melissa is next. david: see ya. melissa: i'm melissa francis and here's what's "money" tonight. natural gas explosion sets off an inferno in west virginia. would natural gas use booming across the u.s., is the risk for more accident spiking right along with it? we'll get answers. >>> plus north korea gives the world the finger, successfully launching a long-range missile for the very first time. iranian officials were reportedly there to witness it. so is north korea ready to sell technology to our most dangerous enemy? >> newark mayor cory booker completes a week on food stamps wanting to know what it is like to live on $1.40 a meal. food stamp use is rising faster than job growth, did you know that? isn't that the problem that needs solving? charles payne is explains how booker misses the point entirely. even when its not it is always about money melissa: first, let's take a look at the day's market headlines the fed announced new measures to help stimulate the economy but apparently investors were not impressed by fed chairman bernanke's afternoon press conference. stocks gav

melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is classic negotiating. we have to be serious. this isn't just a game. we're not playing poker on a thursday night. if we don't get fix our fiscal problem, by the way to give republicans credit, i just don't want to attack them, they passed the ryan budget earlier this year and last year and that actually does contain real e

david: melissa francis is next. melissa: i'm melissa francis and here is what is "money" tonight. the tax cliff is coming. grover norquist says upper earners are getting hit with higher taxes for parts of the health carr law. why isn't that enough? he is here to keep fighting the fight. >>> plus venezuela just surpassed saudi arabia with the world's largest oil reserves. now hugo chavez has announced his cancer is back. a chart, changing of the guard there could have a huge impact on the globlt oil market. we'll have details. >>> so much pot, so few answers. legalized marijuana laws take effect in washington state and colorado. from driving high to trafficking weed over sttte borders the legal and financial nightmares are just beginning. but we're convening a pot power panel to help clear the smoke. even when they say it's not it is always about money. melissa: first let's look at the day's market headlines. some breaking news on aig just out a short time ago. the treasury announced it is selling all of its remaining 234 common shares in the insurance giant however treasury will c

melissa: you're a good sport. >> thank you, melissa. melissa: i feel better with a two. that is better. >> okay. melissa: next on "money", syria on the brink of using weapons of mass destructions. how close are they and what is the economic impact? we'll talk to a former fbi agent to find out. >>> plus, yelp users beware! the next bad review you post could land you in court. one review has the owner suing her for 750 grand. he is here to explain. "piles of money" coming up. melissa: turning now to increasingly dangerous developments in the middle east, the situation in syria could reach catastrophic levels now that reports from bashar al-assad military's has loaded lethal chemical weapons into aerial bombs and is awaiting final orders to use them. here to tell us what it means and the economic impact is a former fbi special agent and national security and counterterrorism expert. thanks for coming on tonight. >> thank you. melissa: give us your reaction to the story. it seems like we're reaching a critical point. >> absolutely. this is extremely dangerous and probably on

melissa: i'm melissa francis and here's what is "money" tonight. whatever you to do don't buy this gasoline. aaa issues a rare warning for e-15 ethanol gas saying it could ruin millions of vehicles and void your warranty. is your car at risk? we have details coming up. >>> plus fast-food workers walking off the job demanding higher wages and their own union. i don't know if they realize therare millions of unemployed workers out there. we'll debate it coming up. >>> is fracking the key to u.s. energy independence. a new study says absolutely not. is the controversial outlook right? we'll drill down on that one. even when they say it's not it is always about money melissa: first let's take a look at the day's maet headlines. stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc

melissa: yeah.hing to help those that bashar al-assad in there hurting and oppressing and killing. >> no. melissa: thank you so much for coming on. we appreciate it. >> it is always a pleasure. melissa: up next you think phe fiscal cliff is giving you a headache? we'll tell you why taking the plunge is giving a lot of doctors full-on ulcers. >>> plus california's plan to be the green energy leader could take businesses an consumers out at the knees. a bipartisan report warns governor jerry brown to step in. the head of it is here to explain why. i feel like he is not going to. we'll see. "piles of money" coming up. jerry brown is not going to step in. ♪ . ♪ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., re estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason er 75% of our mutual funds eat their 10-year lipper average. t. rowe price. invest with confi

melissa: i'm melissa francis and here's what's "money" tonight. instagram outrage. the popular photo sharing site says they're going to sell your pictures without paying you or even telling you. use, are already jumping ship. we'll tell you how this affects you and your money. >>> plus will this be the first republican controlled house ever to raise taxes? business mogul steve forbes will join me in a fox business exclusive to break it all down. >>> the dire warning for you and all of your savings today. hackers are planning to clean out your bank account. the former deputy director of the national security agency is here with all the details so you can hang on to your cash. even when they say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. another day of gains on wall street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level i

melissa: yeah. >> ore a cda so we insure the income. my clients are prepared. melissa: scott, i feel like these guys are disappointed that the mayan apocalypse dn't happen. they would hope that would come in. like the dog ate your homework. if only the world had ended no one would notice they didn't do any of their work. what would you do? you can't count on these guys. what would you do to protect yourself right now? seems to me you have to get in hard assets, gold, real este. i don't think stocks are attractive at this point. >> no, i don't think they're attractive. last couple days people are ki of getting ahead of that trade. i would be wary getting out say, after january. i think by then the selling might be in. look what happened after the electi. market fell a quick 7 to 10% and bounced right back. i think economy hre is tad stronger than people give it credit for. i wod stay in stocks if you're still in them at this point. gold i like, melissa, but if you look at gold versus stocks over last

melissa francis is melissa: merry christmas eve, everyone. i'm melissa francis. first up tonight, a developing story almost every american is following right now. north american aerospace defense commander norad is currently tracking santa's progress. so far st. nick delivered 2.3 billion gifts. he has a way to go. my little guys are waiting for their presents. joining me from norad for the latest update is captain jeff davis. i know you're so busy tracking santa tonight. anything he should look out for, any weather problems? anything that might slow him down. >> not at all. we're looking very carefully. looks like it will be smooth sailing for santa tonight as he delivers presents around the world. melissa: how is his progress so far? 2.3 billion, that is a lot of presents. let's not kid ourselves, he has a lot of ground to cover. >> he does. he is only a third of the way through his journey. we have him leaving down in the antarctica area, headed up towards madagascar. we're having him, looks like he will be over the eastern part of the united states about 9:00

thanks, melissa. melissa: time for the fuel gauge report.fuel prices and global economiconcerns pushed oil prices down for the fourth straight day. crude settled at $84.93 a barrel. that ithe lowest close since november 15th. a request to release more water into the mississippi river was shot down by a the army corps of engineers. a group of midwestern senators made the appeal. shrinking oil levels are threatening to close barge trafficlong the mississippi. this is a huge story. they said release would put upper midwest water supplies at risk. everyone wants wear here. >>> russia's state-owned oil giant, exxon will provide $3 billion financingo develop horizontal oil well drilling in western siberia. commercial development is expected to begin by 2013. >>> turning to jobs. some positive news as we heard the unemployment rate fell to 7.7%. that is good and a step in the right direction. but not everything is rosy. the economy added 146,000 jobs. let's face it that is not good enough. that is the first topic for today's "money" power panel. ec

melissa: you're a good sport. >> thank you, melissa. melissa: i feel better with a two.er. >> okay. melissa: next on "money", syria on the brink of using weapons of mass destructions. how close are they and what is the economic impact? we'll talk to a former fbi agent to find out. >>> plus, yelp users beware! the next bad review you post could land you in court. one review has the owner suing her for 750 grand. he is here to explain. "piles of money" coming up. [ male announcer ] you are a business pro. omnipotent of opportunity. you ow how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our&l calculator... a

melissa: i love it.espite global financial uncertainty the imf is partying like it is 1999. the holiday pary had 7,000 guests and retirees werwelcome to attend. seven different stations with various cuisines. of course, obviously an open bar. the estimate the cost to be around $350,000. re like half a million dollars for the im christmas party. >> oh, mike tetanus. melissa: they deserve it. they have worked hard this year already? >> i have my resignation. this is the place to work. ideally, more food. >> we do have more food. ideally to more caviar. this would make dominique strauss-kahn very proud, i think what i love about the imf, they are always telling countries to cut their spending or raise taxes, but now they're spending a lot of money. by the way, the u.s. supports the imf. melissa: yes. right. that menu looked delicious. obviously it is a half million dollar party. >> that's great. i would love that. melissa: i wnder why we were invited. i think it's because we are always maki fun. >>ournalism

"money" with melissa francis is coming next. melissa: i'm melissa francis. here is what is money tonight. a huge break through for u.s. natural gas. a key government study could open the door for exports and create a boom for the economy. the only thing standing in the way though is president obama. we'll drill down with a natural gas company's ceo. >>> plus fighting crazy with crazy. could two plat nurm coins worth a trillion dollars each solve our debt crisis? is it as nuts as it sounds? bear with me here, people. our "money" power panel will break it down. >>> are plastic bags on the way to extinction. they're completely banned in two cities. chicago wants to nix them. guess who is behind it? my favorite chicago alderman. i say stop the madness. but alderman joe moreno is here to disagree with me. even when they say it is a not it is always about money melissa: first let's take a look at today's market headlines. mediocrity apparently the reason to buy on wall street today. the november jobs report came in above expectations but the 146,000 jobs added is

melissa: okay. kirsten what do you think? who do you think needs a bailout in this group? >> i don't really see these as bailouts. i see them as the government overspending and now it has to be paid for. so it's, once the government spends the money there is no way around it, they have to pay the bill. so the problem is they shouldn't have been spending the money in the first place. if you don't have the money, you shouldn't be spending it. if you want to look at the post office, if they can't provide the service, then they need to cut jobs. they need to raise however much they're charging for the mail. but they can't just spend money they don't have. melissa, this is the problem with our government. melissa: you can shut them down is the other option. >> or shut them down, right. melissa: yeah. >> but instead, you know they just spend this money they don't have. you know, it is not, something has to be done where, you know, i don't know, if congress can pass something you just can't spend money tha

melissa: i'm melissa francis and here's what's "money" tonight. california's got its first ever fracking regulations but some say they go too far and could choke off access up to $15 billion barrels of oil. we'll drill down on the answers. >>> plus, more talk and no walk in washington. shocker there. both side insist we need to stop spending. not that they're cutting a single penny from a single government program. fox news's bret baier with the real cost of spending. >>> we all love a good hamburger, right? but is that pesky wrapper keep getting in your way? one fast-food chain may have solved the problem for good. they're making the wrapper edible. you have to see this one to believe it, trust me. even when they say it's not it is always about money. melissa: first, let's take a look at the day's market headlines. fiscal cliff talks may be a mess but not ruining the party for investors. u.s. third quarter gdp was revised up to 3.1%. not bad. november existing home seams -- sales hit nice not seen. wall street shares of the nyse euronext skyrocke

melissa: did they succeed? is there a way to battle back. >> of course we have ability to organize on the job. that is what we'll hear doing. i love vinnie talking about freedom, freedom of association which is violated every half hour when someone is getting fired for organizing union. i don't see mackinaw fighting for that. this is corporate agenda. this one piece of it. seeing in states like indiana and wisconsin. they will try to spread it but we'll keep fighting. >> vinnie, it is one piece but it is a huge piece. this is michigan where 17.5% of the workforce is unionized. if workers aren't forced to pay dues, a lot of them, i mean whether they believe in unions or not are not going to do it because they just simply can't afford it. so, you know, this is a big financial blow to unions no matter how you slice it. >> actually going back to the previous point, this is actually a very bright spot for unions around the country and here in michigan. it means that now unions will be held accountable and they will

liz: "money" with melissa is next. melissa: i'm melissa francis. here is what's "money" tonight. does exxonmobil hate your children? a controversial new ad claims the oil giant is ruining kid's futures. you have to believe it to see it. the man behind it will join us in a fox business exclusive. >>> plus "money"'s executive roundtable get the real pulse of businesses. speaking out against president obama hurt their bottom line? will higher taxes be as bad for businesses as some say? all that and everything in between from three top leaders. >>> yikes for yelp users. one woman post as scathing review of a business. now the owner is suing her for $750,000. does he have a case? he is here to make it. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines of the congress doesn't open its mouth and stocks go up. are we listening politicians? better than expected jobless claims data and rebound in tech stocks helped lead the market higher. the dow gained 39 points hitting a new one-month high. >>> at&t customers listen up. y

melissa: a charity.up on "money", california's plan to be number one in green energy could end up squeezing serious ugh out of busisses and consumers. we'll talk about maybe this is not ch aright idea. at the end of the d its alabout mne and dr. egel. ♪ . >> announcer: you never knowen,l your identity and turn your life >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mi. >> announcer: justne little piece of information a they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect at matters most... [beeping...] helping stop coks befo your identity is attacked. and now you can ha the most comprehensive identy theft protection available today. lifelock ultimate. so for protection you just can't get ywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: creditoni

melissa: i'm melissa francis. here's what's "money" tonight. the aarp lashing out against proposed medicare reform but it may be trying to save its own skin. generation for america president chuck woolery, yes, that chuck woolery of game show lore, is here to explain why. >>> a group of democratic heavyweights one up the president's fiscal cliff plan. forget hitting the rich. alcohol, cigarettes, online gambling, nothing is safe. will the payoff be worth of the pain? we'll debate it. >>> are the salvation army bell ringer jobs only for sexy ladies. one man claims he was fired to make way for beautiful women. is it unfair or good business? even when they say it's not it is always about "money." melissa: all right. first let's take a look at the day's market headlines. you would think the markets would stop getting faked out by the fiscal cliff optimism, would you? but apparently not. that and better than expected data from the service sector sent the dow to a one-month high. >> it was a different story for the nasdaq weighed down by tumbling sha

melissa francis is next. melissa: merry christmas eve, everyone. north american aerospace commander norad is currently tracking santa's progress. so far he has delivered within 2.3 billion gives. he has a way to go. my little guys are still waiting for their presence. captain, thank you for joining me. is there anything santa should look out for? >> not at all. we are looking very carefully. it looks like it will be smooth sailing for santa tonight. melissa: how is his progress so far? 2.3 billion is a lot of gifts. he has a lot of ground to cover. >> he is only about a third of the way through his journey. he is down in the and arctic area heading towards madagascar. it looks like he will be right over the eastern part of the united states at about 9:00 p.m. tonight. melissa: where has he been so far? >> so far, he has covered all of asia. he started off in the island and moved over to japan, russia, india, and is making his way up the east side of africa. melissa: you do not see any weather problems later tonight into tomorrow? >> no weather prob

melissa: steve. how does your employer feel when you show up work and don't do anything you're supposed do and go on vacation of the, how does that work? >> never actually done that i could make argument washington is better place with all these people gone. they haven't done any good for at that long time. we might be better off that they're not here. melissa: i would agree with you on that if the spending would cease while they're gone. while they are not there they're still spending $2.06 for every dollar they take in. they're still taking in $5 billion a day in taxes and somehow spending 11 billion. so we have a huge problem that is not going to be solved, it seems like anytime soon. kimberly, does that make you nervous going forward about our economy, about stocks, about our future? >> well, yeah, i think it makes everybody nervous. all my clients and i'll sure various investors saying what do we do, what do we do? only two things in life are certain, which is death and taxes. we just don't know

melissa: tangerine? charles: of course. melissa: i am lucky.ori: i've never even heard that be described as a color. charles: tangerine. all right. lori: let's check the market with nicole watching wall street. nicole: watching green. looking at men's warehouse. a completely different picture. you see a down arrow decisively for men's warehouse. they came up with a number, but they have t had to cut their fur profit outlook. so with that we see the stock at a lower guidance, down 2.5%. earnings rose 22% in the fiscal third quarter but as i noted the outlook is not a good one. they have seen sales worse for the month of november in u.s. and canada. that is not good news for the retailer down $0.79. back to you. lori: nicole, always a pleasure could thank you. melissa: what is the hottest stock on wall street? could it be an analyst which mark on the firm of buying for bank analyst dick bove. lori: the dollar strengthening against the euro. predicting an even weaker euro zone. we are back after this. [ male announcer ] this is amy. amy likes to i

now back to lori and melissa. melissa: thank you so much.ecord-breaking year for the government with antitrust penalties. @andling out over a billion dollars in criminal fines this year. rich edson has exclusive details. >> more than a billion dollars come from price fixing and all from data supplied exclusively to fox business by law firm confirmed by the justice department. the amount of the 2012th this fl year in the 102 year history of the sherman antitrust act. with a half billion dollars to auto parts companies and executives, the lcd panel maker for half a billion dollars. totaling $1.1 billion. former director of justices antitrust division said the ongoing investigation with the libor scandal setting up 2013 as another record-breaking year. >> i think 2013 stands to outpace 2012. 2012 pales in comparison to the corporate fines that come down in 2013. >> these fines are present a higher penetration asian-based companies paying more than 95% of the 2012 penalties. back to you. melissa: rich edson, thank you so much. interesting stuff.

melissa: i am melissa francis. lori: i am lori rothman. republicans pitching their plan to stop the fiscal cliff. the president says no deal without raising taxes on the rich. melissa: the nations largest seaport complex at a near standstill for the eighth straight day. drake christopher is going to join us with how this could impact your holiday season. lori: i was just kidding, actually. bacon is kosher. i do not eat kosher. melissa: speaking of kosher -- lori: rubbing elbows with the royals. our next ambassador -- you are speechless. melissa: i do not know about that one. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: right now, we are seeing the dow jones industrial average down just 12 points. so far, we are having a losing week on wall street. let's see what happens at the end of the day. these moves are really fractional. the s&p down a third of a percent. december, traditionally, is the best month for the s&p 500 since 1950. we will see whether or not that seems to come to correlation. i wa

melissa: rally mode. i am melissa francis. lori: i am lori rothman. president obama telling business leaders he is cheering for their success. tax hikes for the wealthy saying there will be no deal without tax rate increases. melissa: 11,000 now out of work at citi. slashing jobs taking a billion dollars charge as it repositioned oppositions. charlie gasparino tells us it is even more cuts are on the way. lori: new warnings and ethanol blended gasoline. joining us on whether you should be worried about what you put into your gas tank. let's get up to speed, back the floor of the new york stock exchange and nicole petallides. economic data on the service industry. nicole: looking good, lori and melissa. up 125 points. after two days of selling we are seeing some market action to the upside. we are above the 13,000 mark, well above that. 13,076. the nasdaq squeezing it out. concern for apple, but financials are doing well. let's take a look at the group. laying off 11,000 workers, that is the plan. a new ceo in place and he wants to make his mark. up 6.

melissa: that is a good one. welcome, i am melissa francis. lori: i am lori rothman. unions come out in protest on right to work legislation. melissa: the battle for control, who will be the new leadee of the oil cartel? saudi arabia or archrival iran fighting for the top spot. lori: you heard dennis and cheryl speaking to house speaker john boehner taking to the house for questioning when president obama will "get serious in fiscal talks." there are just 20 days left until we are at risk of going over the fiscal cliff. let's get you updated on the market as we do every 15 minutes, stocks now. let's go to the floor of the new york stock exchange. the market having a good day today. nicole: indeed. we have been over the 13,300 mark but still holding onto stellar games, lori and melissa. so up triple digits up 110 points so really is a nice showing. 28 of the 30 dow components in the green. we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they

melissa: i am melissa francis. we need a deal before christmas. neither side has talked with the other in nearly two days. towns are bracing for the fallout. tampa mayor tells us what the fiscal cliff means for his city. lori: all talking and no advancement towards a deal. frustrating. on and on and on those politicians go. we will bring you an update. tom corbett saying going over that cliff would be "absolutely frightening for the keystone state." he will join us later. melissa: president obama has been named person of the year. go figure. [talking over each other] lori: was i on the list for rock. melissa: on top. lori: let's get you updated on the markets. lauren simonetti is covering stocks for us today. >> we go break a two-day winning streak. for the s&p, it has been the best two days in more than a month. we are still a little bit more positive. traders kind of sitting on their hands digesting what we have recently had. if you look at, i say risk on because the sectors that are doing well today are once again energy and thanks. utilities n

melissa: coming up tonight.oins us for our power panel to discuss speaker boehner's latest offer to discuss the fiscal cliff. we will just sit down and solve the problem. lori: in early christmas present for all of your drivers out there. tracy and ashley are up next on why you are still paying out more than you ever did before. ♪ so now i can be in the scene. advair is clinically proven to help significantly improve lu function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. vair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking g advr may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could hel

melissa: thank you.your turkey, glazed ham, one on a couple of happy meals for your kids and head off to grandma's house. mcdonald's ceo is encouraging franchisees to open on christmas day hoping to capitalize on the 93 million people hitting the roads on the holidays, 12,000 10 restaurants that opened on thanksgiving turkey and $36 million more dollars than last year. i am guilty of having gone to mcdonald's on christmas. lori: get the kids some mcdonald's tide them over. i am tired of chinese food on christmas so i think this is fantastic if mcdonald's opens. the president lifting his income tax threshold. are we moving any closer to a deal to avoid the fiscal cliff? more with tracy byrnes and -- the webster next on fox business. [ male announcer ] you are a business pro. omnipotent of opportunity. you knowow to mix business... with business. and you...rent from national because only national lets you choose any car in the aisle. and go. you can even take a full-size or ave. and still pay the mid-size

melissa: way more. now a tiny fraction but maybe it is the right amount. >> i think we finally come to recognition both from duncan, remember, duncan is not devotetae of floor trading. he came from goldman sachs which basically wanted to get rid of floor trading and new york stock exchange bought goldman sachs's market making unit archipelago. he come to the conclusion as sprecher does there is place for humans. when computers go down, they need humans. there are at the place where they are now and it is not a bad model. lori: does neiderauer stick around post transition? >> says. i say no. i asked them him that question. point-blank. duncan has been looking to do something different. me and duncan didn't get along at first. we get along now. lori: at least he says to your face. >> you try to be objective, people have personality and you get in these littletives. i got to know him a little bit. he is a very good ceo. he have definitely did the right thing here. i like this deal better than deutsch borse

back to lori and melissa.mportant is it that steve cohen is pain the legal fees of a four-month trader. investigators are trying to get the slip against his old boss. here is charlie with the very latest. there is two schools hit. number one as companies often paid legal expenses. we should point out that the former hedge fund trader that is at the center of the latest allegation of insider-trading left about two years ago. he is two years out of it. steve cohen is likely to have some sort of cooperation agreement. they share documents. they share strategy. if and when he ever cooperates, and we do know that we want him to cooperate, he still says no. if he ever does cut that deal, he is facing 20 years in jail. if he wants to avoid 20 years, he will know exactly what to say to prepare his defense. the government would only give it to him if he could basically tell him about what steve cohen new about the insider trades that he was accused of. in the indictment, it says that bythat -- he traded those stocks ba

back now to adam and melissa. melissa: unbelievable.tests in michigan as state lawmakers approve right to work law graduation. new laws that prohibit new unions from collecting fees from non-members. mike towbin has more on this. >> they cannot stop what governor rick snyder calls freedom to work legislation from being passed on tuesday because michigan republicans simply have the numbers. the demonstrations have gotten ugly. eight people have been arrested. additional state troopers have been diploid to the capital. unlike drawnout labor standoffs we have seen in years, rick snyder has been able to slam us through the legislature during the lame duck session. he insists he is not picking a fight. >> it is not picking a fight. i view this as solving an issue for michigan workers. >> this does not mean that michigan democrats are about to throw in the towel. they say it is an understatement to claim that this legislation will face legal challenges. they will challenge the manner in which a legislation was pushed through so rapidly. democ

melissa: thanks so much. >> sure. melissa: baby fury. how about baby mac?nd of i baby names. they issue most popular baby names for 2012. they didn't make the top 100 the survey found apple, siri and mac surged in popularity. the name apple for girls. jumped 15 in popularity from last year. who can forget the name, mac is up 12%. siri is personal assistant on iphone. this name up 5% on list for growth. penelope with 46. aubry was 28. lori: my aunt is actually siri, s, i, r, i. melissa: predates the iphone. lori: thanks for the shoutout to my family. big baby news. kate and william, royal baby on the way. what will they name it? melissa: siri or mac or ipad. prince ipad. can you imagine. there you go. probably not. >>> coming up tonight on "money", 30-year-old entrepreneur jason sadler, joins me to discuss why he is subletting his name, speaking of names to the highest bidder for a year. his plans for raking in financial awards considering bids are over $30,000. lori: just his name? melissa: he changes his last name for a year. he changes it legally in flori

melissa: thank you so much.ant to follow up on a story we've been covering for some time now. michigan a labor mecca as you know is now a right-to-work state, believe it or not. like other states in the region republicans achieved almost impossible feat, to get the statehouse and senate to pass the legislation in one single day. the state could become the 24th right-to-work state with a law next week. that means workers will not be required to join a union or pay dues as a condition of employment. rules require a five-day waiting period before the governor can sign the bills which he has pledged to do the bills passed despite cries of outrage of union activists who stormed the state capitol. police were formed to use pepper spray to sbdue the protesters. there were walk outs from democrats. >> these guys lied to every day and acting like cowards pushing this through in the dark of night lame duck. >> he says this is leadership. >> baloney. melissa: republicans lost five house seats in the november election and a

melissa: thank you so much. many believe the speaker in the senate, but it did notie -@even make it through the house last night. i next asked is not confident it will happen within the next year. >> we will see what the president says. after what has happened this week, it is not clear what the way forward is. it is more likely than not that we will grow into january without a deal. melissa: what does that really mean for the economy? >> it is to businesses to decide when they change their holdings. there is some spending programs that will be extended. they are uncertain about the outlook. there are a variety of ways that will show up in the first quarter. melissa: you really think that this will happen? we will not get this deal? they will not stop in at the last minute? >> i think they have a long way to go to reach a deal at this point. the disagreement that you saw with the republicans and the house are willing to support and what the president and the democrats are prepared to offer, that gap is still the