we ll bring you all the highlights. good morning to you. happitry, it s october 28th. this is your a.m. wake-up call. i m carol costello in new york. you re waking up to some of the best news in recent memory. gdp up 2.5%, nearly double the rate of last quarter. we have gains on thursday, up 340 points. the dow is heading for its best month in 24 years. the broader s&p, october could close as the best month since 1974. cnn s erin burnett asked pete kenny for his take. are you optimistic. i am. the drivers that we ve been getting are positive, surprisingly positive given weakness in some of the sectors of the economy but also the eu, toe as you had mention there s a lot of work to be done, it still takes a lost risk off the table, particularly for the financials. on a day like today, you ve seen tremendous leadership by the financials, that s a good indicator that there s room left on this move up. right now european markets are all looking up. the ftse, the dax, all w
ripples of relief spread from europe across the world market. a deal has been reached to tackle the e.u. financial crisis. european leaders have agreed to expand the e.u. bailout fund while private sectors will take a 50% loss on greek bonds. the european agreement translated into a huge day for u.s. stocks. let s go to alison kosik at the new york stock exchange. the closing bell just rang. how did stocks finish? we don t know the final number, but we know it s very positive. it is. the numbers are settling. we re seeing the dow up 340 points. the nasdaq s&p up more than 300%. the bulls busted out of the opening bell and never looked back. this is what investors have been waiting for. these debt problems plaguing greece. and besides plugging greece s debt hole, this plans to safeguard against future shocks. it s a step forwards in instilling stability in the marketplace. being there is such a powerful positive reaction, do investors see this as a done deal? is this crisi