make structural reforms and decide what they want to be when they grow up, and what i like about bank of america it committed to this in 2010, right? a lot of banks still are arguing that the reason why they are underperforming it's cyclical, not structural, so dodd/frank is not -- you know, dodd/frank is sort of an outside influence on the company, part of the structure of your bank, but this is basically right-sizing the offense structure of the banks, so that's what this calls about. revenues, we're very conservative. don't expect a lot of revenues. i think one of the most -- some of the most damaging things for the -- for the banks have been the card act which told them how they could price and re-price on credit cards. >> prop trading, the volcker rule. >> we'll see how that happens. basl 3, nobody excited about the implementation and the mortgage industry. i'm not going to say entirely digested but that's enough of a buzzkill on these stocks that it's fairly well priced in. now those who can execute the best and the actually can be leaders and show,000 how they can improve real profitable

>> it doesn't have top an employee of bank o of america. anybody that banks with bank of america can donate a dollar. >> two for one and you can do that at www.bankofamerica.com/give. and it goes to addressing hunger which is a critical need. >> i like that. can we have a little bit of a drum roll and see how much you guys have raised here. >> absolutely. absolutely. >> right here. $25,000. so michael with alameda county food bank. that is very generous. michael. >> thank you on behalf of the alameda county food bank and the bay area food bankings this is an extremely meaningful contribution. we last month served more people through our food help line than we have served in a single month before. they are able to serve $4 worth o of food for every dollar donated. this is going to be to distribute $100,000 worth of food in our community. >> gentlemen thank you for being here today. you can visit us online at cbssf.com for more information and help feed bay area families. eyewitness news will continue. we'll be right back. ,,,,,,,,,,,,,,,, [ m

she upgraded citi group, bank of america, discover financial. telling clients today she sees meaningful upside potential for the group. she is shifting to a positive stance on the banks for a number of catalysts she expects to happen. the c-car in march when the federal reserve will approve or not approve the bank's capital programs. that means shareholders through dividends or buy-backs. expecting that to be good. she thinks bank of america quadruple its dividend. she says you want to own these stocks right now. there's the three specifics she upgraded. she's looking for potential in 2013. 30 seconds, we're going to be speaking to meredith whitney tomorrow, typically a market mover. she's going to be joining me tomorrow at 3:00 p.m. eastern right here. 30 seconds on the clock, our next guests are here now to tell us what could move the markets tomorrow. kimberly foss. stephen rosen. and rich peterson. good to see you all. thank you for joining us. kimberly, you've got 30 seconds on the clock. what do you look for tomorrow? >> hey, maria. we're

i started recommending bank of america in august of 2011.out a year and a half ago when it was about 6 bucks. david: we look at the beginning of the year it was about 5 bucks. >> right. it took a little time for it to take off. but 2012 began the recovery. and i think we've got at least another year or two to go in that recovery. shibani: how long are you talking about holding these, home building, etf, banking, biotech, are you long-term or short-term holder? >> longer term. i would recommend holding them for about a year and re-evaluate next year at this time whether or not you want to hold them for 2014. david: randy warren from warren financial service, great to see you. thank you for being here. >> thank you very much. david: senator harry reid says it looks like we are heading over the fiscal cliff and now vice president biden is actually making jokes, jokes about the fiscal cliff, but a recession would be no joke for any of us. coming up next, find out if steve forbes still holds out any hopes for a deal and what he thinks should be i

>> i've been long bank of america for a long time. i loved the weakest of the big banks for a long time. i'm still on bank of america, $10 calls. probably time to spread those out. but both of these, bank of america and citi have a long way to go, because they came down so hard. and they have giant franchises. so, it may be a situation where the weakest banks have really had their day. they're not going to stop. jpmorgan still the best name in the space. >> let's bring in chris whelan, a new firm, you were with tangent capital partners before. you probably stand exact opposite of meredith whitney. no? >> well, i think you were making exactly the right point. people don't understand that the game has changed. look at me. i've just gone to work for a large nonbank officer lender. we have a completely -- >> that sounds awful. i'm kidding. >> but looks this is the feature. we're sitting here two years from now talking about the top four money center banks, mortgages is not going to be the driver of volumes or earnings. when you talk about

bank of america has given us barely anything right now. >> those are all quite valuable. ink rotating out of bac going into a financial other type but equal quality, so to speak, makes a lot of sense. but i think as it goes, the dow herery here or the implication of buying the dogs of the dow is not going to work presumptively in 2013. >> and you agree, too, jeff, huh? >> absolutely with hpq. listen. carter said it. they're in a dying business. and the businesses that they're in, they're not leading. if you're not leading, that's a recipe for underperforming. >> let me ask you both very quickly. last year if we were standing here, would either of you said that you thought b of a would have been the best performing dow this year? >> no way. >> jeff? >> absolutely not. >> your honor, i rest my case. happy new year, guys. >> happy new year, bill. >> thanks very much. >>> we're still sitting up by nearly 100 points on the dow. president obama earlier on today saying it does appear a deal on the fiscal cliff is nearing. it is within sight. obviously a bit of work still to be do

and bank of america, which one? >> bank of america right away. i like what moynihan said about simplifying the mortgages, making that process simpler. that's where we see the most badge for our buck. if you look at the december calls and look at the ten strike, you talk about the ten levels, talking about the ten level, 250,000 plus options on open interest. people have been betting for this move. they're getting rewarded today. i think it doesn't stop at ten, if it can close above 1020, i think 11 is in the cards. >> i'm with mayo. i think it's a far better own. >>> all right, coming up, investors turning up the heat. cnbc's indicate kelly gives us the details on the embattled hedge fund next. goldman sachs lowers its goal forecast. is the move justified? we'll good to the pits to find out, when we come back. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory syst

bank of america the strongest among the dow components which we'll talk about in a moment. packard among the technology stocks have been the laggers today. first of all, is this the kind of rally you'd expect if we're getting a deal done here? we're making movement in washington. >> this is what people's impression of having a deal is going to be good for the economy, good for stocks, good for all this. i'm not necessarily believing that. i think there's a lot more behind, you know, being up 100 points. started from that, but i think there is some positive impetus going forward. >> you realize you are seated squarely on the wall of worry right now. >> yes. sam is the worry wart. >> you are. >> i am. i don't think we're going to get a deal because i never believe politicians. but i believe people feel there's some loosening up of this. that's why we're seeing what we're seeing. >> financials, they've been doing well lately. does that continue into 2013? >> they have good momentum behind them. i think that we probably will continue to see them to be slight outperformers of the

of bank of america which now owns countrywide. for the simple reason that they want to get his opinion on whether or not bank of america should be liable for the mistakes that countrywide made so they they fought the effort to get. morning and to pose for a long long time and then they finally did get to depose him in the spring of last year and it just only only just became public deposition and in this deposition morning hand literally says that he does not recall the acquisition of countrywide . you know it's only the biggest and most important acquisition in the history of the company but as c.e.o. it just somehow kind of slipped his mind you know looking at this crisis now over four or five years into it and it's almost like they have to compare it or make the comparison to vietnam you know this is america's new vietnam you know that war america was unable to get out of it and they blew an entire generation thousands died and trillions spent and now you've got a new vietnam it's called the banking crisis the bankers are in cha

jason, always good to see you. >> good morning. >> when it comes to bank of america, bank of america f today as carl points out is up exactly 100%. you've got an equal weight rating on the stock with a $10 price target. do you feel like you missed out on the story? >> clearly they've made a lot more progress on the capital front during the course of 2012 than we would have, you know, anticipated. now you're trading at a multiple half to two multiple premium to citigroup and jpmorgan. i wouldn't necessarily be surprised to see a pullback as we turn the calendar. >> in terms of the longer term trends, one of the points that meredith whitney pointed out is that bank of america is going to generate $18 billion in excess capital over the next two years. and that's 15% of market cap. therefore, anything that the bank earns at that point is really going to be able to be leveraged in terms of operating capital. doesn't it have some sort of an advantage at this point, being able to have such an excess capital cushion and be able to choose how it spends its money that it earns? >> that's true f

bank of america, right, john? they would never permit this kind of in coherence in what the policy is. what they are going to take in. >> a question about this topic. based on your reporting, how far do you think the president is willing to go on entitlements? >> when i talked to the president in the summer on this, he acknowledged, quite openly, if it was bad politics for he and democrats to say we are going to cut medicare beneficiaries. he then went on, i think, in the end, you cannot be president and cannot be a realist. he said it is untenable to not help them because they are driving the budget deficit. the whole entitlement issue has been real -- of this problem. the taxing issue, yes. the pyrotechnics. there is the struggle between the republican and democratic view. but all of the numbers people know that it is the entitlement issue. if you can come up with some sort of fixed trajectory to make it somehow stable, that would be -- you have something from the book. >> your books are all ultimately about powe

shares for bank of america spent most of the day in the red. he journal, bank of america take as loss upwards of couple hundred dollars a year on 1/5 of customer checking accounts the ones with the smaller balances. low interest rates thanks to ben bernanke and friends make it harder for banks to make money. something has to give for the banks i understand that. they're in business. they need profits but i don't want to be paying for it, do you? didn't think so. meanwhile santa isn't the only one with a list. "consumer reports" put out their third annual naughty and nice list highlighting specific company policies and practices. which companies are getting coal in their stockings this year? with me, greg doherty, executive director at "consumer reports". >> hi, gerri. gerri: welcome to the show. always great to see you. we love your naughty and nice list. i followed it for a number of years. start with the naughty list. who is number one? >> well the naughty list is meant not to talk about companies in general but to talk about specific policies

from fundamental. >> longer term bank of america is a good investment. if you're playing it fast money like the show pull it back. >> i want to play smart money. >> i want to play make money. >> you think bank of america is coming in 30 cents or 40 cents. sit on the sidelines. air out profits. morgan stanley very close to becoming overbought on the heedlines today. look for it to hold that 17.20 range. last sale 17.62. >> as we've seen today fiscal cliff headlines continue to drive the direction of the markets. how high could stocks go if we do, in fact, get a deal? let's bring in deutsche bank chief of u.s. equity strategist david bianco. welcome back to "halftime." >> thank you. good afternoon. >> the market today obviously seems like it's looking beyond the fiscal cliff negotiations. maybe it's rallying in part because it thinks there's going to be a deal. we've got the fed looming. other events happening between now and the end of the year. how do you see things unfolding? >> you're right. with the s&p 500 at about 1430, i'd say the market's putting a

our bank of america primary window was countrywide. xited subprime lending of our country's insist 2001. we were criticized by one for not being in subprime lending, and that was fine with us. we did so and still met our long-standing commitment at the same time we did not participate in subprime. there's no doubt that the post crisis credit is tighter but also no doubt that a fundamental part of the lender re-set has been re-instituting quality underwriting. programs that no longer apply. but if you think about what the industry and our country has been threw and customers have been through there can be no margin for error ahead. we have to make sure the loan we originate is ironclad. that's not bad, it just takes a lot more time to get used to. but credit is available. we have extended more than $53,000 to more than 215,000 bar owers. 2/3 have been maid to lower income bar owers. access to availability of credit is critical and lenders have tighter standards. it makes for more flexibility though we can't go back to where we started. w

like this group of individuals and western massachusetts who gather in an attempt to stop the bank of america from executing yet another foreclosure auction. since i have five back to. a lack of government regulations gave banks enough rope to operate like cowboys in the wild west and they responded by lassoing homeowners with these predatory lending practices when the housing bubble burst bank of america got bailed out and those with underwater mortgages were sold out so that c.e.o.'s like brian moynihan could collect the year end bonus of over nine million dollars a week lou with that they have enough money to pay for a reasonable wargame today's values so this is something that all of can stand behind we believe that when folks have you know a home that they should be able to stay in that home and it's not like they're not willing to pay this is the weirdest movement i've ever worked in this way and the foreclosure movement because we are begging people to take money and they won't take it of course occupy hardly invented foreclosure defenses people like grace and i foreclosure organizatio

his talk like bank of america breaking north of 10, on a percentage basis would be an excellent trade. like citigroup as well, whole slew of large-cap names we like in that race. bank of america emerging as a leader. it is also good to see the financials start to leave the typical old market structures. cool leadership from the bank, financials. david: you still lake city group after the big jump today of 8%? >> absolutely. look at how ford has fallen. i think there is plenty of upside. david: gentlemen, thank you, good to see you. liz: not a very sweet symphony for pandora today. in that radio stock tanking in front of the earnings release last night on this program. where the company slashed the outlook while they suffered, there's nthere is no outright ds of the stock. what are they seeing investors may not be? the pandora ceo is joining us. david: the eight-day strike is over but not before cost billions of dollars to the city, the strike could cost the region still and it is struggling for an economic downturn. also what are they going to do? how will it help the billions now on

bank of america rallied 4%, closing at $11 per share. it consistently is one of the most actively traded stocks, and it was again today. media reports indicate influential banking analyst meredith whiney upgraded her opinion of both bank of america and citigroup today. in addition to the sprint and clearwire deal, there was other monday merger news, and speculation driving stock prices. first, the speculation: general electric reportedly is close to a $4 billion deal for italian aerospace group avio. according to the wall street journal a deal could be announced thursday. orders for new airplane engines have increased with g.e. looking to buy parts supplies like avio. shares of g.e. gained 1.4% on heavier than usual volume. a.i.g. shares jumped 3% on reports it could sell its stake in the asian life insurer a.i.a. group for as much as $6.5 billion. a.i.g. still owns about a third of the asian company. canada's third largest life insurer, sun life does have a deal to sell its u.s. annuity business. that business has been under pressure tha

of the top banks other than u.s. bank, but i know people on the street who have put everything they've got in the bank of america and citi. >> all right, let's go off on that. meredith talked about march 2013 being a catalyst date. as a trader over the next three months i'm going to be saying, which of these names do i want to be long and sell the news in march. which of them you think has the best chance of -- >> i don't agree with meredith's premise, because, yes, they may let me use a little bit more capital if i'm one of the top four, but i'm living in a world where instead of an 8% risk rate, i have 100% risk rate. many of the assets i would like to create in terms of generating revenue are going to be much

focusing on bank of america the top performer on the dow jones industrials. some of the tech stocks are

bank of america, it's simply an improved balance sheet. these guys are getting better, so, all of the expectations that they might have to come to market, i think, are falling off the table. more importantly, i think they're getting back to their real earnings growth potential. when you see some of the delinquent mortgages start to fall off, this is a place where people talk abnormalized earnings. but this is not expensive. after a move at .8 times tangible book, price to tangible book, this is a stock that's trading 40% cheap to where it was in 2010 and 2011, so, it's had a big move. it's not expensive. it runs into resistant right around here at 1060. but then you get through here and you run up to 1250. >> it has been overbought, as tim said, so, the pull-back is not a huge pull-back. it comes down 1020 in the stock. that's a big move considering what it's already done. but it's got to stay above $10.11 to be specific. >> some people will make the case that bank of america is a housing play because the mortgage lending they do. anthony,

i'm going to show bank of merck just what i think of their fees. -- bank of america. ou're mad too. bank of erica ended up con ed seeing the war over the $5 monthly debt card charge. we hated hat. senior financl anasts at bank rate.com greg mcbride told "the willis report", service charges fill up a revenue hole temporarily but are not sustainable as a model for growth. i agree. i don't want to pay more for access to my own money but banks seem to be fighting a losing battle, not to mention angering investors who want to see the banks rake in more renue. shares for bank of america spent most of the day in the red. according to the journal, bank of america take as loss upwards of couple hundred dollars a year on 1/5 of customer checking accounts the ones with the smaller balances. low interest rates thanks to ben bernanke and friends make it harder for banks to make money. something has to give for the banks i understand that. they're in business. they need profits but i don't want to be paying for it, do you? didn't think so. meanwhile santa isn't the only one with a l

it's called bankamerideals, from bank of america. se the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. >>> time to check "the pulse," this morning, the stories you'll be talking about today. of course, oscar buzz, almost time for that again. it's growing right now for two films that just got a big seal of approval. >> listen to the silent film, the male stripper flick, "magic mike"? it's back in the spotlight after matthew mcconaughey's role got him an award for best supporting actor by the new york film critics. haven't seen it. >> and the group gave top honors to kathryn bigelow's latest film "zero dark thirty." getting rave reviews. the movie about the hunt for osama bin lad

however, there still is quite a bit of upside in bank of america. dropped tremendously over the last couple of years leading into last year. there's a lot of tax laws at the end of last year which drove it down to $5 a share. obviously this year anybody who's bought it in the last year has had some pretty good gains. this stock was $18 just a couple of years ago and can certainly get back into the mid to upper teens. what it needs to get through is a better capital markets environment, so we hope that all these people in washington are listening and let the market get back to normal business. it also needs to get through a lot of mortgage headaches, and there's still a lot of them out there -- liz: and, frankly, anton, regulatory overhang. >> exactly. liz: a lot of capital requirements, for example, which may squeeze margins. >> well, i think that's all sort of been out there. the banking industry is better capitalized than it's ever been in its entire history. most banks, one would argue, have too much capital. and, you're right, it does squeeze ma

so we're not going to have companies fail and i think companies like bank of america and citi are going to return capital via dividends and buybacks. you get down to the regionals, there will be a lot of capital and return on dividends. even if you have slow growth, there will be a lot of money thrown back at the shareholders, thrown back at buybacks and i think it's valuation of the stock pes >> meredith said that she thought that bank of america would quadruple as dividends. is that what you think? >> it's dividends at a very, very low basis. >> okay. >> exactly. >> but you say you're -- yep, i got it. you're right. you say your top financial picks are still a good buy even if we go over the fiscal cliff, right? why are you so optimistic on that as we face this barrier in washington. >> first of all, let me say if it was up to me, i'd lock them all in the white house and not let them leave. maybe i'd give them an open bar until they resolved it. >> right. >> quite frankly been some of this stuff is going to get resolved. if we go over the cliff, we're not going to be over the cliff fo

he made the right call on bank of america when everybody else was saying dump it. der of new generation research told clients to buy that troubled bank at the end of last year when no one else wanted in. b of a, guess what, has more than doubled since then. now, he's found another treasure in the trash, it's hewlett-packard. find out why hp could make a big move to the upside in 2013. it's coming up next in a fox business exclusive. ashley: what a reversal in the market. at one point today, the dow was down 148 points. at the very low. then about an hour ago, i'm going to put my glasses on to believe this, the house said it was reconvening once again sundays 6:30 p.m. boosting optimism -- optimism that maybe washington could somehow make a budget deal before the year end, which by the way is the next day monday at midnight. 12 minutes left of trading. the dow just down 16 points. we turned positive about 3 minutes ago. the nasdaq also almost bringing it back to where we started the day. s&p 500 just off a tenth. russell 2000 also making a comeback. a lot more money

bank of america president and ceo brian moynihan. as been crowe of one of the largest banking institutions and serves many different audiences. consumers and businesses of all sizes as well as investors with a full range of banking, investment ands a credit and products and services. if you are thinking you see them everywhere, you're correct. they bank one out of every two households. i've got on the know brian in an advisory council. s the a council of community developers and wonky types hike me that offer tips on how it can best help underserved americans. brian grew up the sixth of nine children and in high school he had a job of as bus boy and dug ditches and worked at a plant that made industrial magnets. he later attended brown university which is something we have in common and played rugby well according to some of my rugby-playing friends and met his wife there. he is a lawyer by trade with a law degree from notre dame and started out in the general counsel's office in 1993 which then merged with bank of america in 2004 and

citigroup, deutche bank, barclays and the investment banking unit of bank of america left it up to individual departments to pay out of their own accounts. back in the day, as in before the financial crisis, wall street firms rented out nightclubs and steakhouses in midtown for holiday celebrations. the u.s. government is calling in the national academy of sciences for yet another safety review of airport scanners. the department of homeland security says the nonprofit group of scientists will be charged with reviewing previous studies done on the scanners. the call comes amid continuing concerns from some members of congress, as well as some scientists, about the amount of radiation that the scanners subject travelers to. brave investors who bought junk-rated greek bonds in january of 2012 are sitting on profits. the highly-risky bond buy during an extremely volatile time for the country has earned investors 20 times more than people who purchased top-rated german debt this year. bloomberg news reports the return on the greek junk bonds is up 80%, compared to a gain of just 3.7% for german b

see you tomorrow at 9:00 we'll have an exclusive with the ceo of bank of america. don't go anywhere. "mad money" with jim >>> i'm jim cramer, welcome to my world. you need to get in the game. stearns is going to go out of business, and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to kram measure ker ka. call me, 1-800-743-cnbc. so that's what it will look like if we fall off the fiscal cliff. i'm talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. s & p seeking .63%. nasdaq, punching .72%. because now it's dawning on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don't disarm, and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be happening daily these days, which reminds me, do you remember -- do you remember the debt ceiling nightmare last ye

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bank of america led the dow today, broke out above $10. a level hasn't been seen in ages as the unsold homes dwindles, i think it probably goes higher. here's the bottom line, listen to me, go ahead, be gloomy, you have every right. be critical, and be angry at those who can't rise above the rhetoric in washington to avoid a recession, and don't even have the common decency to give us legislation before taking a vacation. you know what these people remind me of? they remind me khan, of the star trek villain who showed the wrath on us by sticking proverbial ear wigs into our ears. but the ceos of the companies themselves, sorry, in true scotty fashion, they're giving her all she's got, and just like spock, they want you to live long and prosper. bob in florida, bob? >> caller: hey, big boo-yah to you, cramer. >> right back at ya. >> caller: first thing i want to do is thank you quick for all you do to demystify the market for people. >> that's my goal. thank you. >> caller: i'm guessing i'm not the only senior citizen living on social secur

of steel gift cards, but talk about opening 3000 new stars, citigroup 11,000, job layoffs and bank of americaut this one on here, guys. up 5% today. this is the best performing dow component so far this yearras we head into the final trading days of the year. bank of america doing very well coming above the $10 mark that has not been there for quite some time. look at the dow 30, only five stocks right now in the red. still looking pretty good to end the session. liz: yesterday intel was one of the better performers. today it is the worst performer of the dow jones industrial. looking at the fickle number, what about u.s. stocks against other opportunities read >. >> all of a sudden up nicely, i think they have been whacked and a goodbye right here. >> they are not transparent enough. many are swirling around, you're okay? >> never you own a monopoly, they don't like to make compromises. liz: december 14 visit 14 is a. >> they are due to get the iphone. liz: what other areas do you like with china? if people are concerned about whether we will see more of a slowdown, what is your number one m

dow component bank of america is the second largest u.s. bank by assets. useholds in america. a year ago it came under fire from some consumer groups when it announced new fees. there was a "wall street journal" article yesterday that suggested bank of america would push off higher fees into late next year. we sat down yesterday with the ceo brian moynihan and asked if that report was accurate. >> it's not true. we are making decisions all day long. but let me tell you what we're doing in consumer business. we look at the consumer business as different groups of customers, we have what we call the retail business, the general america, and we have a preferred business which would start with higher income people and then wealth management. those are the three groups. in the general consumer business we are about being a relationship company. when we mean relationship there we mean your core bank account, your first -- your credit card, your debit card, and potentially a home or a car loan. and that's what we're focused on. what we're doing everything we can t

i've got kellogg, k, norfolk southern, nfc, disney, dis, abbott laboratories, abt, bank of america, bacntaineers, wasn't their year, like that team, though. okay. here we go. disney, doing a remarkable job. did anyone else like it besides me after that quarter? i stuck by it. bank of america, financial, abbott drug company, norfolk southern, kellogg food, it's a food, transport, drug, entertainment, bank, bingo, perfect! i wouldn't change a thing. "mad money" back after the break. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every s

bank of america, 6%. thanks, guys. >> thank you very much. see you later. as a matter of fact, the financials are leading us higher. we're near the highs of the session right now with about 50 minutes left. the dow up 124 points. >> pretty good move. if you can own only one stock in 2013, which one would make you the most money? top fund managers were asked that question. we have their answers. we have names coming up. stay with us. >> get pencil to paper. >>> also ahead, the art of negotiation. we're going to hear from somebody who says a deal on the fiscal cliff could have already been reached if only lawmakers took a page out of wall street's deal making strategy of keeping things behind closed doors. where have we heard that before? >>> plus, secretary tim geithner with us exclusively. will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+