carol roth, thank you so much. if you are fired up about this or any other issues, write us at gerri@foxbussiness.com. >> coming up on "the willis report", violence and destruction of private property by union members after the vote in michigan. but by? lou dobbs weighs in. apparently the federal government doesn't agree with spending problem because millions more of your tax dollars are about to be spent on new projects. ill break it down. and what is the difference between a 10-dollar bottle of wine and one that cost over 10,000? we talked one of the country's biggest wine retailers and found biggest wine retailers and found a surpri twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which

carol roth, thank you so much. if you are fired up about this or any other issues, write us at gerri@foxbussiness.com. >> coming up on "the willis report", violence and destruction of private property by unionmembers after the vote in michigan. but by? lou dobbs weighs in. apparently the federal government doesn't agree with spending problem because millions more of your tax dollars are about to be spent on new projects. we will break it down. and what is the difference between a 10-dollar bottle of wine and one that cost over 10,000? we talked one of the country's biggest wine retailers and found a surpri tracy: spending taxpayers money is only a federal problem. check this out. this atlanta mayor, approving the city council to receive -- wait for it -- 50% pay increase starting in 2014. do they not have tv in atlanta? you heard it right. 50%. the council council members voted to raise their own pay earlier this month. these employers employees are also demanding that pays well. they are wanting to raise the incom

carol roth, thank you so much.u are fired up about this or any other issues, write us at gerri@foxbussiness.com. >> coming up on "the willis report", violence and destruction of private property byunion members after the vote in michigan. but by? lou dobbs weighs in. apparently the federal government doesn't agree with spending problem because millions more of your tax dollars are about to be spent on new projects. we will break it down. and what is the difference between a 10-dollar bottle of wine and one that cost over 10,000? we talked one of the country's biggest wine retailers and found biggest withe boys use and found capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboardoesn't lie. what's in your wallet? hut! i have me on my fantasy t

carol roth. her book, by the way, is "the entrepreneur equation." and get it. >>> you've seen my next guest on the hit show "shark tank." that's the show that's like "american idol" but it's for entrepreneurs. but she says government policies are killing entrepreneurship and she is very worried. so am i. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed

carol roth, former investment banger and frequent "varney & company" guest gets attacked on national on over her position on the second amendment. carol gets a chance to defend herself after the break. we'll be with us. ♪ >> playing peace on earth, as we read government cannot make man richer, but it can make man poorer. [ male announcer ] at scottrade, you won't just find us online, you'll ao 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. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a ry nice cake! ohh! [ giggles ] [ male announc

and charles payne and carol roth are here. ♪ . stuart:.and my use of the word hipocracy for rich with guilty conscience. buy back stock and helped save that person save substantially on the higher taxes next year. warren is all for everybody else paying taxes and bails out this particular investor and so that he paid lower taxes, charles, have you got a number on this? >> all right, on the back of an envelope i came up with 105.6 million dollars, that was the savings. stuart: savings for the investor whose stock was bout back by warren buffett. 105 million dollars which did not go to the treasury. charles: right. stuart: and had the transaction taken place next year. charles: absolutely, absolutely. stuart: do you call that hipocracy. charles: of course i call it hipocracy, the worst kind of hipocracy and amazing that they can use warren buffett's name in this campaign against small successful people. stuart: carolyn, am i too harsh? >> you're not. berkshire hathaway has a billion dollars in backs taxes it's fighting and i don't understand

carol roth, abby huntsman, and charles blow.ntil they grow up in congress and washington, i'm not interested. just sort yourselves out. and we'll come back to you when you've done a deal before christmas, so we can enjoy ourselves. let's turn to north korea. that is quite worrying and quite serious. quickly, charles, is it posturing by north korea's rulers towards its people, to show a bit of power, flex a bit of muscle. is it something genuinely to be worried about? >> i think it's always something to be worried about. maybe, the leader, little kim, they call him. that we would turn a corner and he would be less aggressive. but the last round, was china's response. they have been tougher. >> that's crucial. >> and it's still to be seen if they will move to add sanctions or tighten sanctions or whatever. but i think moving them into the crowd of the rest of the world view about where the nuclear proliferation and -- >> it's important. abby, you lived in china. china is pivotal, there in syria, with iran. everybody is looking to

in today's "closing bell" exchange, carol roth with us, rich peterson from is & p, jonathan corpina from meridian equity partners and our own rick santelli. good to see you all. jonathan, we'll kick this off with you. what's the right strategy going into these negotiations and going into year end? >> running out of time at this point, and as the days trickle down look to this week and next week. after that everybody in holiday mode and trading sessions will be very, very light. at this point we still talk about the santa claus rally, can't forget with that, but as we get closer and closer to the deadline i think that inside people feel that we are going to get some sort of resolution put in place. when everybody's back is against the wall smarter minds will prevail and come to sort sort of a resolution, but right now the comments that we got a couple of minutes ago out of washington does not really help the situation. >> so what's the strategy, jonathan? what's the strategy given the comments that we just heard. >> not knowing what taxes will be like next year, i agree with what you said

joining us now is former investment banker carol roth. a, it seems like a total standoff and b, seems like we're headed over that cliff, it looks like it. here is the question for you, carol, if we go over the that cliff what happens to the markets? >> well, stuart, i think if we go over the cliff, the markets are going to react negatively, they reacted negatively the last time we revisited the debt ceiling for tarp, so, i don't think that the markets are going to be particularly happy, but i don't know that it's necessarily for the right reasonss i to think that we're going to get a deal here, but i think it's going to end up happening late january, maybe middle of january, but at the end. day, stuart, it doesn't solve any of our problems. stuart: i agree, i agree. >> and i'm so frustrated that we're 13 months in, we've had 13 months to figure it out and we're at the 11th hour. stuart: everybody is. the mood of the country, furious nothing is happening here and politicians are dithering at the last minute. why is it? it doesn't look like

carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago as well. carol, you've been skeptical about this market, but you, if i read you correctly, any rally that's going on right now, you might want to fade. you're not too convinced at the long-term outlook right now, am i right? >> i think what we're going to get. we're going to get a deal, but the deal isn't going to solve our problems, and so in the short term everyone is going to be very, very excited about this. we have a deal. uncertainty is off the table. we're printing money. i think that's going to be very good in the short term. my problem in the longer term is the long-term drag from all of these companies not investing today. they are doing share buybacks, they are doing special divide s dividends. >> right. >> they are not investing in their companies, so in the short term it will be fantastic. i just don't know what's going to happ

stuart: carol roth in the last hour talking about why we are spending not as much as expected this christmas from the people at shopper track on this program a later written:45. time for market check. look at the big board, dead flat, down 0.65. merck, high-profile collector all drug fails, it is not going to seek u.s. approval of that drug. is no better at preventing heart attacks or deaths or strokes, the stock please. nicole: that doesn't sound good. dow component merck is down 2.5%, down over $1. the name of the drug is a medicine that will increase the good cholesterol so the good part comment as you noted, findings are not substantial and they're not able to move forward with the drug. you were talking about the other british guy on cnn, my mother wrote in and said tell varney whenever he starts his party, immigrants who are happy in america, my mother wants to volunteer. she was born in cyprus, came over on a boat to ellis island, she and her siblings were very poor. did very well in this country. stuart: the party of people who are happy to be in america, love to be here. we want to