mr. carney in the audience? do any of you agree with mr. carney that there is no substantive basis for the cybersecurity threat lacks no takers? that's too bad. i was hoping that somebody they gone for today. mr. carney and apparently hadn't talked to the president. the president said that cybersecurity is one of our most serious national security threats. it's not a theoretical. it has already been levied against certain cities to block them out. it has already been used, as my co-panelist mentioned, as a prelude, the shock troops before the russians invaded estonia and georgia. this is a bipartisan issue. you have senator lieberman saying its cyberwar and the cyberthreat is a clear and present danger. the same with senator collins. senator barbara, you can go down the list. they will all tell you they, too, are scared about the threat. mike mcconnell before his director of national intelligence warned that if instead of laying aircraft into buildings in new york -- flying aircraft into buildings in new york, the terrorists had directed a c

mr. carney in the audience? to win if you agree with mr. carney that there is no substantive basis for the cybersecurity threat by notetakers? that's too bad. i was hoping to have somebody to pick on for today. mr. carney apparently hadn't talked to the president. the president said cybersecurity is one of our most serious national security threat. it had already been levied against certain cities to black them out. it is 30 been years as my co-panelist mentioned as a prelude to the shock troops before the russians invaded estonia and georgia. this is a bipartisan issue. you have senator lieberman saying cyberwar and cyberthreat is a clear and present danger. cinema senator collins, senator carper. go down the list. they will all tell you they too are scared about the threat. mike mcconnell before national intelligence warned that in the buildings in new york, the terrorist had direct a cyberattack the largest banks in knee-jerk, the economic impact would've been 10 times worse than 9/11 actually was. this is not a theoretical threat. those

mr. carney. >> art carney? >> yesterday wrote this exact scenario unfolding.>> and to steve grasso. >> that goes without saying. >> didn't we mention that earlier? >> we did. >> thanks for dropping by. it is time for the moment you have been waiting for, trade of the day. what is it? >> trade of the day there is a fiscal cliff that was resolved yesterday or last evening in japan. they voted to extend the fiscal cliff by issuing more debt and were going to sell more yen. the way to play this i think is dxj, a way to be long japanese stocks and short japanese yen at the same time. when you have a lot of money printing you have an inflation target of 2% to 3%. that is generally good for japanese stocks. this is a great way to get into it. >> tim? >> japan the more the yen weakens there are a lot of great dividend plays. >> meantime cramer has surprises coming up. a pair of recent earnings reports and wall street and all. there could be more reason to celebrate. get the names that could belong on your shopping list in the next hour. very big day for facebook. will

mr. carney. >> this is like steroids. it is a performance enhancing drug.t should be banned from professional poker. but i do think maybe some of these hedge fund guys getting interviewed by the s.e.c. might want to look into it. >> i think this is a great story. number one, most poker players are male so maybe this is a great excuse for men to start getting botox. you can get botox now to conceal the fact that you're a lousy poker player! >> i got it not just i'm vain, i got it because i really needed to up my poker game. is that the excuse they're going to use? >> for non-new yorkers, there are so many secret, illegal, very high-stakes poker games that go on in new york city. more about all this after this break. we'll be right back on "power lunch." ♪ no he can't read my poker face ♪ inin and like something.. ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. ocustomer er

mr. carney. what happened there? >> reporter: it's a big story that's developing.sides that we were talking about everything. the so-called brand compromise that there would be spending cuts. in addition to tax increases on the rich. which is something the president had campaigned on. earlier today when the president had an event at the white house following on that meeting you mentioned with unions yesterday he highlighted the idea of just focusing in the short term on this tax changes. the president said that would give us quote more time next year to work together on a comprehensive plan to bring down our deficit. what i pressed jay carney on is he now splitting this negotiation into two. let, deal with raising tax on the rich, lowering tax on the middle class. take a listen. >> the republicans are saying on the hill today -- baron had a news conference that said so you are trying to lock in tax changes, then you are not having any spending cuts now. you want to do spending cuts next year. is that a fact? >> it's not a fact. these are all parts of aspects of con

mr. carney says the president has faith that the acting director at the cia can replace general petraeus at the upcoming hearing. >> it's up to congress to make decisions about who is called to testify. but the president is confident acting drct director morrell is fully capable of representing the cia in the hearings about benghazi. megyn: did you catch carney's press conference? and what was your reaction to that comment. >> it's interesting to watch him. he was reading that particular part of the press conference. i think they are trying to be careful with they say on this matter given the twists and turns we have seen in recent days and the potential legal implications for general petraeus. there are some reports he could be subject to charges, whether military or not we'll see how that develops. the question of who testifies before congress, that's congress' decision. the house intel committees, you just interviewed peter king. they will decide whether petraeus can opt out of this. it seems to me when he was the one who testified before congress and in that time period after the ben

mr. carney said. >> the president has been open to some compromise. >> he went out of his way the other dayo say i am not saying all my ideas have to be accepted, i am open to compromise, i am open to new ideas. i want to make sure this gets done. >> you have to understand what the president is doing. and this is not civics 101. he has a tough mine to plan. his goal is to break republicans on the tax pledge. the way he will do that is he says i am going to load you up an offer so appealing to so many of your constituents, it will be extremely difficult to say no. all you have to do is break your line on the taxes. that's it. >> break the norquist pledge. >> you want this much? that's not enough? how about this, how about we take it to a million. all i ask is you to break -- >> why is that so important. >> once you have broken it, you smash the republican coalition. he is trying to break the spine of the republican party by forcing republicans to choose. >> pretty sophisticated strategy. >> well. >> it is pretty brutal and basic. >> he says i want you to choose between the people who care mo

mr. carney says, quote, the american people matter in stopping the fiscal cliff and budget cuts that will take effect in january if congress doesn't act. >> ok. good afternoon, ladies and gentlemen. welcome to the james s. brady white house briefing room, i believe we have some visitor fres this united arab emirate here, i want to welcome you and thank you for being here. i have just a couple of thins i want to announce at the top, some of which you know about, others you may not. today, as enge you know they can president is meeting with small business owners -- let me back up. it is not happening right now. i believe it happens -- 2:30 i'm reliably informed. he'll be meeting with small business owners as part of discussing with them the importance of extending tax cuts for the middle class or 98% of american taxpayers because of the impact that raising taxes on 98% would have on businesses around the country. he will also discuss with them the measures that he has put forward to assist small businesses, including hiring tax credits and the like, that will help the engine of our economic

. >> woodruff: later, presidential spokesman jay carney said mr. obama would veto any bill that extended tax cuts for families earning $250,000 a year or more. earlier in the day, house speaker john boehner staked out his position on the same subject. >> you know, on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing that the most harmful consequences of the fiscal cliff come from increasing tax rates. according to ernst & young, ising theop res would destroy nearly 700,000 jobs in our country. the members of our majority understand how important it is to avert the fiscal cliff. that's why the house took action earlier this year to replace the sequester with other types of cuts, and it's also why, over the summer, we passed a bill to extend all of the current tax rates for one year so that we had time to overhaul our tax code. and it's why i outlined a responsible path forward where we can replace the spending c

said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said they did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must carney because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of contortionists out there in the central banking land and half naked ladies and in this case of mark carney he's a math i'm not for date of banking because he wants both higher interest rates and looser monetary policy is a financial i'm afeard hey you know they should put him in a. will work perfectly and the city freak show one thread the needle straight there's mark carney and the bearded him aphrodite he wants higher rates and looser monetary policy welcome to the freak show mark carney where we've got your number and their flag on their show every single day because that's what we do bad guys welcome to the trade show mark carney. well. you know in

today's briefing, press secretary jay carney put to rest at least one theory about why mr.vernor romney here tomorrow in some kind of cabinet level position? audition for that position? >> no. >> nbc's mike viqueira is live at the white house. he would never laugh at such a question. if there's no cabinet position is in the offing, is he willing to tell mitt romney what a great job he did at the olympics? >> reporter: i think that's what it boils down to. there's a ritualistic part of it, the two burying the hatchet, breaking bread tomorrow. a lot of people expected this to happen. it's not going to be in public view, by any means necessary, although you can bet that your diligent cameramen and producers will be running all over the town looking to find pictures of mitt romney. but they will not allow the quote/unquote photo spray in the private dining room. which if you're a white house buff is over the corner, when the two men meet tomorrow afternoon. some smart alec in the front row asked whether gifts would be exchanged because, of course, the president gave john boehne

mr. obama met with here at the white house today say that weren't invited to. for a press secretary jay carney >> the president is clear he will not extend, he will not sign a bill that extends the bush era tax cuts for the wealthiest americans because it's not good policy. >> since both agree on the middle class tax cuts they should be extended and now, shepard. >> shepard: i mentioned those meetings, wendell, today the president i guess preaching to the choir. tomorrow the sinners are in. >> he he will meet with business leaders. i don't know if you want to call them sinners. but certainly more inclined to protect the upper income bush tax cuts than the union people. most small businesses aren't affected by them but the ones that are affected by them create the most jobs. now, senate republic leader mitch mcconnell says raises taxes on those businesses would cost 700,000 jobs. the president says we would simply return to the tax rates of the clinton years in which the economy created almost 8 times as many jobs as the administration of george w. bush. president will make his case to the publ

carney will shave after election day. will david axelrod shave after election day? it may help us learn whether or not mr.ney will win or the president will win. >> dana: thank you. good thing when i was press secretary i didn't have such a rule. charming. >> reporter: that is a good thing. >> dana: thanks, ed. god, that is weird. bob, fox news poll came out dead heat, 46-vi. what do you think? >> bob: nationally, most of the polls are starting to converge in a dead heat. below 50%. yesterday, wednesday, 11 swing state polls and obama led in all 11 by an average of 3.9. i think obama swing state strategy will work and it will give him the electoral votes he needs. whether it gives him the majority of the votes. >> dana: we talk about the pew poll that carl cameron talked about, intensity and the turn-out. the last 72 hours is one of the things that the rnc did well. in 2000 or 2004. they started the 72-hour program, which meant that all the work that you have done up to now, you have to double it and just as much in the last 72 hours. >> eric: yeah, are we boeing to get to karl rove's announcement? >> dan

mr. obama double down. >> the united states government had nothing to do with the video. i believe its message must be rejected by all who respect our common humanity. >> white house briefing spokesman jay carney was pushed for explanation. >> what your questions seems to suggest is that it is more important that i or others use talking point provideed by the intelligence community, than what happened in benghazi. >> a congressional memo by fox news said the al-qaeda affiliated terrorists were involved in benghazi and assault on embassies in yemen and tunisia. senior fellow suggested terrorist attacks on 9/11 were not isolated events but were potentially linked. >> bret: big deal. we will continue to follow it. thank you. congressional negotiations going nowhere fast, president obama is appealing to a different constituency tonight in his bid to back away from the fiscal cliff. we have fox team coverage. chief washington correspondent james rosen is at the white house to tell us about the president's return to the campaign trail sort of. but we begin with the chief congressional correspondent mike emanuel and another reason that the talk reconciliation so important. good evening, mike. >> good