in stocks, abercrombie & fitch plunged over 13% on short earnings. dell dropped on late tuesday's report of revenue that fell short. reuters quotes a source saying citigroup may cut 3,000 jobs. in a statement the bank said it would be making, quote, targeted head count reductions. finally, a new national survey shows 25% of people questioned expect to keep working into their 80s because they won't have enough money to retire comfortably. not a picture you want to paint. >>> coming up, a possible rare league switch in baseball. the sport also names its managers of the year and a wrap-up of all the action on the ice. plus big upset win for the long beach state 49ers. they won't soon forget. your early morning sports headlines are straight ahead. >>> well, severe weather is over with but the west coast and northwest is dealing with a pretty big storm. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, a stunning upset last night in college basketball. with the top ten

company offered to pay cast members not to wear abercrombie & fitch. the scandal ensues. meanwhile, on the recent claim he hooked up with cast mate snooki, she told wendy williams she thinks he's disgutting and would rather cut off her legs than date him. >> i'm all over this -- >> you were trying to fill me in -- >> on the show she denies it, but after the show she admitted they were together that night but then weren't together-together. >> i feel like i need to have an intervention with you right now. i'm not quite sure why you know all that. i didn't report it, so why would you know? >>> well, this comes to us from wvit nbc connecticut in hartford where nearby hamden an early arrival forced a first-time dad to play the role of delivery room doctor. things got moving quicker than expected after sharegan experiencing contractions. with no time to head to the hospital, her boyfriend, randy, took over. >> you go, randy! >> yeah. after two minutes of coaching, randy delivered his first child, a little girl. >> two minutes? >> -- who has given her new da

a lawsuit on abercrombie and fitch. >> nba cancels more games. coach k. moves to the head of the class. you are watching "early today." >>> good morning and welcome back to "early today." i'm lynn berry. here are some of your top headlines this morning. the secret service says a bullet hit an exterior window of the white house while an additional round of ammunition was also found on the exterior of the white house. this follows reports friday of gunfire near the white house. the u.s. park service believes the shots were fired from a passing car that was later found seven blocks away. authorities are searching for a 21-year-old man connected with the vehicle. >>> a wave of violence has left as many as 90 people dead across syria in a single day. activists say suspected army defectors gunned down nearly three dozen soldiers and security force members in an ambush meanwhile. the subject of syria sparked a melee between two political rivals on a lebanese talk show. they hurled insults and threw a glass of water and held up a chair before the host intervened.

company offered to pay cast members not to wear abercrombie & fitch. meanwhile, on the recent claim he hooked up with cast mate snooki, she told wendy williams she thinks he's disgusting and would rather cut off her legs than date him. >> she says that now. but they did hang out the night -- the alleged night of the -- >> apparently she admitted to it but then denying it on the show and then admitted to it. get your story straight, snooki. i guess she sounds like she wanted to deny it anyway. >> after watching her late night, some of her stories are probably a little blurry. >> that's probably true. >>> this comes to us from wvit connecticut, where in nearbyham den where nearby hamden an early arrival forced a first-time dad to play the role of delivery room doctor. things got moving quicker than expected after sharee began experiencing contractions. with no time to head to the hospital, her boyfriend, randy, took over. after two minutes of coaching, randy delivered his first child, a little girl. who has given her new dad an amazing and memorable star

company offered to pay cast members not to wear abercrombie & fitch.hile, on the recent claim he hooked up with castmate snooki, she told wendy williams she thinks he's disgusting and would rather cut off her legs than date him. yeah. so, bill, as we close out the show, that's going to make her, like, this tall then. >> i think she feels this way now. i'm just not so sure on the alleged night they hung out together she felt that way. >> i have to say they probably did get together. that's my bet, but who knows. thanks, bill. i'm richard lui, this is "first look" on msnbc. "way too early" with wiley geist starts right now. >>> a judge rules the occupy wall street protesters who were swept out of zuccotti park in an overnight police action may not bring their tents or sleeping bags with them when they return. the question is without shelter in that park, what happens to the group as winter approaching quickly? we'll have a report from lower manhattan. >>> one week from today is the deadline on debt reduction and time for congress to find more than a tril

fitch's group managing director david riley joins us now in the london studio.e you made this particular move now? >> we said we could review the u.s. aaa rating in light of the super committee. as you highlighted that failed to take some of the choices the u.s. needs to address in terms of tax and spending. our concern is they won't make any decisions until o 2013 at the earlier. we are worried if they don't put in place a credible reduction strategy, the debt will continue to rise and there's a reasonable chance we would subsequently down the u.s. >> you have maintained the aaa credit rating. why have you done that and how long are you likely to do that for if we fail to see progress? >> we've maintained it because there's still fundamental strengths of the u.s. economy. it is actually still growing which is something you can't say about europe or the united kingdom. it benefits from the global reserve currency status of the dollar. if you look at the overall level of federal debt, it's not that much higher thanks say, france or the uk. in terms of how long we

fitch pointed out the top five u.s. banks have a total of $114 billion tied to french banks.same french banks have large holdings of bonds from greece and italy. >>> also worrying investors, the price of oil crossed above $100 a barrel for the first time since july. on the plus side, output in october at factories, utilities and mines rose at the fastest pace in three months. consumer prices dropping .1%. an index of builder sentiment rose to the highest level since may 2010. in stocks, abercrombie and fitch plunged 13% on short earnings. >>> dell dropped on late tuesday's report of revenue that fell short. "reuters" quotes a source saying citigroup may cut 3,000 jobs. in a statement the bank said it soç head-count reductions. ant you're not going to like this, there's a new national survey out that shows 25% of people questioned expect to have to keep working into their 80s. because they won't have enough money to retire comfortably. put that beach house on hold. >>> well coming up, a possible rare league switch in baseball. the sport alsoç names its managers of the year. a

ratings agency fitch says they're going to downgrade america's outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that's a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what's your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. >> it is about the failure in washington. but the real story and the real reason why this fuse was lit this morning is for the very re

ratings agency fitch says they're going to downgrade america's outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that's a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what's your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. >> it is about the failure in washington. but the real story and the real reason why this fuse was lit this morning is for the very re

fitch is basically saying get your budget in order and we're going to give you until 2013. what they're saying here is that super committee failure now puts pressure on the government, really, to come up with some ways of cutting the deficit here, and if fitch doesn't see anything happen before 2013, that's when they would possibly move officially on the aaa rating. so, at this stage, just a bit of a shot across the bows. >>> one other story to tell you about quickly. this is fascinating. a federal judge stepping in between the s.e.c. and citigroup over a settingment on alleged wrongdoing. citigroup not admitting any wrongdoing took place but agreeing to hand over $280 million. the judge saying, hang on a second, we're not sure this is tran transparent, we want more facts on this. back to you. >> the judge rejecting the $285 million settlement. geoff cutmore live in london, thanks very much. we appreciate it. >>> still ahead on "way too early," eli manning had a good game, throwing for more than 400 yards, but he was playing catch-up to drew brees all night long in new orle

fitch ratings this afternoon said u.s. banks have manageable exposure to europe, the analysis warns if the european debt crisis is not fixed soon, the broad outlook for american banks "will darken." fresh worries about europe's debt crisis spreading were all it took to send u.s. stocks sharply lower in the final hour of trading. the dow tumbled 190 points, the nasdaq lost 46.5 points and the s&p 500 down almost 21. trading volume picked up-- 915 million shares moving on the big board. nasdaq traded just under two billion shares. the day's other big story? the surge in oil prices to over $102 a barrel. that's oil's first push in five months above the $100 mark. behind the move? enbridge's deal to reverse a key pipeline. that action will let 350,000 barrels of crude a day flow out of land-locked cushing, oklahoma, pushing the glut of oil sitting in the midwest to other regions for refinement. john kilduff is an oil analyst and partner at again capital. he joins us live from the nasdaq. nice to see you again. so why would mor

lisbon's credit score was proclaimed junk fitch cited high debt levels and low growth despite a seventy eight billion euro earlier this year this comes as workers angered by deep cuts. in a twenty four hour strike and as r.t. to renegotiate reports more and more desk reported portuguese and now seeking a better life abroad. now expired readers ready to go leave your home and has probably never been easier cricket will figure out why stay in portugal when we know that architects with five years' experience are paid just eight hundred euro's a month is a question a lot of young specialists have been asking themselves lately and a surprising answer may be to leave for portugal's former colonies clint brazil testifies untrue and has been rather stable they had their national truth and then a massive reconstruction process began so there are opportunities for civil construction companies especially and a lot of what he's talking companies went there and they're currently very very active i'm going to maybe know shandi many portuguese are starting to do it at least to the present day. an afri

chancellor again dismissed calls for your bonds to ease for crisis investors also took the news that fitch credit rating agency cut portugal's debt rating to junk status. plus markets ended lower for the president three on thursday with both the indices closing in the red column to the main movers and m i six now energy majors he raised early gains lost almost six percent it was down more than three and a half percent banking stocks also lost their momentum russia's second largest bank p.t.b. was down almost two percent. from metropole wraps up today's trade. we see. sideways and there are several reasons for that i think one is that the market wants to see walker trade actions from your peer authorities particular from e.c.b. in addressing this crisis the reason we're not going down today we're going sideways is that we went down quite a bit the last few days so basically there is. a law and profit taking are we seeing but i think there's a good chance we'll end up the next few days significantly lower. below where we we are at today. foreign companies will be able to list then rush her f

and in jade regulate credit rating agencies like standard and poor's, fitch and moody's. issuers would have to change their rating agency at least once every three years. investors who have lost money because of flawed ratings would be able to sue the agency for damages. >> the only concern we have is that the thermometer should work correctly. so that it does not multiplied or increase the temperature established in a transparent and useful way. >> proposals have to be approved by parliament and member states. that could take until late 2012. >> first nuclear plant operator has sued the government for compensation. it has filed a complaint against the german court. it says that the move to phase out nuclear power will, -- will ost it billions of dollars and they want to be compensated. a french car maker is planning to cut more than 5000 jobs in europe as part of cost-cutting efforts. they hope to save more than 800 million euros. they will lay off 2000 employees in their home market. hundreds of workers protested on tuesday. they have current losses of almost 10 billion

outfront tonight, ratings agency fitch affirms of the united states aaa credit rating but says guess what, we're going to downgrade your outlook to negative from stable. this happened after the markets closed. obviously, something negative and all relate the to the lack of action and the failure of the supercommittee, still stocks is soared on wall street. because the markets closed before that action happened. the dow up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales over thanksgiving surged. that's a fair word. they were up 16%, according to the national retail federation. ibm says it was the best kickoff to the holiday shopping season ever. topping it off today the federal reserve said household debt fell $60 billion. the outfront strike team called this optimism. 85% of them said they were not going to go into recession. when the pundits of america were sure of just that. well, as you can see, they ended up being right. the question is, can this really last? peter kenny is a managing director at night capital. peter, what's your take of

insights as well because maybe remember the story maybe you don't but back in august abercrombie and fitch the clothing company said that they would actually pay the situation as in the character on jersey shore not to wear their clothing here's a little bit of insight into why. i'm a guy and i know that's just doesn't work like that and i know i know some i know stuff that you don't know so he was wearing abercrombie sweats and abercrombie said that basically that the jersey shore is ruining their reputation and i don't know how that's possible but now this situation has fired back and he's actually filed a lawsuit against abercrombie and fitch saying they infringe on his g t l and situation remarks and capitalize them unfairly capitalize on them unfairly with clothes so what do you think does he have a case here he looks we do this by the weird it looks like some kind of seal or something weird like i just i don't know me but it's just something i notice now i've never seen was sort of i don't actually watch the show i just know these guys are total losers and. i can imagine why i've rec

-centric, despite the fact that fitch is based in france. we are expecting this. they're expecting possible regulation on the agencies. a new eu regulator. we are expecting to limit or reduce the reliance on these agencies, especially in europe. more transparency. perhaps more important some would say, a penalty for misconduct by these agencies. this could all open the dialogue for an alternative. listen to this one. >> [speaking foreign language] >> i believe this will start the discussion again that an independent european ratings should be founded, which would give an alternative to the american ratings agencies, which are dependent on private enterprises. >> richard branson. >> he's very good with his german. little mistakes there. we should get that ruling in a few hours. some airline news. shares fell today after it warned of a significant loss for the current financial year. we are talking about the singapore budget carrier. also, high fuel costs is really hurting tiger. it's not all gloom in the airline sector. the european low-cost carrier has reported a

he believes he has been ripped off by abercrombie & fitch. his girl snooki says he's just desperate and broke. he is suing a & f to the tune of $4 million. he says the company actually never made that offer and was simply using him for his name and a profit. the star believes four mill will compensate him for a & f using his catch phrase and selling t-shirts that say the fitch-uation. >> i have no idea what you're talking about. >> join us at 5:00, 6:00 and 11:00.

debt by fitch rating service. so how do you factor in all of those kinds of bits of information into your forecast? >> well, it's not just the u.s. consumer. if you look at rail car loadings and intermoddal loading, they've been very strong over the past four or five weeks. if you look at the port traffic in bound and out boud it's still very strong. if you look at the states that have reported tax receipts, 46 of the states have reported tax receipts up year over year, albeit from a low base, up almost 12% year over year. these are not the kind of readings you see going too a recession. we could, i guess, talk ourselves into a recession but right now as i read the numbers, it doesn't look like a recession to me. >> so what's your investment at that time gee, nice rally today. are you buying into these rallies? i mean what is your strategy? >> actually told people to raise cash back in march and april and we started putting that cash back to work on august 4th. and a lot of the cash was put back to work between au

the world trade organization will cut russia's exposure to oil price fluctuations that's the view of fitch credit rating agency which sees a number of benefits to accession they just as suggests being in the trade club will boost growth and help diversify the economy it also says the move will improve confidence in the business climate and encourage for investment in the country fitch confirmed russia's triple b. rating in september warning that oil price fluctuations could lead to a downgrade. let's talk some more stories log onto a website or two dot com slash business. in canada and the us today it is legal for you to use a bubble bath on your baby that contains a known carcinogen something that causes cancer most of the shines out of most cooking different they are sponsored by industry and most of the guys they don't claim it's a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer in my five therefore i protect. because navy to ninety five percent of the cancers hurt people with family

. >> abercrombie and fitch has a big situation on its hands. >> before you go shopping, check out this year's list of dangerous toys. >>> johnson and johnson has begun removing toxic chemicals from baby shampoos. the campaign for save cosmetics had asked consumers to boycott the company. >>> check your kids christmas wish list now because the consumer product safety commission has released its 2011 risk of -- list of dangerous toys. >> of the biggest problem is choking print children getting toy pieces stopped in their throats. on this year's recall list, there is no shortage of dangerous toys. >> children puts these over their face. >> 181500 children went to the hospital in toy-related incidents. nearly half of them choking to death. many of the 34 toys have that hazard. >> the plastic wire can detach. if that peak -- if that happens these small pieces are removed. >> this was recalled because the keys can break off. >> this is a desk toys intended for adults. but 22 children are rushed to the hospital. >> the madness 3 attract inside the body. -- the magnets reattract inside the bod

joining the world trade organization will cut russia's exposure to oil price fluctuations of your fitch credit rating agency which says a number of benefits struck the session the agency suggests being in the trade quite pro boost growth and how diverse acquire the economy it also says the move will improve confidence in the business climate and encourage foreign investment fitch confirmed russia's triple a rating in september warning that price fluctuations could lose to downgrade. let's spend all your up to date so another business. systems minutes minutes time for you. to. bleach it and discover it's music. communicate with the want to. test yourself and become free. to. see what nature can give you. the. move. to. please. the beauty and. the beast.

consumers spent nearly $1 billion. >>> another rating agency, fitch ratings, deciding the u.s. rating, but its rating outlook is another story. christine romans joins us to explain what the heck that means. what does it mean? >> it means all three credit rating agencies on the u.s. has a negative outlook. meaning there's more than a 50/50 chance that there could be a downgrade from fitch or another downgrade from any of the others. so i remember it was s&p that so famously downgraded the u.s. from aaa, that stellar gold quality credit rating after congress basically punted to the super committee on its debt issues. the super committee has been a super failure. here we go, major debt and deficit issues in this country that rah still unresolved. over all the debt and deficit issues in europe are more unresolved at this point. that's where the focus is. it's why you see the stocks up 300 points one day and today we have features up about 30 points, but european markets turning lower. this morning what we're talking about is europe on the brink until december 9th to figure out how

dismissed calls for euro bonds to ease europe's sovereign debt crisis investors also took a news that fitch credit rating agency cut portugal's debt rating to junk status. here in russia markets ended lower for the first dane three on thursday with both indices closing in the red on to the main movers on the mines it's now energy mage's it raised earlier gains look or lost almost six percent while wilson it was down more than three and a half percent banking stocks also lost their no momentum of russia's second largest bank the t.v. was down almost two percent and market is not the metropole wraps up today's trade for us where you see they're trading two days sideways and there are several reasons for that i think one is that the market wants to see more concrete actions from your peer authorities particular from me she'd be in addressing bizarre crisis is the reason we're not going down today we're going sideways is that we went down quite a bit the last few days so basically. allowing profit taking there are we seeing where i think there's a good chance will in the next few days significa

countries worst hit by the crisis portugal has received a vote of no confidence from ratings giant fitch lisbon's credit score was reduced to junk status which cited high debt levels and low growth despite a seventy eight billion euro bailout earlier this year this comes as the country has ground to a halt over twenty four hour strike workers have been tied to their jobs angry at the deep cuts and the government has imposed to balance the books air traffic controllers joined a protesting rights effectively grounding all flights in and out of lisbon's international airport as artist i mean there are reports more and more desperate portuguese are now seeking a better life abroad. now expects readers ready to go leave your home which has probably never been easier to take of my stay in portugal when we know that architects with five years' experience are paid just eight hundred euro's a month is a question a lot of young specialists have been asking themselves legally and surprising answer may be to leave portugal's former colonies like brazil to present through and has been rather stable t

hit pigs countries a lot of portugal has just received a vote of no confidence from ratings giant fitch lisbon's credit score was proclaimed as junk fitch cited high debt levels and low growth despite a seventy eight billion euro bailout earlier this year and this comes as workers angered by deep cuts walked out in a twenty four hour strike and that is a rino political reports more and more desperate portuguese and are seeking a better life. now expects readers ready to go leave your home which has probably never been easier to take over for my stay in portugal when we know that architects with five years' experience are paid just eight hundred euro's a month is a question a lot of young specialists have been asking themselves lately and surprising answer may be to leave portugal's former colonies like brazil to the present through and has been rather stable they had their national proof and then the mass of their record stretching process again so they're all for a civil construction companies especially and a lot of what she's still a construction company is there and they're currentl

fitch ratings revised the outlook on the u.s. triple-a credit rating to negative.ch says it reflects the decline in confidence in the wake of the supercommittee failure in washington committee to deal with deficit. meanwhile, president obama says he will do what he can to help europe deal with the debt crisis but that will not include your tax dollars. the president met with leader of the european union in washington. ed henry reports on how dire the situation in europe is. >> with experts mourning the euro, president obama knows the crisis has consequences for the u.s. economy and his re-election bid. >> if europe is contracting or having difficulties, then it's much more difficult to create jobs at home. >> amid reports leaders in europe moving closer to a deal to stop the bleeding. wall street rebounded today. but a minor battering compared to this month where the president waded cautiously in the crisis offering no specifics. >> the united states is ready to do our part. >> the cautious comes in part from the president offering the need to offering the leaders