nicole petallides on the floor of the stock exchange. le: we are not too far off of session lows, down 142 points, what do you think? you are starting to think inside washington is a breaking down. >> there's always the inside game and outside game and for two months you could tell what was going on, they would come out and talk to their constituencies where republicans or democrats but not saying anything bad about one another and also sending messages that the talks were going well inside. i am starting to see that break down so the inside game is starting to break down and you saw that with the first shot out of harry reid effectively calling john boehner a dictator. when you see that kind of backbiting going on and start leaking documents and if you see that forget about any detail before monday. nicole: let's get down and dirty in washington. our markets have been suffering since december, we have seen a lot of down arrows. is this likely to continue? >> i think it will. the margin is reacting to the headline. we have given everythin

nicole petallides standing by at the new york stock exchange. cole: i am looking at avon products. you may remember coty which made a bid and then made a sweetened offer and avon rejected it. now it is up 5%. it is a top performer on the s&p 500. alpha is now reporting that coty may step in again. this was back in may when they raised their bid to 24.75. it sounds pretty good when you are trading at $14. we will see what actually transpires. right now, we may be seeing coty stepping in once again. cheryl: nicole petallides, thank you very much. should the u.s. start exporting natural gas? with the benefits the overall worth it? liz claman talk to a man at the forefront of this. andrew liveris. liz: let's go all in. the report makes a bold prediction. it will boost the u.s. economy $547 billion in just seven years and create jobs, which, of course, we desperately need. >> one report does not make a plan. it is fundamentally flawed. $90 billion at $3 million actually 20 times value that would be under threat if they went ahead and took the recommen

nicole petallides on the floor of the new york stock exchange. we were saying, sitting here yesterday at this time, the market was up about 60 points. now, we are down. so much for the bernanke rally, huh? >> that's right. it was a little celebrate, good times around this time after we already heard from the fomc and quantitative easing and accommodative fed. we heard from ben bernanke and the truth is everybody realizes that we do have a tough economy and we'll see what happens. but i was just looking at major market averages. we're losing 61 points right now. however we're still up for the week. and then i began to look back to see how many weeks in a row. we're already up. this would be the fourth week in a row of gains. so it is sort of slow and steady and moving higher, slowly but surely like take two steps forward and one step back. that seems to it be the trend. it is still continuing even with the move back here of 61 points we're still up for the week. traders talk about the fact that december is traditionally a higher month. we're still

dennis: stocks now as did every 15 minutes, nicole petallides on the new york stock exchange. nicole: all eyes on washington now discuss the fiscal cliff trying to come to some sort of agreement to make this happen for u.s. taxpayers, americans across the country who are eagerly awaiting a bipartisan decision of some sort end justifies the meeting has brought some optimism to wall street and as result we are seeing the dow up 91 points. focusing on bank of america the top performer on the dow jones industrials. some of the tech stocks are

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 want to take a look at some of the auto retailers. it turns out they are not doing so well with their sales. pat boys, in particular, revenue missing for the third time in a row. both companies not seeing sales. warmer weather plays a role. back to you. melissa: thank you so much. lori: republicans presenting a plan to avoid the fiscal cliff. first and foremost, avoiding increasing and eliminating deductions on of her earnings to raise an additional $8 billion. $1.2 trillion in new spending cuts. the white house, no surprise, already rejecting the plan. the president saying the gop plan is out of bounds

nicole petallides on the floor of the nyse. a couple of big companies facing headwinds. >> that's right. when you talk about the companies you talk about what they're seeing, whether they're under pressure or warnings they're seeing. let's look at two names on the move, tracy and ashley. the first is centene. it is down 8.5%. the medicaid insurer is blaming higher medical costs associated with this year's early flu season. that something that is weighing on their numbers. they are down 8.5% now. they had to slash their full-year outlook for the year 2012 in total. as a result the stock is down $3.88 at 41.09. that is a nice one-year chart there for you. so it shows you that, while it pops and drops, it is not too far off where it started in the year. then there is schlumberger in the oil services industry warning the profits will take a hit in the fourth quarter. shares are under pressure as a result of company's warning. it is down 4.7%. that is loss of $3.39 a share. they are seeing weakness and experiencing delays in europe a

our own nicole petallides is standing by. d, nicole, a little m&a action in the mining world today. >> really there is a lot of action in the mining world. we'll take a close look at freeport-mcmoran, a big deal underway here. what is interesting when you have mergers and acquisition particularly in energy this is something that brings positive sentiment to wall street. let's look at freeport-mcmoran. also taking a look at other names that are involved, right? you're looking at, see how they are faring. plains exploration is up 25%. mcmoran exploration up 82%. freeport-mcmoran is buying both of those together. this is $9 billion. this is about oil and gas producers and it will create a natural resources conglomerate. this is a huge, huge move. freeport-mcmoran is a name we always took to when we talk about commodities and things on the move and on a day where oil and gold are to the downside, gold in particular talking about freeport-mcmoran, copper and gold. you can see it is down 14%. that is not unusual to see an acquirer s

let's go back to nicole petallides. cole: we have seen selling across the board. this is the garage. it is being renovated. this is product alli. you can see all read on the screen. there are session lows. this is where we are right now approaching the noon hour. right now down 1.3%. just to give you a feel at how broad-based selloff really is, let's take a look at the screen. all red. many of these are dow components. at&t, wells fargo, exxon, you can see here, behind me, there is a lot of selling on wall street. concerns about washington again. there was so much high hopes that they would get it right. we will talk more about that. thank you. the politics of gun control are back front and center. we will have senator john kerry nominated by president obama and less than two hours from now. the fiscal cliff is right there as well. that is why we see the market selling off today. let's bring in david kotok. you have been worried about recession, david, right, if we fall off this cliff? >> if we go off the cliff and we st

nicole petallides is on the floor of the new york stock exchange. cole: the dow jones industrials are down. not one of the energy names have an up arrow today. there is a lookout merk oil. down 2.3%. that is something they have been working on. however, at the same time, you can see the group continues to sell off. there is so many worries about washington. the truth is you are seeing selling across the board and the financials continue to be under significant pressure. that to you. melissa: the nra is speaking out today. violent video games and movies share blame for such a tragedy and calling for armed police and such schools. >> they are already in some schools and school systems. we decided to figure out what would this cost. fox business has determined if he were to put an armed police officer in every private or public school, it would be roughly $5 billion to taxpayers assuming the security guard is making an average of $34,000. wayne from it nra had the press conference where he called uuon all kinds of issues, but made it very clear and simp

as we do every 15 minutes, we will check with nicole petallides. nicole: stock market bumping along not far off of the unchanged line so the dow industrials are up nine points worth a gain of 0.1%, the tech heavy nasdaq is one of a three with the down arrow and sweeping out a game today. we are continuing to follow nyse very closely on the heels of the deal that charlie gasparino noticed yesterday and it did come to fruition this morning, duncan neiderauer was here with the ceo of the eyes, intercontinental exchange. they were chatting about the deal that has come to fruition, $8.2 billion deal, premium, a lot of folks are happy about a meeting of two american companies. you can see the nyse is up $8 and $31.99 and in its 52 week high and some remember when the stock went over $100 so far they are not too happy with $32 at this time but they will take it because shareholders have been frustrated to a certain extent and that is the latest. lori: tell us more, give us more color what the reaction is like and how it is being received a. nicole: they do

nicole petallides on the floor of the new york stock exchange. nicole: would we got our jobs numbers, we saw the futures go from negative territory into positive territory. we aren't out of 33 points on the dow jones industrial. the nasdaq is lower. connell: there were 146,000 jobs added in the month of november. breaking news from washington. the speaker of the house john boehner. let's listen in. >> the tax hikes that the president campaigned on, that had more stimulus spending then cuts. and indefinite, infinite increase on the debt limit forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counter offer from the white house. reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. even if the president that the tax rate hike that he wanted, understand that we will continue to see trillion dollar deficits for as

nicole petallides on the floor of the nyse. a little shop till you drop, we have news on retailers, ashley and tracy. we're looking at two very key names. looking at men's wearhouse pressure when you think of men's wearhouse you think of mens suits and such. the outlook is somewhat disappointing. look how the stocks are faring. down 3.2%. vera bradley, known for stylish bags and accessories and such, also to the downside, down about 12%. they are forecasting lower than expected results for the upcoming quarter. and that obviously doesn't bode well for the full year. this is why, despite the fact you've seen some profits jumping for example, for men's wearhouse when you get outlook below estimates the stocks are getting hit. vera bradley down three bucks. back to you. ashley: we'll check back in with you in 15 minutes. tracy: we're talking about apple shares all day. apple bouncing back after the biggest drop in nearly four years. what is moving the stock and is it a buy? ashley will ask an analyst next. ashley: interesting stuff

nicole petallides on a floor of the stock exchange. e is somebody who's said washington was factored in to a certain extent. right now 85 points is not a bad day. >> fiscal cliff, fiscal goal, begging you to buy stocks and that is what you have to do, only place you can get any yield. nicole: we are looking at stocks that can be beaten down and the action we have seen from the fed making easier to buy stocks? >> as long as interest rates are zero, and you will see that going until the end of the year once we get through the tax mess with year end selling and this year we will see a real pop and a true january effect. nicole: apple, we have seen it move around a lot. what is the broadbased feeling on tech and apple? >> i love the stock but quite frankly, reinventing the wheel, you can't short company's agreement of the wheel all time. tracy: okay. nicole: there you have it. giving us some insight into this market. not bad so far. ashley: hanging in there. thank you very much in 15 minutes. nicole: tracy: service capital management has so

nicole petallides at the floor of the stock exchange. s the early loser of the s&p 500. potentially taking the company private. and it may be back on the tabling yesterday we heard reports from the tribune that it was imminent. that deadline has been pushed back. and shareholders and investors were crazy yesterday. they're selling it off at 16% what is happening with best buy. it is down 18 points. the tech having nasdaq, apple under pressure down 1/2% and the s&p 500 down 1/4%. we closed at 13,165 soviet two points negative for the week. cheryl: thank you very much. with no fiscal cliff deal in sight john boehner says he is on his way home to ohio. dennis: rich edson joins us from the beltway. if the house speaker's headed home his work is done or the chances of an accord are over? rich: somewhere in the middle and we are getting to the point where you won't see anything by christmas at least unless the two sides don't reach a deal by some time this weekend but after that meeting at the white house president obama, john boehner, aides sa

nicole petallides on the floor of the nyse. this is a stock that really is jumping big-time. up over 20%. up just about 20%, a gain of $1.77. why would looking at them today? a rare earth producer. they have intense competition in this area. one of their rivals, another company now coming into some problems to one company's problems is another company's again. we talk about their competitors they lose their license and in australia that is not good news. what happens is molly corporation benefits from this. the other thing, talking to the traders, they were talking about the squeeze. the good news, good reason to have a stock go up. but the short squeeze, this is a stock down over 50% of this year. when you get a big pop like that, they have to cover, so they have to buy in and make up the difference. that is another factor. liz: thank you, nicole. let's get to santa with today's movers. sandra: looking at the intraday chart, we have been up about 29 points on the session. certainly somewhat of a bullish start to the week, but t

nicole petallides on the floor of the nyse. moving on legal news, nicole. >> that's right. let's start off and take a close look at aetna. when you look at aetna you see it on the move. that is because they agreed to pay out $120 million to settle some class action lawsuits per takening to some practices they had paying claims for out of network care. and, meantime jpmorgan actually raised aetna to an overweight from a neutral. to a certain extent this brings some clarity. when you have this type of thing overhanging a company or overshadowing the stock, now there's chrart. chart. this is -- another thing interesting, tracy and ashley is big lots. turns out the fbi is investigating because there is a 10 million dollar stock sale by the company ceo done ahead of a negative report. that is why the manhattan u.s. attorney with subpoena is looking to this. why would he sell ahead of negative reports, a $10 million stock sale? not good. number one loser in the s&p 500. back to you. ashley: all right, nicole. interesting. thanks very

nicole petallides. nicole: we are looking at a market that is to the downside. let's take a look at citigroup. it is about 4% of the workforce. citigroup is higher. it has had an up arrow throughout the day today. we saw the dow jones industrials this week to the downside. we had two consecutive days in selling. down arrows for the nasdaq. down 1.1%. connell: breaking news out of washington. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing

melissa: nicole petallides on the floor of the new york stock exchange watching. nicole: we're taking a look, very carefully for a few reasons. they day they have had good business headlines for you. they plan to spin off the unit, security business. it snakes mechanical and electric locks, steel doors. they will spin it off into a new company coming from pressure from one of the shareholders to unleash the more shareholder values, this is one of the ways they're doing it. known for heating and cooling systems. don't forget th they recently raised quarterly dividends. melissa: thank you so much. lori: what can i do about using the uncertainty. we'll be joined to talk about the policy. melissa: there you can see the dow is weaker against the euro and tte pound. we will be right back. withidelity'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 p&l calculator. and execute faster with our more intuitive trade ticket. i'm greg stevens

first, back to nicole petallides. one investor is not too happy with this stock and the company itself. the stock is down 5%. that is obviously a significant move. why is he negative on the company? he is concerned that these supplements, health supplements and such, may just be going to the sales reps and not getting to the end user like the company claims. he said she said stuff. when you hear a big investor announcing to move their share prices like it is doing today, down $1.85. the dow is flat. back to you. connell: we talked about the big swiss bank ubs forking over $1.5 billion. two traders criminally charged here in the u.s. you look at the e-mails here and you understand. i need you to keep it as little as possible. if you do that, i will pay you. whatever you want. i am a man of my word. that may give you a reason to be angry. our question today is, does it give you a reason to avoid banking stocks as investment completely. charles payne is here, as he is every day. you had barclays and now you have ubs. more

nicole petallides standing by. nicole: we are looking good. you mentioned boehner and obama speaking once again. many traders that i have spoken with that something, some white, would get done. we are up about one half of a percent. there is the nasdaq sitting right at the 3000 mark. i also want to take a look at two names that have been making news. that is sprint and clear wire. that is about a half of a percent for sprint which is the number three u.s. wireless carrier. now, they will have full ownership of the spectrum. that is some good news for sprint. you are seeing that clear wire is selling off the news. lori: president obama and house speaker john boehner meeting just hours ago. our rich and thin was first to report this news of the meeting. rich, the house speaker seems to be caving on tax hikes, at least a little bit. rich: they have been discussing the ratio with a 121 ratio. they are talking a trillion dollar spending cuts. higher rates on amount of more than $1 million curbs on deductions congress would work out next year. democ

stocks now with nicole petallides. nicole: those breakfast meals are doing so well for mcdonald's. leading them right along. it is a top performer on the dow jones industrials. mcdonald's, we have to take a look at it. they are november sales are coming. all of these worries started to brew whether or not they donalds would launch a deal. they are back. they have winning numbers. they show growth of 2.4%. as i noted, breakfast meals doing well here in the states. of $0.89. allost $90, 89.37. the dow jones industrials, right now, are up one quarter of 1%. this is after wreaths. weeks of gains. last week, we gained about 130 points. the traders that i have talked to, continue to say the trend remains to the upside. back to you. connell: thank you. dagen: president obama pushing his plan for dealing with the fiscal cliff in detroit. connell: peter barnes is in d.c. with the very latest on all of this. peter: neither side is dishing on the meeting yesterday afternoon. both sides issuing identical statement that said "the lines of communication remain open." the best strategy for republ

. >>> let's go to nicole petallides at the new york stock exchange. cole, i'm sure you've got some uggs in the closet somewhere, right? >> actually, no. i actually don't own a pair of uggs. ashley: outrage just. >> i know. i have other loves, what can i tell you. i would love them if they arrived at my door. let's talk about the market, ashley. i really feel compelled to take a look at this intraday market here. this is market that started off with an up arrow. we had selling all day long. we thought we would hear from harry reid. then you started seeing fingerpointing. some said this is getting dirty in washington when you see fingerpointing and throwing each other under the bus. then a dramatic turnaround. it felt like we were going nowhere and be on the downside. we were as low as 12,964. felt like a day we were down 150 points and nothing would happen. then you get headlines lawmakers are convening and working overtime and working on sunday and wow, what a move in the market right, ashley? we cut in half those losses. it is interesting to see. peop

nicole petallides and sandra smith are with us. first, to you nicole.e: the question here is a real push and pull. is hp better off as one big unit or better off to be broken off into parts? it is not were broken up. he says that the company is so quick to gather.. really, this is a head to head with deutsche bank. karl icahn would basically lead for a push to break it up. now, it is dropping on the comments from deutsche bank. liz: nicole, thank you. now, over to sandra. >> look at these cocoa and sugar prices. cocoa prices flat to down today. up about 10% in 2012. there has been some major supply prices higher. there is almost constant political turmoil. they have also had that coupled with bad weather. the main ingredient in chocolate, those cocoa prices are higher as we head into christmas. also, sugar prices. they are off today. it has been a big recliner in 2012. there has been some supply of sugar and not price is down. one thing to note in the sugar market, when we are talking about hedge funds out of the commodity market, they were seen big-tim

nicole petallides is back to talk about the markets. company here speeding up some dividend and share repurchase. let's take a look at satellite radio sirius xm. the stock has been up all morning. they approved a $2 billion common stock repurchase program. also, the fact that they declared a special cash dividend at five cents a share on common stock. that will be available on december 28. not january when the prices go up. they are getting that in. almost 200 companies have done exactly that. here is a look at it right now. of 2%. a winning day on wall street. the tech heavy nasdaq is up. connell: some sports coming up. kobe bryant making nba history for the lakers. dagen: profiting. one of the biggest nail polish companies in the world. how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to par

nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any update in the talks for congressional leadership. the leader's office is me no news to report. as of now, we are

time to head down to the new york stock exchange with nicole petallides. cole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales grew. in 2011, sales for that period of time grew 2%. they are using that as an indicator that things will not be as good as we thought going into the holiday shopping season. on monday, shopper track indicated and

nicole petallides is on the floor of the new york stock exchange. we know it has done well. are people talking about? nicole: citigroup is jumping on this news. when you finally have a ceo that is making some changes, and when you have the first move, they are anticipating anything. we know that he is under o'reilly and o'reilly really has the mindset to be streamlined, also companies that illuminate businesses that are not having satisfactory returns. you are talking about 4% workforce cuts. they are streamlining the company. they are getting rid of excess, as far as products and people. as a result, you see the stock sort. you can see it is up 7.7%. back to you. liz: thank youuso much. at 4:00 p.m. eastern you will hear from the president and ceo john kennedy of pandora. are they active members, that is the question. the fact that a lot of people like this company, he is the special guest coming off at 4:00 p.m. eastern. remember december of 1999. let me remind you. the meltdown that was sure to begin. my next guest says the fiscal cliff is simply y2k fear. joining me now i

our own nicole petallides is standing by on the new york stock exchange. nicole: you are seeing back-and-forth action on the dow jones industrials. they do seem to like it because basically it is the fed putting everything on a silver platter here and is giving it to the world and printing more and find more. it is doing that for an extended period. the people on wall street are saying what are they trying it to unemployment rates you saw the market selloff and now regain its footing. you do the qe forever. gold will be something that we should take a look at. the dollar is something that we have watched slipping away. it is continuing to do that. we have seen things and drugs doing well. the dow jones industrials are up they have of a percent for the sixth day in a row. people were thinking that the fed would have a very accommodative sense. one of the things that we should look at is the market is very reactionary. the truth of the matter is they are not pulling anything and they are not raising rates anytime soon because the economy is not sustainable on

ashley: let's go to nicole petallides at the floor of the new york stock exchange.of rim, research in motion. rim it is for real. shares of research in motion. research in motion has been beaten down the past couple of sessions. concerns of a new structure put in effect, and what they were going to do is use a tear factor, those tiers, is unclears unclear how they were going to break down. it contributes to the research in motion revenue. for two days we saw the selling from the blackberry maker, and now it is bouncing back and a nice performance. talking to the analyst talking positively saying it has been beaten down. the blackberry 10, january 30. put it on your calendar. ashley: people looking for that. doing better. thank you. the u.s. struggles to think about the fiscal cliff, is it time to invest your money abroad, overseas? while europe has many problems of its own is an understatement, joining us now, investment chief economic strategist, fox business exclusive. thank you very much for joining us. international fund up 20% year to date, how did you manage t

we will begin with nicole petallides at the new york stock exchange. good morning. nicole: we did have a moment of silence for those in morning. our nation is in morning. let's take a look at the names on the move this morning. you can see some accelerated selling. 13% to the downside. it has been virtually flat. clearwater for $2.99. it is even below that particular level. we knew that sprint are ready to part of it. here is some economic news. not that great. it was down again. five months in a row. in japan, they had a big election. a lot of people have been hot on that. there is a look at the dow. drug and bank stocks doing well. back to you guys. connell: we will talk to you about the latest developments in the debt to go stations. john boehner with a new offer on the table for the president. essentially, a billionaires tax. the speaker laying down a trillion dollars in new tax revenue with that offer. only in return with spending cuts from the president. time to make a deal, do you figure? >> yes. i actually think the horrible tragedy in connecticut will contri

nicole petallides on the floor of the new york stock exchange. of the names on the dow have been in the green all day long with the exception of mcdonald's and traveler i wanted to take a look at aig. take a look at the treasury department says they sold the remaining stake in aig. up 5.5%. it was the biggest bailout back in 2008. we covered it from top to bottom. here is a look also at morgan stanley. the banking firm is considering whether or not to seek some regulatory approval. the last time they bought back shares was in 2008. they could be making the request in january. we will see whether or not they actually do that. back to you. ashley: thank you. we will be back in 15 minutes. tracy: we have been talking about it. small business confidence. build local blurb is here. plus, why investors should brace for a drop in the stock market. ashley: the dow is higher by over 100 points. the euro is up. it is getting more expensive to go to paris and london today. not so much in canada. we will be right back. ♪ americans are always ready to work ha

dennis: at the top of the our stocks every 15 minutes but nicole petallides at stock exchange, we arecole: not bad at all. dow jones industrials above 13,300 so they are feeling pretty good right here, december has been a pretty decent month. we see financials jumping, many of them over 10%, names like morgan stanley and banc of america and citigroup switching to the upside, december traditionally is an up month, the best performing month for the s&p 500 when they trekked to the 1950s and we are watching every headline from washington. rich edson will delve into a more. the hope of solving the fiscal cliff helps this market so every time we get closer to what we see an up arrow and when we see how far apart they are we get down arrow that is certainly the worry on wall street, right now you see the dow, the nasdaq and the s&p posting up arrows and the nasdaq and s&p over 1%. cheryl: we will get details from our commentators coming up. breaking news, details are coming in fast and furious in the last hour of markets now, the white house moment the rejecting john boehner's this booklet

let's get market reaction from nicole petallides at bent nyse. ddenly plummeted back down. nicole: we see volatile move and the dow started jumping up 30 points and the price is over 42 points. starting to get bits and pieces from the fed and we see it will back, the 10 year treasury jumping out, 1.68%. traders looking at getting a lot of what they expected but also to hear more about when they might do some tightening and also unemployment remains elevated. why are they doing this? this is a double-edged sword. if they did nothing that would be bad because you don't get all the free printed money and if they do something it is basically saying in their words, not mine, economic growth is not strong enough. its own. that shows you we are still in a really tough spot. that is putting it out there to the world. the economy still stinks. cheryl: i want to go to jeff flock now. the dollar beginning to erase that fed announcement drop that it took. jeff: i am standing here talking to traders. this just makes some people crazy. talking about the action

nicole petallides rejoice.to open 1500 more stores in the united states in the next five years. also planning to extend overseas making china the second biggest market in the world. this might indicate the company to be making a turnaround at the closing to percent of its u.s. to respect in the late. obamacare is going to hurt both doctors large and big businesses. our next guest is a small -- a doctor and not read the small business. sorry about that makes up. you are a doctor, chiropractor, and you operator chiropractic office like a small business. >> yeah that right. stuart: you're going to stop taking any kind of insurance. you want cash only. >> the thing is, i decided to start a 1-1 i realize that the bureaucracy was trying to tell me how the practice. but terry is when they come and pay for a service that deserve the best. the reservoir on the percentage you. if i have to talk to somebody about how i treat them and i commend you for it. unlike with your doing. if your clients are paying hard-earned mone

sandra smith has her ear to the ground on corn but first to nicole petallides on the floor the new yorke. nicole: i want to take a look at the new york stock exchange. the dow jones industrials up 117 points. we are holding on to significant gains on wall street. the s and p posting a gain of nearly 1% and the earlier high, john boehner over the last half-hour and traders watching closely in the interday, shows you we pulled back a little bit, the language he useds and wall street looks into washington language and a couple words seem negative or cautious and seem to get back on track and trying to play it in washington and get the job done and solve it before the end of the year before the deadline has been moved up. here's a look at major averages up 100 a points on the dow still winning here. let's look at dollar general. not good news, coming under pressure and this is a cautionary tone they have given talking about competition and pricing, 5% for dollar general. what is going on? sandra: looking at corn prices. long time since we track these the bareback and a picture of the hedge

let's go to nicole petallides at the stock exchange, a big dollar and the casino world. nicole: we are looking at two casino stocks, looking at america, and -- liz: mohawk hitting an 52 week high, a ceramic manufacturer, getting a boost from the housing market. >> making this purchase under way, like mohawk and we are having a winning week on wall street, feels like a terrible day but it is not that bad. liz: they were having a great week. dave: they end on a bad note. >> 110 fresher. dave: let's look at how everything is working out, we see all indices and the dow is down significantly, triple digits to the downside but recovering a little bit as we go to the end of the trading day and the trading week, it was down 3% last night, the futures were down when they looked at the collapse of plan b from john boehner it has improved dramatically but you can't put too much lipstick on this, a bad day on the markets and the s&p down more than the dow. and nasdaq the big loser down almost 1%, russell 2,000 not too bad, down 1/2%. liz: you might be ready to hop on planes, trains a

we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the stock. it is near its lows of he day. their earnings will miss the analyst estimates. same-store sales dropping 3.2%. as a result, sales have diminished. how about the major market averages? the dow is higher, but the s&p and the nasdaq are lower. dagen: republicans finally pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to imagine what a deal may look like. >> i think that is right. they have been adamant in saying we want more revenue. they have kept the rates down. they have had spending cuts. i think they will find a deal just over a trillion in revenue. dagen: it is a turnaround for the republicans to say that we will raise revenue. how they get to it is very different from anything we have heard from presid

nicole petallides at the new york stock exchange with the details. king a close look at facebook. in marc market check across thed where we're getting close to the closing bell. less than 11 minutes we will here the closing bell. a shortened trading day today. a loss of almost half of a percent. the nasdaq and the s&p also lower. the majority of shares to the downside going from sector to sector, dropped stocks and bank stocks are lower, earlier we brought you around and showed you mcdonald's and halliburton and goldman sachs and jpmorgan always down arrows. obviously not too much of a conviction to the market one way or the other. everybody is waiting eagerly. take a look at facebook. i look at the users. visit $38 ipo back in may, dipping down below $20 clawing its way back. talking positively about the mobile possibilities for facebook and that is one of the reasons it is so hot on facebook now thinking revenue will pop. as a result, up 2.5%. ashley: nicole, thank you very much. microsoft's new windows 8 failing to have a pop in sales. calling sale

stuart: nicole petallides walking yum brand. what is going on with the stock? was dealt a blow, stock is down 3.5%, after looking at the food turns out kfc in asia and china supplied with chicken that contained excessive antibiotics as reporting the administration's sentiment, facing intense competition and forecast sales that were going to be lower, taiwanese chicken, they have been tense competition. here is the part that freaks me out for lack of a better term. eight of 19 baskets of the chicken samples were sent to the testing laboratory in 2010-2011 that contained overly high levels of antibiotics. this was going on for an extensive period. eight of 19 badges, less than half of the badges, that is a good percentage you will get these chickens but too many antibiotics. stuart: that is why stock is down, the china market is the most important market for yum brands. that accounts for the stock rise recently doing well and pulling back because it has a problem with chicken in china. we hear you, thank you very much. the dow jones averages back to a loss, tripl

nicole petallides, let me ask you?re collaborative, they are tough and they're going to work together. i like the idea. i think it's going to be great. stuart: i'm glad you're on board with a positive approach to the news this friday. thanks, nicole. back to you in a second. and we have apple losing its cool while rim has the blackberry, one last shot. news on two smart phone makers in desperate need of a jolt. that and the opening bell next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. every human being is unique. and theris one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extrtraordinarily comfortable sleep number eerience. an exclusive clection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjus

nicole petallides on the floor of the stock exchange. s seem to be taking down the markets today. nicole: that is the environment we have been in and for much of december, the worries continue and they escalated and never thought we were coming to some sort of bipartisan agreement, we didn't get exactly that so we continued to sell off a you see that the dow is down 89 points which is almost 3/4%. the nasdaq and the is and be down 8%. when you talk about the month of the summer the most major averages the to the downside 1.3% and diaz and be handed out virtually flat. despite a great year on wall street they are high here. here's a look at the vix. the vix is up 4%, it is known traditionally as volatility and a fear engage and that is what we are seeing. is up 20.6 and that is the first time we have seen of except this time. people are nervous. ashley: thank you. president obama just arriving at the white house after cutting short his hawaiian vacation. the senate trickles back into washington for a last attempt at the fiscal cliff compro

nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december 24th. there are kids running around here. it's a very random day on wall street. the traders will get together and sing the traditional song which represents hope back in the early 1900s. some names are weighing heavily here on the major averages. a couple names squeezing out gains like alcoa and home depot. let's take a look at the retailer jc penney. you do see it doing particularly well here. oppenheimer has talked about the fact that there's traffic. there's people going into the stores. they are doing a lot of promotions over at jc penney, and that's actually helping them out. a lot of kids here today, obviously, on a day where we're waiting for the big holiday. all right. there you go, merry christmas everybody. dagen: thank you, nicole. dennis: president obama and house speaker boe

nicole petallides is on the floor of the new york stock exchange. nicole: it really is a time to shop. let's take a look at the major market averages. the tech heavy nasdaq is squeezing out some games. it is up about five points. some other traders talking talking about the fact that yesterday they got a lot of monetary policy. then they start to get economic news of things the a little bit better. they have to digest each piece of economic news. there is a look at the dow. 13,237. it is down about eight points. let's talk about best buys. from 1956, that is when he founded best buy. he is moving ahead. it could be by the end of the week. it is up 15.5%. connell: a news alert from washington. you will see it here live from d.c. as we wait for the speaker, we will hear from a guy who says >> whatever god deal is signed, there will be a lot of pressure. boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finall

00 eastern because that is when the vote will take place that the traders watch it and so is nicole petallidese floor of the stock exchange, standing at a place that will be changing the ownership, intercontinental -- that has to be the topic. nicole: this is the topic. monumental day on wall street. this is the 200-year-old institution and now

nicole petallides is there on the floor of the new york stock exchange. some breaking news.e have the latest reading on the homebuilders sentiment. we got a number for you. it is 47. that's a sentiment indicator. it's up for the 8th straight month. i think that that suggests still housing is a bright spot in the economy. you agree with me? david: specifically with homebuilders because there have been so -- that sector had been so hardly hit by what we've been going through over the past five years, the number of home contractors has decreased from something like 1.4 million down to about 600,000 right now. so there is tremendous room for new home building, and there is supply and demand issue there. charles: oh, david: a lot of people don't want to go out on a limb, they want to look for safer, there's no return now on government bonds or corporate bonds so you have to buy real estate. stuart: you agree with me as well? charles: no, i like individual stocks. david: we are not all as smart as you. that's the problem. [laughter] stuart: boehner is in a meeting with republican

nicole petallides is looking over at the stock exchange. nicole: a close look at autos zone.n we talk about autos zone and autoparts dealers we are seeing them coming under pressure so let's take a look at autos zone. in particular, they came out with revenue for the quarter and missed analysts' estimates again for the third time in a row so there noting they had fewer customers and something else they noted which was interesting, cited a warmer winter. why does that matter? it turns out where and tear on the vehicle land with a warm winter without snow and tough environment during the winter season people in need as many parts throughout this summer and the months following the winter season so as a result youths are seeing stock down 3% but had boys came out with some numbers and you're seeing these autoparts sailors under pressure. advance auto parts has been under pressure as well. those are the names we are watching. your customers, less demand for the parts. liz: thank you very much. $1 billion trade was par for the course from a next guest. for five years he was head,

nicole petallides has more. >> that's right. they come up with some very key findings. as you can see, the gap has limited inventory liability to a milder winter. products with a state-run right. it was a disappointment with too many basics. where are all the fresh fashions? that's what they said about eric postel the region's traffic checks. that has turned positive. you are trying to find out last-minute get it you have to get. this is what shoppers do during the holidays. back to you. liz: i have to tell you that i went into michael kors yesterday. you could not move. that has been quite the performing stock. i think it is at a 52 week high for this relatively new company that recently went public. why not coming down 3%. that tells you anything, you know, this would be a beautiful performance. it looks like no one can do well today. >> michael kors is a hot name. accessories and everything. don't look at the stock price today because everything is so enough today. liz: thank you, nicole. thank you very much. it has been an incredible year on account of the closing b

nicole petallides with details as to why. ole: you think of diamond foods you think of the peanuts and the top-secret popcorn. it really is a household name they came up with numbers in the fourth quarter loss, not good news. that is why the stock was tanking today. all kinds of charges they had according to an accounting scandal investigation, that actually hit their numbers as well. this is why diamond foods was coming under some significant pressure today. back to you. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard medicine now. do we want pay now and better later, or suffer now and not be better off later. lots of fixing to do. if we get a stronger growth path for taking more heart medicine now, th

let head back to nicole petallides on the floor of the stock exchange. what are they saying? nicole: looking at research in motion after-hours shares on the rise and earnings per share revenue be the street, everyone eagerly awaiting the blackberry 10 january 30th, '22 cents, the estimates of $0.35 and revenue coming in better than expected as well for blackberry and there is $2.66 billion over the last three months, stock has been soaring over the last three months, 89% so certainly a lot of anticipation for the blackberry 10, i am home for the holidays and they are waiting here springing about. [talking over each other] >> finally.org. [inaudible] >> bidawle. liz: thank you. ashley: research in motion reporting earnings moments ago. liz: m k m parter is managing director and senior analyst. what do you think of these numbers for subscribers on the blackberry? disappointing or could have been worse? >> thanks for having me but it was right in line with my expectation. i had seventy-five million, consensus was eighty.3, this is a mixed report but rally in the stock will contin

nicole petallides with talk about this earlier, but that is enough to boost the stock.ales in china friday, can you imagine the lines? sec don't airlines is soaring. up nearly 6%. delta says they will buy 49% of virgin atlantic. the price tag more than $300 million. and arg runnin rounding out thep three. treasury department selling remaining stake in insurance provider that broke yesterday, but today the flow continues into aig stock effectively closing out the largest government bailout since the financial crisis hit in 2008. let's look forward, all that and the start of a two-day fed meeting. the traitors all over the place. your stock exchange, cme group and the nymex. looking at a day like this, we're up off of the highs because we have a higher 36 points on the dow but is a pretty decent day when there is still no real clarity in the beltway, what is it that has people so positive? >> as you mentioned this is five updates for the first time since march. we're looking toward the fiscal cliff, possibly ben bernanke comes out and says more. it seems everyday we don't