. >> 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.

where coombs spoke about how the case has played out and described his relationship to manning. nearly three years after bradley manning was arrested for leaking hundreds of thousands of top secret documents his attorney makes his first public appearance brad's treatment i want to do will forever be etched i believe in our nation's history as it disgraceful time not only was it stupid counterproductive. it was criminal that was the focus of a week of pretrial hearings leading up to cruise's debut to the press for the more than nine hundred days manning was locked up the defense says he was subject to solitary confinement for twenty three hours a day and a small six by eight foot cell where he faced forced nudity in sleep deprivation i'm confident by the time this case comes to a conclusion the record of trial will be the longest record trial in our military's history and his first court appearance manning described being detained he says he felt like a caged animal using white tape he showed the court how small a cell was in quantico virginia he also put on a suicide smock he wa

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

bertha coombs is tracking what each state is doing.pretty patchy by the looks of it, bertha. >> it's patchy. although the numbers haven't really changed despite that one-month extension. the online exchanges are playing a key role out of the obama care in 2014. under the accountable care act, every state has to have one up and running by october 2013. last night, according to the kaiser family foundation, 18 states and the district of columbia say that they are going to be building up their own. those are the states in blue. 24 at this point have opted to have the government build and run their exchanges. arkansas is one of six states pursuing a hybrid partnership, what's called a partnership exchange where the feds build the exchange and the state will actually help run it. florida and utah are the two states that are technically undecided. at this point, it looks like they're also going to default. they just haven't notified the obama administration officially. the federal model, the reason they're going to do it for many of the stat

. >> reporter: eric coombs is a budding wildlife photographer and he's on a mission. >> if we can get those nalwals shooting up their big long ivory tusks, that's the pinnacle moment of seeing a narwal. >> reporter: but before you see them, you can often hear them, which is why these headphones attached to a nifty underwater microphone come in handy. this sound right here might as well be trumpeters announcing their presence. >> in the open water. >> reporter: and then it happens. the rare moment we've come all this way for. >> in the ice over there. >> reporter: when we come back, a close encounter with these mythical creatures and a close brush with a thousand feet of open sea. as an unexpected crack in the ice threatens to leave us stranded. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stom

let's get to bertha coombs with the details. >> tough end of the week ear.t's apple's horrible, awful week. today's decline saw shares hit a real technical weak point, the so-called death cross. that's where the 50-day moving average, the top line in yellow, crossed below the orange line. that's the 200-day moving average. according to the spoke investment group, the last time that happened in september 2008, shares didn't bottom until january of 2009. it kept crossing that technical weak point. apple is on track for its worst one-week decline since may of 2010 when it fell over 9.5%. right now, just off 9%. concerns this week, iphone demand, overall margins, concerns about more competition on tablets, and more concerns about tax selling ahead of the fiscal cliff. still, shares are up 32% year to date. the stock now on track to be down for the ninth week in the last 11. on average, though, when apple has hit that death cross, shares have gained about 1.1% the following week. apple, bill, the reason that the nasdaq is the big underperformer this week. if appl

. >> let's go to bertha coombs. what are you watching? >>> apple made a new year's resolution to be nice tore samsung dropping another patent claim with samsung saying they won't sell that particular phone here in the states. if you look at apple and had bought it january 3rd last year and you took out the seven months between march and september, you would be pretty happy today. you would say, i'm up 29%. of course, if you were really patient enough to buy it january 3rd and sell it september 5th, you would have been up 70%. somebody made that profit. 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 poin

let's go to bert that coombs at the breaking news desk. >> thank you, scott. we have an update now on that shooting at the sandy hook elementary school in newtown, connecticut. nbc news is reporting as many as 27 people may be dead from that shooting which broke out this morning shortly after 9:30. that's when police were called. as many as 17 to 18 of the victims are children. 7 to 8 adults including the gunman who authorities described to nbc news as a 20-year-old connecticut man who was dressed in black and was carrying two handguns. connecticut state police are set to begin a briefing at this hour. danbury officials and hospital officials tell nbc news that at least three people have been transported to the hospital. again, to as many as 27 people killed. we will bring you more details as they become available. 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

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

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

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

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

manning he is accused of the biggest security breach ever and up until now manning's attorney david coombs has refrained from making public appearances or talking to the media but last night combs and broke his silence and we were at the church here in washington d.c. work spoke about how the cases played out and described his relationship to manning . nearly three years after bradley manning was arrested for leaking hundreds of thousands of top secret documents his attorney makes his first public appearance brad's treatment i want to go to will forever be i believe in our nation's history as a disgraceful moment time not only was it stupid counterproductive. it was criminal that was the focus of a week of pretrial hearings leading up to his debut to the press for the more than nine hundred day as manning was locked up the defense says he was subject to solitary confinement for twenty three hours a day and a small six by eight foot cell where he faced forced nudity in sleep deprivation i'm confident by the time this case comes to a conclusion the record of trial will be the longest record

mainstream news at a rare news conference earlier this week in manning's in which manning's attorney david coombs made his first public appearance speakers brought this brought this to attention i also want to say the journalists who've been covering the bradley manning and i know. one name you won't hear on that this is the new york times. what you see is journalists covering a trial that is very difficult to cover and you don't see that major media coverage . let's wiki leaks u.s. attorney michael ratner calling out the new york times for neglecting to cover the man in case the times you can recall was one of the first newspapers to partner up with wiki leaks during the initial release of cable gate as it's been done using information in the document leak as the basis for many of its reports no doubt benefiting from the massive amounts of information but it's no secret that those following the case closely have been unhappy with the paper's silence activists have made their feelings known from day one here's an example of the wiki leaks truck recently decided to make a stop in front of the gray

tanking i mean they are literally serving every single one of their witnesses to the defense and coombs will deconstruct their testimony however what they are appealing to you know in terms of what they're presenting with the judge is regulations the fact that you know these decisions were made according to the book so having a legal rationale for it so that's how they're playing their case and what the how are they deferring the e-mails from the military psychiatrist saying that you know it's completely absurd that he needed to be on suicide watch and have this kind of maximum confinement you know it's one of the more interesting aspects of actually watching the trial as opposed to just sort of straight reporting on it because there is a process where defense will deacon still say well the seriousness of the charges that was the condition and the defense will ask well let's look at that and they'll go through these e-mails and what's becoming apparent i mean defense sort of drawing out a landscape. motive what really was the motive we keep hearing uncommunicative every single witness f

bertha coombs over at the nymex. we are live here at post 9.is 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 give us his take. plus with

. >> reporter: eric coombs is a budding wildlife photographer and he's on a mission. >> if we can get those nalwals shooting up their big long ivory tusks, that's the pinnacle moment of seeing a narwal. >> reporter: but before you see them, you can often hear them, which is why these headphones attached to a nifty underwater microphone come in handy. this sound right here might as well be trumpeters announcing their presence. >> in the open water. >> reporter: and then it happens. the rare moment we've come all this way for. >> in the ice over there. >> reporter: when we come back, a close encounter with these mythical creatures and a close brush with a thousand feet of open sea. as an unexpected crack in the ice threatens to leave us stranded. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stom

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

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?

sticking around, let's go to bertha coombs standing by. >> closing lower for a third day, michelle, andoday really seeing selling prices. we have low volumes going into the holiday. gold on track, actually. for its worst gain in 12 years. still up for a year but take a look at silver. that is what one trigger is telling me. these days it looks like this move is more about allocation, people moving out of metals and silver more after beta play is really taking up more on the chin. lowest close here since august 22, down for six straight session and copper following suit as well. down for fourth session. 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 su

let's get trading action now from nasdaq with bertha coombs has one of the biggest over there. >> ofe, apple moving back into positive territory. spent much of the morning in negative territory. we will see if it can make it two days in a row putting together gains. meantime, lot of movement when it comes to video screening. red box division, dvd rental company, teaming up with verizon to do a streaming service but take a look. netflix is the best performer. you would think the news would be bad for netflix especially after moodies cutity rating. but the stock today, best in the nasdaq 100 after j.j. morgan stanley said they are rise raising their target because they think the deal with disney will lead it other key content deals. garmin starts today in the s&p 500 but it is among the biggest losers, as is facebook which starts today in the nasdaq 100. back to you, sue. >> thank, bertha, we appreciate it. when 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. h

. >> 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

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 get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell. some had suspected them to solicit a bid to buy itself out. it has a drug that's a fish oil drug that's prescription. they say they're hiring a sales staff and they still expect to present more details to the fda in february 2013. some disappointment, clearly, there. 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.

. >>> 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

bertha coombs wraps it up. >> we basically had all but one s&p sector today closing in the red. still had pretty big winners. verisign, registering domain day. dell with the best day of the year on a goldman upgrade. p pitney bowes replaces ceo. and equifax buys a company for 1 billion. equifax hitting all-time highs, one of the few that held onto the day's gains. on the downside, netflix. wall street journal piece says big risks in commitment to original programming and what that will mean for profit margins. meantime, materials, the day's worst sector, that weighed on owens illinois. piper jaffray cut outlook seeing same store sales down 30% next quarter. the company will look to make $1 billion in cost cuts in 2013. making that announcement during investor day. exelon, utility, one of the big dividend payers not getting much of a boost. with a 6.9% yield. take a look at the stock today, how utilities continue to get hit. 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

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

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

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,

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 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

bertha coombs on the latest on apple. >> that fall on apple really affecting the overall market.losing at the lows of the day. the concerns, essentially, are fundamental, that they may be losing market share when it comes to ipad, slower iphone sales, but also technical. they're really seeing the stock moving below some support levels here. then also, the financials. that was the other side of this. citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks 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 kno

. >> send it over to bertha coombs. what have you got on your 3450i7bd? >> as mary said, a lot of people are sitting on the sidelines in terms of any movement in congress over the weekend. but we did get that delayed weekly inventory report, and that was fairly bearish for the most part. much smaller than expected draw down in crude. bills across the product. in crude the thing that people watch is what happens to the nymex in curbing, oklahoma. there we saw a 2 million barrel increase in terms of stockpiles. we're now at a record 49 million barrel stockpile. that really just underscores what we've seen all year and why we've seen nymex crude underperform, brent, which is now considered really the global benchmark because we keep having strong production coming out of north dakota but no real way to get that production out of the hub in cushing, oklahoma, down to the refiners on the gulf coast. very little trickling down. a lot of it going by rail these days. we'll continue to see that until we get pipe lines. >>> as far as metals are concerned, with the

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, 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

. >>> 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,

go to bertha coombs, watching not just the energy complex but also what's happening to gold today.2 bucks. >> yeah. yeah. it's really an interesting thing. it has been lately when you talk about gold, when the lopes up for the fiscal cliff, gold is down. today, we are just seeing some liquidation overall. as far as natural gas, natural gas again also being the opposite. today was down, yesterday, bouncing this morning, up about 2%. certainly the fact that we are seeing that snow in the midwest, saw poor mike seidel thought in the snow that is helping. also seeing heating oil now coming off of the lows, moving into positive territory this morning. as far as the number coming up here in just a minute or so the expectation is for a withdrawal of 74 billion cubic feet that's below the number we saw this week last year, about 100 billion cubic feet and well below the five-year average about 140 billion cubic feet or so we all know the story. we have a lot of natural gas production, a lot in storage and that has really been an impediment. last week, we saw a total injection of 2 billion

that according to rbc because of a new etf there. >> thank you very much, bertha coombs. we've got a travel doubleheader for you. former continental airline expert gordon bethune. and riding the rally in travel website stocks. which names are likely to keep heading skyward. take a look at the early movers in the holiday shortened session on wall street. >>> a shot of th this morning, as winter storms delay flights for those heading home for the holidays, how are the airlines going to be impacted. gordon bethune joins us this morning. gordon, good morning. merry christmas, and happy holidays. >> happy holidays to you. >> i was just thinking, the weather in the northeast has been pretty good. if you're an airline executive today, are you going into this final week with a dose of greed over the profits or fear over the weather? >> well, you've got everything scheduled that you have. so there's no -- this is a peak travel day, like the monday after thanksgiving. so there's no spare airplanes sitting around, you put everything on it. you really don't have any reserves. let's h

bertha coombs, as we count down to this midnight deadline.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 close the deal. >> the deadline to get a deal done, steadil

whether it's entitlement, medicaid -- >> he laid out medicare costs, parts of the bill when it coombserwrite. it's not like democrats aren't talking at all about spending. you wanted to jump in ryan. >> congresswoman, just to talk detail on entitlements, is this the republican position on medicare and on social security, the republican leadership in the house wants to raise the eligibility age for medicare from 65 to 67? is that the position of the republican leadership, and on oeshl securi social security you want to change the cost of living adjustments, are those the two issues the speaker is pressing the president on? >> no, the issue is solving the problem for the long-term. >> so you don't want to raise the eligibility rate? >> the issue is finding a way to stabilize the systems. look, when you look at medicare and individuals, the federal government has had first right of refusal on your paycheck. all of your working life and that money has been paid into medicare. we need to make certain that that trust fund, which is it is supposed to be, medicare and social security are trus

let's find out from bertha coombs at the nymex. >> if you're heading over the river and through the woods and driving you're paying about the same as you paid last year per gallon though today we did see gasoline futures higher. looking at metals we have gold closing in about five minutes. had been fractionally positive much of the day but as the dollar has strengthened a little bit here this afternoon gold rolling over into negative and what has been basically a very negative trade today for metals. obviously light trading ahead of the holidays and traders are saying the big issue is going to be what happens with these fiscal cliff talks if they do resume here after the christmas holidays? as far as energy is concerned for brent the third straight session to the down side. toward the end of the day, did make it positive on gasoline futures. we did have nat gas selling off after the big rally last week traders saying the longer term forecast doesn't look so cold so natural gas giving it up here ahead of the christmas holiday. merry christmas both to you and maria. hope you have a wonderfu

. >> that's the end of the questions for david coombs. [applause] >> we have had these explosions of knowledge in medicine, but we have not coordinated care and all the services we have end up having so many cracks at the cracks are as harmful as the disease is that we're treating. you've got to step back and ask, you know, are we hurting people overall? on a global level, what are we doing sometimes? of course now we've got these reports saying 30% of everything we do may not be necessary in health care. we sat back, 30% of the medications we prescribe, detest the order, the procedures. this is something i think, which is for the first time really been called out as a problem. >> as part of our series looking at the so-called fiscal cliff fleming, we look at different aspects of it. today we turn our attention to the alternative minimum tax and the pack that could come from congress if they're able to work out a deal. if they do nothing come of this will impact 30 million americans. joining us to discuss his georgetown laws, john buckley

bertha coombs with what's in stoke for the health care sector in 2013. >> reporter: the rollout of bicyclewill weigh heavily on health care services, medical devices, and health insurers. hospital stocks the best performers in the health care sector in 2012, likely to be volatile and vulnerable in 2013. new medicare rules peg reimbursement rates more to outcomes rather than just the number of procedures. for insurers, 2013 will bring more m&a to diversified business as u.s. profit margins are kweezed by regulation and competition -- squeezed by regulation and competition. the acquisition of brazil's largest health provider will likely push others to hunt for more international growth. medical devicemakers face a 2.3% excise tax starting in 2013 under obama care. it's been a headwind for stocks like boston scientific and stryker. any kind of reprieve on that rate is going to be a positive for the sector. the biggest story of the year in health care will be the build-out of the state health exchanges. the federal government has to build 32 of them for states opting out, along with a complex