we are illustrating equality and empowerment of other women. >> gloria steinman who, of course, is the 60's and 70's say they sold out the women's movement. it's interesting, sarah palin in that same interview seemed to distance herself a little bit from michelle bachmann. not necessarily calling that "newsweek" cover sexist and seems to want to distance herself a little bit while saying we are the new women's movement. >> that's so interesting because the national organization of women rebuked "newsweek"'s cover because of the one that shows michelle bachmann because it made her look crazy. it was a test shot they used as her cover and created a lot of controversy but she did not jump on that but i also thought it was interesting that gloria steinman feels as though if you don't agree with her, you're setting back the women's movement. i thought the women's movement was freedom to act the way you want. >> and to support all women. >> i am the spokesperson for the women's movement. >> i was sitting here patiently listening to you as the spokesperson. they're supposed to report all wome

economic outlook and also gloria steinman. a packed show for christiane. dan. >>> let's move from the other huge story of the morning. we're hours away of stock markets opening up overseas which is the first taste of how the financial world is reacting to the news that america's credit rating has now been knocked down a peg by standard & poor's. this morning, a question a lot people are asking, who are these people who have sat in judgment of america? dan curry is the white house. >> reporter: who are they? that is a question across the world. tel aviv, delaying their opening fearing a big drop. the white house furiously fought back against this downgrade by standard & poor's, an agency that had to come out and defend itself yesterday. this decision could rock financial markets. the u.s. no longer one of the safest places to put your money. >> this is not really a serious way to run the country. >> reporter: on defense, standard & poor's took to the air waves, claiming the government is broken and cannot deal with its debt. >> it's not our role to galvaniz