gerry sandusky is lawyers says that the clients have known about that for three years. the pennsylvania attorney general says he is not the target of the investigation at this time. horace holmes, abc 7 news. >>> we will update you on our poll on this question whether or not joe paterno should step down because of the scandal. nearly half say yes. just over half voted no. log on to wjla.com and let us know what you think. >>> newschopper 7 was over four- car crash in college park. the accident led to backups at 7:00 p.m. this evening. four people were hurt. >>> police in alexandria say a man was struck and killed by a minivan on northbound 395 near seminary road. police say the driver of the vehicle will not be charged. >>> 7 is on your side with the story of a 24-year-old woman who has become an internet sensation by teaching americans salnglang to young people in china. her fan base is off the charts. she has received 4.5 million hits on line in three months. >> hello. this is a test. >> she hails from midwest usa. right from her capitol hill apartment, the 24-year-ol

gerry, you've been talking about this a lot on your show on fox business news.re are the numbers, the official numbers and then there's reality, right? >> i mean, come on, i want ben bernanke to go grocery shopping with me, come on, there is inflation out there. everybody at home knows it. you dig down into these numbers and what you find, airline tickets up 10%, apparel up 4%, food is up 5% and at thanksgiving this year, going to be paying 13% more for your dinner which is why, neil, i was hoping i might score an invitation. >> neil: i was trying to go the other way around with you. you know, it is interesting. i mean, don't worry about inflation right now. interest rates are really, really low. they're going to stay really, really low. everyone almost in lock step on that and then as gerry points out, you see these stubborn rises in all this other stuff. >> when you say everyone, you're talking about people who want to see the stock market manipulate higher and wants to see the government find a way to pay off their bills. they're not talking about savers, not

>>gerri: and that is clear. >>shepard: gerri willis part of the best team in business, we watch the "willis report" each day at 5:00 each eastern, 4:00 central on the fox business network, the fastest growing business network on television. and, now, politics. the presidential candidate herman cain when you thought it could not get more interesting talking about sexual harassment allegations in the past, he said they are settled, and today he says he never changed his story. and now the news from washington. yesterday, carl, he said he was unaware of a financial settlement in connection with the allegations and, later he acknowledged he was not aware of an agreement, not a settlement. help me figure this out. >>carl: what he said he didn't know there was a settlement and then he said he tried to get a really big settlement, one of the women who comes forward with the charges, but she got a severance package of three months pay a distinction in whether or not he remembers the process but it doesn't change the hea

>>gerri: over two years.>shepard: for a company that is losing our money as a matter of course, and that is hard to defend, isn't it? >>juan: well ... >>shepard: how will that play? >>juan: what they have is a pinatta with the c.e.o.'s because there is no way, no way you believe you have to pay those salaries in order to get "the best," possible talent to get us out of the mess which we wasted your money and those organizations, those government-sponsored entities still owe the american people billions coming out of the housing mortgage crisis. and, so new to say, and give us more money because we have to get the very best people to clean up the mess and the money is coming in the form of big bonuses at christmas approaches and we still have 9 percent unemployment, it is a difficult sell and you have issa up there, it is a pinatta, just whipping on it. >>shepard: pretty interesting on the web site. a gloomy day in washington, right? >>juan: i heard you say it is cold and rainy in new york, and it is cold and

and gerri is here. have you been shopping? >>gerri: red smokin' hot, the sales. >>shepard: we could break all kinds of records and folks will spend more than $1 billion online in 24 hours. >>gerri: 26 percent increase on black friday alone. not unfortunately all holiday sells but the holiday sales make up 35 percent of all sales and amazon got 50 million people, and these numbers, online sales growing each quarter. 18 percent. 17 percent. and 13 percent. the bricks and mortar people have to be salivating. >>shepard: brick and mortar were up 16 percent? gear 16 percent. >>shepard: and today they expect blockbuster numbers and the dow is now up 238. a god day. >>gerri: and it has to do where your favorite stories, but this is not going to continue. expectations for the holiday season seems up 2.8 percent, very different than the last couple of days. and what you know about holiday sales, we start off with a big bang and the next week we are like, well, maybe it is not as good as we thought and right after christmas we are thinking, that was a stinky holiday. >>shep

>>gerri: not good.pard: gerri will be back this afternoon on the "willis report," airing 5:00 eastern and 4:00 in oxford. the confessed kill neither norway in court today, remember that one? once inside he declared himself to be a resistance fighter. but a judge shut down that argument and police say the antimuslim extremist murdered 77 people first in a bomb attack in the cap 258 city of oslo and gunning you down people at a summer retreat. today he claimed he was a military commander in the norwegian resistance movement and the judge told him not to speak unless it concerned court matters and he is due in court in february. now the senator for missing two-year-old boy in washington state. the case is close to becoming a criminal investigation. streaming live from walk, the boy's father said today he believes custody is an issue? >>reporter: that's right. the father has never believed his ex-wife's story of having left little sky in the back seat of the car after running out of gas all alone and going

it is bizarre. >> what has the past week been like for our gerrie sandusky? i chat with him right here on wbal tv. >> the owings mills mall has fallen on hard times. store after store has left, and it raises questions about its status. that is about to change, as baltimore county executive announces a $70 million project to bring them all back in a big way. -- the small back in a big way. >> the owings mills mall was the place to be in the mid '80s when this place was built. over time, it has become rundown. we found out todayverything is going to change in the coming years, including seeing most of them all demolished. it will bring in new stores and change it from an inside mall to an outside mall. >> some would say is long overdue, but it looks like you can finally waved goodbye to the old owings mills mall. >> to the people of owings mills, congratulations because it is going to be happening now. >> baltimore county executive kevin chamowitz signing a memorandum of understanding to completely restructure the mall. the project is receiving a lot of praise

>>gerri: i'll drink beer any time. >>shepard: switch over to the gerri willis for fascinating business news. and there were 397,000 new applications for jobless benefits, which is 9,000 fewer than the week before, and only the third time it has fall be below 400,000 mark since the month of april. and we are told it means businesses are laying off fewer workers. so good news. fox news is america's election headquarters and a lot of finger-pointing in the wake of the herman cain sexual harassment scandal and backtracking. the campaign accused rick perry's staffer, i, kirk andersn of leaking the story of sexual harassment. this guy, anderson, used to work for cain as an advisor on the 2004 senate bid but, today, on fox he denied he leaked anything about the story and said cain never told him of the allegation. >> all this stuff about would leaked whatever, any reporter in the free world is free to tell anything to anybody that i've ever said to them about herman cain. i have nothing to hide and i have affinity for the guy

we call this gerry-rigged. it's the way politicians in both parties draw lines to protect their own seats. by packing them with the voters they want. not what you might want. some examples in the hour ahead. a narrow grassy strip drawn by democrats as the connecting point for one gerrymandered district in illinois. in north carolina, republicans use the width of this river to help design a district crammed mainly with black voters. in california, it was a citizen's commission which used this narrow sandy beach to tie together parts of another district. republicans and democrats alike have been drawing weird districts like this going back some 200 years. the results, when both parties can create safe seats for politicians, voters have less influence over what happens in washington. when you ask, why congress is so badly gridlocked, so unwilling to compromise, gerrymandering is one of the answers. in chicago, squeezed between two freeways this narrow strip is needed to connect two halves of a gerrymandered distri

>>gerri: unbelievable. so he ran a.i.g.nd kicked out of the company and now he runs star which was the biggest investor in a.i.g. and they want their money back, because their investment has lost 98 percent of its value and they are suing the federal government for this money. >>shepard: why is he bringing the suit if she no longer part of a.i.g.? >>gerri: well, i don't think he is happy about the way things went. he was, had criminal charge filed by spitzer the then new york attorney yen and he fought back and his board said he had to leave the company is he stepped down and he settled for $15 million but this has been an unfriendly situation at best, and don't forget, this is a company that not only got bailed out, but they gave bonuses to their executives when they were getting this money which is what makes so many people angry. >>shepard: they seem to think no one is paying attention to them which no one was for many years. >>gerri: that is true and bad mortgage debt, that set a.i.g. on this course as we saw with so ma

jackie gerris, thanks. >>> violent protests in cairo.esters, at least 24 are dead, hundreds injured. the violence is escalating after four days of clashing between security force ands protesters. so let's head to cairo and ivan boston. good morning, ivan. >> reporter: good morning, carol. that's right. thousands of people slept here overnight on blankets that were being brought in to support them. the crowds are swelling throughout the day. meanwhile, in the streets leading away from the square in direction of the interior ministry which is a five-minute's walk away, that's where the battles are raging between riot police and angry young ee jipgszs. there are clouds of tear gas back therement we just came from there and we had the good fortune to be equipped with gas masks. the young people in there don't have them. they are spitting and puking from the effects of this gas running up to us with canisters. one of them i saw today showed that the gas had been manufactured in jamestown, pennsylvania. and we can see another cloud billowing u

>>gerri: we got good news from challenger, gray, and christmas. a head hunting firm, saying the number of announced layoffs is down dramatically. and another report from the private sector, people not in government jobs, jobs were up 110,000 the previous month. that is good news. but the devil is in the details. the big jobs report comes in at 9.1 percent, unchanged so we are not making big headway on that very important number. >>shepard: but the federal reserve making news. >>guest: bernanke's speaking and everyone listens. he goes on and on and on because they have a public press conference where he answered questions. the biggest take away from his announcement today because they are not doing anything to ease monetary policy here, they are ratcheting down their expectation for jobs growth for the next three years. fairly dramatic. that is what the market was coming down on. in midday today as they digest the numbers. and working through his temperature, trying to get their arms around what the federal reserve chairman said. >>shepard: what is

it is bizarre. >> what has the past week been like for our gerry sandusky? he goes one-on-one with donna hamilton tonight on a wbal-tv. >> kind of an interesting day. we have had relatively mild temperatures. fog this morning. this grain activity -- very light and scattered -- down into the district of columbia, northwest part of district of columbia. share activity is moving east. very spotty, in some cases sprinkles. it is related to a cold front that will dramatically change our weather. details in just a minute. >> police are looking for information on an alleged a jewelry thieves. authorities say the man in this photograph walked into the kay jewelers store on october 27. we are told that the man asked to look at a gold necklace, and when the clerk brought it out, he snatched it and ran. anyone with information is asked to call metro crime stoppers. the search continues for the person who shot and killed a man in northeast baltimore. police responded to loch raven boulevard just go for 9:30 wednesday night. we are told that the unidentified victim was s

>>gerri: yes, be generous. that is a possibility. >>shepard: as my nephew would say "my mile, mine, mine, mine." gear or just wait, if a lot of people leave, the airline will be forced to double up and triple up on points and you will be the winner. >>shepard: winner. winning. gerri part of the best team in business, on the willis report on the fox business network. if you don't get it demand it were the only suspect in the disappearance of an american woman in aruba will leave his cell in a few hours. so who ordered the cereal that can help lower olesterol and who ordered the yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole gin oats that can help lower cholesterol? honey nut cheerios. insurance ... but afraid you can't afford it? well, look how much insurance many people can get through selectquote for less than a dollar a day. selectquote found, rich, 37, a $500,000 policy for under $18 a month. even though dave, 43, takes meds to control his

play-by-play courtesy by gerry sandusky. >> will head over the team by a couple of minutes.i want to check in before the internet. it should be an absolute experience. nobody expects towns and to win at cantus. they have 113 consecutive home owners. it should be the experience of a lifetime. i checked in with them at the should around. allen field house is one of the absolute cathedrals and named after the legendary basketball coach. the interior is a simple but spectacular. cold, elegant, and intimate quito filled with reminders of kansas success. of the banners of of five national championships hanging from the ceiling. he had a chance for a feel from the floor. it will mark the start of the pat era for the tigers. he tries to take them in the direction of kansas. no one expects him to take them past kansas tonight at allen field house. >> gerry in his hotel room. >> also interesting to that, you have michigan state and north carolina playing on an aircraft carrier in san diego. >> that is while. >> it has never happened before. is to be interesting, will be next with a lo

>>gerri: four days.g with october 27 of this year they started fining that $200 million in client account money was missing. and the next day, the 28th, the firm tells the trading organization in chicago and regulators that customer funding was in "good shape." and october 31st they file bankruptcy and november 1, layoffs of over 1,000 people, and those folks by the way, are still being paid through today. merry christmas, that money is over. >>shepard: interesting so in the middle of all of this is the former governor jon corzine's link to regulators at wall street. >>gerri: the head of the commoditieses future trading commission worked for mr. corzine at goldman as did a myriad people working in the government so he had to recuse himself from prosecuting this case going after him and mf global but he is the brain there at the trading commission is it will be interesting how they handle this. >>shepard: markets are up. up 72 points. >>gerri: reason for celebration. >>shepard: we will celebrate watching

>>gerri: they have 1,066 employees they let get. some heard about it by television. folks not happy and it is creating other problems. that is because when you let the people go the employees are scattered to the winds and who are the bankruptcy trust yankees going to talk to to put together the case on this company? they have hired people who figure out and do forensic investigation to find the $600 million that is missing, and it will be harder without employees there. back to you. >>trace: gerri is part the best team in business, catcher every single night on the fox business network at 5:00 eastern only on the fox business network the most powerful name in business news. if you don't get fox business network you must demand it. u.s. officials generally play down the idea bombing iran's nuclear facility but that doesn't mean some other country couldn't drop our bomb. next, word of a potential middle east arms deal. [ male announcer ] drinking a smoothie with no vegetable nutrition? ♪ [ gong ] strawberry banana! [ male announcer ] for a smoothie with real fruit plu

gerri is fear from the fox business network. >>gerri: i have good news.o, italy is borrowing, their borrowing costs went down because that sent the market down yesterday when we worried about it so our marks are up 80 points. italy and grace -- greece have chosen prime ministers and france had aaa rating reaffirmed. we worried about a domino effect where italy would go down with france. >>shepard: france had aaa? >>gerri: we don't have that. france does. >>shepard: good news on the jobs front. >>shepard: the weekly claims, 390,000, the lowest seven month number, the most critical issue facing the u.s. economy, is the jobs and the trade gap narrowed that is good for u.s. businesses and the economy. >>shepard: and the dow is up 102? gearing up for tomorrow. just wait for tomorrow, shep. >>shepard: gerri part of the best team in business at 5:00 eastern, and 4:00 in oxford on the fox business network, the most powerful name in business news. continuing coverage in the scandal rocking penn state. next we will look at who knew what and when. and how penn state

gerry sandusky is charged with molesting tim geithner8 boys over.ar arrington said he was stunned. >> it's like a death. over 8 kids came out and testified about this? there is nothing good that will come out of that. >> penn state's senior vice president and athletic director resigned on sunday. they are charged with failing to alert police and with lying to the grand jury. the head coach is not a target of the investigation. >>> the driver involved in last night's deadly crash in alexandria will not be charged. a man was killed when he ran in front of a toyota at 6:45. the driver was unable to brake in time and the hit the man. the victims body was taken to the state medical examiner's office for identification. >>> there will be a candlelight vigil for tow wo boys that died last thursday. the vigil will take place on the football field at an elementary school in upper marlboro. the boys died when the car they were riding in a burst into flame after a three car crash. >>> a nationwide test of emergency alert will take place tomorrow at 2:00 p.m. t

. >> jerry and gerry they have the same name but no relation.andusky goes one on one with donna hamilton. >> and making your travel experience better. a $100 million make-over coming up. >> and the i-team discovers what the state isn't telling you when it comes to paying violations. >> high pressure in comprol a-- in control across the area. looking forward to that. the insta-weather plus forecast coming up. hey! hey, baby. [ car starts ] were you eating smoked sausage in here? no! no. could have gotten me one. i did. try the unmistakable flavor of dunkin' donuts new smokehouse breakfast sandwich, with smoked sausage from hillshire farm. america runs on dunkin'. don't miss the bold taste of the new smokehouse sausage sandwich from dunkin' donuts. what? where? don't freak, it's gone. how? who did it? i did. with one of these. this is a mouse trap? yeah. it's a different kind of mouse trap from ortho home defense max. it's guaranteed to kill the mouse. just push down this little lever right here and it does the rest. nothing to see, nothing to tou

>>gerri: what is sending the stocks lower today. here is what is happening. the interest rate that the italians have to pay on the bonds, to attract people to pay their debt 7.5 percent. and the germans fay -- pay 1.8 percent. so, a disaster with the eighth biggest economy in the world. but, the ecb cannot bail these people out. they do not have enough money to do it. the deal previously was only for greece. and also this afternoon you may not have seen about greece. they cannot get a prime minister. their talks to get the government together are failing and people are wondering, will the deal work? what will happen to greece? lots of concern and worries out there of both countries and when you talk about italy you are talking about a domino effect. >>shepard: that could include france? >>gerri: potentially. we went to 385 moments ago and we are keeping an eye on this. >>shepard: analysts are worried that the problems that clearly are overwhelming italy are going to spread and if they do they will come here, no doubt about it. >>gerri: we have credit evidence

gerry sandusky is charged with molesting 8 boys over 15 years. lavar arrington once played football for penn state. when he heard about the allegations against gerry sandusky, he was stunned. >> it is almost like a death. over 8 kids came out and testified about this? there is nothing good that will come of that. >> penn state's senior vice president and the athletic director resigned on sunday. they are charged with failing to alert police and with lying to a grand jury. authorities say the head coach is not a target of the probe. >>> the supreme court will hear arguments in the case that could impact the use of high-tech surveillance tactics. if the obama administration is appealing a ruling that threw out at d.c. man's drug conspiracy conviction because authorities installed a gps device without a warrant. the justices will decide whether police need a warrant to use gps device is to track suspects. >>> prepare for some thrills with a new video game. >> here's rob nelson. >> voting by ipad. some voters in oregon today are using their ipads to

longer the head football coach effective immediately. >> his one time friend and assistant coach, gerry sandusky is charged with molestic 8 boys over a 12 year period he was made aware of one incident by a witness but did not report it to police. he says he wishes he had done more. >>> stacy thank you. >>> we are also staying on top of another developing story, washington national's catcher, wilson ramos kidnapped. >> at his moment in venezuela. sarah simmons has the latest. sarah. >> ramos was taken from his home by four armed gun men this happened just before 7:00 p.m. last night, 95 miles west of caracas a venezuelaen newspaper reporting he was outside his house enjoying the early evening with his father and brothers when men pulled up and forced him into an suv kidnappers have not contacted his family he is considered one of the nationals young budding stars he just finished his rookie season and went to venezuela to play in a winter league. the national franchise has not released any information on the situation. messages were sent through twitter, storen extremely upsetting news a

>>gerri: absolutely. and all about debt. europe cannot pay debts and we have debts. europe goes we could follow. that is a big problem. >>shepard: the whole world could follow. gearing up for more. >>shepard: and a man is charged with trying to assassinate the president of the united states and/or his staff. that is the news. and we will check on occupy wall street and judge napolitano will come in. >>shepard: continuing coverage from pittsburgh, person, with the man accused of attempted assassination of president obama or his staff. and judge napolitano is here. we were talking whether there is evercharging. >>judge napolitano: they don't have any evidence to connect him with the rifle or with the bullet. normally a judge would say to the prosecution, before i remand to jail with no jail what evidence do you have he did it. the potential victim is the president of the united states and we want you to protect the president from him. so, it is not initial for the judgment to say no bail. but it is unusual for them to charge him with attempted assassination of the pres

>>gerri: they only care about the european news. this is something you did not have to pay attention to. the rating agencies lost yesibility not last financial crisis and now they are trying to repair the damage and changing the way they evaluate the banks to make it tougher so they look worse. at the end of the day it is not that big of a deal and they do not have much credibility in the marketplace right now. >>shepard: good to see you gerri, from fox business network her program is at 5:00 eastern standard time, 4:00 in oxford, on the fox business network. >> fox news is america's election headquarters. herman cain is making it clear today he has no plan to end the campaign for the presidency. during a rally in ohio, he told supporters the critics are doing all they can to punish him out of the race. >> they want you to believe that we can't do this. they want you t believe that with enough character assassination on me that i will drop out. >>shepard: he referenced allegations including from a woman who claims she had a 13 year

on occupy dc protestors, new allegations surface involving the child sexual abuse charges against gerry sandusky we will fill you in after the break. >>> boxing world lost joe fraser yesterday one of the greatest rivals of mohammed ali, reactions to his death. >>> traffic typical for this time of the morning, we will get the latest weather and traffic from tony and julie up next. 7:11 a.m.  [ female announcer ] we understand that today your life if full of responsibilities. so if you're thinking of going back to school we created the phoenix prep center, a personalized academic planning resource. and when you're ready to take that next step you can attend our orientation workshop, either on campus...or online to see if our university is right for you. our commitment to you begins before you even enroll. explore these resources and more at phoenix.edu. america's fastest and most reliable 4g network in over 160 cities. verizon. built so you can rule the air. >>> making headlines new details surrounding a former penn state assistant coach sexually abusing boys. gerry

. >> rose: let me begin with gerry fishbach. tell me about the notion of neurologicalystems. >> i want to talk about stroke because it points out how vulnerable this brain is. as eric said, it's the most complex organ in the body. probably the most complex phenenon that we know in the unerse. it's made up of over 100 billion cells and every one of these cells is worng hard. they need to generate enormous energy to maintain thei signal, their ability to talk to each other in the brain. and for this they need oxygen. and the oxygen is brought to them by the blood supply. you can put a tourniquet around your arm and cut off the blood flow for a minute, for several minutes. many of us have had our blood pressure taken and once in a while th physician walks out of the room and forgets that the cuff is still inflated and even though you may be squeezing your hand, you're fine for up to ten, 15 minutes or longer. but if you cut off the blood supply to the brain for seconds, maybe even 30 seconds, that brain will not function any more.

gerry sandusky sets the record straight about having the same name. g.is jergerry with a >> experts say most of child abuse victims know their attackers appeared only 10% of the cases are never reported. jennifer franciotti joins us live with some tips on how to protect your child. >> experts say the more you talk to your kids come at a better chance you know if something is more. 90% of kids know their abuser. there are signs to look for -- depression, a slip in grades, or if the child exhibits more sexualized behavior. >> if they start touching other children in class in an inappropriate way, if they start having nightmares. some children will regress, there will start having accidents and will not use the bathroom the way they used to. >> coming up, some conversations that experts say you should be having with your children on a regular basis. jennifer franciotti reporting live. back to you. >> the search is on for the person who shot and killed a man in northeast baltimore. police responded to loch raven boulevard last night. the unidentified vict