s. let's see what is going to happen. we will start at 7:30 in the morning tomorrow. tomorrow will be quiet. we do not expect any precipitation. new year's eve, there will be an impulse coming through. this is right at midnight. this model is forecasting sprinkles. there is a chance we could see a shower new year's eve. new year's day, there will be a stronger system passing south. some models get baltimore into the precipitation. we will put a chance in four rain or snow on new year's day. the forecast tonight, mostly clear and cold. temperatures will drop into the low 20's. tomorrow, in extra sunshine and cause. the high temperature between 40 and 45. the 7-day forecast taking us into the new year. a slight chance for a shower on new year's eve and new year's day. it does not look like a big deal. another chance on thursday. things will be quiet and cold going into the weekend. >> it had its moments. it was an interesting chance to watch the backups play the game. we saw some do some very good things. we will check on that and hear about the next opponent in the pla

let's go to fox 5's gwen tolbart. >> rain, clouds and plenty of fog. we're still dealing with some of that. today's highs 52 degrees at reagan national airport, 53 at dulles and 50 at bwi thurgood marshall. this hour we've got 49 degrees at d.c., the same at quantico, 48 at dulles, a little cooler at frederick 43 degrees, 43 at hagerstown, martinsburg and baltimore at 46. we've got a couple frontal systems, one to the south, one to the east, but still lingering showers over calvert and anne arundel, st. mary's. down to the south and to the north as well. this is just going to pop up here and there moving into the course of tonight and as we look at our weather map, this is where we do have a fog advisory that continues to even hit areas through the d.c. region all the way to hagerstown and down to the south. calvert, st. mary's, anne arundel, all these areas seeing visibility greatly reduced. this will be through till 9:00 tomorrow morning. realize that as you do your morning commute tomorrow you'll have reduced visibility. so this system will head nor

s >> absolutely. so. let me go back. so here this diagram, the red dots are the tree removals and the green dots are the new tree plantings. i can also direct you to the exhibit. >> if you could address the concern that the removals are located in the area that are not part of the subject of the seqa? >> the tree removals are surrounding the project, and those were all considered within the environmental review. the e-mail submitted, which i provided, i think, it is... turnover here, to 13. within exhibit 12, the planning department reviewed the trees planned for removal. discussed the number of removals up to 61 and in the end we are removing 58. and then, they clarified in an e-mail which is exhibit 13, that their analysis still stands based on the fact that some of the work would be and a portion of the natural areas, but the analysis still was complete and still stands. >> so some of the trees that are, you know, proposed to be removed under the permit are in the natural areas? >> yes. the edge of the hillside here i

let's go back to s&p futures. y levin, does it look like it is going to trade down or up tomorrow morning? >> it looks like we will be up a little bit, certainly off of the lows that we saw below the 1400 level david. but i would watch that 1400 level tomorrow. only about 10 points away from it. it is in play in we drop a little bit overnight. 1400 level to watch tomorrow. david: thank you larry. shibani: let's head back to the floor of the new york stock exchange where we find nicole tracking the stocks. nicole: a lot of the retailers came under pressure today. there's no doubt. take a look at the shares. but it is lower today thanks to a note from citigroup, the analyst says that there were a lot of discounts on the michael kors products and accessories and that they were even more so than black friday. that doesn't bode well for margins and revenue. as a result citigroup lowered their price target on michael kors to $60 from $68. they did maintain the buy. there's no doubt that michael kors remains a hot brand,

let me go ahead. good we give the real thing for the black. and more s n one a nice final words but let's go and ask the best so is it possible that this virus causes an entire story that was on c n d c is it possible that this mustang ranch was is just out of luck like your explainer or in that your brand to protect all or is just doing so well during this economic tell i'm well the fact that we were told as you saw the sichuan is seven languages and forty no country does well but you know we do the job in the you're just sour grapes i've bought six places that all think work they do they want to sell their clothes are buying sell what is it about your business that makes it recession proof. well it to preclude the wrote in its look or gave you in six years this is recession proof this is not top of that i've got to admit and that's why i believe that buying up is other brothels because they're all going out of business it's tough to know but if you do it right if you run a quality operation we have beautiful girls but for us so that your about their cl

within one week it was the high of the s&p. >> let's go to stephanie link before we bring in the professorde if any of you are getting an "a" on this pone. >> i think the fed will continue to keep rates low because we're only growing gdp at 2.7%. we're looking at the fiscal cliff and austerity and he's doing what he can just to keep this thing afloat and to not go back into a recession. i think rates stay low for an extended period of time. i don't know if we get to 6.5% next year or in two years from now, but that's not -- it's not going to be like all of a sudden we get to 6.5 and bam, he lifts -- he stops what he's doing. i think that they're going to take into account a lot of what's going on in the economy. and we'd better see some pickup in a lot of different fronts for them to actually stop these programs. >> liesman's here. he's typing away as each of you were giving the answer. so who's right, steve? the market seems to be perplexed here because the stock market sold off during the news conference that you were at. and got your three questions in, by the way, i think at the top. a

go away. we want to check back in with you to see the s&p futures. dave: let's bring the market panel, steve sax, shares head of capital markets and john buckingham commack asset management chief investment officer. good to see you both. 2012 has been a lot better than anybody thought it would be 12 months ago. is there any chance that 2013 for all the naysayers could turn out to be a good year? >> that is precisely it. there are a lot of naysayers and pessimism. the fiscal cliff is a big issue and we have to get through it but once you resolve that, federal reserve is forecasting economic growth in 2.3 to 3% range next year. that is a favorable environment for equities especially given where we are in the interest rate cycle given the strength of corporate balance sheets and corporate profits. i think investors should be taking advantage of any sell-offs like we are selling today by adding to their equity exposure. liz: excellent point. if you look at some of the names that pullback today that have done pretty well, for example gap stores, a lot of these names

go there as a way to ha tax reform, probably better for them. tracy: let's talk about tax reform in general, a we ever going to s this?e only way tdo it is to jump the book and start all over. >> we have been pushing for that for a long while now, but will t happen. president obama is talking about basically how tax reform would raise taxes on the middle class going back to the campaign for tax plan would raise the taxes. it is not going to happen. we have libels like "theew york times" rally around certai tax form saying no and will not touc that. they did not want tax reform co it will not happen. tracy: we have not heard a word about that coming up in 21 days. >> busy expiration on the payroll tax cut, all of those extenders, this is all comg to a head. there's a lot of progress in washington right n, sot best talkg with dealing with the bush era policies and the rest is pushed even further into 2013. tracy: eve the extenders probably will get punted for a year or extended for a year. so here we are again this time next year we wwll have the same conversation. >> that is just how it goes forward. we have to acc acc

. >> let's go right to cbs 5's paul dana. >> it's been lit up like a christmas tree so to speak.f history right here. look at the rain fall here moving east towards sacramento and central valley and we are looking at the rain fall continuing for a while. here is a look at what we have going on right now with the live radar. we'll zoom into a couple of spots. we have a few breaks here, right over the city of san francisco. sitting over bait but not over the land mass. oakland, you are getting rainfall. lafayette, heavy rainfall for you, concord, pleasant hill. san ramon, alamo, we are getting a little bit of a break along 101 along santa rosa. a little bit of a break from the rainfall. computer forecast model predicting how much rain we see. another 346 inches of rainfall for those of you watching in pleasanton and san francisco, nearly an inch in san raphael. all of this rain really beginning to add up. i just added up the latest totals. sfo, we had more than 5 1/2. last december through christmas, 1.2. if you are a skier, you love. this another 8 to 16 inches of snow at our skir

the question at this point is, what impact could going over the cliff have on the u.s.'s credit rating. let'san egan from egan-jones, he's on the phone tonight. if we go over the cliff, i'm assuming the credit rating agencies, other than yours, the others ones, there's a certain amount of time during which they can review the ratings and then decide. it's not an automatic thing. >> that is correct. the first step is to put it under review. then there will be an assessment of how badly we go over the cliff and also whether there will be any reform on titlements. the deficit has been improving. the federal deficit has improved over the last couple quarters. >> so is it the case that perhaps because the economy has done better that perhaps that would save us from a credit rating downgrade even if we go over the cliff? >> i don't expect another downgrade from the other rating firms. the next step would be putting it on negative watch. all three major credit rating firms have a negative outlook. the next step is a negative watch and then a downgrade. we don't expect that to happen. especially if t

s headquarters so how much longer are we going to let corporate america get away with this deadly number crunching when g.m. is immoral cost benefit analysis was exposed a los angeles jury awarded victims of the exploding gas tanks and a mind boggling four point nine billion dollars civil verdict back in one thousand nine hundred ninety more than a decade later when b.p.'s corporate malfeasance behind the gulf oil spill was exposed a corporation was hit by the biggest criminal fine in the history of the company four point five billion not only that b.p. was barred from the e.p.a. from receiving any new federal contracts and barred by the department of interior receiving any new leases to drill for oil in public lands. in response to this latest factory fire in bangladesh we should be demanding similar punishments for wal-mart if b.p. is banned from drilling any new holes in the ground to suck up oil for its role in killing eleven human beings and wal-mart should be banned from opening up any new stores in the united states for its role in the death of one hundred twelve bangladeshis. sin

let's go to fox 5's gwen tolbart. how strong were they out there, gwen? >> reporter: we had record at reagan national airport, dulles as well as baltimore were in excess of 40 to 45 miles per hour, reaching up to 51, actually, at dulles. there are some areas that maybe we didn't get reporting stations from yet. we'll have some update on that, but those winds are definitely strong. these are official numbers that came in just prior to the 5:00 hour. here is a look at current wind gusts now, still vety strong, from 17 to 32 miles per hour. they're going to start to diminish and that's good news. we'll have light wind as we move into the overnight hours. temperatures, 40 degrees at reagan. 37 at dulles. i want to say that those winds today gave a significant wind chill and only felt like it was in the low 20s in many of our neighborhoods. skies not too bad. we had a few clouds. we are looking mostly clear through the course of the night. mostly clear, will be cold. the winds will improve, 32 degrees for the low and light winds is the good news for sunday and

s. >> let's go to kron 4 urs will tran who is on southbound highway 13. >> we are getting closer to finishing last of the tree and they should leave here about 1015 or 1030. they started sweeping the ground to make sure all the debris was gone. this happened about a 45 a morning and with all the heavy rain is saturated the ground have cost history to tumble. the roots of this tree is clearly expose. there were no cars underneath when the tree fell. you could say that this truck driver and i was able to use the shoulder to get past. >> we will be right back as kron 4 news continues. >> welcome back. it is 9:56 a.m.. you can finally see that on the golden gate bridge all the lanes are open and the traffic is moving. while you are moving on the bridge at getting there from the marin county is still a right. do not be fooled just because the traffic is moving on the bridge. the drive to the bridge this indicating that a stop and all traffic. >> walnut creek as 680 south bound is also bumper to bumper. also the traffic is at a standstill. the 80 and san jose is bumper-to- bumper. >> as far as to r

s so what's behind the selloff? let go ahead and start with you. lot of people points to tack selling as the culprit? >> this is tax selling, this is profit taking. you -- when you saw today when the revised gdp number came out and we saw that the safety or the play on that was kind of washing away, they accelerating got stronger. >> we've broken through some really key levels. what's the next stop for silver? >> well, silver broke the average just below 31 at 30.98, this is going to be a follower. if you're trading silver, you got to -- the lower we go i think there's going to be more selling pressure through today and possibly tomorrow. what i'm looking for here in silver specifically is if we close on the low and until we close above that 200-day moving average, which is going to be resistance, i this i we prets lower. >> if you had to own either silver or gold, which one would you pick? >> jackie, if we survive the mayan prediction tom, no doubt about it, i'd -- >> log on and vote in our poll. we'll give you those results on our show today at 1

let's go back down to the cme to see how s&p futures are closing right now with tim. ahead, tim. >> yeah. closing on the high of the day. you know, real lackluster, holiday-like session ahead of tomorrow, and that's really been the flavor of the past, you know, week or so. so until we get some of this important news we're waiting for, we're probably going to continue on this path. on the highs, i don't think they're worried about the report tomorrow because of hurricane sandy, so i think, you know, we have a bit still, but we'll see happens. davvd: good to see you, tim mulholland, appreciate it. liz: shares of yelp are dropping today. we need to hear this from nicole petallides at the new york stock exchange. >> reporter: this reads like a book. this is something really interesting. a woman had some work done, she was in virginia, had some work done by a contractor, and she was not happy. as a result, she wrote a report on yell m and also on angie's list basically saying that the guy didn't do do good job. in turn, she's being sued for nearly a million dollars for def

s this afternoon. partly sunny. i slid a sprinkle possible. let's go to jacqui for the extended forecast. >> can't wait to seeing where you will be tomorrow for another holiday display. >> the clouds, fog if you speak -- sprinkled a lease through midmorning and then clearing this afternoon. blustery, highs and upper 50's much coler seven-day forecast after a second cold front comes through thursday. it has been a rough commute. jamie, the latest? >> into the 7:00 hour, the all clear 66 eastbound, the accident between fair oaks and 123 clear but jammed at manassas. maryland away, everything on the left shoulder outer loop bethesda but a six-mile backup out of college park. back to you. >> great heads up on the commit. that will do it for "good morning washington" this morning. "good morning america of" is next. >> for

go to the market and find one. i not know exactly the apron of the maid of valencia in the 1960's. housewife, sorry. not a mate. it is not abstract, let's say. but specific in the color, which is absolutely inspiring and fabulous to go into the story. the movie was the cook, the thief, that one -- with helen merrin, who is absolutely fabulous -- helen mirren, fabulous actress. he showed me some painting of rembrandt and said, "uc that? could you do the in modern, in today? and i said i will try. yes, but it is part of the job. so i tried. i worked with a dutch artistic director, and i get to work with him. he was very specific and fabulous man. also, they were very specific about the color. in reality, they asked me because the color is a little like

go to the market and find one. i not know exactly the apron of the maid of valencia in the 1960's. housewife, sorry. not a mate. it is not abstract, let's say. but specific in the color, which is absolutely inspiring and fabulous to go into the story. the movie was the cook, the thief, that one -- with helen merrin, who is absolutely fabulous -- helen mirren, fabulous actress. he showed me some painting of rembrandt and said, "uc that? could you do the in modern, in today? and i said i will try. yes, but it is part of the job. so i tried. i worked with a dutch artistic director, and i get to work with him. he was very specific and fabulous man. also, they were very specific about the color. in reality, they asked me because the color is a little like in the spirit. it is something in common. i was flattered to do that, but it is beautiful to see how much they are -- our work, our demand is to make a beautiful movie. i should not be able to do anything. i never thought about it, but when people ask me, you have to be so clever. >> tom ford made a movie, so why not you? >> because my brain is not that sure. you have to think about so many

go to the market and find one. i not know exactly the apron of the maid of valencia in the 1960's. housewife, sorry. not a mate. it is not abstract, let's say. but specific in the color, which is absolutely inspiring and fabulous to go into the story. the movie was the cook, the thief, that one -- with helen merrin, who is absolutely fabulous -- helen mirren, fabulous actress. he showed me some painting of rembrandt and said, "uc that? could you do the in modern, in today? and i said i will try. yes, but it is part of the job. yes, but it is part of the job. so i tr

go to the market and find one. i not know exactly the apron of the maid of valencia in the 1960's. housewife, sorry. not a mate. it is not abstract, let's say. but specific in the color, which is absolutely inspiring and fabulous to go into the story. the movie was the cook, the thief, that one -- with helen

let's see. but that painful to fuful tox s going to be tough to get over, but the name bill clinton comes to mind when you look at successful politicians remaking themselves. >> katon dawson, south carolina, appreciate it so much. see you at the silver dollar in charleston, my friend. >> absolutely, thank you, luke. >>> next, brand new information about what house republicans will be doing tomorrow. >>> plus, the bitter battle of president obama's second-term cabinet. you don't even have to be a nominee to be scoured these days. politico briefing is next, jake sherman, don't want to miss that. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> the president cannot -- this white house cannot continue to float trial balloons and then not have them shot down. the president can't get perceived to being rolled by opponents. the problem that chu

dave: s&p futures closing right now. let's gothe cme group and chicago and see what is happening now. the we have any indication whether we higher or lower monday morning? >> which of the couple points since we closed the cash market and it is more or less than the market feels nothing good or bad is going to happen over this weekend. things are on the sidelines, outlook for an opening on monday. dave: have a great weekend. thank you very much. the clock to the deadline for solving the nation's fiscal crisis is winding down, the house and senate are not in session. liz: john boehner met with president obama at the white house but he has left town as well. rich edson sticking around joining us from washington. we know that the tragedy, the war going on in connecticut is taking the president's attention at the moment. >> the president's attention and members of congress and they're not even in town. there was a meeting at the white house, president obama, john boehner met for 50 minutes and aids say they accomplish as much as they

other way to approach this is to continue this and let them go through their unit pa2 count verification process and then see the results ofzw.nn-c%st. >> we've required thatdc completed2c:s it we approve a(j(/ rehearing? >> vice president fung: or we"4! could just continuezecz this particular request. >> is that the way to!ck%lñ go? >>n& we can grant the rehearing and at#í'z4qs point of the rehearingmspcx' we could condition having this process taken#onns place. that would be radio hearing. >> i think i would prefer to have a substantive rehearing. i think that would be theféj6# q procedure here. especially since i -- at least i wasn't present. i mean i did watch the video but=nn yyou do gain some benefit from hearing?c arguments,i pañ and= Áhearing both sides on aí so i would prefer thatrbú. and so i would move to grant the rehearing request%.nnañ÷ basedh +h!÷/f::88Ñ on that there may bew !u manifest injustice based on the testimony here today, andd&9k÷ that we set1w6 hearing, i guesso%( i"ñ. >> so we need?c!,b to pick a hearingló9k,w: p &c"p% right now,íj[ñ we are scheduling7=::>[t andpjp$f appeals that comecj-1Ñ thezjple office

oppooenns at the heritage one step closer to a nnnny s state.eeness istookk heritage foundation:"why don't we go ho- dictate our behavior,,let'st and ssy that'' what they're trying to do."ken ulman, howard co. executive:"we're ot meddling. all we're doing is saying when you step foot on a county propprty, when you want to go a county vending machinn in aa couuty builling, we are going ulman acted wiihout a vote " from county council, drawing criticism.kee ulman, oward co. eeecuttve:"i'm the countt execctive nd i have the authorittyto lead by example, and this is an important issue right way to go."the democrat - who has hinted at a 20-14 run for governor says ii is no different from refusing to ernest istook, eritage foundation:"they don't have to sell cupcakes or toilet tissue. i mean there'' lots of things hhy don't hhve to sell, but the ppont here is when they say the reason for disquuliffing something is because they are trying to dictaae human behavior, then you're running into another realm entirely..reporter on cam: "gone from vending machines is regular coca cola-- withh240 calories... you can still get coke... only po

let go of that, we have a deal. >> so, again, going back to that original point s. there any way that you see negotiation going where tax rates rise on the wealthy and the republicans say, okay? it's hard to imagine given what the president campaigned on and it was the one singular thing that he repeated again and again and again on the campaign trail, jim, that he was not going to let this stand, that taxes had to go up on the wealthy. is there any way you see him backing down from that? >> well, the president's been very clear that he's not going to back down on that. the republicans have been very clear that they are not going to back down on that. so someone is bluffing her or neither of them is bluffing and we're going to go off the cliff. i think it's likely -- there are a lot of scenarios here in which you can see a deal come to pass that actually works for the economy and works to resolve the debt down the line. maybe that means raising marginal rates a little bit but not all the way up to the expiration of the tax cuts to go back to the clinton era rates fo

s&p up 2. nasdaq down 23. let's gonew york, where alexis christoforous has tonight's cbs money watch update. >> reporter: stocks rallied as corporate news overshadowed concerns about the fiscal cliff. citigroup plans to cut 11,000 jobs as the bank's new ceo looks to save money. the cuts amount to about 4% of siti's -- sity's -- citi's work group. and it includes closing some branches. u.s. companies added fewer workers in november. bartly because super storm sandy shut down many businesses. including factories and retailers. they will get a better picture of the job market friday. shares of apple fell as much as 4% after a research firm raised its outlook of sales for tablet computers, pointing to strong demand from ipad rivals, from amazon, google and samsung. >>> and nokia's stock rallied,a -- after they launched a new version of the smart phone for the chinese market. >>> and another starbucks may be opening near you. the world's biggest coffee chain plans to add 150 stores over the u.s. over the next five years bri

going to take. we came down to 1401 today on the s&p, held it and rallied up 17 handles on that. let the market dictate where it's going to go. the price is truth. it's going to go whichever way, just follow the market. >> to weiss' point, though, he said a lot of institutions may have been asleep for the past month. what we have seen, perhaps, is a rotation to international markets. we've seen international markets hit multiyear highs. hong kong, the dax and germany. zblf and there's no question that a lot of people are rotating into europe, we discussed that yesterday. sky bridge, our research team believes in the european restructuring story, the bank deleveraging story. some of us have to be fully invested, which sky bridge is. but we happen to have lower correlation relative to the overall markets because of what michael is saying, this uncertainty. headline uncertainty right now make s this a short-term coin toss and nobody likes that. over the long pull, i'm very optimistic. is there going to get a deal done? and i think that will all go well for the markets. and so to be posi

s&p up 16. nasdaq is up 44 . >>> let's go to new york where alexus has tonight's cbs money watch updates. >> law makers try to close in on a budget deal to stop the u.s. from going over the fiscal cliff. home buildings haven't felt this confident in 6.5 years just before the housing bubble burst. a trade group says buildings are enjoying the best market since the housing boom. friday's mass shooting at a connecticut elementary school has one sporting good chain suspending sales of rifles nationwide. dick's sporting good is removing all guns on display. the gunman used a military style rifle in the shootings. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles the multi million dollar

let's take a look. dow is up 15. s&p is up just a fraction. and the nasdaq is up 9. >>> let's go to new york, where alexis christoforous has tonight's cbs money watch update of the. >> stocks were modestly higher to start the week on wall street. but investors were cautioning. and italy's prime minister, mario monty, resigned. wall street is expecting the worst bonus season since the financial crisis of 2008. the average bonus will decline 16 1/2% from last year, to just over $100,000. and about one in five wall street workers won't get a bonus at all, as banks and investment firms continue to struggle in a tough economy. sales at mcdonald's rose in november, as u.s. brought more breakfast items and its new cheddar bacon onion sandwiches. drivers are getting some relief at the gas pump. according to the lundberg survey, a gallon of regular unleaded costs average. $3.46 nationwide. and retailers are acquiring holiday help in record numbers. retailers a added, 465,500 seasonal workers in november as they wrap up for the holidays. that's barely surpasses a previous record set in 200

s today. going back to the '40's during the day tomorrow. nothing terribly barberry clucking about the chill. watched this thing. this is saturday afternoon. letone more model. by tuesday next week. looking at the wind. there would be towards tuesday of next week. there's a very active pattern here. he will keep you posted on how things are developing. mostly cloudy today and some flurries. nothing expecting to accumulate a 10th of an inch or more. i'd 34. the gun to a string of 43 days. not the kind of whether the kit you thinking about a white christmas or snow. if we do not break that record weak and may go ahead and break the other record. we will already have broken the record for the most amount of days without measurable rain. this is a crazy weather regime. time for today's trivia. on this is day in 1931 which american woman became a co- recipient of the nobel peace i love how clean and healthy my mouth is right now. i wish i could keep it this way. [ male announcer ] now you can. with the crest pro-health clinical line. used together, they help keep your teeth 97% as clean as a dental cleaning. the toothpaste actually reduces plaque.

s expected. a slight chance of rain as the go towards saturday and sunday. letook outside of the satellite and radar. as we take a wider view. towards the north it is starting to edge towards northern california. how quickly this cloud coverage moves in is really going to have an effect on how cold temperatures are going to be for the overnight hours. the computer model is pinpointing by 5:30 as soon as those clouds there will halt. i think that temperatures will be into the 30's but also freezing. first, let us talk about the rain fall. it is just skirting the coast. a chance of rainfall a the san mateo coast. i would keep the umbrella handy. there is a chance that we could see some sprinkles. it does not look like we could see some precipitation however there chaf snowfall. let us take a look of the current temperatures. 30's and '40's it is difficult to believe that we're not going to get into the 30's for the overnight hours it is so heavy right now the question is that it will it be freezing like santa rosa? i think that it well. temperatures in the 20s in

david: the s&p futures are closed right now. let's gok to the cme group to find out if we have a clue into what will have an opening tomorrow. what do you see? >> a pretty ugly clothes. a key reversal closing almost at our lows of the day. take profits and look for a spot to get short, that is the trade. liz: thank you. david: thank you, todd. liz: shares getting a boost today. let's head back to nicole on the floor. did they hold a boost? nicole: they did well today. some tough talks about revenue, commitment to numbers and what we should expect to see in 2013. take a look at the stock, 3.2% today. increasing revenue and profit next year. they have the ceo talking, the investor conference, a commitment to the numbers for next year and say they want to hit low double-digit operating as growth on average over time looking for collaboration. this is aetna working yet. back to you. liz: nicole, we will see you later. it is a game of he said she said on capitol hill. trading words in any progress or lack thereof on the looming fiscal cliff.

s this afternoon. luckily, we don't have much of a breeze. let's gojamee whitten for the commute. >> let's go to virginia 395 where there's a change for the better. everything to the shoulder. 3 95 northbound at landmark, far right shoulder, nothing remains blocked. -- 345. but at edsall road there is volume. -- 395 northbound at landmark, the far right should shoulder remains blocked. and there's a tractor-trailer on its side on the beltway after 270. after the rush hour with the cranes will get a tractor- trailer back up on its wheels. expect heavier than normal at traffic in bethesda. back to you. >> thank you. the first family will throw the switch on the national christmas tree in 12 hours. the tradition dates back to president calvin coolidge. neil patrick harris will be hosted a ceremony which features performances from babyface and james taylor and others. jummy olabanji will be hosting pre-show activities. >> she is working alive desk. -- the live desk. >> the ravens and the redskins will play this weekend. howard county's executive is a balt

s&p up 5. nasdaq up 16. let's go to new york, where alexis christoforous has tonight's cbs money watch update. >> stocks barely budged higher before friday's monthly jobs report. new figures show the number of people applying for unemployment fell to 323,000. suggesting companies are doing some modest hiring. a gnaw survey -- new survey found foreclosed homes accounted for 19% of all home sales this summer. buyers paid 32% less for a home in foreclosure. republicans say more needs to be done to shore up the finances. a recent audit shows the agency faces more than $16 billion in losses and may require a taxpayer bailout. the fha has sustained big losses from defaults on home mortgages. apple's ceo says the company will produce one of its existing lines of mac computers in the u.s. next year. the company will spend $100 million to ship from china. apple began making the computer in the u.s. but began outsourcing in the mid'90s. and parent company with t- mobile reached a new deal with apple. t-mobile had been the lone

david: s&p futures are closing right now. let's go back to the cme group. larry as we ended the trading day, we saw a little drop off. did that continue into the futures? >> it did. we see a little bit of drop-off in the futures. keep in mind, front and center is the fiscal cliff. people are squaring their positions, going home so they can sleep at night. traders are really looking at things underneath the seat cushions other than the fiscal cliff. they are looking at hey there's no hard landing in china. europe didn't fall off the map. the u.s. didn't go into recession. we didn't have worldwide food inflation. maybe there's a reason to be constructively bullish on this market. liz: wasn't 1442 supposed to be that support level? >> it is a support level. below that though 1430. that is a key level. i think people are squaring up because hey, we don't know what will happen overnight, but by in large, the market is pricing in that something will get accomplished, but hey, if i was standing in that pit right now, i'd go home flat as well but you'd never know.

let me go back to one. s come up time and time again. if you make $250,000 a year filing jointly, your at the lower rate. the $100 or anything above -- guest: it is just what ever you make above the $250,000. that is the marginal tax rate. the highest rate will be the 39%. host: for those individuals, what should they prepare for? guest: they could prepare to pay more, or if they have control over where they get their income, they can say pay me now rather than later. they can push it into this year to get a lower rate. again, that as soon as so many of our tax payers are wage earners, they do not have the ability to do that. the paycheck comes when the paycheck comes. you are really looking at it and saying i do not have any control over the situation. that is one of the fallout from all of the uncertainty. tax payers seeing this makes them feel like the world has gone nuts and nobody is thinking about their lives and the decisions they have to make. that erodes confidence in the tax system and leads to noncompliance. host: frank is joi

go i relate to n.g.o.'s who know more about it than i ever could. >> let's go to this gentleman right here. ok. we're going to take a few more. >> i look at the u.s. state department reports on human trafficking. it's going in every country in the world from a to z. they talk about the transportation of men, women, and children. specifically they talk about the sex trade. so do you have some kind of break down of percentage of women, the percentage of that type of sex slavery versus labor or production or whatever? and is sex slavery a lost cause? >> ok, two very different questions. the first one, yes, do have a break down. it was in the charts in terms of people who were trafficking for sex -- i forget my own numbers. it is kind of like 55/40, 60/ 45 something like that. it is in my book as well. based on my sampling and that is globally. so region to region the numbers could fluctuate quite a bit from there. is sex slavery a lost cause? i assume you men by trying to tackle it. i don't think so. look, to her point about gender, this is an a fight that has been fought for centuries, empowermen

. >> let us check-in with john to.janu >> this is a gorgeous check outside, we are still hover, see 30's 38 degrees curley and concord. as we go for next hour, widespread 40's. this afternoon, low 50s. for those headed out to widespread 40's and let us take a look at tomorrow and another cold night 20's and 30's. santa rosa, napa, upper 20s. 29 degrees in fairfield. 31 degrees in concord. several areas below freezing. frost in the and the valleys. inland. 50s and the santa rosa, 50 degrees in antioch 51 and concord, pleasanton and 57 if you're going to lake tahoe? clouds in the sun. taking a look of the overnight lows with the single digits. it is going to be chilly. your kron 4 7 day around the bay we could see some chances of light rain with dry on wednesday. another chance of showers on thursday. >> 2012 is going into his through the summer unforgettable images. here is a look at the big stories. (music) >> this is baffling. (suspensful music) >> at 3:the 55 with the houston was pronounced dead. with a houston was found in his bathtub with the door of virus. >> tired of being trapped in myself. >> the high school teacher to

s. retailer, utility. bingo. that's perfect. that's what we want to see. let's go to ob in pennsylvania.> caller: hey, jim, big booyah from harvard town, pa. >> i got relatives there. what's shaking? >> caller: not much. how you doing? >> my index finger is killing me. >> caller: i go back to the kudlow cramer days with you when i was a novice investor. and all your knowledge that you pass onto us i became a pretty good investor. thank you. >> oh, you're terrific. philadelphia. we're going to stick together. we're going to defeat bengals. that's a whole another topic >> caller: you ready for my big five? >> you bet i am. >> diagio, deo, disney pif, express scrips, pxrx. jpmorgan, jpm, and matrix sme and prx. am i diversified with this portfolio, jim? >> all right, mr. harvard town let's get on this. let's see. we have an oil and gas services company with matrix. we've got a diversified entertainment company they think is going to go right back to 52 with disney. we have a spirits company with diageo. jpmorgan one of the best banks. jamie diamond -- express scrips which is a health care c

going on today. not much. there is an election or so i'm told. >> we have been giving s. aechlt little bit of a hard time. >> there's consequences. >> okay. >> let's see it. >> only going to happen once. >> this is beautiful. >> oh my gosh. >> beautiful. >> s.e. cupp reporting on the convention but i think maybe possibly finding a little time for fund -- >> i had some bourbon, yes. boy blount, they were all there. sounds like a raging good time. >> people will be watching for the doubling down, walking back. >> walking back. >> and change -- >> we won't know why they voted for who they voted for until they tell us. >> really? >> really? >> really? >> really? what's this have to do with voting? oh, they're going somewhere. >> s.e. cupp, anything to add? >> no, rachel. i'm happy to listen and smile. i believe the term is gloating. >> i appreciated her chair dance because i do do that. >> how do you get the awesome jobs? >> i'm there. i'm completely in. are you blushing? >> inside i'm about to faint. >> we got down to business. the business of duck hunting. you can see i'm in love with this already. i killed this pretty bad, this -- >> multiple gunsh

. >>> well, let's go over to wall street where the dow closed at 13,169 after adding 14 points yesterday. s was up a fraction. nasdaq gained 8. overseas, the nikkei lost 8 points but in hong kong, the hang sang rose 47. >>> well, this morning, an apology and an impressive find for a british banking giant. hsbc will pay a record $1.9 billion to settle a u.s. criminal probe alleging the firm ignored red flags about money laundering for years. today the bank admitted to a breakdown of controls. >>> meanwhile, standard chartered is shelling and selling out a smaller but still significant sum of $327 million for violating u.s. saks sancti against iran, sudan, and two other countries. >>> the u.s. treasury is selling its remaining stake in aig for just under $8 billion. that ends the era of government ownership. >>> on the street, hp, the dow's worst performer shot up on rumors that activist investor carl icahn is building a stake in the pc maker. meanwhile mcdonald's gave blue chips a boost in better than expected sales. apple and google have reportedly combined their competing bids for a bundle

s shape. >> i don't like it. imuncomfortable, the whole keep track of it. new york city just let it go. >>> ladies, the guy you're seeing in this video is floyd hayes. floyd needs to find himself some work. he says he's the former creative director. now he's a freelance creative consultant. basically according to him he develops ideas to help sell your stuff. right now looks like floyd is just sitting in the bar having himself a guinness here. he calls this my seasonal video 2012. description, 'tis the season for agencies to send out holiday videos in a thinly veiled attempt to get your business. here is my attempt. >> it doesn't really look like he's trying very hard. >> well, his attempt, a little bummed out, board. he needs some work. but the thing is, in the past he's had some pretty legit clients. if you look on floyd's website he's worked for a lot of big named clients. now that he's working for himself, things aren't as busy for floyd, so this video is his sort of holiday card to people out there looking for somebody who would be a creative consultant to say, please, please gete