we've got gary b smith, tobin smith. and julian epstein, welcome to everybody. todd, if taxes go up, get ready for that unemployment rate to shoots u, too. >> you've got that right. brenda, not only going to go higher, we're looking at hundreds of thousands of jobs eliminated because of higher taxes. you can't, you can't simply look at small business owners small business comprise of two-thirds of all jobs created in the country in the last ten years, if you're going to raise that personal income tax, that's going to hit the small business owners they won't have enough to go out and hire and we all have to be epared because the lor picture is going to get fragile real quick. >> julian, you agree? >> no, and a certain point on the show and elsewhere we have to stop utterin opinions and using facts. the most definitive study done about this, the nonpartisan agency that republicans and democrats agree to be the ultimateuthoty is the congressional budget office. they looked at this question and they found that raising the top, the rates on the top 2% will have virtu

gary b smith, tobin smith. jonas max ferris. a no deal better than a bad deal. >> it would create more uncertainty or one of the deals they're talking about, which is raising taxes and now, and they trust us, we'll get to the spending cuts later , let's not worry about that right now. the last thing we want to see is a we-need congress and a weak-willed president patting themselves on the back because they have some watered down deal. i think they need to feel some ain, i think they need to see he the implication in the markets, in the ecomy, so, yes, i think no deal right now is better than a bad deal. >> okay, gary b, jim mentioned the market, let me play wall street on tv. basically i'm sick of this. 'm going to keep heading south because the uncertainty, the anxiety is killing me. if we had any kind of deal, at least we might see stocks move up a bit. that wld be good for our 401(k)'s, wouldn't it? >> that's exactly my perspective, brenda. this was a really rough week on the market and it's all related to, n the-- not the fi

hi, everyone, i'm he brenna buttner, this is bulls and bears, and we've got gary b smith, tobin smith. jonas max ferris and susan and larry. okay, larry, no deal on taxes and debt scrooging holiday sales and the economy? >> that's right, brenda, you know, i don't want to be the grinch here, but in a word we are scrooged. >> the grinch! >> very, very optimistic expectations and an outlook for retail sales that was very rosie and those optimistic expectations have faded as we've gotten closer and closer tthe end of the year with no fiscal cliff deal in sight. and as a result, consumer sentiment is falling off a cliff, just like the fiscal cliff we're going to fall off so we've got a problem on our hands and couldn't happen at a worse time and today, super saturday, the second busiest day of the year. >> brenda: well, a lot of retailers are saving the big discounts until right at christmas and after. if consumers know that, maybe they're waiting, too? >> that's right. a lot of us are procrastinators and haven't started our shopping and a ways to go. you retail holiday season ends on janu

bulls and bears gary b smith, tobin smith. jonas max ferris and larry glazier, welcome to everybody. and larry, you say delay it? >> that'right, that's right, brenda, given the choice between the loss of millions of jobs in a deep and severe recession or delayg a deal in hopes of getting meaningful spending cuts in washington, the kind of spending that would cut the 4 billion dollars worth of additional spending every day, that's the long-term not the short-term torevent being back in this place a year from now and that's going to g the country back on its feet. >> don'tet excited. i know gary b will as well. and short-term uncertainty. it's been long-term and we've been going through this for years a wasngton in the doing anything. what does that do to the economic recovery? >> i think you see it with the stock market, brenda, everything is pretty much frozen. look, you cannot pic up a paper, a paper or lk on the internet and see fiscal crisis. everyone now is focused on it and i don't care if you're inside the beltway or out

b. smith and her husband, dan gasby, give us their views about current racism in business.ll also dig deep into the difference between deductible and roth iras and i'll reveal why you don't act the way that economists predict you will. someone's being an idiot and it's not you. so stick around. it's all coming up on "the truth about money."

"studio b" with shepard smith starts now. >>shepard: have a great day. the news begins anew on stub with -- on "studio b" with violence in syria sparking new threats of global proportion. the deadly chemical weapons are on the move. new developments this afternoon, and we have team coverage on signs that the region could get swept in the chaos. >> and the murder-suicide in the nfl, with the rising star's final words were of great interest to investigators and what the teammates and coaches knew of his troubled at home which were many. >> super storm sandy took out homes, took out their homes, but it can't take their christmas. the blue angels giving the smallest victim as big reason to smile. well show you unless breaking news changes everything. this is "studio b." but first from fox at 3:00 in new york city, new signs today that crisis in syria could spiral into a global conflict. today, nato joined the world powers with stern warning of threats of possible intervention coming today amid u.s. intelligence reports that they have moved dangerous chemical

"studio b" with shepard smith starts right now. >>shepard: moving right along. good to see you. the news begins anew on "studio b" today with thousands of protests in michigan could not stop lawmakers from passing bills that hurt union power. this could have a major impact on unions nationwide. the feds accuse a big bank of doing business with iran, cuba and libya and mexican drug cartels to the tune of billions and billions of dollars. who did they arrest? nobody in who are they trying to arrest? nobody. there is a fine. we will get to that. put down the cough syrup. pick up chocolate candy. researchers say chocolate could be more effective treatment in treating the common cough. that is all ahead unless breaking news changes everything. this is "studio b" today. first from fox at 3:00 in new york city, a major blow to labor unions wait for the michigan governor's signature. today, state lawmakers pass add measure that weakens labor unions while crowds of protesters rallied need and outside the statehouse. the demonstration is getting ugly. get the [blank] camera. >>shepard: the

. >> have a great weekend, "studio b" interest helped smith starts now. >>shepard: today the egyptian president refuses to reverse the dictator power grab that sparked violent protests outside the doors of the presidential palace. many of the demonstrators say it is time for president morsi to go. new details coming up. >> the unemployment rate is down to four-year low despite super storm sandy but a lot of people stopped looking for work. the good news and the news behind it coming up. >> check the credit card statements. you could be spending hundreds of dollars in recurring payments for stuff you may not use anymore. it is all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city, a free syria can never include the syrian president bashar al-assad. that today from our secretary of state, hillary clinton, after holding talks on the future of the nation's fighting with the civil war. she met with her russian counterpart and the united nations special envoy to syria over how to stop the violence that ha

that's it for "studio b" with shepard smith, harris faulkner is in for the "fox report." the dow is down for the fifth day in a row. eric bolling in for neil on your world which starts right now. >>> you're looking live at the white house where last minute talks are under way to avoid the tax ma go aheaden. is a rushed deal a bad deal? welcome, i'm eric bolling in for neil cavuto and this is your world. democratic and g.o.p. leaders converging on the white house about an hour ago. and that's where they are now. meeting with the president as we speak in the oval office. we're told treasury secretary tim geithner joined the talks, trying to hammer out a deal to stop tax hikes and spending cuts from kicking in at the new year. one lawmaker calling the pressure red hot but is this any way to fix the fiscal mess? we'll get a live report from the white house in a minute. first, craig smith says no deal is better than a bad one. he's chairman of swiss america. that's stay on the economy. i agree with you, no deal. i think i've called it the obama cliff and said we should swan di

b." i'm trace gallagher in for shepard smith. first from fox at 3:00, back to work in washington, d.c. with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year, aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences, out wherever they are around the country and we're here trying to get something done. >> we're awaiting reaction from the senate minority leader, mitch mcconnell. when that happens we'll go l

smith. this is "studio b." a fox urgent. you're looking live at the white house with less than four days until we hit the so-called fiscal cliff. president obama summoned the house and senate and the meeting just got under way. if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words,

trace is here for shepard smith on "studio b" right now. >>trace: the news begins anew on "studio b" today. president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news changes everything. this is "studio b." >> first from fox at 3:00, president obama says congress is close to striking an 11 the hour deal to keep our nation from plunging off the fiscal cliff but he says the two sides still have ground to cover and the time is running out. that one-two punch that will kick in, hours from now, on january 1, and if the president and congressional lawmakers cannot hash it out, the united states could fall into anoth

smith sunday night in seattle. listed as questionable for this sunday game at this point streak of 185 consecutive starts will b beeningwill start in smith place. 10 tackle and sack this season says he's ready. >> first i saw tampa bay from washington to new york. everybody knows one of the best line man. they going to try to come if but that's the best part about it t.they have to come by me. >> stanford defense just took a hit 11 days before the rose bowl. defensive line man stevens ineligible because he vailted ncaa rules with off campus housing. not major offense but something they discovered. he anchor the third best rush defense in the country that has the task of stopping wisconsin running back ball january 1 in pasadena. good news for a's fans in oakland. owner wolf pledge to go keep the team at the coliseum for the next 5 years. wolf sent a letter to oakland mayor kwan asking for 5 year extension of the team lease which expires after the 2013 season. wolf says to be clear the a apartments still want to build the new downtown ballpark in san jose. major league baseball not approved them. to have play somewhere

i'm shepard smith back tomorrow "studio b," noon pacific time and 3:00. strike, trouble, trouble people. sorry. >> bill: the o'reilly factor is on. tonight. >> it is freezing cold out and he has the heart to say god bless me. and i just knew i had to help him. >> bill: a new york city police officer buys the homeless man some warm boots. wait until you hear the story surrounding the homeless guy. this is not what it appears to be. >> president obama met with leaders of the american indian tribe and they honored the president by giving him his own indian name running deficit. [ laughter ] >> the nation's debt is no laughing matter. lou dobbs will tell you why we are all in grave danger because of out-of-control government spending. three wise men, what did they do? >> jesse watters quizes the folks about christmas. >> they brought frankincense, miles an mur and. >> baby diapers? >> a wild wild waters world upcoming. >> caution, you are about to enter the no spin zone from california. factor begins right now. hi i'm bill o'reilly reporting from los angeles,

. ♪ let it snow, let it snow >>shepard: i am shepard smith and this is "studio b" at the bottom of theee officials at the state department reportedly resigned today amid a new report in the wake of a new report, that is, on the deadly attack in benghazi, libya. that is what a source is telling the associated press. the independent report blasts systematic failures in state department leadership for "grossly inadequate security" at the compound but it did not remediesbly near action for any specific official. the attack killed the u.s. ambassador to libya and three other americans on september 1 1 of this year. secretary of state, hillary clinton thanks the board for the new report and added "we will never preventivery act of terrorism or achieve perfect security. however our diplomats can not work in bunkers." she was set to testify at a public hearing on capitol hill tomorrow but the state department reports that will not happen because she is still involving from a recent concussion. according to the latest poll conducted last week, 59 percent of americans surveyed approve of the job

>>shepard: i i am shepard smith and this is "studio b." speaker boehner is moving ahead with the g.o.p. plan "b" for addressing the fiscal cliff all the white house called it a multiday exercise in futility because the president is going to veto it. this is still an opportunity for compromise? any sign the republicans are doing anything with the democrats or just sticking out their tongues at each other? >>guest: it is not cheer how much progress they made but they have narrowed their differences. the president agreed to raise the amount of income he was willing to protect from tax hikes and speaker boehner agreed the tax cuts would expire for millionaires which seems like they are a long way apart but press secretary carney says obama never suggested he made the final offer. >> instead of taking the opportunity presented to them to continue to negotiate what could be a very helpful, large deal for the american people, the republicans in the house of representatives have decided to run down an alley with no exit while we all watch. >>repor

i'm gretchen carlson in for shep smith today and this is "studio b." >>> a former u.s.ine trapped in a prison in mexico for something his family calls and honest mistake. his relatives and u.s. lawmakers are trying to free him. east jon hammar. his family says he and a buddy set out on a road trip to costa rica, suffering, hunting but he ran into serious trouble because authorities arrested the former marine after he arrived in mexico for carrying a weapon only the army can use. relatives say it's an antique handgun his great grandfather owned. hadt happened four months ago. >> i ask you to continue to pray for him. we got a call from him last night. he's in a tough situation because it's public in mexico so we pray that you pray for his protection and quick release. >> thank you. >> and it is a precarious situation now that we've gone public and that's our concern at this point. it's chaos down there. >> gretchen: can you imagine if you were those parents? they say they ultimately turned to their local congresswoman for help and she happens to head up the house foreign

smith. >>shepard: the news begins anew on "studio b" activists claim that they have video showing the syrian government has already used chemical weapons against its own people. remember the red line? that is what the white house called it. is this a propaganda or escalation of the civil war? what does it mean for us in that is ahead. potential breakthrough in the fight against a deadly kind of cancer. doctors say they used a form of h.i.v. to beat this young girl's leukemia. another problem for apple maps. today we take you to a town where town leaders say using apple maps could kill you. you would be surprised. that is all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city, we know the identity of the navy seal who died in the dangerous hostage rescue in afghanistan. here he is, officials confirmed he was 28-year-old from pennsylvania, a member of the navy seal team six. the same group that killed osama bin laden. the mission this weekend was to rescue a doctor from colorado. he was doing humanitarian work in afghanistan when the tali

smith. >>trace: the news begins anew on "studio b" today. a soldier's biggest battle is getting his daughter back. this father took that fight all the way to the supreme court. a case that observers say had the justices "very riled up." then, the mysterious guy known for security software on millions of computers has been hiding since his neighbor turned up dead. now there are new clues about where he has been holed up. >> while you watching television, is your t watching you? a cable company is now working on a system that picks up on your gestures. even what you saying. all in the privacy of your home. that's all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00, the syrian regime is getting desperate after more than a year of deadly fighting. the military could soon turn to its dangerous chemical weapons. or lose them to other militant groups. that is the wanting today from secretary of state, hillary clinton. speaking at nato, secretary of state, hillary clinton added this time it is running out fo

. >> b >>> probably without their own beast up front looks like they will not have justin smith sundaysted as questionable for this sunday, at this point looks as though its 185 streak likely going to come to an end. ricky john francis will start in his place. >> first time i saw you in tampa bay, everybody knows7ab number one in the lineman. didn't want a guy to have a play to start. they're going to try to come up. but that is the best part bit. >> stanford defense just took a hit. terrence stevens has been ruled ineligible, stevens ampkors third best rush defense in the nation. they'll have a tais tas being of stopping january 1 in pasadena. good news fo. a's fans. lou wolf pledging to keep the team at the coliseum. wolf sent a letter asking for a five year extension of the a's team lead, expiring after 2013 season. he says a's want to build a park in san jose. major league baseball has not approved a move. the craft fight finger bowl is eight day as way. two teams with very different style autos our kbe mark for a giant exclamation point for spartans of san jose state. >> after bei

smith. back tomorrow noon pacific and 3:00 "studio b." back here tomorrow night fox report. our teams will be on the story portland oregon tomorrow night during prime time and beyond. you and yours a good knight. the o'reilly factor is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new kkk. >> you are still calling it a holiday tree? not a christmas tree? >> that's correct. pluck building and i'm respectful of all the taxpayers that might not be christian. >> "newsweek" magazine says the good guys have finally won the war on christmas. that's not exactly true. the yes tonight why have some christian leaders silent when their faith is attacked. >> is that a joint mask looks like a quarter pounder. >> bill: now that marijuana is leg

smith. hope you're enjoying your holidays. all of us from the fox report and "studio bistmas you ain't got nothing on paula deen. the queen of southern cuisine is laughing already. she is here to share what christmas is like around her house. [applause] >> thank y'all. thank equal y'all. >> when does the cooking start? when does the celebration begin. >> it is crazy, brian. i work usually up to like the 17th of december. i have to get in there and it gets crazy, crazy, crazy. i have to call in my friends to get things wrapped. but, some children in town. >> gotcha. >> well, from my grandchildren, yes. and it is just crazy. we have got three grand boys right now. we have two more boys in the oven. so next christmas when i shoot my magazine i will be holding five boys. >> that is fantastic. >> yes. >> we know your sons. we got some pictures. swing down memory lane. >> do you? where are they? here is bobby. >> bobby looks drunk, doesn't he? [laughter] >> that's okay i guess. >> looks like he has been drinking eggnog. >> yeah. >> look at your hair there, paula. >> made you

plan "b" would keep bush tax rates for everyone making under $1 million a year. how does this deal get done? joan walsh, there she is. and hendrick smith is author of "who stole the american dream." let's go right now. president obama called on republicans to cut and deal with him saying compromise is doable. let's watch him again. more on the president today. >> what separates us is probably a few hundred million dollars. the idea that we would put our economy at risk because you can't bridge that gap doesn't make a lot of sense. so i'm going to continue to talk to the speaker and the other leaders up in congress. but ultimately they've got to do their job. right now their job is to make sure the middle class taxes do not go up. and that we have a balanced, responsible package of deficit reduction. it is there for all to see. it is a deal that can get done. >> joan, it's a bit like a sumo wrestling match, a sport i know nothing about except what it looks like. two giant guys moving around each other not actually engaging. i get a sense that the president is pretty confident that he has the upper hand here. and i get a sense from boehn

smith. this is the fox report. it's the bottom of the hour. time for the top of the news. john boehner is pushing what he's now calling plan b.b to keep us from plunging off the fiscal cliff. speaker boehner is offering to let tax cuts he can fire for people who make more than $1 million or actually for all income above $1 million. president obama has been demanding rate hikes on incomes above 250,000. now he's upped that to 400 grand. why the white house says plan b makes no sense. of course, if they don't agree on something, which most think they will, tax cuts will expire for everybody two weeks from today. it's the top story on the bottom of the hour and ed henry is on it live from the white house. time is running out. that's clear. plan b? >> that's right, shep. so bottom line is john boehner says he's borrowing this idea from democrats. nancy pelosi, chuck schumer, various democrats over the last couple of years have said the threshold should be raising taxes on incomes of a million dollars or more per year. so john boehner is saying let's go back to that. he thinks that would be the fair way to do it. and he believes t

b. it is tuesday, december 18th, and this is "now." >>> katrina van den hoogle is editor of "the nation" former director and msnbc political analyst karen finney is here and buzz feed's ben smithnts of newtown, connecticut, will bury two victims of friday's shooting massacre while wakes are held for three others. in washington, meanwhile, there are growing signs that the country is getting serious about gun control. during a meeting with top cabinet officials yesterday, president obama directed them to take a hard look at proposals to combat gun violence, and over on capitol hill senate majority leader harry reid joined with two other pro-gun rights democrats to suggest that new gun laws should be on the table. >> we need to accept the reality that we're not doing enough to protect our citizens. in the coming days and weeks we'll engage in a meaningful conversation and thoughtful debate on how to change laws and culture and allow this violence to continue to grow. >> an nra rating of an a, but, you know, enough is enough. my -- i've got -- i'm father of three daughters, and this weekend they all said, dad, you know, how can this go on? and i, like i think most of us, realized

b. ♪ all onhinkorswim from td ameritrade. ♪ hi hi ♪(whistling tune) ♪("don't worry be happy") shy david: it was wild in the pits at the cme was closing in chicago. sandy smitht's going on, sandy? >> this is the stuff you don't see in a trade desk in the office or at home. the trade action picked up in the final minutes here. the s&p500 index of 500 stocks we watch every day closed at the top of the hour, at 14 # 0 # 2, hung on to the 1400 level. the futures, the pit i'm in, continues to trade for another 15 minutes. david, for those 15 minutes, we saw continuous selling. it continued to get hammered, and a trader said it was dallas rows, new lows of the session, and another said we fell on the lowest level in the front month futures contract to the lowest level since thanksgiving. the news that president obama did not come up with a new plan when meeting with congress just now, not good news for the markets, and we closed at session lows for the s&p 500 futures, probably indicating there's selling when trading reopens tonight and tomorrow morning as well. david: fasten the seat belts, a bumpy weekend and monday morning of trading, well below the 1400. shiba

b, have been treated for heart failure, or if, while on enbrel, you experience persistent fever, bruising, bleeding, or paleness. if you've had enough, ask your dermatologist about enbrel. >>> all right. it's "pop news." and rachel smithou got going? >> a lot of great stuff. let's get to it. okay? first up, everything could be coming up roses for barbra streisand's silver screen adaptation of the musical "gypsy." according to reports, the two-time oscar winner, who is also starring in and directing the film, is thinking of casting lady gaga as the lead. for those not familiar with musicals, gaga would play the daughter of streisand's character, rose. can you imagine that mashup on screen? >> good work, yeah. >>> it seems like a lot of a-list celebrities have their own perfume, right? so, why not restaurants? >> oh, no. >> oh, yes. seems that pizza hut is getting in on the act, with a very limited edition fragrance. the idea for this actually started as a joke on facebook. they got such a great response they thought, we have to go for it. they went for it. >> yeah. >> a limited edition is the key phrase there. >> who are they attracting with that? >> yeah. i know, right? ron actually said it doesn't smell too bad. >> k