cnbc's eamon javers joins us now from washington. all right, eamon, first up, we're going to vote tomorrow. do we know what time? is that all locked in? >> well, based on the way the clock is ticking, they have this procedural process, larry, where we expect that between 4:00 and 5:00 is the earliest they could start voting on this tomorrow. as you say, it was a surprising show of support today. 12 republicans. all of the democrats voting for this bipartisan deal. we're told speaker of the house john boehner and paul ryan were working on the republican senate colleagues to get this bill over that procedural hurdle today. that clears the way. we think it will pass overwhelmingly tomorrow based on today's vote. >> i'm wondering if more republicans might actually vote for the final vote on the budget. now, some people disagree with me, eamon but the think the wind is blowing in that direction and i think the gop is realizing paul ryan is saving them, he's their savior in this thing and they should back- him up. >> they change their vote

eamon javers joins us from washington with more on this. tell us more about what is in the deal, will it pass, and are democrats as divided as republicans? >> here is the key to the deal. they are taking $63 billion of so-called sequester budget cuts, scrapping them and replacing them instead with $85 billion or there abouts in longer-term budget cuts. net, net, the deal proponents say this is a 23 billion-dollar improvement in the nation's deficit picture over the life of this particular deal. now the speaker of the house and other leaders on capitol hill very much support this deal and the speaker was asked today what his reaction was to some conservative groups that have come out and opposed it. take a listen to speaker boehner. >> you mean the groups that came out and opposed it before they saw it? >> yeah. >> reporter: >> they are using our members and the american people for their own goals. this is ridiculous. if you're for more deficit reduction, you're for this agreement. >> speaker boehner outraged, you could say about conservativ

eamon javers reporting from washington. >>> cutting the growth forecast for the u.s. by half a percent for 2014. the agency sees gdp coming in at 2.6% next year. s&p says it sees the federal reserve gradually pulling back on the bond buying program, and as we said, wall street is starting to believe the fed will start the pull back next week at the final policy meeting this year. steve liesman has more and what it could mean for the markets and the economy. >> reporter: a taper by the federal reserve at the meeting next week looking more likely than not. the economic data the market's reaction point to a possibility the fed could move next week to reduced and the amount of stimulus in the economy that it provides to bond purchases or quantitative easing. the fed offered three tests for tapering or reducing that qe and those tests look to have been met. one was confidence in the outlook, average job growth risen to 19 3,000, up 43,000 when the fed said tapering was a close call. the unemployment rate is 7% isdown 2/10ths. the end of fiscal uncertainty is another factor

cnbc's eamon javers joins us live from washington. good evening, eamon, what can you tell us about this big decision? >> good evening, larry. it was a big decision and big defeat for the nsa in a federal courtroom in washington today. as you say, that federal judge saying the nsa's metadata program is most likely unconstitutional. that federal just saying the program's technology is almost orwellian, quote/unquote. the judge here staying hid own injunction. that's going to allow the government to have some time to appeal this case. that's expected to take about six months. a big defeat for the nsa. we got some reaction today from edward snowden. the nsa leaker, himself. who said, today, a secret program authorized by a secret court was when exposed to the light of day found to violate americans' rights. it is the first of many. and larry, this is going to be topic number one at a meeting tomorrow at the white house. the president is scheduled to meet with the ceos and top executives from some of the nation's biggest and most important

joining us to discuss is jon fortt and eamon javers. and vice president at amazon. mr. berman, let me stop with you. i don't want to use an antique metaphor, get the cart before the horse, because there are a lot of operational details. i'm thinking -- i applaud you guys for thinking crazy thoughts, but are you guys serious? >> well, you know, at amazon we like to think big. what's bigger than trying to get it delivered to the doorstep in 30 minutes? again, this is years away. there's a lot of work that needs to be done. we can temper things a bit, but as jeff said, we don't see this as science fiction, as something that's viability, yet years down the road. >> you build facilities like the one behind you on audacity and big thoughts and thinking craziyly, but speaking of crazy, i can see the guys from "duck dynasty" having an awful lot of fun with these drones? >> it remains to be seen how drones will react. we're excited about the potential. we're excited. the vehicles with a ten-mile radius. they'll be able to travel from a fulfillment center or another remote place

eamon javers in washington with details. eamon? >> the volcker rule designed to ban prop trading by the big banks and others but there are exemptions to the rule that they rolled out today. let me walk you through the five key exemptions here in this volcker rule starting with underwriting. banks will be allowed to do underwriting but positions must not exceed what they're calling reasonably expected demands of customers. second market making. the trading desk inventory may not exceed what they call that reasonably expected it term in terms of the demands from the customers. risk mitigated hedging, allowed under this plan, the banks will be required to document the hedging rationale. that means they've got to explain what they're doing, why they're doing it and put it on paper and send it to the regulators. you will be allowed to trade in government obviousligationoblig debt, state and muni debt allowed, and certain trading activities of foreign banking entities will be allowed as well. those entities allowed to trade as long as th

eamon javers has all the details. >> reporter: good evening. it was billed as a speech beginning a three week push here by the white house between now and the end of the year to get people to sign up for obama care. they need to hit that beginning of the year deadline in 2014 to get a critical mass of people on the obama care website. the president today giving a speech inside the white house complex where he made the case again that the white house has hit its deadline for fixing the obama care website and now safe for people to sign up. take a listen. >> this law is working and will work into the future. people want the financial stability of health insurance and we'll keep on working to fix whatever problems come up, any start up, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're just going fix it. >> reporter: meanwhile on capitol hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care l

our steve liesman and eamon javers have been doing fantastic reporting to find out if the labor department has been giving us essentially bad data. >>> and fast food restaurants across the country are facing some very stiff protests today. demonstrators want the minimum wage to jump to 15 bucks an hour. what would it mean to businesses if $15 an hour really becomes a reality? all of that is straight ahead. tyler and i have done the big switch switch switcheroo. he's at the nyse. hey, ty. >> we cut through the fog and made it. thanks very much. a big day of data. the big number, of course, is that third quarter gross domestic product report, up 3.6%. the revision there, jobless claims down 23,000 to 298,000. october factory orders down 0.9%. here's what mr. market is saying. the dow is about 23 points lower right now. but look at the year-to-date numbers, up 21%. let's take a look at the s&p 500. it, too, down about 3 points, 1,789. that was a good year in the american revolution, folks. but look at the year-to-date returns there. if eye my eyes don't fail me, up about 25%. as for the nasda

eamon javers joins us more on the meeting, who was there and what, if anything, might have been accomplished. eamon, what did the ceo hope the white house would do here? >> what they are telling us is what they would like to see is the white house and united states government allow them more transparency, tell their customers, facebook, twitter, google, to tell their customers exactly how often they are turning over information to the united states intelligence. right now, they are not allowed to reveal some details how often they cooperate. they feel like this would go a long way to alleviating concerns customers have in the wake of edward snowden disclosures. >> that's what the ceos looked for. did the president page any offer? >> this meeting, which was unusual, about two hours and 45 minutes long with the top figures in global technology at this meeting the president more or less took a listen and learn approach. he wanted to hear their ideas for what they would suggest that the white house do here. of course, the white house is wrapping up an overall review of the intelligence gathering

eamon javers at the white house, thank you, buddy.reciate it. >>> good news whole foods ceo telling cramer that something that should make their store fans very happy. >> and later in the show, what james bond, huge bling, and baseball -- a baseball all star all have in common. the must-see video of the day that will have you hanging out in public. [ male announcer ] the new new york is open. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. whereve

eamon javers in washington with all the details. good evening. >> good evening, larry. in the end it was an overwhelming vote of 332 to 94 to support the budget deal in the house. that's going to send it over to the senate. the expectations are now that this budget deal will pass. just 62 republicans oppose the deal, and only 32 democrats opposed it as well. but during the debate leading up to that vote, larry, both sides made it plain that they don't necessarily love this deal despite the overwhelming vote. take a listen. >> that's how it works in divided government. that's the nature of compromise. in a divided government, you don't get everything you want. but i think this bill is a firm step in the right direction. >> this agreement is far from perfect. it is not the budget agreement i or many of my colleagues would have written. but i do believe that on balance -- >> larry, it's clear that wall street does in fact love this particular deal. jpmorgan's jamie dimon was in washington today. he sent patty murray and paul ryan, the two architects of the bill yesterday s

to eamon javers. what are we hearing so far? >> it's a setback for the nsa in federal court.ge ruling today that the nsa's gathering of so-called metadata, information about telephone calls, is uncontusi unconstitution unconstitutional. the judge was going to stay his ruling and allow the government to appeal the decision. at issue the collection of so-called metadata, information about phone calls such as the number called, time and date of the call, that sort of thing as opposed to the content itself. it is a blow to the nsa to have a federal judge use that term unconstitutional when applying to the nsa's gathering of information here. >> all right. eamon javers, thank you very much. >>> you know it's a wacky day on wall street when blackberry gets an upgrade and twitter gets a downgrade. we're going to dig into both of those calls ahead. >> what is google up to with the super fast animal looking robots? we'll find out when "street signs" returns. [ male announcer ] the new new york is open. open to innovation. open to ambition. open to bold ideas. that's why new york has a

our eamon javers is outside the white house today. >> reporter: good morning.volcker rule. it bans proprietary trading by banks but there are several major exemptions. just the preamble to this rule was more than 800 pages. this morning in a briefing given to reporters by staffers from this major agency. let me walk you through the five exemptions. they are fairly complicated. first of all, underwriting. positions must not exceed what regulators are calling reasonably expected demands of customers. there's an exemption for market making in here. the trading desk inventory may not exceed, again, reasonably expected demands of customers. there's that phrase again. risk-mitigated hedging, an exemption under the volcker rule. bankers will be required to turn over their rationale to regulators. if you're going to hedge as a bank you have to explain why and what it is you're hedging. and trading in government obligations will be allowed, u.s., state and muni debt and some certain trading activities of foreign banking entities. foreign entities generally will be allow

let's get to eamon javers at the white house. he talked about a number of things but he did make news about healthcare.gov. >> reporter: that's right. he said a lot of people have signed up for healthcare.gov just in the first couple of weeks here of december. so, the president really positioning this that the health care situation with the website is turning around. you saw in the press conference what the reporters really wanted to ask him about. a lot about poll numbers mistakes the president has made. you also saw in his opening statement what the president himself wants to talk about, and that is the economy. the president citing gdp growth housing and other metrics including jobs to suggest that the economy is really reached a turning point here in the united states. he says 2014 is poised to be a terrific year for the united states of america. and in terms of the economy. and that gives me a sense of just how far we've come. for a president elected in the midst of financial catastrophe to cite economy as the thing he wants

eamon javers investigating if the data is falsified.ame around a couple months back. how long has any of this been going on? coming up with that blockbuster report. >>> also ahead, fast food workers on strike. we'll check out the action and get the lowdown from one worker on the front lines. you're watching cnbc, first in business worldwide. er future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ >>> welcome back. as we wait for the important jobs number coming out tomorrow morning, questions about whether it is as trustworthy as it appears to be. media reports of some false data working its way into a key pre-election report last year were certainly making waves earlier. government investigation is in full swing. a eamon javers has been doing some digging. >> that report making a lot of people

our own eamon javers in town from washington. eat. >> a treat for all of us. kayla tausche with us, cnbc contributor zachary carabel and d dani hughes from divine capital. did you get the sense people were waking up and saying maybe everything isn't as great as it seemed 24 hours ago. >> what the heck happened? it was in the last two hours after bernanke came out with his everything's going to be okay. we are going to taper. however it gave people a sense of certainty, i think. i think that's what everyone was waiting for for a long time. we did interestingly see a spike right before he came out with that interesting note. big spike in the price. then came off. then continued to go up about 300 points. but we had some follow through today. not the volume we'd like to see. we did have follow through. >> what told you it was follow through? in other words, people weren't totally spooked. they sort of said, well, all right, the outlook is evolving but we're not going to freak out. >> we didn't have the gap. we didn't have the gap the

eamon javers in washington.s that will automatically start playing on users' news feed. is if a good plan for investors? stock today up 2% on the news, nearing $55 a share. joining me ross gerber, whose firm advertises on facebook but not a fan, and larry from dyna link a facebook shareholder. larry, are you worried about backlash? >> i'm not worried. this is a wonderful thing long expected. the most powerful operating system in the world. the idea is you've got to be in video advertising. that's where big dollars will come, big revenue, big advertisers. it's a de facto system and targeted ads on video is king. it's huge. i think this will add another $1 billion in revenue. >> where does that put facebook shares if you're right? >> i think they'll finish the year u i think it will hit over $60 by the end of the week. next year at this time i think it's $100 stock. this is long-term growing advertise refer new main stream. high tech, high touch. this thing will take off. >> ross you could argue people are used to

i'm eamon javers at the white house where just within the past few minutes, after more than two hoursat meeting with the technology ceos and president barack obama has now broken up. our cameras captured some pictures here of the ceos as they were leaving. a cornucopia of the top names in the business leaving the white house here just a few minutes ago. our producer on the street, karen james, was able to catch up with apple ceo tim cook, and she asked him about what he thought of the appointment of a former microsoft executive to head up the healthcare.gov rollout. take a listen. >> great meeting. >> sir, can you tell me what do you think of the president's appointment of mr. kirk dell bean nay? >> i think he'll be fantastic. tell me more, why? >> i'm headed to another meeting, guys. thank you. >> you can see a couple tight lipped ceos, not many of those ceos wanted to talk to any of the reporters waiting for them. we'll have to wait to see what the white house says went what went on in this meeting. a lengthy meeting, we're told they were talking about the health care website and th

our steve liesman and eamon javers have been doing fantastic reporting to find out if the labor departmentessentially bad data. >>> and fast food restaurants across the country are facing some very stiff protests today. demonstrators want the minimum wage to jump to 15 bucks an hour. what would it mean

us for a moment as we talk a little bit more about the wealth gap and to do that let's bring in eamon javers in washington. on that report that bank tellers comes at a bad time for the banks when they're making tons of money. >> yeah. look, tyler, this is an extraordinarily profitable industry, high paying for those at the top. a couple caveats about this study in the "washington post" today. the "washington post" reports it was released by a labor backed group and just so coincidentally happens to come on a day when a labor backed president is making an inequality speech. it may not shock you to suspect there might be politics involved and the agenda of t the people putting out the survey. nonetheless this is the kind of thing that can get some political bounce largely because we're seeing the president talk about it today. it raises the question of whether this is some kind of a backdoor taxpayer bailout for the banks and anything to do with bailouts for banks is sensitive. and, of course, it comes just a week after the pope of all people started a worldwide discussion about inequality and

eamon javers has the details. >> reporter: jpmorgan's jamie dimon is speaking right now here in washington, and he was asked at the aspen institute by walter isaacson what he makes of this budget deal. take a listen. >> what do you make of the budget deal and what that will do for the economy? >> i sent an e-mail to patty murray and paul ryan yesterday basically saying thank you, thank you, thank you and may the lord bless them because the country's getting stronger every single day and not shooting ourselves in the foot is a very good thing not to do. if we just keep on doing this, collaborating, keep on doing some smart things, i think america will really start to grow rapidly. >> tyler, thank you, thank you, thank you and may the lord bless them. that's what we call a ful full-throated endorsement, tyler. >> that is a lovely full-throated endorsement if ever i heard one. >>> where do we stand on a vote? is a vote coming later today or what? >> we expect they will vote today. and the question is where does it go from there? we're seeing some interesting fracturing here on the republican

i'm eamon javers in washington where the white house has just announced ed ahead of today's deadlinesident barack obama over the weekend signed up for obama care via the d.c. health care exchange. the white house said the president is like 85% of americans and gets his health care coverage provided by his employer, in the case of all presidents the military. his signing up is largely symbolic but the white house said the president selected the bronze package in his adventures on the obama care website over the weekend. >> all right. hope it wept well for him. thank you. >> listen to some music folks. ♪ >> the dance of the sugar plum fairy, the nut cracker. christmas is almost here. instead of the land of the misfit toys cnbc focuses on the land of the mis fit stocks. dominic chu here to take us on a tour. >> not only the voice but the music gotten me in the mood. if you a watched "rudolph the red nosed reindeer" you know about the misfit toys. stocks that have been cast out of their indexes companies like jc penney, the department store cast out of the s&p on december 2nd. the stock

let's get straight to eamon javers at the white house. >> hi. we expect to hear from him at the top of 2:00 but the press conference doesn't begin until the president walks into the room. so he can't really be late for this thing. it doesn't begin until he gets there. he's going to be talking about a whole range of issues. i think we've got to put this in prospect iive. his whole numbers are under water. approval rate is lower than disapproval rate. that is the position that presidents don't want to be. the whole question for the obama administration going into 2014 now they appear to have gotten at least the worse of the bad piece of the healthcare.gov rollout behind them is how can they start to turn that around. where can they take opportunities to take advantage of this sort of mini-era of good feelings that we have in washington with the bipartisan budget deal that's gone through over the past week and a little bit of the thawing of the tensions of the two political party toss get some progress early into next year. that's a big unanswered

eamon javers joins us with more on this christmas eve move. >> hi kelly.last-minute healthcare.gov shoppers. the administration saying that folks will have an additional 24 hours to go out and purchase health care on the website, federal websites. and just within the past few minutes, kelly, administration put out new data saying as of 2 p.m. today, they've had about 850,000 visits to healthcare.gov. that crush of traffic is one reason why they say they really wanted to give this extension to make sure that everybody who's trying to sign up for today's deadline, has a chance to actually do it and can get health care that goes into place by january 1 st kelly. >> eamon, is is there an indication as to whether or not the website is actually coping with all that volume? >> they say it is coping with the volume. they say the volume they've gotten now is five times higher than it was the previous monday. they say they've had to implement some of the procedures that they have in place for when it has more than 60,000 concurrent visitors to the website. a lot of

eamon javers, what are for?this is a blockbuster meeting of some of the top technology investor at the white house. a white house official telling us they'll be meeting on two of the most contentious subject this is white house has to deal with. both healthcare.gov website will come up in this conversation with president obama and also these national security disclosures from edward snowden. that's been such a tricky topic for some of these executives in the technology space to work with. so the white house saying they want to pick these executives' brains and they also want to, apparently, take their temperature a little bit on the nsa disclosures and where all that is going. >> do you know who is all involved? >> a stunning list here. tim cook of apple, marissa mayor of yahoo, sheryl sandberg of facebook, randall stevenson of at&t and on and on. there's about a dozen or so ceos and top executives on this list. it's going to be a big high-power group at the white house tomorrow. >> i wonder to what extent the r

our eamon javers is in washington with the details. good morning, eamon. >> reporter: good morning.billion in sequester cuts, eliminate those cuts, replace them with $8 5 billion in longer term cuts elsewhere in the federal budget and hope to achieve $23 million in net savings. the problem for some conservatives is it replaces short-term cuts with long-term cuts, meaning they're going to increase long-term spending. paul ryan, one of the architects of the deal, said if you want to have any kind of deal in this town, you got to have one that's imperfect. take a listen. >> as a conservative, i deal with the situation as it exists. i deal with the way things are, not necessarily the way things i want them to be. >> now that puts paul ryan at odds with other conservatives like marco rubio on the senate side of the capital building who said he's not going to support this deal. democrats are grumbling that this doesn't do things they want like extend unemployment and other thunings there's a lot of things to like for and a lot not to like for others. that's why they're calling this a comp

white house this morning for a meeting with president obama, including dick cook, costolo and eamon javerst they're discussing. >> we're expecting the ceos at 10:45 this morning. the white house is billing this event as a dual-pronged meeting to discuss both white house.gov, the troubled web site for health care and also the nsa spying issues and some of those disclosures from leaker edward snowden. one of the keey questions will e will the ceos be able to present some kind of united front to the obama administration and to the president himself who will be in this meeting. that's an open question. these companies are not necessarily monolithic in their outlook on how they want to handle the spying issue. will the president get a specific ask of any kind from these companies. a number of them do want the united states government to free them up to actually release more information about how often they're turning over data on their customers to u.s. government and u.s. intelligence agencies. that's at big question going in. we're going to wait for the ceos as they arrive and we'll see if th