say that we have not very high bar sustainable growth this year more than four percent the next c.e.o. bill it will be close to four probably little bit lower but around that so in a way it's about speaking about rating agencies we just got the news that that fitch has downgraded six biggest banks in the united states and europe bank of america goldman sachs b m p some of the well according to analysts these banks the dow then reading of these banks is going to influence the world financial situation will it influence that the banking situation in russia. depends the they are all of the right and agencies are quite content. controversial contradiction would say let's take this example then they done great the seventh rate of kinetic states it was absolutely zero influence to the markets zero influence so i believe that the little excess and investment bankers they prufrock to make their own analysis or to attract some independent then a little raised who pays the rating agencies. so you. but of course of course the situation of banks first in the eurozone but also in the united states that

. >> reporter: c.e.o. bill mccomb runs the liz claiborne company, which owns premium brand kate spade. >> this is a sparkle gia bag which is selling out at all of our stores right now. >> reporter: at $95, a steal, since kate spade bags can cost $500. >> this is one of our classic items. it's a quilted paneled leather with a beautiful chain with leather inside. >> reporter: in a limping economy, $298 shoes? >> but it's not just a regular pump. look at the twist on the back. >> reporter: once a 50-brand conglomerate, in the fall liz claiborne inc. announced that the teetering mid-market company would unload almost all of its divisions, including those that catered to its once core middle- income shoppers, like the liz claiborne brand itself, sold to j.c. penney. >> what you're finding in the market place today is that those who are chasing the value customer and those that are in effect pursuing the high end customer are doing the best. those in the middle are really getting squeezed at both ends. >> reporter: a

. >> reporter: c.e.o. bill mccomb runs the liz claiborne company, which owns premium brand kate spade. >> this is a sparkle gia bag which is selling out at all of our stores right now. >> reporter: at $95, a steal, since kate spade bags can cost $500. >> this is one of our classic items. it's a quilted paneled leather with a beautiful chain with leather inside. >> reporter: in a limping economy, $298 shoes? >> but it's not just a regular pump. look at the twist on the back. >> reporter: once a 50-brand conglomerate, in the fall liz claiborne inc. annoued that the teetering mid-market company would unload almost all of its divisions, including those that catered to its once core middle- income shoppers, like the liz claiborne brand itself, sold to j.c. penney. >> what you're finding in the market place today is that those who are chasing the value customer and those that are in effect pursuing the high end customer are doing the best. those in the middle are really getting squeezed at both ends. >> reporter: and

c.e.o. howard schultz. the house is voting at this hour on a bill that would extend payroll tax cuts through the beginning of this year. if it passes, the bill could set e stage for a tense capital hill debate as both parties struggle to get their plans passed. as darren gersh reports, whether it passes or not, this bill may set the stage for a heated holiday showdown. >> reporter: the holiday theme was irresistible to many members of congress today. >> he will go on santa's naughty list. >> ...the grinch that stole christmas. >> don't be a grinch. >> reporter: the fight came over republican efforts to put their stamp on legislation to extend the payroll tax cut. the tax extension also includes the so-called "doc fix" preventing medicare fee cuts to physicians. it also extends unemployment benefits, but reduces support from a maximum of 99 weeks to 59 weeks. the g.o.p. also added provisions the white house has threatened to veto, including a plan to speed up permitting for the keystone oil pipeline from canada. >> if this energy doesn't transit the united states and go to refineries here, it will go to china

c.e.o. don carty dot com. welcome back across time people a bill to remind you we're discussing what's next for north korea. ok. ok jim if i go back to you in boston i think really all of us if we look on the international dimension of all of this here we're all looking at what china is thinking in china said it was quoting what shock shocked by the passage of the the korean leader i find that hard to believe but that's what they said and because we've been waiting for this shock for three years at least i mean china is it has the most interesting gambit in all of this because it doesn't want to see the north korean regime collapse because they would be the collateral damage of that would hurt the chinese by far the most. with refugees and just who knows what kind of radical you know elite military elite with militant with their nuclear weapons what they would want in return for some kind of you know exit strategy but see the at the same time the chinese are saying why don't you just do what we've done for the last twenty twenty five years and liberalize your economy and i know that that was hinted to actua

bill clinton of collecting fifty grand a month from m.f. global clinton's advisory firm was hired by m.f. global's former c.e.o. junk or zine to improve his image and enhance his connections with clinton's political family to get a glimpse of them hears them in action a couple years ago. i'm here for three reasons the first of. all i know is that if clinton still has any role in public image he's got a lot of work to do now is not funny that was six months pay right there. so expose what he you know he went and campaigned with course that's what the fifty thousand dollars a month is for but i also absurd that clinton is giving advice something i write is the first president i got. ph to do oral sex with you know because he had to come back from that get out that for a while his image was really bad but then you know people love bill clinton he also got a piece over the address so i don't know i know the people forgot about disaster know that this was a disaster because he has experience with disasters so you know i guess he could help john course i know now is when drunk or as i really help. now it is so remain

c.e.o. jon corzine told lawmakers he didn't know what happened to millions of dollars in customer money that's still missing. lots of money ghooing the market, as we said this european bill rallied. >> as he said down 200 points yesterday, up 200 point today, we will wait over the weekend but certainly optimism today. we'll roll with today's market focus. are thanks to some optimism from europe, we some some relief buying of u.s. stocks. stocks were poised for some gains from the opening bell. this is today's activity with the dow jones industrial average-- the dow finishing higher by 1.5%. today's gain helped pull the index positive for the week, the second straight week of gains. the dow was up four sessions, but even with the sell-off yesterday, it's 1.4% higher this week. the nasdaq saw a more muted gain, but a gain nevertheless-- up 0.8% compared to last week. and the s&p 500 is almost 1% higher tonight compared to a week ago, thanks to today's rally. the financial sector again led the market. with so much focus on europe, financials, energy and industrial sectors each gained at least 2% today. the leading dow stock was caterpillar, a company closely tied to the glo