and a reminder tomorrow night at 8:00 p.m. is our debate. i ll be back tomorrow at the same time, but for now, jim costa is next. nice to see you in person. this doesn t happen very often, but nice to see you. i m jim aacosta. let s get you up to speed on this november 21st. after months of talks the congressional supercommittee is expected to announce today it simply cannot agree on a debt reduction package. everybody is pointing fingers on what caused the mess. we ll explain that on capitol hill in about ten minutes. speaking of the supercommittee, already markets are reacting badly to fears that the debt committee won t reach a deal. u.s. stocks opened sharply lower today. right now the dow is down over 300 points. this follows last week s losses on wall street, the worse in two months. former fbi director, louis freeh, will lead the internal investigation into the penn state scandal. jerry sandusky is charged with molesting eight boys, some on campus. freeh pledged a
economic forecast. let s get to alison kosik. she s monitoring everything today where at one point today, the dow tanked morning 500 points. what s going on? that s right. these worries about a recession were ampfullied today. not just in the u.s., but overseas as well. the federal reserve spooked everybody first. this was yesterday. the fed giving a really bleak assessment of the u.s. economy warning of significant downside risks to the economic outlook. translation there that the economy will get significantly weaker. then overnight, we got weak manufacturing reports out of europe, the u.k, even china, which had been an engine of growth out of the great recession. you have to remember, wolf, we re all interconnected. only been one economist to tell us europe is probably in a recession and the u.s. is teetering on the brink of one. wolf? so, basically, it doesn t look very promising right now. what are they brace you for tomorrow? tomorrow, we re trying to see if we re
created the poker website full tilt, and absolute poker, and 11 were charged with illegal gambling and fraud. and $3.81 is the average price of a regular gallon of gas up six cents from a week ago. i paid $97 to full up my car last week! and 84 is how old pope benedict is today born april 16, 1927, in bavaria, germany. happy birthday! what do you drive, dave? clayton: kids are taught reading, writing and math but one lesson they are not learning or at home, how to deal with money. the founder of prosperity for kids, and we saw your cool