. >> and its impact on the nyse. the development in greece has affected them. the dow jones industrial average was up by a good 1.75%. the pace of growth in the services sector slowed last month. in spite of the games in new york, the crisis in the eurozone continues to weigh heavily on stocks. market closed in positive territory. > what is in the mind of traitors? europe. and that is not just for the past couple of weeks, but months. the reason everyone pays so much attention to what is going on in the europe, one, they are a very important trading partner to the u.s.. and on the other side of it, there is pressure on the euro. the u.s. has been doing everything for years now to keep the dollar value down for export into the u.s. that is why it is so important, what is going on in europe, to wall street. the feeling is that there will not be a referendum. >> and that was james in new york. a meeting in france and not just to talk about greece, but to talk about the wording of more crises. -- thwarting off more crises. >> g-20 leaders meeting in canbnes want to

spokesman for the nyse said that the protest did not delay the opening bell.ore protests outside city hall are planned for later today >>> in los angeles, about 500 occupy protesters, mostly from a coalition of labor unions marched from downtown, sat down in and area between the bank of america tower and the wells fargo plaza. police arrested at least 23 protesters by mid-morning. >>> and if you are looking for continuing coverage of the occupy protests, you can find the latest developments on ktvu.com and on your phone with mobile ktvu.com. >>> the nation's energy secretary blames himself and not the white house for the half billion dollars loan to solyndra which went bankrupt this fall. >> as the secretary of energy,  the final decision on solyndra were mine and i made them with the best interest of the taxpayers in mind. >> reporter: energy secretary stephen chu testified before the energy committee. he says that the white house did not try to persuade him to approve the loan to the solyndra company. he says that unexpected market changes led to asteep dec

viacom is the first nyse company to move to nasdaq this year. 11 firms have left the nasdaq to move here. >> susie: spec of the number 11, 11-11-11 was a lucky day on wall street. i nice robust rally to end friday. >> tom: you called it awhile week when doing the market recap. it certainly was and it looked like we could end the week really on a down note, especially earlier in the week. but nice buying two sessions in a row, we wind up on this friday evening. so let's roll with tonight's market focus. >> tom: a veteran's day rally for stocks with the bond market closed for the holiday. a sense of stabilization developing in europe helped improve the appetite for stocks. the s&p 500 saw a nice bounce today, jumping almost 2%. here are the past 30 sessions. the index has pushed up close to the high off the october rally. leading the market today: consumer stocks. the consumer discretionary sector gained 2.5% followed by the economically sensitive sectors, industrials and materials up more than 2% each. last night's earnings from disney fueled the consumer sector. disney led the dow indust

justine >> demonstrators from occupy wall street are striking in hitting the nyse-listed morning. this is a part of a series of actions to mark two months since the occupy protests began. demonstrators plan to start on wall street. they will be taking over the subways and ending with a rally at city hall. scores of people are on hand. >>james: this afternoon is a local school. patchy fog this morning. light rain in the north bay. snow in the sierra. there is a weather advisory in effect. it will last for much throughout the entire morning hours. here is where temperatures should be. to >>darya: said a pennsylvania lawyer says his client will testify that he is the victim of severe sexual assaults by jerry sandusky. that statement comes just two days after sandusky said he was innocent of the criminal charges against him. his lawyer says he expects some of the alleged victims to come forward and said that criminal conduct did not occur. >>darya: a police chief says he did not receive any report when he says he saw sandusky raping a boy in the team showers. in the e- mail, mccrery d

stock exchange, nyse yesterday. the market is closed for the thanksgiving day holiday.hat will be a relief to many investors. the market certainly falling sharply into the red. that was the sixth straight session that they fell into the red on wednesday. taking a look at the numbers, dismal numbers, all three indices more than 2% down, the dow 236 points to the worst. with all the eurozone gloom traders didn't want too much exposure over the long holiday. there was a lackluster support on the job market which added to the down beat mood. welcome back, you're watching "world business today." >>> now, it's all about counting your blessings. turkey, traditions, the u.s. is gearing up for one of its most important annual holidays, talking, of course, about the american thanksgiving. before the big day itself on thursday, there's actually quite a to-do list. first the u.s. president always pardons a turkey. >> i like doing this. you are hereby pardoned. >> this particular beast won a kind of thanksgiving turkey jackpot and won't, in turn, end up in the cooking pot. 45 millio

but the problem today, we were at the nyse and zuccotti park earlier and barricades and protesters do not mix well. some protesters feel these are a way to kind of control them and we saw earlier, several get arrested after moremoving barricades at sioux crotty park. i think the hope is that this march will follow the direction the nypd wants and that none of these protesters will cross on to that road. march is expected to come through here in about an hour, r so we'll update you later. >> thanks very much. meanwhile, hundreds of demonstrators gathered in the los angeles financial district today. casey wian has the latest. what's happening there now? >> it's a lot quieter right now, but earlier today as you mentioned, hundreds of people out here protesting, shutting down briefly one intersection near the financial district of los angeles. lapd says 25 people were arrested this morning. then a separate march this afternoon where three other people were arrested. so that's a total of 28 folks arrested. they're charged with misdemeanor. folks here say they're just trying to get their me

i'm always so used to seeing the nyse.tine, we were talking moments ago with john morton from i.c.e. talking about all the frauds out there. we have to be careful. >> well, you have to be careful about your own economy, don't forget. because as we know the last two quarters, kyra, people are taking home less money. that's not as much money as there used to be in the average person's paycheck. where is the money coming from for these record sales? it's coming from savings and on credit cards. so you have to be very careful about what kind of debt you're taking on. earlier today, marshall cohen told me that about 44% of people who shopped this weekend shopped for themselves. it was pent-up demand. not necessarily holiday shopping. but really people who have been waiting for bargains to buy for themselves. the national retail federation, which is of course the big trade industry, trade group that critics say is actually a cheerleader for getting you to spend money that you don't have, they say it was a record 16% increase in

here at the nyse, for every one stock rising, there's one falling. what's worrying the markets?ly's debt crisis is getting worse. just look at their bond market. their ten year bond yield hitting a record high. topping 7%. this is how governments raise money in the first place. they issue bonds to raise money. the problem with italy now is no one wants to buy italy's bonds. it has to pay a higher interest rate. this is leaving everybody to wonder, will italy be the next country to need a bailout? and that is what is worrying the markets today. >> so alison, when silvio berlusconi said he's going to step down yesterday, the markets actually rallied. why isn't it helping out today? >> exactly. you know, the thinking yesterday was that burl scoerlusconi's resignation would lead to fiscal changes. reality set in today, people realizing, hey, there's no quick fix for a debt crisis that's this big. look at italy's issues compared to greece, they are much bigger. italy is europe's third biggest economy. its debt load is six times bigger than greece's debt. also, ireality's setting in a

that is the fresh beat band up on the nyse stock change. >>> big box retailers opened their doors well urging people to boycott black friday. they want shoppers to be aware of how they spend their money while minnesollions of american out of work. >>> massive protests are under way once again today. we are looking live at tahrir square in cairo. they are calling for a million man march to move toward a permanent government. we are in cairo with the latest following all of this for us. it looks like the crowds have swelled further than when we last spoke. >> reporter: good morning. it's a very busy day here on friday. the sun is going down. the numbers in tahrir square continue to rise into the tens of thousands. they were asking for a million. they have definitely gotten enough to send a clear message to the military rulers of the country. they want a democratic government. they do not want military rulers in power. the military rulers and supporters say they will not be pushed out of power by the protesters. they don't represent the entire country. in fact, they have gone ahead with a