>> hail to the chi >> larry: good evening, larry beil. breaking news is in san mateo where evacuations are underway at this hour. volatile materials were found in the 400 block of parrot drive. the substances are being disposed of there is no danger to the community but they want nearby residents to shelter in place. we'll have more information and later tonight over on channel 7 at 11:00. >> south bay freeway that turned into a crime scene. authorities walked along the roadway looking for evidence after a driver reported his car was riddled by bullets near the steechblts creek interchange. it forced investigators to shut down highway 85 for more than an hour. the driver of the car a marine corps officer was able to pull into the parking lot. sky7hd shows three bullet holes in a government ironed pontiac along with two shattered windows. he called 911 to report the shooting. that triggered a massive response by the highway patrol and santa clara sheriff's office the southbound lanes were shut down while a swarm of deputies combed the shou

i'm larry kudlow. the republicans may make another compromise with their latest counter offer on the fiscal cliff. not as many spending cuts as they originally wanted and slight entitlement reform. the white house has just reject this offer out of hand and once again it solely is because it doesn't raise tax rates on the rich. when is obama going to rise above that obsession? when will he lose that over rich people and tax rates? i don't know. tonight, i'm is going to try to call his bluff. anyway, also breaking tonight, potential catastrophe if syria uses its chemical weapons. president obama issues a stern warning to syria and i quote the world is watching. and there will be consequences if syria uses these wmds. have we just committed ourselves to another war? and the gun control debate is squarely back in the spotlight tonight after the murder/suicide by nfl player in kansas city, second amendment instead of blaming the sick people who use them. republicans have responded to a fiscal cliff counter

i'm larry kudlow, your old pal. there won't be spending cuts, entitlement cuts. >> every economist -- simpson, bowles say it has to be balanced, have revenue increases and spending cuts. you can't cut your way to prosperity nor can you solve the problem with revenues. everyone agrees the president and i believe speaker baner that it has to be a balanced approach. i do believe that the american public certainly supports the middle class tax cuts. that would be a nice, good holiday present to americans. >> and they have the polls that show that. >> 98% of america would be affected by this. >> i don't favor it. but politics are politics. i get it. the election spoke clearly. the american people spoke clearly. many republicans are signing letters that it has to be a balanced approach and they have walked away from the no new taxes pledge and said they would support a balanced approach. >> i understand, dave, that this is not the reagan supply side conservative position. i'm not jumping up and down about this. meeting th

jonas max ferris and larry glazier, welcome to everybody. and larry, you say delay it? >> that'right, that's right, brenda, given the choice between the loss of millions of jobs in a deep and severe recession or delayg a deal in hopes of getting meaningful spending cuts in washington, the kind of spending that would cut the 4 billion dollars worth of additional spending every day, that's the long-term not the short-term torevent being back in this place a year from now and that's going to g the country back on its feet. >> don'tet excited. i know gary b will as well. and short-term uncertainty. it's been long-term and we've been going through this for years a wasngton in the doing anything. what does that do to the economic recovery? >> i think you see it with the stock market, brenda, everything is pretty much frozen. look, you cannot pic up a paper, a paper or lk on the internet and see fiscal crisis. everyone now is focused on it and i don't care if you're inside the beltway or outside the beltway. and it does a couple of things, if we don't get past this deadline an

it took just three hours to convict larry hall.secutor beaumont believed this was just the tip of the iceberg. he felt certain hall was a serial killer, and now he had to find a way to prove it. so he began investigating trisha reitler's abduction, a case that wasn't his and a family he didn't even know. >> i can't imagine sending my daughter off to school and never seeing her again. >> he came up with an outside-the-box scheme to get hall, which would risk the life of that charismatic convict he had just put away for dealing drugs: jimmy keane. >> what happens when i got to deal with all these crazy killers and stuff? what if i get shanked? what if i get killed? am i going to survive this? >>> coming up, a get out of jail free card with a price. >> they had your back. >> they had my back. >> at least, >>> people typically don't admit murder, sexual assaults and murderers to police officers unless they have probably done it. so it was clear, we felt, he was responsible for the trisha reitler disappearance. >> she had just a zest fo

larry? >> many thanks.n top of the susan rice story, we are also learning tonight that retired nebraska republican senator chuck hagel is reportedly on president obama's very short list for secretary of defense. to talk about that now, my great pal john bachelor. chuck hagel going to the defense department. what does that mean to you? >> chuck hagel represents the republican party. therefore there is plenty of tradition for a president to choose from the other party. franklin de franklin roosevelt did it very successful. the question here is does chuck hagel have anything that could trouble the nomination process? i'm told there is, larry. he's been in private business for some. and participating with deutsche bank could be a problem because of deutsche bank's under suspicion relationship with iran and with money laundering. nothing hard yet, larry, but just those questions came up in the last hours. >> i am also reading that when senator hagel was senator hagel, that he -- let's just say never really suppo

i'm larry kudlow. this is "the kudlow report." so the blame game over the fiscal cliff grew a bit louder today with the president playing part of the anti-santa. going so far as to say he's keeping a list of congressmen. that sounds like an enemy's list to me. we're going to talk some more about that. >>> the president also saying if the republicans can't compromise, the holiday season might be an unhappy one. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> and the republicans they say that the democratic offer is not a serious one. check it out. >> let's not kid ourselves. >> so where do we go from here? and the business world itself is waiting to see if we drive off the cliff. they're taking action right away. deals are being done to sell companies. stocks, homes, dividends, almost anything to avoid a big tax wallop after the first of the year. you see, folks, as i've said for so long, taxes do matter. later on we're going to tell you exactly why. first up the president place santa c

i am larry kudlow. one week after the devastating school shooting in newtown, connecticut, left 26 people dead, the national rifle association is breaking its silence. the gun rights group is calling on congress to put armed guards at every school. it's a very interesting development. actually, we could bring in -- let's go right to nbc's danielle lee. she's going to join us with the nra details. good evening, danielle. >> reporter: larry, good evening. after a week long talk about gun control and protecting our children, the situation isn't fewer guns, but more of them on camp campus. the nra's leader blamed the media for a culture of violence. and also accused the country of failing to protect our children by not putting police on every campus with guns. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> even supporters of the nra called the organization out of touch with america. lawmakers and top educators fired back. they say any solution also needs to include gun contro

>> you are going to see them reassert themselves larry.hey don't have the senate and the white house. so in this period between now and 2016 where are republicans going to make their mark? scott walker paved the way. this is the story. the public and private sector union battle. they start to revolutionize their message. >> many thanks. here now to talk more about the fiscal cliff and michigan. jack bernstein. and kate obenshane. author of divider in chief. you know, kate. i think jarod should think about how strong this right to work law is passing michigan. that is the union wonderland. the country is running against the unions. studieow the right to work states outperform the other states. i think we are looking at different studies. i think kate said this is something that -- defamation of unions. it gives the worker the kind of choice. that is the thing. it is the mill of the union leaders pocketing off of the workers and the undue influence and the rising cost of government. this is recognition that we have to get control over out-of

i'm larry kudlow. this is "the kudlow report." president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons,

jonas max ferris and susan and larry. okay, larry, no deal on taxes and debt scrooging holiday sales and the economy? >> that's right, brenda, you know, i don't want to be the grinch here, but in a word we are scrooged. >> the grinch! >> very, very optimistic expectations and an outlook for retail sales that was very rosie and those optimistic expectations have faded as we've gotten closer and closer tthe end of the year with no fiscal cliff deal in sight. and as a result, consumer sentiment is falling off a cliff, just like the fiscal cliff we're going to fall off so we've got a problem on our hands and couldn't happen at a worse time and today, super saturday, the second busiest day of the year. >> brenda: well, a lot of retailers are saving the big discounts until right at christmas and after. if consumers know that, maybe they're waiting, too? >> that's right. a lot of us are procrastinators and haven't started our shopping and a ways to go. you retail holiday season ends on january 31st, not december 31st or december

how about a round of applause for larry? thank you larry. bringing in our dancers. (drums). good to see you. our southern and northern dancers. welcome ladies. welcome. followed by our jingle "dancing with dancers. welcoming our dancers as well. our northern traditional dancers followed by our grass dancers. how about a big round for applause for all ours dancers? good to see you. (drums). going over to our group over here. flag song. please. long before the national anthem composed by francis scott key the 50 people that this land. >> >> the first people that this land had these fight songs, national anthems for these tribes, paying homage to the first flag of this land, the eagle staff. remembering our veterans as well, the warriors whether going to battle or returning from battle paying homage to their service, paying homage to this flag. always honored our veterans, our warriors. (chanting) (spiritual chanting). remember our fallen veterans and those still in battle. going into a victory song. here we go. everybody dance. (drums). go dancing rocking san francisco city ha

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[cheers and applause] >> thanks larry. well, larry mentioned this next gentleman that we need to hear from. here's the architect of this giants franchise in so many ways. here's the longest tenure manager in baseball. he brought his giants to the playoffs six times and five san francisco giants world -- pennants and upon general manager. please welcome brian saibian. >> >> thank you. i didn't think i would be nervous or emotional but i'm all of that right now. i want to thank the city of san francisco, dignitaries, lumnaries, the hall of famers, the ownership group, the coaching and training staff. today is ground hog day. we have the right to claim baseball heaven. this is the mecca of baseball, san francisco california. i think people forgot this team won 94 games in the regular season in a division that is probably as under rated as any division in sports. beat two excellent teams to win the national league and go on to detroit and unfortunately with detroit with all due respect they didn't know what they were in for. [

hey, larry, what do you have for us? connecticut, where the first of the victims from the tragedy here were laid to rest today. this grieving town begins the process of saying good-bye, investigators continue their search for how and why it all happened here. i'll have more coming up. devastation of superstorm sandy, but wait until you hear about all the pork loaded into this $60 billion sandy relief bill. hardly any of it gets to sandy and the actual survivors. we'll get to all that. "the kudlow report" begins right now. >>> first up, 14 days and the clock is still running for a deal to prevent the nation's economy from falling off the tax and fiscal cliff. president obama, speaker boehner, they huddled at the white house today once again, but are we really any closer to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings betwee

>> absolutely, larry. one of the most important things we need to do is to do everything he can to take his too big to fail to stick it back in. frankly, the close kissing cousin of too big to fail is crony capitalism, which allows the slin dras of the world to be financed. and, you know, there's nothing here a good dose of premarket capitalism with a lot of transparency and some elements of personal responsibility couldn't bring us off a the vocal announces -- >> whether banks should pay for their own trade or not. banks trading for their own account. will you seek to enforce the so-called volcker rule, which would prevent them from training for their own account and staying away from the high risk? >> i think if you use the term enforce, we're not in the enforcement business. i don't see the compelling evidence where proprietary trading is number one related to the '08 crisis. you have to look to future crisis as well. this rule is so convoluted, so complex, that ultimately end users are going to be affe

once the game ends, larry, lincoln and will return with after the game. then abc programming: >> i was waiting for larry to tell us how much the nacho cheese sauce will cover. >> i love those. can you believe the sherry has been in the league 14 years and this is second appearance to play the raiders. amazing. >> especially with the way they like to mick everything up. >> -- like to mix everything up. >>> mist hangs in the air drizzle falls from the clouds, that's what we have because we had soap rain, visibility is good -- had so much rain, visibility is good. 900 feet clouds develop if you are driving in areas above 900 feet you may have to use wipers otherwise going to be a dry, dry day. live doppler to reinforce the fact that we have mist not drizzle we don't have radar returns on live doppler and we probably won't for the next 10 to 14 days extended period of dry weather coming our way right now dress for temperatures in the low to mid 50s not only here also monterey bay more mid to upper 50s milder in your neighborhoods foggy misty, that's how we st

i'm larry kudlow. this is "the kudlow report." a breaking story tonight with legal and financial consequences. the supreme court will rule on gay marriage. two separate cases scheduled for early next year. it's a social issue but also a big financial one. this will affect billions in federal and private benefit payments. >>> now to the really big financial story, the fiscal cliff. house speaker john boehner says president obama has wasted another week by not making a real proposal. meanwhile, republicans are divided and senator rand paul on this show last night may have made the most constructive proposal of all. >> i'm happy not to filibuster it. i will announce tonight on your show i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants. then they will be the party of high taxes and they can own it. >> all right. without that kind of republican strategic retreat, the december 31st deadline is not likely to be met. in today's jobs report it was positive and it beat t

larry, we will begin with you. how can you see this sorting out at the end of the day, a big deal, a little deal, no deal at all, what is the outcome? larry: the odds are pointing to a mini deal. expectations for a big deal are fading and fading quickly. it looks like it will be a mini deal with the tax extension will help those making under $250,000 per year and will not address the debt ceiling or spending or anything like that, it will be a patchwork of things that will make the market very nervous but given it is christmas eve, people are little bit negative but most christmas shopping. david: larry, round this time the irs issues its formal withholding guidance for the coming year. >> it'll be a bigger document than what we are used to because it will be giving guidance they are not sure even how to give guidance because they don't know what will happen. what i have been told by traders and people working in that industry is they will get guidelines assuming some sort of mini deal gets done. this is how you sh

i'm larry beil. dan ashley has the night off. >> i'm carolyn johnson. we have team coverage for you tonight. alan wang is live in sonoma county. sergio is in santa cruz county. >> we begin with meteorologist sandhya patel with a look at what's happening right now. sand -- sandhya? >> we have rain on live doppler hd. a flood warning was just issued, and we will talk about those in a moment. let's get to the live doppler 7hd. we have our own radar on mount saint helena and it is tracking moderate to heavy rain around the windsor area. sweetwater springs road. as you can see highway 101 here. as we head up, we are getting light to moderate rain there. this was worrisome because it will only get worse. and that is why a flood warning has been issued for the russian river until 6:00 p.m. on monday. the russian river and it is also under a flood warning. that is until 8:00 p.m. on sunday night. let me show you some of the other areas seeing showers in the north bay. around santa rosa light to moderate rate. the showers #r* quickly developing -- the showers ar

larry bought it for next to nothing. about it level seven you were never in a residential area winning wars at the surface in the ring beam that goes around this facility. twenty feet to the post. their concrete sarcophagus designed to resist nuclear attack. behind these three meter thick walls larry is going to build a totally self-sufficient complex. you're standing in what will be the hydroponics in the culture we're going to have stated the organic food in vegetables and fish when supplies will have at least five years of food for every person that's in here that's in addition to whatever we grow and burgers from the garden and the hydroponics and the fish farm. behind this pragmatic sounding argument larry is stressing the commercial potential of his project. there's a mechanical floor here there's a librarian classroom here there's a barn a lounge you know home theater level here then there are seven point two three four five six seven residential welders here's and to surf along and keep up to date with apocalypti

[cheers and applause] >> thanks larry. well, larry mentioned this next gentleman that we need to hear from. here's the architect of this giants franchise in so many ways. here's the longest tenure manager in baseball. he brought his giants to the playoffs six times and five san francisco giants world -- pennants and upon general manager. please welcome brian saibian. >> >> thank you. i didn't think i would be nervous or emotional but i'm all of that right now.

abc news continues tomorrow morning at 4:30. >> for larry legs biel and good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. >>> tonight on "nightline," holiday horror. there is chaos at a busy mall packed with christmas shoppers, where mass gunmen wearing camouflage enters and opens fire. we'll have the latest on this developing story. the british invasion. it is the most surprising of smash hits on american tv. >> exactly. >> to find out why, we go