the dow had a recovery from an earlier 700 point drop. the nasdaq finished up nearly 2%. oil the big story here, sinking below $100 a barrel on recession fears. dramatic turnaround in oil markets. consumers may start to feel it at the pump. overnight gas prices edged lower to $4.78 a gallon. let s go to london now, i want to bring in clare sebastian. good morning, clare. this looks like a classic recession trade. oil down, stocks down, just the most brutal first half since 1970. but it is anybody s guess where it goes from here. yeah, and i think the recession fears out there, they are valid because the question that everyone continues to ask is, is the fed and other global
service in oak creek, wisconsin we ve been following this morning. this is a memorial service for the six people killed at a sikh temple on sunday. three others were shot during the rampage. thousands attending today s service to honor the victims. they range in age from 39 to 40 years old five men one woman each visiting the temple that morning to pray in peace. now families are left trying to cope with the senseless loss. he was an amazing man. he left this world protecting the church, protecting the people. today a memorial recognizing victims for their contributions. anything she did was for us. again you re looking live at pictures here of the service that is taking place in oak creek, wisconsin, where a huge crowd is gathered to honor sunday s shooting victims and obviously pray for the entire community. i want to go now live to oak creek where ted rowlands has been reporting since the very beginning. people have come really from all around the world to attend.
developing right now, in less than an hour, a judge in london set to decide whether wikileaks founder julian assange will be extradited to sweden. an incredible emergency landing caught on camera. pilots forced to land a 767 packed with passengers on its belly. get your morning coffee. and pitch in to create jobs. that s what starbucks is hoping millions of americans will do next time they stop in one of its stores. and good morning to you. it is wednesday, november 2nd. this is your a.m. wake-up call. i m carol costello joining us live from new york this morning. thanks for being here. if you re just waking up today, new claims that he s not telling the entire truth about sexual harassment allegations made against him. one of the two women who accused cain of inappropriate behavior says she wants to speak out about the scandal that s overshadowed cain s campaign. the alleged incident occurred when he was chief executive of the national restaurant association in the 90
morning. the two-time indianapolis 500 winner died in a painful crash last sunday in a las vegas race. saudi arabia is mourning the loss of a royal family member, the crown prince sultan died earlier today in a new york hospital. he was first in line for the saudi throne and was the country s defense minister. he was believed to be in his 80s. he had been battling cancer. folk music icon pete seeger and arlo guthrie joined occupy wall street protesters. arlo guthrie said the protests reminded him of the unrest of the 60s. an update. the protester that climbed a 70-foot high sculpture finally made his way down safely. when he did he was greeted by police who immediately arrested him. louisiana governor bobby jindal is hoping to hold on the his job today. the state is holding its gubernatorial primary, a nonpartisan contest where all candidates compete. whoever gets 50% or more of the vote wins the race. here in america and halfway around the world celebrations as th
we re talking about on wealthy americans. some of the taxes we have talked about before, limiting those itemized deductions that the wealthy take. closing loopholes on hedge fund managers, oil and gas companies, corporate jet owners and also letting the bush era tax cuts for the wealthiest americans expire when they are set to. also a little more than $1 trillion in war savings. of course, we do know that the wars in afghanistan and iraq are already going to be winding down. and that s something that republicans are hitting on. and frequently both sides have used this when they do their math. and then also interest savings, kiera. $430 billion there the white house says, and that s because if you don t owe the money, you don t have to pay interest on it so the money would be saved there. all right. bre brianna keilar at the white house watching that for us. christine romans, let s break it down and talk specifically about which americans will pay for these cuts. well, let