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tv   CBS Morning News  CBS  November 2, 2011 4:00am-4:30am EDT

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world markets go into a tail spin after greece balks at the european debt deal. the defense rests. dr. conrad murray charged in the death of michael jackson decides not to testify. and wheels up. a polish jetliner makes a dramatic landing with more than 200 people aboard. captioning funded by cbs this is the "cbs morning news" for wednesday, november 2nd, 2011. good morning, everybody. thanks for joining us. i'm betty nguyen. we begin this morning with a surprise move in greece that may delay or even derail the european debt deal and threatens the entire world economy. the greek cabinet ended a seven-hour meeting early this morning, by agreeing to the prime minister's call for a rupp referendum on the debt deal but
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also calls for the prime minister to resign. he faces a confidence vote on friday. the news that greece might reject the bailout sent stocks tumbling. japan's nikkei fell 2.2% this morning and follows a big sell-off on wall street. the dow lost nearly 300 points and is up now just a half percentage point for the year. the nasdaq dropped 77. susan mcginnis is in washington with more on this. good morning, susan. >> reporter: good morning, betty. this announcement has hit the global markets very hard. the big fear is that a no vote by the greek people could completely unravel this european deal that took european leaders and banks so long to reach. ahead of tomorrow's g-20 summit, french president sarkozy and merkel are holding a meeting today to head off the crisis. the greek prime minister surprised everyone by announcing the european deal to save his own country would have to be approved by greek voters. the announcement sent world
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markets tumbling. >> the worst case scenario is right now that if greece is really rejecting the rescue package, the european rescue package, that it might blow up the whole euro system. >> reporter: putting the bailout plan to a national vote looks like an invitation to disaster. for months, greece has been rocked by violent demonstrations against cutbacks and tax hikes. the european rescue plan only cuts deeper. >> they have the capacity to do it and we will continue to work with them and consult with them as they do. >> reporter: president obama leaves tonight for the g-20 summit but instead of dealing with plans to fix the stuttering global economy, the summit looks almost certain to be side-tracked by greece, a small country causing some very big problems. so possible outcomes greece leaves the union and/or a no vote could sent greek into
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default and cause financial havoc across the world. betty? >> susan mcginnis in washington, thank you. for more on why the greek crisis means so much to the economy here at home, ashley morrison from cbs "moneywatch" joins us in new york. explain to us how this ripple effect works. >> reporter: it may seem it's happening a long way away but the european crisis is the single biggest threat to our economy. we may well be dragged back into a recession. europe is by far our biggest trading partner and a default in greece or anywhere else in the eu could send shock waves through the american banking system and that includes stocks, 401(k) plans and i.r.a.s and almost everything. the congressional research surface estimates that u.s. bank exposure at $640 billion. and american banks also have more than a trillion dollars in
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loans with german and french banks which are the biggest learn lenders to the european. it could shut down the financial global system so a lot is riding on this, betty. >> no doubt. ashley morrison in new york, thank you. to the bankruptcy investigation of the giant securities firm mf global. the company has admitted using clients' money for business. jon corzine filed for bankruptcy on monday. they want to know if hundreds of millions of dollars were misappropriated violenting criminal laws. an attorney for the firm yesterday said no money is missing from client accounts rb bank of america is canceling its plan to charge a fee. charged for access to their own money. their banks, other banks including jpmorgan chase and
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wells fargo, canceled trial tests of similar debt car fees. antiprotesters hope to shut down oakland, california today. they called for a general strike. the protesters want businesses to close. last night, angry business leaders met with the mayor. >> there's no plans to remove the people who are camping illegally and causing major disruption to commercial in downtown oakland. >> several major labor groups say they support the strike. the oakland teachers union says it expects hundreds of its members to take part. well, the lawyer for one of the women who accused republican presidential candidate herman cain of sexual harassment says she wants to talk. cain has offered contradictory explanations of what happened. a lawyer for one of cain's accusers wants the national
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restaurant association. >> i think the national restaurant association ought to waive and let the two women, if they choose to do so, come forward and tell their stories so it will get a complete public a airing. >> a year's pay to sign a confidentiality agreement. >> i believe the answer is yes, but we do not have any evidence to support it. there are some people who are democrats, liberals, who do not want to see me win the nomination and there could be some people on the right. >> the cain campaign says despite the controversy, fund-raising is surging. federal authorities in georgia are holding four men in alleged plot to attack police and government agencies. the four are suspected members of a french militia group.
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prosecutors said they planned to buy explosives and planned to make ricin, a deadly toxin. a soldier is 22-year-old specialist william milla. a military policeman from kentucky. he was stationed at a joint army and air force base in anchorage and is being held at the anchorage jail. the fbi won't say much about the case, except it does not involve passing secrets to the wikileaks website. in london, wikileaks founder julian assange is back in court today. rita nissan is there with details. good morning, rita. what is expected to happened in court today? >> reporter: to face charges of rape and sexual assault or whether he will be a free man. two wikileaks accuse him of
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attacking them. they say the charges is unfounded. he outraged u.s. officials last year after releasing thousands of classified documents. they said that put american soldiers at risk. assange's legal troubles here in europe are only part of his battle. a grand jury in the united states is decided whether to indict him on charges of espionage. betty? >> thank you. secretary of state hillary clinton and her family are mourning the death of her mother, dorothy rodham. in a statement, the clinton family says mrs. rodham overcame hardship as a girl to become, court, a warm, generous and loving wife and mother and grandmother. dorothy rodham died yesterday at a washington hospital. she was surrounded by family members. she was 92. coming up, a possible link between alcohol and breast
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cancer. plus, conjoined twins now able to lead separate lives. this is the "cbs morning news." [ flamenco guitar music plays ]
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call 1 (800) lifelock today. now, there is a sight you don't see every day. in california a stolen car smashed into a fire hydrant in san diego. the water lifted the vehicle ten feet into the aaron, as you can see, it stayed like that for more than a hour as the firefighters tried to shut the water off. the car thieves, well, they got away. in colorado, travel may be dangerous because of a snowstorm. blizzards are up for strong winds and frigid temperatures. denver may get 5 to 10 inches of snow. after hitting colorado and wyoming, the snow will move into nebraska and kansas. more than 1.5 million people in the northeast remain without power this morning. utility crews and residents are cleaning up after the weekend
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storm that knocked down trees and power lines. at least 25 deaths, including one in canada, are blamed on that storm. in health news this morning, a cancer warning about johnson & johnson baby shampoo. a group wants the. johnson & johnson says it is phasing out the chemicals and makes versions of the products without them. in california, a pair of conjoined twins are now separated and expected to recover. the 2-year-old twin girls were joined at the chest and abdomen when they were born in the philippines in 2009 and they were separated during an eight-hour operation yesterday. their mother says it is a dream come true. >> words cannot express for the operation of our twins. >> reporter: the girls are expected to be in the hospital about two weeks.
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doctors say they should make a full recovery. a new study found a link between alcohol and breast cancer. it reports that a woman who has a few, as many as three drinks a week, may face an elevated risk but there are still questions to be answered as dr. jon lapook reports. >> reporter: today's study added confusion. it shows even a moderate amount may increase the risk of breast cancer. study author dr. wendy chen. >> what is new about our study we had enough statistical power. >> reporter: more than a hundred thousand nurses were followed for nearly three decades. compared to nondrinkers, women consuming three glasses of wine a week. for every 10,000 women, that translates to an additional 52 cases of breast cancer over ten years. but a previous study of the same group of women found that roughly the same amount of
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alcohol may lower the risk of heart disease. so where does that leave women? >> they don't need to stop drinking altogether. in terms of breast cancer risk to minimize their drinking we recommend that you consume alcohol of several glasses, several drinks per week or less. >> reporter: if you're wondering what several drinks means, dr. chen told us there is no hard cutoff, meaning the study provides more of a guideline than a set of absolute rules. dr. jon lapook, cbs news, new york. a new report shows that abuse of prescription painkillers is surging in this country and it is deadly. the government report says painkiller overdose kill 15,000 americans every year. that is more than cocaine and heroin combined. the manslaughter trial of michael jackson's doctor is taking today off with closing arguments set to begin tomorrow. in court in los angeles yesterday, though, dr. conrad murray's defense and murray told the judge he had decided not to
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testify on his own behalf. murray is accused of giving jackson a fatal dose of propofol in the singer's bedroom in 2009. if convicted, he could face more than four years of prison. a for sale sign goes up on dodgers stadium and the l.a. dodgers. then picked up a few extra things for the baby. oh boy... i used our slate card with blueprint. we can design our own plan to avoid interest by paying off diapers and things each month. and for the bigger stuff, we can pay downalance faster to save money on interest. bigger? bigger. chase slate with blueprint helps you save money on life's little surprises. trip...lets... start your path to saving today, call 855-get-slate.
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here's a look at the weather in some cities around the country.
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time now for a check on the national forecast. the latest satellite picture shows a mass of clouds extending from wyoming to wisconsin. a new storm is approaching the northwest but later today, snow will move eastward out of wyoming and colorado. temperatures will tumble into the 30s and forces in western kansas and nebraska. both coasts will have pleasant weather throughout the day, but showers will soon reach the northwest. in sports, the los angeles dodgers are for sale. financially stressed owner frank mccourt and mlb has agreed to auction the franchise. the league hopes a new owner can be in place by opening day. and in college football last night, a dramatic finish in toledo. with just 19 seconds left and
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trailing by four, northern illinois quarterback harsh threw his sixth passing td of the game. the 123-point total is the most ever in a regulation game in the mid-american conference. when we return, another look at this morning's top stories. and this is not the way the plane is supposed to land. we will show you what happened. this year, we won't settle for second best. we're going to give all the top brands. like kenmore, craftsman, nordictrack, die hard, samsung... and our gifts will be top notch. our wrapping? that's another story. only sears has this collection of leading brands you can't find anywhere else. now that's real joy, guaranteed. sears.
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on the "cbs morning news," here's a look at today's weather. it will be beautiful along the east coast with mild temperatures in the north and warm readings in the south. a storm system is dropping snow in the rockies and pushing showers and chilly temperatures into the southern plains. here is another look at this morning's top stories. a renewed debt crisis in
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europe triggered by greece balking at the european debt deal. the uncertainty is sending shock waves through stock markets worldwide. occupy oakland. demonstrators are calling for a city-wide strike today. several unions say they support the action but business leaders are complaining to the city government. more than 200 air travelers are thanking their lucky stars and a good pilot that they are alive today and their plane made a crash landsing in poland. the jetliner on a flight yesterday from new jersey couldn't deploy its landing gear in war saw. manuel gallegus shows us what happened. >> reporter: the polish airlines boeing 767 carrying 220 passengers skidded on its belly down a runway in war saw after the plane's landing gear failed. passengers were told during the flight that something was wrong, but they didn't know exactly what, until they were safely on the ground. >> very good. excellent landing. pilot was really good, yes.
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>> reporter: the pilot circled in the sky above the runway for an hour, dumping fuel and trying to fix the landing gear. the airline says the plane's central hydraulic system failed. the pilots new shortly after taking off from newark they had a problem. on the runway, firefighters laid down a massive coat of special flame retardant foam to prevent a fire. sparks shot out from beneath the cabin as the boeing 767 slid to a halt. crews doused it with water and foam. no passengers were injured. according to an airport spokesman, they were taken to a terminal where psychologist were waiting to counsel them. it's unclear how many americans were on board. manuel gallegus, cbs news, new york. what a landing. this morning, on "the early show," we will talk to some of the passengers on that plane. i'm betty nguyen. and this is the "cbs morning news." ♪
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so, just what makes a cool school? take a look. these students have turned traditional learning into a living legend. >> what makes your school cool? good morning and welcome to 9news now. today is wednesday, november 2nd, i'm andrea roane. >> it is. i'm mike hydeck. we're halfway home to the weekend. here's monika samtani with traffic moment early. howard bernstein has your weather first. >> a chilly morning with temps in the 30s in most areas. winds are light which is good. yesterday, we got to 61.
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>> gorgeous. >> good neighborhood. going to be in the same neighborhood today. even tomorrow, maybe even a couple of degrees warmer. >> won't you be my neighbor. >> you got it, mister rogers. >> let's get you going here this wednesday morning. i need more sleep. a couple of clouds out there. we'll be 54 by noon. around 60, 61 this afternoon with a 5:00 p.m. temperature of 59 degrees. winds out of the southeast later on about 5 miles per hour. really a very nice day ahead. storm system spinning out in the atlantic ocean that brought us a couple of showers yesterday morning. behind it, high pressure builds in. we've got nothing going on here with showers way up in wisconsin and minnesota. the u.p. of michigan. that means a couple of nice days around here. look at the temperatures this morning. 30 in frederick. petersburg at 32. greene county reporting fog issues as well. visibility down to one half- mile. mid-30s from la plata to
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andrews. 39 down in southern maryland as well. the warm spot here in town, 43. this afternoon, under sunny skies, we'll be up around 60, maybe holding in the upper 50s in the northern shenandoah valley. 61 over at andrews air force base at easton. manassas may be the worst spot at 64. monika samtani, it is 4:27. good morning. >> good morning. even at 4:27, in d.c., we can have something going on. water main break, east west highway eastbound between connecticut avenue and brookville road in chevy chase near the columbia country club. if you're traveling through the area, you'll share the lanes with the westbound side. right now, it is light enough you should get through there ok. let's go over to the beltway. here's what it looks like on university boulevard. there was construction in place on the outer loop coming around new hampshire avenue to university and it looks like the -- it has been pushed over. 66 on the inbound side, every single morning until about 5:00, construction is set up
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between route 50 and nutley street, both directions of 66. we'll go over to northbound 395. this is looking feign from the beltway to the beltway to the bridge, dale city and route 123, construction in the two left lanes. that should be cleared up shortly as well. coming up, i'll update you on a water main break at 4:39. andrea and mike? >> thank you, monica. we begin with a look at news from overnight. police are searching for the person responsible for a deadly shooting in forestville. >> this was around 8:00 last night. a 27-year-old anthony washington was killed. a second person injured in the 3300 block of walters lane. police don't know what led to the shooting. anyone with information is asked to call police. prosecutors in the lululemon murder trial is expected to rest their case today. the lead homicide detective took the stand yesterday. jim drewery detailed his many hours of interviewing brittany norwood when she was still considered a victim and not a
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suspect. the jury says that quickly changed as norwood's story started to unravel. she's accused of bludgeoning her coworker, jayna murray, to death in bethesda back in march and creating an elaborate crime scene to cover the whole thing up. her lawyers say norwood killed murray during a fight that they say it was not premeditated. the department of defense is taking steps to improve congestion around two newly expanded medical centers. >> "the washington examiner" says the dod has given $180 million to widen route one to fort belvoir. between telegraph road and mt. vernon memorial highway will be widened. four lanes will expand to six lanes. >> dod gave $40 million to help montgomery county build an underground tunnel to connect the new walter reed medical center in bethesda with the medical center metro station. another $48.9 million was given to the maryland state highway administration to improve four sections near the medical campus.


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