disbelieve and shock at penn state, anger explodes into mob aggression overnight. hundreds of students take to the streets ticked off over the ouster of legendary coach joe pater paterno. you can see in this video how this crowd of students flipped over a news van. police in riot gear clutching canster of pepper spray try to tamp down the angry today. good morning, it's thursday, november 10th.

this is your "a.m. wake-up call." i'm carol costello joining you live from new york this morning. >> the board of trustees have decided that effective immediately, dr. spannier is no longer president of the university. in addition, joe paterno is no longer the head football coach, effective immediately. these decisions were made after careful deliberations. and in the best interests of the university as a whole. >> this morning pen studen stat alumni and students are waking up for the first time in 46 years without paterno leading the nittany lions. the president is also out. our mike galanos reports from outside the school from state college, pennsylvania.

>> reporter: emotions boiled over as the announcement was made. joe paterno is no longer the head coach at penn state university. the students did not see that coming. many supporting joe paterno, wished he had done more through the child sex abuse scandal but joe paterno out. also, the president, graham spannier out as well. you get back to joe paterno. he's been on the job since 1966. winningest coach in college football history, two national championships, built a squeaky clean program. joe paterno is penn state but now is no longer the head football coach at this university. but this story and why there's such emotion is because it is bigger than a football story. you wonder what is going on with those eight alleged victims, children, within they were allegedly abused as young as 8 years old by former assistant coach, defensive coordinator, jerry sandusky, the true villain

in all of this, but because of those actions and inactions from the people really in power who could have done something, joe paterno out as head coach at penn state. back to you. >> coach paterno reported a 2002 incident to the his boss. the firing of joe pa was a shock to many students. >> they're going after the wrong guy. >> it's ridiculous that he got fired over this situation. this is pretty much an example of what penn state students, like what this school means to us. >> joe pa! >> joe pa, baby! >> joe pa's been here so long. it's emotional. it really is. we're here to get joe pa for our last home game. let him play his last game. it's that simple. everyone here is for that right now. we all believe it. if you want to hear something right now. we are -- >> penn state.

>> we are -- >> when state. >> we are -- >> penn state! >> we did hear it. as you saw a moment ago, some of the students even clashed with police. becky perlow was smack dab in the middle of the throngs of angry students. you also went to penn state, graduated from penn state. what are your thoughts as things escalated like this? >> well, good morning, carol. i have to tell you, for better or worse, penn state likes to celebrate or protest when penn state beat ohio in 2008 they tore down light posts. earlier this year, for example, osama bin laden when he was killed, they took to downtown state college as well and brought their american flags anç belted out the national anthem. depending on the topic depends on how much destruction there will be in the street. i wasn't quite expecting a tv truck to be overturned tonight. >> no. we weren't expecting that either. help us understand why these students are so upset, with the

accusations against joe paterno they're very serious. a lot of people say as the moral compass of the university he certainly didn't do the moral thing in the sandusky case. >> i think what it is is not so much that joe paterno is connected to the alleged child abuse case. it's not so much that joe's connected to it, it's that the focus of the media is specifically on joe paterno rather than on sandusky who allegedly commits these crimes, that there's not enough coverage on sandusky. they're angry that the penn state board of trustees fired paterno over the phone tonight. that was a hit to a lot of students' egos as well. >> they maybe should have done it face to face or something like that. as far as security on campus, how is the university dealing with that? >> you know, i just got to campus tonight. i can't tell you specifics but i do know that for downtown state

college they pulled out lots and lots of local police from different areas, as well as state troopers. it was pretty violent down there tonight. people were throwing rocks, beer cans. i saw somebody throw a brick at the police, car windows were smashed all over. people were shaking the lamp posts back and forth. and i think they're just a little concerned that -- with saturday's game coming up and joe paterno not coaching his last home game before he was due to retire, before the board of trustees came out with their announcement this evening, i think they're waiting and hoping for the best and hoping that the worst doesn't happen with the students protesting more. >> we hope not. becky furlough has been up all night. she kept saying when it's morning. she's been up since 8:00 last night. many thanks to you. coach paterno did release a statement responding to his firing. it reads in part, i am disappointed with the board of trustees' decision but i have to

accept it. a tragedy occurred. we all have to have patience to let the legal process proceed. i appreciate the outpouring of support but everyone should remain calm. to all of our fans and supporters, my family and i will be forever in your debt. end quote. last night's republican presidential debate in michigan last night is one for the history books. while the economy was men the to be the focus, the night belonged to one cringe worthy flub by texas governor rick perry. >> and i will tell you, it's three agencies of government when i get there that are gone, commerce, education and the -- what's the third one there? let's see. >> five. >> commerce, education and the -- >> expa. >> epa, there you go. >> seriously? >> is epa the one you were

talking about? >> no, sir, no, sir. we were talking about the agencies of government, the epa needs to be rebuilt. >> you can't name the third one. >> the third agency of government i would do away with education, the commerce and, let's see -- i can't. the third one i can't. sorry. oops. >> oops is right. political strategists on both sides agreed, this was the last thing perry's struggling campaign needed. via twitter veteran analyst said to my memory, perry's forgetfulness is the most devastating moment of any modern primary debate. ouch. we'll talk more about perry's big oops coming up in our political ticker and rick perry himself will join us in the 7:00 eastern hour. be sure to catch rick perry then. i'm sure he'll want to explain.

more heartache in turkey after being hit with yet another earthquake, this one a 5.7. it came last night. at least five people have been killed, more than 100 people are buried in the rubble this morning. about two weeks ago, the area was hit by a powerful 7.2 quake. that quake killed more than 500 people. to the united states and connecticut now, the northeast utilities company has created a $10 million fund to assist customers affected by power outages during that freak winter snowstorm a couple of weeks ago. in a statement, the company president apologized for not getting the powerback on soon enough. some 830,000 customers were affected. so in the end, the $10 million, well, that means about $12 per customer. now let's head to atlanta and check in withç rob marciano. 12 bucks for your trouble, rob. >> hard to believe, just a week and a half, two weeks ago we had the epic snowstorm and now temperatures in the 60s.

you saw how beautiful it was across the northeast yesterday. some of the mild air creating foggy conditions this morning. we do expect to see delays at some of the major airports across the northeast, including philadelphia and d.c. where low clouds and the fog is on the thick side. showers will be rolling through new york and boston with the northern side of this other snowstorm that moved through the midwest yesterday. chicago, detroit, wind on the backside of that and atlanta will see low clouds to start the day briefly. there's your front. most of the energy heading up towards the north, anywhere from 5 to 11 inches of snow in some spots yesterday from iowa up through northern wisconsin. and this storm now progressing off towards the east. the other big story is this beast a storm that rolled through alaska. just north of nome, 85 mile-an-hour winds. it's dramatic stuff, especially along the coastline. nome down south towards anchorage, waves, 30, 0-foote

40-footers. we had winds gusting 85 miles an hour, record low pressure. that is an angry sea. and this is the strongest storm to hit alaska since 1974. still getting reports in as far as what kind of damage there is. there's still a strong onshore flow. flooding is still an issue with this thing. take a look at the satellite picture. it stretches across not only alaska but russia, too. and through the aleutian islands. it will set up a series of storms that will roll into the west coast of the u.s. as well. amazing stuff there you say it's alaska. they get big storms. you know, nothing like this, at least not in the last 40 years. everyone is getting a piece of the wacky weather, carol. you're next. >> i guess so. thanks, rob, we appreciate it. >> you bet.

uncertainty in the european union rattles indices in the u.s. and our quote of the day, contagion is alive and well, end quote. we'll tell you who said this when describing the market's reaction to europe's debt crisis. it's 12 minutes past the hour. . its multi-action formula works to restore enamel, help prevent cavities, and kill bad breath germs for a whole mouth clean. whooo... [ male announcer ] listerine® total care. the most complete mouthwash. the progresso chicken noodle you made is so good. it's got tender white meat chicken. the way i always made it for you. one more thing.... those pj's you like, i bought you five new pairs. love you. did you see the hockey game last night? [ male announcer ] progresso. you gotta taste this soup. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes.

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it is 13 minutes past the hour. this is your "a.m. wake-up call." today's quote of the day, quote, contagion is alive and well. end quote. who said that? it was rebecca patterson, the chief marketing strategist for jp morgan asset management. she was describing the market's reaction to europe's debt crisis. with that financial crisis in greece still in full swing, new concerns about italy helped rattle wall street. the dow lost 389 points. the nasdaq and s&p wiped out all the gains they've made this year. so what will today bring? let's head round the world with nina dos santos. she's live in london and i hope you tell us something good. >> good morning to you, carol. what i can tell you at the moment is it seems european markets on the whole are doing quite a bit better than they did an hour ago. asian markets on the downside ended the day on a negative ç note. italy's impasse when it comes to

political situation but also its badly needed structural and fiscal reforms. the hang seng closes down 5.25%. the markets where i am are being lifted by optimism, carol, that we could see the badly needed reform measures being passed perhaps by the upper house of parliament of italy by the end of this week and ratified by the weekend. that is giving the mark hes a shot in the arm at the moment. it's bringing down the cost of italy's sky high borrowings. everything hangs in the balance. contagion is still the word of the day. for the moment at least where i am, the market is looking greene. >> all right. we'll take it. nina dos santos reporting live from london. thank you. russian space engineers are scrambling for a quick fix. their unmanned spacecraft that's supposed to be headed to mars is stuck in the earth's orbit. we'll talk about why this could be a huge danger. [ man 2 ] yummy.

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17 minutes past the hour. this is your "a.m. wake-up call." the flash player will soon be a thing of the past and russian space engineers are really nervous this morning. let's head to hong kong and kristie lu stout. this russian probe is stuck in the earth's atmosphere? >> yes. i'll tell you why this story is so significant. this russian probe is loaded with toxic fuel and it could re-enter the atmosphere within days or weeks.

exactly when and where that might take place is at the moment impossible to predict. this $170 million spacecraft, it was designed to bring back soil samples from a martian move. the launch was normal but in orbit, the craft, it failed to fire its propulsion system to send it on to mars. russian space source has been telling interfax news agency there were red flags, warning signs before the launch. the latest word now is russian engineers are trying to re-establish communication with the probe and send new engine firing instructions. so carol, fingers crossed here. >> you're not kidding. and your toes, too. let's talk about the flash player. it might disappear. i guess that would have made steve jobs happy. >> flash player as we all know it's used across the web for things like games and video.

you see it on youtube. apple famously decided not to include flash on the iphone and ipad. steve jobs wrote a public letter explaining apple's stance on flash. jobs said point blank, flash is bad for battery life. it's unreliable. it does not run well on mobile devices. while the ipad never used flash, some other devices did support it. it will stop development of flash for mobile devices. back over to you. >> all right. kristie lu stout, reporting live from hong kong. thank you. rick perry and his embarrassing moment, you'll hear from left him saying oops at last night's republican presidential debate. but first, it's national forget me not day. if you've been too busy take time to reach out to your family, friends and loved ones to let them know that you have not forgotten about them. happy forget me not day.

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22 minutes past the hour. good morning, tim. >> you made that up about forget me not day. it isn't really, is it? >> yes. it's national forget me not day,

which means that i didn't forget you. >> really? wow. >> not that i ever could. >> rick perry, that's another story. we'll talk about him in a bit. >> sure. >> we want to start with herman cain. he once again stood his ground against sexual harassment allegations. let's listen. >> in recent days we have learned that four different women have accused you of inappropriate behavior. here we're focusing on character and judgment. you've been a ceo. >> yes. >> you know that shareholders are reluctant to hire a ceo where there are character issues. why should the american people hire a president if they feel there are character issues? >> the american people deserve better than someone being tried in the court of public opinion based on unfound accusations. >> so we heard the crowd booing

at the moderator's question. is that a good sign for cain? >> it was good last night, that's for sure. it's interesting the way the keanes on the stage read the room, mitt romney stuck his fingerer to the wind and said i'm not going there when asked him about it. john harwood asked him a question about it. i don't know that anyone knows how this will play out. it depends on the two women who supposedly will have a press conference together. herman cain tapped into something that the conservative audience enjoyed, which was making the mediate punching bag for this whole story, forgetting about the fact that there were a couple women who were paid money by the national restaurant association to go away. how it plays out over the next couple of weeks will be interesting. when it comes to the iowa caucus, it will depend on how those conservative and evangelical voters decide to take this, or not they think herman cain strayed morally or not or that media conspiracy

theory holds out. i think it's a little too early to tell how it plays. he won last night on that. >> i don't know if he did or not. iç think we put too much emphas on how the crowd reacts to these debates. the crowd represents a very narrow part of the voting public, doesn't it? >> well, you're right. i think that's a good point. i do think that sometimes when we talk about these debates, who's tuning in anyway? it's probably the very engaged and more than likely, the more conservative voters, especially the ones seeing herman cain as a nice alternative to mitt romney. you could be very right, though, as i say, it's impossible to tell right now. your guess is as good as mine as to how it will play out over the next few weeks before it gets to iowa. >> let's talk about rick perry. >> oops. >> it's so embarrassing, so hard to watch even now but let's watch it. >> yes. >> it's three agencies of government when i get there that

are gone, commerce, education and the -- what's the third one there? let's see. >> you can't name the third one? >> the third agency of government i would do away with education, the commerce and, let's see -- i can't. the third within i can't. sorry. oops. >> it's just, larry sabato said that was the most devastating moment in debate history t. was pretty close to the gerald ford, eastern europe is not dominated about the union. rick perry can't get it across, knows what he's talking about. i was reminded of that commercial when the kid is standing on stage reading the gettysburg address and his

brother texts something about a girl. this was a painful moment for rick perry. i can't imagine how this can be anything but a bad thing for the campaign. i don't know exactly how he's going to recover from this. >> he's making the rounds of the morning television shows. he's going to be on "american morning" in the 7:00 eastern hour. what can he possibly say to make this okay? >> i don't think there's anything he can say. i don't think he can. he said on cnbc, i said i stepped in it. when you talk to him today, all his appearances this morning are going to come not even close to the number of views people have on this viral video. that's going to be lampooned and played just the way it was which is painful enough. that will outnumber all of the excuses or explanations and even the good-hearted and good-natured smiley, hope this goes away kind of explanation.

>> tim farley, i'm sure you'll be talking a lot about this this morning on morning briefing. thanks so much. >> see you, carol. legendary football coach joe paterno will not finish the season as he hoped. students are passionate in rallying to get him back to the football field. and taxing christmas tree growers? they're in favor of it but there's an outcry from another group. we'll tell you about it, just ahead. it's 28 minutes past. oh my gosh, oh my gosh.. look at these big pieces of potato. ♪ what's that? big piece of potato. [ male announcer ] progresso. you gotta taste this soup. 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

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good morning to you. thursday, november 10th. this is your "a.m. wake-up call." i'm carol costello joining you live this morning from new york. it is 31 minutes past the hour. the child sex abuse scandal

that's rocked penn state university has ended the career of its beloved head football coach joe paterno and also the school's president. >> the penn state board of trustees tonight decided that it's in the best interests of the university to have a change in leadership to deal with the difficult issues we are facing. the board of trustees and graham spanier have decided effective immediately dr. spanier is no longer president of the university. in addition, joe paterno is no longer the head football coach, effective immediately. >> paterno issued a statement following his ouster saying he's disappointed with the board's decision but he has to accept it. paterno went on to say that a tragedy has occurred and we all have to have patience and let the legal process proceed. cnn's sara hoy is live at penn state. sara, bring us up to speed.

you spoke to paterno after the announcement of his firing. what did he say to you? >> reporter: that's right. a small number of students gathered outside his home, right after the announcement had been made. he came outside and addressed those students. there were 15 to 20 kids there. i happened to be there as well. they said they loved him, he said he loved them, too and said basically, well, i'm not the coach anymore. it's going to take me some time to get used to. at which point, again, the crowd said we love you, clapped for him, he said thank you, thank you and walked back inside. it was very somber, very calm. the only excitement really was when the students did clap for him. >> so when exactly did the students begin rioting? was it after the statement? was it after joe paterno came out of his house? when did that happen? >> reporter: those two lockes are quite far from each other. it was right around the same time, actually. so joe paterno did come out of

his house, spoke to that small, quiet group of kids but on the other side of town it was a totally different story. they kind of hit the streets immediately after the news came out. the crowd began to swell and swell and continued for quite some time. >> and i know we're looking at pictures of those students overturning that news van. they were very upset. how many students do you think rioted? >> it's hard to put a number on it. had to be a couple hundred, maybe upwards near to a thousand. they literally filled the streets as if we were in barcelona and the running of the bulls. they came towards us, the media as it were and they were chanting and shaking that van, jumping on other vehicles, running up the hill behind me to old main, the building behind me. there were quite a few folks. >> tell me why they feel so strongly about joe paterno, because there are a lot of people saying that joe paterno should have been fired because maybe he did the right thing but he didn't do the moral thing.

>> well, around here when you speak with the students, he is a legend. a lot of the students i spoke with yesterday, really feel as though he was unfairly removed so quickly. they would have liked to give him their own farewell on saturday with the game against nebraska. he's an icon, he's upç there wh bryant, lombardi, iconic football coaches. he's a mainstay here in this area. he's been around for four decades. he's loved, he's revered. you do have opposing forces in templ terms of those who loved him. >> they wanted him to have his last game at penn state. some say they're forgetting about these kids that have been terribly abused. sarah hoye, thank you so much. we appreciate it. the hang seng closed down

nearly 5%. in europe, investors are trying to be optimistic. for morning money news let's check in with christine romans. it's not looking so great, christine. are there bursts of sunshine somewhere? >> i think you might see things snapping back a little bit today, carol, i'll tell you why. hang seng down 5%, that's a response to yesterday's u.s. market action and european market action. a big down day yesterday. you saw the numbers there. more than 3% for the dow jones industrial average. you had a move below 12,000 on the dow. stocks are still higher than they were eight days ago. the hang seng overnight you saw a big sell-off. financial stocks really got hit. they're worried about italy's bond problems. today futures are looking higher. there's a feeling that maybe yesterday's concern may have been overdone. and that there could somebody sort of new headline coming out today that could cause people to buy stocks. i want to be clear for people

who are in the markets right now. we've been saying this for some time, both ali velshi and i, it could be a treacherous road to the end of the year. when you have people talking about what it would look like to reconstitute the euro, rumors and reports that you have european leaders, france and germany, talking about how they could reconfigure the euro with fewer nations. even talking about that is something we wouldn't have considered five years ago. there's a lot of political risk here over the next few days and months. germany saying it's not true. they're not going to reconstitute the euro. a lot of people in the markets are talking about what it would look like if you did it. >> investors are so used to the roller coaster ride. >> i call it crisis fatigue. i talked to a bond expert and conferencecy expert yesterday that said that crisis fatigue is dangerous because in 2008, americans are like all this derivative stuff, it doesn't

matter to me, it doesn't matter to my everyday life. and it does, it really does. the crisis isn't over. we're at a dangerous period, like christine lagarde from the imf said, we're at a crisis period. your job, your house, your economic ability, whether to send your child to college, it affects everything. there isn't a part of your everyday life that isn't tied to what's happening in the world crisis fatigue, i think it's set in. but i'm here to tell you, we have dangerous territory ahead. we hope the world's leaders act in the appropriate way and mitigate the fallout as best we can. >> i'm going to go find a bridge to jump off. >> no, carol. look at the sunset off that bridge, look at the sunrise off that bridge. we put one step ahead. information makes you stronger and smarter, carol. >> yes, that's true.

okay. we'll talk more in 20 minutes. thanks, christine. >> bye. >> putting americans back to work, treasury secretary timothy geithner says america are doing better than we think. we go one-on-one with him, next. first, time for your get smart question of the day. what do you think will be the average price for a fresh cut christmas tree this year? is it "a," $36.12, "b," $56.75 or "c," $110? 39 minutes past the hour. ♪ i don't want a lot for christmas ♪ okay-y... okay??? i've been eating progresso and now my favorite old jeans...fit. okay is there a woman i can talk to? [ male announcer ] progresso. 40 soups 100 calories or less. okay at aviva, we wonder why othern life insurance companiesk to? treat you like a policy, not a person. instead of getting to know you they simply assign you a number.

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it is 42 minutes past the hour. this is your "a.m. wake-up call." for today's get smart question, we're asking you this, what will the average price for a fresh cut christmas tree be? is it $36.12, $56.75 or $110 boy, i hope it's not "c." the answer is "a," $36.12.

that's according to the national christmas tree association. getting the american economy on track and putting people back to work. it isn't going fast enough for some. when you need answers on how to fix the problem you have to go to the person who oversees our nation's finances. cnn chief white house correspondent jessica yellin did just that. >> reporter:days, the president's top economic adviser is delving into raw politics. >> they're willing to do things right now, unemployment will do now. if they do things to help the economy we'll be stronger. they hold the key to whether this economy is stronger or weaker in the next three months, the next six months, the next nine months. >> reporter: we caught up with timothy geithner at an intel manufacturing plan the in arizona, a target state for the obama campaign. the treasury secretary took a break from negotiating europe's financial future to selling the president's jobs bill and the

president's political message with unusual force. he slammed house republicans' economic proposals. >> i don't think there is a republican plan for tax reform. there's no republican plan to create jobs and economic growth. >> reporter: and didn't shy away from campaign politics. here on mitt romney's debt reduction plan. >> you can't cut your way to growth. we're in the middle of a debate of what the country can do and should do. would make us weaker as a country to try to cut our way to growth. >> reporter: secretary geithner defended the president's stewardship of the economy. bottom line remains that the unemployment wait will be higher at the end of the president's first term than it was -- >> than it should be. that's not a fair way to think about. there is improvement. the economy is in a much stronger position than when he took office. we were able to put out financial fires and start economic growth. >> reporter: the anger toward

wall street and few fat cats have paid the price -- >> stay tuned. the last chapter has not been written. >> reporter: the financial crisis in europe, congress' inability to pass the jobs bill. jessica yellin, cnn, washington. penn state's campus boils over as some students rise up and are met with pepper spray by police. that's after the school announces it's fired the long-time head football coach joe paterno. first, can you tell me how to get to sesame street? on this day in ç1969, the pioneering tv show "ses me street qus qus debuted on public television. since its inception more than 74 million americans have watched it. it's aired in more than 124 countries, too. 45 minutes past the hour. it's his two favorite things in one... burgers and soup. did you hear him honey? burgers and soup. love you. they're cute.

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good morning to you. thursday, november 10th. this is your "a.m. wake-up call." i'm carol costello joining you live this morning from new york. it is 48 minutes past the hour. disbelief and shock at penn state as anger explodes into mob aggression overnight. hundreds of students took to the streets ticked off over the ouster of legendary coach joe paterno. police armed with pepper spray tried to tamp down the angry crowd after this announcement from the university. >> the board of trustees and graham spanier decided effective

immediately dr. spanier is no longer president of the university. in addition, joe paterno is no longer the head football coach, effective immediately. these decisions were made after careful deliberations. and in the best interests of the university as a whole. >> this morning penn state students, alumni and supporters are waking up for the first time in 46 years without paterno leading the nittany lions. as university officials try to calm the chaos brought on by the child sex scandal involving former defensive coach jerry sandusky. last night's republican debate is one for the history books. >> i will tell you, it's three agencies of government when i get there, that are gone. commerce, education and the --

what's the third one there? let's see. >> you mean five. >> okay, five, commerce, education and the -- um, um -- >> epa? >> epa, there you go. >> seriously. is epa the one you were talking about? >> no, sir, no, sir. we were talking about the agencies of government -- the epa needs to be rebuilt, no doubt about it. >> but you can't name the third one. >> the third agency of government, i would do away with education, the -- commerceç an let's see -- >> oh, my. >> i can't, the third one i can't. sorry. oops. >> many say that was the last thing perry's struggling campaign needs. via twitter veteran analyst from the university of virginia said to my memory, perry's forgetfulness is the most

devastating moment of any modern primary debate, end quote. we will hear from perry when he joins us live at 7:00 eastern on "american morning." more heartache in turkey after being hit with yet another earthquake. this one a 5.7. that came last night. at least five people have been killed, more than 100 people buried in the rubble. it was only two weeks ago the area was hit by a powerf 7.2 quake. that quake killed more than 500 people. news corp. executive james murdoch is preparing for his second appearance before the british parliament today and it could get rough. lawmakers want to know if he misled them when he testified with his father, rupert in july. let's head round the world with atika shubert. she's in london. >> reporter: it's all about what james murdoch knew and when. james murdoch claims did he not know the extent of phone hacking until late 2010, but the former lawyer for news international and the former editor for news

of the world say they told him about e-mail that showed it went beyond just one reporter in 2008. and that's what mps will be grilling him on today. did he know as early as 2008 that phone hacking was endemic at news international, at news of the world, and if he did, why did he do nothing to stop it? we should be hearing from him soon. at the moment, mps are meeting in private to discussion what questions to ask him, carol. >> atika shubert, live in london, thank you. to connecticut now, the northeast utilities company has created a $10 million fund to assist customers affected by power outages during that freak winter snowstorm a couple weeks ago. in a moment, the company president apologized for not getting the powerback on soon enough. some 830,000 customers in connecticut were affected. so in the end, that 10 million bucks means about $12 per customer.

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four minutes till the top of the hour. here are three things to put on your radar. toyota motor company is recalling 420,000 cars in the united states was of a potential problem with power steering. nba owners and players are set to get back to the negotiating table today. the two sides failed to reach an agreement by yesterday's deadline. the nba season has been canceled at least through the end of the month. the family of boxing great jay -- joe frazier says people

can pay their respects over the weekend. herman cain material, even the country music awards can't escape the jokes. here's your punch line. >> the country mewes ache wards were earlier tonight. very exciting show. did you see the promo? interesting guest. take a look. >> it's time for the country to cut loose. the cma awards with performances by taylor swift, blake shelter, jason aldien, carrie underwood. >> and a surprise appearance by herman cain. >> he knows lie detector tests weren't made to handle politicians. they're for thieves and murders. you put a politician on one of those, it's going to short-circuit and blow out. >> ouch. let's head to the nasdaq market site and check in with carter evans. good morning. i suppose you have to tell us about the numbers, huh? >> you know, it was kind of ugly

yesterday, a little scary. major, major losses. take a look. the dow down almost 400 points, a 3.2% loss, the nasdaq down almost 4%. today we have the weekly unemployment numbers coming up. we'll get reports on import and export prices and a reading on the trade balance. we'll hear from a lot of companies, anheuser-busch, viacom, nordstrom, just to name a few. the futures are looking better. dow futures currently up 97 points, nasdaq up 20, s&p 500 up about 10. those yields that we've been talking about on italian bonds are beginning to come back down and that's calming nerves just a bit. >> let's talk about california. we know california is facing severe budget shortfalls. so i understand california has a creative way when it comes to like maybe, you know, making some money. >> think about this as a crime deterrent. the threat of prison. the threat of prison that you have to pay for. in riverside county, they're

getting ready to charge prisoners for their stay in jail. $142 a day, the county estimates it could save about $5 million a year. the state says it's legal but the courts have to determine that the inmate has the ability to pay for it. but you know, this isn't the only area in the country to cut back on prisons. in texas they cut back to two meals a day on weekends. no lunch for you in texas. >> i don't think many people will be feeling so sorry for those prisoners. jail overcrowding is a big problem. as everyone knows, it's one of the reasons lindsay lohan didn't stay in jail very long, right. >> and one reason dr. conrad murray might not spend too much time in prison if he is sentenced to a lengthy term. >> that's right. he's facing four years in prison. a lot of people think he could serve less time because of the jail overcrowding problem. if that happens, i can't imagine how people