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CNNW Erin Burnett OutFront June 6, 2012

outfront tonight we have breaking news. a surge of the day. stocks just jumped to the moon. dow and s&p had their single best day for the entire year. the dow jumps 287 points. so you can say why, the sheer excitement. have we suddenly solved all of our economic problems? have we stumbled upon a machine gun of silver bullets? have we found our terminator? not so fast, arnold. today we got shot up with rubber bullets. it was an arsenal of talk but no concrete action. in europe, the central bank chief said officials stand ready to act and there were reports of talks of a possible deal to bail out banks in countries in crisis like spain. that s a lot of talk. being ready to stand by is different than standing by. here at home, the fed said it may be ready to take further action to help spur the economy, extending unprecedented efforts to ease credit. now, that s still talk and not action. is this what we have come to, so desperate, hanging on to the economic precipice that ....

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CNNW CNN Newsroom June 5, 2012

how are you feeling besides wiped out there, richard? reporter: i think the next thing i ll be having is a prescription for some form of antibiotics. no, it s been amazing. look, the rain is still pouring, my suit is drenched. but we have seen over four days a carefully choreographed, constructed routine from the spectacle of the river to the ceremony of today, right through the way to the balcony at the end and the fly-past by the world war ii planes. if that isn t really showing with 1.5 million people standing outside your front doorstep, if that isn t showing an element of appreciation, i don t know what is, kyra. i m just curious, can you mix antibiotics with pims? reporter: the pims are over there. and i assure you there s plenty of them. i think what we have there were an enormous numbers of levels you could have taken over the last few days. at its most basic, a tourist attraction for people to come to london ahead of the olympics. go up a notch and you ....

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CNNW Anderson Cooper 360 June 5, 2012

romney appeared outside solyndra s headquarters. you can decide for yourself whether government investment in emerging technologies is good or bad. it s not for us to decide. there are two cases in massachusetts with connections to then governor romney getting money from the commonwealth and then going bust. the biofirms got more than $2 million from the commonwealth s emerging technology fund before going under. according to the boston herald, who broke the story, both were run by romney campaign donors. the loans were proved by a seven person advisory board that included two romney appointees and three romney campaign con contribute uniters. the romney campaign said it wasn t romney s idea. this specific funding was part of a stimulus package that governor romney opposed on the grounds the government should not pay venture capitalists. he vetoed half the funding but it was overwritten by the legislature. this weekend a surrogate was asked about the contra diction. h ....

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CNNW Erin Burnett OutFront June 5, 2012

i m erin burnett. we are getting exit polls from wisconsin where republican governor scott walker is fighting to keep his job in what likely is the most expensive recall election. the results of the election will say a lot about how the state and the country is going to go in november. that, of course, is the $64 trillion question. john king with the exit poll numbers. what is crossing right now? could be the $80 million question. the results are fascinating. we are going to be up late tonight. this is a very close race. what started all this? a big fight over efforts to restrict collective bargaining rights to get union members to pay more for health care. our union members dominating the vote today. interesting question. 32% of the vote is in the recall election say someone in their house hold is a union member. it was in the 20s in the 2010 election. this tells you the labor unions are getting turnout. we are seeing other data suggesting republican voters are comin ....

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CNNW Anderson Cooper 360 June 5, 2012

bad. but it turns out there are two cases of high-tech companies in massachusetts with connections to then-governor romney getting money from the commonwealth and then going bust. one called accusphere and spherics incorporated got millions before going under. according to the boston herald, both were run by romney campaign donors. the loans were approved by a seven-person board including three romney campaign contributors. the romney campaign says it wasn t romney s idea. quote, this specific funding was part of a stimulus package that governor romney opposed on the grounds that government should not play venture capitalist. the statement went on to say, because of his concerns he vetoed half the funding but the veto was overridden by the legislature. this week a surrogate was asked about the contradictions. take a look. that they had that they enticed to come over and then bankrupt. the structure in massachusetts as i understand it is a position of appointees th ....

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