what should a company like honeywell do? >> we're all going to try to make sure that we do our bit, but unless it's a huge amount of everybody doing the same thing, which we're unlikely to dork it's really not going to work. this is one of those things that seems to me needs to be driven by government, by the press. those are the places where people can start telling that story and it can become an inspiration. >> susie: a lot of the things we've been talking about here are long-term, structural changes, but what are some of the short-term fixes that will give a boost to the economy this year, next year? >> there's a very short-term aspect of energy policy that could be handled right away. if you could immediately have more drilling and have more availability of both oil and gas and drove gas prices down to $2 a gallon again, that's like a tax decrease for everybody who is living paycheck-to-paycheck. it just gives them more money to be able to spend on other stuff instead of spending the money overseas. that would be anothe

>> yeah, it happens. >> reporter: the honeywell c.e.o. got a closeup look at the capitol's bitter politics when the president appointed him to his commission on fiscal reform last year. you gained an insight into washington that a lot of business leaders don't have. what did that show you? >> (laughs) i said to those guys more than once-- because we had good people in that commission. i told them "i don't know how you get your job done down here." everything's ruled by what i called the three hs. hysteria, histrionics and hyperbole. they take what should be a logical discussion and make it ridiculous. >> reporter: cote says it's up to washington to set the tone that will make businesses confident confident enough to hire again. >> we just argue. >> reporter: cote sees the economy headed for slow growth, not a recession but says he can't afford to be wrong. >> pelley: what will it take to get david cote and others to start hiring again? >> reporter: cote says, and i've heard this from other business leaders. if congress could agree on a cl

s susie gharib talks about fixing the economy with honeywell chairman and c.e.o. david cote. >> tom: still ahead, tonight's market monitor guest is looking for stable earnings. randall eley of the edgar lomax company tells us what's in his portfolio now. greece will get $11 billion more to help it pay its bills. this latest money comes as the top financial officials in europe will be working this weekend looking for solutions to fix that continent's debt problems. beefing up your banking system and negotiating how big losses could be for owners of pregovernment bonds. nariman ba raf esch where is with us. from massachusetts. how about big are the stakes for these talks? >> never's huge in the sense that if they don't do something quickly and if they don't do it right in a sense then you could see a situation where you could see another financial panic, another financial crisis that could not only take europe down but could actually start to affect the u.s. as well. so the stakes are very high here. >> tom: but stakes have been high for the past year and a half. wh

of honeywell. a big recall for harley davidson. it wants to fix a switch problem on over 300,000 motorcycles. harley's worried the brake lights, and possibly even the rear brakes themselves, could fail. the models are involved in the recall, the touring, c.v.o. touring and trike vehicles from the 2009 to 2012 model years. so far, there's been just one crash reported from the issue. fedex is hiring 20,000 seasonal workers as it gears up for a busy holiday season. the shipping giant says it will handle 260 million packages between thanksgiving and christmas. that's a 12% jump over last year. and fedex thinks the busiest day for holiday shipping will be december 12, when it expects to move over 17 million packages-- almost double its normal load. and finally tonight, its expected to be a big seller this holiday season, and no its not an iphone-- but close. it's about the man who created the iphone. amazon.com today predicted the new biography of apple c.e.o. steve jobs will be its top seller for all of 2011. the biography, "steve jobs

we'll hear from general electric, honeywell, mcdonald's, schlumberger, and verizon. speaking of earnings, our market monitor guest thinks the prospects for stable quarterly results trump growth. he's randall eley, president of the edgar lomax company. >> suzanne: more than two million americans should have received education tax credits last year but didn't. a watchdog group says the mistake cost taxpayers more than $3 billion. a report out today finds those tax credits were awarded to people without social security numbers, people in jail, and went to some unable to prove they went college. the internal revenue service contests the findings, saying they're overstated and based on a flawed analysis. >> tom: speaking of tax breaks, the irs is increasing many to keep pace with inflation. the standard deduction will increase $300 to nearly $12,000 for married couples. head of households can claim an $8,700 deduction; that's an increase of $200. tax brackets will also edge higher. starting next year, a married couple earning over $70,000 would move from the 15% rate up t

the chairman and head of honeywell was the head of this. here is her book. "a new development for child education." all the titans of education say put your money in early learning. this is 1991. last spring, this spring, the united states chamber of commerce issued a new report. i ask you to read it. what does it say? we have to start focusing on early learning. maybe elementary education binls begins -- maybe elementary education begins at birth. that we have to rethink that elementary education really does begin at birth, and that too many kids start first grade, and they are way behind already, and many of them will never catch up. that's when the brain develops the most. we know that in these early years. again, we did some things in this bill to begin to focus more on early learning. i wish we could have done more, but we didn't. we reached compromises on this bill. i agree with the senator from pennsylvania. we have to focus more effort and energy and resources call that money. we will come back at 2:00, thinking 2:00 might stretch to 3:00. so we'll c

honeywell is better than expected. general electric is more in line.ave a better handle on costs in 2012. the dow is going to get a boost from mcdonald's, reporting better than expected sales growth. they've raised prices. this afternoon, the drama of the news court hacking scandal hits hollywood, rupert murdoch is going to face a jury for the first time. we'll see if they get a pie in the face this time. >> there's going to be a lot of cell phone video there. >>> "the daily rundown" will be back in 30 seconds. >>> other stories making headlines this morning. moammar gadhafi's expected to be buried today according to islamic law. members of the international criminal court are planning to look into the circumstance of gadhafi's death. in the united nation's human rights office is also calling for an investigation. >>> a biography about steve jobs is shedding new light on the apple co-founder. reports that in 2010, steve jobs told president obama that his administration neilded to be more friendly to business and warped him "you're headed for a one term

david cote, honeywell, these types of people. there's a conversation to be had about debt restructuring, on health improvement, education, all these things and it's resolving the debt that is really the barrier to doing that, and i think whether it's media pressure, whether it's protest pressure, whether it's corporate -- there are ceos saying, listen, we have to solve this because we are teed up for explosive growth and we're going nowhere in a pile of debt and i think the conversation about debt reduction, and we saw this in europe, where the proposition coming out of greece was what if we give you 40 cents on the dollar to the german banks? that's a different conversation than taxes and austerity. i'm not saying who knows what's going to happen, but it does feel, rob, like we're moving beyond taxes and austerity and into debt restructuring on the periphery of the conversation. >> to the extent that you can. saw the administration today release more details on what it want to do about student loans and trying to help people who

my father got a job in honeywell in minneapolis. about a year after we moved up to minnesota, my parents unfortunately got a divorce. there were the first in my family to have a divorce. it happens to millions of people, but it was the first in our family. it was shocking to people. we immediately almost overnight when to below poverty. my father had left my mother had been a full-time homemaker. it was myself and my three brothers. i want you to know god has a tremendous sense of humor. there is no place that is better politicsion for a than for a girl to grow up with three brothers. you learn how to defend yourself very quickly. my mother had to sell everything in our home. then we move to a tiny apartment in the city. and one thing i want to say -- is in god amazingly wonderful how he will often used challenges in your life and he will brilliantly disguised them as the opportunity for the greatest growth we could ever have and also as a pathway to come to him? there were difficult times and my mother had tremendous faith and she

my father got a job in honeywell in minneapolis. about a year after we moved up to minnesota, my parents unfortunately got a divorce. there were the first in my family to have a divorce. it happens to millions of people, but it was the first in our family. it was shocking to people. we immediately almost overnight when to below poverty. my father had left my mother had been a full-time homemaker. it was myself and my three brothers. i want you to know god has a tremendous sense of humor. there is no place that is better preparation for politics than for a girl to grow up with three brothers. you learn how to defend yourself very quickly. my mother had to sell everything in our home. then we move to a tiny apartment in the city. and one thing i want to say -- is in god amazingly wonderful how he will often used challenges in your life and he will brilliantly disguised them as the opportunity for the greatest growth we could ever have and also as a pathway to come to him? there were difficult times and my mother had tremendous faith a

donald bateman, honeywell, for developing and championing critical flight-safety sensors now used by aircraft worldwide, including ground-proximity warning systems and wind-shear detection systems. [applause] abbottabayvonne c. brill. [applause] the 2010 national medal of technology and innovation to yvonne c. brill, rca astro electronics, for innovation in rocket propulsion systems and geosynchronous and low earth orbit communication satellites, which greatly improved the effectiveness of space propulsion systems. [applause] michael f. tompsett. [applause] the 2010 national medal of technology and innovation to michael f. tompsett, theramanager, for pioneering work in materials and electronic technologies including the design and development of the first charge- coupled device imagers. [applause] >> well, let's, please, give one more big round of applause to the national medals of science, the national medals of technology and innovation. we are very proud of them. and i hope all the young people who are either watching or who are here today take inspiration from the extraordinary w

the ceo of honeywell was the head of this. here is there book. "the unfinished agenda." they said put your money in early learning. this is 1991. this spring the united states should chamber of commerce issued a new report. i ask you to read it. it's as we have to start focusing on early learning. that is 20 years after this report came out. i do believe -- i know elementary and secondary education, but maybe we need to rethink what elementary education is. the elementary education really does begin at birth and we should not separate it out as a child development thing here or head start here or something else, health and human services, education is in education, that we have to rethink that elementary education really does begin at birth. and that too many kids start kindergarten, maybe they do not have kindergarten, may be the start first grade and they are way behind already, and many of them will never catch up. that is when the brain develops the most. we know that, in these early years. again, we did some things in this bill to begin to focus more on early learni