mcdowell. how can the government in collaboration with other levels of government provide an equitable quality public education for all children pre-k through grade 12. we are fortunate here and have some of the finest schools anywhere. we have great universities, great public schools, trade schools and right here in city we have an excellent community college in northwestern which has helped to this community and so many of our young people move forward. we have great universities and superior, northern michigan university and right now they are training the entrepreneurs of the future for the jobs to people to compete globally. education has two goals. it should have the first to educate our children and the students to make sure they can compete globally in this economy and also we need to work with the community to help place the eskridge but when they get out of school so we can have jobs. right here in northern michigan they don't have to leave to go looking for work. the part of any educ

dagen: i am dagen mcdowell. connell: i am connell mcshane. tim weiner's call of duty, heading up to capitol hill to broker a debt deal. dagen: u.s. embassy closed in cairo amid protests, of bid muhamed morsi's power grab. connell: can you hear me now syndrome, wireless carriers are ranked on their performance. we will have the worst and the best. dagen: stocks now lend every 15 minutes, nicole petallides at stock exchange with economic news this morning. is that what is giving the market a lift? nicole: we have a lot going on here. we have jobless claims for the second week, that is good news, you saw growth in economy and in the last few moments we moved higher and we are positive for the week. when you check it out and industrials we are up 44 points and most of those names on the dow are in the green, names like hewlett-packard and caterpillar and bank of america and united healthcare doing well. the fiscal cliff headline after headline continues to be in the forefront and on everybody's mind that this is what we are seeing, a decent marke

this is a third of a size of mcdowell's army at first bull run and much smaller than the armies at places like gettysburg, and scott this only person with experience but he is too old to take the field. all the future civil war generals are officers who -- their only experience with what we would call major combat operations is the mexican war, and after that all they did was fight indian s on the front -- frontier so their expertise is also terribly deficient but it's better than what everyone else harks which is nothing. so, there is a small professional army, but the army of the union and the confederacy produce cannot be described as professional, i would say, until probably 1862. >> host: , if you teach this book here at the naval academy, if you teach your own book here at the naval academy, what do you want students to leave with? >> guest: for me, i don't teach the book because of fears of -- you never want to be that professor who is so obviously trying to sell books with a captive audience. i think for me the biggest theme i try to get across is the civil war -- the big picture

to ben stein, charles payne, dagen mcdowell along with adam lashinsky and charlie gasperino. charles, what do you think. >> spending, spending, spending, for me it's like we'll cut to the chase, let's just take it all away and collapse this thing. it's nuts. it really is nuts. now what bothers me we keep talking about the rich and it's 250,000, it's not rich people, it's small businesses, it's already a disaster as it is, but to have the nerve to come out and say, hey, let's stimulate again and create a few temporary jobs and let's do deficit spending, it's working out. boggles the mind. >> ben stein, that struck me, i'm not surprised at the president and argue na people did other choices in the presidential election, with the president's vision and mitt romney's vision and part of that romney with the idea to leave the rich alone and integral to the president let's not do that, got elected. you could make an argument that taxes going up on the rich and so be it, but this other stuff with the new spending, new stimulus, new jobs measures, i don't think that was part of the el

ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades e air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journa the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the words that govern the economy today and imperative that democrats put their heart and soul into a compromise. absolutely imperative. >> dagen, what do you think a

. >> host: when we've talked to some of your colleagues, robert mcdowell and ajit pai, they both mention that the government has a lot of the spectrum that is being unused and talked about more sharing. >> guest: yes. >> host: could you address those issues as well? >> guest: well, one of the things that we say internally, and we say it jokingly, but we're very serious, they're serious about it. this is an all-of the above type strategy. meaning when we talk about incentive auctions that we're talking about, in terms of the engagement, i mentioned 2014 for a reason. it's going to take a while for us, um, to put all of the rules of the road together, to get that in gear for, um, for that engagement to take place. so in the meantime, what do we do to address some of the critical, um, needs that we have by way of in this instance what's driving here, and that's, you know, mobile engagement. um, every other person we know has a tablet. um, most people we know, you know, they have smartphones. that uses more energies, you know, in terms of more energy than our standard, you know, our legacy,

extended to 9:15 right here we have light to moderate rain still on the old adobe road, corona, mcdowell, petaluma to skillman lane going to continue and add to the problem that's why it was extended another three hours. strongest radar returns now through the altamont pass coming down out of that descending into milpitas on 680 and 880, winds continue to calm fastest now gusting to 43 sfo most of us 25 miles per hour or slower, fastest wind , heaviest rain now through 9:00, showers for the rest of the afternoon. >>> chp just telling me over 90 active incidents on bay area roads now, over 30 are accidents. once again, flooding, standing water, high winds, take extra time, take mass transit if you can or stay home. we've got heavy traffic on the bay bridge because of earlier power outage, no metering lights this morning, jammed getting towards the incline on to the upper deck portion by the tunnel things pick up on the western part of the portion of the span into san francisco this is behind the toll as folks are' waiting to get on the span you have to -- pay tolls and fastrak is work. ja

which is most of the petaluma this morning best radar returns are around corona road up to old adobe mcdowell, stony point road along 101 must be a nightmare there because you are getting ponding on the roads from the heavier rain. the good news is you can see a little break to the west cold front moving through the heart of the bay now, that's why you see this line here from about davis down 80 into san francisco, points about 50 miles east where the green is moderate to heavy rain now that is out ahead of the cold front we are getting the worst of it right now if you are heading out. winds have calmed a little, still gusting over 30 in oakland, hayward, livermore, fairfield, 49 sfo, we have a airport weather warning until this evening because of the gusty winds and the rain imagine trying to land in 49 pile per hour wind gusts at sfo? scary. we'll keep an eye on that and see if there is going to be delays. fastest winds showers at noon, more scattered showers 4:00 through the evening keep the wet weather gear with you, on and off showers tomorrow another bout of heavy stormy conditions sund

david: another area still hurting from the devastation of the storm is in queens, new york elizabeth mcdowells there with a look at what all this destruction has created. >> reporter: that's right. this is normally a beach community. abbey's area, jacob riis park, but the parking lot has been turned into a temporary landfill now stretching one-and-a-half miles. and just within the last ten minutes i'm telling you, about 15 dump trucks including 80 wheeler's pulled up. you're going to see off in the distance, these piles have grown throughout the day to reaching almost three stories high. basically this landfill will take about 400,000 tons of 11 or 12 pounds and -- towns in the community, business districts, whole neighborhoods, and that 400,000 tons is about the size of the weight of the u.s. space station according to a new york official. and so the deal here is, there is a silver lining, and it's a good one. the sanitation department telling fox business that the new york parks department thankfully opened this area up for this temporary landfill because if they didn't the rebuilding would

no andy mcdowell fans around the set. in a double drop for france, for the first time an american is top dog at the michelin which some call the bible of french astronomy. >> is that a drop for france? depends which side you look at. they may not want him to stick around. >> oh, their loss is our gain. >> that's right. >> belgium's game. >>> coming up next, a man, two tech calls and two very different outcomes. we're taking grasso to task after this break. >>> later on, it's not all bad news when it comes to the dreaded fiscal cliff. stick around to find out why washington's indecision might soon bring a big payday your way. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logisti

i am dagen mcdowell. all talk, where his action? action on avoiding the spending cuts and tax increases. more

dagen mcdowell talked about treasuries. the yields down to 1.64%. and interesting twist for what is happening in the market. we are back with much more on fox business. lori: i am lori rothman. wall street facing post-election balloons, stocks plunging in the wake of president obama's reelection as investors shift focus to the fiscal cliff. the dow seeing the biggest intraday drop since june 1st, down 334 points and below 13,000. shares of at&t slipping with the broader market, and to expand wireless broadband. and reducing quarterly dividend by 2.3%. adidas scored a winning a patent dispute with nike. german courts banning sales of the prime running shoe which was introduced in the london olympics. it infringed the patent for the feature launched in february. that is a look at business from the fox business network giving you the power to prosper. connell: markets of what is not getting better. obama sell-off, it may, but hard to talk about the market but when you look at particular sections of it, financials, energy stocks are getting hammered tod

dagen: dagen mcdowell. that computer outage grounding united air

dagen: i am dagen mcdowell. new york congressman on what will actually get done down in d.c. connell: more violence today in the middle east. this time in tel aviv. secretary of state clinton is heading to egypt. dagen: can't we all get along. i am not talking about middle east. i am talking about hostess and its bakers union. no, they cannot agree so the company is shutting down. connell: charlie gasparino will be on to talk about what may be one of the biggest insider trading cases all-time. dagen: top of the hour. stocks now and every 15 minutes. nicole petallides. nicole: the profit numbers missed the analyst expectations. farm equipment maker actually reported weaker than expected numbers. some expenses that cut into their earnings. and a stronger dollar also played a factor. they know that was something of an issue. as far as 2013, where did they expect growth? the company expected south america to show the strongest demand in 2013. let's take a look at the dow jones industrial. up 21 points. so far, we still have a winning week on wall street. we will see if this is ou

dagen: i am dagen mcdowell. connell: and i am connell mcshane. it is not just our problem. there is a threat of a global recession. dagen: one top money man says the president's legacy is on the line. connell: is that a fact worth taking? why jamie dimon is now being floated as a possible treasury secretary. home prices keep climbing. your professor will tell us if that streak can continue. connell: at the top of the hour, stocks now. good morning. it is nicole petallides on the floor of the new york stock exchange. nicole: good morning, dagen and connell. a big piece of news here. this is obviously a big deal. ninety dollars a share. you can see how the stocks are faring. this will create the second largest package food company. you can see the upside. conagra is up about 4% there. obviously, big news on that. the dow today down 41 points. he regained 3.3%. today we have come under pressure. the s&p and nasdaq also down. there is a loss of about 40 points. yesterday we lost about 42 points. short-term pullback is pulled back. dagen: thank you. if congress is unable to prev

dagen: im dagen mcdowell. warren buffett lays into grover norquist. he is here to respond. connell: $250,000. is there any chance that number will go off? dagen: a company ordering workers to get flu shots or lose their job. connell: the rush to get the gifts for the holidays. it is cyber monday. dagen: just remember connell mcshane, you are getting nothing from me. talking about wider markets. nicole: some of the traders, do not forget, last week we were gaining 3.3% on the dow jones industrials. right at that 1400 mark. hitting some key resistant levels. likely to see a little bit of a pullback. the trend is still to the upside. as far as the major market average, you are seeing the dow and s&p down a half of a percent each. i want to take a look at abercrombie and fitch. , that insiders, they talk about the fact that abercrombie was the clear winner of the weekend stops. connell: grover norquist. here is what he said this morning. >> supposed an investor that you admire and trust comes to you saying this is a good idea i think you should think about it. it all depends on

dagen: i am dagen mcdowell. people waiting for the bus on the east coast. lines getting longer for gasoline. connell: the ceo saying he hopes normal power will be restored by tomorrow. dagen: the jobs numbers just days before elections. we sort it all out for you. connell: stocks now with the cult of -- nicole petallides. nicole: so far, so good. day two of trading after hurricane sandy hits the eastern seaboard. names like home depot and lowe's have been doing well on the heels of everybody rushing to get things to clean up after the hurricane hit. also, there was separation as well. the immediate impact of sandy is quite significant, trucking volumes and that will take time for a to get back to normal. the more people over the last year or so. hell shire posted solid topline during the latest quarter. connell: it was an absolute commuting nightmare. take a look at the gas lines. this is similar in many areas. miles long. people waiting for hours following hurricane sandy to fill up their car. let's bring in tom kloza. >> this is all about the power. once