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time for reporter roulette, we begin with jason carroll in university park, pennsylvania, with the joe paterno story. >> reporter: and don, an opportunity to speak to some of the players from the football team earlier this afternoon they told me they feel joe paterno made the right decision for the team, himself personally, also feel, don, he made the right decision for the university, have but having said that they are very sanded by the fact this man they looked up to for so many years to to retire in this type of way. why don't you listen to what they had to say about that. >> i think that in his heat, he

thinks he made the right decision and he has been doing his thing for so many years and we are not going to question any decision he makes. we have been behind him the whole time and he is doing what he believes is best for the program, for us, his staff and penn state. so, we are just really happy that he is just doing what he believes is right in his heart and we are going to support them. >> i think as long as he has been here, he hasn't really made a wrong decision. he know what is he is doing. he has been doing it so long and he think it is best for the program, chances are it is going to be the best thing for the program. >> for joe paterno's part, he does have some regret, part of his statement said this is a tragedy you one of the great sorrows of my life. with the benefit of hindsight, i wish i had done more. so obviously, some regret on the part of the man who was considered a legendary football coach here at penn state. don? >> thank you very much. next on reporter roulette, alison kosik at the new york stock exchange, stocks are plunging. this selloff has picked up steam

in the last hour. what happened? >> yeah, we saw the selling really accelerate after a report came out, don that euro zone officials said they have no plans for a financial rescue for italy, basically saying financial assistance for italy not in the cards because the thinking is that italy is just too big to bail out. a good part of it is also this bailout fatigue that's really set in on the part of germany and france, which have essentially underwritten the bailout for greece and other countries that may come along as well. italy has huge issues it is sitting on $2.5 trillion of debt. the way the market sees this is a huge worry because where does this leave italy if there is no financial assistance? you are seeing that worry play out in the numbers, dow plunging 385 points now, the vix, the fear index, it measures that volatility that fear that investors have right now, that is spiking 30%. don? >> and alison, berlusconi said

woe step down, the market rallied. why suspect that happening now? >> you know what it is, it is reality setting in at this point. there is a sense the resignation will wind up opening up a set of new problems and this realization that the problems in yurng the debt problems, aren't going away any time soon, you see italy carrying a debt load six times bigger than greece, that's just huge at this point and it is very overwhelming to any investor this would directly affect u.s. because europe is one of our biggest trading partners. we could wind up losing that buying power from over in europe if -- if we do see a recession that could be be more than mild happen in europe. don? >> alison kosik, thank you. next on reporter roulette, becky anderson is in rome covering the

silvio berlusconi resignation. what is the latest, becky? >> reporter: we have heard from the president in the past couple of hours, these austerity measures in the bill sort of hanging around in particle the, will actually get pushed through the senate this weekend, back to the lower chamber and homely signed off on and that is when the prime minister says he will resign. so the president tonight has told us to expect the resignation of silvio berlusconi by the beginning of next week, and that should, should have helped the marketsle calm down a little bit, don, because we were looking at this sort of vacuum of possibly a month before we sought back end of silvio berlusconi, now that window is closing. the problem is this we still don't know what will happen after that. will there be a general election, which is actually what berlusconi and his party want? that wouldn't happen until february. or would we see a coalition government ordered by the president here? a coalition government or indeed, a government of

technocrates. now if that were the case, there is a very strong candidate in place here. he has just been made a senator for life today, by the president. doesn't mean he will become prime minister, but a man by the name of mario monty, very well represented, not just in italy but throughout europe. he has been a commissioner at the european union for some time. he was recently charged with with reare writing the rules for a potential federal europe going forward. he is, as i say, very well respected. keep an eye out for him, mario monty if there is a government of technocrates that is who i think would lead t meantime, these borough costs have gone through the roof, as alison pointed out, the debt here is absolutely huge, $275 trillion. let me give you a sense of the size, that is the size of the greg, pore chew goes and spanish debt problems combined. six times, as alison said, the size of the greek debt pile there is a real problem here. tonight, we have seen the bill. it is full of very good austerity measures is it going

to work? who knows at this point. >> the whole phone hacking scandal in the uk start wend prince william noticed his phone was hacked. that is being investigated. but we understand from these allegations, private investigator, as soon as that phone hacking stopped they can started traditional surveillance, spying on public figures, prince william amongst them. let's hear from that private investigator, in his own words. >> prince william came out with kate followed by the royal protection vehicle. i followed the royal protection vehicle, knowing full well they were in front and they ended up at dutchy farm. the royal protection then peeled off and i followed the royal protection around, knowing full

well they would go back there and watch them and then go for lunch, et cetera, et cetera. >> there you are. comments from a private investigator hired by the news of the world, controlled by the murdoch family news circle corporation. don, not good for them. >> the response from the murdoch camp so far? any? >> so far they saying -- the news of the world has been closed down, which is true, so no comment from them but crucially, james murdoch, the executive in charge of news of the world is appearing here in london in front of parliamentary committee tomorrow, it was always going to be very thorny exchange, but now, it is going to be real -- a real -- really -- real grilling are, don, you know the shareholders of news corporation are unhappy with james murdoch in this position,le he will be put under even more scrutiny right now. >> thank you very much, max foster. next on reporter roulette, parents are ordering lollypops infected with chicken pox in an attempt to keep their kids from having the ching pox vaccine?

senior medical correspondent elizabeth cohen is here. really? >> really t is crazy, it is dangerous and it is bizarre. so, what's happening is that parents were going on facebook and we are saying, hey, i want to give my kid chicken pox, i want them to get infected naturally instead of through the vaccine. let me give you an example of snag appeared facebook. someone wrote, fresh batch of pox in nashville, tennessee, shipping of sungers, split and q tips available tomorrow, $50 via paypal. the theory a sick kid would lick a lollipop, put it in the mail. these are anti-vaccine parents. >> getting the chicken pox safer than the vaccine? >> no that what is so inexplicable here, chicken pox kills, doesn't kill many people, before the vaccine, kids would die every year of chicken pox, whereas the vaccine is safe. the side effects are pretty minor.

i don't know why want you your kid of the vaccine, the disease sun comfortable. >> this legal? >> the it is not legal. the u.s. attorney in tennessee, one of the places this is happening, they came out saying itth is illegal to send the virus through the u.s. mail, illegal in so many ways but that's one of them. >> can you get the disease if you have a sucker like that, can you actually get the disease from sharing a lollipop or a piece of candy you suck on? >> the part if it weren't so sad it would be funny, we are told by experts, probably not the way you get through chicken pox is droplets, someone sneezes or coughs near you. the facebook sites are no longer up because probably because they realized it was illegal. >> for good reason. appreciate t that is today's reporter roulette. i'm going to talk to don mcpherson, a college football hall of fame and social activist. he knew and respected jerry sandusky, the penn state coach accused of raping boys.

hear what he has to say about their time together that is coming u what do michele bachmann and herman cain have in common? might not be what you think. "dancing with the stars" minus one of our own, nancy grace. how did she take it? tell me this, how do you steal a mink coat and stash it in your underwear during your get away in the story only gets more unbelievable. that's good morning, veggie style. hmmm [ male announcer ] for half the calories -- plus veggie nutrition. could've had a v8.

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no nonsense. just people sense. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. if it's interesting and happening now, you're about to see it rapid fire. let's go this is just into cnn, the university of north carolina locked down right now, talking about campbell university and the boys creek campus. authorities in a standoff with a

student. this is video in a few minutes ago from the campus. we aren't showing live pictures because this is a police standoff. again this is video, not live pictures this is a police standoff. the student is in a home owned by the university. deputies were trying to serve papers to an unidentified student when he barricaded himself inside a private home located on campus. the university right now asking all students, faculty, staff to stay in class or in residence halls until the situation is resolved. we will keep you updated. the resignation of greece's prime minister did not happen as expected. george papandreou was on greek tv and expected to deliver a farewell speech. he did announce an interim government was formed but did not name his successor. the motion picture academy is scrambling to behind fined a host and producer for next year's oscar telecast. eddie murphy has now dropped out of his host gig this comes less than 24 hours after departure of the show's producer, brett

ratner. ratner, who directed murphy in "tower heist" used an anti-gay slur in a q & a session and he apologized to anyone he offended. well, you know her, you love her, you know is nancy grace from hln, she is going home, sadly from "dancing with the stars," she was voted off just one week before the show's semifinals. the host at our sister network hln had this to say about it. >> i will see you on the air. >> there you go short and sweet with. and get that woman steals a fur coat by stuffing it in her underwear. this surveillance video shows her stealing the mink coat, worth over six grand. look at that. >> she had modified her underwear and she had had it, i think, just basically stuffed down in the front of it.

>> police questioned her just a few days later she eventually confessed by pullinging the coat out of her underwear. again, she has just been sentenced to two years in jail, by the way, tell you that. penn state head football coach joe paterno is retiring at the end of the season in the wake of a child rape scandal involving former assistant coach. i'm talking to a college hall of favor who knows the accused, jerry sandusky. also have a wave, a huge wave to show, in fact, so big, a surfer broke a world record when he hopped on it. n. it's good. honey, i love you... oh my gosh, oh my gosh.. look at these big pieces of potato. ♪ what's that? big piece of potato. [ male announcer ] progresso. you gotta taste this soup. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs.

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but right now the fcc and fema are collecting data and they are trying to figure out how this went. but we know that it didn't work exactly as was anticipated. and fema had said ahead of time that it needed to be tested so that they could see what needed to be fixed. but at 2 p.m. this emergency alert was supposed to go out featuring a live presidential alert code. this is actually something that the president would be able to use in the event of a crisis. and this was done at the behest of president obama. the idea here is within just ten minutes of notice, the president would be able to address the nation from anywhere that he was and it was supposed to go out on all tv, cable, television, all am/fm satellite radio stations and it didn't exactly work so, fema releasing a statement just a short time ago, don, saying this only through comprehensively testing, analyzing and improving these technologies can we ensure an effective and reliable national emergency alert and warning

system so presumably, don they go back, they figure out what didn't work and they fix t that will be the idea. >> luckily, it was just a test this time. thank you very much brianna cooler. appreciate it. our big story today, joe paterno stepping down as head football coach at penn state and stepping down under a cloud of scandal. as we said, he is not just an ordinary joe, he is the winningest football coach in big-time college history. once upon a time, named sportsman of the year by the imminent publication, sports illustrate. joe paterno we all know now, was made aware as far back as 2002 about a reported sexual act between a former long-time assistant, jerry sandusky, and a boy about the age of 10. it reportedly happened in the shower at penn state at the athletic facility there, to which the former assistant still had access. now, at least seven other boys may have had illicit contact with coach jerry sandusky. joining me from new york,

college football hall of fame terror is don mcpherson. don, thank you so much for joining us. we appreciate you taking the time. don also played in the nfl and is a student of sports in society. i want to read a quote now, don, from maureen dowd, she was writing this in the "new york times." she says, "like the roman catholic church, penn state is an arrogant institution hiding behind its mystique." so don, when you see these students and penn state reporters rallying behind joe paterno, do you see something that is wrong there? >> i don't think something that is wrong there other than the fact these students are look agent their lives a snapshot like today. unlike the roman catholic church, joe paterno has his faith because of the fans, the people around him, because he is an icon and something that we all look to for diversion. we all can go as fans and go enjoy the game of football and joe paterno holds a very special place at a program that also is very special in the way that's maintained, its sense of

integrity and reputation over the years. >> there was an incident reported as far back as 1998 and 1999, one in 2002 and others, the athletic director knew, penn state reportedly generate $70 mall year. is that enough money to cover something like this? no there is no amount of money to do something like that? >> there isn't. the tragic thing about the conversation we are having, even right now, you have these young men whose lives are irrep probably damaged by the behavior of jerry sandusky and we are talk an 84-year-old football coach. the money is jermaine because there thank is the within reason there was a coverup, the reason there were steps taken by senior members of the administration to maintain the integrity, preassumed integrity of this program. >> let's talk about joe pattern know house, he has fashioned himself as a leader of men, or kids, he's calls them. how could have -- how could have missed it? do you think he missed it? i don't know.

how could he have not gone to the police about this situation, especially when you have someone saying i saw him having what looked like what was sex in the shower with a boy who looked to be 10 years old? >> don, i think that is the piece of this that is going to have even the faithful in state college, pennsylvania, around the state of pennsylvania college football quite frankly scratching their heads. joe paterno has maintained this level, very, very high integrity of his program and to have this incident happen so many years ago and not even go out and find out what -- hot kid was, not even go out and confront jerry sandusky, a man whom he spent most of his life with in the last 30 years, as a player and coach alongside irk not confront that entire situation and maintain the presence that jerry sandusky, this coach emeritus on his campus, in his pro, think is something that is going to tarnish what a lot of people think is a great career of joe pattern know, tarnish that forever. >> this goes beyond football. >> without question.

>> in some way, you know it goes beyond penn state. because some people, as you can see if you read what the prosecutors allege, some people bury their naeltsd sand, obviously they did it on purpose. even with someone like jerry sandusky that sort of statue, you shouldn't do that. what it says, very early on, is that someone should have called police. that's what prosecutor said, very early on in the allegation, someone should have called police and called them immediately. >> don, i have been spending time the last 18 years doing work around sexual and domestic violence and bystander behavior around it i served or on a child sexual abuse allegation called stop it now. what i learned in that time is how prevalent this problem is and how will lil we know about how to deal with it and respond to it think if you go back and read indictment, read the grand jury report on this it's hard to get through. it's really hard to get through, trying to understand that this would go on in this had environment, not some sleazy

place in some back room but here at the pinnacle of what we think is higher education and integrity in sports and all those things we think the altruism of this setting to and think that that went on there is very shocking to the system. and that's why i'm always talking about a proactive conversation because now it is very difficult to wrap your brains around. >> we have to run. what is your organization again? >> my -- i'm an independent social justice educator and advocate but the organization that worked with is called stop it now. >> there is a good organization called one in six.org as well. >> correct and also dark tons light. there is is a lot of people out there doing work around these issues. >> don mcpherson, thank you. >> my pleasure. tonight's gop debate put the spotlight on the hard-hit state of michigan and i'm talking to the michigan governor who deserves the credit for the turn around in the auto industry? i will ask him that coming up. you'll hear it.

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it's true. you never forget your first subaru. interesting to see how republican candidates respond to the auto industry becameout. joining us live from auburn hills outside of detroit is the michigan governor. so thank you for being here. but first off, i have to ask you, did the bailout save the detroit auto industry?

>>. >> the bailout was something that really worked. if you look at the result of the companies. the real focus has to be on how well things are going today. the auto industry is making a strong come back and the question going back to the auto bailout is what lessons did we learn and make sure we don't do them again. >> it is an odd position to be in when sell people say they wouldn't bail out auto industry are. >> in many respect, i think the bailout is being overblown in our state in terms of -- as a key topic in this debate. because if you look at it we have gone through difficult times the last decade and we are making a strong come back, very exciting. receipt invention of michigan is going on. our citizens, while they look back, we have all learned in state, don't spend life looking into the rearview mirror, let's talk about the future.

if anything, i hope tonight when the topics come up, our candidates will talk about what we need to do to create jobs tomorrow, the next day the day after, the next year. we should be talking about innovation, entrepreneurship in our state and great opportunities. inhope it doesn't get bogged down in the past, let's talk about the presence sent and the future. talk about what results will happen in the future. >> interesting to me you feel it is being overblown. without the auto industry, don't you think unemployment would be much worse in your state and digging yourself out of a much deeper hole and you may not be here, at least that is what the obama administration is saying. you may not be here talking about how your state is recould have -- recould have federal government n-- recovering if no for the bailout? >> it wasn't about one company going into republican cbankrupt. the important thing is it didn't collapse. how that was done it worked

there might have been other ways that could have worked. again, yet is are there variations to look at that that could be had helpful for the future but it has made a strong come back, i am very proud of the auto industry in michigan, i root for him a lot, continuing to diversify at the same time, we have so many good things going on, auto industry, agriculture and high-tech industries with our great research universities. but that's what we need to focus in on, stop fighting about what happened in the past, let's talk about new opportunities to create jobs tomorrow and the next day. >> and move on. the country will be watching and i'm sure you will be watching as well. governor snyder, thank you so much. this wasn't just talk. they had taken real steps toward carrying out their plans. >> men in their 60s and 70s accused of plotting to attract united states government. the men are from the state of georgia. get ready to see a world-breaking wave -- record-breaking wave and the

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right there on the top of the wave that is extreme surfer, garrett mcnamara. extreme right. this video shows him breaking the world record for largest wave ever surfed by riding this 90-foot-tall behemoth. he rode the wave off the coast of pore shue chtugal. the previous record, 77 feet, shattered. we are now just hires way from tonight's gop debate and there's a lot on the line for these presidential hopefuls. jim acosta joins me now. hello, jim. what should viewers keep an eye on during tonight's debate? >> you know, john, i wrote up something for cnn.com on the

five things to watch for tonight's gop debate here in michigan. it could probably be summed up in one thing and that is the accusations that are facing herman cain. the key question tonight, will they go there? will the other candidates try to challenge their conservative businessman on this issue that has dogged his camp paint last week or so? we saw mitt romney given a in the.er view just in the last 24 hours in which he stayed this herman cain should addressing these allegations seriously. that was sort of a veiled reference to herman cain going on a late night talk show and at some point, making light of the whole controversy. interesting to see he if that comes up during tonight's debate, don. the other thing that i think a lot of folks will be watching for is sort of a rerun of fight night that we saw in las vegas at the cnn debate there in nevada just a few weeks ago. you know, as you know, don, mitt romney and rick perry really went at each other. there was a more combative rick perry than we saw in the last debate it didn't really help his poll numbers that much. the poll numbers did not rise

dramatically. if anything, they have gone down a built since that past debate. so it will be interesting to watch whether or not rick perry goes back into that combative mode, whether or not that helped him at all at that last debate and whether he brings that back again tonight. and speaking of combative, another republican who we did not see on stage at the last debate, jon huntsman, he may actually try to pick up that mantle of going after mitt romney in this debate. he ran a tough ad in the last week that showed a video of a toy monkey flipping over and over again, basically trying to compare mitt romney to somebody who is a flip-flopper on a variety of issues. so, you know, this could be a big smack down as we have seen on previous debates and could be a cold, sober discussion on the economy. this state, don is facing an 11% unemployment rate there is a lot of misery in michigan and that certainly will be one of the top issues here tonight, don. >> jim acosta, thank you so much. we are watching this now,

breaking news, magnitude 5.7 earthquake in turkey, reports of a hotel and office building that have collapsed in turkey. those reports from reuters. our chad myers is working on it to get details now much more after a quick break on this. certain prescription medications can cause occasional constipation, which is why people turn to senokot-s tablets. senokot-s is the leading brand that has the proven effectiveness of a natural vegetable laxative ingredient plus the comfort of a stool softener. senokot-s tablets. proven relief for occasional constipation. go to senokot-s.com for special savings.

but when they come home, they don't want a parade; they want a job. the postal service employs more veterans than any other civilian employer. but congress is debating a bill that would force the postal service to fire tens of thousands of vets, close post offices, shut mail processing plants, and disrupt mail delivery. drastic cuts won't fix the postal service and aren't needed. tell your representative to vote "no" on house resolution 2309. it's time to deliver for our veterans -- and america. and what it doesn't cover can cost you some money. that's why you should consider an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. all medicare supplement insurance plans can help pay... some of what medicare doesn't, so you could save... thousands of dollars in out-of-pocket expenses.

call now for this free information kit and medicare guide. if you're turning 65 or you're already on medicare... you should know about this card -- it's the only one of its kind endorsed by aarp; see if it's right for you. all medicare supplement plans let you keep your own doctor, or hospital that accepts medicare. there are no networks and no referrals needed. help protect yourself from some of what medicare doesn't pay... and save up to thousands of dollars in potential... out-of-pocket expenses with an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. call this toll-free number on your screen now... for this free information kit, including this... medicare guide and customized rate quote. let's get to chad myers, talk about the 5...7 quake that hit turkey. reports of a hotel and office building that have collapsed in van, turkey?

>> right. this is the exact location, don that had the 7.1 earthquake back in late october. so, not -- i know this is an aftershock but we have to understand, 75.1 did a lot of damage to the existing structures there in van, turkey. so a 5.7, at now only three miles deep, puts a violent rattling to those buildings that have already been compromised. those buildings are falling down with these aftershocks. 5.7, three miles deep, not very deep that mean there is not a already of padding, so you are going to see a violent shaking rather than a rumbling. it is right where the eurasian -- arabian and -- plates come together. large line offing earthquakes that happen right through this region. this is not unusual. but the problem is, this damage that was already done and the tens of thousands of people that are already homeless in that area because their homes and businesses and everything around them collapsed from the last, now the collapsing continue wells 5-7. don (chad meyer, thank you.

we will continue to check on that for you. it is being called home-grown terrorism, men in their 60s and 70 from here in georgia accused of target the u.s. government. and you are not going to want to miss this high school pictures of some of the gop candidates. that's straight ahead. up in arteries over time... high cholesterol is a major factor. but these other health factors can also contribute to plaque buildup. so if you have high cholesterol and any of these other health factors... it's even more important to get your cholesterol where your doctor wants. talk to your doctor about crestor. when diet and exercise alone aren't enough... adding crestor can lower bad cholesterol by up to 52%. and crestor is proven to slow plaque buildup in arteries. crestor is not right for everyone, like people with liver disease... or women who are nursing, pregnant, or may become pregnant. simple blood tests will check for liver problems. tell your doctor about other medicines you're taking... or if you have muscle pain or weakness. that could be a sign of serious side effects.

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now to the sex scandal that has engulfed penn state university if these allegation proves true haute, school's football program harbored a sexual predator, will the school be on the hook for potential lawsuits? in session legal correspondent sunny hostin joins me from new york. how exposed is penn state right now? >> you know, i think certainly, there is a bunch of civil

exposure for penn state it is very neck negligent if the allegations are true that they sort of did harbor this predator. in terms of coach pattern know is there criminal lie fwoirlt him? he did what he was supposed to downed earth law, certainly. he was supposed to report this to school administrators, don, he did that i think many people were saying he has some civil exposure as well in terms of fail ing failing to do more there is a legal duty to warn. some people feel he dropped the ball in terms of his moral obligation to protect children to do more, to follow up. once he reported, he needed to basically find out what was the result of his reporting and he failed to do that civilly, there maybe something for pattern know and penn state, but morally, i think we all know they should have done more.

>> in most state, if you see or witness this behavior, you are obligated to tell someone in authority, that is usually a police officer. joe paterno did tell someone above him, the athletic director are, someone above him why he is not being charged here. most states, you are supposed to tell law enforcement, supposed to tell someone. they didn't do that in this is case. >> you are talking about the child abuse reporting laws and medical personnel have an immediate obligation to notify law enforcement. school administrator, the same. however, under the statute, joe pattern know had no-to-not necessarily report to law enforcement but his supervisor, did he that. in this case, it just wasn't enough. you are absolutely right, don in most state there is that mandatory requirement and it applies to educators. it applies to medical personnel and i really feel, when you look at the law, the ball was just dropped and it failed these young boys miserably.

>> yeah. and it is sad all around. thank you very much, sunny hostin. went want to get to breaking news, told but the 5.7 magnitude earthquake in turkey. we have some pictures now, these are live pictures in van, turkey, now the. there are reports of a they will and office building in van, turkey, pictures. that we're seeing and as chad said, it happened just shortly that is aftershocks from the 7.1 magnitude that hit turkey. that's the first live pictures from that earthquake. i want to talk now about georgia, a story that's happening in georgia. it's an improbable case of home grown terrorism. the men are due in court today for a bond hearing on charges they plotted to kill federal officials. investigators say it was more than trash talk and included attempts to obtain ricen and

automatic weapons. this is mind boggling to think of 60 and 70-year-old men. >> it is a long list of shocking accusations from buying explosives and ammunition to kill government workers to creating the toxin and spreading it on highways throughout the u.s. to kill indes krim nantly. they say this came out of left field. >> 34 years. i am just like the community. i'm shocked. >> right now, prosecutors are making the argument that these men should be denied bond. they say because they are a danger to society. >> all right. is this -- they would never do anything like this, these are 67-year-old guys. is this possibly some sort of misunderstanding? investigators don't think so.

>> you hear in that sound bite, people think these are just a bunch of older guys that have frustration with the government, but prosecutors believe they had a plan to create this ricen and spread it on highways. >> next? >> if they can't bond, after that, a court date will be b set. >> thank you very much. closing bell in just a few minutes and we want to get a quick check of the big board right now. let's look at the markets. the dow is down 406 points. when i started this newscast about two hours ago, it was down. also, wolf blitzer joins me from washington. "the situation room" is just a few minutes away. you guys are all over this one, wolf. >> we're going to have erin burnett. she's going to join us at the top to have hour. we're going to assess what is going on. clearly, lot of pain in europe, but it's spilling over here in the united states. at wall street. today, 400 points in one day.

we're going to assess what's going on. we're taking a look at all the other developments in the world of politics, national security. big developments involving the iaea. barbara starr's got new information out of the pentagon. also, the latest on herman cain. will tr there be a joint news conference from some of these women? don, we're all over the news in "the situation room" as we are every day. >> thank you. breaking news, a 5.7 magnitude earthquake in turkey. report of a hotel and office building than collapsed in van turkey. live pictures, our chad myers working on it. we're trying assess some of the damage. we're going to talk about it after a quick break. losing your chex mix too easily?

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an earthquake in turkey, 5.7 in magnitude. these are still live pictures, right? from van turkey, where it hit. chad myers is here, our meteorologist joins us. is that train or what? i can't see from, it's a building. >> i think that might be some type of a steeple on top of the building. >> there are reports of a hotel collapse as well as a bank. a hotel and another building and again, it is about four minutes until 11:00 p.m. >> it happened at 9:23 p.m.

there. a little over an hour and a half ago. a 5.7, not a major quake for a u.s. city, honestly, but this came on the heels of a 7.1 came tw week ago and then this 5.7 came and shook the buildings again. this is a significant quake. when you realize that this town used to be called van castle in sixth century b.c. we didn't know about earthquake prepa preparedness when these were built. >> 600 people in that one died. killed more than 600 people. i'm just getting new information and this is according to reuters. they said at least 18 buildings including two hotels collapsed after this quake. it struck just south of the city of van, near the iranian border.

that's what turkish television is reporting. another news report said a large number of people were trapped and rescue workers could be seen searching through the rubble. les than two weeks ago, two weeks. they're saying 7.6, we're saying 7.1. still, over 7. killing 600 people. >> the united states geological survey. the number i gave is usgs numbers. they're numbers are different. this town, somewhere between 365,000 to 600,000 people. now with buildings and cracks in the buildings, this 5.7 and a very shallow quake. this is only three miles deep, don. that means this was a jolt and not a rumble. you would feel this because it is so shallow, you would feel this sharply. it would be a boom, a shock.

crack. where as if it were 300 miles deep, the whole area would rumble, but it wouldn't be a shock to the system. but a 5.7 at this shallow at a place where we had so significant damage already, this is going to cause more. >> do time and intensity tell you anything about the possibility they may be dealing with another one any time soon? >> no, this was an aftershock. it was moving along the quake rift. there may be more to this aftershock. that can happen. what i've seen here, you have to understand. this happened something an hour and a half ago. the amount of equipment that's already at this place tells me that the equipment was very close. they already had this equipment from trying to dig out from the rubble before three weeks ago. so now, they are digging out again and more people are buried under that rubble. >> at least 18 buildings including two