are lower than months past. >> you don't have positive ideas at all now, do you? >> you could walk, ride a bike, stay home. i don't know. i'll be going home, though. it's worth it to me. carter evans, thanks so much. >> sure. herman cain struggling to save his campaign. the republican front-runner denies sexually harassing anyone. we could hear from one of cain's accusers today. greece in crisis. the global economy hanging in balance. the next 24 hours could determine whether the greek economy collapses, something that could set off a dangerous domino effect worldwide. the michael jackson death trial ending with powerful and dramatic words. the prosecution painting the picture of a family ripped apart by grief. now the fate of dr. conrad murray is up to a jury. corporations raking in

millions in profits and not paying taxes. sometimes the government is paying them. that's triggering outrage on this "american morning". good morning, everyone. it is friday, my very favorite day of the week besides saturday and sunday. happy friday. it's november 4th. welcome to "american morning". >> i'm christine romans. ali is on assignment. he's still in caane. herman cain still defiant this morning. the republican front-runner pushing back against the sexual harassment swirling around him. cain says that he will not let it derail his campaign for president. also developing this morning we may hear from one of cain's accusers today, her attorney hopes to release a statement which can rebut cain's contention that any allegations made against him were

groundless. joe johns. following all the twists and turns of this case that continues to twist and turn, joe. >> reporter: that's for sure. if it happens, best case scenario the moment where we start to learn something about the actual allegations that were lodged against the front-runner in the republican race for the presidential nomination. the hope is for a one page press release from the lawyer of one of the accusers. this is being described as an attempt to defend the woman's reputation and if it happens it's expected to give us some sense of what she did and why she did it and apparently the main goal of such a press release would be to rebut herman cain's assertion that sexual harassment allegations which were made against him a dozen years ago were false. this is a drum he continues to beat. he was on the radio just last night talking a little bit about that. and he went after "politico", the publication and online service that first reported the

story. listen. >> when you look at the facts and you look at the fact that "politico" doesn't have any documentation. they've never talked to these women who are anonymoanonymous. i didn't know there were so many women named anonymous. >> reporter: the woman in question said she was sexually harassed by cain while an employee at the national restaurant association. this dance is going on because there's a confidentiality agreement put in place as a result of the settlement here. supposedly bars all sides from talking publicly about the details. so the next question is do we know what we're not going to get? we're told not to expect the name of the woman to be released because she's trying to protect her privacy and just wants to get on with her life and set the record straight. back to you. >> joe johns, thanks. herman cain is pointing the finger at rick perry accusing his campaign of leaking details

of the sexual harassment complaints. in an interview with john king texas governor rick perry denied his people had anything to do with that. >> reporter: i want to start what's driving the news. cain's campaign says your campaign needs to owe him an apology. >> we found out about this the same time the rest of america found out about it both on the internet or next day in the news. so, you know, i don't know how to tell any other way except knew nothing about it, sir. >> reporter: if you ever found out somebody in your campaign did something like that, would you fire them? >> out the door. >> he said they would be out the door. governor perry also talked about this rather animated speech he gave to supporters in new hampshire. perry said he had not been drinking alcohol or taking any medication.

he told john king if he had to deliver the speech again he would deliver it in the same fashion. turning to greece. dominating the conversation at the g-20 in france and your 401(k) on the line. looks like the prime minister of greece is back being off those plans to put a eurozone bailout plan to a vote by the fwreek people. instead he's trying to convince the types support the pressure while he's trying to survive a confidence vote in parliament. ali velshi is covering this. he joins us live from caane, fans. is that an overstarjts ali? >> reporter: not really. i don't know if you see the pictures going on. lots of intense conversation. looks like everybody is getting along, having good conversations and there's some sense that some of the agenda items at the g-20 many of which had nothing to do with europe at all are getting achieved. the attention is not there.

the attention sparngs tn, the concentration. every time the world leaders leave the meetings talk to their advisors about greece, what influence they can put in. this is a tough situation. everybody else in the world has told greece what greece needs to be told particularly france and germany have told them you got to get on with this. how you sort out your problems in greece, what decision you make to deal with your debt and cuts in government spending, you have to deal with it. it's a waiting game. we think there isn't going to be a referendum but a confidence vote in 12 hours from now, in 12 or 13 hours from now in greece and we're not quite sure what that's going mean. we're not sure whether the government of the prime minister will survive. the betting is there isn't going to be a referendum but we're not sure. until it is settled it is holding the world hostage. >> those four words, "we're not

quite sure" that's not what the financial markets want to hear. they wanted certainty greece would get their act together. that's the point. >> except we have another problem now and one of the issues is that greece has drawn a -- put a light on europe saying can this group of 17 countries that use a common currency get it together. is there some danger by lending these countries money if they decide to default the other 16 in the group won't do enough to make sure that outlying country pays? that's having an effect on italy. unlike greece, italy is a major global economy and a major bore reporter. the cost to the italian government of borrowing money is approaching 7%. by contrast in the united states it's 2%. if the europeans can't get greece to do the right thing and

greece is an insignificant economy can italy go the same way? >> people who study the world's financial system are looking at those italian bond yields at 7% and that makes them very nervous. ali velshi, thank you so much. the fate of dr. conrad murray now rests with the jury. deliberations are set to begin later this morning this after powerful and emotional close arguments. the prosecution remindingors that the trial isn't just about michael jackson, but about his children who will now grow up without a father. the defense arguing that the trial isn't a reality show. so, i understand there was applause after the prosecution presented its closing arguments. >> reporter: absolutely, carol. there were fans of michael jackson who were lining the hallway in the courthouse behind me and reporters saw those fans

applauding for prosecutor david walgren after he delivered that impassioned closing argument. some speculated that the jury may have heard that applause. we don't know if that's the case. but these jurors after six weeks and hearing testimony from 49 witnesses will finally get the case later this morning. they heard the closing arguments yesterday where the prosecutor reinforced his contention that dr. conrad murray was criminally negligent because he provided propofol to michael jackson outside of a hospital setting. the defense countered with its argument by blaming michael jackson himself. >> the evidence in this case is abundantly clear that conrad murray acted with criminal negligence. that conrad murray caused the death of michael jackson. that conrad murray left prints,

paris and blanket without a father. >> really asking you to do, just say it, what they are really asking you to do is to convict dr. murray for the actions of michael jackson. >> reporter: now the defense also sought to punch holes in the prosecution's theory that michael jackson received that propofol through an intravenous drip that continued to go into his body while conrad murray was out of the bedroom. the prosecutor countered with its argument that basically what dr. conrad murray subjected michael jackson to was an obscene pharmaceutical experiment. jurors will decide who is right beginning in about five hours, carol. >> thanks. a big setback now in the palestinian bid for u.n.

statehood. france and britain now announcing plans to abstain from next week's u.n. vote. both countries took part in a closed door meeting yesterday to discuss new u.n. membership. the palestinians have applied to become a u.n. member state despite israeli opposition the united states has already threatened to veto membership. more than 400,000 homes still without power in connecticut, six days after a freak snowstorm pounded the northeast and those poor people may not have power all weekend either. the state's attorney general calling for an investigation of connecticut light and power to find out why those repairs are taking so long. and jetblue started refunding hundreds of passengers that were stranded on a tarmac in hartford for up to eight hours when the storm hit. the passengers are getting a round trip voucher for a future trip and a personal apology by phone. the city of oakland recovering this morning after

another round of violent protests. the city's shipping port is back up and running this morning. but officials say just about every office building and store within a block of city hall was vandalized, even businesses that publicly stated they sided with the protesters. in new york more than 60 occupy wall street protesters showed up in court most of them pleading not guilty nonviolent charges stemming from demonstrations there. new york's protest now enters its 49th day. just ahead on "american morning" a texas court judge admits it was him beating his daughter. now we're learning he'll get away with it. a high-speed chase involving a plane, brazilian police desperate to stop a group of smugglers. they had to improvise and get creative. the wild video. >> how a louisiana man has been turned into an accidental

millionaire. you're watching "american morning". i wouldn't do that. get married? no, i wouldn't use that single miles credit card. nice ring. knock it off. ignore him. with the capital one venture card you earn... double miles on every purchase. [ sharon ] 3d is so real larry. i'm right here larry. if you're not earning double miles... you're settling for half. turned into an accidental facie tough challenges right now.

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. it is 15 minutes the hour. welcome back. the video is shock. it shows a texas judge beating his then 16-year-old daughter. now another stunner. authorities say the judge can't be prosecuted because the statute of limitations has expired. we want to warn you, again, the video is hard to watch so here it is. the video tape beating took place seven years ago. he beat her daughter with a belt after finding out she was downloading music and videos. >> reporter: this tape is extraordinarily difficult to watch. did this kind of thing happen a lot to you? >> well, a lot of people are asking that and, well the

corporal punishment was just corporal punishment when i was younger but then it got escalated and got worse and worse over time until i was a teenager it turned into full blown abuse. so what you see in the video. it got so bad and i recognized the pattern of it about to erupt that i knew to set up the camera and i knew that i just needed to capture this because it was getting so bad. >> hilary says she posted the video now in an effort to reconcile with her father. judge adams, a family law judge who presides over child abuse cases has been taken off the bench temporarily pending a conduct review. all right. not to worry, people, an asteroid the size of an aircraft carrier is headed our way. nasa projected the asteroid's path next week. close in outer space means about

200,000 miles so if you're scoring it at home that's closer than the orbit of the moon. officials say there's been no object that close to our planet in more than 30 years. >> let's head to atlanta and check in with rob marciano. >> how about that? >> that scares me even though it's 200,000 miles away. >> you know, we do have stuff like that getting that close but just not that big so that's the thing about it. but it's going to be great because we'll be able to study this thing as it passes. these asteroids, a lot of them have water. water resource. some have compounds that could be used as jet fuel. so, you some of these asteroids could be used as refueling stations in interplanetary travel, potentially. >> okay. >> let's look at this asteroid a little bit differently now, all right? let's look at the map here and show you the rainfall that's moving across the mid-atlantic and delmarva.

fast-moving system. this is system that brought snow to colorado and rain in the tennessee valley and deep south now heading towards virginia beach and hampton road area. some will get into new york but stay well to the south and scoot out to sea relatively quickly. behind it it will be chilly. there are morning loss in the 20s and freeze warnings are posted as far south as the mexican border. warm sunshine will replace this this afternoon and east of the mississippi this weekend looks to be perfect. but we have a couple of storm systems heading to the west coast and intermountain west. this storm bringing rain to california but definitely some winds that could gust over 50 miles per hour in spots and that's going to kick up some dust. traveling to phoenix, vegas that may cause travel delays at the airport there's. los angeles some wind as well and san francisco another system rolling in. another one behind that. as mentioned every where east of

the mississippi looking okay once we get through the rainfall across the mid-atlantic, and the weekend weather looks good. chilly in the morning. temperatures will rebound nicely in the afternoon. 65 degrees for the high temperature in dallas after the chilly start. 55 degrees in chicago. 52 trees in new york city. still several hundred thousand people without power in connecticut. mornings are a tough go. can't believe how many people are still in the dark. 60 degrees in memphis. by the way, if you are a big fan of sleeping late you get an extra hour this weekend. don't forget to change your clocks over the weekend. we do it later. you know what's weird? you know what's weird about halloween is because it's daylight when the kids are trick or treating because daylight savings time goes a little bit later. >> it's safer that way. >> parents are more uptight these days than when we were little kids. >> they took the fun out of halloween for the little kids. >> turn the clocks back this

weekend and enjoy the extra hour. getting stuck at work is bad enough. getting stuck when you work way up here, not so good. >> more on that coming up. plus google giving us one more reason to watch what we post on facebook. it's 20 minutes the hour. ds 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. ♪

welcome back. minding your business. solid gains in the market after greece decided to scrap the vote on the default. october jobs report comes out this morning in about two hours from now.

forecasters are predicting 102,000 jobs were'ed and they think the unemployment rate remained steady. jeffreys investment bank could be the latest casualty from the collapse of mf global. hedge fund clients are scrambling to find another investment bank to do business with because jeffreys had high exposure to the risky bets that mf global was making. mf global filed for drups on monday due to those risky investments and market concerns about its exposure. aig posting a massive $4.1 billion loss in the third quarter. the ceo says it was due to tough business conditions in the quarter. it's not good news for taxpayers because you still own a big chunk of this company due to the government bailout during the financial crisis. if you're fed up with fees you can vent your frustration tomorrow. it's being called bank transfer day. a facebook group encouraging people to ditch the big banks

and a new survey says more than 650,000 people have switched to credit unions since bank of america announced its new debit card fee, a fee that was eventually scrapped under pressure from customers but 650,000 of you have left your big bank and gone to a credit union. facebook users watch what you say. it could turn up in search results. google will expand its search index to include user comments on facebook or other public pages. but anyone with private settings will still be protect. another reason to check your settings. "american morning" will be right back after this break. fore! no matter what small business you are in, managing expenses seems to... get in the way.

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the hour. good morning to you. beating the system. america's biggest most profitable corporations not paying a single penny in taxes. some of them even getting money back from the government. how can this be? cnn is minding your business on this "american morning". good morning, everyone. it is 6:30 in the east on a friday morning. welcome to "american morning". >> our top stories. we may hear from one of herman cain's accusers. cain controlling the damage, a week of sexual harassment allegations apparent lie has not hurt cain by a large actually republican supporters. he does remain the gop front-runner in the latest polling and this week alone the cain campaign has raised more than $1 million. jury deliberateses expected to begin in the michael jackson

death trial. powerful closing arguments by both sides. both attorneys reminding jurors it's not just about michael jackson but about his children. greece on top of the agenda at the g-20 summit. the greek prime minister back pedalling after letting the greek people vote on the bailout backfired. prepare to be outraged because about 14 million unemployed americans are looking for jobs dozens of the most profitable corporations in the country are raking in millions, even billions in profit without paying a dime in tax. uncle sam is paying some of those taxes and paying some of those companies back. here's mary snow, minding your business. >> reporter: as protesters rally against big corporations and big profits there's talk of corporate tax reform. authors are hoping results may

inspire action. citizens for tax justice as well as the institute for tax justice found corporations paid zero income taxes in the last three years. how is that possible? robert mcintyre is the lead author of the study. >> it didn't happen by magic. the corporations are good at lobbying and congress is good at rolling over for them. in the last 25 or 10 years loopholes have crept back into the tax code and companies have found ways to shift their profits offshore and invest in tax shelters that cut their taxes. >> reporter: the corporate tax rate is 35%. this study found that on average of the 280 companies studied, they paid about half that rate. the report also finds that some companies had so many tax breaks their tax burden went negative, meaning they got money back. general electric is near the top of the list. the report find it paid zero

income tax for the last three years while their u.s. profits in that time amounted to $10 billion. ge challenged the report telling cnn the report is inaccurate and distorted. ge paid billions of dollars in taxes in the united states over the last decade and we expect our overall tax rate will be approximately 30% in 2011. ge which is a multinational company favors tax reform it says to close all loopholes and to lower the corporate rate. the author of the report is hoping for major reform like the kind he advocated fortin 1980s, a time when then president reagan rid the tax code of special breaks. >> if you don't keep cleaning things up the lawyers and accountants will beat you. we haven't had a clean up in 25 years. >> reporter: tax law professor isn't holding his breath noting changes in politics since the 1980s. >> they are not compromising.

we have a different political environment today. >> reporter: while the low tax rates and in some cases zero tax rates may be surprising, they are all perfectly legal. all part of a system that tax reform advocates are pushing to change. mary snow, cnn, new york. >> absolutely legal. congress wrote the tax codes and companies find every way to make sure they lower their tax burden. you know what they say? they say we're in business to return value for our shareholders and our shareholders need to us have the lowest tax burden we need to have. >> after watching that, my first question is companies are complaining about high corporate tax rates? are they really that high? if they are getting away not paying any income tax don't things balance out? the second question i have these government regulations that are prohibiting companies from hiring, big companies are they really? >> i'll tell you where they are hiring? they are hiring in the tax departments. that's where there's a boom in

hiring, in the tax departments. >> big american companies. >> all right. a house committee has voted to subpoena the white house of the growing solyndra scandal. the solar panel firm filed for bankruptcy after receiving a guaranteed loan from the government leaving the taxpayers on the hook for half a billion dollars. republicans on the energy and commerce committee say the subpoenas are necessary because the white house is refusing to turn over documentation. democrats are calling the subpoenas politically motivated. japanese officials dismissing fears of new radiation leaks at the crippled fukushima plant. they say the gas detected earlier is the result of a rare type of radioactive decay. not a sign of a renewed nuclear reaction. the gas was discovered inside the plant's number two reactor which was damaged during the march earthquake. a dramatic rescue caught on camera. two construction workers trapped 100 feet up in the air. the men got stuck in a cherry picker while working on a church

steeple. they were trapped for about two hours before the fire department came rushing to their rescue. took three tries using a giant crane before the men were finally brought down to the ground. just wild. brazilian police hunting down a group of smugglers. check this out. looks like a chase scene from a movie. these federal agents chasing down a small plane, slamming into it in order to stop the smugglers from take off. police say the plane was packed with $200,000 with stolen electronics. >> a high-speed chase on the runway. >> like a movie. >> awesome. some people are born lucky like robert, louisiana's accidental millionaire. robert just hit the state's lottery jackpot. instead of collecting the $200,000 prize, he'll be getting a check for a cool million. that's because the young lady who sold him the winning ticket accidentally punched the wrong button and gave him a power play

ticket by mistake. that mistake multiplied robert's winnings times five. >> oh, my. yes. i went yes, yes. i went yes. when i went to the store and bought the ticket the girl gave me the power play and i never asked for it. designee took the ticket. >> how lucky can you be. i never asked for the power play. but she put it on the ticket and i bought it. and then i go get my money i'm going to write her a check. i'll give her some money. >> that's so awesome. robert is bringing his family with him too to pick up the check today and then he said they are all going out the dinner. a degree still doesn't mean as much as your gender. why are women passing men in education but not in salary and how can we close this gender gap? we'll talk live about how we can narrow that gap next. he's got a license to kill and he's ready to use it.

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a new government report says women are successfully breaking through the education glass ceiling. now more likely to graduate high school and go to college than men. but those degrees still aren't getting them equal pay. women with high school degrees are still struggling to close the gender pay gap. they are earning 86 cents for every one dollar a man makes. why are women still making less and why are they so

overrepresented in the low wage parts of this economy. here to discuss this is nicole mason. welcome to the program. so the gao, government accountability office really getting a lot of attention for this report on pay, on gender and pay. >> i want to put aside the traditional thinking that women are coming in and leaving the labor market or just now persistent in asking for a raise and i just want to put that to the side. this is a persistent problem and it's only been 81 cents to 86 cents, that's five cents on the dollar. $2 per week. that's not enough to buy a cup of coffee let alone take care of a family. women are struggling in this economy and in terms of why the problem persists we see structural barriers and when women ask for a raise orring fight back they end up losing

out. when we look at the walmart case where women were experiencing discrimination got together to file a lawsuit and the supreme court threw it out. we have to look at these things because it is a structural problem. >> when we talk about parts of the company where women are overrepresented they are the fastest growing parts of the economy and they don't make lot of people. women are overrepresented in dead end jobs. let's put aside the college story and how women are now out pacing men in college. at the same time they are also really overrepresented in parts of the economy that you just are he in rear going to get ahead. >> women are overrepresented in the service industry, health care, office and administrative support work. these are jobs dominated by women for a long time. these jobs, any career that's dominated by women tend to be dominated by lower wages. it's not getting better. it's an employer's market so women don't have the opportunity right now to ask for a raise

because it's so competitive. >> right. home health aides, cashier, retail clerks. these are places where you see job creation. labor department says this is where we'll see these jobs. where's the ladder? >> unfortunately there is no ladder. these jobs are dead end jobs. they are jobs that has no pathway, few networks for women to advance in these careers and these are the careers that, unfortunately, we haven't seen much movement over the last decade where women are moving into these high skilled industries we hoped for. >> let's look at the numbers. many women try to up their incomes by getting further along in their education. women who have a high school diploma, 81% of women. surpassed men last year. women account for 60% of low-income workers. folks earning about $9 an hour. when you look at where we're

creating jobs, low wage jobs in 2010, three quarters of all job growth were from industries paying less than $15 an hour. how do women overcome what you call the structural barriers and these numbers and launch themselves on the other side of the equation. >> do i think women -- there's work for women to do but it's a structural problem and we have to work with employers to increase wages for women who are in those low wage jobs. many of them are single mothers so they have an additional responsibility and caregiving responsibility for their children. we not only have to work with women so they can advocate for better pay and enter programs where there are clear pathways to higher pay but work with flowers say it's not okay to pay women less than men who are doing the same job. >> it's also education. you hear a lot about education. when you see these numbers, how much is education, how much is

it opportunity? all of this feeds into the occupy wall street stuff. it feeds into the feeling that people have in america that there aren't equal opportunities for everyone. >> think so. it's the feeling that something is not right. you can do the right thing. you can get an education. you can apply for a job. you can get the job and you still lose out. so i think that's the feeling that, you know, we see captured in the wall street movement and i think that's what -- people are saying this every day across america they are frustrated about they are doing the right thing and still not able to grab that american dream. >> one of the things that i find so interesting, you get a raise, a $5,000 raise or make $5,000 more even in your early 20s that translates over hundreds of thousands of dollars over the course of your working life. you have to get the opportunity when you're young and move up young so that you can, you know, burld way into the middle class and that opportunity just isn't there. nicole mason, thank you so much.

carol? thanks, christine. a quick check of the morning's top stories just ahead including the european country closing embassies because its broke. plus turn the season of spending in to savings. 000 save $1,000 for the holidays. it's 46 minutes the hour. so i like control in the rest of my life... especially my finances. that's why i have slate, with blueprint. i can create my own plan to pay down large purchases faster... or avoid interest on everyday items. that saves me money. with slate from chase, i'm always in control. financially, anyway. get slate with blueprint and save money. call 855-get-slate today.

we could hear from a woman who accuses herman cain of sexual harassment. greece's prime minister backing off of plans to put a eurozone bailout package up for a vote to the greek people. he's trying to rally support for the package from his political opponents while he fights to keep his job. ireland is closing their embassy to the vatican because of financial problems. they are denying it's because of fractured relations with the church. they will also close their embassy to iran. jury deliberation in the trial of michael jackson's doctor begins today. dr. conrad murray is accused of giving michael jackson a lethal dose of propofol. the annual muslim pilgrimage to mecca officially begins this weekend. the pilgrimage known as hajj is the largest gathering of muslims

in the world. the world's favorite super spy is back. daniel craig will return to the big screen as 007 in the newest james bond flick. it's the 23rd installment of the series. the movie is entitled "skyfall" and hits theaters next fall. that's the news you need to start your day. "american morning" after a break.

what if i told you you got seven weeks until holidays and you don't want to have a debt hangover in january. it's time to start planning. you can save $1,000 by the

holidays. i won't tell you the standard you can make your gifts. the biggest savings comes from your house, your mortgage. refinance if can you. if you lower a 6% mortgage on a $200,000 down to 2.4% you'll save 221 bucks. if you can finance try appealing your property taxes. that's real money too and a lot of money are getting money that way. ditch your gym membership. throw on a pair of running shoes. same you to $10 if you cancel or put the gym membership on hold until after the holidays and some gyms will let you do that. be real careful how you shop for the staples. never buy groceries at the drugstore. a recent study shows they cost as much as 50% more at a drugstore or pharmacy than at the grocery store. you can safe an average of $25 a week if you avoid buying groceries in a pinch at the

drugstore. buy in bulk. never use an out of network atm. if do you that even twice a week you're spending more on atm fees than you do on fresh vegetables. walk the extra block or drive the extra mile you'll save 50 bucks easy. don't give the banks that free money. also take a good look at whether you're using your technology in a smart way. everyone now is trying to bundle their internet, phone and cable for savings up to 60 bucks a month. this is a really good way to save some money. this one is really controversial because i like to get an iced tea every morning. if you made your coffee at home you could be spending as little as 15 bucks a month instead of $2 a day on a cup of joe dpoipt for a couple of months sponsorship it does all add up. if you did all of these things and they work for your that's more than $1,000. the national retail federation says the average person will shell out $700 on presents.

look you can pocket the next $300 or so for your savings or, you know, just do a couple of them and it's a little bit of extra money, carol. >> i'm too lazy to make my own coffee. i'll try it. >> the thing about coffee, if it makes you good at work and efficient and on target it's good voechlt. but if you need to save some money think about it. >> okay. i'll think about it hard. i am. they've already loss the first month of the nba season but team owners and the players union will resume negotiations tomorrow on a new collective bargaining agreement. we're talking about basketball. talks broke off last week after which the nba commissioner david stern cancelled the remainder of november's regular season games. the player lockout is now in it's 127th day. playing ball at john brown university in arkansas. the golden eagles scored their

first points the fans covered the court in toilet paper. the student body has been tping the first home game for the past 30 years. when the cat is away, president obama taking a good natured beating while he's overseas. take a look. >> president obama just went to the g-20 summit to give europe advice on its debt crisis. [ laughter ] wait. europe is getting economic advice from obama. that's like j. lo getting marriage advice from kim kardashian. >> "forbes" magazine put out a list of the most powerful people in the world. president obama is number one. i guess nobody told congress. [ laughter ] >> did you see this, president obama bumped chinese president from the number one spot on forbes list of the world's most powerful people. yeah. it was awkward. obama wanted to buy a copy of

the magazine but he had to borrow five bucks from the chinese president. do you have some more money? got any money? >> that's so true it hurts. ahead in the next hour, verdict watch in the michael jackson death trial. the prosecution pouring it on during closing arguments using jackson's children to try to put his former doctor behind bars. was it enough? [ female announcer ] from an earache... to the flu. an accident... to asthma. a new heartbeat...

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a festival of denial. herman cain said he never sexually harassed anyone. rick perry said he knew nothing about the cain allegations. to the jury. atlantic cities in the trial of conrad murray begin today. they must decide did murray give michael jackson that lethal dose of propofol. unemployment generation. america's young people losing hope of ever realizing the american dream. they simply cannot find work. we're going in depth on this "american morning".

good morning, everybody. it's friday, november 4th. this is "american morning". i'm christine romans. >> happy friday. i'm carol costello. ali is in france. one of the women accusing herman cain of sexual harassment could tell her side of the story today. she may release a statement through her attorney. the republican front-runner says the allegations against him are fabricated and groundless and he's determined to push forward with his agenda, with his campaign too. cnn joe johns is following developments. he's live in washington for us. good morning, joe. >> reporter: good morning. best case scenario. this would be the moment where we start to learn something about the actual allegations lodged against herman cain. the hope is for a one page press release from the lawyer from one of the women accusers. this is being described as an attempt to defend this woman's reputation, could give us a

sense of what she did, why she did it. apparently the main goal to be with rebut herman cain's assertion that the sexual harassment allegations which were made against him as to years ago were false. the woman in question says she was sexually harassed by cain while an employee of the national restaurant association. this is all going on because you know a confidentiality agreement was put one place as a result of the settlement. supposedly bars all sides from talking about the details. we don't know the woman's name, of course, and we don't expect to actual lu get her identity because she's trying to keep it private. back to you. >> in a strange way this is actually helping herman cain because people are donating to his campaign in droves. >> reporter: yeah. huge numbers according to the campaign, and you wonder why that is. they have been beating the drum saying well this is kind of a

racist plot against herman cain, ala clarence thomas back in the day. read between the lines. this whole drum beat is not about who leaked the story, it's about conservatives who think this so-called liberal media is doing a drive by on herman cain. to that end americans for herman cain, this super political action committee which is supposed to be independent of the cain campaign are putting out this new ad running on youtube and we hear they have plans to place it in iowa as early as next week. it's a broad side into the media coverage on the cain controversy in the strongest possible terms linking cain directly to the way clarence thomas was treated in his supreme court confirmation hearings years ago. let's listen to a little bit of it now. looks like we don't have it there. too bad. maybe next hour.

long and short of it, though, it's just no surprise, really, that the cain campaign is reporting that they are getting a lot of money from donors. now we have it. let's listen. >> it's a hi-tech lynching for uppitiy blacks who in any way think for themselves. it's a message that unless you kowtow to an old order you'll be lynched, destroyed, caricatured rather than hung from a tree. >> mean that is strong stuff and it seems like conservatives are responding to that message. there's a lot of distrust and suspicion of mainstream media in this country, and that's what herman cain is plugging into right now. >> herman cain is accusing his republican opponents of leaking the story. >> yeah. well, but understand this isn't about who leaked the story. what they are making the case on is how the media is handling the

story. and, you know, there's sort of a dividing line there and if you look at that whole ad there really -- you know they are pointing out different news organizations and different individuals in the news and what they said. so it's not so much about the leaker, it's about the way it's being played. >> all right. joe john, many thanks. herman cain has accused his conservative rival rick perry of leaking details of the sexual harassment complaints in an effort bring him down. perry in an exclusive interview with john king said his people had nothing to do with it. >> reporter: i want to start with was driving the news right now which is the cain campaign and they say you owe him an apology. do you >> no apology needed. we found bout this at the same time the rest of america found out about it both on the internet or next day in the news. so, you know, i don't know how

to tell any other way except knew nothing about it, sir. >> reporter: you said knew nothing. fufr found out somebody in your campaign did something would you fire them? >> out the door. >> governor perry also talked about the rather animated speech he gave to supporters in new hampshire. perry said he had not been drinking alcohol or taking any medication. he told john king he in a chance to deliver that speech again he would give it exactly the same way. greece is still dominating the conversation at the g-20 summit in france. the global economy and your retirement account hangs in the balance. the prime minister is backing off plans to put a eurozone bailout plan to a vote by the greek people and we know what the greek people feel about austerity. instead he's trying to convince his political opponents to back the measure while he tries to survive a confidence vote in parliament. ali velshi covering the g-20. he joins us live from caanes,

france. any sense this crisis is closer took resolved, ali? >> reporter: i think the changes in the last few days have caused people to be wary of making that kind of assumption. the bottom line is while they are averting this referendum there's a confidence vote in the greek parliament, around 7:00 p.m. eastern time. maybe later. and the greek prime minister only has a two seat lead in parliament. things can go in any direction tonight or even over the weekend in greece. there's some sense that perhaps they've averted it. the attention is being focused on italy which is a substantially bigger and more powerful economy than greece is. an economy that has a lot of debt and becoming very expensive for the italian government to borrow money. the cost of borrowing is above 6%. people wonder why that matters. it matters because in countries like some where you're talking about government spending less or cutting back every extra dollar paid on interest on your

debt is a dollar not going social services and going into the public. these don't big concerns around europe. because a bit of the attention has been eased at the g-20 there's some sense they are getting down to business. you saw the pictures of the leaders chatting this morning. they seem very relaxed and laid back. reporters were saying they were joking and taking it easy. the biggest thing that was going to be achieved here was the europeans presenting a package to the rest of the world including the chinese and indians who are here and say come in vest in us. we're safe and a good bet. clearly that didn't happen. usually they like to do things talking about how to get good health care for children and,000 lift the poor out of poverty and solve things like malaria. >> reporter: as you know pap lot of work in g-20 is not gone by these leaders, they are done by

what we call sherpas. 90%, 95% of the work that's done by the g-20 is already done or will continue to be done. the world's leaders attentions have been focused elsewhere. >> ali velshi, thanks. video was shocking. shows a texas judge beating his then 16-year-old daughter and now another stunner. authorities say the judge cannot be prosecuted because the statute of limitations has expired. i want to warn you again these pictures are hard to watch. this videotape beating took place seven years ago. judge william adams beating his daughter with a belt. last night on cnn's "ac360" hilary adams the daughter said it was a regular pattern of abuse. >> reporter: this tape is extraordinarily difficult to watch. did this kind of thing happen a lot to you? >> well, a lot of people are asking that and, well, the

corporal punishment was just corporal punishment when i was younger but then it escalated and got worse and worse over time until when i was a teenager it started turning into full blown abuse like similar what you see in the video. it got so bad and i recognized the pattern of it about to erupt that i knew to set up the camera, and i knew that i just needed to capture this because it was getting so bad. >> hilary says she posted the video now in an effort to reconcile with her father, judge adams. a family law judge who presides over child abuse cases has been taken off the bench temporarily pending a conduct review. more than 400,000 homes still without power in connecticut this morning, six days after that freak snowstorm pounded the northeast. you know what? they might not have power this weekend either. the state's attorney general is now calling for an investigation of connecticut light and power

to find out why repairs are taking so long. and, you know, jetblue has started refunding hundreds of passengers who were strand on a tarmac in hartford. they were stranded there for up to eight hours when the storm hit. those passengers are also getting a round trip voucher for a future trip and a personal apology by phone from a jetblue customer service agent. >> that would make me feel better. still to come this morning we'll be on verdict watch today. powerful closing arguments in the trial of dr. conrad murray. prosecutors describing michael jackson's daughter curled up on the floor crying when her father went into cardiac arrest. a rogue asteroid is heading towards earth and you won't believe how close it will come. tomorrow might be the perfect day to dump your bank. you're watching "american morning". it's ten minutes the hour.

well, thank you both for coming. oh, thank you so much. i love the vermeer collection. vermeer? dutch painter?

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it is 13 minutes past the

ho hour. good morning. a verdict could happen in the trial of dr. conrad murray. jury deliberations will begin this morning. the prosecution reminded jurors that the trial isn't just about michael jackson, but about his children who will now grow up without a father. the defense arguing the trial is not a reality show. joining us now is cnn legal analyst. let's talk about the prosecution's closing arguments first because the prosecutor stood up and gave this moving -- the speech was so moving that some people applauded afterwards. so let's listen to a bit of it. >> the evidence in this case is abundantly clear that conrad murray acted with criminal negligence. that conrad murray caused the death of michael jackson. that conrad murray left prince, paris and blanket without a

father. >> course it twaewasn't the jur that you a -- applauded. >> a lot of prosecutors might say if you have a strong case you don't have to go with the sympathy card. i was a little surprised frankly that he spent so much time talking about the children because i think the prosecutors have a strong case that they could argue to the jury here. but on the other hand, he was thinking about the defense coming forward saying, you know, michael jackson did this to himself. i was just trying to help somebody who had a drug problem and he did it to himself. what the prosecutor emphasized is, you know, it wasn't just michael jackson who was a victim in this case. he has children. they will be raised without a father. there's a true victim. so, i think he was trying to bring that home with the jury.

>> the defense countered in its closing argument, the defense standing up and saying, you know, this isn't a reality show. that some people who testified in the course of the trial made money off of their stories, you know, through tabloids paid them and some thought that was very effective too. let's listen. >> what they are really asking you to do, just say it, what they are really asking you to do is to convict dr. murray for the actions of michael jackson. somebody's got to said. somebody's got to tell the truth. somebody's got to just say it. if you want were anybody else but michael jackson, anybody else, would this doctor be here today? >> isn't that a good point? >> well, it is a very good point. but, thinking about it as i was coming in to the studio today when i heard that line i was think field goal it was not michael jackson, well who else

has had propofol administered to them in their house to help with sleep? nobody else. it's kind of -- i think even if it wasn't michael jackson, the doctor would be prosecute forward this because it's so unusual. even the defense expert testified he had never hear of it being used at home and that he wouldn't do it himself it would be a departure from good and accepted medical practice. but i think what you saw in the end here and i thought the most interesting thing it brought back a technical point in the case. the defense is focusing on the i.v. bottle and the set up of it. and the defense attorney, his next point on this was that one of michael jackson's guards gave totally inaccurate testimony about how that i.v. bottle was set up. >> that's correct. he's accusing that guard of making money on his changing story. >> exactly. he's saying, you know something, if that i.v. bottle was not set up that way it's impossible that michael jackson's death could

have been caused by dr. murray. michael jackson would have had to self-injected and murray would have known nothing about it and murray wouldn't have had to be in the room because he thought michael was safely asleep and that the medication event was over. so it's a really good technical defense that he's put up on the board in the course of his opening statement. so, there's something to debate about in the jury room. >> after you listen to boston these closing arguments on either side do you think the jury will make a quick decision? >> yes, do i. i still think that in the end this is a simple case from a fact the all standpoint and i think the jury in the end is going say why is murray administering propofol in a home setting in stead of an operating room. and the standard in california is if that constitutes a lack of due care and circumspection, very minor standard and it caused the death, then it's

manslaughter. remember this is not pulling the trigger intentional murder. this is an accidental murder caused by recklessness or gross negligence. it's an easier case to prove. so i still think fast verdict, but i'm not coming back on monday if i'm wrong. so, all right. >> we'll see. >> okay, carol. >> thanks as usual. christine. >> not to worry, people an asteroid about the size of an aircraft carrier is headed our way. nasa projected the asteroid's path and is predicting a close call next week. of course a close call in outer space means about 200,000 miles. if you're scoring at home that's closer than orbit of the moon around us. officials say there hasn't been an object that close to our planet in more than 30 days. >> 520 days, six astronaut, one successful but fake mission to mars. they were part of an experiment

meant to determine the challenges of space travellers by simulating a mission to mars for a year and a half. this crew worked together in tight spaces. they rarely showered and ate only canned food. they were only missing the weightlessness, radiation and oh, the interplanetary space flight. just another day on the job. >> still thinking about not taking a shower. >> 20 minutes after the hour. rob marciano is here. >> occupy wall street a year and a half from now. good morning. let's talk about a real mars mission. this one will be unmanned. cure -- curios the iy. a recover launched towards mars. this one will do it for real. for real here's a picture of our radar composite showing the heavy rain moving across parts of north carolina, southeastern virginia and through the

delmarva. this will continue off towards the east, little impact across the east. it will stay for the most part to the south. behind this system, cold air. same system that brought blizzard conditions across colorado and nebraska. temperatures dropping into the 20s and 30s as far south as the mexican border. freeze warnings posted this morning. cool and dry across the eastern third of the country. a couple of systems rolling into the pacific northwest, california. rain and dust. some delays likely in phoenix because of dust and low visibility. vegas same deal. maybe a shower in san francisco. guys, back to you. thanks, rob. coming up next, never in recorded history have america's young people been so challenged to find jobs. cnn going in depth on this country's unemployment generation. jerry, how are you doing?

fine, i just got a little fender bender. oh, jerry, i'm so sorry. i would love to help but remember, you dropped us last month. yeah, you know it's funny. it only took 15 minutes to sign up for that new auto insurance company but it's taken a lot longer to hear back. is your car up a pole again? [ crying ] i miss you, jessica! jerry, are you crying? no, i just, i bit my tongue. [ male announcer ] get to a better state. state farm.

welcome back. minding your business this morning. solid gains in u.s. markets yesterday after greece decided to scrap that vote on a critical bailout fund. right now u.s. futures trading slightly lower ahead of the opening bell. still quite volatile with everything going on in europe. everyone is waiting for the big october jobs report that comes out in about an hour. 102,000 jobs were anticipateded to the u.s. economy last month. the unemployment rate stayed steady at 9.1%. that is uncomfortably high. groupon upping the price for its ipo. how much? $20 per share. valuing the company at $13

billion. the shares start trading today on the nasdaq in under grpn. bogus weight loss claims costing two companies millions of dollars. the ftc is settling their case against this companies. if you're fed up with fees you can vent your frustration tomorrow. it's being called bank transfer day. a facebook group encouraging information ditch their big banks and a new survey say people are. more than 650,000 people have switched to credit unions since bank of america announced their new debit card fee that they scrapped under pressure from angry customers. thanksgiving just around the concern pap trade group says it looks like 37,000 fewer flyers per day around the holiday this year. flights will still be full so you should get going and book them before they are soumd. two big airlines are raising

round trip prices $10 this morning. for the very latest news about your money check out the all new money cnn.com. "american morning" will be right back after this quick break. where do you go to find a super business? you know, the ones who do such a super job, they're backed by the superguarantee®? only superpages®. wherever you are, wherever you're going, you'll find the super business you need. so next time, let the good guys save the day. get the superguarantee®, only at superpages®. in the book ... on your phone or online.

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it's so hard to find a job. >> a job that actually pace. darn near impossible. >> people just don't have much of a future to look forward to. they are becoming the unemployable generation. the young people losing hope of ever realizing their american dream on this "american morning". all right. it's 30 minutes fast hour. here are your top stories. the g-20 summit in france entering its final day with greece's future the global economy and your 401 k hanging in the balance. greek prime minister now backing off that plan to hold a vote on the eu bailout package. instead he's trying to get the opposition to back the plan while he fights to keep his job. cash-strapped ireland

announcing its closing its embassy to the vatican because of financial problems. irish officials denying it's because of deteriorating relations with the catholic church. ireland will be close their embassies to iran. >> jury deliberations set to begin this morning in the michael jackson death trial. powerful closing arguments by both sides yesterday. the prosecution reminding jurors that the trial isn't about michael jackson but about his children who will now grow up without a father. the defense arguing this trial isn't a reality show. more than 400,000 homes still without power in connecticut. six days after that freak snowstorm and it could take several more days to get everyone's power back online. state's attorney general is now calling for an investigation of connecticut light and power to find out why it's taking them so long to restore power. jetblue has started refunding hundreds of passengers who were strand on a tarmac in hartford for eight hours when

that big storm hit. those passengers are also getting a round trip voucher and a personal apology by phone from a jetblue customer service agent. >> that's nice. america's young people, they are growing desperate. for anyone between 16 to 24 years old it's never been harder to find work in this country. poppy harlow with more on america's unemployable generation. really? >> maybe. we don't know yet. i mean this is a troubling number when you look at it and i think it's something that hasn't gotten enough attention. as we participate for the jobs report this morning i want to look at young people in america, those between 16 and 24 because their unemployment rate is staggering. it's worse in other parts of the world. i talked to an economist who said we're selling this generation short and it's an absolute disaster. take a look. >> they want people with experience and of course, you know, being as young as we are there's no way we can have experience. >> that's a lot of the issues

that my friend are facing back home. it's just -- it's so hard to find a job. >> i've interned a lot. finding a job that pays, point. >> you make less and less and people are just don't have much of a future to look forward to. >> a future to look forward to. it's the promise of the american dream. but in this sluggish economy america's youth may be starting to lose hope. unemployment among 16 to 24 year olds has been higher in the last three years than during any time on record. this year over 17% of america's youth are jobless. even 2010 college graduates faced a record 9.1% unemployment when they finished school. but for those youth with only a high school diploma, unemployment is more than twice as high. it's part of what's driving this movement, the lack of a job for

young people. it gives them a reason and the time to occupy cities across the globe. it's not just an american problem. the world's largest developed economies have all seen sharp increases in youth unemployment since 2007 except for germany. if you look at the most troubled european nations the numbers are staggering. in 2002 unemployment for 16 to 24-year-olds in italy was 28%. 33% in greece. and over 41% in spain. but back here at home 16 to 24-year-olds make up 26% of the unemployed. what does it all mean? studies show being unemployed at a young age means several years of lower earnings and an increased likelihood of unemployment in the future. >> the last two times that i acquired jobs it took me two months of straight job

searching. >> i showed up and started working and one day after the show my boss just said, you're part of the team now. >> authors just a few of the examples of young people across the country struggling with this. one investor i spoke with yesterday said actually this is what keeps him up at night, the fear that this generation is going to go from unemployed to unemployable because the longer you're without a job the harder to get a job. if you don't that have skills how will you show the employer can you do it. eventually it all adds up to the situation where you've been out of work for so long that you're not going to ever make up what you've lost. >> wait a minute. we're talking in part about 16, 17-year-olds and 18-year-olds. you don't worry so much about them -- >> you think they are in school. >> they can stay at home with their parents. >> they can. these numbers don't count anyone that's in school. they only count people that are in the labor force actively looking for work. >> these are high school

dropouts. >> some are. it's between 16 and 24. some are college graduates that are out there looking for work. some are people that have a high school degree. if you don't have a high school degree in this country, your unemployment rate is 28.5%. >> that's depression level. so for those kids they are living in depression era kind of realities. one thing that is a positive and we don't know if it's a positive, we don't know if this is. when i talk to people at the big hr firms that advise people,000 integrate four generations at work they are excited about this generation because they don't know what they can do. this generation especially the ones that graduate from college. they don't know what they can do. they are wired for technology. they have new ideas. they are coming up in an era where there's a new technology and something new happening all the time. so they are a different kind of worker. >> doesn't necessity breed

innovation. >> i just think we don't talk about this number enough and it's actually a little bit better in the u.s. than it is in the european nation. we can address it and we have to. >> i was at a conference where one of the speakers said we're eating our young because we're talking about preserving social security benefits for the very generation that ran up america's debt and do that by taking away from young people that don't have an opportunity and that's a bigger discussion that needs to be had in this country about what priorities are. >> the big problem with that is so many people are living off of social security, only social security. so if you take those benefits away what's that going to do to the younger generation because somebody has to pay for them? >> that's right. when you're not creating jobs and the economy is not growing fast enough everyone hurts. >> it's leading to some of this anger and we're seeing it in occupy around the world. just ahead republican front-runner herman cain trying get his campaign back on track

in the face of sexual harassment allegations. how will the scandal impact his conservative base? i don't know. getting a lot of money in campaign donation. we'll talk about it. it's 37 minutes past the hour. it's true. you never forget your first subaru.

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plaque buildup... and if crestor is right for you. if you can't afford your medication, astrazeneca may be able to help. breaking news this morning. jon corzine is out as ceo of mf global. the investment firm that collapsed and lost track of customer's money. subpoenas could follow. jon corzine is the former new jersey governor. he was once trorn he was once the reported short list for treasury secretary. there which would be no golden parachute for him. he ran up the risk of this firm,

at the time very cheap european debt. the rest world other investors saw that got nervous. there was a run on this company. it's now bankrupt. 2800 people could be out of a job. >> this investigation is ongoing. $600 million in investor money is missing somehow. so if those allegations are proved true what could happen to him? >> that would be a very -- that could be a criminal situation. a criminal charge for people who run this company whether it was a mistake or whether it was on purpose but you cannot mix customer money to cover a company's losses for their proprietary trading desk. you can't do that. that's what they are investigating right now. >> let's talk about politics now. herman cain denies sexually harassing anyone. the allegations are not going away. one of his accusers may issue a statement later today through her lawyer who is trying to get the national restaurant association to waive a confidentiality agreement. the controversy may have

motivated cain's supporters. the gop front-runner raised more than $1 million this week alone. but can cain survive in the long run. joining us now, eric ericson. and in washington robert tranham. welcome to both of you. >> good morning. >> robert let's start with you. the campaign said they raised $1.2 million since these allegations came out. it almost seems like it doesn't matter. >> it does matter clearly because if in fact these allegations are true then obviously herman cain has a major problem. you're still innocent until proven guilty pap lot of folks believe in herman cain's message of 9-9-9. the electorate also are not happy with the choices presented to them and they are attracted to herman cain. there's also another element to this. a lot of people out there still

remember clarence thomas. they still remember how wrong he was in the national press and how he was fried in the national press. there's a lot of similarities between a black conservative that is maligned through the press and i think a lot of people are resonating that. >> eric, talk about that too because you know a lot about cain's grassroots conservative base. what are they telling you about this scandal? >> as the week has gone on people are disappointing with how the campaign has handled it and there's a growing sense that the campaign could have nipped it in the bud earlier. if you take herman cain's statement he told this advisor for rick perry, then they've known since 2003 that there was something there. look, there was a surge of campaign donation. this very typical across the board regardless of party. when a scandal hits, the candidates' base rallies to the candidate. unfortunately, when the candidate then something comes out and it looks like the victim

may be real what generally see is a backlash from the supporters. the cain campaign has to tread very carefully. >> robert another question to you one of cain's arguments is that these anonymous women don't have proof. listen to what cain said yesterday to sean hannity on the radio. >> when you look at the facts, and you look at the fact that "politico" doesn't have any documentation. they've never talked to these women who are anonymous. i didn't know there were so many women named anonymous in america. >> but the women keep coming forward. one of the women, one of his accusers, supposedly will release a statement later today. isn't it in cain's best interest to say hey national restaurant association release the facts and let everyone know i'm innocent. >> one would make that argument yes and herman cain could say

that. another thing he could say i want to hold a press conference and get my side of the story out there and look it's always about the cover-up it's never about the crime per se. to eric's point what the cain campaign is sloppy doing is being consistent with whatever the truth may be. the problem here is the cain campaign has shifted from blaming rick perry to blaming the press to now blaming the victims and so forth and that's where the inconsistencies are. people are raising their eyebrows, what's the truth so i can better under your position, mr. cain. >> eric, i want to pose this question to you. there's this in-fighting thing going on. herman cain accused rick perry's camp of leaking this information to "politico". john king spoke with rick perry yesterday and perry denied it. listen to what he said. >> we found bout this the same time that i suppose the rest of america found out about it. both on the internet or next day in the news.

so, you know, i don't know how to tell any other way except knew nothing about it, sir. >> so, i mean it is to be mistake that herman cain is pointing his finger at everyone when he doesn't really seem -- >> it's a real problem for him to be casting blame. to say it was the perry campaign where in the past several past weeks we are not convinced perry can't walk and chew gum for them to pull this off defies credibility. there's some anomosity between cain and perry. we're still hanging out there waiting for the victims to dpormd. if it's an anonymous statement it doesn't hurt kahn. if one of these women get in front of the camera and they

have a legitimate plausible story that's sympathetic this blame dame and waffling and changing of stories will have a negative impact. >> perhaps if it were me i wouldn't go to the national restaurant association and say release the settlement. people interpret things in different ways. >> i was going say, it's one thing if it was one isolated incident. one settlement. this person made an accusation. the national restaurant association paid for her to go away. it's not one it's two possibly even three and the inconsistencies where people are raising their eyebrows. >> we'll see what happens next. eric and robert thanks. >> 37.7 billion dollars. here's a hint. it's the cost of all those hours you sit around waiting for who? it's 48 minutes after the hour.

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slightly lower ahead of the opening bell. everyone is waiting for that big jobs report that comes out in about 45 minutes. the greek debt crisis front and center at the g-20 summit in france. the economy and your retirement all on the line. put a bailout package to a vote to his people, instead, trying to rally support to the plan from the opposition, while at the same time trying to keep his own job. jury deliberations begin today in michael jackson trial. dr. conrad murray is charged with giving jackson a lethal dose of propofol. nba players and players association will resume talks tomorrow. the first talks in eight days. the league has already canceled regular season games through the end of the month. nbc pl nba players have been locked out now since july. "american morning" is back right after the break.

waiting is the hardest part. romans' numeral the number is $37.7 billion, carol. >> what is it? >> the price tag for all the time waiting for any type of in-home service technician. oh, yeah, i'll be there between 2:00 and 5:00. it is the equivalent of every single working american losing two full days of work a year. who keeps you waiting the longest? the cable guy. point of punctuality for online

grocery store delivery people. they don't make you wait. >> if you need something fixed, why don't they have their technicians work after 5:00 p.m. when most people are coming home from work? >> whey don't they just come when they say they're going to come. it drives me nuts. $38 billion. there you go. when your child wrbreaks a bone or needs surgery, they could suffer more than they have to. many kids are still in pain months after surgeries. why? elizabeth cohen joins us with the answer. why? >> why, i know. it really does sound crazy, doesn't it? 13% of children in this recent study had pain that lingered for months after an appendectomy or other types of surgeries and this is not the only study. other studies found that when a child breaks their leg and goes to the e.r. many of those children are not properly medicated when they come home and what researchers told me is that they think that doctors are

hesitant to give children really strong pain medication like let's say oxy cotton or percocet because they're afraid the pirnts parents will overdose them somehow. you have to explain to parent to do it right and the child will be fine and they will not get addicted. so, a lot of concern that kids are unnecessarily in pain. >> we know that america does a very good job of using pain medication correctly because we don't, but that's beside the point. what can parents do? >> well, parent really need to be empowered patients and be advocates for their children. probably never a better time to do that. when you're discharged from the hospital after something like a surgery or visit to the e.r. for a broken bone, ask the doctor about pain medications at home, especially if they were medicated at the hospital, then chances are they need to be medicated when they get home in a couple of hours. also ask when to give the medications and sometimes it will say every four hours. you can ask, does it have to be every four hours? should i give it to them before

they try to walk? ask a few questions. consider other ways to address the pain. pain medication is not the be all and end all. you can take it and also learn diversion tactics like play muse frequent your child and other things that can help. for more ideas, go to cnn.com/empoweredpatient. we have a long list of things to do to make sure your child is not in pain. >> some kids are pretty stoic and you don't always know they are in pain. >> i was actually surprised to learn that because i thought all kids would cry or scream when they're in pain, but these doctors tell me, that's not true. some kids, especially if you're in a culture where stoism is highly valued, they will pick up on that and maybe get quiet or withdrawn or younger children won't want to eat and that's a sign. parents need to look for or the than screaming and crying. >> i would have a hard time giving my kid those powerful pain medications. that's really scary stuff, you know. >> christine, i'm glad you

brought that up. that's exactly what i said as a mom to these researchers and they said, look, we worry of oxycontin being taken over a week or a month but three days after, they're not going to get addicted. i heard this over and over again. you don't need to worry about three days of percocet cotton. you don't want your kid to be in pain. >> a part of me said, i wouldn't even want to take those drugs. i wouldn't want to take the chance, but if your little guy or girl, i would understand. elizabeth cohen, thanks. top stories coming your way next, including new developments from cnn from the g-20 summit in france. what about greece, you ask. we'll tell you. it's three minutes until the top of the hour. there's a big reason to lower your high cholesterol...

dangerous plaque that can build 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. ask your doctor about high cholesterol... plaque buildup... and if crestor is right for you. if you can't afford your medication, astrazeneca may be able to help.

i'm carol costello. secretly videotaped whipping his daughter with a belt. the brutal beating by a texas judge triggered online outrage, but he will not be subject to any justice. greece on the edge. i'm christine romans. scrambling to avoid defaulting a scenario that could send a global economy into a tail spin and what about the u.s.? a critical jobs report about to be released on this "american morning." good morning to you, happy

friday, it is november 4th. ali velshi is at the g-20 summit in france. we'll take you to cannes in just a moment. jon corzine is out as ceo of mf global. the firm lost track of $600,000 in customer money. corzine, former ceo of goldman sachs was once on the reported short list for treasury secretary. he will not seek a severance, according to the statement. of course, he is a very, very wealthy man from all those years on wall street. >> what did you say, he's worth $500 million. >> there will be no severance there, but he's out at mf global and numerous federal investigations into what happened there. new developments, too, to tell you about concerning that texas judge that was secretly videotaped beating his teenage daughter back in 2004. warn you, again, these pictures are difficult to watch. turn away if you don't want to see it. here it is, judge william adams

seen whipping his daughter, hillary, repeatedly with a belt after discovering she downloaded music on the internet. he will not face criminal charges because the statute of limitations has passed. >> so, joining us now to talk about this case paul callan. paul, yesterday, hillary adams the girl that was beaten on the youtube video she spoke to anderson cooper about what she endured. let's listen to that fst. >> the bruises were the worst i had ever had. i had had other lashings like that, but this one produced the most bruising. the next day it was all up and down my legs and he'd also hit my arms when he couldn't get to my legs. >> so, paul, paul, the statute of limitations is up, he can't be criminally charged for this. >> this is so disturbing. yes, the statute of limitations is gone in texas. he was facing two possible charges, child endangerment and assault charges. and this thing happened six years ago.

and because of the low level of the -- it would probably be a misdemeanor assault or low-level assault because she wasn't hospitalized and didn't have a serious physical injury, hence the statute is less than six years, he cannot be criminally prosecuted. >> but he still is a family court judge and they're still investigating him, you know, whether or not he can be removed from the bench. what sort of process does that involve? >> well, two things going on. there's a texas judicial commission and that commission can investigate him and remove him from the bench for misconduct and this really is criminal misconduct and the statute of limitations doesn't matter with respect to that investigation. the voters of texas can also have their say. judges in texas are elected and i have to think, even if you support spanking or corporal punishment in limited circumstances, this was a brutal beating. i mean, at the beginning of that tape, he's talking about whipping her on the face, if she

doesn't turn around and the thing goes on for six minutes. it's an act of other and complete brutality. >> he could lose his job. this panel has the ability to look at things that happened outside of his job and decide if whether he was fit to be a judge. he could still lose his job here. >> yes, he could. when a judicial misconduct commission investigates, one of the things they're concerned about is the public reputation of the judiciary and they're also concerned about criminal acts, even if they're not prosecuted. so, here they're going to look at him and say, this is an assault. the only reason you're beating it is the statute of limitations. i would be stunned and shocked if texas doesn't tell him to take a hike. he certainly does not belong on the bench in any state. >> paul callan, many thanks. >> okay. the fate of dr. conrad murray now rests with the jury. deliberations set to begin later this morning this after powerful and emotional closing arguments. the prosecution reminding jurors that the trial isn't just about michael jackson, but about his

children who will now grow up without a father. the defense arguing the trial is not a reality show. casey wian covering the trial for us live in los angeles this morning. good morning, casey. >> good morning, carol. you know, this trial has gone on for six weeks. jurors have heard 49 different witnesses testify in this case and now later this morning, they're finally going to get an opportunity to begin deliberations. yesterday as you mentioned, both sides, prosecutors and the defense delivering their closing arguments. starting off with the prosecution's closing argument, a very, very, very powerful speech by prosecutor david walgren. he's said and reit grated that dr. conrad murray was criminally negligent for michael jackson's death basically because he administered that powerful anesthetic propofol outside a hospital setting in michael jackson's bedroom. then he says that dr. conrad murray covered up evidence of

that alleged crime. the defense, of course, has a very different theory of this case. the defense basically blaming michael jackson for causing his own death. >> the fact that conrad murray would not tell the paramedics that he administered propofol and had been administering propofol for over two months, that is conrad murray knowing full well what caused michael's death. that is conrad murray not putting the patient first. that is conrad murray putting conrad murray first. >> what they're really asking you to do, just say it. what they're really asking you to do is to convict dr. murray for the actions of michael jackson. >> now, there was actually some areas of agreement between the two sides on this case. both sides agree that there was negligence on the part of dr.

conrad murray. the question the jurors are going to have to answer is whether that negligence was criminal. and perhaps one of the most powerful cases that was made by the prosecutor in his closing statement, he says that michael jackson was subject to what amounted to an obscene pharmaceutical experiment conducted by dr. conrad murray. carol? >> see what happens later today. casey wian, live in los angeles, thanks. we could hear as early as today from one of the woman who accused herman cain of sexual harassment when she worked for him at the national restaurant association back in the 1990s. her attorney is trying to get the nra to waive a confidentiality agreement so she can issue a statement. cain, for his part, calls the allegations fabricated and baseless and says he won't let them get in the way of his campaign. that's music to his supporter's ears because the cain campaign has raised $1.2 million this week since the allegations surfaced on sunday. cain is blaming rick perry for leaking details at the

central harassment complaints against him. in an exclusive interview with john king, the texas governor, he said his people have nothing to do with it. >> i want to start with what's driving the news right now, which is the cain campaign and the candidate himself say that you and your campaign owe him an apology. do you? >> no apology needed. we found out about this, i suppose, the rest of america found out about it. both on the internet or the next day in the news. so, you know, i don't know how to tell any other way except knew nothing about it, sir. >> i don't want to dwell on this. if you found out somebody in your campaign did something like this, would you fire them? >> out the door. >> he would, indeed, fire them. governor perry also talked about the rather animated speech he gave to supporters in new hampshire. perry said he had not been drinking alcohol or taking any sort of medication and he told john king if he had the chance to deliver it, again, he would

give the speech in exactly the same way. >> all right, breaking news now from athens. greek officials announcing a public referendum on the eu bailout deal, next month is off. right now prime minister george papandreou is trying to support it while he holds on to his job. ali velshi joins us live now from cannes, france. what is threat laest? >> we have coverage all over europe and we have people in athens, our colleague in athens has just reported what you said. the greek finance minister has informed the commission that the referendum is off. now, that's not the end of the treveils here at the g-20 because there is going to be a confidence vote with papond papondreou's government tonight. a big sigh of relief here in cannes that that referendum is off. the attention now will shift to italy where we know there is

growing concerns about italian debt and whether it can get it under control. like the debt debate in the united states, christine, this has done the eu some damage. they were here this weekend in cannes to try and get other countries that are looking for places to invest, places like india as a viable and safe investment. what has happened over the last few days with this discussion of a referendum has thrown that all into disarray. it still has done some damage. but as of right now, something we have been trying to get clarity on for the last 24 hours is finally clear. the greeks have told the european union there will be no referendum. this should have an effect on markets globally and should start to look more positive for people and their 401(k)s today, christine? >> we have a jobs report in 20 minutes, that could be a big driver too. so interesting because a week ago we were talk ugbout the eu bailout deal would work or whether it would happen. a big setback for europe, no question. still ahead, are more job seekers getting hired? if not, what are we going to do

about it? they do not mess around in brazil. incredible video as a pair of police officers stop some smugglers by speeding their patrol car down a makeshift runway and ramming an airplane. plus, jay -z is such a polarizing figure in hip-hop and business. sun life financialrating should be famous.d bad, we're working on it. so you're seriously proposing we change our name to sun life valley. do we still get to go skiing? sooner or later, you'll know our name. sun life financial.

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good morning, atlanta. it is cloudy and 46 degrees. sunny and 64. this is a wild ride. police officers in buzil hunt down a group of smugglers.

looks like a chase scene from a movie. stopped a small plane by ramming their car right into the wing. five accused smugglers were arrested. the plane packed with $200,000 in stolen electronics. >> it's got to be the shoes. a man flips over a car and it's driving right toward him. check it out. 22-year-old aaron evans by milwaukee. he was inspired by bruce lee. he is doing this for the guinness book of world record. he's jumping his way, christine, into international fame. >> oh, his mother is having a heart attack. >> imagine being the person driving the car because i would be afraid i would run over him. >> rob marciano is in the extreme weather center, rob does this, but on a snowboard. >> and little kids flying at me. trying to avoid them. good morning, guys. hey, storm system that brought the snow to colorado to nebraska, to wyoming to kansas and blizzard conditions at times is now heading towards the coastline of north carolina.

we've seen heavier rain with this and kind of stretching up towards virginia, but moving fairly rapidly. you see the circulation around this and stay mostly to the south of new york city, but create some winds and some beach erosion at times over the weekend across the east coast. but once this is through, really, everybody east of the mississippi will see a pretty nice weekend. but, it will be cold, especially in the morning. temperatures this morning and maybe tomorrow morning, as well. dipping down into the 20s across parts of texas, freeze warnings are out as far south as the mexican border. but, rebounding to 65 degrees in dallas today. 63 in atlanta and 52 degrees expected in new york city. as far as what's cooking out west, we have a couple of storm systems that are rolling into the pacific northwest and even southern california with this, not only some rain, but some wind, as well. we'll probably see some winds kicking up some dust across parts of arizona and new mexico and in through the four corners, as well. up to 50 miles per hour and that may spawn some travel delays. also, don't forget to fall back this weekend. we gain an hour of sleep

saturday night into sunday morning. speaking of the west coast, check out this video. imagine if you're in santa cruz just off the shoreline there on your kayak or your surf board just kind of waiting for -- whales? oh, come on. two huge hump back whales just breaching out there trying to get some small fish. you see the seagulls going after the leftovers there. >> or maybe a kayak or two. >> those kayakers and the woman on the surf board who kind of got behind the kayaker are looking for whales. this is what people have been doing out in that area. >> my first inclination would be, oh, that's so cool and then my second inclination, oh, god. >> how terrifying would that be? students at georgetown are cracking open the books on a brand-new course featuring the musical stylings of jay-z. the course exam is the sociology of hip-hop through the life and work of one of america's most

famous artist. professor and artist professor eric dyson plans to tackle lauryn hill and the roots for future courses. >> upon further review -- ♪ the nfl fans want no part of nickelback performing at half-time at thanksgiving day. 10,000 fans signed an online petition saying the league should reconsider having canadian rockers headline turkey day with the packers. they ask, this game is nationally televised. do we really want the rest of the u.s. to associate detroit with nickelback? >> it was detroit lions fans that started this petition. >> because they're canadiacanad. >> but kid rock lives in michigan, bob seger lives in michigan. >> eminem. >> eminem lives in michigan and they're getting a canadian rock band. >> madonna is from michigan.

>> she's from michigan, but doesn't live in michigan. >> wow, these guys are full of information about music. thanks, guys. >> i hope the detroit lions fans win. a tradition at joun brown university when the golden eagles score their first points at their first home game the fans cover the court with toilet paper and, boy, do they do a good job. isn't that impressive? i bet it is quite the cleanup job. they have been tp'ing the first home game. which one of drinks you apparently cannot live without. it's 19 minutes after the hour. [ male announcer ] it's true... consumers er wanchai ferry orange chicken... over p.f. chang's home menu orange chicken women men and uh pandas... elbows mmm [ male announcer ] wanchai ferry, try it yourself. we asked total strangers to watch it for us.

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welcome back, 23 minutes past the hour. watching your money this morning. the big october jobs report comes out in just a few minutes. 142,000 jobs were added to the economy last month. they think the unemployment rate stayed steady at that uncomfortably high 9.1%. investors waiting for news from europe on greece, the bailout and developments from that g-20 summit. of course, the big job's report, too. just a lot going on expect some volatility this morning. former new jersey governor and golden sacks ceo jon corzine is out after the company collapsed from risky debt. regulators say the company lost $600 million of customer money. the company says corzine will not get a golden parachute. he will not seek a severance, of course, he doesn't need it. he has millions of dollars from

his years on wall street. groupen upping the price r for. shares start trading today on the nasdaq under the ticker symbol grpn. starbucks making a killing this past quarter. profits jumped 35% earning 358 million bucks. skinny vanilla latte is the chain's most popular drink. the october job report, are the massive waves of layoffs over? where are we looking for signs of life in this economy and how do recent college graduates feel. their thoughts as they leave term papers and jobs behind. it's 24 minutes after the hour. "american morning" back right after the break. people really love snapshot from progressive, but don't just listen to me.

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we're going to head on into the interview. evan, sandy . . . evan .. what pushed you toward the explorer? it was less expensive. better technology inside. there was stuff that we have in our car that i didn't even know existed. how does your music gear fit in there? it fits perfectly. i mean, i got a keyboard, acoustic guitar, merchandise, cds to sell and it all just fits like a nice game of tetris. what would you say to a friend who's skeptical about buying a ford. do you want to borrow my keys.

kind of chilly outside for the "occupy wall street" protesters. it is 50 degrees right now and a lot of those young people camping out are unemployed and, for anyone between the ages of 16 and 24 years old, it has never been harder to find a job in this country. poppy harlow in depth with more on america's unemployable generation. boy, that phrase sounds scary. >> we don't know if it's that yet, but it's a very important thing to point out. as you said, harder to find work for young people in america than it has ever been before. depression levels for some of these young folks. the fear is the young people in this country that are now unemployed will be unemployable because they're out of work for so long. one economist that i talked to said it is a desperate situation and another investor i talked to

said, youth unemployment is what keeps him up at night. it is his biggest concern about the u.s. economy right now. before we get the jobs number in just a few minutes, we wanted to go in depth and look at the youth unemployment crisis in america. take a look. >> they want people with experience and, of course, you know, being as young as we are, there's no way we can have experience. >> that's a lot of the issues nat a lot of my friends are facing back home. it's just, it's so hard to find a job. >> i've interned a lot, never an issue finding an internship. but finding a job that pays, impossible. >> you make less and less and i think people just don't have much of a future to look forward to. >> reporter: a future to look forward to. the promise of the american dream. but in this sluggish economy, america's youth may be starting to lose hope. unemployment among 16 to 24 year olds has been higher in the last three years than during any time on record.

this year, over 17% of america's youth are jobless. even 2010 college graduates faced a record 9.1% unemployment when they finished school. but for those youth with only a high school diploma, unementployment is more than twice as high. >> it's part of what is driving this movement. the lack of a job for young people. it gives them a reason and the time to occupy cities across the globe. it's not just an american problem. the world's largest developed economies have all seen sharp increases in youth unemployment since 2007, except for germany. if you look at the most troubled european nation, the numbers are staggering. in 2010, unemployment for 16 to 24 year olds in italy was 28%. 33% in greece and over 41% in spain. but back here at home, 16 to 24

year olds make up 26% of the unemployed. what does it all mean? studies show that being unemployed at a young age means several years of lower earnings and an increased likelihood of unemployment in the future. >> the last two times that i acquired jobs, it took me two months of straight job searching. >> they just showed up and i started working and one day after the show my boss just said, you know, you're part of the team now. >> just a few of the voices i got some tweets from folks yesterday. one guy told me, i graduated from college in may and i still don't have a job. that's a big concern. it's important to point out when you look at the unemployment rate of the youth in america, it does not count people in school and it does not count people who are not looking for work. this is a troubling number and you think, oh, it's because they're in school. it's not. only includes people in the labor force looking for work. here's something important, if

you think it's not important to have a degree because college educated people face high unemployment right now. you're wrong. 28.5% unemployment. that is the rate for unemployment for people without a degree. >> i know you're more likely to find a job if you have a college education, let's say. companies are looking for skilled workers and people who graduate from high school don't have those skills. those jobs are unavailable to them, which adds to the unemployment rate. >> it's very, very true. let's take caterpillar, for example. a huge company that makes heavy machinery. they do very well. they made a lot of money and i talked to their ceo last week and have ton of open positions and i can't find the people with the skills that need them. they need engineers. engineers, programmers. one other person in business told me engineers are the new currency. i never learned engineering in high school and college and i didn't go after that degree, what are we teaching our children? should we change the way we

teach people and give them the hands-on skills from a young age. >> hey, the jobs report is coming up and christine has been monitoring this, let's go to her. >> all right, the labor department report on jobs in october is out. 80,000 jobs were added to the economy in october, that's less than expected but the unemployment rate fell a little bit to 9% down from 9.1% from september. a couple of revisions to tell you about. you know, every time we get a look at this, we can see what happened in the months prior, as well. and you can see that august was a lot better than we thought. august was more like this. 104,000 jobs created, instead of 57. so, august was better and september was a lot better. we thought that there was, you know, 103,000 jobs created last time. it was really more like 158,000 and then, of course, this one was a little bit more disappointing. you can see things were better late in the summer. the reason why you have the jobless rate falling a little bit, even as the number of jobs was a little less and bullish

than expected is because you might have had some different noise in those surveys there. but 9% is still definitely too high. you have underemployment in this country, still, at 16.2%. those are people who are working, maybe they don't have a job or they're working part-time but like to be working fulltime and they're not working to their potential. 16.2%, also still too high but down a little bit. when you look at private sector hiring. how many times have you heard me talk about that? private companies are creating jobs on better than the government. 104,000 private sector jobs created, but the government lost 24,000 jobs. overall, this is showing still, i think, that we are not in a double dip recession. we averted that somehow in the summer but not good enough to absorb all those people who are looking for jobs. there you go. 80,000 jobs created in the month, 9% unemployment and a couple of revisions late in the

summer there that you can see showing that there was a little more job creation in august and september than we thought. so, up next, what do we need to do to create more jobs? we'll talk to two of the best minds in the business world. it's about 35 minutes after the hour. [ daniel ] my name is daniel northcutt. [ jennifer ] and i'm jennifer northcutt. opening a restaurant is utterly terrifying. we lost well over half of our funding when everything took a big dip. i don't think anyone would open up a restaurant if they knew what that moment is like. ♪ day 1, everything happened at once. ♪ i don't know how long that day was. we went home and let it sink in what we had just done. [ laughs ] ♪ word of mouth is everything, and word of mouth today is online. it all goes back to the mom and pop business founded within a family. ♪ when i found out i was pregnant, daniel was working on our second location. everyone will find out soon enough i think that something's happening.

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welcome back to "american morning." the greek debt crisis threatening the global economy. we're just finding out that the u.s. economy added about 80,000 jobs in october, a disappointing number with the unemployment rate dipping only slightly to 9%. we want to bring in two guests to give us some perspective on the economic recovery here and whether we're in jeopardy of slipping back into a recession because of a weak jobs market and because of what's happening on the financial system in europe. ian bremer joins us live from the new york stock exchange. and from washington, jay powell a visiting scholar and former treasury under secretary in president george bush sr.'s administration. your assessment of these numbers here. essentially, 80,000 jobs created a year after a year of month

after month of creating some jobs. 9% unemployment rate. this recovery is just not exciting, is it? >> no, it's very much of a sideways recovery. we need to be creating jobs in the 150,000, 250,000 level, as is typical coming out of a recession to be reducing the unemployment rate materially. this is consistent with continued frustratingly moderate growth. it is not consistent with a recession. so, it's just more of the same. >> ian, do you agree it's not consistent with the recession. i think a lot of people think something happened the last few month of the summer and we averted a double dip. that stability, at least, then the question about europe that has people very concerned that these very hard one gains in the economy might be temporary. >> we did avert a double dip in the united states from a top down perspective and the american multi-nationals and the equity markets are reflecting that. doesn't mean that a lot of people on the streets are able

to find employment. a lot of corporate ceos have cash on the sidelines and they're concerned about the world environment and concerned about europe. the likelihood that europe is going into recession is going up. it has gone dramatically up and continues to. there's no nearterm fix and it's very clear that the europeans are incapable of providing all of the money that is needed to make the market satisfied and in the short term and meanwhile we'll continue to see enormous downward pressure. the banking system is very vulnerable and until we see a workout of europe, you'll continue to see a lot of cash sitting on the sidelines and those concerns of a double dip recession in europe that could have some spillover effect into the united states. >> there are those who have said that right now george papandreou and what happens in europe has more to do with creating jobs in this country than what our own congress is doing because of the lack of confidence in companies and being able to hire. they're keeping all that money on the sidelines.

jay, would you agree with that assessment? >> they're not creating a lot of job in -- we need a return to confidence. i agree with ian that the european situation will hang over our economy and our markets until it's resolved and there's nothing in the current resolution that suggests this is a stable equilibrium and this problems looks like it will go on and on and we haven't seen the bottom yet. >> one thing, ian, about the domino effect of what's happening in europe is thought we don't even know all the ways the dominos can fall. a lot of people asking about what kind of insurance and credit default swaps and what kind of complicated insurance policies there are for some of these banks against a default in greece and the pressure on other countries and investors in other countries and the rising interest rates right now in italy. i mean, the whole mix is still pretty unattorney. >> it is. certainly the reason why

american banks are so vulnerable now is not just about the economy and not just about mortgages but their exposure to europe. there is not a european fix for the banking system. that will have to happen on a country-by-country basis. the french government is going to nationalize and they'll make sort of any debtors whole. but that's very, very different from what might happen in italy if the banks crumble and, as a consequence, you have, you know, i wouldn't say you have panic, but you have this desire not to take significant risk. if congress is not going to take much action and strucktually so many of the u.s. jobs have gone away because of decades of globalization, you'll continue to see very high unemployment rates in this country. that doesn't mean a recession in the united states, but it's impossible to imagine that you're going to see structural improvements give on the global environment right now. >> these numbers 16.2% is the underemployment rate which means

that's an economy. 16% not working up to its potential, something the fed chief and many others have said is concerning and just the long-term unemployment doesn't seem to be showing signs of turning around. ian bremer, jay powell, thanks so much. nice to see you this morning. 80,000 jobs created in the month of october and 9% is the unementployment rate. morning headlines next, it's 43 minutes after the hour. you got a weather balloon with points? yes, i did. [ man ] points i could use for just about anything. ♪ keep on going in this direction. take this bridge over here. there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] write your story with the citi thankyou premier card, with no point caps, and points that don't expire. get started at thankyoucard.citi.com.

44 minutes past the hour. the labor department is out and it says 80,000 jobs were added to the economy in october. that's less than expected and the unemployment rate fell from 9.1% to 9%. right now u.s. stock futures are trading lower ahead of the opening bell. investors still digesting that fresh jobs report, but also waiting for news from europe on the greece bailout and developments from the g-20 summit. brand-new this hour, it is official, the greek financial minister saying there will not be a popular vote on the eu bailout deal to save the economy. there you go, investors. the greek dominating the summit in france. that's under way right now. jon corzine resigning as ceo of the investment firm mf global this morning. the firm collapsed and allegedly lost track of $600 million in customer money. more than 400,000 electric customers in connecticut still don't have power this morning. six days after a freak snow

storm. and they may not have electricity until monday. the state's attorney general now launching an investigation into why it's taking so long p. jetblue refunding hundreds of passengers who sat stranded on a tarmac in hartford up to eight hours after the storm hit. they're getting apology calls and round trip vouchers for a future flight. jury deliberations in the trial of dr. conrad murray. he faces four years in prison if convicted. nba owners and the players' association will resume talks tomorrow on a new collective bargaining agreement. they're in the first day of talks in eight days. nba players have now been locked out since july. the world's favorite superspy is back. daniel craig will return to the big screen in 007 in the newest james bond flick. he will play the villain. it's the 23rd installment of the

series. if will be titled "skyfall." that's the news you need to know to start your day. "american morning" back after a break.

we like to keep showing you pictures of atlanta because it's so darn beautiful, right? >> 64 later, it's 44 and cloudy right now. >> still pretty darn nice. in am house call we all know that being a couch potato is not good for you, certainly not for your waistline, but might be much worse than you think. a new study suggests that too much couch time can actually cause cancer. the american institute for cancer research links increased inactivity to higher rates of cancer, this even affects people

who exercise regularly. 100,000 new cases of breast and colon cancer can be linked to physical inactivity. the institute recommends taking frequent breaks from sitting every 60 minutes. get up and move. keith urban scheduled for throat surgery this month. the country singer has been forced to postpone a number of shows. doctors will remove a polyp on his vocal cords. but he is expected to perform at the country music awards next week. he is nominated for nart inner and male vocalist of the year award. scientists warning about a new bug that arrived in the united states from asia. it invaded the south and swarms around anything that is light colored. more alarming, it loves one of the country's most profitable crops, which could be devastating for farmers and one more thing, there's no way to stop it from spreading. cnn's martin savidge has a closer look. >> reporter: they will crawl on your hand. they'll cling to your clothes.

they'll even land on a lens. the kudzu bug, it's out of control. were you surprised at how quickly it seems to have spread? >> oh, amazed. >> reporter: wane gardner has been studying the bug. in just two years it went from a single insect to an infestation. in 2009 you find a couple of bugs, some of the bugs. by 2011, how much of georgia has this bug? >> almost all of the counties. >> reporter: kudzu bugs are also now in alabama, south and north carolina and even virginia. the name comes from what the kudzu bug loves to eat, kudzu the vine that smothers the south growing up to a foot a day. experts say in areas where there are kudzu bugs kudzu is down 30%. >> having a bug eat on kudzu is not a bad thing, but -- >> reporter: but --? >> it is a lagoegume.

>> reporter: he has seen his harvests drop 15%. some say he's lucky. >> we observed 24% to 27% field laus. that's significant. >> reporter: it was discovered not that far from here, outside of atlanta. scientists aren't exactly sure how the bug got here, but one theory is -- remember, atlanta is home to the world's busiest airport. that's how scientists think the bug got here and it's still hopping flights. so, this is up in minnesota. >> yes. >> reporter: the kudzu bug hitched a ride on an airplane. >> yes. >> reporter: when not flying the kudzu bug is hitching rides on cars at airports. how far do you think they can go in this country? >> that's a loaded question, i

don't know. >> reporter: in fact, no one really knows. and since the kudzu bug has no natural known predators in this country, there's not much out there stopping it. martin savage, cnn, albert county, georgia. >> they love soybeans. bean farmers in the midwest are just freaking out. >> we said that at the same time. here's something you just must see. check out the smart butcher. not your typical vending machine. instead of chips and candy, it offers meat. ribeyes, sirloins. the customers at this alabama convenience store come back for more. >> we thought it was interesting and we came down here last weekend twice and bought out of the machine and the steaks were like as if you would have got them out of the restaurant. >> the owner of the convenience store says after one week the smart butcher is selling up to 20 pieces of meat a day. >> okay, i've got to try it.

i have to go to a state where one of those babies, that's amazing. it's 52 minutes past the hour, we'll be back. ♪ ♪ ♪ ♪ [ male announcer ] the peace of mind of owning a 2011 iihs top safety pick. the all-new volkswagen passat. the new spark card from capital one. spark miles gives me the most rewards of any small business credit card. the spark card earns double miles... so we really had to up our game. with spark, the boss earns double miles on every purchase, every day. that's setting the bar pretty high. owning my own business has never been more rewarding. coming through! [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles

or 2% cash back on every purchase, every day. what's in your wallet? delivering mail, medicine and packages. yet they're closing thousands of offices, slashing service, and want to lay off over 100,000 workers. the postal service is recording financial losses, but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains 5 billion a year from post-office revenue while the postal service is forced to overpay billions more into federal accounts.

congress created this problem, and congress can fix it.

good morning, washington. going to be sunny later. welcome back to "american morning." some things women just do better than men and that's the idea behind a new military initiative that has women joining the elite special forces team traditionally reserved for men only. pentagon correspondent barbara starr with america's new gi janes. >> reporter: elite special forces training to assault compounds, many are headed to afghanistan. these troops have a new weapon. for the first time, women are joining elite commando units.

going on raids into compounds and even living in villages. their job, to do what the men cannot. deal directly with afghan women and children. for the first time ever on television, cnn was given access to their rigorous training. >> they got a bunch of strong, capable women that can take any challenge that is thrown at us. >> reporter: captain emmy laughingly laughs comparisons to g.i. jane. >> we're not shaving our heads any time soon. >> reporter: only half the women that apply are accepted. >> these women are a cut above the rest of the army. >> reporter: but even as they train here at ft. bragg, the women know there are skeptics. >> definitely going to be prepared to pull our weight and be part of the team. >> reporter: it is training both brain and brawn. they move hundreds of pounds of weight, run an obstacle course and work as a team to solve problems.

it's politically delicate. women are not allowed to serve in frontline combat units, so these women, heavily armed, will only go into compounds after they are secured by assault teams. >> the women that are on raids, they're not deliberately part of the direct action raid. they are there to help mitigate following the raid. >> reporter: it's an effort to ease resentment afghans feel when troops raid their villages. for women, it means offering help to villagers, but still also searching afghan women for weapons. >> being sort of acknowledged that women can operate at this level. >> reporter: new recruits know the danger. there is no true front line. just last month, team member first lieutenant ashley white and two male soldiers were killed during what the army described as combat operations in afghanistan. the first death of a team member has made the program so

sensitive, no senior army special operations commander would talk to us on camera. the women did. sergeant christine baldwin is just back from afghanistan. >> this is a program that is going to keep going on. it's a need that needs to be met over there right now. >> reporter: this is the first time women have been selected to join a unit because they are women. but the question remains, will it be too risky for women to be in the field with special operations forces. barbara starr, cnn, ft. bragg, north carolina. >> somehow i don't think it will. it is only a matter of time before women serve on the front lines and in many cases in iraq and afghanistan, women are already involved in combat situations. you know, just technically they're not allowed to take part in certain aspects of fighting, but, i think it's only a matter of time. >> ten years of war later finding out new ways that we're fighting wars,