dealers. >> gamblers have to make sure they don't lose money in a casino they desperately waited for. cnn, new york. >> all right. casino time. >> let's go! >> that will do it for us. we will be back tomorrow morning bright and early and 6:00 a.m. over to kyra phillips in the cnn newsroom. >> this morning, college sports faces one of the biggest scandals in decades. allegations of child molestation rocking penn state in a football program built on integrity and honor. jerry sandusky, a one-time defensive coordinator is accused of molesting eight boys. two school officials are expected to surrender to police today, accused of trying to cover it up. that's just two days after the

university president vowed unconditional support for both of them. jason carroll is there. the question now is, what exactly did they know and when did they know it? >> exactly. perhaps we will get more answers later on today when the attorney general holds a press conference. when you talk about that unconditional support, you have to wonder about that now because the two school officials resigned late last night. >> he's a legend in the world of college football. for 23 years, jerry sandusky served as defensive coordinator for the lions. now he is out on bail and defending himself against charges he sexually abused young boys, one as young as 8 years old. they are accused of covering up the incidents resigned in the wake of the scandal. sandusky's lawyer said his client is innocent.

>> jerry is very, very depressed and upset. he is very distraught about the changes and the allegations. the knowledge that regardless he proves his guilt or innocence, people are going to think he did this. >> pennsylvania's attorney general calls him a sexual predator. the grand jury report lays out in graphic detail how he targed eight boys ranging in ages from 8 to 14. prosecutors say the boys were victimized between 1994 and 2009. in one case, a student testified he will cover the boy estimated to be 10 years old. the student reported it to penn state's coach who in turn told his immediate supervisor. he was also brought to the attention of gary schultz, a vice president. they questioned why 91 of the

men reported the incident to police required under pennsylvania law. both are charged with perjury for allegely lying to the grand jury. they testified they were under the impression sandusky was "horsing around with the boy in the shower." the board released a statement saying under no circumstances does the university tolerate behavior that puts children at risk. >> let me say there is a big normal issue about the behavior at penn state here. about the failure to academy. the legal issue is whether they lie. >> according to the grand jury report, all of the alleged victims came into contact through his charity, the second mile. >> it's a nonprofit organization that reaches out to serve young people throughout the state of

pennsylvania. >> san dusky and his receive formed the second mile to help troubled boys. he retired from coaching in 1999 and had access to penn state follows. so popular he wrote an auto biography entitled touched, the jerry sandusky story. >> and san dusky is right now out of $100,000 bail. the next court appearance is wednesday. later the general just about at 1:00 is expected to give a press conference where he will answer questions and hopefully get more details about this case. >> kyra? >> we will definitely be following the investigation. what effect will the child abuse have on head coach joe paturno and the football program? we will talk about that in about 10 minutes with mike peska. herman cain may want to move on from sexual harassment

allegations, but others are still talking about the story. quite a weekend, paul. >> quite a weekend and you are right. the candidate would like to move back to the issues, but until the questions are answered, the media and journalists are going to be asking. that's what happened over the weekend. he was at a debate sponsored by a tea party group on entitlements and the economy. he comes in front of cameras and they asked about the sexual harassment and it got testy. take a listen. >> if you all listen, if you all just listen for 30 seconds, i will explain this one time. what i am saying is this. we are getting back on message, end of story. back on message. read all of the other accounts. read all of the other accounts, what everything has been

answered in a story. back on message, okay? >> debates may help out cain this week. there were two schedules on the economy and one on saturday on foreign policy and national security. that may move the spotlight away from the former godfather of pizza ceo. they said they raised $1.6 million in the week since this controversy came to light. >> republicans still think romney has the best shot of beating obama, right? >> they do. they may not love him, but new numbers with republicans only with who has the best chance for beating the president, about a third say mitt romney. cain at 21% and rick perry 11%. with all the other issues, romney is not number one. this is the only issue where he has the let. that is troublesome for mitt rom flee. he only has been in iowa eight

times. we are eight weeks away from the iowa caucuses. >> we are talking about hundreds of days. your next update is about an hour away and a reminder to go on our website. he's no stranger to scandal. so far he survived allegations of corruption, tax fraud and even bunga bunga parties. now he faces economic troubles that could bring him down. how much danger is berlusconi really in? >> a lot of danger. if it's not the problems with the bunga bunga parties, there is problems with a possible bailout italy might have to face. he's in trouble and there is a real question of whether he will be able to survive. he survived 51 confidence votes

in the past and who know fist he will be able to do it. rumors he is going to resign and he went on facebook and saying no, i'm not going to resign. italy has a huge debt. the issue is that many don't have confidence. they don't have confidence that berlusconi can do the reforms to reduce debt and increase growth. that italy needs to do and if they are not able to do it if they need the massive bailout and the euro zone doesn't have enough money because it's so huge. the third biggest economy in europe. berle scony is facing pressure from europe and within his own party, the rebels he is working on the phone trying to get them not to defect and support him.

all of this matters for two wanes. they are held in euros and any situation with the euros are going to create a real problem in world markets and the economy. also the big ex-pours that go from the united states to europe. billions of dollars are at stake here. if italy goes down, it will be a disaster for the euro zone. they will go into a recession and it will affect american jobs and american exports. there is a lot at stake for the u.s. and for sylvia berlusconi. >> we will talk about the possible impacts on the usa. the ripples are on wall street and they are keeping a close eye on greece and the impending resignation of the prime minister days after accepting the european bailout. in new york, you are watching greece and italy. the impact that it can have on our wallets. >> and zaneconnect 1200

news cross-country. occupy atlanta protesters accused. the arrest was one of 20 made when they began marching down the street. in connecticut more than 100,000 homes still without power after the snowstorm. the governor sent national guard troops to help crews and asked the state attorney general to investigate what he calls inadequate response by the state's largest power company. former heavy weight champ joe frazier is fighting for his life. the 68-year-old has liver cancer and he is in hospice in philadelphia. a huge story with college football. jerry sandusky facing charges of

sexually abusing young boys. two penn state officials have now stepped down over allegations of a cover up. we will talk more about this with mike peska. a number of questions, but i'm curious, you are plugged in to the sports world and have win about everything. have you heard of anything with him tied to little boys? >> not publicly and that's one of the reasons that he was able to continue with the behavior for sometime. the stories indicate that there were surface reports earlier, even a decade earlier about the actions that he was engaged in. that's what is disturb being it. it's also typical from what we know about child sexual abuse that so often the abusers, a blind eye is turn and a lot of

the story follow a pattern and template of a sexual abuse rather than a football story. it's not unknown that junior hockey in canada had sexual abuse going on. even though no matter what walk of life you are in, it happened in every walk of life. >> point well made. >> joe has so much more respect for winning football games than any division one coach. how does this impact his legacy? >> well, depending on what happens and especially depending on how much joe paturno knows, i don't think that years from now, can you say he was just a couch and not have anyone bring it up. he is 84 and his coaching style is very much delegating huge parts of his job to assistance. coaching a big football team is very hard and every coach does that, but joe especially because

of his advanced age more than any other sits in the press box and doesn't prowl the sidelines and perhaps you can make the logical leap that he didn't have as much control. he knew about these or it is alleged that he first heard about these allegations back in 2002. that was years ago and he was only 75. we don't know how much he knew and if others acted swiftly or done more than he did. reports say he told his superior that someone told him that jerry sandusky was involved with something he shouldn't have been. at that time sandusky was not even on the staff. it looks very bad and joe paturno expressed sadness. >> and they are coaches and could this have been a cover up? they are fathers too and grandfathers. how do you let something like this go by?

i want to ask you about the nba if you don't mind. the lock out. they have this new offer on the table. the wednesday deadline. are we going to lose more games? >> the offer seems to be if you don't take this offer, we are lowering the amount of money we will give you. the players were getting 57% before this season of all revenue and they have come down to 52%. the owners are ticking to 50% and you are only getting 47%. here's the problem. if the owners said that 50% will get a deal done, how do you take them seriously if they stick you with 47%. on the other hand, once you snake declaration, it's hard to walk it back. you lose faith if the players reject the deal and a month later say okay, sure, whatever. 51%, that's fine. the rhetoric has painted both sides into a bit of a corner.

at this point i'm not so surprised that this many games have been lost. both feel they can get an advantage up to this point. we might be really at a critical measure where it's going to be hard to walk back with the latest proposals and have been the latest offers that are offers you can't refuse. >> mike, we always appreciate when you come on with us. bank fees are becoming a way of life these days and americans are not taking it sitting down. they are closing their accounts and taking their money elsewhere. we will see how successful the transfer day was. britain's will and kate, heading to new digs. it's a fixer upper and it isn't cheap. you are probably wondering what does the palace have to do with that? you'll see. ( phone ringing )

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. >> who would have thought a palace has an apartment and needs a million dollars in upgrades. a scoop on will and kate's new digs. i have a feeling that this apartment is much nicer than what you and i lived in after college. >> you can probably say that. kensington palace is where we live and where william and harry were. readinging into the one that used to last by princess margaret and one of the grantest that is by 20 rooms. i have been to the next door. that's a very large town house and grand in a small area. it does need to be gut and done up.

the last renovation was in the 1960s. a big renovation job there. you have to take all of that out. the taxpayer will pay for the work. katherine is very hans on and artistic and i'm sure she will be very much in charge of this. >> i guess we can talk off line. until then, everybody wants to know about the rumors that kate is pregnant. >> we were talking last week, where were you? >> we were talking about it and the great work that was done there. the tabloid reporters are desperate for the pregnancy story. they are latching o. you may remember when they went inside the building, william tasted peanut paste given to malnourished children.

she didn't take it. that is the basis of this story. this is the prince of denmark. katherine didn't. maybe there is concern that if you are pregnant and you have peanuts, you will give the unborn child an allergy. that's not the advice almost. >> maybe she doesn't like peanut butter. >> exactly. we shouldn't expect uilate. >> she was rubbing her stomach. >> don't we all when we have indigestion? >> we are good to figure out and getting in a little trouble. straight ahead, herman cain said the end of the story to the sexual harassment allegations, but is it. can he get his campaign back on message.

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in joint comfort within 7 days. [ jill strange ] since taking osteo bi-flex, there's nothing that i can't do. [ male announcer ] osteo bi-flex. the #1 doctor and pharmacist recommended brand. >> former football coach jerry san dusky is innocent a united states onned of perjury and stepped down. jurors begin deliberations two hours from now. murray faces up to four years in prison. the president plans to talk about tax credit it is to get veterans back to work.

>> herman cain said end of story and he is not going to take any more about the sexual assault allegations. >> don't even go there. >> occur i ask my question? >> no because -- please cent him the journalistic code of ethics. >> contributor grander son and will cain have a stake on this. they have their code of journalistic ethics. these reporters and gone on the record. isn't this all a moot point? >> i don't like the way he panders and treats black people in the press. this is not about sexual

harassment, but how he handled a crisis and how he handles the press. if you will be president of the united states, what you can't do is be antagonizing to the media. this is telling that this is not each a real crisis and he teams to be unraveled. what is he going to do with an actual crisis? we are seeing something i find disturbing and people should be looking closely at. >> what do you think? >> i think there is a point to be made about journalistic ethics. i don't know if herman cain is making it. in the case of sexual misconduct and allegations, the accusation is enough to be the builty condemn nation. i grew up in a small town and my dad was a lawyer. in a divorce proceeding, all it takes is for someone to claim he hit me or touched our child and it's over. i'm not talking about the child

custody, but the community. we have seen this on the national taj, the we have the conclusion they reach. herman cain is a sexual harasser. >> how does he get back on message? >> the reason why people say that about herman is he did a disastrous job to begin with. the political approached his campaign manager a week before and he needs to get ahead of the story. you sit down and have a press conference and give an intellectual speech about what happened and how you respond and how you want to move forward. you don't handout codes of ethics. that makes you look guilty more than anything else. >> what are about gloria cain, his wife. she was set to do an interview

and canceled. do we need to hear from her and can that make a difference? >> no. i can't see a difference it makes. i would make two points on strategy. if the truth is on your side, tell the truth and you move past the issue. the problem with sexual harassment, they look at the same instance and come to different conclusions. that can be why he is not forth coming with the details. there is no clear strategy and how they move yund it, but blaming the media has not proved to be a problem. it is working and you make the media the bad guy and you might come out on top. >> always great to have you guys weighing in every monday. thanks. gloria cain is keeping quiet, but not rick perry's wife. coming up, her surprising take on her husband's religious faith

and how he was called to run for president. it's electric. i don't think so. it's got a gas tank right here. electric tank, right over here. an electric tank? really, stu? is that what you pour the electricity in? it's actually both, guys. i can plug in and go 35 miles gas free, or i can fill up and go a whole lot farther. is that my burger? oh. i just got bun. i didn't even bite any burger. ♪ imagine me and you, i do ♪ i think about you day and night ♪ ♪ it's only right ♪ to think about the girl you love ♪ ♪ and hold her tight ♪ so happy together [ male announcer ] when life changes, so can your insurances needs. use travelers free guide to better coverage to stay prepared. is your auto and home insurance keeping up with you? contact your local travelers agent, or call 800-my-coverage.

what are these guys doing? [ horn honks ] could you please not honk while this guy's telling me about his chevy volt? is that that new... is that the electric car? yeah. but it takes gas too. ask him how much he spends on gas. how much does he spend on gas? how much do you spend on gas? how much do i spend on gas? if i charge regularly, i fill up like once a month. he only has to fill up about once a month. [ woman ] wow. that's amazing.

s. looking in to the slight kim made in min, did you track her and see if she saw kris and what's the deal? >> i was following her every move the moment she got back to america. i was right there behind her in the bushes. here's the story with this trip. there was naturally a lot of speculation about this trip and kim kardashian going to see kris humphries. she is naturally conflicted, but no indication this will lead to a reconciliation. they arrived in minnesota early yesterday morning. paparazzi were there and outside kris's home. they met with the pastor who married them and photographers did see kim leave kris in the house. i think she announced the divorce and took off for australia while kris humphries said he department want to split

up. they need to have face-to-face conversations and will follow them around and do what i can to fill you in on what they are talking about. >> aj hammer azzi is your new name. snl had fun at her expense. >> this is the price you pay to live your life in front of the cameras. this is the fairy tale divorce that follows the fairy tale wedding. >> i got a divorce! >> fairy tale divorce. >> can you believe i'm old enough to have a daughter who is getting divorced? no, because my surgeries worked. >> a storybook ceremony of kim car dash nan. >> it's been really hard. all week we have been crying and crying and posing and crying. >> pretty funny.

some were saying they were mean to kris humphries. >> we will be back next hour and reports to jail to begin serving her 30-day sentence. apparently she is a free woman again. getting the scoop on justin bieber and the paternity suit. thank, aj. >> he is one of seven brothers and they all served in the military. there is a twist. not all of them wore the same colored uniform. our photojournalist has today's veterans in focus. >> they were united.

>> the memory of the day as a soldier in world war ii, all of us were seven brothers, seven soldiers five in the united states and two against us stranded in japan when the war came. all american citizens born here in the united states. world war ii i served and i was drafted. the basic trading with the language with the japanese language school. they were language specialists that translated and interpreted and interrogate the prisoners. often i drew cartoons to make people laugh. these cartoons are drawn about the soldiers in there. i landed in 1944 and our job was

to take care of the civilians of japanese and korean. this is my younger brothers in the japanese navy and he came to bomb the i land when i was serving there. i saw the plane and i didn't know it was interactive. christmas in 1994. what a waste. those brothers of mine, i think we just called to do the job. we did it. they were important to me because of what was accomplished.

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space, a women's only tent has been set up for people to sleep and work. it's secured 24-7. the new york marathon occupied much of the city yesterday. here's the men's winner right here. he smashed the old course record by nearly three minutes. a group of disabled veterans and survivors of traumatic brain injury are with the team founded by the first paraplegic to compete in the annual race. a different flavor of competition and the world's pimp kun chunker championship has been going on since the mid 80s as a way to get rid of the extra halloween pumpkins. rick perry has spoken about his religious values and held a prayer rally. he said he was called to run for president. his wife's take on their faith may surprise you. >> he probably is more spiritual

than people think because we tend to take that very privately. when i talk about my faith, i welcome very emotional. when i talk about my family, i welcome very emotional. it's not something that we blast out there. it's something that we tend to be more private about. he conducted the interview and wrote about her husband's faith for the belief blog. rick perry is using faith as a central part of his campaign strategy. what's the deal? thing from her and one thing from him. is it private or not? >> it's both and depends on where the perries are talking about. you will talk to audiences and they are very open with their faith. i talked to evangelical activist who is met with the perries and 200 christian leaders. they spent six or seven hours uk talking to them and taking

questions about their faith and how it influences policy. when it talks to secular audiences or broader general audienc audiences, they don't want to be branded. it's fascinating to see the message change. >> and they talked to you about this spiritual awakening. he was 27 years old. what exactly happened? >> perry grew up in this tiny isolated town in central texas. he enrolls in the air force and found the huge cargo planes around the world and he turns 27 and he's out of the air force and finds himself in this town where he grew up and has this crisis. he doesn't know what he wants to do and knows he doesn't want to be on the family farm. he describes it when talking to the christian audience as a spiralual crisis and he wrestles with god at this time.

it ends when he is called to ministry. he doesn't become a clergy person, but enters politics. he went to more of an evangelical-style church. that's right. it speaks to the life-long tension. he was raised in the traditional church, but there was this evangelical influence that was more about a personal connection with jesus. in his hometown, the baptist was really influential. when he was older, he is joining a church. finally a couple of minutes ago he switches from a methodist to an evangelical church and it says a lot. during this campaign, he will use it to connect with the

voters. >> i know we have to go, but i remember when i was working in texas and he was the agriculture commissioner and how not only wears his boots and is down to earth, but he's a godly man. i remember the people saying that about him and you have been digging deeper into the background. thanks so much. you can see the full interview with anita perry at cnn.com/belief. leave a comment for him. more than 2,000 comments have been posted. i'm sure far many more have read it. increasing breast cancer survival rates. early detection is key. with so many tests available. how do you know which is best for you in we will have the details, coming up. look, every day we're using more and more energy. the world needs more energy. where's it going to come from?

♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪

the american cancer society says that nearly a quarter million americans will get breast cancer this year and 40,000 of them will die. that's why catching the disease early is essential and there are a lot of tests out there that can help. senior medical correspondent elizabeth cohen is here. can you say which one is better or is it timing? >> it depends who you are. let's go through the list of tests that women need to get to catch breast cancer early. first of all, this one is a no-brainer. that is a breast exam by a professional, by your doctor or

nurse practitioner that's a manual exam. self-breast exam. some show there's no health benefit but a lot of women caught their lumps that way. that's a monthly exam. mammograms. that's one a lot of women are familiar with. the advice from the american cancer society is still after your 40th birthday get them once a year. here's one that some women will need and that's an mri. if you have a family history of breast cancer, then the american cancer society says go ahead and talk to your doctor about getting that one. and then also genetic testing. again, if you have a family history or if you have gotten breast cancer at an early age, it's a good idea to think about genetic testing not just for you but other women in your family so that you can start making some good decisions. >> i know a lot of moms that have done that. >> go to cnn.com/empoweredpatient we have more information about all of these different tests. >> great. thanks. let's take a look at stories making news later today.

two former penn state university officials will be in court later today. former nba star magic johnson talks about aids at 3:00 eastern in los angeles. johnson announced 20 years ago today that he was diagnosed with the disease. republican presidential hopeful herman cain appearing on abc's "jimmy kimball live." let's check in with zain verjee. >> hi there, kyra. remember the boeing 737 dreamliner that was really applauded when it finally took off? it had a landing gear glitch and its landing was not that dreamy. i'll tell you exactly what happened in just a few minutes, kyra. >> and i'm jason carroll at penn state where two university officials have resigned facing perjury charges. another former coach out on

$100,000 bail facing allegations of sexually abusing young boys. details of the sexual abuse scandal rocking penn state coming up. and i'm christine romans in new york. you thought greece was the word. how about italy? italy is the story everyone is talking about today. pressure to step down as the mounting debt and deficits of that country become the european problem. we'll have that story at the top of the hour. >> all right. thanks so much. also next hour, people in oklahoma still shaken up after a couple strong earthquakes over the weekend. we'll find out what's going on from our rob marciano. d back do. down the hill? man: all right. we were actually thinking, maybe... we're going to hike up here, so we'll catch up with you guys. [ indistinct talking and laughter ] whew! i think it's worth it. working with a partner you can trust is always a good decision.

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>> no one can slow down the super bowl champs. >> aaron rodgers looks unflappable. the question is could chargers keep up taking on the packers. phillip rivers also very good. was he good enough? not good enough to keep up with rodgers. in the final minute, chargers have a chance to tie it. rivers looking deep down the right side and gets picked off. he also had two interceptions returned for touchdowns. 45-38 the final. packers still undefeated. toughest test could be the giants in week 13 and speaking of the g-men.

playing the patriots for the first time since that classic super bowl xlii. another fantastic finish. less than two minutes to play. less than 20 seconds left and the touchdown. the giants do it again just like in the super bowl. 24-20. ravens and steelers, 16 seconds to go in the game. joe flacco to smith with the game winner. this is right after smith dropped the ball on a sure score. ravens win 23-20 tied with the bengals atop the afc north. tim tebow leading his broncos. came up with a win. second in three games as starter with the broncos. threw for two touchdowns and ran for over 100 yards. broncos have a losing record but they are just one game out of first in the afc west. another great sunday in pro football. >> i love how tebow kneels and i

just love it. you are seeing it even outside of sports. pretty cool kid. all right. thanks. this morning college sports faces one of its biggest scandals in decades. allegations of child molestation rocking penn state. an iconic football program built on integrity and honor. jason carroll has our lead story. >> reporter: he's a legend in the world of college football. for 23 years, jerry sandusky served as defensive coordinator for the penn state nittany lions. now he's out on bail and defending himself against charges he sexually abused young boys, one as young as 8 years old. two other penn state officials accused of covering up one of the alleged incidents resigned in the wake of the scandal. sandusky's lawyer says his client is innocent. >> jerry is very, very depressed. he's very upset. he's very distraught about the

charges, the allegations, and the knowledge that regardless of whether he's eventually proving his guilt or innocence, people are going to think that he did this stuff. >> pennsylvania's attorney general calls sandusky a "sexual predator." a 23-page grand jury report lays out in graphic detail how he allegedly targeted eight boys ranging in ages from 8 to 14. prosecutors say the boys were victimized between 1994 and 2009. in one case, a graduate student testified he discovered sandusky sexually abusing a boy estimated to be 10 years old in the shower of the penn state football building. the student reported it to penn state's head football coach, joe paterno, who in turn told his immediate supervisor. the athletic director, timothy curley and brought to the attention of gary schultz, a university senior vice president. prosecutors question why none of the men reported the incident to police, which is required under pennsylvania law.

both schultz and curley are charged with perjury for allegedly lying to the grand jury. the two men testified they were under the impression sandusky was "horsing around" with the boy in the shower. both men resigned late sunday. the board of trustees saying under no circumstances does the university tolerate behavior that would put children at risk. >> let me just say something about, you know, there is a big moral issue about the behavior of penn state here and the failure to act, but the legal issue is -- >> reporter: all of the alleged victims came into contact with sandusky through his charity, the second mile. >> it reaches out to serve young people throughout the state of pennsylvania. >> reporter: sandusky and his wife formed the second mile in 1977 to help troubled boys. he retired from coaching in

1999, but still had access to penn state's facilities. so popular he wrote an autobiography in 2001 called "touched, the gary sandusky story." jason, outside of the football circle, do you think that people nationwide understand how prominent these guys were in the community? >> reporter: you certainly get a sense of how prominent they are when you're here when you think of paterno, you look behind me, that statue, i don't know if you can see it behind me, that's a statue of paterno. he's been an institution in this community for decades. when you think of sandusky, same thing. people know this man not only for his record here at penn state, but for his organization second mile taking in young boys who are troubled and trying to turn their lives around.

i can even tell you just a little antidote here on the way over to this live shot location this morning, took a cab over. the cab driver has lived here for a good portion of his life. he called the attorney general's investigation a witch-hunt. that gives you a sense of just how dedicated some people here in this community are to these men who are accused. >> wow. jason carroll at penn state. thanks. just ahead, we'll go back to penn state and get the pulse of the campus. i'm going to talk to the editor in chief of the student newspaper, the daily collegian. looks like it could be another tense day on wall street as investors worry about the european debt crisis. greece's prime minister about to step down and italy's prime minister denying reports that he too is about to resign. on wall street the uncertainty is putting investors on edge. markets did open lower just over a half hour ago.

they have been mostly flat ever since. dow industrials up 29 points right now. christine romans taking a look at the impact on our investments and matthew chance is looking at the concerns that italy could be the next domino to fall. christine, what's new on wall street today? >> greece has been the concern for so many weeks now and now italy financial crisis brewing in italy. for months we've been talking about pigs, portugal, ireland, italy, greece and spain. you have the italian prime minister saying i'm not going to step down. there are people who don't have confidence in him to be able to get over the problems of more than $2.25 trillion of debt that that country has and the kind of painful medicine the country will have to take in order to survive through it. also the fact that it's so big, italy the third largest economy in the euro zone is almost too big to bail out. i talked to neil ferguson, noted

historian on financial matters and rise and fall of civilizations earlier and i said put this into perspective for us. how important are these two countries, greece and italy. this is what he said. >> greece is to europe what washington state is to the united states. italy is more like texas or california. this is a really big economy and it's one of the -- it's thought of one of the cause of the european union. >> that's why he says it's so important here what happens next politically in italy so that the euro zone can move forward and try to heal the sovereign debt crisis there. a couple things i want to tell you. we're talking about stocks, kyra. it's the bond markets we're watching very carefully and how much do countries have to pay to borrow money. italy has to pay interest of 6.68% to borrow money. the highest since a member of the euro. that shows investors demand pretty good return for the risk of investing there.

the u.s. is only about 2%. lots of people around the world who are still very willing to lend the u.s. money. it shows more confidence in the u.s. being able to pay money back. what about greece? 26%. that's unbelievable. that's the kind of levels that shows you the extent of the crisis around the world. kyra? >> all right. christine romans in new york. thanks. italy threatens to become the next epicenter of the debt crisis. its embattled leader denies rumors that's about to resign. matthew chance has the latest now on silvio berlusconi. >> reporter: the italian prime minister silvio berlusconi under renewed pressure today as his country's economic crisis sends tremors through the financial markets. at one point mr. berlusconi was forced to deny consistent rumors that he's poised to resign over his handling of the economy. italy has enormous public death and markets appear to have lost faith in berlusconi's ability to

push through much needed austerity measures. it's more than greece, spain, portugal and ireland put together. bailing out italy isn't an option and there's fears of an italian default that could bring down the entire euro zone. at the weekend in rome, tens of thousands of protesters marched through the center of the city to demand that berlusconi step aside and call fresh elections or allow a caretaker government to take over. the public lost patience with a leader who has been dogged by sex scandals and corruption charges. it's all reaching a head over the course of the next 24 hours or so as crunch budget vote on a budget on tuesday which will be a crucial test of prime minister berlusconi's fragile coalition. if he loses that, we could be looking at a new italian government very, very soon. kyra? >> matthew chance, thank you so much. the new 787 dreamliner

experienced a technical glitch at a japan airport. zain verjee in london. this is supposed to be -- are you with me? zain, are you with me? >> hi kyra. i hear the euro zone crisis on cnn international. let's talk about the 787 dreamliner hit by a landing glitch. what this is really the first technical glitch that happened since it launched a couple weeks ago. what essentially happened is a light came on and they had to deploy landing gear using manual backup systems. boeing is investigating the problem. the dreamliner when it first took off was such a big deal. it was three years delayed in the making. billions of dollars to get it off the ground. it's a very nice light weight aircraft experts say that really does save fuel. the bigger issue has also been

the issue of landing. there was the boeing 767 that landed on its belly in warsaw after its landing gear failed to deploy in poland. there were 230 people on the plane. they were okay fortunately but it does raise a lot of questions. many industry analysts say that was a pretty rare thing to have happened. i know you just have your own private jet so you don't have too much to worry about. >> you're such a smart aleck. can you hear me now or are you listening to the debt greek crisis? >> okay. you can see by that she still can't hear me. just so our viewers know, zain is monitoring so much out of london. listening to greece and story on the 787. multitasking at its best. we're talking about the sex abuse scandal shaking up the campus of penn state university. a former assistant football coach is arrested and it's rocking the students and alumni alike.

we'll talk to the editor of the student newspaper next. britain's will and kate planning a big move to new digs but fixer upper is not going to come cheaply. a live report on that from london right after the break. really, head & shoulders is for more than dandruff? yeah, it does seven great things like giving me a healthy scalp and great looking hair. you should make that eight things. dude, why don't you just use the stuff? [ male announcer ] head & shoulders: seven benefits. every bottle. for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace."

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protesters began marching down the street. in connecticut more than 100,000 homes and businesses without power after last weekend's snowstorm. the governor has sent national guard troops to help utility crews now. he's also asked the state attorney general to investigate what he calls the inadequate response by the state's largest power company. former heavy weight champion joe frazier fighting for his life now. the 67-year-old boxing legend has liver cancer. he's in hospice in philadelphia. now this hour's lead story. the child molestation scandal that is rocking penn state. the legendary football program is reeling from allegations that a former icon preyed on children and that two of his superiors actually covered up the crimes. this happened in an athletic department built on the creedo success with honor. we have the editor of the student run newspaper there. what's the mood on campus today?

what have students been telling you? >> good morning. thank you for having me. you know, this whole thing has been bizarre. no one was expecting it. i think overall the mood on campus right now, everyone is just in a state of disbelief and shock. >> we talked about, you know, all of the focus on the coaches and the athletic program. now you're telling me that there's actually calls on facebook and other online petitions calls for the president to step down. >> absolutely. you know, i think the thing about penn state is everyone really prides -- everyone really prides themselves on integrity of the university and everybody affiliated with the university and so i think the call right now is really just for justice to be served and whatever that should happen to mean, that's kind of what people are looking for right now. at least that seems to be what we've been getting from people. >> from a student's perspective, just explain to our viewers who

may not understand how big penn state football is and how legendary these coaches and these guys are, i mean, you know, this is -- would you say it's a unique or a protected club of men? how would you describe it? >> the football program arguably could be called penn state. the terms might be interchangeable. you know, we have students that are so committed to our program they will camp out in front of the stadium for a week before the games to actually get the best seat in the house. you know, i really do believe that all of the alumni, all of the students here, everyone involved with penn state, you know they really do rally around the football program. >> you've mentioned the alumni. they are so embarrassed they are taking their diplomas off their walls. what angles are you looking at

and how will you investigate this there on campus? >> absolutely. you know, it's really exciting because we have outlets like cnn and every outlet that you could imagine on campus right now. at the end of the day it's just a matter of inspiring all of our reporters and staff members to remember that we have a newsroom. we're here. we've been here. you know, i think it's really exciting right now. we have a lot of student contacts. we have a lot of people that are really well connected to our football program. for us it's about telling the story in the most fair and accurate way and so it's really an exciting time to be a student journalist at penn state. >> i can just imagine. we'll be looking to your paper to see what you are able to unravel. thank you so much for your time. >> absolutely. thank you. kate middleton is already the subject of pregnancy rumors. we'll get the latest on the royals and this moment. there's actually more to this. we'll explain after the break. bank fees becoming a way of life these days but americans

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who would imagine that a palace has an apartment and not only that but an apartment that needs a million bucks in upgrades. max foster has the scoop on will and kate's new digs. very much different from the apartment we used to have as we were first getting on with our lives in our 20s, max. >> we didn't have 20 rooms and various gardens. >> we did not. >> that's what they are getting ready for. princess margaret used to live

in kensington palace and they are taking over that apartment. it needs new pipe work and plumbing. last updated in the '60s. they already have a smaller place in kensington palace and prince harry is going to take that over. they're going to start doing it up over the next year. they'll be in there 2013 we're told. >> why so long? why 2013? >> the work. it needs to be completely renovated. it will be expensive. i'm sure catherine will want to be involved. she's artistic. >> i didn't realize this video of will and kate. you were there. this is when they were talking about sending food overseas to eastern africa. other people read into the fact that kate passed on the peanut butter for another reason here. >> we missed the scoop.

we're talking about famine in africa. everyone else is talking about this moment. this is peen yut paste which is given to malnourish children in china. the princess tried it but duchess didn't try it. suggesting about passing an allergy to an unborn child. this is the basis of the pregnancy rumors right now. there's nothing more in it from that from what i can tell. >> maybe she won't hungry. >> doesn't like peanuts. doesn't like paste. >> thanks. >> herman cain lashes out at reporters yet again but do voters want to hear cain talk about ethics right now? we'll hear what our political buzz panel thinks after the break. [ male announcer ] our nation's veterans are real-life heroes.

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call this toll-free number now. turmoil in europe has been wrecking havoc on the markets and we expected a big drop today but stocks aren't looking too bad. >> so what you're seeing is pretty much investors just sitting on the fence. traders don't know what to make of europe anymore. there are rumors to filter out. first talk that prime minister silvio berlusconi is stepping down. then he denies it is putting it on facebook it's not true. others growing worried that issues in europe could drag on the markets for a while. what do you get? you get stocks in a holding pattern. the dow is flat. nasdaq and s&p 500 the same. kyra? >> this movement that happened over the weekend. people just fed up with bank fees and they just decided to

quit and move on. how did it go? >> that's right. they are fed up and they can't take it anymore. it's hard to say numberswise how the weekend did. how this issue got started is interesting. this came apart over the anger with new fees leading to bank transfer day announced on the same day in december when bank of america said it was going to charge that $5 debit fee on purchases. what wound up happening is debit card fees were canceled but there are other fees in place. one customer in san francisco says it goes beyond that. it's about changing the culture at big banks. >> who want large corporate institutions to hear that and to change their policies to stop paying themselves very large bonuses and to act like small community banks that reinvest in their own local neighborhoods. >> this movement has been really gaining steam because if you look at how october did, at least with 650,000 people joining credit unions in

october. that's more than credit unions rang up in all of 2010. we'll see if this continues to grow and grow and in the next few weeks we'll get numbers from over the weekend to see how successful this movement was. kyra? >> all right. thanks. let's check our top story now. jerry sandusky says that he's innocent of child sexual abuse charges. two penn state officials accused of perjury in the case have now stepped down. jurors in the conrad murray trial begin their second day of deliberations next hour. if convicted in michael jackson's death, he faces four years in prison and losing his medical license. the president plans to talk about tax credits and jobs bills at noon today and efforts to get veterans back to work. time for political buzz a look at the best political topics of the day. three questions. 30 seconds on the clock. playing today is cnn contributor will cane and maria cardona and

comedian pete dominick. first question, herman cain this weekend lashing out at reporters. take a listen. >> mr. cain, the attorney for one of the women that filed sexual harassment complaint against you -- >> don't even go there. >> can i ask my question? >> no. where's my chief of staff. please send him the journalist code of ethics. >> all right. do voters want to hear herman cain talk about ethics right now? >> that assumes that herman cain doesn't have a position t talk or journalistic ethics. one thing voters want to hear regarding this story that does not go away is details. until we get some details, this story is in a cycle.

>> maria? >> i don't think voters want to hear him talk about ethics until we get the details. the problem here is that herman cain has details and he could easily put this behind him. the problem with burying your head in the sand with not just one or two but now possibly three sexual harassment allegations there is something there. there wouldn't be just one but two settlements for thousands of dollars on behalf of the national restaurant association. get the truth out there herman cain and then voters may want to hear what you have to say. >> pete? >> bad news. a fourth woman has come on and accused. as will said we don't have details. we don't know specifics. voters don't care about herman cain's ethics or anybody else's. people think congress with 9% approval for a reason. they don't have a lot of ethics. herman cain is talking about

journalistic code of ethics. nowhere does it say you should never ask a question that might have an uncomfortable answer. these questions are out there. he needs to answer them and he's making a lot of money off this. why stop now? >> pete dominick just brought to light the latest with the fourth accuser. a quick one liner here. california defense attorney gloria allred says this woman is actually going to come forward at some point today. possibly hold a news conference so we're following it, guys. all right. there we go. all right. question number two. here we go. in a debate over the weekend, herman cain suggested that newt gingrich might make a good vice president. take a listen. >> if you were vice president of the united states, what would

you want the president to assign you to do first? >> what do you think? looked like a winning ticket? maria? >> if it was maybe "dancing with the stars" or perhaps they would make a great couple that could win on the amazing race, maybe. in terms of president and vp, i don't think so. especially in a process where you're going to have the most religious conservative voters making the choice of who is going to be the person who is nominated. i think they are going to want at least one person without a sexual harassment allegation or four against them and someone who is not a cheater and changes wives more often than they change their minds. >> i don't know if it's a winning ticket. it looks like a winning strategy for newt gingrich. as herman cain ship is lifting a

bit and the gingrich ship pulls up asking people to jump to his boat. those people have been jumping around and newt gingrich is in a prime position to benefit from this and by being herman cain's supporter, he could be that guy. >> pete? >> kyra, i look at these two candidates running for president and i really don't believe they're actually running for president. it's my opinion that both these guys are running to make money and to raise their speaking fees and sell their books and to get more exposure. spending money now to make money later. mark my words, august 2012, if either of these guys are still in the running, i will donate $500 to the charity of kyra phillips' choice. >> really? all right. august 2012. >> also. i need to ask if i can borrow $450. >> tell you right now, it will be for brain tumor foundation for children in atlanta.

i'm holding it to you, pal. buzzer beater. 20 seconds each. bill clinton's new book says that the u.s. looks "weak and confused." what re-election advice should the former president give president obama behind closed doors? will? >> bill clinton won re-election in an economy that was improving, prosperity growing and budget deficit cut in half. i don't know that he has any advice for a president that pretty much is the opposite on all those things. i think that bill clinton is kind of shooting from the hip like the rest of us for president obama here. >> maria? >> i think what he should be telling president obama and i think he actually has said this to him is to continue with the plan that he has put out because guess what? it's bill clinton's plan. bill clinton's plan was to cut taxes for middle class and workers and make the rich pay their fair share. you know what? we had the greatest economic expansion in a generation. 22 million new jobs. that's what president obama's plan should be doing and republicans should help him do that. >> okay.

pete? >> weak and confused. i got to say. that cuts it personal to me. those are words often times used to describe me, kyra. possibly talking about foreign policy. president obama has whacked more terrorist thugs than clinton ever thought of trying to do. on economic policy maybe don't take so much money from wall street but he probably will. we'll watch and find out. i need more context on that weak and confused. >> more context. i just decided i might turn this into a whole charity fund-raiser segment at the end of the show. pete has me all excited now. all right. you guys think about what you want to donate. we'll talk again. all right. thanks, guys. u.n. nuclear's watchdog is about to issue a report on iran with more serious accusations than ever before. several diplomats tell cnn that iaea will lay out charges that iran's nuclear program is geared toward military use.

barbara starr is at the pentagon. the white house has downplayed speculation of attack on iran. israeli leaders keep talking about. what are military challenges here as we talk about israel attacking iran? >> you know, that's the thing, kyra. you look at the map and you see israel and you see why the israeli military obviously so concerned about it and why all this rhetoric coming from israel. if israel were to attack iran and the u.s. hopes it doesn't, what would challenges be and what would a military attack look like? that tells you the picture. israelis have some missiles that could reach into iran surface to surface missiles but israelis like that manned aircraft option. they like to put pilots in the air in fighter jets and that's a problem because of course immediately you see they have to be able to cross arab airspace. they won't get permission for that so they will have to cross that airspace and hope not to be

noticed. once you continue to look at the map, once they cross into iranian airspace, they have to deal with iranian air defense and iranian surface to air missiles that could shoot them down, radar systems that could detect their moves. this becomes very challenging because the pilots are going to have to get past that, get into iran, find their targets, drop their bombs, and get out of iranian airspace and back into friendly territory before anybody can attack them. that is going to be very challenging if it were to come to this. justin bieber says he'll take the test but once he proves he's not the father, he's got a suit of his own he's planning to file. ttd#: 1-800-345-2550 at charles schwab, what every trader gets is customized to

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as we just told you, defense attorney glory allred says a woman who allegation that herman

cain sexually harassed her plans to come forward later today. allred said she and the women will hold a press conference in new york. we'll cover it live so you can see it here on cnn. the sentence was 30 days but just hours after lindsay lohan reported to jail, she was released. a.j. hammer with all details. the time behind bars didn't even amount to a full day's work. >> once again you have to wonder if this makes her think she can get away with anything. she checked into the century regional detention center just before 9:00 last night. she was seen by the paparazzi leaving the jail around 1:30 in the morning. that's a grand total of less than five hours in the jailhouse. she was let out as expected because of jail overcrowding in los angeles. lohan still does have to work at least 12 days a month at the county morgue until she completes the 53 remaining days of court ordered community service and attend 18

psychotherapy sessions and the judge made it perfectly clear if she violates these terms she's going to face 270 days in jail. of course it's anyone's guess as to just how long that would actually amount to. justin bieber trying to clean up a mess of his own today. new details about this paternity suit that surfaced last week. from the start, bieber and his people have denied that he fathered a baby boy with a fan and promise to vigorously pursue all available legal remedies to prove it. a dna test would be the next step in providing that proof. and bieber will take that test. he was in belfast over the weekend at the european music award hosted by his girlfriend, salina gomez, and the two were photographed together on heels of rumors she had broken things off in the wake of this story. those rumors are unfounded. as to the woman who says she

gave birth to bieber's baby boy says that the baby looks like the pop star and she has evidence of their encounter together. we'll see how it all plays out when bieber returns to the country. i'm surprised he's doing the paternity test, kyra. >> interesting to see how this turns out. we'll follow it for sure. thanks. if you want information on everything breaking in the entertainment world, a.j. has it every night on hln at 11:00 p.m. eastern time. people in oklahoma shaken up after a couple strong earthquakes over the weekend. we'll find out what's going on from our rob marciano. progresso. it fits! fantastic! [ man ] pro-gresso they fit! okay-y... okay??? i've been eating progresso and now my favorite old jeans...fit.

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oklahoma is known for tornadoes and not earthquakes. over the weekend a new ball game. two big quakes struck within a 24-hour period. rob marciano, what's going on? >> they had smaller earthquakes last year. that was from a different area of the state. we want to talk about weather extremes they've had this past year. 2011 has been a doozy. 12 homes damaged in lincoln county. most pictures are near the town of sparks. here it is on the map. oklahoma city in through this year. most smaller earthquakes that have developed across oklahoma have been around this fault. this quake is up in here through the wilzetta fault. have not had many earthquakes

around this fault as of late. these were all aftershocks are happening. we've had a couple dozen of those thus far. rare event. when you get an earthquake east of the rockies, basically in the middle of a plate, they travel for more miles. they are felt further away. this one was felt from st. louis back through dallas and damage can exist up to 25 miles away. i will leave you with this. this is the norman oklahoma radar before the earthquake. and it has such a high resolution it can pick up birds and bugs. this is what birds and bugs did right before or during the earthquake. they all took off and radar picked that up. interesting things out of oklahoma and scary things. aftershocks will probably go on for several months. >> we'll track it. thanks, rob. the son of civil rights leader and u.n. ambassador andrew young is following in his father's footsteps with efforts to change the world.

he's just doing it a little differently. [ umpire ] strike 3. you're out!

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[ jake ] uh... khakis. she sounds hideous. well she's a guy, so... [ male announcer ] another reason more people stay with state farm. get to a better state. ♪ andrew young iii is quite a legacy attached to his name. son of civil rights leader and former congressman and u.n. ambassador andrew young. he's also doing his part to change the world. cnn's soledad o'brien shows us exactly what he's doing. >> reporter: eight months ago

l latoya reed was struggling to get by. >> i was facing eviction. i didn't know where the money was coming from. >> reporter: the single mother of three went online to find kindness and found givelocally.net. >> technology is the way to take the biggest dent out of poverty. >> reporter: which is the driving force for founder brad newman and ceo andrew young iii. the son the of famed civil rights leader, former congressman and u.n. ambassador of the same name. >> here i am able to explore my entrepreneurial dreams and at the same time live up to my family expectations of giving back. >> reporter: the site posts profiles of those in need that allows donors to select a recipient and an amount. >> we prescreen and vouch for every single family and individual that we put on our site. >> we never give cash. we write checks to landlords, to doctors, to utilities. >> reporter: how do you make money?

>> we take 18 cents of every dollar distributed but neither bo nor i or single management take pay. >> reporter: do they give you push back on that? >> almost never. we don't have government money. we don't have grant money from foundations. our product is helping people. we are a startup. not a charity. >> reporter: does it feel like you're changing the world in this capacity? >> i feel like we're doing our small part. we think we have the opportunity to change lives across the country by the thousands or even tens of thousands but i'm not going to be so optimistic to think that this process could just eradicate poverty. >> i didn't hear anybody say grace. >> reporter: latoya reed is prove of that impact. >> i didn't know there were so many giving people out there.

even $5 helps. it goes a long way. >> reporter: reporting for in america, soledad o'brien, cnn, atlanta. >> for more on soledad o'brien's special, tune in to black in america special, the new promise land silicon valley coming up sunday night at 8:00 p.m. eastern time. let's check stories making news later today. two former penn state university officials in court at 2:00 eastern. they are accused of lying to a grand jury investigating sexual child abuse accusations against a former coach at the university. former nba star magic johnson talking to news media about aids at 3:00 eastern and republican presidential hopeful herman cain appears on "jimmy kimball live." and the jurors in the conrad murray trial deliberate for the second day. a verdict could come at any minute. we're live in los angeles. me. wait, what?

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we are one year away from election day and there's some numbers on president obama's mind. first, unemployment. now at 9%. and his approval rating. cnn poll of polls says that 45% approve of the way the president is handling his job. 51% disapprove. cnn's candy crowley reports, republican voters are far from united on a challenger.

>> i believe in america. i'm running for president. >> reporter: even before his june announcement, mitt romney was weak front-runner. still is. technically speaking in the polls, romney isn't always first. he's often run second to different people with one thing in common. no staying power. >> you have just sent a message that barack obama will be a one-term president. >> reporter: congresswoman michele bachmann was the summer rage but the day she won the iowa straw poll in august, she began to loose her foot hole. >> times it takes me a while to get into something like this presidential race. but let me tell you, when i'm in, i'm in all the way. >> reporter: rick perry is what many republican americans think romney is not. a fiscal conservativconservativ. perry was a front runner but

debates are not his forte. >> was it before he was before the social programs from the standpoint of he was far standing up for roe versus wade before he was against roe versus wade. >> perry dropped like a stone giving way to the next not mitt romney. >> bottom line folks, 9-9-9 means jobs, jobs, jobs. >> reporter: conservative, likable, breezy, different. businessman herman cain caught fire with his 9-9-9 tax plan and then -- >> are you concerned about the fact that these women -- >> what did i say? excuse me. excuse me. >> reporter: it's yet to be shown that cain will suffer the downward spiral syndrome of bachmann and perry before him but some politicos aren't waiting. even when his closest republican

competitor is imploding, romney doesn't rocket to first but drifts up and not much more than a quarter of a percentage. and there's talk that at this point, rudy giuliani was leading the field. that's why there are many still in the race. >> if you build it, they will come. >> reporter: rick santorum meeting voters in all of iowa's 99 counties. ron paul, a straw poll favorite, was arguably the most passionate face and money to go some distance. former speaker newt gingrich gaining steam recently to push him into double digits and huntsman betting it all in new hampshire. >> this is a state where conventional wisdom is always upended. >> reporter: the weak front runner has played it like a mortal lock. >> the greatest threat to my success