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outfront tonight, whoa, whoa, whoa. it really was one of those days. the markets soared, the dow up 339 points. nasdaq and s&p up more than 3%. and there were two big reasons why. one, america defied skeptics with american consumers spending money. the u.s. economy grew 2.5% in the third quarter. twice as fast as the prior quarter. look at it compared to earlier this year. now, 2.5% isn t great overall, but it is a lot better than a lot of doomsayers expected. the other big news was europe. they made a deal to bail out greece. that deal also, not that great. but after 14 summits, any deal was enough to juice the markets and that it did. october now on track to be the best october for the overall markets since january of 1974. to put that in perspective, that was the year blazing saddles came out. we must do something about this immediately! immediately! immediately! thatrumf. i didn t get a harrumf out of that guy. apparently a movie a lot of guys like. 1984 ....
outfront tonight, whoa, whoa, whoa. it really was one of those days. the markets soared, the dow up 339 points. nasdaq and s&p up more than 3%. and there were two big reasons why. one, america defied skeptics with american consumers spending money. the u.s. economy grew 2.5% in the third quarter. twice as fast as the prior quarter. look at it compared to earlier this year. now, 2.5% isn t great overall, but it is a lot better than a lot of doomsayers expected. the other big news was europe. they made a deal to bail out greece. that deal also, not that great. but after 14 summits, any deal was enough to juice the markets and that it did. october now on track to be the best october for the overall markets since january of 1974. to put that in perspective, that was the year blazing saddles came out. we must do something about this immediately! immediately! immediately! thatrumf. i didn t get a harrumf out of that guy. apparently a movie a lot of guys like. 1984 ....
if we don t fix it more downgrades of our economy are coming. the president rolling out some changes to his tenth housing plan today in one of america s hardest hit cities, las vegas. if you meet certain requirements you will have the chance to refinance at lower rates which could save you hundreds of dollars a month and thousands of dollars a year on mortgage payments. in a nutshell the plan increases the number of home owners eligible to refinance. now the administration says it would allow more of the five to seven million under water home owners who are still current on their mortgage payments to refinance. the administration is pushing for a rate of about 4% for those refis. we had two key questions. one, will the plan increase housing prices? well the chief economist of real estate website zillow website told us, even if the plan is fully implemented and everything is perfect, prices of homes may not rise. that was not the answer we were hoping for. two, will ....
downgrades of our economy are coming. the president rolling out some changes to his tenth housing plan today in one of america s hardest hit cities, las vegas. if you meet certain requirements you will have the chance to refinance at lower rates which could save you hundreds of dollars a month and thousands of dollars a year on mortgage payments. in a nutshell the plan increases the number of home owners eligible to refinance. now the administration says it would allow more of the five to seven million under water home owners who are still current on their mortgage payments to refinance. the administration is pushing for a rate of about 4% for those refis. we had two key questions. one, will the plan increase housing prices? well the chief economist of real estate website zillow website told us, even if the plan is fully implemented and everything is perfect, prices of homes may not rise. that was not the answer we were hoping for. two, will it work overall? ken ros ....
explosions in kenya that killed 1 and wounded 20 others. the blasts come two days after the u.s. embassy in kenya warned it had credible information of an imminent terrorist attack. a bright moment in turkey. a young boy was among a handful of people found alive in the rubble after sunday s devastating earthquake but the country s disaster and emergency administration has just raised the death toll to 366. the defense is set to call more witnesses tuesday in the manslaughter trial of michael jackson s doctor, conrad murray. its first witness was another physician who said jackson asked him for intravenous sleep medication two months before he died. murray is accused of inadvert t inadvertently causing jackson s death. i m monita rajpal. world business today starts right now. good morning from cnn london i m charles hodson. this is world business today. our top stories on tuesday, october the 25th, bp profits jump in the third quarter. their ceo says the company ha ....