tonight. ratings agency fitch says they re going to downgrade america s outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that s a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what s your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. it is about the failure in was
ratings agency fitch says they re going to downgrade america s outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that s a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what s your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. it is about the failure in washington.
i m erin burnett. outfront tonight, ratings agency fitch affirms of the united states aaa credit rating but says guess what, we re going to downgrade your outlook to negative from stable. this happened after the markets closed. obviously, something negative and all relate the to the lack of action and the failure of the supercommittee, still stocks is soared on wall street. because the markets closed before that action happened. the dow up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales over thanksgiving surged. that s a fair word. they were up 16%, according to the national retail federation. ibm says it was the best kickoff to the holiday shopping season ever. topping it off today the federal reserve said household debt fell $60 billion. the outfront strike team called this optimism. 85% of them said they were not going to go into recession. when the pundits of america were sure of just that. well, as you can see, they ended up bein
before his arrest luke gates was tweeting, i feel so reckless, he writes. live bullets, i was here, and wish the protests in new york looked like the ones here. the egyptian security forces also released these pictures which show derrik, mouth covered, amongst the demonstrators. so what were the three students doing there? were they looking for a thrill or just caught up in the moment? they were at the right place at the wrong time. reporter: one thing is clear this is a lesson these students will never forget. abc news, cairo. and coming up next, it is considered america s photo album. it s life magazine s 75th year. we ll check out all the memories. you are watching world news now. ws now. ccccccccccccccccccccccccccc
time, our forces do have stockpiles on the afghan side of the border. it is obviously something that needs to be corrected but there is no immediate concern. with rec to the drone base, at least some american officials have said, anonymously they haven t used the base for drones in some months, i don t think that is particularly difficult at this point, but if the pakistanis don t find a way to deal with these situations without the government itself attacking the united states, our relationship with them can only get more and more difficult. eric: and there s last words of warning from ambassador john bolton, ambassador, thank you so much, always good to see you. thank you. jamie: to egypt, now, three american students arrested during protests there are home this morning and speaking out about their week-long ordeal. 19-year-old derek sweeney and gregory porter along with 21-year-old luke gates were all accused of throwing fire bombs at security forces. fighting with protesters