wherever you look. the dow posting its best day in more than 2 1/2 years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k) s in this country. the s&p and nasdaq up more than 4% as well. why? well, it began with america s top economic man ben bernanke, bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the world. this is europe-related? this is definitely europe-related. there s more to today s move than just that but the driver was clearly futures were roaring very, very early, as a direct result of ben bernanke, the federal reserve s move to effectively lower the cost of gaining access to u.s. dollars. why? because u.s. dollars, that s the world s reserve currency. that s what the euro zone needs for their banks and fi
big time around the world wherever you look. the dow posting its best day in more than two and a half years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k) s in this country. the nasdaq and s&p up more than 4% as well. why? well, it began with america s top economic man bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the world. this is europe-related? this is definitely europe-related. there s more to it than that. but futures were roaring very, very early as a direct of ben bernanke, the federal reserve s move to effectively lower the cost of gaining access to u.s. dollars. kr? because u.s. dollars, that s the world s reserve currency. that s what the euro zone needs for their banks and financial institutions to p
i m erin burnett outfront tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated, is close to 600. 573 points. it s a big story and we are covering it tonight. but first, we re starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. the washington post getting everyone s attention after posting a quote from the woman s attorney who told the post, it s very frustrating that herman cain is going around bad-mouthing the two complainants and my client is blocked by a confidentiality agreement. he s asking the restaurant association to release his client from that agreement. it has been a gut-wrenching 24 hours for herman cain. allegations that he sexually harassed two women have his campaign back on its heels. but it wasn t the allegations or the fact that the women reported reportedly got financial settlements, but that he s
i m erin burnett outfront tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated, is close to 600. 573 points. it s a big story and we are covering it tonight. but first, we re starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. the washington post getting everyone s attention after posting a quote from the woman s attorney who told the post, it s very frustrating that herman cain is going around bad-mouthing the two complainants and my client is blocked by a confidentiality agreement. he s asking the restaurant association to release his client from that agreement. it has been a gut-wrenching 24 hours for herman cain. allegations that he sexually harassed two women have his campaign back on its heels. but it wasn t the allegations or the fact that the women reported reportedly got financial settlements, but that he s
and tonight, some camel horn. let s go outfront. i m erin burnett outfront tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated is close to 600. 573 points. it s a big story and we are covering it tonight. but first, we re starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. the washington post getting everyone s attention after posting a quote from the woman s attorney who told the post, it s very frustrating that herman cain is going around bad-mouthing the two complainants and my client is blocked by a confidentiality agreement. he s asking the restaurant association to release his client from that agreement. it has been a gut-wrenching 24 hours for herman cain. allegations that he sexually assaulted two women have his campaign back on its heels. actually wasn t the allegations or the fact that the women reported