[thunder] bertha. bertha, my darling daughter, it's all a mistake, i'm certain.at awful message, delivered the way it was, turned poor bertha...blind. oh, my baby. my poor, poor baby. crocket's voice: oh, grim times was upon us, i'll tell you. how quick everything changed-- poor dear bertha living in her world of darkness, and old caleb beside himself with grief. all he did was nurse his daughter. didn't touch the unfinished toys, and christmas was only a short way off. and when the happy season came, he wasn't ready. he didn't sell one toy that year. made nary a halfpenny. yeah, what money he did have all went to the doctors he brought in, but they could do no good, and caleb, not thinking, went out and borrowed more and more money, never having any idea how he was going to pay it back. [evil laughter] and one sad day, they could no longer pay the rent, and they were deep in debt. old caleb had no choice but to pack up and leave. [wind blowing] oh, they was hard times, i can tell you. long, hungry days, looking for a bit of work, anything. and finally, one day..

. >> to nasdaq, bertha coombs following big movers there. we have the advance there as well. >> we do. nasdaq 100 outperforming thanks to apple's recovery. off of the highs of the day. nonetheless it is contributing about a third of the outside impact to the nasdaq 100. facebook will be added tomorrow.

let's send it to bertha coombs in the meantime for a quick market flash what are you watching, berthait of a spike on whirlpool. looks like the association appliancemaker releasing data that shows appliances looking pretty good. told data, up 1% compared to expectations which was looking for a fall whirlpool very nice looking chart at a new two and a half year high up 117% year-to-date. >> bertha, thank you. >>> coming up, herb will crown the aforementioned worst ceo of the year. >> instagram revolt on social media. does the photo app really have the right to sell your pictures? tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsma

over to bertha coombs for a quick market flash. bertha? today a little bit of pressure, our chip sectors. jeffries this morning out with the note saying that they have seen some indications that over the last 24 to 48 hours that assemblers for apple's i-phones have gotten some component cuts and they're seeing larger cuts as assembly bottom links have not improved. he thinks this will weigh on suppliers and that is what we're seeing today. qualcomm, cirrus, triquint and if you look at how the stocks have performed as apple declined getting back toward $500 today they've also been under some pressure. cirrus in particular has been off about 16% over the last month falling right along with apple. carl? >> continues to lose ground here this morning, bertha. 508 is not far away from 505 the november lows. thanks. rising milk prices are contributing to what some are calling a milk crisis for the dairy industry. could that lead to a chocolate cri crisis this holiday season? please tell me you did not bring any samples. >> you'll have to wait. >>

bertha mentioned right before we came on about the death cross.y team today, we looked at death cross. am experienced the death cross 21 times since 1984. we ran some forward returns and found over the next 5, 10, and 20 days apple has weakness. we don't see science of positive returns until 40 days. that's two months from now wekds positive returns on average. i think we have lower to go here. >> actually, i think you have fairly good seasonal strength in december and january through iphone sales. i think that's run with of the big catalysts for the company. you've got this product. you recently signed an agreement with sprint. you have t-mobile coming in next year. you have the carriers lining up and starting to sign. only two years ago you had one carrier, at&t. now you have four coming up. because it's been in decline so much, this is a good time to, you know, buy. maybe get a couple dollars cheaper. >> good conversation, guys. you both made good cases right now on a stock that everybody is watching these days. thanks for joining us. appreciat

back to you. >> thank you very much, bertha. we'll keep checking back with you and monitoring the situation. obviously an incredibly tragic situation still unfolding in newtown, connecticut. we will keep you up to date as new information does become available, but right now we turn our attention to what we do here at cnbc. our focus is the markets. we will be following the other story that is unfolding in connecticut. we're going to look at the economy, the looming fiscal cliff. my partner, tyler mathisen kicks it off for us at the new york stock exchange. >> thank you very much. it is a quiet day down here at the new york stock exchange where the major averages are not really doing very much at this hour. let's take a look. the industrials are down 7 2/3 points at 13,163. nasdaq a little bit lower also in percentage terms. also a percentage at 29891.48. 2 3/4 right now at 1416.74. it would appear the markets are watchfully waiting to see what comes out of washington, if anything. of course, mr. boehner has gone back to his home

bertha's got the latest on that. bertha? >> yeah, it's had a really strong day, b of a, extending those gains right now to an 18-month high. it closed at the highs of the day there at $11 a share. whitney says despite the monster run in financials and b of a up, the big banks are better capitalized and poised to be able to deploy earnings more freely. the feds march c-car will serve as what she calls the near term catalyst. the fed should allow b of a more room to use its capital and she thinks the board could quadruple the dividend. she also had citi and discover financial. whitney will be on with maria to talk about that call tomorrow. >> thank you, bertha. when she speaks, especially when it comes to the bank stocks, the stocks do move. do you buy into this move higher? is that a monster run? on top of it, meredith whit nne is saying, next year, they could be more free -- >> i buy into it for people that are looking for econocompanies are going to make money. but the call that suddenly these guys are not going to have to

bertha coombs is tracking that one today. bertha, what do you see? >> strength in retail today.nd this afternoon, we're seeing sears take a little bit of a kicks-up. sears, one of the worst performers last month. actually, the last three quarters it hasn't done well. the speculation that it didn't do so well perhaps the beginning of black friday of the season. but getting a tick up here today. the company also today announcing it's going to distribute $1 million in gift cards through the fifth annual heroes at home for veterans. back to you. >> let's get a quick trade. joe, you like sears? >> absolutely not. the presentation of the store is absolutely horrible. the e-commerce strategy has not been good and the marketing costs continuing to rise. today it's up a little bit, heavy short interest in the name. there has been for the last three or four years. it really has not been a secular winner in the retail space. i would sell. >> what's the stock done year-to-date? >> well, first quarter, the -- first quarter of this year, the stock did incredibly well. >> monster, right? >> mo

bertha?of the other things a lot of folks seeing who might be the next company to issue special dividend or accelerate dividend and some looking to began. i spoke with analyst betty chen at web bush and she says the rumors have been out there maybe they might but doesn't think they will. they are normally very aggressive with dividends vand been in the past but this year, trying to recent benefits of some of those investments and some of those pay down and a lot of the cases, tyler and sue, often when there is a major shareholder pushing for this and she doesn't think that will be the case with gap. >> thank you very much, bertha. take a look now at the bond market. rick san telly is off today, his pale substitute is here that would be me. treasuries moving higher in price, as you see there the two the five you can the 10 and the 2 3 0 with the yields commensurately lower. a rick i asks so pointedly and often, would you lend the federal government your money at 1.6% for ten years? evidently,

let's get to bertha for today's winners and losers. bertha?look over here at the wall, it's kind of telling the story. we had a pretty big monster rally today in terms of most everything in the s&p 500 today, was in the green. very few losers here. we had a couple of, hp was one of the losers, jcpenney, but nothing off more than 1% and change or so. as you mentioned, today, financials were the best performers. even before that meredith whitney call offhoafter hours, d bank of america closing for the fi

the rest of us, just paper. >> bertha, thank you. dr. jay, this is going to be one of, if not the most talked about stock in 2013. i can just feel it. what's going to happen with apple? >> it's the most talked about stock every day, scott. every day, whether it is twitter or -- >> because it is owned by such a tremendous number of investors. what can they expect in 2013? >> they shook out a lot of those investors, scott, not necessarily with the first 50 or 100 points, but the next 100 points from 705 down to 505, that's where they shook out a lot of the rest of the folks. so as i've said for months now, i believe that this kicks off 2013 very strong, continues the momentum into a launch of a new product, which many of us believe will be apple tv. i still hold that view and think the stock will outperform in the first and second quarters. >> let's do the biggest pops and drops in midday trading on the final trading day of the year. wise, macy's. >> i have stuck with it. sales for the season disappoint but this is one of the highest quali

the fatal shooting, let's get bertha coombs.a, what can you tell us. >> reporter: connecticut state police just concluding an update where they have updated the figures on -- on those who were killed in that tragic shooting at an elementary school in connecticut this morning. they now say 18 children were killed at the scene, 2 children prodownsed dead at an area hospital, 6 adults that worked at the school were killed and with the gunman that makes a total of 7 adults killed. one adult was injured and survived. according to the connecticut state police, the shooter was killed at the crime scene or found deceased at the school. there is a second crime scene they say in newtown, connecticut, where an adult was found deceased at that location. sources have told nbc news it's believed that the gunman went to the school in order to kill his mother who was a teacher at the school, and she is among those killed, but, again, the updated information at this point, 20 young children killed. a total of seven adults, including the shooter,

i'm bertha coombs with a "market flash."enney, outlook cut on the stock and also cutting its price target from $20 to $17. the analyst says even if jcpenney doesn't report same-store sales, he expects a whopping 32% drop in same-story sales for the fourth quarter after posting a 20% drop in the third quarter. >>> let's analyze this with jim iuorio, director at tjm. canaccore. is it time to get out? >> i disagree. for years rim's been dead money. we thought people would switch to the cooler cell phones. the fact is they haven't. they must have a loyal customer base that the market didn't anticipate. that makes sense to me. some people still stayed. they haven't switched by now, what's going to make them switch in we're traders and analyst so we believe in fluidity. we switch all the time. maybe some people don't. they got a new phone coming out january 30th. unless we have reason to believe that's a dud, i think rim could be back in the picture a little bit longer. >> nomura upgrading verizon to buy from neutral. that's a big

back to you. >> bertha, thank you for that. bertha coombs over at the nymex.et a check on the markets this morning. we had some serious selloff going on earlier. dow is down almost triple digits. currently shave that in about half as we continue to be on high alert for any headlines regarding fiscal cliff discussions in washington. meanwhile hp has confirmed that the justice department is looking to allegations that autonomy engaged in those questionable accounting practices before hp acquired it last year. hp also clocking in of course as the worst performer on the dow for 2012. the fourth worst in the entire s&p. and barnes & noble shares surging on news that british education and media publisher pearson will buy a 5% stake in bks's nook media. let's get to the road map for the next hour. we'll start with the cliff. congressional leaders set to meet with the president later today. the clock ticking. just two trading days left. what needs to be done to get a deal signed, delivered, and sealed. a former top economist to the former president george w. bush will

and the more that we can provide the ministry and the training, the support, the bertha we can serve the people of the archdiocese. >> how does a person become a deacon? you both said that you had different experiences in life first. but then what kind of a man is attracted to the deacon. how do they apply? >> i think that the path is different as there are individuals. so we have our stories whether it comes out of the early experiences in life or whether it's a recent calling to be served and through parish ministries and gifts that you would like to put into practice and sharing. so every one of them has a different story. and people are invited to come into the formation program really to discern that sense of calling to the deacon. so that is five years that provides course work and opportunities, but to help individuals reflect and answer the question is this what i'm call to do? we have another class that is two years away from ordination. >> how many are in the group that are two years out? >> 15. >> they go through a process of discernment. what do they study? what kinds of

we'll check in with cnbc bertha coombs and she joins us live.ertha. >> reporter: stocks usually rise around christmas. we call it is santa claus rally. it's kind of a rally that moves higher and continuing today. the s&p is up for a 4% gain this year. investors are optimistic on signs that the president and house speaker john boehner continue talking and maybe close to getting a deal to avoid the so-called fiscal cliff. those automatic tax hikes and spending cuts that take effect 13 days from now. the white house reportedly now asking for higher tax rates for households starting at $400,000 in annual income. >>> apple shares are helping the market. higher on signs of softening in its bitter battle with samsung which dropped its request for an injunction on the sale of apple products in yooish rop. >>> and a sharp sell jooifr when it comes to gunmaker stock like smith & wesson and the tragic sandy hook massacre is prompting them to drop investments in firearms company that makes the rifle believed to be used by the gunman. they say they will sel

bertha coombs at the nymex. bertha?o audio ] >> she looks good but we need to hear her, too. >> can't read her lips? mining. yeah. we will fix that. >>> meantime, still ahead, the ceo of kim co- realty ounce 900 retail shopping centers his take on holiday shopping and what is ahead in the new year? looking at early movers on this thursday on wall street, as we head to break. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ aids is going to lose. aids is going to lose. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane?

back to you guys at nyc. >> thank you, bertha. let's look at the bond market. ricky?> thanks, sue. if you look at ten-year 24-hour chart, you will not see a trade above the 180 yield today. we saw one on tuesday, saw one on wednesday. not today. looking a the 30-year bond 24-hour chart, one thing you won't see is a three-handle. you have one today and one on wednesday. so the market seems to be calming down a bit on the treasury side in the sell off. and far from huge within that for sure. i know there's time left. let's look at a few atfs. investment grade, it is still fighting at very lofty levels. way up on the air. hyg high yield looks like it want to make a new high for the year. new al time high as a matter of fact. the one that isn't fairing very well, did pretty well for a while, and now it is faltering. that's the mub. the fiscal cliff looks like it is getting keeper in my opinion. back to you michelle. >> that could be. how should investors maximize income these days? advice from ed perks. manager of $70 million four star hybrid fund. mixing in corporate for

back to you, sue. >> thank, bertha, we appreciate it.we come back, talking with black box rick reader. we will talk to him about the bond bubble when we come back. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> in today's yahoo! poll, we asked, fed chairman bernanke is rating. how would you grade the fed? 64% say f, the fed needs to stop all easing and let the economy reset. wow. new york attorney general announced a push for more disclosure today by proposing new regulations that would force nonprofit groups to disclose more of their political activities. here to explain further is the new york attorney general himself, eric snyderman. welcome back to "pow

back to you. >>> all right, bertha, thank you very much.ring in former fbi profiler mary ellen o'toole. mary ellen, welcome to the program on a very, very difficult day for newtown, connecticut, for the united states, for every parent out there. what do we know for the little that we know about the suspect? what can you deduce? >> well, from what i've heard so far, and it seems like it's changing every couple of minutes, is that the mother of this shooter was working or was an employee at the school. it's still a little confusing to me. i understand that she is also deceased. and what i'm hearing is that she was found at the school. so if that fact pattern is correct, that her son is the shooter, then what makes sense is that this really did start off as a familial problem, a dispute likely between the mother and the son, and it certainly escalated to unbelievable proportions. what they've been looking at right now is if that, in fact, is the case they would be looking for evidence of that search warrant and in the background that they are

maria. >> thanks so much, bertha. we'll keep watching that. >>> up next, the stock market and america. steve liesman up next with surprising new results from the exclusive cnbc survey. >>> and then as the lawsuits fly over hewlett-packard's autonomy mess, i'll talk with the ceo of deloitte and their role in looking over the books. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right th

implications for the young labor market hit in the united kingdom and right now bertha is on the precipice of venturing a triple dip recession and so if the millions who work whose closely twenty thirty is looking sets to be very. happy new. london. has more for you on our website r t v dot com you cluing the power of have you know so this will be tested on a u.s. sergeant who claims that he has amnesia as prosecutors hope that he'll remember the day when he allegedly killed five fellow servicemen and iraq. also online for you making hey we've got a tale of how one paralympic athlete left a trained racehorse in his wake winning in a contest between man and beast. a building has collapsed on a construction site in russia's south west killing at least five workers nine others are still trapped in the rubble while twelve are in the hospital it's not yet known of why the three story building came down but an investigation is currently underway emergency teams from moscow are to head to the roast of the region in order to try to help the rescue operation. some other international news making he

back to you. >> isn't that interesting, bertha? 6.9%. who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our

bertha coombs joins us. >> we did see a bit of a klaus rally here at the nymex. very low volumes which means moves can often be exaggerated and certainly did see that today. had a technical rally that moved to the upside even as stocks faded. oil actually closed at highs of the session, a two-month high to be exact. right near $91 a barrel. we will not be getting the inventory numbers until friday because of the christmas holiday, but we are expecting to get industry inventory numbers tomorrow, and we're seeing a bit of a move up along in heating oil and natural gas as that snow is now closing in on i guess about half of the country now, bill and mandy. >> yeah, it looks like it hasn't reached outside here yet. >> we've seen a little bit here. seeing some flakes. >> thank you, bertha. >> on christmas eve, no less, a few flakes. >> had a few. >> yeah. >> look at this chart from our friends. this shows since 1928 the s&p 500 averaged its greatest december percentage gains in the last few days. >> but there's a big but, the fiscal cliff is still unresolved, and ther

bertha coombs at the nasdaq market site with more on this. bertha?'s a real comeback kid, the comeback with the government that customs and immigration department is saying that they are going to try out the blackberry 10 after saying they would be the. all things reporting this afternoon, and part of the reason may be that the blackberry is actually going to pay the cost. nonetheless, this stock, the best performer in the nasdaq today, the best performer this month and even though it may not have as much market share momentum as the big rivals google and ale, take a look at the performance, at least since the start of december. back to you. >> has rimm moved too far too fast or is this the best to come for this shot? let's start talking numbers. chief market technician on oppenheimer and on the fundamentals herb greenberg, our senior stocks commentator. is there more to this than hopes for the blackberry 10? the stock is on fire lately. >> maria, it's buying on the rumor. ultimately selling on the news. so classic wall street with a heavily shorted

bertha coombs tracking the action at the market. >> very quiet. very low volumes.old edging lower as the dollar has edged higher. they say incentives to buy are postponed with so much uncertainty over the fiscal cliff and what's going to happen over the next couple of days. gold is on track for its fifth straight weekly decline, but for the year it's the 12th year of gains. so this is the first year since 2004 that we've seen gold under perform stocks. one of the big winners came under a lot of selling pressure as a lot of people try to get ahead of the fiscal cliff. silver on track its fifth weekly straight decline. copper back-to-back gains this week. a little bit of hope that we'll see more demand for copper this year as china's new government may do some more urbanization. if you take a look at the metals, those with industrial properties, particularly the precious metals, platinum a big winner, palladium a big winner, those used in catalytic converters. >>> thank you, bertha. >>> the iranian navy holding massive drills in the strait of hormuz. this comes from

back to you. >> thank you very much, bertha coombs.ungry shoppers are hitting the mall today to go after door buster deals and return the unwanted sweaters and socks they received yesterday. they're also hoping to get more out of their gift cards. jane is in l.a. with more. jane? >> melissa, employees are starting to arrive here and get prepared for gift cards and returns today. nobody expected this year's holiday season sales growth to be as robust as last year's. you were just talking about it. mastercard spending poll said it's been a lame christmas with a projected .7% growth. others are disputing that. but marshall cohen said, you can't really blame the fiscal cliff. honest. list listen. >> they got caught up in it at the very end when it hurt the most. you would sit there and say, it's not going to really affect -- are you not going to buy something on a list for somebody? of course not. you are going to buy. what it did do is tell the consumer, think twice before you buy for yourself. when you really analyze holiday growth, it c

bertha coombs, any reaction to the lack of a deal? >> a little bit. the golden ter day versus the geeld of the s&p. as we saw stocks move lower, gold edged higher. gold has been under such pressure this last quarter and this month in particular. gold on track for its 12th yearly gain, but it's the first time since 2004 that it's actually underperformed stocks. the last few years it's been big double digit gains. george gero over at rbc says you've seen a lot of fund liquidation no doubt because of tax liquidation and the fiscal cliff. you've seen open interest in gold decline this month. he's looking for 1650. we got close to that in the overnight session. as far as the rest of the metals, kind of a mixed bag today except for palladium. we've seen some fund buying and there's been concerns because of mine closures that we may see some small supply issues and demand may continue if we continue to see strong automobile sales. palladium and platinum used in catalytic converters. >> got it, bertha. trading action on the floor. mary thompson joins us. not

bank of america closing about $10 for the first time in 17 months. >> all right, bertha.so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become another $15 billion plus market. >> we're going to hear more from the radio company ceo. >>> later, our panel of wall street pros will tell you what you need to know about tomorrow morning's market in a full minute and a half. you'll want to know what's going to move money around tomorrow. can't afford to miss it. stick around on "closing bell." 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. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it y

back to you. >>> bertha, thank you very much. we have the nyse. let's go to time square and the nasdaq with seema mody. >> very similar story. the composite pairing losses over the last two hours. there is a rising speculation or hope if you want to call it that a mini deal will be put into place to avert the fiscal cliff. you can see the nasdaq down about 9 points or so. to get stock specific, facebook in the news. it was the worst performing stock on the nasdaq 100 this morning but rebounding over the last hour. a facebook spokesperson speaking out in response to a report that said instagram was seeing a decline in users. facebook writing that this data is inaccurate. we continue to see strong and steady growth in both registered and active users of instagram. interestingly enough, if you take a look at some of the best performing stocks on the nasdaq 100, facebook made that list but still down from its ipo that it made back in may. that's putting it into perspective. stockstill down 30% from its ipo. >> pick it up from there. seema, thank you v

see you guys later. >> our birthday girl bertha coombs. thank you. >> thank you. >> happy birthday. >> thanks. >> see you later. >>> so, with half an hour left in the trading session, stocks are lower as news on the fiscal cliff continues to develop, so as we creep closer to that cliff, how do you position your portfolio to protect yourself and still find growth? do you do it with stocks or gold? that's what we're doing. on the technical side is j.c. o'hara and on the fundamental side steve cortes, a cnbc contributor. welcome to both of you. stocks versus the s&p, for example, what do you charts tell you and what do you like? >> well, bill, i like stocks for the short term. when i say short term, into the year end, first or second week of january, but they are getting concerning to me, so i really like gold over the intermediate term and my way to play gold is by playing the gld. recently the gld is bouncing lower off of a strong resistance at 174 on the charts. i think there will be short-term weakness in cold, but i'm using this as an op

tried to get through to the highway that she had some very bad things will and head injuries and bertha legs were broken iranians were hurting from the jet fuel that had come out because she was in a really bad shape but still conscious. did she say nothing at all. she kept saying that your eyes and legs were hurting and i was asking to be put on the ground she was in a shock and disoriented there were only four or five people who volunteered to help secure that with me others were too scared to go near the planes as the engine was in fire and they couldn't put it out for twenty minutes so we were the only ones to give some help. and as we mentioned the crash has now claimed of the lives of five people who were on board the other three are still in critical condition now investigators are trying to fathom why the four careened off the runway it's a relatively new type of aircraft which had never before been involved in a deadly crash artie's may finish albinos how the tragedy happened step by step. the twenty ninth of december the last working day of two thousand and twelve in russia fo

could have long term implications for the young labor market here in the united kingdom and right now bertha is on the precipice of entering. and so even millions of workers all across the twenty thirty is looking to be very far from a happy new. service. fighting the shoving and strong language that's the ukrainian parliament to elect a new speaker it's becoming a familiar sight this time the fists began flying off he's accused former colleagues of betrayal for wanting to run independently outside position activists . around the parliament. country france is off its government as election was criticized by international observers for imprisoning ukraine's opposition leader as well as pro-government media coverage and the ruling party's unfair access to state resources. it's not cross to some other international news. in the west bank dozens of young palestinians have clashed with israeli soldiers use apparently threw stones and bottles before the troops responded with tear gas tensions are high after palestinian teenager was shot by israeli border police on wednesday. denied by the palestin

thank you so much, bertha. bertha coombs covering the complex for us.gazine unveiling person of the year, and the winner is -- the newly reelected barack obama. we'll check in on some of the contenders for the title, how they reach their decision over at the book. the international editor for "time" magazine joins us from new york. good morning to you. >> good morning. >> you're the international editor because they just named morsi as a contender. why the president? >> well, we elected the president because we thought ultimately this election was even more consequential than 2008. the 2008 election was really about hope and change and the historical place of barack obama. this is actually a verification, and an ensconcement. he won this election very conclusively. demographics not only in his favor, but he successfully exploited them. he got people to vote who usually do not vote, and he's now down it two elections in a row. >> it gets so much attention, even in the face of what we know magazines have been through. and of course, a lot of criticism. th

police say 77-year old bertha mae, the best i was found on monday -- was last seen muddy branch road gaithersburg. she may have memory issues. the view of scienter please call montgomery county police. same-sex couples are counting down the hours when they could legally married. the same-sex marriage law takes effect midnight. couples were allowed to august applying back december 6. voters approved the referendum on an issue back in november. the end of the year marks the end of an era for a well-known magazine. "newsweek" final print issue hits newsstands today. it covers the demint but cover picture is the news offices in new york. it says it can no longer afford to stay in print and will transition to online-only format next year. wedding bells expected to win at midnight for playboy boss hugh hefner and model crystal harris. the wedding between the 86-year- old and a 26-year-old will take place at the playboy mansion in beverly hills. the couple plan to marry back in june 2011 but harris called off. she then says this time around is amazing and their relationship is better than i

. >>> good evening bertha. >> good evening. hopefully it will be averted.he director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of

carl, back to you. >> bertha, thanks so much for tap dancing a bit and bringing us those numbers, bertha at the nymex. david, over to you. >> thanks very much. the viewers know the intercontinental exchange announcing the noon buy the new york stock exchange, 8.2 billion in cash and stock this morning, the deal announced. what is going on with all the deal making? otherwise august lackluster year for m & a. our next guest says dealmaking poised for a comeback in the new year. he is rob kind letter, global head of mergers and acquisitions at morgan stanley. nice to have you back. >> good to be here, david. >> suddenly seeing a spate of dealmaking. i don't want to make too much of t seeing fairly significant transactions the last part of the year. why? >> these have been in the works for a couple of months. people try to time deals to get done kind of at the end of the year. >> announcements. not going to close any of these. not fiscal cliff related? >> not at all. these aren't driven by tax law changes. these things have been in the works, strategic deals. this deal announced this morning

. >> bertha, thank you very much for that.as we count down to this midnight deadline. defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. 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. >>> they say the biggest priority is making sure we deal with the debt in a serious way. the way they're behaving is their only priority is making sure that tax breaks for the wealthiest americans are protected. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest, or frankly, the courage to

. >>> bertha back at headquarters, what are you watching? >> oracle is trading above its 2012 closing high, above $33. the company coming in with earnings for its second quarter that were better than expected on a gap basis, 64 cents, three cents better, revenues top the at $9 billion roughly. i saw strength in software and cloud services, up 18%. 47% operating margin better. and hardware 74.3 million and an estimate, and off the conference call jon fortt is monitoring, expect third quarter hardware revenue growth to be flat to negative, 10%. they also bout back about $3 billion in stock in the second quarter. >> martha, i understand has issued guidance. what is it? >> the eps guidance is 66, to my eye, right what consensus was looking for. license and cloud revenue looking to be between 3 and 13 cents. sorry, up 3-13% in u.s. dollars. the street was looking for around 6.8%. that's right in the range. overall, people might be satisfied with this guyidance. hardware product, that guidance down negative 10% to flat, as they continue to peel of

we are talking about stocks bertha has been talking about.s is there are some delays to automatic spending cuts that would have a big impact on the defense industry. so they are higher in today's session. of course banks also have been responding quite closely to any news out of washington pch right now approaching the highs of the new day. again on expectations of, i guess you could call this, a mini deal, simon. to get us through the next couple of months until we get to the automatic spending cuts. >> mary, thank you. >>> gold heading for its 12th straight year of gains. jackie over to you. >> good afternoon, simon. gold having a $20 a day higher. not a coincidence that we heard about president obama's press conference at the same time. gold, as you said, on track for its 12th straight gain this year. a year to date gain of 6%. but interesting to point out that it is underperformed s&p 45u7b this year for the first time since 2004. moving on to silver, also up in the session, around $30. up more than 3% for the year. also want to look at c

. >> to nasdaq, bertha coombs following big movers there.ve the advance there as well. >> we do. nasdaq 100 outperforming thanks to apple's recovery. off of the highs of the day. nonetheless it is contributing about a third of the outside impact to the nasdaq 100. facebook will be added tomorrow. watch that going into the close. it will be trading in the nasdaq, emphasis trades over at nyc. yahoo! has a mobile app for mail. today at a four-year high. that stock continues momentum. couple of deal-based stocks, trip adviser with folks at liberty interactive taking a voting and controlling stake. clear wire, david favor saying they are acquiring the rest. back to you at nyc. >> grover norquist not backing down on his opposition to new revenues as the fiscal cliff clock ticks down. this is what he said earlier on "squawk box." listen up. >> raising tacks is always bad for the economy. that doesn't change. raising taxes is what politicians do instead of reforming government. the reason we haven't reformed entitlements, the reason we haven't reine

hope you have a wonderful one. >> you too, bertha. thanks. >> thank you so much. right back at you. have a great holiday. call it a tale of two retailers. best buy shares down 50% this year while amazon shares are up 50%. so no matter where you do your shopping this holiday, which stock would you rather buy? let's start talking numbers. our guests, good to see you guys. carter, let's talk about these moves. would you rather buy into the amazon rally? >> sure. or buy into the best buy selloff? >> you know, not to be scrooge or anything, but we don't like either of them. basically, simply put, we don't like best buy because it is so bad and amazon because it is so good. and just as you started the segment here, one up 50% one down 50% and actually a long-term comparative chart which we have here really shows the extreme divergence between the two. obviously one is a great winner and one is a great loser. let's start with best buy. i mean, anything that moves from the top left to the bottom right of your screen in a chronic way is sort of a dying business in trouble. and just wouldn't

let's find out more on that with bertha coombs at the nymex. >> hi. nymex crude settling slightly lower. we'll get the weekly inventory numbers tomorrow delayed because of the christmas holiday. the expectation survey is looking for a drawdown of 2 million barrels of crude. when it comes to the products which are stronger today, the strongest part of the energy complex, looking for distillates to be down 350,000 barrels and a build of 350,000 barrels. gasoline prices were up 4% and nat gas, that will be the first one out at 10:30 tomorrow morning. we're expecting about a 76 billion cubic foot drawdown. seasonally lower and nat gas, look at that chart. under pressure of late. it's going to have its first positive year in five years and a pretty good one, matching a performance we've seen in stocks, the best in the energy patch. back to you. >> thank you so much. we just got word that the senate republican leader mitch mcconnell will be going before cameras shortly so that could be market-moving as well. we'll wait to see what that is. >> when he speaks

. >>> let's send it over to bertha coombs for a quick "market flash." >> u.s.irway shares flying just a bit higher hoar on reports from the "wall street journal" that the company extended an offer to amr for a merger citing unnamed sourcing saying it would give the parent company of american airlines a 70% stake, would value the total company if they merged at over $8 billion. this takes on more meaning today, guys, because amr's american airlines pilots just ratified their contract. back to you. >> interesting stuff. thank you for that. >>> meantime, next -- the dangers of mixing stocks and social media. >>> and put this in your pipe and smoke it. could pot be the answer to all of our problems? we'll debate it. nt to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. or that pr

i'm bertha coombs. taking a look here, dow chemical, its ceo andrew liver speaking at the company's investor forum today saying that the company is taking "swift and decisive actions to protect its growth plan and to drive near-term value." specifically, they are cutting a number of things. they've accelerated interventions to reduce costs. they expect to deliver $1 billion in cost interventions in 2013. >>> 108,000. that is how many civilian defense jobs are at risk if we go over the fiscal cliff. that's according to the center for strategic and budgetary assessments. >> the defense industry is sounding the alarm. dozens of industry leaders are in washington, d.c. taking their case to congress and the president and going over that cliff could be a threat to our national security. let's bring in david hess, president of pratt and whitney. david, how severe is the problem? critics will say that the defense industry has grown pretty much every year for the last 20 years and that we probably spend way too

let's get to bertha coombs. >> gold closing fractionally higher, on track for its twelfth yearly gain, smallest since 2008 because it's been a very tough quarter for gold. despite the fact we've had all these worries, whether it be the fiscal cliff, the election, the situation in europe. nonetheless, gold has just not been the safe haven. this morning, it was industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime in china is going to be spending more helping to prop up the property department there, housing, than might mean more demand for industrial metals. copper today, the standout in part because of that. also, a different note, the s.e.c. ahead of the holiday delayed a decision on the proposed etf, according to the "wall street journal," the etf would hold twice as much copper in terms of holdings compared to the jpmorgan holding approved on december 14th. >> i think 182,000 physical tons they could take off the market. we'll revisit it later. for a moment, thank you. bob pisani is joining me on the floor of the nyse. the big discussion i

bertha coombs has been keeping her eye on that. >> reporter: we had a nice technical rally if you are long oil futures here. take a look. the final trade coming in at around 91. we will see where we settle but it's looking like the highest settle since october 18th sparked by that encouragement that the president was returning early and congressional leaders would be returning early, even as equities faded, we did see a technical rally moving to the upside. we got some support today because we do have options expiring so that provides a little volatility and also with low volumes, you do get more of a push either way. when you have fewer participants. what's interesting is that today, we had the management group outperforming the rest of the complex but year to date, it is negative even as brent crude has actually seen a 3% rally. the last time we saw the two of them diverge was 25 years ago. this past month we have seen wpi come up as people anticipate the pipeline expanding in the first quarter of next year. back to you. >>> meantime, a fight is brewing over energy exports with the

. >>> bertha coombs has a "market flash." >> disney's cfo speaking at a ubs media conference saying that es espn ad revenues slightly ahead of last year, very much a powerhouse when it comes to revenues for disney which this year is the third biggest gainer on the dow jones industrial average. >>> a question for you -- what do the pope, mark zuckerberg and angela merkel all have in common? they are among the voices that matter the most. we'll tell you why coming up in a few moments. >>> a check of the dow jones industrial average, we are off of our best levels of the day but considering the weight that apple is putting on the nasdaq, a lot of people thought that the dow would be negative. we're up 115 points on the trading session and we are above the 13,000 mark. "power lunch" returns in two. 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,

space from march to marketplaces to shops, although the law does not mention the word women, muslim, bertha or bail it was introduced by president nicolas sarkozy and a ban on muslim veiling which according to him imprisons women and threatens french values of dignity and equality. the new law makes illegal the barca but france is the first country to enact a full ban on the burke that in public space similar restrictions of being considered all over europe and many countries in regions that adopted some type. on april 28, 2011, the chamber of representatives of belgium voted for a similar ban although the law expected to be challenged in a constitutional court. in spain in 2010 the catalonia and assembly narrowly rejected a proposed ban on a burke got in all public places reversing an earlier vote. similar laws are in progress in italy as well. in switzerland after a campaign designed to appeal to fears of a muslim takeover, a popular referendum voted by 57% to ban the construction of minarets associated with mosques, despite the fact that very few mosques in switzerland actually have mina