details of what this reassessment strategy would be today at the stop that i'm going to in dayton. we'll be anxious to hear what he has to say on that. also two other things from mark block in that abc interview. he said the only two things that would cause cain to drop out are, one, his wife. if his wife were to want him to
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drop out. number two, that if no one starts to show up at any of cain's events, don. >> good point. you know he did speak out about this. when asked about it, it was a little scrum with reporters. all he said was no, no, no. a familiar refrain. we appreciate it. on now to the scandal hitting college sports. one of the accusers of bernie fine is speaking out to cnn. three men have made sexual abuse allegations against fine. he has not been charged. mike lang is one of the accusers. he alleges fine inappropriately touched him dozens of times when lang was a boy. >> continued to appen, you know? i told him, please don't do that no more, but you couldn't tell him no. it was hard to say anything because you think you're with a god, you know? it's hard to come out and say anything to anybody about it. >> the syracuse basketball team
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played its first game last night since fine was fired. ed was at that game. ed, what kind of reaction did head coach jim boeheim get? i know it wasn't contentious. it wasn't a contentious post game questioning session. i thought that some reporters got a little bit rowdy. pretty much he should expect to get those questions. >> reporter: he was peppered consistently for a good deal of time. it took up the vast majority of the post-game press conference. i've been in much more heated and nastier press conferences, if you will. boeheim stood up there behind the podium for what seemed like at least 20 minutes or so and took the questions. he had written out kind of a prepared script that he had written himself with a friend to kind of guide him through many of those questions. he didn't get into many of the specifics into this investigation and that sort of thing, but he was asked about his job security and if he felt that this scandal would cost him
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his job eventually because all of this might have happened on his watch. you can listen to a little bit of how he responded to that. >> when the investigation is done, we will find out what happened on my watch. we don't know what's happened on my watch right now. there is no action being taken. when that is done, then we will see what has happened on my watch. >> reporter: don, we're trying to figure a lot of that out now. trying to figure out the time line of how all of this has played out. you have the syracuse police saying that they took a phone call from bobby davis, the first accuser, back in 2002. it didn't really go anywhere. they say there was no investigation launched. in 2005 the university did its own investigation but they didn't turn any of that information over to the pd.
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so a lot of this is trying to figure out who knew what when. that's where a lot of the focusing of the questioning has been. one interesting note, at the end of the press conference boeheim was asked if he had listened to the audiotape between the wife and bobby davis. he says he has not listened to it. that is what really caused the university here to finally decide to fire bernie fine. >> a similar script to penn state. thank you very much. we appreciate your reporting. coming up, more reaction on the syracuse game and the scandal. the sports editor of the "daily orange" will join us. overseas over 2 million workers plan to walk off the job in the u.k. all because of a mass strike over retirement benefits. zain verjee is following it in london. what's the big complaint the workers have? >> reporter: the government says they need to cut back and pull
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down on pensions. the workers are saying, no way. things are already bad enough. this is being called the biggest walkout in a generation. let me show you what some of the newspapers are saying. the independent has this headline. no time for a winter of discontent. it says, this strike is badly timed. britain's stuterring economy is on the brink of recession. the crisis threatens to spread to the u.k. take a look at "the guardian." cuts as far as the eye can see. yesterday was the day the government formally admitted austerity plans had been derailed. the series of numbers and policies could not disguise the humiliation but many more such days will come. finally, "the daily telegraph" says this. it just got even worse. this is going to be a much longer and harder slug than anyone mentioned. quite as bad and in many respects as the austerity programs faced in the periphery
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nations of the eurozone. it could be more strikes, don. the prime minister says yesterday 710,000 jobs are likely to be cut here. >> my goodness. appreciate that. up next, go back to the syracuse story where the head basketball coach, jim boeheim, take to the court for the first time since an assistant was fired over sex abuse allegations. the sports editor was at the game. one of the most popular prescription drugs goes generic. plus, an ugly twist in usher's custody battle. the singer's ex says he had the nerve to cancel her sachs fifth avenue card. oh, what do you hun? deer. fish. fantastic. ♪ this holiday, chevy's giving more.
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time now to take you cross-country. four men from an amish group will be arraigned in ohio today. they're accused of shaving the beards and cutting the hair of men in a different amish sect. it was a feud between one family and a larger church. three connecticut money managers who hit the power ball say they don't have a manager. the trio won a whopping $254 million. they say they're giving away $1 million. the ringling brothers are paying a fine after they're accused of miss treating elephants. they admit no wrongdoing but
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they've agreed to new training protocols. one of the accusers of former syracuse assistant basketball coach bernie fine. he faces sexual abuse allegations from three men. he has not been charged. mike lang alleges fine inappropriately touched him dozens of times when he was a boy. we want to warn you that part of what you're about to hear is of a graphic nature. >> he kept touching me. >> where did he touch you? >> in my leg and my penis. >> did you say something to him? >> yes. i said, please stop this because i'm not that kind. i won't tolerate it. if you don't want me to come over here no more, i won't come over here. if you keep doing it, i'm not going to come over here. >> graphic, but that's a reality. syracuse played its first name since the fine firing. michael cohen was at the game. michael is the sports editor for "the daily orange" which is the student newspaper there.
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before we go to the post game, take us behind the scenes on the campus. you remember the whole penn state thing where in the beginning students didn't get it. do the students and the folks on the syracuse campus get this particular issue? >> reporter: well, i think what we found out on sunday has certainly changed a lot of people's minds up here in syracuse. when all of this started there was a lot of talk that this was fallout from penn state. a lot of people weren't sure whether or not they wanted to believe it, whether or not the stories of bobby davis and mike lang were, in fact, true. with the audio file that came out on sunday and the third accuser coming forward, i think people have started to change a little bit and kind of tilt towards the side of possibly believing this a little bit more than they were at first. as more information comes out, i'm sure that will continue to go that way. at least it seems that way right now in terms of bobby davis's allegations. >> jim boeheim didn't believe it in the beginning. i have to tell you that davis broke in the airport lounge and someone turned to me and said,
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you're the news guy. i can't believe this. i played under coach fine. there is no way. he is not that kind of person. i know that he's not that kind of person when i look at him. i think people are starting to realize that there's more to a person than what they present to the public and the students are finding out about that as well as the world. >> reporter: yeah, absolutely. when all this started we talked to a lot of former players of coach boeheim and fine. former managers and assistant coach. all of them defended bernie fine to the tooth and said there was no way this was within his character. he wasn't that type of man. he was a great family man, someone who cared about his players. that may be true. i'm sure it is true. he does care about the players. like you said, there's the chance that there's more to someone. i think as the details continue to come out, we're starting to see that. there was another side to bernie fine potentially that was off the basketball court. it's not a side we would have expected. >> as you said, potentially.
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he hasn't been charged with anything. i have negative ten seconds left. what did you think about jim boeheim performance last night and the questions at the post-game press conference? >> reporter: i was surprised that he was going to be up there for 20 minutes. i think a lot of other coaches would have stayed up there for much less time. he stuck in there and answered the questions. it's obviously very different than what we've seen out of jim boeheim, having to stick to that statement. the fact that he answered all of those questions and stuck to it i think was something that he wanted to do based on his personality. it wasn't necessarily a feisty press conference. it was certainly telling the way the media had so many questions for him. >> michael cohen is the sports editor. thank you very much. we appreciate it. still ahead here in the "cnn newsroom," an army of police, an encampment of protesters. we'll show you the latest blow to the occupy movement.
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woman: my father came to america
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selling fishcakes from the back of his truck, and in 1942, of course, they were sent away. after the war, as a japanese coming back from camp, he started a little store on main street in seattle. of course they needed some money, and bank of america was the only bank who would talk to my father. and we've stayed with bank of america. we have four stores now, three in the pacific northwest and one in oregon. my parents would not believe how popular it is now.
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if you're just tuning in. we have good news for you. even if you've been watching, still good news happening on wall street. the dow is up at 380 points.
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at one point it was up 407 points. this because of the moves the fed took and central banks. at least in the short term today it appears to be working. we'll keep watch. patience runs out for another occupy wall street protest. this morning in los angeles, 1400 police officers waded into the city. protesters were allowed to leave or face arrest. casey joins us. casey, what a show of force. were police able to keep the peace? >> reporter: don, excuse the tractor that's come between me and the camera. yes, in answer to your question. the police did an incredible job last night by all accounts. as you mentioned, 1400 los angeles police department officers moved in to break up the occupy l.a. encampment behind me. they arrested, according to the police, more than 200 people overnight. despite that, there were only three uses of force the entire
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evening. two of them were very, very minor, people not complying with being arrested. one they had to shoot a bean bag into one of these trees up here to get one of the protesters out who had camped into the tree. he received very minor abrasions. overall, the mayor of los angeles said last night's operation was a big success. >> i said that here in los angeles we chart a different path, and we d. in my life i've never seen a more professional, restrained police force under very, very trying circumstances as i witnessed today. >> reporter: now what you're seeing going on behind me now is going to be going on for the rest of the day. the police want to make sure that the protesters don't come back into this park surrounding city hall. so they are moving barricades into the area surrounding it,
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fencing, and they'll have officers stationed here throughout the day. protesters say they are considering some sort of a protest later in the day. police are expecting that, but they are very confident, they say, that they are not going to allow this park to be taken over again by these protesters. don? >> casey has a live shot there with a lot of folks and equipment. one thing you said in your live shot, it looked to be some sort of backhoe or dump truck. the pictures are incredible. if your photographer can pan around again. what are they doing with the tents, sleeping bags and stuff we're seeing. are they taking dump trucks and throwing it away or giving it back to the people it belongs to. >> >> reporter: they're doing all of that, don. i don't know if my photographer can show what's over here behind me. this is a pile of haz mat suits that police officers had to put on as they were clearing this encampment overnight. behind me there is just an
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incredible amount of filth. there is medicine, there's dog food, cooking equipment, toilet paper. it's frankly a disgusting scene. the cleanup job is going to be very, very tedious. it's probably going to take quite a while. just to get the grass growing again in this park. who knows how long that will take. >> amazing. as you said, it's all about perspective. to some people the junk, one man's junk is another person's treasure. even if it's just toilet paper or whatever it is, it's their personal belongings. the pictures are incredible to see exactly what's going on and happening now live. casey doing a great job of covering that for us. stand by. we'll get back to you. thanks again. coming up, the holidays are supposed to make you feel warm and fuzzy inside, right? if you hate plastering on a fake smile to stand in line at the mall, you have a lot of company. we're looking at what americans hate about the holidays.
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what's a shakeout? if herman cain quits, our political buzz panel weighs in. let me tell you about a very important phone call i made.
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maria cordona. political talk show host and comedian pete dominic. there we go. i knew you were going to do it. georgetown university chris messler. be a gentleman. first question, they joke about herman cain's future in the case. >> he's considering the unthinkable. cain says he'll spend a few days off reassessing his candidacy. her man, don't you leave this
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election. leave the pizza half baked. i'm saying it's not as a supporter but as a broadcaster. i need you in the race. don't leave me with him. >> unlike pete, that's what i'm going to call you. i'll start with maria. if cain drops out, who benefits? >> well, it will be interesting to see because this race has been so bizarre. there's been two races in this race. one is the mitt romney versus mitt romney. to quote a comedian, it's the mitt romney from four years ago. this mitt romney doesn't agree on anything. then it's the anybody but romney race. i think if cain actually does drop out, i agree with him, i hope he does not, then i think it's going to be either knew the or perry. perry need to prove he has a brain if he's going to pick up any supporters. >> little bit of time. you had been talking. 30 seconds popped up. i'm cutting you off. chris, next, who benefits?
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>> absolutely newt benefits at this point if cain -- sorry, if cain decides to -- sorry. >> keep going. keep going. >> newt benefits, particularly looking at iowa coming up. a couple of points can in fact make a difference. newt has been very kind, gentlemanly towards cain, in particular the lincoln douglas debate. he said it's up to her man to answer these questions. he knew this was coming. >> i cut you off for a second. i thought i would let you go. >> i think his supporters, cain supporters will go to newt. >> enough now. pete? >> don, full disclosure. i work at cobair. i would like to criticize my boss. he is acting spoiled as a comedian. there is still plenty of meat on the bone to criticize and make
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fun of. who benefits from the candidates? rick santorn. i say he should get his shot. who benefits, the american people. the more we focus on these accusations, the less we focus on the issues that are important to us. >> you're not bragging or name dropping, not at all. >> you know what, forget it. the gauntlet is off. i'm coming for you on twitter. >> i'll take on your $10,000 any time. 120, thank you very much. mitt romney takes his first dig at newt gingrich. >> he spent his last 30 or 40 years in washington. i spent my career in the private sector. i think that's what the country needs right now. i think to get president obama out of office you'll have to bring something to the race that's different than what he brings. he's a lifelong politician. >> can mitt romney a former governor and son of a governor play the role of an outsider for
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every man? chris? >> absolutely not. i'm a conservative who absolutely wishes that mitt romney would get out of this race. can he play the outsider? he's spending his entire life in the private sector? does that include the time when he was governor of massachusetts? does that include all of the time that he's been running for president? give me a break. the ultimate outsider. maybe his hair is the outsider, but that's about the only thing that's the outsider. >> there was a whole article on his hair in "the new york times." i'm breaking protocol. producers don't freak out. why do you think he should get out? >> here's the problem, we don't know who he is. from our perspective, if we're going to run someone who is different from president obama, it cannot be romney. romney can't win. he's dead in the water. >> gotcha. i get the sentiment there. let's go to maria now with the
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original question. >> no, absolutely not. i completely agree with chris here because you have somebody who was not only governor, but he has been running for president for the last ten years. he also ran for the senate in the '90s. no, he can't play any role credibly here. that is his problem. why? because on every single issue of importance in this race and of importance to the american people he has done a complete 180 flip-flop on every single issue. he cannot do anything credibly in this race or in politics generally. >> right on the buzzer there. pete, we don't have time for your answer. i'm kidding. go ahead. >> here's the deal. maria and chris are right. he's spent his entire career trying ton an insider. he ran for governor, president for twice, all he wants to be is an insider. he can run in this. the fact of the matter, people
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believe there are a certain number of americans who don't pay attention. he can say i was an nfl quarterback and people might believe it. him running as an outsider is rudy rutiger didn't want to play at notre dame. >> how many days has it been for rick perry to have a cringe moment. he made two mistakes in one sentence. >> those of you that will be 21 by november the 12th, i ask for your support and your vote. those of you who won't be, just work hard because you're going to inherit this. you're counting on us. >> okay. here's the thing, it's 18 and it is november 6th. is it time for him to make a return appearance and laugh it off with david lerman? maria? >> i think he needs to be quiet. was he actually asking students
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to go to the polls drunk because clearly he was thinking about 21 being the drinking age. no. this is the reason why if and when cain drops out, his supporters will not go to perry. they will probably go to newt. perry needs to be quiet. >> i think at this point he just needs to laugh himself all the way back to the border. he's an embarrassment from my perspective as it relates to perry at this point, it is the height of hippocracy to think he has a brain. >> wow. five seconds left. >> owe. listen, they're all kind of embarrassments to the republican party. cain, perry. let me defend rick perry. play devil's advocate. 21, six days after the election date.
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that's when he's drowning his misery in alcohol. he's looking for people to do it with him. the question i wonder every time i see his face, i say, who are these texans that vote for this guy. >> you're done. what was that reference you made again? >> that was my twitter feet@pete dominik. >> no, no, no. >> rudy. don. don. don. >> send him some tweets, followers. bye-bye. oh, my gosh. the kardashians. too bad another one is on the way. so are "showbiz" headlines.
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the kardashians. they're big on family. well, now theirs is getting even bigger. a.j. here with some of the baby news. take it away. >> all right. don, they confirmed this morning that courtney kardashian are expecting their second child. they have a son named mason. he's nearly two. the pair have been together for five years and kardashian fans well know that these guys have a contest two wous relationship. she's about 9 weeks pregnant. it's a little early for the people to reveal this kind of news on this scale. she feels confident about telling the world at this point. apparently there is no truth to the rumor, don, that the pregnancy is being staged for reality television. >> okey-doky. usher's divorce was pretty ugly. so was the custody battle over the two kids.
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what's the latest on this, sachs fifth avenue? >> this is a really ugly battle between the singer and his ex-wife. the stories say the wife wants usher to undergo drug testing. she claims they're violating the custody agreement by not paying for things like the children's nanny and her sachs fifth avenue credit card. usher has been asking for full custody of their two sons since january. that was after tamika didn't allow the two toddlers to join him on the world tour. she's telling us that usher is retaliating against her client by refusing to abide by the support provisions including the financial terms of their support. while he has chosen to fight this in the public. she wants to fight only for the best interests of her children. we reached out to get usher's side of the story. they don't have any public comments about this for now.
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don, these are 2 and 4-year-old boys. hopefully they can do what's best for the two little kids and put their differences aside. sachs fifth avenue credit card, really? >> cute kids, by the way. that's what it should be about. a.j., appreciate it. if you want more information on everything breaking in the entertainment world, a.j. has it this evening on "showbiz tonight" at 11:00. coming up, we'll see what americans hate most the holiday season. [ mom ] scooter? your father loves
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alison kosik at the new york stock exchange where the dow is up some 400 points. big question, how high will it go? >> now that is a really good question. i can't answer that one question, but i can tell you there's a lot of power behind this rally as the dow is up 421 points. the reason this is happening is because six central banks including the federal reserve, they've all gotten together. they're announcing this plan to get money moving through the world economy. what they're essentially going to do is make it cheaper for banks to borrow u.s. dollars if those countries need it. this is all happening as credit in europe has been drying up as the debt crisis there gets even worse. it gets even more expensive for countries, banks to go ahead and borrow money. so this is certainly music to wall street's ears today. did you know, jodon, there's a
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consumer report out that says there are a lot of scrooges. guess what people dread the most about the holidays. >> shopping. >> take a guess. >> shopping is one of them. here are the top three, crowds, long lines, going into debt. let me give one more. gaining weight. do you feel more pressure to eat more over the holidays? i see your tweet. i know you're eating. >> i feel like i can't eat more. >> let me give you two more that people hate. people hate the seasonal music. 24% say they hate seeing certain relatives. bah humbug. >> when the music comes on imat thanksgiving, they're jumping the gun. up next, cheaper versions of one of the most popular prescription drugs in the u.s. will soon be available. [ male announcer ] you are a business pro.
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top selling drug lipitor loses its pat ton today. elizabeth. over 17 million people have been prescribed lipitor. what does it mean? >> this is the world's best selling drug. can you believe it? you know what happens when you have the world's best selling drug and only one company has been allowed to make it. guess what, they charge a lot of money for it because they have no competition. if you want to take it right now, it is approximately $160 a month. we will see that price go down. generics are being shipped to pharmacies as we speak. >> how much will it go down? >> we don't know how much. let me take an example from the past. when prozac became generic, here's what happened.
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right now if you look at it it's about $227 a month for brand-name prozac. generic is $22. you can see there's a huge cost savings when it goes generic. >> just as good? >> they are just as good. it's the same thing. >> okay. >> that's what they say. >> it's so confusing sometimes. what's the best way to get a drug you need at a low price. >> you and i are going to do a little role playing. you're the doctor. you hand me a prescription. hand me a paper. >> this is my prescription. your prescription. >> i'm going to say, doctor, is this a brand-name drug? >> yes, i am. >> i'm going to say to you, can you please give me a generic instead? is that possible? >> okay. >> got a lot of pens here. i will say to you, well, doctor, if there is no generic, is there a different drug that you can give me? what people forget is that there isn't just one drug for cholesterol, there's a bunch of them. same thing for depression, same
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thing for high blood pressure. go to cnn.com/patients. now you can see it. >> thank you. we appreciate it. he shot president reagan 30 years ago. now he could be a free man. david gergen was huddled in "the situation room" and was trying to figure out what to do if the president dyed. ♪ [ electronic beeping ] [ male announcer ] still getting dandruff? neutrogena® t/gel shampoo defeats dandruff after just one use. t/gel shampoo. it works. neutrogena®.
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white house candidate rick perry appealing for voters. he seemed to leave out some of the electorate. our senior political editor mark preston has that story for us. >> rick perry might have gotten into the campaign a lot later than some of the other candidates, but it's been grueling over the past couple of months. very exhausting. he's had a couple of oops moments on the campaign trail. we all know what happened during that presidential debate a month ago. look what happened last night in new hampshire when he was talking to college students. >> those of you that will be 21 by november the 12th, i ask for your support and your vote. those of you who won't be, just work hard because you're going to inherit this and you're
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counting on us getting this right. >> there you have rick perry telling those college students when they turn 21 he hopes they vote for him. the voting age is 18, don. of course, he also got the date of the election wrong. he said it was the 123th. it's actually the 6th. let's give the guy a little bit of a breakdown. we've had a little bit of flubs on air. he's had a few oops moments, hasn't he? >> we're watching the sound bite. t.j. is here. give me a break. it's tough out there. think back to your long journal is stick career. how many times have you been on live t.v. >> i'm not running for president. come on. mark preston, there's a different when you're running as leader of the free world. >> i'm with t.j. on this one. >> thank you, guys. reminder for you. cnn politics.com for more. this is a joke here in the building. there's the other black guy.

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