that was rich edson life.s been focused on this all day and all might let's look at the markets and we see across-the-board in hong kong and in australia come investors seem to be more and more optimistic as the get closer to reaching a deal here. or at least getting a vote on a deal i should say. i want to bring in jared levy, the senior equities data just for zach investment research. jerrett i want to talk a little bit about how this will affect markets. a lot of the focus seems to be on the politics involved that one of the things we are looking at here is at least with the fiscal cliff with all of the bad things and there are plenty can say about it, the deficit, this proposal actually raises the deficit. is their expectation that markets may react negatively at least in long-term? >> i think markets are extremely efficient, and the key there the operative word is no. we know right now that we are not going over the fiscal cliff and at least we are getting tax relief for the middle class. we will not get

economy holding on for its your life depending on the fiscal cliff outcome. rich edson on capitol hill with the latest on if there will be a vote and the vice president getting involved once again. what is the latest? >> he will arrive sometime this evening because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch mcconnell. the framework of that, the tax portion is a done deal exempting income of $400,000 for individuals, $450,000 for married couples, families from a tax increase. it also puts the capital gains tax keeping it consistent to me to those rates for income above that capital gains tax goes to 20%. presley patches the minimum tax ensuring live we as americans dt have to pay the estate tax goes to 40% on all mounts of $5 million a one-year extension of long-term unemployment benefits as part of this. also what is known as the medicare doctors getting a pay cut every so often, congress goes back and fills it in, this involves that as well. >> is a vic the