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tv   CBS Morning News  CBS  October 27, 2011 4:00am-4:30am EDT

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debt deal. european leaders finally agree on a critical step toward resolve the debt crisis but is it too late? demonstrators take to the street from coast-to-coast. a suicide shock. the wife of convicted ponzi king bernie madoff speaks out in an exclusive "60 minutes" interview. >> we decided to kill ourselves because it was -- it was so horrendous what was happening. this is the "cbs morning news" for thursday, october 27th, 2011. good morning, everybody. appreciate you joining us. i'm terrell brown in for betty
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nguyen. this morning european leaders agreed on a deal to help resolve the european debt crisis. the agreement was hashed out over tense negotiations. it was all sernsored on reducin the european debt. >> reporter: the crushing greek debt threatens to affect the entire banking system. eu leaders say they have a deal but is it the answer? >> these are exceptional answers for exceptional times. >> reporter: after marathon negotiations, european leaders emerged with what they hope is the solution. the plan includes a significant reduction of greek debt that requires banks to accept losses of 50%. injecting 140 billion dollars into europe's biggest banks to withstand those losses and an expansion of the continent's bailout fund. failure to get something done would have been a disaster.
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the european crisis is the single biggest threat to the u.s. economy. europe is america's biggest trading partner. and default in greece or anywhere else could send shock waves through our banking system. >> if greece were to default, banks across the globe would really take a huge hit. then the next step, stock markets tumble. bang. our 401(k)s, our i.r.a.s start to suffer. from a company perspective, american companies might not have access to lending and borrowing would freeze up and maybe there would be a whole other round of layoffs. >> reporter: now that the eu has attempted a deal, the trick is if you go it in action. it remains to be seen how committed they are to this plan. still, asian markets liked what they saw. after news of the debt deal, japan's nikkei gained more than 2%. hong kong's hang seng was also
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sharply higher. most european markets are also opened on the upside. wall street will get its chance to react to the news a little later this morning. the hint of progress sent stocks higher yesterday. the dow gained 162 points. the nasdaq tacked on 12. terrell? >> that continues to be the big question, how will this affect the u.s. drew levinson here in the u.s., thanks very much. there could be more good economic news this morning. economists estimate the gdp grew at an annual rate of 2.4% from july to september and that means both consumers and businesses stepped up spending. a significant improvement from the 1.3% in the second quarter. to the latest now on the occupy wall street protests. overnight here in new york, demonstrators took to the streets again. the wall street protesters who started it all were on the move protesting health care costs. overnight in oakland several hundred demonstrators marred following yesterday's violent confrontation with police.
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earlier they allowed the protesters back into city hall plaza yesterday. kpix has more. >> reporter: last night, tear gas. tonight, a tug of war. >> we are trying to hold the fence back from being pushed any further. >> reporter: as the fences came crashing down outside city hall, inside, police were explaining last night's use of force. >> our officers were assaulted with bottles, rocks, and had hazardous materials thrown at them. >> reporter: protesters claim they were shot by. >> none of the police officers used rubber bullets. we don't have that in our inventory. >> that is a lie. the police need to be indicted and investigated and they need to go to jail. >> reporter: he is referring to this shooting cbs 5 captured of scott olson and iraqi war veteran. protesters claim he was shot at close range by police. the mayor says an investigation is under way but would not
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accept responsibility. >> i don't do the tack tall planning. >> reporter: for using the go ahead to using force and then traveling to washington, d.c. for a meeting at the white house! >> i didn't know what day. i was actually hoping it wouldn't be until i got back. >> reporter: now the protesters are ripping down fences. it appears the mayor may be back pedaling on the reoccupation of frank guiel plaza. the magnitude 4.7 quake was centered about 35 miles west of reno, nevada, in a sparsely populated area. there are no immediate reports of damage or injuries. hurricane rina is expected to hit the resort heavy east coast of the yucatan peninsula sometime tonight. rina is a category 1 storm with sustained winds of 35 miles per hour. rina is moving northwest threatening popular results in cancun with 10 inches of rain.
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perry said he was kidding when he said president obama wasn't born in the united states. the birther issue was fanned by donald trump earlier this year. over the weekend perry told "parade" magazine he wasn't sure obama's birth certificate was legitimate but on monday, he backtracked. >> i was having fun with donald trump. oh, yeah, look. it's fun to -- you know, lighten up a little bit! i'd be -- i have no doubt about it. >> top republican officials have urged candidate to drop the birth issue. they say it's bad for the republican party. president obama is back in washington today. he wrapped up his three day campaign style tour out west. in colorado yesterday, the president unveiled his plan to help students repay their college loans. from 15% to 10%. it goes into effect next year. remaining debt is forgiven after 20 years. take a quick breck. just ahead on the "morning news,"
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a 5-year-old calls 911 after going to fora short drive. what made dr. conrad murray trying during the michael jackson manslaughter trial. this is the "cbs morning news." oooh....ouch! faulty thermostat. uneven heat. ah! hand me that lotion. mmmm. nice. you know that's frosting? do me a favor. get my back! time for a new stove? come to the sears holiday preheat event now and save 40% to 50% off all kenmore wall ovens, 20% to 30% off all other kenmore cooking, plus an extra 5% off all appliances with your sears card. sears.
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wow, got one of those with a mailman on top? priority mail flat rate shipping starts at just $4.95, only from the postal service. a simpler way to ship. in colorado, about 72,000 people are without power this morning. the first big storm of the season hit the denver area wednesday. tree limbs weighed down by snow snapped the power lines. some places got more than a foot of snow. snow plows were out near detroit too but not because of snow. a truck dumped thousands of pumpkins on the highway. police in kansas city are planning to re-interview the two older brothers of missing baby lisa tomorrow. the infant disappeared more than three weeks ago. the two boys ages 5 and 8 are half brothers from their father's previous relationship. police plan to collect dna from those boys. officers have not spoken to the
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boys since october 4th when lisa was reported missing. in ohio a 5-year-old girl went on a short drive and then calls 911. no one was home monday so she got into the family car to look for her mother. the keys were in the ignition but she didn't quite get it in career. the vehicle backed down the driveway and came to a stop across the street. the child got back out, went across the street and went in the house and called 911.
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>> yeah. she said it, she did. the girl's mother wasn't home because she had been taken to the hospital earlier that day. everybody is okay. and no charges will be filed. the manslaughter trial of dr. conrad murray is winding down. today or tomorrow could be the last day of testimony on the death of michael jackson. on wednesday the defense brought in witnesses that praised dr. murray's character and that brought him to tears. karen brown reports. >> reporter: dr. conrad murray dabbed tears from his eyes as witness ruby moseley took the stand. she testified how murray founded an a clinic in honor of his father. >> do you think dr. murray is greedy? >> do i think? >> yes, ma'am. >> no. >> reporter: moseley was one of a string of character witnesses who spoke of murray's charitable work and his kind manner. >> i have never had a doctor that was more caring. >> and i just don't think he did what he has been accused of.
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>> i'm alive today because of that man. >> reporter: the jury was released early for the day because of scheduling issues, but not before the prosecution got the chance to cross-examine the character witnesses as she tried to show dr. murray treated his superstar patient differently. >> dr. murray never gave you propofol in your bedroom, did he? >> no, sir. >> reporter: they are trying to prove that dr. murray gave jackson the popular drug of propofol but murray's lawyers are trying to prove the singer was a desperate man doing anything to get to sleep. the defense is expected to wrap up its case with renowned medical experts of their own. jurors could begin their deliberations as early as next week. karen brown, cbs news, los angeles. a coroner in england says amy winehouse drank herself to death. the 27-year-old singer had more
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than five times the legal limit of alcohol in her blood when she died in july. doctors say winehouse suffered accidental alcohol poisoning. she had fought a long battle against alcohol and drug abuse. a british man has a new smart phone and it's built into his artificial arm. he was born without a left arm he has the world's first aesthetic device with a nokia phone. he said he got the idea because it was too hard to use a smart phone one handed. he says it is brilliant. coming up on this thursday morning, your weather forecast. in sports, it is a cringe worthy kick and now the vikings brian robison will pay. when you spend more days than not separated from your own life... when the only thing you can be sure of is migraines with 15 or more headache days a month, you're living a maybe life. and you may be living with chronic migraine.
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[ 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. here's a look at the weather in some cities around the country. time now for a check on the national forecast. the latest satellite picture shows rain showers are on the move towards the ohio river valley and into the northeast. later today, soaking rain from texas to massachusetts. cool and sunny in the northwest. and the southeast stays warm, with temperatures in the 70s and 80s. in sports morning, they pulled out the big gray tarp for game six of the world series. it was raining in st. louis so they canceled the game between
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the rangers and the cards last night. our meteorologist said says it will be clear and chilly around 50. the nfl has come down hard on vikings brian robison. on sunday, he kicked t.j. lang in the groin. pretty direct aim there. he got him. for that, robison was fined $20,000. he did apologize for the kick on tweeter. lang tweeted back and said robison is not a dirty player. a streaker, four-legged streaker. play came to halt between the colombian and brazilian team. when we return, another look at this morning's top stories. and ruth madoff tells "60 minutes" how she and her husband bernie planned to kill themselves. tle emotional here? aren't you getting a little industrial? okay, there's enough energy right here in america.
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♪ feed the senses on the "cbs morning news,"
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here's a look at today's weather. look for rain along with a few flakes in upstate new york. wow. scattered storms can be found all the way down to texas. sunny skies and mild weather hits the southwest, while the arctic blast that hammered denver heads towards texas. here is another look at this morning's top stories. european leaders reached a deal to help resolve the european financial crisis. the plan calls for a significant reduction of greek's debt, including a significant loss for greek bondholders. occupy wall street protesters marched overnight in oakland. earlier, police allowed the demonstrators back into a plaza they had cleared yesterday. for the first time since last year's catastrophic oil spill, bp has been given the go ahead to drill another deepwater drill in the gulf of mexico. that is a thousand feet deeper than the well that blew out in
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2010. that explosion killed 11 workers and caused the worst offshore oil spill in u.s. history. a former board member of goldman sachs is free on $10 million bail this morning. rajat gupta turned himself into authorities here yesterday in new york. he is accused of sharing insider information with a convicted hedge fund trader. if convicted, he faces 105-year prison sentence and millions in fines. the wife of convicted ponzi schemer bernard madoff makes a startling admission to morley safer on monday. he spoke with madoff and her surviving. in the interview, andrew talks about the day he received an envelope from his mother. >> i tore open the envelope and tump dumped it out and it was absolutely heartbreaking. these were pieces of jewelry that i recognized, things that i had seen my mother wearing over
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the years. and i couldn't understand how she could do this. i mean, what were they thinking? and it wasn't until three years later that i had a chance to ask her, what were you thinking when you sent me that jewelry? i don't understand. and she told me that she and my father planned to kill themselves and they put together that package beforehand and sent it out. >> reporter: did they try to kill themselves? >> yes, they did. >> i don't know who -- whose idea it was, but we decided to kill ourselves because it was -- it was so horrendous what was happening. we had terrible phone calls, hate mail. just beyond anything. and i said i can't -- i just can't go on any more.
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that's when i packed up some things to send to my sons and my grandchildren. i had some lovely antique things and things that i thought they might want. i mailed them. it was christmas eve. that added to the whole depression. we took pills and woke up the next day. >> reporter: what did you take? >> i think ambien. >> reporter: how many? >> i don't even remember. i had -- i took what we had. he took more. >> reporter: did you leave notes? >> no. it was very impulsive and i'm glad we woke up. >> you can see morley safer's entire interview with ruth and andrew madoff this sunday on "60 minutes" right here on cbs. coming up on "the early show" the testimony that made michael jackson's doctor cry.
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i'm terrell brown. and this is the "cbs morning news." hurry in for your last chance to get the lowest prices of the season. with the biggest savings on apparel to appliances, the top brands of tools to the newest electronics and more. that's real deals for real savings. sears. yeah, maybe not. v8 v-fusion juice gives them a full serving of vegetables
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. good monk. welcome to 9news. today is thursday, october 27. i'm andrea roane. i'm mike high hydeck. we have a warning if you're going to be in arlington county this morning. crews will be testing the
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county's outdoor warning system. if you hear loud sirens around 10:00 this morning, do not be alarmed. but the alarm is going off for your safety. >> just a heads up. we had some tornado warnings yesterday but test warnings that came out as warnings but that was a snafu. that's all taken care of. that was just a test. today we will have some range around, especially this morning with showers. tonight it's going to get cold. we have a freeze watch. 57 now. we'll have showers on and off, especially this morning. 60 degrees at 9:00. the high today around 65. a 5:00 p.m. temperature of 63. the rain 60 to 70 because in he frederick and hagueerstown you'll be closer to 60. there are the showers now. light here. look at all this rain coming into west virginia moving due
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east so we can expect that in several hours. looking at live doppler 9000, we've got some showers in montgomery into eastern loudoun, down route 7 into northern fairfax county. a few other showers just out there to the west right right now. so things are sporadic at the moment. we'll see a lot of this moving towards us the next few hours. the temps are still relatively mild. 50s and 60s. in fact it's 64 in petersburg, west virginia. 65 in southern maryland. 16 in easton. right now we sit at 57. again anywhere from around 60 north to 70 south. much colder air moving in by tomorrow. >> thank so you much, howard. if you're an early bird and know about construction, i just highlighted the hot spots this morning. you've always got that construction overnight right here at 66. basically both directions between 123, vienna and the beltway down in annandale, newspaper tysons, 395 in springfield. it's the ramp to get southbound into springfield and of course on the north side of the
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beltway here as well, connecticut avenue. let's take a live look. on the inner loop of connecticut i saw crews picking this up at 4:10 this morning. on the outer loop you may still find construction as you leave new hampshire avenue. let's take you over to virginia on the northbound side of i-95. everything is fine. up to the beltway and to to 395 to the 14-g9 street -- 14th street bridge. coming up in our next report, we'll go into the district. thank you. the european union has agreed to bail out greece's debt with another loan of $100 billion -- 100 billion euros. the greek debt will fall to 120% of its gross domestic product by the year 2020. >> under the current conditions the debt would have ballooned to 180%. we have details of the zeal and the impact -- deal and the impact on the u.s. economy. >> reporter: leaders took to the stage to rescue greece.
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>> these are exceptional measures for exceptional times. the deal includes europe's biggest banks agreeing to take a 50% loss on greek government bonds injecting $140 billion into the banks to withstands the losses and doubling the european union's emergency bailout fund to keep other countries from buckling under the crisis. the plan could give wall street a boost. even word of a possible deal pushed stocks higher on wednesday. economists say the european debt crisis is the single largest threat to the u.s. economy. europe is america's largest trading partner. a default in greece or elsewhere on the continent could send shock waves through our banking system. congressional researchers estimate u.s. bank exposure to the european debt crisis at

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