(car doors opening and closing) ma'am... we're looking for trent faber. he's not here.we have some questions about his business partner, roger lansing. trent doesn't have a business partner. is something wrong? mr. lansing was found murdered this morning. oh. well, trent left very early this morning for work. and that was to his office on flagler? yes. he's a stockbroker? yes. is trent okay? mom, i'm going to be late. let's go. i'm sorry, i'm running late, and i have to drop her off. can i have trent call you tonight when he gets home? i need to speak to him right now, ma'am. (dialing) (phone line ringing through) (phone ringing) hello? kyle? dad, is that you? kyle, where are you? i'm in autopsy. who's kyle? okay. whose phone is this? roger lansing, the victim. caine: kyle, don't move a muscle and stay right where you are. is that not trent? what's going on? mrs. faber, is this your husband? oh, my god, that's trent. caine: we know him as roger lansing, ma'am. i-i... i don't un-understand. could we come inside, please? i thought dr. price instructed you not to tamper wi

david faber says it's fraud.he brought the story to us first at 8:30 and he will have meg whitman joining him on "squawk on the street" later this morning. that dow component down by 10.9%. we'll see where it continues to trade. we'll take a quick break. when we come back caesar's gary loveman takes a gamble on "squawk." stick around. , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. [ 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. can i stil

the accounting scandal broken by our own david faber.e'll join me with what happens next at the troubled technology giant. >>> also ahead, no deal on a cease fire yet. we will get a front line report on the talks between israel and hamas militants. >>> also with us, bank of israel governor stan fischer gives his assessment of the financial impact of the latest conflict. why the rest of the world and the usa needs to monitor this. don't miss my interview with stan fischer coming up. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >> welcome back. >> looks like a beat on the bottom line. reporting at 33 cents. a penny better than expectations. revenues were higher as

. >>> david faber breaking a huge story on "squawk box."hewlett-packard admitting that a british company called auto any brought last year blind its finances that resulted in a massive write-down and the shares, you see them now, down 11 1/2% at $11777. david faber now with more from new york city. david? >> that's tyler. hewlett-packard reporting earnings this morning, that was not the focus for investors, the company alleging it was defrauded by autonomy to the tune of $5.3 billion when it bought that company in october of 2011 for $11.1 billion. that 5.3 part of an overall part of an 8.8 billion write-down related to that autonomy acquisition. certainly not a good one. now you it was last may that an insider, a senior insider from autonomy, spoke up, essential lay whistleblower inside hp and said, hey, you know what, now that management has gone,ing me whitman just fired the management of autonomy, now they are gone, i want to alert you to some accounting improprieties, revenue recognition issues and an investigation ensued. what did the

brian is off today but we have david faber sitting in the chair. thank you very much. >>> let's get straight to nbc's jim maceda live in cairo. jim, tell us the very latest on this cease-fire which we believe is kicking off right now. >> reporter: right. right now. 9:00 p.m. my time, 2:00 p.m. eastern on this day eight of the conflict. u.s. secretary of state hillary clinton announced about an hour ago that a truce had been reached between israel and hamas. so starting now, israel stops all military action in gaza, including those targeted killings. palestinians, on the other hand, will stop launching rockets on israel and border attacks on israeli troops. but there is no signed agreement. this is very important. instead, israel and hamas have agreed on an understanding, a kind of exchange of quiet for quiet, if you will, which will be the first phase. that will be followed by a second phase of intense negotiations. those will be anchored and supported and guaranteed by egypt and the united states to try to resolve the key demands on both sides. th

>> i was talking to my friend mike faber -- i mean david faber. mike faber's the guy from homeland. he said jimmy, have you checked out the tesla? my take is tesla didn't go down because romney lost but i need earnings. i've got enough problems with the companies that have big earnings, big dividends, i don't need to go into the speculative mode right now. please be careful. with the fiscal cliff looming the early bird is not catching the worm right now. it's just getting crushed. okay? the fiscal clifford, yes -- fiscal clifford, the big red ink dog is going to crush the early birds. it's too late to sell for most stocks already, though. well, let's say for a lot of them. and it's right to start legging in on the ones that worked last time. recession-resistant and the already back to higher yield stocks. "mad money" will be right back. >> announcer: coming up, party planning. >> surprise! >> announcer: when quarterly reports take the street by surprise, investors can be the ones receiving gifts. tonight, cramer's celebrating two retailers that left the market awestruck after earnin

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but did you just hear faber, faber is faber, but he said 50% all assets down around the world before it's all said and done. >> i don't subscribe to that but i'm not an economist. there are good quality companies selling at very reasonable prices that have terrific earning, cleaned up their balance sheets. >> but if you were going to sell something and there were tax implications, before the end of the year might be a good time to sell. >> if you're a higher income earner, you're probably -- >> even dividends. >> do you recommend people get out of heavy dividend stocks? >> no, no, dividend paying stocks are one of the most resilient ways to be invested over a full market period of time. >> and those are not -- that's been the story the past -- >> you have to take a look at the individual opportunities. you all were talking about jcpenney before. probably not a stock that you want to be buying over a long period of time. there are great companies out there with terrific balance sheets and good earnings. >> do you have people -- have you advised people to maybe keep a little more cash

david faber broke the news earlier this morning. roughly 23% premium for jeffries shareholders. >>> let's talk apple and htc announcing a patent settlement. specific terms were not disclosed. the deal ends one of the first major conflicts of the smartphone wars. we'll see what happens if they can ever get a deal with samsung. quick check on the markets we'll open up with green arrows after what seemed to be a wild week. dow would open up higher as would the s&p 500 and the nasdaq. let's go across the pond to see what happened in asia overnight, hang seng up at 45.92 and shanghai composite up, nikkei and korea is down. ftse is up, cac down and the nasdaq up. i don't know what we'll make of that. >>> our guest host today is david zaslav, president and ceo of discovery communications. david you've talked about how people have moved away from broadcast and cable in particular, discovery has really been able to make the most of that by creating the special nichz for them, places where they want to go, men want to see one thing, women wan

i'm melissa lee with carl quintanilla, jim cramer and david faber live from the new york stock exchange. let's get straight to our top story. a bombshell involving hewlett packard sending stocks down sharply. david broke the story. he has details. >> hewlett packard out with quarterly earnings this morning but the real story is part of that earnings release allegation the company was the victim of a massive fraud when i purchased a u.k. company, $11.1 billion deal that closed in october of last year. hp has taken 8.8 billion write-down on autonomy and 5 billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by hewlett packard. in other words, it's fraud. after autonomy's founder and ceo michael lynch was fired by meg whitman, sources close to the company tell me a senior executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. hp began an investigation and concluded that these accounting improprieties inflated the value by $5.3 billion. the ceo

the story broken here on cnbc by david faber earlier. >> this has been a really newsy day for a holiday shortened week. i'm bill griffeth. let's show you the markets, how they've been trading here. it will be pretty evident when ben baernanke made that comment that the fed doesn't have the tools to deal with the economy should we go off the fiscal cliff. down it went. we were down 94 points on the dow on the low of the session. now off that low, down 39 at 12,756. nasdaq's lower. apple is also lower today after that monster 7% plus rally yesterday. it's down about a percent right now. the nasdaq down 8-plus points. the s&p is down 3 at 1383. >> not a lot of news from the bernanke lunch except this. the federal chairman warning that if the economy does go off the fiscal cliff, he can't help. he has no more tools. take a listen. >> we can certainly have a meaningful contribution to supporting recovery, but in particular, in the worst case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the eco

thank you very much, david faber here. a lot more on the general markets. the dow almost recovering its losses. back in a minute. well, in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. like the transatlantic cable that connected continents. and the panama canal that made our world a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all

david faber joins us with john donahoe.e'll find out how mobile is changing the way merchants approach the holiday season. >> wait until you hear from priceline's president and ceo, jeffrey boyd, the day after the company announced it's buying kayak software for 29% premium. a cnbc exclusive ahead. >>> it looks like we have the beginning of what could be a turn-around in the markets. that happened in the last 15 minutes or so. technology, financials and energy turn into the green. consumer discretionary, still await on overall market, down 0.4% with retailers and home markets a drag. so far all arrows up so far. >> biggest names in tech are gathering in napa valley. jpmorgan's annual ceo technology summit. david faber is there with an exclusive interview of the ebay ceo. >> john donahoe is here with us. we can still see our breath. it's cold in the napa valley but nice to see the sun coming up. nice to have you here. not far from san jose, where headquarters is. many credit you with the significant turn-around, particularly

first marc faber and then doug kass and then jeffrey gundlach. now he's known as the bond king at least. that's what baron called him. he's had huge stock calls as well, including the fall of bank of america. what's he doing with apple right now. jeffrey gundlach is the ceo and founder of doubleline capital, an asset management firm that's raised $50 million in three years. you're short apple. at what level and where are you going to? >> well i basically recommend to investors, get out of apple. and aggressive investors might think about shorting apple when it was about 610. way back in late april of this year. and it went down at first and it went all the way up to 700. it hit 705 intraday. today dropping down to 505 on a $20 drop in the morning. i really think that apple is probably going to go higher in the short-term. >> i think all the markets are at major resistance or support levels in the case of apple and s&p, and likely due higher as we move forward in the next few weeks. i think the whole thing about tax selling. which one of the reaso

i'm anthony faber, a resident of soma. i looked at the pictures today. looks pretty nice but i'm worried about what's happened with the cac. they are supposed to be an advisory committee. you don't have to listen but you should at least give them enough information that they can give constructive and intelligent advice. that apparently hasn't happened. so i hope you will be, you know, bringing the cic into the loop and keep it in the loop. if we don't have a voice on this, i don't know, there are a lot of people who want this. we may not be listened to anyway. if you aren't going to listen to us websinger will oppose it. if you work with us, this might be a nice thing for the neighborhood. there is definite potential. we have to know what is going on. you guys didn't get the cac rolling fast enough so they could come and actually discuss it and take a vote and decide whether to go on. i hope that would be remedied in the future, thank you. >> thank you. next speaker. >> good afternoon, thank you for hearing me. i support the building at warrior stadium t

i'm melissa lee with carl quintanilla, david faber and jim cramer. we kick off the week better than we had seen last week. looking at a higher open across the board after the worse weekly losses with both indices closing below the 200-day moving average on friday. looking at the action over in europe, we are seeing small gains across the board. our road map starts on capitol hill where congress returns to work tomorrow as leaders prepare to meet with the president this week on the fiscal cliff. lawmakers over the weekend sound optimistic that a deal will be reached. how likely is that? >> jeffries gets bought in a $3.7 billion deal. leucadia is described as a mini berkshire hathaway. >> a war to see who will open earliest on black friday or on thanksgiving itself as it turns out. >> first up, after coming off the worst week for the markets in several months, wall street looking for signs the president and lawmakers can strike a deal on the cliff before the end of the year. on the sunday talk shows some expressed optimism that a deal could be struck.

when we come back, faber has breaking news on knight capital all morning long. the question is how close is the company to finding a buyer? plus the controversy surrounding hp and autonomy. another faber story. what does it mean for management? our boss of all segments is coming up. this december, remem- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. monarch of marketing analysis. with the ability to improve roi through seo all by cob. 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. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a compan

david faber, back to you. >> thank you very much, rick santelli.t to update a story we brought you a couple weeks back on the potential sale of advanced auto parts. the stock had risen fairly sharply after we first reported that the company had hired an investment bank to potentially sell itself and the most likely audience for that sale would be private equity. it was early in process when we reported it. it's still relatively early in the process. people familiar with a potential transaction and close to the talks tell me could still be a couple months before we see a potential deal. as you see, of course, advanced auto parts about $6 billion company. that being said, what i'm hearing is about three to four private equity firms are actively engaged in due diligence and investigating a likely bid. those suspects would be leonard green and so forth. a deal could require as muches a $2 billion equity check. 5.5 to 6 times leverage. the company still when you get up there with a premium on where it is right now, that's a big number. that could requir

i'm going to throw it to you, first of all, david faber. what did whitman have to say? >> of course, we learned this morning when we got earnings from hp, mandy, that the company was taking a $5.3 billion writedown as a result of what it called misrepresentation and the accounting of economiy, bart of an 8.8 billion write-down. she was not the ceo at the time, though she was on the board of directors. as i have been reporting much of the day and confirmed by the company since we first reported it, they got wind of potential improprieties from a senior executive at the autonomy unit back in may. commenced an investigation. here we are seven months later, preve preve presented a problem why this was the case. they had concerns before they were bought. here is what whitman had to say. >> after we announced the acquisition, a number of blogs that came to the fore about potential issues at autonomy. the former management team ran that to ground. came up with the conclusion there was nothing there often in a cutting-edge company like autoly, if will be rumors like this, but t

as he told cnbc's david faber -- >> i had really more money than a person could reasonably be expectedspend, assuming you fight hard and worked at it eight hours a day. >> now, get this, when the crisis hit mcafee's investments crashed. his $100 million became $4 million. he moved to belize to start new companies in transportation and pharmaceuticals. he told me in 2010 that belize was, quote, a dream country from entrepreneurs since there are really no regulations. police searched his compound and found multiple firearms and unlicensed pharmaceuticals. mcafee said the search was political. that may be the case with this latest situation. we'll see where this story takes us next. >> why is he being questioned in the murder of this person in belize? >> we don't know. what we do know is this person who was murdered may have been his neighbor. there was a previous -- some kind of charge or harassment allegation by this neighbor against mcafee. they did seem to have, according to police, a tense relationship leading up to this murder. that's all we know at this point. >> we'll keep followi

our david faber reporting earlier today that advanced auto parts was hiring blackstone to look into a potential sale of the company. hurricane sandy, there's been speculation for a week on these building companies. all of them up again today. absolutely remarkable. finally, maria, talk about great timing. guess who's going public tonight? restoration hardware. we need them. maria, it's a very, very small offering. i hear a little bit of a pop tomorrow. i'll be all over that in the morning. >> that's a great company. thanks very much, bob. appreciate it. we'll see you a little later. don't go anywhere. we're all over this big rally and much more on this busy edition of the "closing bell." stay with us. >>> coming up, markets on the move. good economic numbers, but will it carry over if the october jobs report brings bad news? we break it all down straight ahead. >>> plus, brewing profits. maria talks exclusively with starbucks ceo howard schultz about earnings and the effect sandy may have had on his company's supply chain. >>> and insuring stability. aig chief robert benmosche joins m

faber glass, the police say that -- better evacuate. the water is coming down fast. >> reporter: we took a quick drive around the neighborhood today. those cars that were caked in the mud yesterday were not seeing that today. they did a good job of clearing out some of the streets. the pipe that was installed that broke that was actually installed 78 years ago according to the water department. they are saying in their opinion probably just broke because it was old. reporting live in daly city, christie smith, "today in the bay." >>> new this morning, fire fighter is injured after flames went through a home overnight. people inside the house woke up to the smell of smoke at 12:30 this morning sherwood forest drive. when firefighters arrived they saw flames shooting through the roof. and from the attic. firefighters say it took them a long time to fight the fire because the home has a multilayer roof. one fire fighter suffered minor injuries. it is unclear how he was hurt. >>> one of the men arrested in connection with the vandalizing of

here's what he told cnbc's david faber in 2009. >> my life has turned around 180 degrees down here. mentioned the freedom here. there are virtually no regulations on business. and that can be a bad thing or a good thing. for me, it's a good thing, because i think i have a heart and a social conscience. >> mcafee has not round calls or e-mails, we will be sure, sue, to keep you updated on this very bizarre story. back to you, tyler. >> indeed. >> l i will take it sue. >>> we talk about the fiscal cliff here at cnbc, but how can you protect yourself if the government leaders drive us off the edge? we are talking tax protection when we come back. and the new version of active vision record break "call of duty black ops" goes on sale. the amount of money involved, are video games eclipsing hollywood and their block busters? tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800

>> kudos to david faber for breaking the story.reat story really because i think they've got a very interesting mix of stocks. it's also interesting that richard handler's going to be the guy that runs this thing with the other two guys kind of moving to the sidelines. i like that. >> sherwin. popping 6%. >> october 25th earnings comes out. latin american sales down 4%. they've said here's our focus, on north america. today they go out, they pick up 3,300 stores in mexico. stay long, use a $140 stock on sherwin. >> the newest installment in the james bond saga knocked them dead at the box office over the weekend. sold tickets galore. this weekend raking in nearly $90 million in sales, making it the most successful debut ever for a bond film. >> you know who went to high school with him? s simon hobbs. those bricks stick together, baby. >> simon hobbs could be the next -- >> maybe we'll give him a different letter. >>> coming up on "power," is the u.s. about to surpass saudi arabia in oil production? the experts say yes. how will it

this company -- david faber, not here today, i always say ulta is the key.y keep the market powered higher. great same store. a lot of people have been worried. cfo resigned not that long ago. a lot of shorts have been saying must be something wrong. i don't know. looks like no. >> interesting. >> the guy just was a personality fit. you tend to believe it when you see this. >> amazing chart. you are looking at oil services companies. >> halliburton, the pressure on pressure pumping pricing has been horrendous. today at goldman they say it's getting better. i find it surprising. you know what? stock has been a real dog. >> wells also makes a call on marathons, right? >> we got some marathon oil, murphy, conoco. oil stocks are very cheap. people just think that they do nothing anymore. i think they are safety. they are safe stocks. >> last trading day of the month. after the break we'll talk about what some of the big winners and losers have been. >> when we come back, the new year is coming soon. how do you make it a profitable one? stay tuned for an exclusiv

>>> david faber joins us now.te people on the knight securities bidding, because we did get a bid that came in from getco. right behind me, usually you can see the post here at the nyse, bidding $3.50 a share. a two-step process that will ultimately result in shareholders of knight getting $1.75 in cash and a new company share of the combination of getco and knight. they say overall, it would have about a $3.50 book value. they do the merger in tonight first and then they distribute cash to shareholders, as well. now, this of course, will compete with what we expect to be a bid, andrew, controlled by silver lake that could be an all cash offer. perhaps a simpler offer. we'll see if it comes in around the same value. again, $3.50, knight shares have been moving up since the journal reported last week that it was in play. it was unclear whether it would be for a unit or not. now there are bids for the entire company. this coming out in a 13d from getco, which is a significant shareholder in the preferred offering th

i'm carl quintanilla with melis melissa, jim cramer, david faber. some green arrows on the dow.tocks haven't had a three-day winning streak since october 17 as they really do wonder what the end result is going to be after the polls close. as for europe, some pmi numbers coming out. a lot of the negative but some argue not deteriorating as quickly as they have been in recent months and quarters. road map this morning is a long trip from new hampshire to hawaii as americans vote today. markets awaiting the results. bear in mind, 30 million americans have already cast their ballots of early voting. how does that change today's dynamics? >> gm gets 11 billion $11 billi credit lines a sign it may buy back shares from the government. nissan and suzuki see big impact. >> tens of thousands of beginning a strike ahead of a critical vote tomorrow. >>> americans are gearing up for one of the closest presidential elections in recent history. much of the nation already voting. polls in colorado, new mexico, utah, wyoming and nebraska are opening now. one example of how close the election ma

jim cramer, david faber standing by and gentlemen, we've been talking about the election this morningheard us talking about your calls on this. >> of course i heard. i thank jack welch for saying i'm a good investor and jack is dead right on regulation and natural gas. i wish one of these candidates believed that because i think he's right. i think the swing states go obama and that's how i come up with that, i think a couple other obama surprises which is why i thinkby ma could win big. when you say these things you think it's political but i don't see the surge people keep saying for romney. if i saw it then i certainly wouldn't be thinking it's going to be a big win for obama. >> would it surprise you though personally i look at it and i don't think anything would necessarily surprise me this time around. i have a tough time trying to get a real feel for what's happening. >> i keep going over the states everyone says are really close. we came back from ohio two weeks ago, just don't feel that ohio is that close. i feel ohio is an obama state. i feel pennsylvania, some people say pe

it's december. 200 rockets be fired from -- >> so are you calling for a faber style -- >> he scared me, too. i don't want to be left with 50% of what i have now. do you? >> not at all. but maybe that's a good reason not to by in. >> there's nowhere to hide. >> all the people selling now and going into treasuries. if ire worried we go over the fiscal cliff and we get our ratings downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's 39.6%. i do think 250 is the line. >> i don't think we're 35% and trying to find deductions anymore. >> the house was 55% stayed republican. so they have the same claim that their constituents elected them to hold the line on this. i saw comments from dave camp that this game that he keeps playing with, i've go

. >> i'm faber. >> thank you. >> i think you ought to back off that investigation. >> i'm standing down now. >> i know. i'm sorry. i'm sorry. i'm sorry. >> let's check in with bob pisani here on the floor with more on what's moving this morning. >> happy wednesday morning. so my e-mail was full of chagrin traders with we got word president obama was looking for 1.26 trillion in tax issues over the next decade. that's twice the number he had been talking about last summer in negotiations. the early signs are positions are getting hard. there's still a lot of hope they can make this deal here. most traders noted the real negotiations begin on friday because that's when the president meets with congressional leaders and not just business leaders like today or labor leaders like yesterday. we'll see on all of that. china, a lot of comments on china this morning. political transition is now largely over and they got through it and now a lot of people are saying where's the stimulus ideas? where's the concept. the stock market is doing nothing right now. they are sitting at 3 1/2-year lows. n

i'm melissa lee with carl quintanilla, jim cramer and david faber. stocks

i'm carl quintanilla with melissa lee, jim faber, jim cramer at the new york stock exchange.ally on our hands. whether that's about continued reaction to the meeting between the white house and congressional leaders on friday, maybe some hopes about finance ministers in april or hopes about what bernanke may say say tomorrow in new york. europe also on a tear. most of the major averages up 1% to 2% here as we await a big week in europe as well. we start with the markets. new optimism about the cliff. president obama in myanmar saying he's confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. >> lowe's shares on better than expected earnings. the results renewing hopes this morning about the housing recovery. >> international pressure mounts for israel and gaza to agree to a cease-fire after a weekend of air strikes leave a dozen dead and hundreds injured. brent continues to climb with gold going higher. >> the president and congress will strike a deal to restore the fiscal cliff. over the weekend in asia, the president said he's con

i'm carl caquintanilla with melissa lee and david faber. not just the 171,000 for the month but positive revisions we'll talk about in a moment. a busy day in europe as well as we start to talk more about the big events that will happen with the eurozone, both central banks and the greek government that starts next week. >>> our road map starts with the jobs number that beats even the highest expectation on the street. 171,000 is the number with another 84,000 in revisions higher for the past two months. unemployment ticks up to 7.9% as the participation rate rises. is the number really as good as it looks? >> the death toll from sandy now stands at 94 as more than 3 million homes still without power now facing colder weather, gas lines stretch for miles and controversy surrounding new york's decision to hold the marathon this sunday. >>> the ipad mini on sale but lines are shorter than expected. we're live at apple stores for the reaction. >>> and starbucks, same store sales up 7% well above expectations. what is howard schultz doing that

i was going to say, faber, you got anything? i figure you would give me there will be a merger.tter if we're in the middle of election day you're still talking about business, right? you got anything for me today? >> we got a lot of earnings this morning. we got in my old area we have dish and directv and discovery, of course. charter, cable vision. we'll talk about those on the show today. >> i know that's what i would get. how about you, jim? you're purple all the time. today more than ever. >> i was out kicking off the fun drive as a favor to my friend. what a remarkable job you have done. you never talk about your charity. that's the way it should be done. i have to say that bucknell is a fabulous school and i was thrilled to participate in the fun run. >> thank you for saying that, jim. bucknell is one of the most significant reasons i've had the life i've had since i graduated. i'm grateful for the fact that i went there and i would have been there that night with you, jim, but i was on the way to the hospital with pneumonia. >> i'm sorry. >> i'm alive and kicking. it's fi

i'm carl quintanilla live with jim cramer and david faber. cooling its heels today after a big run-up on friday that took us up above 13,000 barely on the dow. europe taking stock of spanish elections over the weekend waiting to see if they can agree on the bailout for greece. we start with black friday shopping weekend. numbers look out as we kick off cyber-monday. which retailers crushed it and which ones were crushed? >>> if you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. we'll discuss the potential impact as they meet in brussels right now. >> a big day for analyst upgrades. research in motion, facebook, yahoo! we'll go over those and see why citi needs three analysts to initiate coverage of apple. we'll begin with retail sales picture from this past weekend. 139 million consumers shopped during black friday weekend. that's up from 132 million last year. total spending up to 59.1 billion to 54.4 a year ago. average holiday shopper spe

james faber who understand the importance of speaking about h.i.v. and aids. he urged churches to put h.i.v. and aaids wayer -- awareness at the hoferte their sermons. he's drawn national acclaim from the national black leadership on aids. i also commend the test tampa bay campaign, an initiative designed to intensify h.i.v. education and awareness. ms. castor: test tampa aims to increase the number of tampa residents who know their h.i.v. status by encouraging h.i.v. testing. finally i would like to voice my strong support for h.r. 138 ending the h.i.v. -- ending the hiv-aids epidemic. we must remain committed to ending the hiv-aids epidemic. the speaker pro tempore: for what purpose does the gentleman from utah seek recognition? mr. larson: i ask unanimous consent -- mr. bishop: i ask unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: the gentleman is recognized. mr. bishop: i stand today to honor one of the best examples of a dedicated teacher, margaret olbray, a teacher in hiram, utah. she has d