economy came out just minutes ago. christine roman has those and then zain verjee looking at reaction to a deal made on the debt crisis and alison kosik at the new york stock exchange where your 401(k) could enjoy a big day. christine, let s go ahead and start with you. before we focus on the big debt deal, if you don t mind, let s talk about what this means. tell us about the economy and the good news we re getting. all right, first of all, gdp. how the economy grew in the most recent quarter. the third quarter. 2.5% kyra. that s twice as fast as it was in the second quarter. it shows you there was a pickup in economic activity in the third quarter. and that is the best in a year. so, kyra, that tells us that the economy is doing a little better, it needs to be better than 2.5%, but that is better than it has done in about a year. that is good news about where the economy is going right now. the overnight deal on the european debt crisis. let s talk about how this has im
ripples of relief spread from europe across the world market. a deal has been reached to tackle the e.u. financial crisis. european leaders have agreed to expand the e.u. bailout fund while private sectors will take a 50% loss on greek bonds. the european agreement translated into a huge day for u.s. stocks. let s go to alison kosik at the new york stock exchange. the closing bell just rang. how did stocks finish? we don t know the final number, but we know it s very positive. it is. the numbers are settling. we re seeing the dow up 340 points. the nasdaq s&p up more than 300%. the bulls busted out of the opening bell and never looked back. this is what investors have been waiting for. these debt problems plaguing greece. and besides plugging greece s debt hole, this plans to safeguard against future shocks. it s a step forwards in instilling stability in the marketplace. being there is such a powerful positive reaction, do investors see this as a done deal? is this crisi
nearly three years ago. occupy wall street protesters were met by police. clashes break out, arrests were made. on this american morning. good morning to you. it is thursday, october 27. welcome to american morning an incredibly busy morning. it sure is we start with europe. investors across the globe, news they ve been waiting for. europe striking a deal to address its long-running debt crisis. this agreement made overnight after a marathon 11 hours of talks. that has sparked a major rally in europe and asia. u.s. stock futures are also significantly higher. we begin coverage this morning in brussels, belgium. after 11 hours of fraught negotiations, eu leaders did finally manage to come up with what they call a lasting and incredible agreement to solve the eurozone debt crisis once and for all. here it is. in the 15-page draft communique that was wrapped up soon after talks, they aim to solve problems. these leaders decided to boost the eurozone firepower or esff
they also agreed to boost the eu bailout fund to a trillion euros, details still pretty vague. they re requiring european banks to keep more cash reserves as a cushion against losses. so why should americans care? well i mentioned stocks but that is just the start. my colleague alison kosik has a whole lot more from the new york stock exchange. first, catch us up on the markets, both here and abroad. okay. randi, first stocks are at some of their best levels of the session, the dow up 293 points. if you look at this month as a whole, it is shaping up to be among the best ever. the dow is up more than 1,200 points so far for the year and the strongest gains today actually came from overseas, from europe. in paris we saw the paris index rise 6%. in frankfurt we saw a rise of 5%. france and germany have been financing much of the bailouts in europe and you re seeing this rally because this deal winds up sharing the burden, kind of sharing the pain. they re not going to be th
don t waste it living someone else s life. and top chef from a tiny italian joint downtown to a global food empire and tv career. mario batali will dish on his past and competition and own waistline. this is piers morgan tonight. walter isaacson author of the biography steve jobs. walter, welcome. good to be here. a real firestorm. top of the charts. it s selling like hot cakes. it s causing huge debate. you would expect all that because steve jobs is one of the great american business icons in history. it s a fascinating book. when i plucked out some of the adjectives you use to describe him, obnoxious, rude, ruthless, i m not surprised. nothing i know about steve jobs surprises me that he would be all of those things. i would add and i m sure you would, brilliant, genius. absolutely. can you be a genius without being all these things? i used to work for ted turner and every one of those adjectives applied to him. with steve, every person i talked to and thos