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the dow finished up thursday, 340 points. this could be the best october in a quarter century. the economy is growing. the gross national product for the third quarter was nearly double the figure from april to june and that s thanks to consumer spending and more business investment. alison kosik will join us in about half an hour for the opening bell, but right now let s talk to global editor at large with reuters. good morning. so, what a difference a day makes. the dow futures are already down this morning and we ve learned that whirlpool is cutting 5,000 jobs in north america and europe. it looks like that big rally from yesterday was not the real turn around we were hoping for. well, i think the rally yesterday was really mostly about europe. and i think the big question that the markets are asking is not so much is everyone going to be fantastic. is there going to be a huge economic rebound in the u.s. and in the world. the question is, is there going to be anot ....
and this boat, no match for the rough waves slamming into the mississippi overnight, despite efforts to wrangle the boat here, it was a lost cause, ta digging a huge hole in the hull and capsizing, you are in the cnn newsroom, i m susan hendricks. this massive storm is stalled just off the coast of the new orleans. it promptses to bring high winds, heavy rains and flooding. the governors have declared states of emergency. already power has been knocked out to thousands in the southern part of mississippi, the mayor of new orleans held a news conference a short time ago warning residents not to be complacent. we expect stormy conditions for the next 36 hours, so please do not be lulled into sleep by the breaks in rain. we have to stay alettrt. as all of us who have been through this know, it s not how much we get, but it s how much we get in a short period of time and should that come with unexpected rain bands, we can expect to get what we got last night, which was so ....
foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers don t like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? reporter: well, certainly the white house saw her as somebody that could set up the agency and had hoped that she was the person who could potentially lead the agency, but as you pointed out this was somebody who was controversial and ran up against conservatives that would not support her nomination. and one official telling me republicans in congress made clear that they don t support the agency, and they would block all efforts to confirm elizabeth warren as the permanent director. while she was somebody that essentially invented this agency, g ....