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Transcripts For CNNW AM Wake Up Call 20111028



we ll bring you all the highlights. good morning to you. happitry, it s october 28th. this is your a.m. wake-up call. i m carol costello in new york. you re waking up to some of the best news in recent memory. gdp up 2.5%, nearly double the rate of last quarter. we have gains on thursday, up 340 points. the dow is heading for its best month in 24 years. the broader s&p, october could close as the best month since 1974. cnn s erin burnett asked pete kenny for his take. are you optimistic. i am. the drivers that we ve been getting are positive, surprisingly positive given weakness in some of the sectors of the economy but also the eu, toe as you had mention there s a lot of work to be done, it still takes a lost risk off the table, particularly for the financials. on a day like today, you ve seen tremendous leadership by the financials, that s a good indicator that there s room left on this move up. right now european markets are all looking up. the ftse, the dax, ....

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