will the bells ring again by christmas? chip reid with the last bell maker. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. today, b.p. pleaded guilty to criminal charges and agreed to pay the largest fine in u.s. history more than two years after its drilling operation killed 11 workers and unleashed the largest accidental oil still ever. 11 deepwater horizon exploded what followed was a gusher that ran for 85 days, spilling an estimated 172 million gallons. the company agreed to pay 4.5 billion dollars in fines. two bp employees will be charged with manslaughter, and a third with lying to isngress. manuel bojorquez is in new orleans with details of what bp knew before the explosion. >> reporter: two former b.p. employees charged with manslaughter were the highest ranking b.p. supervisors on seepwater horizon. they were in charge of the test that signaled grave danger the afternoon of the explosion. on. test found signs that combustible gas was seeping into the well. the indictment alleges b.p. managers,

you found it. >> pelley: finally tonight, we're approaching the season of bells, slaig belles, bellsofort mall. there was a time that those bells were made in america, but eventually there was only one factory left producing the sound of christmas, and now, it's gone. but chip reid tells us the owner refuses to surrender to a silent night. >> reporter: beneath the melted metal and burned brickes, 45-year-old matt bevens searched for a familiar sound. for 180 years, this was the site of his family business, beven brothers. but in may, lightning destroyed his family's history. >> to know that my ancestors for six generations have stood on this exact spot and made bells... in-- in bell town, u.s.a., it means a lot to me. >> reporter: east hampton, connecticut, is called bell town, u.s.a., because there were once more than 30 bell makers here. beven was the last one. beven brothers made the first bicycle bell in 1865. in 1923, bevens bells started calling children to the good humor ice cream truck, and one of its bell hlz a starring role in the christmas classic "it's a wonderful life."

in 1923 bevince bells started calling children to the good humor ice cream truck and one of its bellstarring role in the christmas class jic "it's a wonderful life." >> look daddy, every time a bell rings an angel gets his wings. >> reporter: today matt bevin is starting over. 14 of his 27 employees are back at work in this temporary factory trying to rebuild their biggest order, 25,000 bells for the salvation army's kettle ring. >> we aren't just making wishes. we're not even just in the bell business. we're in the memory business. we're making memories. >> reporter: since the fire hundreds of those memories have made their way to his mail box in the form of handwritten letters, all from people who wanted to share their own bell stories. >> i'm going to start crying. i'm glad your bells are still made in the united states of america. >> reporter: he vows to rebuild where this rubble now lies. >> what is it about bells that move people? >> when you think about a bell it's just two little pieces of metal banging together but they symbolize something much greater. they symbolize dreams,

. >> for everyone else, we'll be back with bell ringing. lots and lots of bell ringing, in fact. with us. ♪ ♪ ♪ ♪ even though our mom tries, she doesn't really get us. and she'll never know who we are, or what... no way, madden girls?? nike! they're so awesome! nike! wow! yeahhhh! thank you! who's your mommy now? it's a christmas miracle. give victoriously. famous brands. famously easy. famous footwear. victory is yours. just mix together a few nasimple ingredients... andng. "voila". so for truvia baking blend, we mix sweetness from the stevia leaf with sugar, for a blend that bakes and browns like sugar, with 75% fewer calories per serving. . >>> heavy rain and winds moving through as second of storms arrive. tens of thousands have lost power. >>> i'm meteorologist mike nicco. we are on storm watch. second in a series of storms. heaviest rains and wi with a new york hotel maid to settle her charge of sex abuse against him. >>> and finally from us this friday morning, an indiana man is trying to raise bell-ringing to very new heights. pastor billy nichiren has been ringing his ha

bell labs. the second was, um, cellular telephone. where was cellular telephone delivered? innovated? bell labs. and arguably the third is the radio technology that's used which is essentially cdma, and i'll give a small plug to mit. that was originally begun to be developed here for military uses and then professor jacobs moved to san diego, started qualcomm, and that's the technology used throughout the world. and what i see as a worry is most u.s. industry does not want to do fundamental research. we do have government labs, but i would say charitably they're less than a success. in terms of innovation. and so big innovations like transistors and cell cell phoneu know, only come very long time period. so it's hard to make predictions. but i don't think we ever do want to lose sight of many of the enabling technologies, pretty much everything we use today, you know, came from transistors in terms of electronics, and it's completely changed the world. so are we going to get innovations like tha

bell labs. the second was cellular telephones. where was the cellular telephone developed? bell labs. and arguably the third is ready a technology that is used, which is essentially cma. i will give a small plot to mit. that was originally a military use, and then professor jacobs move to san diego and started qualcomm, and that is the technology used through the world. but i see as the war rages most u.s. industry does not want to do fundamental -- but what i see as a worry as most u.s. industry is not what to do fundamental research. big innovations like transistors and the cell phones, they only, and very long times, so it is hard to make predictions, but i don't think we ever want to lose sight. many of the enabling technologies, pretty much everything we use today came from transistors in terms of electronics, and it has completely changed the world. so are we going to get innovations like that in the future? that remains to be seen. >> gentlemen, you mentioned the importance of wireless over the past 20 years. one-third of u.s. families have cut the cord. last year, a

closing bell ringing in 51 minutes. disney reporting after the bell. investors will be very interested in a franchise that started a long time ago in a galaxy far far away. of course i'm talking about star wars; right? how will disney's 4 billion dollars purchase of lucas film impact the media giant's future? and what about the very near future? earnings after the bell. well before the bell, dennis neal gives us a sneak peek into that future. can you say espn? everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their ftsteps can help the next generation find their own path. all of us serving you. us bank liz: the power mover of the hour is a stock that was just plummeting a few days ago. it is monster worldwide. this is a job search company. they reported a third quarter loss this m

you see blake bell losing age on that play.right, 6'2," and it comes down to one snap of the football with 27 seconds left. this is the correct decision for bob stoops. blake bell coming off the field. the senior, landry jones, he's thrown for 500 yards. the game is in his hands at this point. >> craig: oklahoma 4 of 6 on fourth down this season. they need three yards to keep this drive alive. 27 seconds on the clock, down five. touchdown, stills! touchdown, oklahoma. >> joel: you talk about pressure. landry jones throws a perfect slant pass on fourth down to his most experienced receiver, kenny stills. >> craig: now a two-point attempt. try to make it a three-point spre 50-49. it falls incomplete. there's 24 seconds remaining. a one-point game in morgantown. >> joel: landry jones had a wonderful window to throw to. that's as clean a window as you're going to get for a slant pass. dana holgorsen can't be happy. he's got to be thinking he's got 24 more seconds and bob stoops is thinking we still got 24 more seconds. >> craig: te

closing bell seven minutes away. you need to stick around. earnings coming up "after the bell" but coming up viable tell you what stock is the worst performer on the s&p 500 today. by the way a good percentage of s&p companies are now down 10%. so in correction territory. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritr

that's all ahead on this special edition of the "closing bell." i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. so far we've heard a lot of talk about raising taxes to help solve the fiscal cliff with next to nothing about cutting wasteful spending before demanding more in tax revenue. eamon javers is in washington with details of a new report highlighting some of the shocking things that our tax dollars

his oversized salary in bell. that was his last job. even though he only held the position a year, he says his pension should be based on that pay. chief randy adams i'm from cnn. we caught up with randy adams in simi valley. the people of the city of bell saw you milked them for he a sal extraordinarily high and now you're doing the same thing with the state. >> well, i disagree, of course, with those types of characterizations. when one day i'm able to tell my complete side of the story, i think you'll see there is a completely different side to that story. unfortunately, i can't talk at length about it, but that's the situation. >> do you think you deserve to make double what the lapd chief made? >> i've made all the comments i can make at this time. >> i spoke to his attorney by telephone who said adams is a good cop who does deserve to double his pension to half a million dollars a year for that one year of service in bell. but the people who run california's pension system say absolutely not. what is he asking for? >> basically he

it may sound bad, but it's a really good thing for the struggling bell.e'll explain why that's the case later on the "closing bell." stay tuned. and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it. is everyone okay? well, now, yeah. who knows later. ♪ ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. the new 2013 lexus ls. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it

let's get ready for "after the bell". go to radio shack, they don't have as many tech nerds, they have popular mechanics, popular science guys who knew everything, not so much, harder for them to get people working for them because they don't have the cash. liz: radio shack -- let's go to lauren simonetti at the new york stock exchange. you heard it yesterday afternoon. andrew mason will stay with the company even though stock has been a mess. shareholders do not like the news. >> they do not. the stock is down substantially. this year it is down 80% but and room mason is saying according to the board. liz: ever since the election we have seen coal stocks diving. they had some hope that things were going to turn around if romney was elected because he was speaking i me with them but today they got the boot. >> coal stocks up dramatically today. walter energy refuse to comment on the entrance in them keeping the sector on fire. the et of jumping, names like james river and natural resources all above 3% or 1%. liz: costco

it is this bell. the prize up for grabs in tonight's bell rivalry game between stewart and falls church high schools. a match-up that dates back 50- plus years. >> don't lose the bell. when i got hired, that was the only thing the principal asked of me. don't lose the bell. >> reporter: the story goes the bell came from the u.s.s. jeb stewart and became the center piece of this decades- old rivalry. the winner gets to keep it all yearlong. these players prarring for a contest that began in 1960 when the falls church assistant principal left to become principal of the newly opened jeb stewart high school and suggested the friendly football competition. >> this is something great tore play for at the end, something to look forward to. >> reporter: falls church junior did he on dupont is hoping for his first bell rivalry victory but not the first for members of his family. >> my brother played in it, my cousin played in it. they always won the be. >> reporter: bragging rights for the school and community

and three people were killed here in belle harbor.man bled to death when she was cut by flying glass, and two men drowned in their basements. those deaths would have been mourned here at the harbor light pub, the place for first dates, wedding receptions, and irish wakes. it was here 32 years, owned by a man who lost a son and now a business, sean heeren's dad. your dad's restaurant, the harbor light, is really the center of this community, it seems, for most people. >> herren: a lot of good times. if those walls could talk, you know, a lot of good times. it became a place where everybody could go, almost like a cheers, you know. >> james brennan: i'm in the restaurant business now, and my first job was as an 11-year-old bus boy at the harbor light, which i got fired from, and then i got rehired as a dishwasher. >> pelley: the homes they knew were ruined by the sea. the houses of belle harbor are turned inside out-- the debris out front, same as the next house and the next and on down the street. out where the kids play, the navy land

bell up-ended by p.j. smith. time-out called by nebraska leaving the huskers with one with 2:21 left. tonight on abc's saturday into the football, national championship hopes on line in the big 12 for k-state. the wildcats host number 24 oklahoma state. 8:00 eastern time and 5:00 pacific. another series with a knack for having close games. >> chris: i just think kansas state with collin klein, everything going for them and number two and no longer flying under the radar. do you feel an upset there? >> sean: i do. >> chris: that is the one you feel the upset? i kind of feel it too. time of the year nobody is talking about whether lsu can knock off alabama down there. i'll go with that one too! i got to get one of them right! >> sean: bid on one, everyone says, that spielman said that. second and seven. bell. nebraska will use their last time-out, you would think. for the moment, they are not. they will after this play, almost certainly. rather than punt them down and try to stop them and make them punt deep in the

"closing bell" is next. >>> happy friday, everybody. welcome to "the closing bell." i'm bill griffeth here at the new york stock exchanges. maria will be along momentarily. it is the final trading hour of the month. so far, it doesn't look like it will be a positive month thanks in large part to volatility from the fiscal cliff mess. the dow is down right now for the month. it's pretty close, though. the s&p and the nasdaq are on track for winning months. here's how we stand now. a bit of volatility. not as much as we've seen lately. i will point out there's a rebalancing of a major international index occurring on the close today, so we're going to get a bunch of volume, maybe more volatility. we'll watch that through the final hour. right now the dow is down 24 points at 12,997. we're back below 13,000 at this hour. the nasdaq, as we said, positive for the month, is down 8.5 points right now. still above 3,000 at 3,003 and change. the s&p 500 is down three points. a little selling here in the beginning of the last hour, now at 1412. as we head into the last month o

welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. >> minor gains once again. i'm bill griffeth. other stories we're following, the white house and big labor have been meeting on the fiscal cliff today. taxing the rich, certainly a big topic of discussion. then tomorrow business leaders will have their say. the president will have the latest on that coming up. >> two big and exclusive interviews coming up. cisco ceo coming with me on the show as soon as earnings come out. that will be at the top of the next hour. and nyse ceo with us giving us an update two weeks after sandy historically closed sandy for two days. >> still a miracle they got things open when they did. we're oall following the latest in the general petraeus scandal. unbelievable twists, even today. we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional

"closing bell" is next. >>> hi, everybody. happy friday to you. welcome to the "closing bell." i'm maria bartiromo at new york stock exchange. job creation up, but so is the unemployment rate. stocks are down. we're seeing losses mount today as we approach the final stretch. >> i'm bill griffeth. investors not exactly taking comfort from the october jobs report. wall street remaining cautious, apparently, ahead of tuesday's presidential election. here's where we stand in the final hour with the dollar moving higher today. that's pushing a lot of asset classes lower. the dow now down 102 points just off the lows of the session at 13,130. the nasdaq down 24 points, almost a full percent there at 2995. the s&p 500 index is also lower, down 8-plus points at 1418. >> i guess i would have expected a different reaction to these numbers today. so what is behind this slide in stocks? >> in today's "closing bell exchange," we have ed batowski along with ron ensana and rick santelli. rick, what's your take on the action here? as i said, you've had a strong dollar. that's pushing oil and g

closing bell ringing in 49 minutes. we've lost lsm all of our gains here -- we've lost almost all of our gains here but we have seen that a couple times today. and the president saying americans voted for action, but what is really happening inside the beltway? our rich edson is in there. he will let us know what he's hearing. that's next. liz: the power mover of the hour, we've got to look at kayak. take a look at the shares of this travel website. they are skyrocketing, nearly 28% at this hour. after news broke that rival site priceline would be purchasing the whole company for 1.8 billion dollars. kayak just had its ipo in july. suddenly they are being bought. and the biggest deal to date for priceline. it hopes to use the acquisition to add customers that it works to increase sales and fend off competition, and we can see the shares of priceline while they are down just a little bit today as far as kayak is concerned, those shares of kayak hitting all-time high today. dow jones industrials still holding on to gains

he's here exclusively later on the "closing bell." male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. take a look at the damage today on wall street. triple-digit decline. we're off of the lows, which were down about 300 earlier today. the investment community reacting to the prospect of higher taxes among

cheryl: closing bell ringing in 6 minutes.g up, we will tell you about one alternative fuel company making a big jump this today's trading after announcing a partnership deal with general electric. i'm going to tell you what it is coming up. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. you know it can be hard to lbreathe, and how that feels.s. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd are-ups. spiriva is the only once-daily inhaled copd maintenance treatment at does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden sympms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medici

or there is a small bell and if you walk over to the bell and ring it three times it means you quit. what instructors do is rig up this little contraption so that wherever the class when the bell would follow. if you ask the instructor is why do you do that? what follows around with the bell and never make it is more than 30 or 40 yards from the class? instructors tell you they will say we do that because we believe in excellent customer service. what they do is follow you around and up with who's bell and i can remember what was for our class the hardest moments of the hardest week of the hardest military training in the world. the moment came at the beginning of the second night. for a lot of people adrenaline had carried them through the first night and we arrived at the beginning of the second night and we are thinking i am more tired and more exhausted than i have ever been in my entire life and we are thinking i cannot believe this is only the beginning of the second night. at which point one of the instructors get on their bullhorns and say that is right, gentlemen. it is only

howard county searching for two men in connection with shooting of a taco bell manager. witnesses tell us the manager had run next door to buy something and was on the way back when he was ambushed. nearby businesses are saying to late shift workers to be extra cautious. >> if you are working left hand we advise to the people do not come out when you are working land. >> the taco bell manager was flown to maryland shock trauma with multiple gunshot wounds. >> the school superintendent is scheduled to deliver his first state of the school address today for montgomery county. the public is invited. it will be at the strathmore music center 8:30 this morning. the theme for the speech is building the future together. >> president obama marked veterans day by paying tribute to the men and women who have served. he laid a wreath at the tomb of the unknown. he also praised the sacrifices made by service members and talked about taking care of veterans who suffer from post-traumatic stress disorder. a tribute to the veterans of the vietnam war. a ceremony was held on the nationa

welcome to the "closing bell," this special edition. i'm maria bartiromo. today, voters out in force right now at the polling booths on this election tuesday. the bulls are on the move on wall street as well. >> boy, they sure are. i'm bill griffeth. a lot going on today. the markets reflecting the close nature of the president race. both sides trying to spin it their way. if you believe what the equity markets are saying, maybe we could see a mitt romney victory. if you believe what most commodities are pointing to, it could be a re-election for the president. one thing is for sure. someone will be elected tonight or even tomorrow if it's a photo finish. >> absolutely. let's look at big rally here. the dow holding on to a triple-digit gain throughout the session today. we're off the best levels of the session. nonetheless, up 143 points on the industrial average. that's better than 1%. a similar move for the nasdaq. 12 points higher, again off the best levels of 1311. the s&p 500 currently showing a gain of nearly 1%, about 12 points higher. so what are th

later on "closing bell."take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. >>> just before the break as part of the dividend, we asked, which company's stock with earnings out tomorrow morning has dropped the most this year? constellation energy, jcpenney or nutrisystem? now the payoff. jcpenney, which has fallen year to date. >> what a move apple has had the last couple weeks. the stock leading the tech sector lower today. seema mody with the story. >> well, the bears keep crawling over apple. let's sum up some of the key technical levels apple has broken over the past week. it started on friday when it closed below its 200-day moving average. that was the first time it closed below that level since november o

you see blake bell losing yardage on that play.t, 6'2," and it comes down to one snap of the football with 27 seconds left. this is the correct decision for bob stoops. blake bell coming off the field. the senior, landry jones, he's thrown for 500 yards. the game is in his hands at this point. >> craig: oklahoma 4 of 6 on fourth down this season. they need three yards to keep this drive alive. 27 seconds on the clock, down five. touchdown, stills! touchdown, oklahoma. >> joel: you talk about pressure. landry jones throws a perfect slant pass on fourth down to his most experienced receiver, kenny stills. >> craig: now a two-point attempt. try to maket a three-point spread, 50-49. it falls incomplete. there's 24 seconds remaining. a one-point game in morgantown. >> joel: landry jones had a wonderful window to throw to. that's as clean a window as you're going to get for a slant pass. dana holgorsen can't be happy. he's got to be thinking he's got 24 more seconds and bob stoops is thinking we still got 24 more seconds. >> craig: ten c

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the closing bell rings 41 minutes.cane sandy could claim the future of chief executive from my capital may have been blown away. one ceo in the crossfire. ♪ bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] dex office. now save 50% on banners. liz: and a market check look at apple down more than 1% as the new ipad did is hitting the stores not normally but huge line the die-hard apple fans to not want to miss the launch a few did lineup for the 86 per usually when apple launches the stock does go down. but look at groupon shares in the red hitting record lows. and has fallen nearly 81%. the se

bell. countdown begins right now. no november chill on this first day of trade for the new month at least for trading. a little cold outside but this after a down october. the first down october in four years. although most of us in the northeast have definitely not put the shock of hurricane sandy behind us, it looks like the markets at least for now are doing that today. trying to make a go of it. dow jones industrials on track for the first 1% gain since september 13th. that's session highs today. the the dow was up more than 177 points. we're still holding on to pretty significant gains here of about 130. leading the dow right now, bank of america, caterpillar, microsoft, caterpillar should be no surprise to anyone. earth-moving equipment will be in great need post sandy. shares of companies expected to benefit from all of the rebuilding after hurricane sandy are rallying today. take a look at masco, up nearly 7%. they do home improvement and building products. then you've got trex company, manufacture and distrib

closing bell ringing in 38 minutes. today's fiat chrysler ceo sergio marchionne announced an expansion of chrysler's manufacturing to keep up with demand, 31 straight months of sales. any way you slice it is a success story. does the struggling european fiat have the cash to buy the remaining stake in chrysler. jeff flock with a microphone in the troy talking to the man behind the machine. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others thrgh direct contact. women, especially those who are or who may become pregnant, and children should avoid contact whe axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditns and medications. do not use

we've got 49 minutes before the closing bell. the dow jones industrial average is higher by 81 points. we're at the highs of the session at this point. 12,959. the nasdaq is also in positive territory by 14 points. >> some of the nation's top business leaders set to meet president obama at the white house. there's a live shot of it. up next, we're joined by one ceo who says stop all the tax hike talk, we have a spending problem. that's what matters most. >>> plus, rising above the rhetoric. we hear from one republican who says the best way to fix the debt is to cut spending and raise taxes on the rich. >>> and later, don't look now, but the tax benefits from your 401(k) could be on the chopping block as part of a broad fiscal cliff deal. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, sev

. >> "closing bell" right now. >>> hi, everybody. welcome to the "closing bell." i'm maria bartiromo. today coming to you live from the jpmorgan ceo technology summit. lots to talk about here. the fiscal cliff clearly remaining a hot button issue and a market driver. did the president's remarks on that today blunt the rally? we're taking a look. then we've got some heavy hitters lined up for you to talk about that, including former treasury secretary larry summers. he'll be with me in a few moments. we'll talk about strategy coming out of the white house today and what he thinks the president should do. later, it's the big interview of the day. my exclusive one on one with jpmorgan chase ceo jamie dimon. you'll want to hear what he thinks about budget crisis, what needs to be done to fix it, and the banking sector. bill. >> well, i'm bill griffeth. we can't wait to hear what jamie dimon has to say about the fiscal cliff. it's the talk of the day. based on wall street's reaction to what president obama and house speaker boehner had to say earlier today, it is clear

welcome to "closing bell." i'm bill griffeth at the new york stock exchange. >> ime chwe're off the lows of e session. >> let's show you the markets right now. we had a lot of 120 points at the low 69 session. now it's about half that amount, down 60 points on the dow at 12,949. the nasdaq is positive right now, thanks mainly to apple which is up 3-plus percent today. citi just initi initiated cover apple. >> just now? >> they didn't have coverage before? >> maybe the previous analyst -- >> they had a new analyst. yes, he likes it. anyway, s&p is down almost five points, off its lows at 1404. fears of the fiscal cliff taking center stage once again, driving stocks lower after last week's 3% surge. that big gain friday, 172 points. we lost a third of that right now. how can you protect your for portfolio? we have chief washington correspondent john harwood, bill from coors state capital advisers who has a review of the new "lincoln" movie, lee munson and senior economics reporter steve liesman, plus mary thompso

it happened early this morning outside a taco bell in columbia, maryland.taco bell restaurant is in a strip mall just off snowden river parkway in columbia. there's an auto parts store there, a beauty supply shop, several fast food outlets and a senior living facility next- door. most considered it safe until now. small groups of teens and young adults have stopped by the taco bell on minstrel way all day after hearing what happened to the manager. police say he was shot several times by two men he confronted outside the store just before 1 a.m. >> he always has a smile and greets people. he's always nice, so it's just really terrible. >> reporter: witnesses say the incident actually began with an altercation at this pizza hut and then spilled over into the taco bell parking lot and a manager there wound up right in the middle of it. bria wilson's friend works at the taco bell. >> she told me the manager had walked outside and then he got shot because i guess they got in an altercation in the parking lot. >> reporter: the manager made it back inside after h

>> when the bell range, it was marquez who dictated the early flow. >> good body shot by marquez.pper cut by marquez, huge left hook, buckled pacquiao [ bell ringing ] >> by the third round, pacquiao was finding his range and a familiar brand of action was intensified. >> it was a late-round rally for pacquiao. >> this could change back and forth. >> down goes marquez, on a straight left hand perfect shot by pacquiao! >> i thought it's over. but he got lucky. [ bell ringing ] >> good fight, it could go like this all night. >> marquez almost went down the second time, and he almost went to the wrong corner as well. >> as in the first fight, marquez recovered and from there, the bout tightened. with nearly every round evenly matched and the fight too close to call. >> marquez trying to shock him with aggression. >> one of those rounds too close to call was round six. >> he said i want you to get busy that is what manny needs to do, go in and throw punches in bunches. >> a scientific round. a good boxing match, that is what boxing is all about, the kou counter punches, the aggressive

closing bell ringing in 51 minutes from now. union workers paralyzing an already bankrupt hostess brands. the twinkie maker warning about plant closures putting the iconic brand in jeopardy as an attempt to claw its way out of bankruptcy. coming up, we will talk to the ceo of hostess brands, gregory rayburn in a fox business exclusive. having you ship my gifts couldn't be eaer. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. cheryl: power mover of the hour is titanium metals, the producer and seller of titanium products is skyrocketing on reports of an agreement to be acquired by precision castparts. look at this chart. i had to show this to you. it is hitting new 52 week high today. also taking a look at precision castparts, that stock as well. i hit smith and wesson, my apoll jis -- my apologies. there's titanium and precision castparts. my apologies to the big screen here. save me

bell" will have much more on this deal. >> down 54% year to date. thank you so much for joining us today. >> i'm off tomorrow. you got here. happy thanksgiving, everybody. >> "closing bell" is next. >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm marcich -- maria bartiromo the new york stock exchange. a shocking loss at hewlett-packard, damaging the entire market. the story broken here on cnbc by david faber earlier. >> this has been a really newsy day for a holiday shortened week. i'm bill griffeth. let's show you the markets, how they've been trading here. it will be pretty evident when ben baernanke made that comment that the fed doesn't have the tools to deal with the economy should we go off the fiscal cliff. down it went. we were down 94 points on the dow on the low of the session. now off that low, down 39 at 12,756. nasdaq's lower. apple is also lower today after that monster 7% plus rally yesterday. it's down about a percent right now. the nasdaq down 8-plus points. the s&p is down 3 at 1383. >> not a lot o

and we also like to avoid making any bell changes. it is very enter connected complicated developing transportation system and obviously bell times have a huge impact on our ability to efficiently use limited buses. we recognize that changing bell times is disruptive for the entire community, including families not using transportation and families using special education services and so we wanted to avoid any recommendation that included bell changes. we also wanted to minimize the number of schools and the number of riders that would be impacted. and we wanted to make sure that we could align our process with the enrollment cycle so that family woulds have the information well in advance and on time for that could inform their decisions with regard to applications for next year. >> so the changes we are recommending is to reduce the services to aptis and hove and to eliminate to lou and new traditions the students with iep that requires transportation will not be required by these recommendations. the next few slides go over the imp

that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. >>> welcome back. the fight over the fiscal cliff heating up with both parties accusing the other of failing to offer substantial plans. >> to this point, that's right. without a deal, automatic spending cuts and higher taxes will kick in january 1st. that's something our next guest wants to avoid. we welcome back democratic congressman charlie rangel of new york. good to see you. welcome back. >> good to be back. >> we're at that awkward part of the negotiating process where nobody wants to be the fi

"closing bell" coming up next. >>> hi, everybody. welcome to the "closing bell." i'm maria bartiromo today coming to you live in chicago. the post-election stock slide is continuing on wall street today. another day in the red as the traders digest the president's first news conference since the election. fiscal cliff negotiations going on right now in the white house. bill, good afternoon. >> hello. i'm bill griffeth here at new york stock exchange. we have huge news making interviews coming up. stay tuned for kkr's founder george roberts, the new best buy ceo in his first television interview since taking over that troubled company, and charles schwa b's ceo will be joining us as well. >> also, israel launches a massive military operation in response to hamas. >> gold also higher. one of those days where energy went higher and stocks went lower. we're setting lows right now. the dow down 126 points at the 12,629 level. the nasdaq and s&p are also moving lower. the nasdaq has moved into correction territory, down about 10% from its highs set earlier this year. th

we have 34 minutes before the closing bell. next guest is a democratic congressman who's unwilling to make any cuts to social security and medicare. if more sign on to his way of thinking, are we sure to go over the fiscal cliff? >>> defense companies are hoarding cash ahead of the fiscal cliff as well. could they be the next companies to reward shareholders with big, special dividends, or are they worried they'll need the cash because a bad storm is approaching courtesy of the fiscal cliff? back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all

or there's a small bell, and if you walk over to that bell and you ring it three times, it means that you've quit. now, what the instructors would do during hell week is they'd rig up this little contraption so that wherever the class went, the bell would follow us. and if you asked the instructors why do you do that, why do you follow us around with the bell and make sure it's never more than 30 or 0 yards away from the class, the instructors will say we do that because we believe in excellent customer service. [laughter] so what they do is they follow you around with this bell as you're going through hell week. and i can remember what was for our class the hardest moment of the hardest week of the hardest military training in the world. and that moment came at the beginning of the second night. so for a lot of people, their adrenaline had carried them through the first night and the next day, and we arrived at the beginning of the second night, and we're thinking to ourselves i am more tired and more exhausted and more beaten than i have ever been in my entire life, and we're thinki

closing bell ringing in six minutes.of one company falling off the shelf after it reported a mixed bag for the second quarter results. stay tuned. you may own it. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing est, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being rdy, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. all in hardcover books is continuing. just look at a barnes and noble, falling 11%, nearly 12%. quarterly results were worse than expected. enook the is not keeping up with demand to the kindle, the one in my neighborhood just closed down. that is depressing. i like reading the book itself. am i the only one? do you still read our book? dave: i have trouble with the reflection and glare on the e readers as well. the m

the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations 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. melissa: green mountain is percolating up more than 28% on monster volume. a great move, so it is our power mover of the day. i picked up a one-month chart, is pretty dramatic. treating the shorts like roadkill. 33% of the stock is short. a one-week picture, that is even more dramatic, but the shorts have been s