a sudden turn around from months of grim unemployment news, the jobless rate in november dropped to its lowest level in almost three years. 8.6%. u.s. businesses added 140,000 jobs. government jobs were lost. it s a net gain bigger than a lot of experts were predicting and welcome news for a president trying to get re-elected. is doing everything i can every single day to get this economy growing faster and create more jobs. this morning, we learned that our economy added another 140,000 private sector jobs in november. the unemployment rate went down. and despite some strong head winds this year, the american economy has now created in the private sector, jobs for the past 21 months in a row. that s nearly 3 million new jobs in all. and more than half a million over the last four months. celebrations may be a premature. what do we see? first, the positive news. the unemployment, down from 9% to 8.6%. that s very good news. the numbers by the payrolls. these are the num
with president obama and the first family, but he s with me this hour to explain more. i m wolf blitzer. you re in the situation room. he s come on through the rise and fall of michele bachmann, but this time, it might be different for mitt romney. newt gingrich is now posing a threat to romney s persistent high polling, opening up a new battle line in the republican race for the white house. joe johns the working the story for us. what s the latest between romney and gingrich? well, mitt romney has spent most of this campaign in a fairly comfortable position, but his organization is feeling the heat and the question now is how they re planning to row respond. newt gingrich at the head of the pack a month out from the iowa caucuses. a thing nobody planned for except newt gingrich. a new poll in the early primary state of florida showing 50% of likely republican voters saying gingrich is their pick for president. only 19% picked romney, who spent much of the campaign beh
i m wolf blitzer. you re in the situation room . captions by vitac www.vitac.com we begin with breaking news on wall street. a dramatic rescue and equally dramatic reaction on wall street. the stock market skyrocketing today on new that is the federal reserve and other central banks are taking direct action to prevent a financial meltdown in the euro zone using the their resources to keep money and credit flowing amid the staggering debt crisis. it s the largest coordinated move of its kind since 2008 when similar action brought u.s. credit markets back from the brink. let s go straight to alison kosik at the new york stock exchange. a banner day on wall street today. just a stunning rally. we re ending the day, the dow up 482 points. this is the best point gain for the dow we ve seen in two and a half years, this all coming after the central banks stepping in and meeting this relief rally. investors seeing it finally these monetary policymakers get it. what central
captions by vitac www.vitac.com republican presidential candidate herman cain tells his staff he is reassessing the viability of his campaign less than 24 hours after he dropped a political bombshell right here in the situation room. during my interview with him yesterday, cain revealed that an atlanta woman is claiming she and cain engaged in a 13-year extramarital affair, a claim cain flatly denies. coming on the heels of sexual harassment allegations, this leaves his campaign in a very, very precarious position. what s the latest on the herman cain, joe? wolf, with all the swirl in this campaign, this is not the first time herman cain has tried to re success the state of the race. the question for him is about polls and fund raising and support, but after the last 24 hours, there are some republicans out there who don t think things are going to get any better for him. there s no telling how the world turns in the soap opera that is now the presidential campaign
speaking to reporters right now on the occupy wall street developments. people, particularly our first responders, are going to be arrested. that s behavior that has nothing to do with the first amendment. it is designed to keep people from being able to go about their business and express themselves and just not going to be tolerated, but i think the real story for tomorrow morning s paper is that the just were not that many people out here. most expressed themselves and then went back about their business. the officer all five officers had the liquid flushed out. both at the scene and they went to the hospital. those officers went to a different hospital. went to downtown hospital. they ve been treated and released. it was a burning sensation and redness on their face and whatever that liquid was, i don t think it s been fully determined yet, but it was frushed out. the officer here? appare apparently, there was an attempt to arrest the people who had moved the barrie