years. his legacy blemished by jerry sandusky. dozens of penn state students rally outside coach paterno s home late last night helping to save his job. on friday, the penn state board of trustees is going to set up a special committee to investigate sandusky. prosecutors say he molested eight boys. paterno is not accused of anything illegal. but he went to university officials, not to the police in 2002 when a witness told hill he saw sandusky sod miomize him ine showers. early trading right now, down 251 points. new worries that italy may next be in line for a bail out are driving the stocks down. now, italian prime minister, he is expected to resign. he s also raising some concerns about the country s future. also weighing on the markets, the greek debt. now greece s prime minister says he s going to resign shortly as well. now, that suggests that george popendreau has reached a decision on the new government. well, he has been locked in negotiations for days to ensure
i think that barack obama is somebody who sincerely believes things that are totally nuts. could newt gingrich be the next best hope for the gop? i m an idealist, a romantic and a permanent optimist. that s the american tradition. this is piers morgan tonight. good evening. we ll get to my surprisingly intense and revealing interview with newt gingrich later in the hour, but first new details on the sexual misconduct accusations against herman cain. the first woman to accuse cain has now been revealed. she s karen kraushaar. i ll talk to her lawyer in a moment. you heard what sharon bialek told me about cain last night. i believe that he first needs to apologize and he needs to admit it. then it s up to him to decide what to do next. a little while ago herman cain held a news conference. listen to what he had to say. these accusations that were revealed yesterday are simply did not happen. joel bennett representing karen kraushaar, the first woman to come fo
and stock markets react as well. european stocks closing down on grave concerns on what s happening on the euro zone and whether italy will be able to pay its bills. and stresses that we re seeing in the italian bond market. when you talk about stocks, stocks are much smaller than the overall bond market. the bond market is where governments, companies go to borrow money to keep going. the cost to borrow for governments, governments in trouble, has been rising. you have that above 7% now. 7.3% for italy to borrow money. that s even with the european central bank buying italian bonds and with europe doing things to stabilize things. 7% is seen as a dangerous signal, fredricka. when you ve seen rates climb that high before, it s triggered a bailout. how can you bail out italy? it s the third largest bond market and economy in europe. look at greece, for example, 27% the interest rates on greece bonds. greece can barely can t borrow money, quite frankly, anymore, because of it
new this morning, the penn state board says it s outraged and planning to investigate the allegations of child sex abuse involving former assistant coach jerry sandusky. meantime, students are showing their support for head coach joe paterno. developing a short time ago, italian prime minister silvio berlusconi says he will not take part in the next election. and it was one of the most watched votes around the country. in the end mississippi voters said no to the personhood initiative. good morning, it is wednesday, november 9th. this is your a.m. wake-up call. i m carol costello joining you live from new york. herman cain and his rivals for the republican nomination lock horns tonight in a debate in michigan. one thing cain probably will count on, more questions about the sexual harassment allegations that have engulfed his campaign since the story first broke more than a week ago. cain held a nationally televised news conference yesterday once again denying all of t
shocking allegations. i ll talk to her tonight along with her attorney gloria allred in their first live primetime interview. this is piers morgan tonight. good evening. we ll have much more tonight on the conviction of michael jackson s doctor including my primetime exclusive interview with a member of conrad murray s defense team. but first, political bombshell. the only herman cain accuser to go public. sharon bialek worked for the restaurant association for several months in 1997. she said that cain made an unwanted sexual advance after their dinner together. the details are shocking. he also grabbed my head and brought it towards his crotch. i was very, very surprised and very shocked. i said, what are you doing? you know i have a boyfriend. this isn t what i came here for. mr. cain said, you want a job, right? joining me now in their first live interview, sharon bialek and her attorney gloria allred. let me start with you, sharon bialek. a very dramatic day to