fiscal cliff in the beige book but what exactly is the beige book anyway we'll break it down award of the day and show you our best hope for talk space and loose change but first your closing market numbers. are sure is that so much to me there's a huge decision on the market revolutionary dictator in the making president mohamed morsi is presidential decrees ours has reopened the debateable. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm charged was a big issue. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day. all right we're talking to james robinson author of why nations fail before the break we were talking about the role of political institutions in the u.s. in terms of innovation and economic growth and development now let's look at a little bit more broadly at some other regions of the world so a

fiscal cliff in the beige book but what exactly is the beige book anyway we'll break it down and word of the day and show you our best hope for talk space and loose change but first your closing market numbers. are mission. critical three times for charger free. range month three. three stooges free. download free blonde hair splitting video for your media projects c.e.o. don carty dot com. it was not a military army announced today signed a new contract with a unit of the huge contracting how long it was not the operation to secure and rebuild the devastated country caliber company field taxpayers for its contract work in iraq. it was the campaign for making billions of dollars for. reasonable and ordered bills. one billion dollars per sale. appears on our cheap. me it is easy to. believe. it's. going to. be. the in. the alabama. law. the a. blemish free credit patient free in-store charge is free arrangement free. free. free. mostly blogs just plug in video for your media projects a free media dog r.t. dot com. submit. all right we're talking to james robinson author of why nations

fiscal cliff in the beige book but what exactly is the beige book anyway we'll break it down award of the day and show you our best hope for talk space in loose change but first your closing market numbers. all right we're talking to james robinson author of why nations fail before the break we were talking about the role of political institutions in the u.s. in terms of innovation economic growth and development now let's look at a little bit more broadly at some other regions of the world so professor robinson i do i really quickly before i get go more global i want to ask what you think the fiscal cliff is symptomatic of because this is probably capturing the country in terms of symbolic of government dysfunction in the u.s. what do you think it's a dramatic of in your view when one army don't think it's. i mean i i mean i don't want to belittle the problem because school could but i guess i would say you know it's a sort of game of chicken you know that people want to settle the problem different you know the republicans would like you know we're going to settle it one way the dem

fiscal cliff in the beige book but what exactly is the beige book anyway we'll break it down award of the day and show you our best hope for talk space and loose change but first your closing market numbers. technology innovation all the developments around russia we've got the future covered. parents versus social workers doc you never be the last stop get me the plans damn good many children have become cronies used to fight for why does the lord threaten families of the social security seeing the theme of they have right of the world will be more they feel that they have any kind of suspicion about the world will feel for your children are often just better at bringing up kids than their own dad . using what we have an industry that is so. concentrated on the sofa trade it's true. all right we're talking to james robinson author of why nations fail before the break we were talking about the role of political institutions in the u.s. in terms of innovation and economic growth and development now let's look at a little bit more broadly at some other regions of the world so a professo

recibirás el sostén beige en tu casa por tan sólo $59.95. pero espera. pasa con la ropa sexy que te pones para salir por la noche? ¿no necesitas un sostén negro? claro que sí, así que también te enviaremos un precioso comfortisse bra negro gratis. otro sostén valorado en $60, gratis. recibirás tres sosténes-- el beige, el blanco y el negro-- por el precio de uno. están valorados en $180 y serán tuyos por tan sólo $59.95. pero espera, aún hay más. si llamas en los próximos 20 minutos, duplicaremos la oferta. te parecerá que estamos locos pero te enviaremos otro juego completo de sostenes-- negro, blanco y beige-- gratis! este juego está valorado en otros $180 pero será tuyo gratis. solo pagarás los gastos de envío. ¿no te parece una buena oferta? pues escucha, aún hay más. los colores vivos dan más juego a tu armario. así que si eres una de las primeras 500 personas en llamar, recibirás tres sosténes de colores gratis. otro juego valorado en 180 dólares que será tuyo gratis. solo pagar los gastos de manejo de envío. esto significa que recibirás nueve sost

fiscal cliff in the beige book but what exactly is the beige book anyway we'll break it down award of the day and show you our best hope for talk space in loose change but first your closing market numbers. the great russian warriors. prevailing over houses and asperity. to reunite at the parade soon as. they complete that story on. people's admiration two hundred. zero zero zero three more to go through so. parents versus social workers stop you. the last stop get me that many children have become prizes to fight why does the last threaten families of the social. rights of the world will minimal if they think they have any kind of suspicion about. or feel for your children. just better at bringing up kids than their own mom and dad. you have an industry that is so. concentrated on the other for children. all right we're talking to james robinson author of why nations fail before the break we were talking about the role of political institutions in the u.s. in terms of innovation economic growth and development now let's look at a little bit more broadly at some other regions of the w

fiscal cliff in the beige book but what exactly is the beige book anyway we'll break it down award of the day and show you our best hope for talk space in loose change but first your closing market numbers. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom are welcomed as a big. new . do we speak your language. or music programs and documentaries and spanish more matters to you breaking news a little tentative angles keep the stories. for you here. in troy altie spanish find out more visit. it was not the military as army announced today it signed a new contract with a unit of the huge contracting firm however it was not the operation to secure and rebuild the devastated country oliver company field taxpayers for its contract work in iraq. it was the campaign for making billions of dollars polymer was reasonable and was ordered bills to exceed one billion dollars iraq first sale. or profiteers went on. the eve he

we'll tell you right after i know we got the beige book headlines. going to be a great show though. >>> let's get straight to steve leisman for those breaking headlines from the beige book. >> thanks very much. aen net dotal reports from the 12 federal reserve districts say the economic activity expanded at a measured pace in recent weeks. eight districts say growth was modest. st. louis and minneapolis say the growth was stronger. boston said it was slower. then have you new york and philadelphia attributing weakness to hurricane sandy. >>> districts reported concern and uncertainty over the fiscal cliff. that's another theme that runs through this report along with sandy. consumer spending grew modestly. manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and commercial real estate. tight inventories out there for housing. demand was higher for mortgages and auto loans and credit quality overall app

it is not because it is beige, but it could be the absolute beauty, no. it depends how it is done, how it is made, how it looks like. so i was like, let's say, killing the french fashion. i should say france in general. so absolute. it has to be like that. things that i did not feel like. i think it's time i was going, i felt really in love with london. i felt more freedom. when i was going there, it gave me -- [unintelligible] sending like, yes, go on to do the things you feel are good. because it is very conservative in paris. >> only you had come to san francisco. >> yes. >> i can only imagine what you would have produced. [applause] >> that is true. >> here is this good little boy who is be heading classically and is very charming and wonderful and working hard. how did you turn into a bad boy? [laughter] and tell us about the whole business of putting sexuality on the map, as it were. when you go into the exhibition here, it is still shocking to see some of the clothes which are suggesting a kind of pervert petit, never against women. you see a lot o

it is not because it is beige, but it could be the absolute beauty, no. it depends how it is done, how it is made, how it looks like. so i was like, let's say, killing the french fashion. i should say france in general. so absolute. it has to be like that. things that i did not feel like. i think it's time i was going, i felt really in love with london. i felt more freedom.

in a quick read on the latest comments out of the fed's beige book, the fed notes the u.s.conomy is growing at a steady pace. hiring increased in many areas. manufacturing slowed in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it

book out today what is the beige book anyway and who cares we'll tell you why it matters and word of the day let's get to today's capital account.

manufacturing weakened in seven of the 12 fed bank districts according to the beige book. there were outright, slowing or outright contraction in manufacturing. and then of course it is the holiday season coming up here. it says looking to the holiday sales season the districts whose contacts gave an outlook noted mostly upbeat expectations. the report also mentions hurricane sandy hitting the east coast, particularly new york and slowing economic activity there, and it said that contacts in a number of districts were concerned about uncertainty and the fiscal cliff here in washington. tracy and ashley. tracy: peter barnes, thank you very much. ashley: expanded at measured pace. so different language on that. tracy: although, manufacturing slowing or contracting. that is not very good, no. peter, thank you. we have a lot going on down there in d.c. we'll go back to peter in a bit for the latest on the fiscal cliff. but first it is top of the hour. let's get a check on the markets. nicole petallides on the floor of the exchange. nicole, markets didn't move much on that reac

book out today what is the beige book anyway and who cares we'll tell you why it matters and word of the day let's get to today's capital account. when we talk about economic development or prospects on this show we typically talk about debt about private sector innovation we talk about monetary policy probably much of the time we talk about fiscal policy we don't often on this show talk about economic prosperity is primarily a function of political institutions but that's what our next guest thinks is the most crucial maybe we have it all wrong here at least if you believe political institutions play the role that james robinson does his research or a comparative economic and political development he's the david lawrence professor of government at harvard university and he is author of the book why nations fail so thank you for being on the show works i didn't have you wanted to talk about things from this perspective but one pleasure. yes so what role do political institutions in your view play in economic growth why are they so crucial and why is this distinction between inclusive

book 50 shades of beige.work for you? >>> we're going to be covering all afternoon the ongoing discussions here on capitol hill that have basically wrapped up for now among people in congress and the business community. and at 4:45 today the action moves down the street, down pennsylvania avenue to the white house where more of the folks from business will be talking about the fiscal cliff. >> all right, ty. that will do it for us on "power lunch." >>> breaking news on the economy moments away on "street signs." >>> hello and welcome, everybody, to a very special edition of "street signs." we are just seconds away from breaking headl

on the fed's beige book we expect more positive tone all be it conditioned by hurricane sandy. the timing of the cutoff is last monday. so it's unlikely to include any holiday shopping. >> thank you, guys. >> roll tide. >> thank you. >> i thought more people would be coming at us with the notre dame thing. >> where is mary thompson today? >> she is heading to miami for the big game. >>> a down day and it was pretty clear that the markets were watching for signals coming out of washington on the fiscal cliff. and they didn't like what they heard when senate majority leader said he was disappointed with the talks with the republicans to this point. >> we have time. the moment harry reid started speaking you can see the charts that it all falls at the exact moment when he said they thought there would be more progress with the republicans.

the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says the market continued to improve across most districts. selling prices were steady or rising. on employment, over half the districts reported improvements. but in manufacturing, 7 of the 12 districts reported that activity slowed or declined somewhat compared to the previous report. >>> on the tokyo foreign exchange, the dollar is gaining ground against the yen this morning. dollar/yen is fetching 82.04-08 at the moment. analysts say concerns over the u.s. economic outlook eased slightly after u.s. president barack obama and a top republican in congress hinted they were optimistic a

. >>> on the streets, new home sales data and the feds beige book survey will be released. >>> the best consumer confidence reading in nearly five years took investors by surprise yesterday. >>> after hours green mountain coffee perked up more than 20% thanks to sharply higher than expected earnings. >>> elsewhere, monster beverage got a boost from news that the fda is taking a closer look at the health effects of energy drinks. investors are betting a looming crackdown on the industry may be overblown. >>> in the wake of apple's recent apology for the failings of its mapping app, a second employee involved in its mapping operations has reportedly been fired. >>> more than 15,000 of these step 2 children's riding toys are being recalled because kids who lean too far forward on the seat can go over the handle bars. >>> "consumer reports" is out with its third annual naughty and nice list. so retailers nordstrom and kohl's get a thumbs up, that's thanks to their hassle free return policies, while airlines delta and spirit get a lump of coal for their costly upgrades and add-on fees. >>> f

on wednesday the beige book will be out.t tracks activity in regional economies across the country. on thursday the second reading of third quarter's gross domestic product report. the sgpd the broadest measure of the health of the american economy. typically a mark mover. >>> finally at a time of the year when many worry about eating too much, corey book er is preparing to trim his food budget. he will live on the equivalent cost of the food stamp benefit for one week. in the garden state that's $133.26 a month or $33.32 a week. booker initiated this challenge following an exchange with a twitter follower over the role of government in nutrition and the food stamps benefit. he will begin to eat on less than $5 a day on december 4th and he'll be discussing it on social media. food for thought in this time of plenty for so many of us. that will do it for us for today. keep it here where wall street meets main street. have a great week. i will see you next weekend. if we want to improve our schools... ... what should we invest

. >>> the beige book survey will be released.est consumer confidence reading in nearly five years took investors by surprise yesterday. green mountain coffee perked up more than 20%. elsewhere, monster beverage got a boost from news that the fda is taking a closer look at the health effects of energy drinks. investors are betting a looming crack down on the industry may be overblown. >>> in the wake of apple's recent apology for the failings of its mapping app, a second employee has reportedly been fired. >>> more than 15,000 of these step 2 children's riding toys are being recalled because kids who lean too far forward on the seat can go over the handle bar. >>> consumer reports is out with its third annual naughty and nice list and it was nordstrom and kohl's that got thumbs up thanks to their hassle free return policies. while airlines delta and spirit get a lump of coal for their add-on fees. >>> california's debt has put the golden state at the bottom of the annual 50 state financial health check. and for the first time, it

the central bank's beige book report out today showed small gains in hiring and consumer spending, but manufacturing activity slowed down. now, in a separate report, new home sales fell slightly in october, down just 0.3% compared to september and below expectations. the median home price was $237,700, lower than a month earlier. and investors were encouraged by news from spain about a deal to clean up its struggling banking sector. the dow gained 107 points, the nasdaq finished higher by 24, the s&p 500 was up 11. john manley is chief equity strategist at wells fargo advantage funds. >> tom: john, you just heard the c.e.o. at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are you hearing what you want to hear regarding the fiscal cliff? >> no. because i shouldn't be hearing anyt

the so-called beige book survey shows a pickup in consumer spending and home sales in october and earlyber. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of the new coffee will cost $40. that will keep me caffeinated all day long. >> it will change my life every time i sip it. >> yes. >> ashley morrison here in new york. >>> in sports this morning ohio state tried to do the almost impossible, beat duke on its home court. in the first half it looked promising. the

the report known as the beige book, shows steady economic growth in recent weeks, led by consumer spending and home sales, as well. the economy expanded in 9 of the 12 fed regions. but new york, philadelphia and boston saw a slowdown largely because of hurricane sandy. no surprise there. >>> and there's no slowdown in what americans are spending on gas, though. drivers are on pace to spend a record amount at the pump this year. $483 billion or $1.32 billion a day, with gas prices consistently high during the past year. but in a bright spot, though, looking ahead to 2013, the energy department predicts gas will average about $3.44 a gallon. that's about 20 cents lower than this year. >>> and what about the cars and trucks that need filling up? the l.a. auto show opens tomorrow, with vehicles from the ordinary to the out of this world. toyota is getting early buzz with its first redesign of the rav-4 suv in seven years. featuring an intelligent all-wheel drive system. also getting attention, right there. volkswagen's new beetle convertible. >>> and starbucks is rolling out a new coffee. and

the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff. others are not doing well. i think i have figured out the differences between the two clothing companies. maybe it's the marketing campaign that is struggling. here's the classic abercrombie campaign. enough said. and here is aeropostale. buy your stock appropriately. thanks, steve. >>> as always, shoot us an e-mail and let us know why you're awake or text the word awake to 622639. waited so long for. that

john: has not been a single incident of anybody beig hurt. and what the industry calls it is just lean beef trimmings or finely textured. no slimy than other parts of beef. >> the company here hasreceived awards for how good a job they do for consumer safety. it was just one constant is a job. john: and that the company is suing abc. i don't like that. that is saying we disagree and you should just shut up. there ought to be some other way to fight back. but the free speech, we have a right to be foolish. >> they don't have a right to slander or misstate things. john: somebody was. we reported that. >> and the reason why they sued for over a billion dollars, the reason why they sued, we told you this was factually incorrect. we told you you were isparaging our product. what they tried to dubai targeting the supermarkets and the companies may use the product, they're trying to shut them down. john: for the record, if you are upset about what abc said, you should know that there is all kinds of stuff in food that probably would bother you more.

the first lady is wearing a long beige coat. her belly appears a little larger than the last time she was shown in public. that was in early september. the photos are not the only reason for the pregnancy rumors. officials have just announced that mother's day will be added to the official calendar this month. >>> next, "in depth." the southern philippines has been a hot bed of conflict for decades. muslim separatists have waged war against the central government, but there are signs of a possible resolution. the two sides agreed last month to create an autonomous government by 2016, but many challenges remain. our in-depth report looks at the prospects for peace in mindanao. >> the deal was clenched in manila. the chief negotiators put pen to paper. looking on was the president and the chairman of the liberation front. the agreement sets a clear goal and date set up an autonomous government on the island by 2016. >> much work remains to be done in order to fully reap the fruits of this framework agreement. we have commitments t

so what we have behind me is our home beige -- home page on myfoxdc.com. and it will take you to a wealth of inare heading out tod if you are having problems voting, we want to hear about it. make sure to go to poll problems at wttg.com. that is a special e-mail for any issues you may be having. if you scroll down further, you will see d.c. voter services, maryland voter services and virginia so by state, we'll make it more helpful for you so you can find your polling place for d.c. residents so you can see a version of the voter guide and go through and look at everything you need to know. in maryland, even easier here. look at these huge blue tabs. you can look up your voter information and find your polling place by going here. let's scroll down to virginia here. the polls opening here at 6:00 a.m., pretty soon. so you can double-check where you need to vote in case that may have changed. also what i. d. you need to bring. that has changed from recent years so make sure to click on that and look at what you need to know there. some other information we

later this morning, the federal reserve released the october edition of its beige book, a survey of regional economics. apple has reportedly fired the manager responsible for its troubled mapping software. richard williamson, who oversaw the mapping team, was pushed out by senior vice president eddy cue. will some follows in the footsteps of i o s software head scott forstall, who was fired a month ago after refusing to apologize for the maps launch fiasco. >> protesters are calling on the president to scale back his new powers. take a look at video from protesters last night. tens of thousands of people packed the tahir square last night in a demonstration that was mostly peaceful, however one protester died in a scuffle with police. >> we have rain coming all over the bay area in the next few hours we're tracking the latest with erica. will have your latest updates in a minute. >> it is 6 5:10 a.m.. >> we have storm tracker 4 showing that there are a lot of things going on. some of the wind gusts could be up to 50 mi. per hour. >> last we talked to him they stated that it was pretty gusty.

beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting initiating a $7 a share payout on top of the regular dividend. >> and a shake-up at groupon. the board may be considering co-founder being released. >> there's powerball fever. 500 million big ones in the pot. how would you spend the money and how does the fiscal cliff factor in? we'll talk strategy with a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are falling with signs there are troubles with negotiations on capitol hill. a ma

at 2:00 p.m., the fed's latest beige book report. the cleveland fed and fed governor will speak today. we'll get results from american eagle, joseph a. bank, lz boy, and tivo. >>> the l.a. auto show, a car that doubles as a wi-fi hot spot. we'll ask phil lebeau. stay tune for that. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> you're watching "worldwide exchange." >> welcome back to the program. some developments across the eurozone at the moment. first of all, ecb is in a report talking about how a reduction is technically feasible. he reiterates the monetary policy is currently very accommodative. but says the ecb will do whatever it takes to calm this policy. looming layoffs mandated by the country's international lenders in exchange for further bailout funds. the greek prime minister welcomed the agreement, which will rel

. >> all eyes and cameras are on the beige house with white trim. no one is inside. the owner just completed construction and hasn't moved in yet. >> it's not finished yet, nope. >> i just talked to him and he said he just finished painting it and he was laying down the floor. >> there it goes. >> then, the unfinished house is finished forever. >> knew it was coming. the sound is extremely eerie. the cracking and the popping. >> the house shears off from the garage and falls into the river. >> wow. look at that. look at that. >> it starts floating away but then rams into the neighbor's house. >> when it hit it and spun it around, i thought the house would then kind of fall apart but it continued down the river. >> everyone is stunned as the well-constructed house stays together. >> the walls were still in tact, the roof was in tact. it floated down the river like a boat. >> it was hard to believe that a home would stay whole like that and just go down the wash like it did. the guy that built it must have built it very well. >> firefighters wish there was more they co

they're thege ones that are beig smeared right now, so i am hoping that those men and women come forward because the more information we have from them and thema more information we gt from the people who are providing the information, we might be able to get to the bottom of who could have possibly changed the information. >> congressman nunes, thanks for joining us this evening. >> always a pleasure, judge. >> j aoining us on the phone isa member of both the armed services committee and the senate foreignhe relations committee. senator, thanks so much for being with us this evening. >> judge, it's good to be with you. >> all right, senator. the issue, of course, is what general petraeus said on the 14th and what he said this week and how is it that he was able to explain the divide between the two. >> i think, judge, you know, they're being too nice about this whole thing because petraeus, first of all, we know now what he did. he used the name al-qaeda. that was in his report. now, ther if you remember back n 9/11, the original 9/11, the director of national intelligence was establish

i was in beige cbangkok recentl.bering the one-year devastation when the whole city basically was under water and the economy took a terrible hit. there had been huge storms, huge sea surges, floods, not to mention -- and we should remember -- the u.s. went through its worst drought in modern history this year, the warmest 12 months on record. the warmest single month on record in july. so we're being hit on many, many sides. and i just want to emphasize that as we think about the protection which we have to do, we'd better turn to a low carbon energy system if we're going to have a chance against all of this because we need to slow down the human induced climate change as absolutely the first resort. we won't keep up with this damage otherwise. >> jeff sachs, bryan, a pleasure to have yu on. >>> up next, a way to relive old history, bloody old history. back in a moment. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can

number one thing to watch is the beige book. report of economic conditions from each of the 12 federal reserve districts. it gives you some anecdotal evidence what state our economy is really in different u.s. regions. since the report is used at

melissa: the cover is beige. that's why they call it that. number one thing to watch tomorrow, october new home sales. sales were up 5.7% in september. the best annual rate since mid 2010. economists expect a small small rise. david: that is good news. we'll end on good news. melissa francis is next. melissa: i'm melissa francis and here's what's "money" tonight. the great ideas just keep pouring out of d.c. now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one gun store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first