dennis: news all over. i am dennis kneale. cheryl: i am cheryl casone.y busy hour here at fox business. they came, they met and they said nice things afterwards but the fall of the fiscal cliff, more up-to-the-minute coverage on talks between the president and congressional leaders. dennis: the middle east on tinderboxes as israel and gaza militants exchanged rocket firings, the officials for and to escalate the conflict. cheryl: we begin right now with breaking news. the federal housing administration posting a deficit, $16.3 billion. there's fear the agency may require a taxpayer bailout. we are all over the story with you right now. we have rodney anderson, supreme executive director, chief market strategist, residential finance corp. jerry howard of h p, ceo and pinto resident fellow sam can, president and chief economist at shannon economics and susan foster, a professor of real-estate and finance. dennis: peter barnes in washington with breaking details of the f h a bailout. peter: we might hit a trifecta with housing bailout, fannie mae and freddi

i hope dennis is right, that now post election the united states will take a larger role. i am afraid, though, that this regime is now really in a war with the majority of the syrian people and the only way this ends is for assad to be defeated. and zero to have to leave, and to have to leave the country. i don't see some kind of negotiated deal with him taking place. >> rose: elliott abrams, thank you, and rashid khalidi, dennis ross, former u.s. envoy to the middle east, thank you all. >> thank you, charlie. >> rose: we will be right back, stay with us. >> rose: on the night of april 19th, 1989 a white jogger was brutally beaten and raped in new york city, central park, five black and latino teenagers were charged with the crime, the case dominated the news in a city plagued by high crime crime and racial tension all five of the accused were convicted and served between seven and 13 years in prison and exonerated in 2002 after serial rapist and murderer confessed to being the stole as stale atlanta, sarah burns discovered the student as an undergraduate student at yale an

." ♪ dennis: i am dennis kneale. l: i am cheryl casone would tim geithner on capitol hill trying to sell the president's fiscal cliff plant to republican house speaker john bain and not buying it. he just said white house needs to get serious and the markets are turning lower. also had fiscal cliffs survival kit home additions that you contain right now to prepare. dennis: blamed superstorm sandy. retailers playing the blame game for week november same store sales. analysts already asking what it really the storm or the economy did pull those numbers down? cheryl: we are watching a power ball conference this hour with more details expected on the two winners of the $580 million record jackpot from missouri and arizona. of gone home to buy my ticket. dennis: stocks every 15 minutes, nicole petallides, for the stock exchange where stocks the suddenly lower on more cliffphobia. nicole: i can say in the wall street traders saying every headline out of washington moving this market, fiscal cliff phobia is a good way to say

. >> i am shocked you didn't go for the joe, you used to work at a denny's. >> i don't believe you have ever had a real job. >> are you right. i think it is a shame that these employee hours might get slashed. anybody trying to get you to spend less time in a denny's, they are doing you a favor. >> they are probably helping your health. andrew, what do you think? are these rational business decisions or are they all political? >> papa john's, you know a sea of big romney supporters. it was definitely -- they did an estimation of cost and they will go up 3 to 4 cents. i know he said 15 cents, but it is a little politico, but it is a reality that businesses will have to deal with. >> absolutely. imogen, if the prices go up and they put a surcharge on the food, will it stop you from going to denny's? >> it gives us the opportunity to talk about health care on red eye. i know viewers love it. this papa john's bloke will add $5 million to $8 million to his general bills. however, at the moment he gives away $$32 million in free pizza and contributing to the romney campaign. if he contributes

dennis: thank you for being with us. good ay to you. cheryl: i have my tickets right here, dennis. o when. i have the winning numbers. luckily, i convinced you to buy extra tickets. the federal government may be about to fly down and already weak housing market. dennis: both parties leaning towards getting rid of inductions. melissa and lori will be up next. ♪ >> two points in the powerball lottery at $550 million. i spent $20 on tickets randomly chosen by computer and i am thinking you prefer to do your own numbers. >> i actually ha

dennis: i would bet they are both against it.e very latest from the campaign trail coming up next. cheryl: and you won't believe how long the gas lines are following super storm sandy. live in new jersey. dennis: a look at the 10-year treasuries as we head out. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. speak on tracy byrnes with your fox business brief. wall street lower in afternoon trading despite stronger than expected report on the u.s. labor market. the dow down 27 points. shares of martha stuart living something with the board of market. a day after announcing it is taking steps to cut costs company says declining value of the business and a drop in ad revenues widened third-quarter loss. they plan to lay off 12% of the nearly 600 person staff after steadily losing money since 2007. hardwa

dennis: i am dennis kneale. check at cheryl: i am cheryl casone. you know the phrase tax the rich.president obama beginning his push to increase taxes on the wealthy by meeting with a supportive audience, labor leaders at a white house. we have republican senator roger wicker. if there's any room for compromise before the country falls off the fiscal cliff. dennis: the doesn't do windows anymore. microsoft windows chief shown the door less than a month after launching windows 8. does that mean the product is a failure? cheryl: the latest on hostess at a strike which is the company to shut three plants and bring management to keep twenties on the shelves. dennis: stocks every 15 minutes. nicole petallides on the floor of the stock exchange. stocks up, j.c. penney down. nicole: equities across the board looking pretty good. the dow was up 60 points, a gain of 1/2% much like the s&p 500, the tech had been nasdaq is lagging a little bit up 0.1%. the dollar virtually flat and commodity selling off. winning day on wall street, home depot and at&t and verizon helping the dow along the nam

i just could... >> pelley: what did you do? >> dennis i ran to the store and got everything i could-- generators and water pumps, and i just told the guy, "stuff the car with everything you got in this place and put it in there. here's my credit card." >> pelley: maxed out the credit card? >> dennis brady: i called american express and i told them, "do what you have to do, but this stuff is going on the card." >> pelley: how long did it take you to drive here? >> dennis brady: 19, 20 hours. you know, i stopped for gas and just kept going. >> pelley: straight through? >> dennis brady: straight through. >> pelley: and when you got here, what did you see? >> dennis brady: devastation. total devastation. >> pelley: dennis maxed his card on more pumps, generators and supplies than he could use because he knew someone would need them. it didn't matter who-- the houses in his neighborhood have been in the same families for three and four generations. who lives here? what kind of neighborhood is it? >> susan brady: this is three fs-- family, fri

i was at the parade, with all colored parade. dennis: thank you very much. my goodness. cheryl: have already said we buy from an outside vendor, but nevertheless we did not put that out there on purpose. i do not think it was macy's behind that. nassau county, some explaining to do. dennis: a record thanksgiving box office. winners and losers are coming up. cheryl: we will have the state that leads the pack coming up in the west coast minute. and a look at the 10-year treasury. ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other thgs, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> i am tracy byrnes with your fox busines

dennis: i am dennis kneale. cheryl: hello, everybody. i am cheryl casone. owing a dead heat between the candidates. a look at where stocks will go the president obama is elected or if challenger mitt romney wins. dennis: we look at when the northeast gas shortage will end. what can be done to prevent it from reoccurring. cheryl: in the wake of superstore sandy's devastation, a new problem. this is an hour you cannot afford to miss, everybody. dennis: top of the hour. stocks now as we do every 15 minutes. one day away from the election. the markets are looking timid. nicole: if they are not talking about hurricane sandy's, they are looking forward to tomorrow's election. something they have been looking forward to for some time. let's take a look at the dow, nasdaq and s&p. they have been pretty close to the unchanged line. the s&p and dow not too far off from the unchanged line. some names showing promise. hewlett-packard, chevron, pfizer and caterpillar. you talk about energy. we talk a lot about entergy. they came out with a quarterly profit of 46%. that w

dennis: i like it. you watch. f they're giving them to help them travel. try to tax the income. cheryl: don't worry, be happy. dennis: gas prices up 30% on average nationwide in the past five years. cheryl: how you feel about paying even more at the pump? the new talk of raising the gas tax to avoid the fiscal cliff, melissa and laurie have more coming up on markets now. the dow sinking below 13,000. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's justommosense, from td ameritrade.

my name is dennis i made this movie and there are a few things you should know about me right from the jump i'm not an expert on the economy climate change or foreign policy i'm also not an expert on sustainable farming systems the history of social movements or lego's the occupy movement has experts on all those things and more not really one of them i'm happily married husband a father of two fantastic children i live on a main street in a small new england town with actual white picket fences i made this movie for you me and everyone we know in the hope that we can create a world where human need comes before corporate greed so why does it feel almost un-american to say that think about it this way just go with me for a second here you know that scene from the oliver stone film wall street when gordon gekko played by michael douglas in a role that would win him an oscar appears at a shareholders meeting of a company paper to defend his actions and his grotesque worldview and delivers the now famous speech where he says. for lack of adequate it's good. we did the right. works. creek.

you want to get elected voice and coming out and say these things ok all right does this go back to denny i think everybody want to address your clear research all right patrick go ahead please do sir. let's go back to patrick are we going to do when americans are asked to rank ok when americans are are asked by the gallup organization a very respected polling organization to rank environmental issues in terms of their importance global warming invariably comes in dead last those are the facts and you can say what you want about indiana maybe because it's not in the me you're very much. yeah go ahead of fox news are told it's a plane no that's my point denny you want to jump in there go ahead please sir. well i would just like us to forget about c o two because the c o two the greenhouse effect from c o two is saturated that's a physical phenomenon you know you see the own personal road gets more greenhouse and so you know yes it is completely which is why which is why which is why it has a minimal effect compared to other facts constantly. veto and that relates to land use not only for the

>> i am dennis kneale. >> i am cheryl casone.oon eastern time and here is the question, tax the rich? president obama to hit the hardwood in a couple of hours. he is now insisting on a $1.6 trillion tax increase, but we have a ceo who says the president is meeting with the wrong people. he says small business is really holding all the cards right now. dennis: general alarm. the general agreement testified to congress. we are alive at the pentagon with the latest. cheryl: retail sales falling as we head into the holy grail of profits. black friday and the christmas shopping season. we have two analysts with the stocks to buy the stocks to dump. dennis: nicole petallides, so the dow turned lower, nicole. nicole: at least it looks like they have been dumping them more than buying them lately, cheryl and dennis. down almost 60 points on the dow jones industrial. we recoup some losses we saw earlier today, but the bank index has been under pressure. the truth is if you talk about the fiscal cliff, that is something that ways that inve

my name is dennis i made this movie and there are a few things you should know about me right from the jump i'm not an expert on the economy climate change or foreign policy i'm also not an expert on sustainable farming systems the history of social movements or lego's the occupy movement has experts on all those things and more not really one of them i'm happily married has been the father of truth and task to children i live on a main street in a small new england town with actual white picket fences i made this movie for you me and everyone we know in the hope that we can create a world where human need comes before corporate greed so why does it feel.

also i did see ms. dennis here. i don't know what happened. i know him peripherally. i have good feelings about him. as well as amanda wright, i worked with her for about a year and a half at hamilton family center. thank you very much for your time. >> supervisor kim: mr. daily, thank you so much for being here today. next speaker. >> good commissioners, like a rolling stone. and then we won't be so alone. (singing). i heard you pick a commissioner with a lot trait, she will make a commission make. city was a rolling stone. and don't leave us alone. i heard some cities, -- gonna make it made. and we're going to get commission paid. i heard some cities were doing storefront preaching. we will pick it up and we're going to be teaching. the city was the city rolling stone. (singing). you will make it moan. alone. go ahead and hate your neighbor, cheat a city friend. i know you'll make it happen. make it happen in the ned. there won't be tropics blowing come the judgment commission day. you will make it happen when one commissioner comes your way. and someday, we'll be t

dennis: if i buy this, where do i usually have it? >> you may buy it just to hold onto it. christopher reeves wore, i think you underpriced it a bit. >> it was the third movie. not the most popular. we have sold similar superman outfits around $65,000. we anticipate it will go for a lot more. dennis: what if it had been a superman costume worn by george reeves in the 1960s series. >> even more so. there are several christopher reeves costumes, only two known in existence. dennis: even more. >> $200,000. dennis: and liz taylor's golden globe. this was owned by a pr guy. so would it be worn more of it came from the estate of live elizabeth? >> she gifted it to him. a lot of people didn't realize these items would become worthless much as they are, so comes from a family of the pr agent. but we still anticipate it will sell for 40, 60,000. dennis: a truly symbiotic great movies, "the blues brothers." now you have john candy's classes going up, a lesser figure. priced the same, 5000, how could you, sir? >> we put conservative estimates, very popular film. very few artifacts are

i always wil >>> coming up, dennis hall goes back to court again. o hear from the brother of his victim. >> i had a lot of sleepless nights, wrestling with the decision of whether or not to allow the state to take its course or for me to do the job myself. [ male announcer ] introducing... a new way to save on your prescriptions. 's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. op so call today or visit your local walgreens.vf@lhere7 sentenced inmates arrive from jails all over the state, jail inmates come from a much smaller region. they often know each other or staff from uneasy acquaintance with officer chad bishop. hall murdered his brother. and, today, must appear in courthis formal sentencing. >> you are on the record in the rward on the final sentencing? >> judge, we are. >> we had pas

the rocket threats that our forces can face around the globe and particularly in the region. >> dennis, inow you've been following that which is going on in tahrir square and elsewhere in egypt. you have president morsi facing trouble in his own backyard. does that undermine his ability to be an effective mediator in any general area of middle east negotiations? >> well, it certainly undercuts a little bit of the luster that one saw emerge for president morsi this week. suddenly he thrusts egypt on to a role that historically it has played but did not play the last few years of the mubarak regime. he was put in a position where he was re-establishing the stature that he has often known and obviously sees itself as deserving within the region. now the fact that he's facing what are real questions having real challenges within egypt are a reminder that no one that is going to govern in egypt today can do so without regard to the egyptian public. you have a public that didn't have a voice for four years. it's demonstrated that it could remove an egyptian leader and the idea that somehow it w

dennis: not much. cheryl: i drinkable copy for both of those. n business throughout the east coast but we will tell you how the superstores creating a windfall for social networking giant twitter. dennis: first let's look at today's winners on the nasdaq. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. cheryl: live pictures courtesy of fox affiliate w n y w. this is new jersey and this is the turnpike and it is a mess. this is a rest stop on the new jersey turnpike. you are looking at a tanker trying to refuel. major gas shortages in new jersey. three hours lines per people trying to get gasoline. mini vehicles running out of gas in those lines. we continue to look at the issue of new jersey and this is happeni

so, dennis, i just want to ask you before we get to sort of the technicalities of what today can meanhat this could mean, there are thousands and thousands of people who may want to get married monday. and how is san francisco's courthouse going to handle that? >> well, ashleigh, we have a lot of experiences, some might recall, with handling large crowds back in february of 2004. there were tremendous lines for a monthlong period here at city hall. but -- so we have experience with it. we've been working very closely with the clerk's office, and while there's a great deal of anticipation about what the possibilities are, we've been taking steps to deal with the practicalities. just a couple days ago, i sent a letter to the ninth circuit court of appeals in the event that the supreme court denies stay for them to give us a 24 hours' notice about when they might lift the stay so we can prepare to have people deputized, work closely with our clerk's office, the sheriff's department, the police department from a public safety perspective to make sure we have all the logistics in place to

dennis: i love fracking. thank you, phil flynn. >> thank you, sir. cheryl: say it ain't so. ie, cohost, wonder bread, this is a bad situation. dennis: and "skyfall" skyhigh open. new details ahead. speak on tracy byrnes with your fox business brief. wall street has lingering concern about the fiscal cliff weighing on the market. the dow was only up about four points. meanwhile investors are driving up shares today. the car rental company agreed to sell some of its airport locations across the u.s. in a bid to win it with cory approval for the proposed purchase of dollar thrifty. the current tender offer for $2.6 billion deal expires november 15. a new survey suggests this giving turkey will cost a few more dollars this year. the presbyter give price of tur% from a year ago. on average fixing the meal cost just under $50. this latest from the fox business network giving you the power to prosper. oods' firs. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a

i, sidylso rallav the s. at the tech had $8.8 billion. dennis: thank you. a ben bernanke's na f, m i ainuing isi to his colleague's calls to rein an rein in the fed? rein in the fed? >> i don'tp.n impartial and not fooled by a dennis: ben bernanke is ch3gtao cf1e n do the twist ball is there anything ben bernanke %an clyl, enning.tmc% ce canetty clyl. numbers in the last couov e avyo news, it would be nice to hear ben bernanke sh nnigadgan tan digesting that. how he will just begin to talk about what are the condition they are looking for. i am hopeful we will hear this. what are the conditions they will start to look for. for instance as i just mentioned at the start of the hour, showing some improvement. can he put quantitative numbers around that? that would be helpful. as to what they are looking for. let's face it. the reason they had it is to get housing off the deck, we are seeing the beginning. dennis: he has been blunt about the devastation of the fiscal cliff if we go off of that thing. are we in danger of overselling it? you cut domestic spending

i am out of time. thank you. >> thank you, next speaker, please? >> good evening, commissioners, my name is dennis leuy, i am a native to san francisco. my husband and i have lived on the edge of glen canyon for decades. and we have deep roots in our community. i ask that you deny the appeal. and rely on the experts with recr, and parks, thank you. >> thank you. >> next speaker, please? >> my name is tony astrela and this is my daughter kristin, we moved directly across the street from the canyon we are where diamond heights boulevard and elk come together and when i walk out of my front door i look to the left and i see all of those trees. kristin our house was built around a huge tree that existed for 20-some odd years until a branch fell off and it was removed. if those trees are removed it will destroy the quality of life, i think. not just for the people in glen park down by the playground, but all of the people surrounding all of glen canyon, if you have ever driven down oshanasy, you know that the canyon is huge and it needs its mature healthy trees. i am curious to know of those 58 in this

be you right, i am not dismissing those who are retired and have paid in but something has happened over the course of our life dennis when i got out of graduate school that figure was in the 20's and now it is approaching 50 percent, just that figure is screwy, right in if we are going they continue to support a lot of government things you want, we have to do more than saddle just the top 2 percent? >>guest: we are coming out of the worst depressions and the middle-class and lower income people have suffered more and the idea that everyone shouldn't pay their fair share is crazy. >>neil: what part of fair are you not getting? >>guest: i am talking about the wealthiest 2 percent who got a tax cut when the middle-class people got tax increases and have so many challenges. >>neil: i thought with the bush tax cuts everyone got cuts. >>guest: well, sure, but the amount was so much less, and, they received all of the other cuts they did. they lost their job. they lost their home. because some believe the tax cuts is the way of future. >>neil: we are going nowhere with this. let's talk about what unions might have offered

i am dennis mackenzie with diamond consult ag and education and a know san francisco public high school teacher for 11 years. i provided everyone in the city and officials and mayor and the commission here my proposal to include a high school classroom inside the basketball arena and today i have been delivering update on another phase of my proposal many years ago because i believe that this facility can provide some guidance and leadership in our country in order to establish a model arena where i believe all sports institutions and industries can incorporate the need for our high school and college age students to be included in these processes. these facilities i believe are inherently educational methodologies which i have been studying and writing about for 30 years. i provided a letter today that expresses one example that can manifest in the next few years. that is developing cross cultural education program for example which would include the experience of high school, college and business leaders, government from all our americas for example, central america, mexico, south ame

dennis: early absentee votes go for obama's but are there high votes voting early republican? >> more than in the past iy people who would vote for him initially. dennis: is there a gap from what you tell the pollster than vote differently? >> absolutely. that is why look at the "new york times" who has 92% chance obama will win. at all think it is 90% if you look at the wild card calling people with cellphones, i think it will be a very, very close race. dennis: obama's? >> i have him at 281 greg valliere. good job. cheryl: we are all over the swing states the sunshine state is of must win. melissa francis is in tampa florida. >> this is ground zero right along the interstate four corridor cutting the state east through west the north parmelee goes republican and the south goes democrat wrote this is the battleground. at has been a slightly even mix listen to these voters. >> i voted for mitt romney i want change. >> i voted for barack obama hit because he needs more time. >> a total waste of time they could have had lunch but everybody hess to cast their vote to. no president has won without this pres