we ll tell you where to find the best deals today, monday, november 28th, 2011. captions paid for by nbc-universal television and good morning, welcome to today on a monday morning. i m matt lauer. and i m ann curry. good thing we ve all survived thanksgiving so we re all here. in the meantime the scandal at syracuse university has taken another disturbing twist because a third man has come forward accusing bernie fine of molesting him. fine had been on administrative leave and now out of a job, fired by the school and late last night, syracuse head coach jim boeheim, who staunchly defended fine at first, released a statement calling the new allegations disturbing and deeply troubling. we ll get right to nbc s jay gray in syracuse, new york with the latest. good morning to you. reporter: good morning, matt. dramatic changes at syracuse, bernie fine fired after a new audiotape comes to the surface along with new allegations in this sex abuse scandal here. there
the asian markets responding to the markets today. dow down 9.5% so far this month alone. what happens next? and is your money safe? these are the questions. ali velshi, i ll start with you with the usual. what is going on, ali? look, we started off the day this morning with a rough night in asia. european markets on news that, you know, the german economy, the strongest in europe has weakened to almost a stall, the french economy, absolutely no growth in the quarter. that took u.s. markets downright off the top. but before that, more than 12 hours ago, we got a report from morgan stanley to say what we ve all been saying, global economies are slowing down, that they were on the we re dangerously close to a recession, we may need more intervention in europe from the european central bank and more from the fed. and you know, you ve been talking about this, piers, that rick perry said that we can t have more intervention. in fact, if the fed were to intervene, it would be t
this is piers morgan tonight. the dow plunging 419 point, down 9 1/2%. so what happens next? and is your money safe? these are the questions for legal ber and ali velshi. i ll start with you with the usual entreaty. what is going on, ali? the french economy, actually no growth in the quarter. global economies are slowing down. we re dangerously close to a recession. we may need more intervention from the european bank and more from the fed. you ve been talking about this piers, that rick perry said we can t have more intervention. if the fed intervened it would be treasonous. what s that setup? we have no political agreement in this country and add a few economic reports and i won t bore you with right now that came out again before markets opened this morning that added up into a big mix. people were running into the market, putting their money into gold, which hit another record, and savings bonds. this is pretty serious, isn t it? we ve been talking about the possi