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
this is 2011 or 1963? i ll ask frank ridge why he says there s something prize sproo izing that barack obama and john f. kennedy have in common. the nba s come home for christmas. are the fans getting stiffed? shaquille o neal on the end of the lockout and his extraordinary 19-year career. 19 years, baby. and the player so good he could only be called magic. the one and only magic johnson on the game he still loves and the causes closest to his heart. this is piers morgan tonight. good evening. we ll get to my interviews with shaquille o neal and magic johnson later in the show. i ll ask them what they think of the deal to end the nba lockout. were they as aggrieved as i was about this lengthy delay and the crisis in college sports in america. but first, another herman cain he said, she said story. a woman says she knew he was marry and she tells waga the relationship was, quote, a very inappropriate situation. it was pretty simple. it was uncomplicated. and i was a