anthony mason explains why consumers are spending at a record pace. >> anthony mason's report, obviously the audio section of that is missing and we'll try to get you that information later on. >>> meanwhile, the nation's capitol is getting a touch of california this christmas after completing a 20-day cross- country journey from the national forest. a 65-foot sierra white fir was directed on the west lawn of the capitol building. that tree will be lit on december 6. its roots in the golden state are fitting. as part of this year's theme, california shines. and that tree will be decorated with 3,000 ornaments crafted by californians. >>> just in to the cbs5 weather center, the national weather service has issued a dense fog advisory through tomorrow morning for the north bay and east bay. and then we have winds of change blowing this way. your pinpoint forecast on the cw continues. [ woman ] my boyfriend and i were going on vacation, so i used my citi thank you card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diam

anthony mason on why he's telling his story now. >> they were taking away my mother! captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. we're beginning tonight with a story that really brings home the impact the great recession has had and is having on this country. a new analysis of census bureau numbers finds the profile of poverty-- where it is and who's trapped in it-- has changed dramatically. and poverty has reached new depths. a record number of americans are so poor they would have to see their incomes double just to reach the poverty line. we asked national correspondent jim axelrod to show us how america is changing. >> reporter: poverty does not look like it used to, according to a new analysis of u.s. census data. it's growing fastest not in the cities but in the suburbs. in the last decades, poor neighborhoods grew by 54% in the suburbs. compare that to 18% in the cities. the study was done by the brookings institution, a nonpartisan think tank. elizabeth kneebone is one of the lead authors. >> the shift

anthony mason reports, the fed wies the economy slowing and makes a new prediction for unemployment. dr. jon lapook on the first treatment for cystic fibrosis that targets the genetic cause of the disease. and honors for american heroes. acy rracy reports they never lost faith in america, even when america lost faith in them. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. now a third anonymous woman is rcusing republican presidential front-runner hermain cain of sexual harassment. cain, for his part, is not shedding any more light on the subject. he stayed in washington today, the one place he'd be sure to attract the most reporters but he turned aside their questions. for cain, the stakes could not s higher. in a poll out today, he leads mitt romney by seven points and everyone else by double digits, but the poll was taken just before the sexual harassment story broke. jan crawford is following the cain campaign. >> reporter: campaigning today, hermain cain tried to focus on the issues. >> we don't have a health care problem in

anthony mason has the story. pakistan cuts off supply routes to american forces after u.s. ter copters attack pakistani atoops. mandy clark is in afghanistan. fghad martin at the pentagon. another woman comes forward to claim a relationship with g.o.p. .andidate herman cain. jan crawford looks at his campaign and children falling into poverty-- some living in their cars. pe county fights to get families back on their feet. >> to still put this glow on the outside, that's the hard part. captioning sponsored by cbs this is the "cbs evening news" ningh scott pelley. >> pelley: good evening. mark the calendar: tonight we maybe experiencing the biggest heles day in the history of the in the his and that comes after the biggest an black friday ever. they call this cyber monday and the people who tally up online lly upng say americans are on track to spend a projecting $1.2 billion today alone. that's up 17% from last year. the stock market, like the sound ef all those mouse clicks, the dow closed up 291 points. big sales matter because consumer spending accounts for 70% of the u.

anthony mason tells us what they say about where the any economy is headed now. and on the road with steve hartman. tonight, proof that an elephant never forgets. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. with herman cain essentially tied for the lead in the republican presidential contest we've been following late-breaking developments on those accusations of sexual harassment. today one of the women who accused him said through her attorney that there were several incidents in 1999. that's when cain was head of the national restaurant association. for his part, cain has said repeatedly that he has never harassed anyone. the woman who released the statement today remains anonymous. political correspondent jan crawford starts our coverage with the attorney's news conference. jan? >> reporter: scott, these allegations have rocked this presidential campaign and all week herman cain has denied any wrongdoing. today that lawyer directly contradicted him, although the woman does remain anonymous. >> she made

nancy cordes and anthony mason masonat happens now to payroll taxes, unemployment benefits, ts, more. bob orr on how a lone wolf was stopped in his tracks. what police say a new york terror suspect was planning. protests against the latest use of pepper spray against the eccupy movement. sen tracy is covering. and mark phillips on the parents of a murdered teen testifying about how reporters hacked her phone messages and gave them velse hope. >> i heard her voice and i was... it was just... "she picked up her voice mail! she's alive!" picked captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. both parties-- republicans and parties-- republicans andin the most basic function of government: managing the budget. it started six months ago when congress refused to raise the nation's borrowing limit until et cet cuts were made. the nation came so close to s daulting on its debts that the federal government lost its top- notch credit rating. the borrowing limit was raised urn eturn for the creation of the so-called supercommittee of the cong

>> pelley: anthony mason, cbs news, havertown, pennsylvania. >> pelley: and that's the "cbs evening newstonight. for all of us at cbs news all around the world, good night. @ >>> now, "entertainment tonight," the most watched entertainment newsmag sen in the world. >>> kim kardashian's divorce and the battle over the prenup, could she lose millions to her soon to be ex? >> first and foremost, i have to follow my heart. >> new video of kris out today. new details on the money at stake. is there a prenup loophole? >>> plus, does kim want to collect husbands like elizabeth taylor? >>> the stars of "twilight" cement their place in hollywood history. >>> plus, matt damon and brad pitt in the recording studio. >>>

first, anthony mason in new york where the bankruptcy of m.f. global has touched off an investigation into missing millions. millions. inthony? >> reporter: the f.b.i. is now looking into this case, too, the er new he collapse of m.f. global, the 200-year-old trading firm led by former new jersey governor john corzine has been severe and sudden. >> reporter: as bankruptcy hearings for m.f. global began in this new york courthouse today, federal investigators whet said hundreds of millions of dollars of customer money is t missing and they're looking into whether it was improperly used in last-ditch trades to prop up hee company. if m.f. global tried to use argtomer money to save the mmpany, how serious is that? >> a very serious charge if it's more than just a minor amount. >> reporter: sean egan is found egan jones ratings agency, one of the first to flag the m.fany's troubles. >> they took major bets on some dicey assets and lost those bets. >> reporter: jon corzine took mble o.f. global last year and the former c.e.o. of wall street powerhous

anthony mason has the story. pakistan cuts off supply routes to american forces after u.s. helicopters attack pakistani troops. mandy clark is in afghanistan. david martin at the pentagon. another woman comes forward to claim a

what happens now that the committee has failed, so we turned to our senior business correspondent anthony mason. anthony? >> reporter: scott, if the payroll tax cut is not extended, it essentially acts as an immediate tax increase. the payroll tax cut has a broad impact. it's benefiting 121 million families this year. if it's not extended, the average household's paycheck will decrease by about $934 a year starting on january 1. if congress allows long-term unemployment benefits to expire, 1.8 million americans will be cut off immediately in january and that number will rise to more than six million by the end of 2012. >> pelley: so if taxes go up and unemployment benefits are cut back, does that increase the chances we eel fall into a recession? i >> by some estimates scott, this could cut our g.d.p., our economic growth, by a full percentage point or more. before this, the federal reserve's own forecast had the economy growing at just a little over 2.5% next year, many economists think that's too optimistic. so, yes, not extending the programs will increase the risk of the economy slipping ba

anthony mason. new york. ,,,, ♪ laces? really? slip-on's the way to go.ore people do that, security would be like a -- there's no charge for the bag. thanks. ♪ i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there's a mileage card that offers special perks on united, like a free checked bag, united club passes, and priority boarding. okay. what's your secret? [ male announcer ] the new united mileage plus explorer card. get it, and you're in. thanks, roberta. . >>> monday november 28th coming to an end with a high of 57 drese. good evening, we're live, this is a look out this evening. the fog is rolling in to santa rosa, napa with visibility a quarter of a mile. temperature overnight, 46 san jose to 50 in san francisco. it was only 55 in san jose today. tomorrow a foggy start for the morning commute and partial clearing with highs at 60s. that yellow area is a dense fog advisory to 9:00 tomorrow morning. use your headlights. here we are, we have the fog developing througho

anthony mason and david martin report it's all fallout from the failure in washington.

our senior business correspondent anthony mason is on the floor of the new york stock exchange. anthony. >> reporter: the dow is over 12,000 again, scott, and all 30 stocks in the index were actually up today, and as you say, the dow is now back in the black for the year. the rally began at the opening bell and never lost momentum. all three major armies were up more than 3% on the day. >> the european move was definitely the spark that lit the fire. >> reporter: the fed's coordinated move today with the central banks of europe, england, japan, canada, and switzerland, cut the cost of borrowing dollars for european banks. in the fed's words, "to sees strains in financial markets." but that won't solve europe's long-term debt problems, says david lot. >> you know what, anthony, it solved the immediate problem and the immediate problem was make sure we didn't have a failure of a major financial institution that could have caused lehman brother's type impacts. >> reporter: the markets like the key numbers on jobs, housing, and manufacturing, all coming in stronger than expected. mor

anthony mason is on wall street. will americans lose their payroll tax cut next month?orah o'donnell is with the president. we learned today the nuclear meltdown at the fukushima plant was a lot worse than we knew. lucy craft reports on fears about food safety in the area. and violent street gangs

nancy cordes and anthony mason on what happens now to payroll taxes, unemployment benefits, and more.ob orr on

warned today that europe's debt crise could hold back economic growth in this country, and in fact, anthony mason tells us, the fed cut its growth forecast today. >> i certainly understand that many people are dissatisfied with the state of the economy. i'm dissatisfied with the state of the economy. >> reporter: ben bernanke admitted the numbers were weak. he said economic growth did strengthen somewhat in the third quarter. at the same time, the fed chairman said, the long-term outlook for the economy is getting worse. the fed sharply cut its forecast for growth this year. in june it projected 2.8%. its new forecast is more than a full point lower. and it cut the outlook for next year, too, from 3.5% growth to a much slower 2.7, which economists say is not enough to spur significant job growth. >> in sthort, while we still expect that economic activity and the market conditions will improve gradually over time, the pace of progress is likely to be frustratingly slow. >> reporter: that's especially true with the unemployment rate. thousands lined up in coconut creek, florida, today for a chance

anthony mason reports. >> reporter: the black friday weekend is the starting gun for the holiday shoppingson. and it went off with a bang. sales on black friday alone were up 6.6% to more than $11 billion. making it the biggest shopping day ever according to shopper track. >> if i wait till later, i won't get any good ones. >> big discounts. >> i've come for the deal, absolutely. >> and earlier opening hours paid for for retailers. >> it's all crazy, but i figured this year why not? >> foot traffic was up more than 5% from last year. almost a quarter of black friday shoppers were in stores by midnight thursday, according to the national retail federation, which estimated spending for shoppers jumped more than 9% for the post thanksgiving weekend. >> why do you think sales are so strong? >> the consumer is much stronger and healthier than people understand. >> retail analyst craig johnson says americans have been paying down their debt. four years ago, the percentage of income that households were spending on mortgage, credit card and car payments peaked at nearly 14%. it's now fallen to 1

we asked anthony mason to look into what europe means to business and jobs here at home. >> reporter: at the remains lighting plant in brooklyn, new york... >> these are fixtures we make here. this and this. >> reporter: owner dave calligeros makes lighting fixtures that he ships around he world. this is headed where? >> it's headed to london. >> reporter: calligeros who has about 50 employees, even has a showroom in london. how much a part of business is europe for you. >> probably like 15% or 20% by the numbers. >> reporter: but with europe on the edge of an economic abyss, calligeros knows his business is at risk. so you're anxious about this? >> yeah, it's unnerving. i pay more attention to the stock markets and the business section than i'd like to have to. >> reporter: europe is america's second-biggest export market. $523 billion worth of u.s. made goods were shipped abroad in the second quarter of this year. $116 billion of that went to european countries. that's 22% of our exports. looking at the landscape right now, what's your biggest concern? >> it's literally europe. i me

anthony mason and david martin report it's all fallout from the failure in washington. leree american students are swept up in massive riots in cairo while egypt's military rulers say they'll give in to the demonstrators. elizabeth palmer is in the capital. and a drought of historic proportions: cities running out of water. anna warner reports from a town that is down to its last drops. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. having failed to bring the federal budget under control, congress left on vacation, pulling the rug out from under consumer confidence as we head into the most important shopping season of the year. the failure to reach a compromise means that payroll tax cuts and extended unemployment benefits could expire new year's day, cutting into the income of millions. add to that uncertainty a report that we just got: the government says that the economy, as measured by the gross domestic product, grew more slowly in the third quarter than we thought. it was revised to just 2%. that is down from

but as anthony mason reports, with nearly 14 million people out of work, that is not nearly enough. >> reporter: in gill some, new hampshire, at the badger company, the balm business is booming. >> business is strangely and actually excellent for us. >> reporter: bill whyte's company makes hand and lip balms and sunscreen sold in 25 countries. with badger sales up 7% this year, whyte is gearing up for the holiday season. but he isn't increasing his holiday hiring. >> we're hiring about the same number of people as we have in the past. >> reporter: whyte needs just six people, but says he gets ten applications a week. generaller if was filling one out. >> i wasn't going to but my mom's restaurant just shut down. >> reporter: whyte can hold back on hiring because he's just opened a new, more efficient plant. >> we're able to do quite a bit more work in the same space with the same number of people. >> reporter: private businesses like badger added just 104,000 jobs in october while governments cut 24,000. but to get back to prerecession unemployment levels of 6%, the economy would need

we asked senior business correspondent anthony mason to look into it. >> reporter: the black friday weekend is the starting gun for the holiday shopping season and it went off with a bang. sales on black friday alone were up 6.6% to more than $11 billion making it the biggest shopping day ever according to shoppertrak. >> if i wait until later i won't get any good items. >> reporter: big discounts and earlier opening hours paid off for retailers. >> it's all crazy all over the place. a little too much but i figured this year why not. >> reporter: foot traffic was up more than 5% from last year, almost a quart over black friday shoppers were in stores by midnight thursday according to the national retail federation which estimated spending for shoppers jumped 9% for the post-thanksgiving weekend why do you think sales were so strong? >> the consumer is much stronger and healthier than people understand. >> reporter: retail analyst craig johnson says americans have been paying down their debt. four years ago the percentage of income households were spending on mortgage, credit card and car pa

with the passengers bill of rights, that's not supposed to happen so we asked anthony mason why it did. >> reporter: as the hours ticked by and diverted jetblue flight 504 remained stranded on the tarmac in hartford, the frustrated pilot radio it had tower. >> reporter: the problems began saturday afternoon when snowy weather and instrument troubles forced the diversion of about 50 planes from new york airports. 23 of them with 1,700 passengers aboard landed at the relatively small hartford airport. jetblue 504 with 129 passengers aboard was among four jets stuck on the hartford tarmac for seven hours or more. and as toilets stopped operating tensions started rising. >> reporter: the paraplegic was 32-year-old jimmy brown, paralyzed from the waist down. >> behind us there was almost a fight. >> behind in front of us people are yelling. fi "just bring the stairs, let us get off the plane." yelling at the pilot and airline attendants. >> reporter: under a new passengers' bill of rights, an airline can be fined the $27,500 pa per passenger for delays of more than three hours but fliersrig

anthony mason and david martin report it's all fallout from the failure in washington.hree american students are swept up in massive riots in cairo, while egypt's military rulers say they'll give in to the demonstrators. elizabeth palmer is in the capital. and a drought of historic proportions. cities running out of water. anna warner reports from a town that is down to its last drops. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. good evening. having failed to bring the federal budget under control, congress left on vacation. pulling the rug out from under consumer confidence as we head into the most important shopping season of the year. the failure to reach a compromise means that pay

first anthony mason on how this hits consumer confidence. >> reporter: we should get a sense of what impact, if any, scott, that this had on consumer confidence quickly. this black friday weekend when 150 million people are expected to head for the malls. the holiday windows at new york's lord and taylor department store always draw a crowd, but ceo brendan hoffman will tell you.... >> the important thing is that they come inside and shop. >> reporter: lord and taylor sales in its 46 stores are up strongly this year. but congress's failure to cut a deficit deal is threatening to put a cloud over the crucial holiday season. >> washington is not really helping out right now. are they? >> i don't think they are right now. >> reporter: if congress allows the payroll tax cut to expire, 121 million families will lose on average $934 out of their paychecks next year. what is your sense of what the consumer mood is right now? >> i think the consumer is confused. with everything going on in washington, the gyrations of the market, the high unemployment rate, the consumer is confused. >> repor

. >> osgood: anthony mason visits the star of the pop group florence and the machine.artha teichner takes us to the nation's newest art museum. out west lee could you and sums up the trial of michael jackson's doctor and more. but first here are the headlines for this sunday morning the 6th of november, 2011. the 5.6 earthquake, perhaps the strongest in state history, rocked oklahoma last night. it was followed by a second quake a few hours ago. the quake buckled highways and left cracks in some buildings, but there are no reports of major damage or injuries. after a debate with newt gingrich in texas last night, republican presidential contender herman cain got angry with reporters, asking about that decade-old charge of sexual harassment. cain says he's already denied it and doesn't want to talk about it anymore. singer andy williams announced last night that he is suffering from bladder cancer. williams, who is 83, promised an audience at his theater that he would return to the stage next fall to celebrate his 75th anniversary in show business. former heavyweight bo

nancy cordes and anthony mason on what happens now to payroll taxes, unemployment benefits, and more.ob orr on how a lone wolf was stopped in his tracks. what police say a new york terror suspect was planning. protests against the latest use of pepper spray against the occupy movement. ben tracy is covering. and mark phillips on the parents of a murdered teen testifying about how reporters hacked her phone messages and gave them false hope. >> i heard her voice and i was... it was just... "she picked up her voice mail! he's alive!" captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. both parties-- republicans and democrats-- failed today in the most basic function of

anthony mason is on wall street. will americans lose their payroll tax cut next month?ah o'donnell is with the president. we learned today the nuclear meltdown at the fukushima plant was a lot worse than we knew. lucy craft reports on fears about food safety in the area. and violent street gangs in college sports. cbs news and "sports illustrated" team up to investigate. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. a coordinated global effort to head off a panic over european debt sent stock markets roaring around the world today. the dow closed with its biggest gain in nearly three years. it started when the federal reserve bank in washington and

anthony mason has the story. pakistan cuts off supply routes to american forces after u.s. helicopters attack pakistani troops. mandy clark is in afghanistan. david martin at the pentagon. another woman comes forward to claim a relationship with g.o.p. candidate herman cain. jan crawford looks at his campaign and children falling into poverty-- some living in their cars. one county fights to get families back on their feet. >> to still put this glow on the outside, that's the hard part. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. mark the calendar: tonight we may bex pernsing the biggest sales day in the history of the internet. and that comes after the biggest black

anthony mason tells us what they say about where the any economy is headed now.tman. tonight, proof that an elephant never forgets. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. with herman cain essentially tied for the lead in the republican presidential contest we've been following late-breaking developments on thos

anthony mason on why he's telling his story now. >> they were taking away my mother!"cbs evening news" with scott pelley. >> pelley: good evening. we're beginning tonight with a story that really brings home the impact the great recession has had and is having on this country. a new analysis of census b

anthony mason reports, the fed sees the economy slowing and makes a new prediction for unemployment.t treatment for cystic fibrosis that targets the genetic cause of the disease. and honors for american heroes. ben tracy reports they never lost faith in america, even when america lost faith in them. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. now a third anonymous woman is accusing republican presidential front-runner hermain cain of sexual harassment. cain, for his part, is not shedding any more light on the subject. he stayed in washington today, the one placee'