and nyse deal talks.rger could come as soon as this morning. [ male announcer ] you are a business pro. omnipotent of opportunity. you know 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. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> good morning, and welcome back to "squawk box" here on cnbc. i'm top story, ice and the nyse are in merger talks. the transaction is expected to be funded a third by cash, one-third by cash and the remainder by stocks. the number puts the price tag at backside 8 billion. and as this story as david was talking about last night, ende

remember, they partnered with the nasdaq in that ill-fated bid for the nyse when the nyse had a deal of its own to be acquired by or merge with deutsche borse. that much more a merger of equals. here, four board seats, expanding the ice board to 15 from 11 they will add four board members. no reason do this. this is an acquisition, not a merger over equals. >> all about the growth in the derivatives business, slow down in the cash equities business where the volumes are drying up, the margins are getting squeezed and we don't know when that business will return, several years or if there is a secular change in the way people trade now. this is the latest extrapolation of that story we have heard so much this whole year. >> these are all together the get-go deal for night. who has the power? who's the customer? who is going to make money off of trading? is trading equities just a vestige of futures? >> will it ever come back? will it ever come back? see normalized? >> ice want the equity business, david? >> they do >> they say they want it. say they are still in it. euro next over in

nyse. does it get spun off in some other form or sold to a london stock exchange or a deutsche boerse? >> why would they buy it, bob? >> nasdaq obviously wanted it. that's not going to happen because of regulatory concerns, about there are other people who might want, it still a business, even if it's a low-margin business. >> steven guilfoyle this, obviously raises so many questions, one of which is how will this affect the people watching? how will it affect how stocks are traded, if at all? >> well, you know, this is so important here on the floor, and through the last few years transparency has been an issue, transparency has been an issue. there are some who know regulation is coming that will centralize and regulate the point of sale and that's a very big positive. maybe it's not a negative. a lot of people what are we going to do now? i'm thinking the other way. we're already trading at the lows here. maybe this is a real positive. >> rick santelli, what are you hearing down there on

and so i think you're going to see these two companies combine with ice taking over the nyse. you're going to see a much stronger company, a company that is going to do very well. and i think the stockholders are going do very well because of that. >> susie: we're go stock watching that story right here in our backyard. we will be watching it closely. thank you so much, real pleasure talking with you. senator judd gregg, former republican senator from new hampshire. >> i'm >> reporter: i'm ruben ramirez. still ahead, we'll take a look at how mobile payment technology may soon replace having to carry a plastic credit card. >> tom: we got another look at the economy between july and september, and it grew faster than first thought. third quarter gdp was revised higher today to just over 3%. that's up from the first estimate of 2.7%, and more than double the growth in the second quarter. fast forward to last week, and more americans filed for first- time unemployment insurance. new claims for jobless benefits rose by 17,000 to 361,000. but home sales continue strengthening. sales

that's very good news for nyse share hold erts. the second thing is, 28% premium for nyse shareholders. that premium is based on some significant cost energies. that's a fancy word for generally head count reduction. they were talking about $300 million in additional cost reduction on top of what they're already doing. so a lot of my friends up hstai at the nyse a little nervous about what that means for 2013. guys, back to you. >> bob, thanks very much. >>> as we know, christmas just around the corner. most of our elected representatives have left washington and gone home for the holidays. >> lovely. what are the chances that the two sides can rise above and reach a deal before january 1st? representative zander levin and judd gregg joins us. >> thank you for joining us. >> thank you. >> representative, let me kick this off with you. you say you want the speaker to rise above his role and put the country first. what exactly would you like him to do? >> i think he has to go back and talk to the president of the united states. i thi

that is why you see nyse shares jumping to new highs. sprecher, ceo of ice and duncan niederauer ceo of nyx, they're obviously happy with this deal. sprecher went on to say, traders keep talking about it, he wants to keep the nyse floor the way it is. there has been talk about moving into more electronics and such but for right now that is not the tune that they're delivering. back to you. tracy: i'm sure a lot of guys down there are nervous about it. we'll talk more about that in 15 minutes. thank you, nicole. ashley: house speaker john boehner says he is very confident his so-called plan b for the fiscal cliff will pass in the house later today. he spoke within the last hour. rich edson following all of the trials and tribulations on capitol hill with the very latest, rich. >> well, ashley, democrats and republicans for them the political posturing continues. that is not a good sign. aides say the president and speaker haven't really negotiated in the last few days. that's not a good sign. if you look beyond it, one way forward here, m

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

nyse's surges right now. it is to create shareholder value el

nyse's

bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some republican members starting to break ranks with the leadership on the tax issue. there's talk now that some republicans might be willing to accept higher taxes for the wealthy. this would be a break-through. we're monitoring that. now to what sue was talking about on apple. there are some firms raising margin requirements. i think the main catalyst today was an at&t investor conference where executives of at&t gave sales figures for smartphones for the first two months of the quarter that basically implied sales will be flat for the quarter compared to the same period last year. thi

it is the second time around, about two years ago ic teamed up with the nasdaq in a bid for the nyse. this was blocked because regulators were concerned about all stock offers being under one roof in new york. according to sources, deal could be worth about $8 billion. that would constitute about a 37% premium to wednesday's closing price. but stand by for more detail on this possibly today, mark. >> karen, thank you. as always, let us know why you're awake and watching. shoot us an e-mail at waytooearly@msnbc.com or tweet me @markhalperin. >>> still ahead on "way too early," the jets find one possible solution to the whole sanchez/tebow drama. dump them both. it appears gang green is ready to carry out a quarterback shuffle new york style. >>> plus, it will be a nasty commute as a winter blizzard rips across the midwest and towards new england. bill karins will have a check on the forecast when "way too early" comes right back here. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove [ male announcer ] introducing the celebration diamond collection. zales is t

as we speak shares of the nyse are surging 35% in the premarket.ember the nyse euronex is a public company and you're seeing these shares surge, carol, because the deal values it at $33.12 a share, that is a premium of 38% over wednesday's closing price, the actual trading of stocks. it's been overshadowed by derivatives and options. that is i.c.e.'s territory. when you see the marriage territory it's well thought out. it's an iconic brand, a way to leverage all of that with something new. i must add we did speak with one trader this morning, carol, who said it's kind of sad because the greatest institution in the world is going to, has to be taken over to kind of survive in this new day of electronic trading, but at the same time if you're an investor, at nyse euronext in the company itself you're making good money at this moment. >> alison kosik at the new york stock exchange. >>> when people paid tribute to the victims in newtown they usually don't answer the gunman's mother. how should nancy lanza be remembered? >>> the question for you this mo

>> if you're talking about diversified businesses, the nyse and ice is clearly the big cahuna in theoom right now. that may have some effect on trading. certainly futures and derivatives is where the world is going. to the extent people are trading that and they can make that business more efficient and stream lined, it does opportunities here. i think it will put the exchanges back in play. for a year and a half they haven't been in play because regulators have squashed a lot of these deals. singapore and australia was squashed. i'll tell what you is really interesting. they haven't named the company yet. the big question is are they going to keep the stock trading business, which hasn't been doing well. if they call it consolidated trading or international global exchange, does not have the word nyse in it, that will be very telling. my bet is in a year, two years now-from-now, they're going to spin off or sell the cash stock trading business. typical buyer might be london stock exchange. i want to see what's in that name. >> the optics of not having new york stock exchange as the

the fourth lightest day so far in the nyse. markets got complacent, got a little excited about getting a fiscal cliff resolution and we just haven't seen one. >> and deciding then at the last minute i don't want to sit in my positions if we aren't seeing any type of agreement between bainer and obama. by the looks of things, we might not be. but it's christmas. >> i know it is christmas. >> are you doing anything special? >> i'm actually prep ago turkey later today. i've got the rochini mushroom basting. >> i'll be over at your place in about three or four hours. >> it might take me a little longer than that. >> you never know. in denmark, it's our christmas eve tonight. >> so tell me, are you cooking today? >> i'm not. we're going to be with friends. we're going to have a fantastic dinner tonight. i was with the family over the weekend. loads of snow. almost got snowed in in denmark last night. >> a white christmas. >> super white christmas. gnomes are everywhere. the little guys out under the trees. >>> the deadline to avoid

among our top stories, nyse and euro next merger talks. deal could be announced as early as today. >>> fiscal cliff negotiations and brinkmanship, republicans set to vote today on extending tax cuts for those making ls

take it down to sue at the nyse. >> i have kenny poll carry, independent trader at the nyse with me. you made a note in your morning note that we are stuck this in range until we get progress. >> look where we are, between 1400 on the downside you can and 1420 the upside. today, done absolutely nothing, at 1404, 1406 all day, not a lot of action, not a lot of activity at all. people just in this wait and see mode, right? more chatter out of washington. i think a lot of people expecting the interview with the president, hear what he had to same the market got weaker after spoke. >> down 18 point on the trading session now the volume disturbing now, because there is none. >> that just tells that you investors are, a, exhausted, and b, not going to make decisions until there's more clarity. until there is clarity, this is what we will be stuck n >> might as well start the feast of the seven fishes. >> the lobster sauce. >> recipe tonight. listen, got celebrate something. >> start somewhere. all right, kenny, thanks very much. ty, back over to you. >> thank you very much, sue. >>> one im

bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happened just a few months ago. i think that's why it is very important. elsewhere, defense stocks. here is a group that's very wor

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nyse euronext. unlocking the world's potential. can i still ship a gift in time r christmas?h, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. liz: fox business market check, cruise operators, carnival, lower by 6% here, a weak outlook for the fiscal year blaming the trend of cruise goers booking their trips closer to when they set sail for foggy visibility. this comes ahead of the wave season when travelers book the majority of year's business. right now, looking at shares there, royal crabbian down about -- caribbean down about 2% there. not a great day for the cruise lines. what are the tell-tale signs that tell us what the 2013 economy and markets look like? signals that tip us or money people out there, a, the mayan apocalypse, a baby bump, or, country, new tax laws in the u.s.. guess; right? scott freeze, street run financial president, the answers in the fox business exclusive. i know really smart people scared about the mayan calendar tomorrow. like, dude,

nyse euronext. unlocking the world's potential. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. >>> our second story out front, a decent proposal after laughing off the president's proposal last week to avoid the fiscal cliff, john boehner today put out his own terms for a deal. which he says adds up to $2.2 trillion in savings. boehner's deal includes $800 billion in savings from tax reform from closing special interest loopholes and deductions. $600 billion in so-called health savings, which includes changes to medicare. 300 billion other mandatory savings. 300 billion in further discretionary savings. the white house swiftly shot it down. until the republicans in congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant balanced approach. >> a man who's been called one of the keys to reaching a real deal. we appreciate it. >> thank you. >> let's begi

nyse euronext. world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. >>> there is something intrinsically inspiring in people overcoming great adversity and when they do it at a very young age, it's even more impressive. so you can imagine why our dr. sanjay gupta was so captivated by a college student in the midwest who this football season marched to a very different drummer and led a lot of people along the way. ♪ >> reporter: as a drum major from marching ma zs zoo, paul headings is living his dream. it's a new dream, because his original dream of playing professional baseball was disappearing. >> september 7, 2007, just barely into my junior here of high school. >> reporter: the 17-year-old woke up and his world was changing. >> everything was just a little blurry, it didn't seem like anything was wrong. >> reporter: but something was terribly wrong, his retinas had started to detach in both eyes. >> i

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nyse euronext. unlocking the world's potential. to a currency market for evyone.tial of fxcm unlocked. nyse euronext. unlocking the world's potential. well, having a ton of locatis doesn'turt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. lori: dell is back. at least for a day today. up 4.5%. heavy volume making it our power over of the hour. dell getting a thumbs up from goldman sachs. price target going from nine dollars to $13 a share. open analyst saying the earnings estimates have already dropped significantly. the risk reward in the stock is favorable. goldman also talks about strengthening the balance sheet. todd news has turned two week pc sales. all right, retailers on the red today. especially from the department store chains. lauren simonetti has the latest. >> jcpenney down by 3.5%. for the fourth quarter, the all-important holiday quarter where many really tailor's if 40% of their annual business, jcpenney can see their same-store sales

let's get market reaction from nicole petallides at bent nyse.uddenly 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

nyse euronext. unlocking the world's potential. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> shares of pandora being hammered. pandora cutting fourth quarter earnings and revenue outlook. down more than 17%. you are pointing out interestingly that off of the back of the netflix deal you saw a rise in pandora, as well. >> people on the street run portfolios. they d

today nyse agreed to be acquired by intercontinental exchange, a new upstart with not even a dozen years of trading under its belt. this went from $24.32 and change, had a fantastic appreciation, which shows you how an icon being american business can be worth much more than it's trading for, providing a competitor gets to acquire it. separate these companies, know what they are? they're part of a dog eat dog unverse of exchanges and an industry with way too much capacity. together they become the global power house that can dominate futures trading. in other words, this is a dodd-frank legislation made me do it deal. it shows both companies are willing to do what's right for you, the shareholders, even our f our leaders aren't willing to do what's right for you, the taxpayers. sadly the new york stock exchange is something that we used to come into a newer company because the equity business, which is its bread and butter, has shrunk and changed dramatically. it's kind of more like in english. it's for the worse that it shrunk. i suspect stocks will become a very small part of the enoug

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the nyse has been out there trying to sell itself. they almost had a deal.y had it but it didn't make it to the finish line. >> geez, david. i mean, people know you and the stock's up $6 and you've been talking for about a minute. so they don't say, well, who is this guy? what does he know? it's already up 6. you'll need to call in tomorrow, too. i'll be here early, david. why don't you come in? that's a yes. >> you know i'd love to be with you face to face. >> come in! >> i'll see you in the morning. >> let's go back to the bailout discussions and bring in edmonds.com senior analyst. you don't take a cynical view of this at all, michelle. you think this is all good, for the company, the taxpayers and the customers? >> look, we knew there would be some loss. i this itnk it's time for the government to get out of general motors' business and general motors is ready for them to get out. it still will take time. >> there are people that go and guy a ford because they have a principal against buying something where the government is a big shareholder. >> think t

nyse euronext. unlocking the world's potential. anne's tablet called my phone.e's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. [ female announcer ] with cisco at the center, why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't

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nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext.the world's potential. i look up to a lot of the older heads, you know, the innators, the heads of the art movements of the past. they keptt really edgy, and, like, a lot of the latin american muralists and the latin american artists, their styles are very unique and new to their time, you know, somewhat controversial, but that's who i look up to mainly. personally, i'm very excited about going to college. it's something new, and it's something different than what i'm used to. i'm definitely going to be a little out of my element, but that's what makes it so exciting is that, you know, it's something fresh. well, there's so many opportunities that i think i could miss out on if i didn't go, you know. gettingnto college takes planning and vision. you know, it's just like when i take a brick wall and turn it into a canvas for my art. painting's helped me realize i've got what it takes. >> from the fox business studios, here is gerri willis. gerri: math and science experts. its known as t

nyse euronext. unlocking the world's potential. [ 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, hoho! male announcer ] lease a 2013 c250 for $349 a month atyour local mercedes-benz dealer. >> fema is doing nothing still, just going around in a circle. denied, denied. >> this is terrible. it's gets worse. it's not getting better. >> they blame george bush for katrina. where's obama for sandy? >> how much time do i have to wait? it's been a month. neil:hile they were suffering, and fema was shopping, e-mails making victims more angrier with a first responder saying when he got to new jersey, ty told us to go to the wal-mart nearby because they didn't have assignments for them. the fema administer says my people are told to go sightseeing. even those who don't flip over him personally are qckly acknowledging that he g and continues get more don to helpeople out there than

nyse euronext.nlocking the world's potential. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> look at one of the many memorials for the victims here in newtown tonight. as we mentioned earlier, it's the first time since friday's tragedy newtown students returned to classrooms. every school but sandy hook elementary has reopened. the question is, what should be routine, of course, is no more. returning students and staff are met by more police officers and counselors than there were before. for some today, it was their first chance really to talk about what happened with their friends. with their teachers. kim joins me now with more. it had to be an extraordinarily difficult day for the students. >> a difficult day but a really necessary day. we spoke to students and parents. what we were hearing, parents say they're eager to get back to the routine. they know kids like routine. if you're a parent, tha

nyse euronext. unlocking the world's potential.rtburn symptoms causedieve by acid reflux disease. osteoporosis-reled bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. ♪ gerri: speaker john barrett today calling up the white house saying their wasting time and president obama is bringing our economy right to the edge. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that

my partner here on the floor of nyse joins me in the action. 24 hours ago we were sitting here with a triple-digit gain, actually. now, there is disappointment in washington. >> let's just say the markets are digesting all of this news today, that means moving side ways, a fancy word, folks. we are talking like 30 points. that pretty small. and the president sounding alternative sounding con ciliatory and often combative as you hear from john harwood. here is the bottom line. big movers, bank stocks, home moving stocks, that sue just referenced. all basically flat today. if you take a look at the one sector though that is still continuing to have a great day, doing it day after day and that's airline stocks, very positive traffic metrics from airlines in the last few weeks and these stocks have been moving up virtually everyday. there is your market today. this is a quiet day when you see airlines as the market leader. >> true. good point. we will see what happens when we ceci you see you the next half hour. >> what is the likelihood before the year's end. a democrat from new jersey s

nyse euronext. unlocking the world's potential. ♪ . melissa: so lawmakers in d.c.ight also be getting those huge lumps of coal in their stockings this year that is if they make a deal on the fiscal cliff. president obama urging republicans today to quote, take the deal. while speaker boehner is gearing up for the house vote on his controversial plan b. where exactly do things stand now and what is going on behind closed doors, right? isn't that what we're all wondering? joining us republican senator kay bailey hutchison. senator hutchison, thanks so much for joining us. >> thank you, melissa. melissa: outside the beltway we're all watching and we feel like we're a million miles away and it is very hard to tell what is actually getting done. do you feel like things are getting closer to being resolved or what's your take? >> well, it's very frustrating for all of us but i do think that there is more talk and, you see the posturing on both sides, which means that there is talk. i'm fairly optimistic. i do believe that the fiscal cliff is something we should not go ov

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you can't get rid of the nyse, can you? >> no.ed on a front of the building in limestone. i don't know what the group will be called. we haven't talked about it. >> you have the eyes brand, what we are committing to is all brands will survive but we won't get into the name game. everyone should have a nice holiday. >> between us we will be operating 14 global exchanges in five clearinghouses. [talking over each other] >> we were saying that last night on the way back from london, if i scott their field done and we got our deutsche boerse deal done we would not be having the pleasure of your company. >> nasdaq hostile takeover. >> no. at the time i did that deal wanted to do that deal. [talking over each other] >> i have aspirations. charlie: we will leave that to another interview. back to you. ashley: thank you. back to the markets. i want to show you the dow industrial average up seven points, not much of the gain, not much of a reaction to the background which is positive, solid numbers on the housing industry. a very tiny gain

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nyse euronext. unlocking the world's potential. with odor free aspercreme.ieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> a positive jobs report on friday serves as another reminder that the fiscal cliff may be obscuring the fact that america is actually poised for an economic renaissance. short-term indicators are looking good. jobs are being created. consumer debt is shrinking. goldman sachs said last week despite a market rally this year, stocks can rise another 10 to 15% in 2013. forget silver lining. how about the golden lining around the economic cloud? with mortgage rates expected to stay low through 2014, home affordability is as good as it's been in generations. that's going to attract buyers who have b

nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext.king the world's potential. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >>

nyse euronext. unlocking the world's potential. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. this holiday season, get a 2013 malibu ls for around $199 per month, or get $1,000 holiday bonus cash. get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue. >>> well, he might be the most powerful republican in washington and has not been elected to anything. 248 members of the house and 41 senators in the 112th congress have signed grover norquist's taxpayer protection pledge. a promise to never raise taxes. at one point, not signing would have been political suicide for republicans, but now, fears about the fiscal cliff and america's debt are pushing some seen here to renounce the pledge. i've been highlighting members of congress who have recently said they're getting over grover.

nyse euronext.locking the world's potential. >> >> bill: and by almost every measure, traditional forces in america are under siege despite what bob beckel says. how should individual americans react to thatro on both sides. joining us now is laura ingraham. you heard my talking points and you heard bob in the discussion. go. all, didfirst of perino and gutfeld put beckel's head in some type of vise and squeeze it? what's going on. there's no problem with christmas. there's no attacks on religion in the public square. susan rice was treated unfairly. we're living in a parallel universe. look. most people realize after the election as often happens in politics, the side that wins, the democrats, feel very heady. they're very cocky. they feel that the country has shifted so b much both politicay andra culturally that they can push all of these issues. >> bill: and they are. >> they can push more benefits for illegal immigrants. they can take the fight against religion and christmas and do a variety of

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