back at the gun shop in california, pete shows off a version of the ar-15 rifle he has in stock. similar to the weapon that was used in the connecticut shootings. he is unapologetic. >> the second amendment isn't about hunting guns. it isn't about target shooting. the second amendment is about the power of the people to protect themselves from a government that has become oppressive. >> reporter: politics versus profits. how that's resolved will determine what will be sold in the future. for "nightline," i'm darren rovell in new york. >>> another question raging these days, could a virtual shooting spree in a game like "call of duty" create a craving for the real thing? we'll look at the science next. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dess

i agree with pete that this has been tax loss selgs but now there is a rink l because you have a couple bulls in the stock pulling in their horns, big

pete williams is reporting that a second person, the second man, has been detained, is being questioned, has been arrested. we have correspondent on the scene and en route to the scene as well. we're talking about several hundred children who were evacuated from the school, and we're told, according to that eyewitness, to avert their eyes because of what had happened, the carnage around them. >> it's such a horrifying picture of these -- you can just picture these children holding hands, closing their eyes and walking past what must have been carnage. the little boy that we heard earlier talk about what he heard and his reaction. they said how are you feeling. awhat did you think? he said whoa. just really tumpz -- certainly something he will never forget. >> some of the eyewitness accounts as the children were being evacuated, they were seeing this kind of horrific pictures as well as hearing the sounds. joining us now is jeffrey goldberg from "the atlantic." jeffrey, you have covered these kinds of incidents before. this is a debate this country has not been willing to engage in. >> i

since september, pete has been bullish on the coal space.ake a listen. >> i'm sticking with water energy. when i look at what's going on in the infrastructure plans announced in china, gave a lot of these different nails a nice boost. in the coal space, iron ore space, steel, you're seeing a lot of green numbers right now to the upside. >> the coal etf up 8% since pete's call back in september. so, what do you do here, pete, in terms of walter, more specifically? >> i'm out of walter now, but i'm in cliffs and anr. i think the coal space, i was just looking for more bang for my buck. when you start to avoid of the chatter about potential takeovers and the rest of that, i think that changes things up a little bit. i still like the coal space, based mostly on china right now. >> now to the bad. in october, pete was talking about a different kind of energy, when he made a bullish call on petra. here's what he said. >> i think there was some great opportunities. you talk about the renours names. right in your backyard, pet petrobras. i tried to

justice correspondent pete williams has those details. >> reporter: the hour fig consequences begin friday morning when adam lanza takes hundreds of rounds of ammunition from his gun enthusiast mother and uses one of them to kill her, nancy lanza, shooting her several times. before leaving, he damages his computer. investigators are trying to retrieve what was stored. before 9:30, he loads the guns and ammunition into his mother's car and drives to sandy hook elementary school. a place he knows from his childhood. >> he had a relationship to the school, had attended there, at least that's what i'm led to believe. but beyond that, we really don't know a whole lot. >> reporter: relatives said that his mother once volunteered there. he's carrying two handguns and a bushmaster ar-15 style rifle. the school's door is locked. so adam lanza blasts his way in with the rifle. the sound of the shots alarms principal dawn hochsprung and school psychologist who come running. immediately killed. he turns toward the first grade classes. he heads to the classroom of substitute teacher lauren rousseau. fr

justice correspondent pete williams has details. >> if you things illustrate the nation's divide over guns as sharply as this. the debate over high capacity magazines that can hold more than ten rounds of ammunition. on the website of brown el's which calls itself the biggest supplier of accessories, 20 and 30 round magazines are featured stocking stuffs. the company's president says sales in one 72 who your period equalled what's usually sold in 3 1/2 years. connecticut state police say adam lanza used several clips on a semi-automatic rifle to shoot the 26 victims at sandy hook elementary. >> these mass killings have to stop and we have to do everything we can. it will include looking at how many bullets do you need in a magazine in a semi-automatic weapon. >> on "meet the press," david gregory asked the nra's chief spokesman, why not bring back the ten-year ban that expired in 2004. >> i don't believe that's going to make one difference. there are so many different ways to evade that. you had that for ten years when goin feinstein passed that in '94. columbine occurred right in the

pete williams has been following this whole sorry case and every development in the investigation sincee were first informed of it friday. he's in our d.c. newsroom tonight with more. pete, good evening. >> brian, investigators say adam lanza did not leave behind any note or letter that might reveal what was going through his mind before the shooting. hopes were high that his computer might provide some answers, but so far they say it has not. the police who found nancy lanza, adam lanza's mother, shot to death in bed, also found his computer. they say its internal hard drive, similar to this one, had been removed and severely damaged. attempts to get information from it, law enforcement officials say have so far not been successful. though experts say it can be difficult it's not always impossible. >> i've seen people try to damage a hard drive with a sledgemmer or screwdriver or throw it in the river. and in most of those cases the forensic efforts have been able to recover some data from the hard drive. >> reporter: as for the guns used in the shooting, officials say nancy lanza lega

and if you know something of the detail that pete walker has been using, there are a grove of redwoodsthe street level and transit park and in many ways there is a beautiful and logical connection between the ground plane and the park itself. >> now, you are standing at the end of the transit center to your left in this view will be the main doors of the transit center, you see the grove of redwoods and just to the left on the side, are the elevators that will take you up to the park and again, highly visibility, the elevators themselves will have a particularly shape a very special shape and the lobby for the elevator will be promine. >> the tower program is going to be an amenities based, there might be a retailer or dining of some sort yet to be worked out. you see to the right-hand of the bridge is the elevator that brings you from mission square up to the park father to the right is a vanicular. i think that one of the interesting things about the design of this tower and you see it in this slide this is one of the first buildings built to the new code in san francisco. there are

pete williams has more on the investigation. >> reporter: the police who found nancy lanza, adam lanza's mother shot to death in bed also found his computer. they say its internal hard drive had been removed and severely damaged. attempts to get information from it, law enforcement officials say, have so far not been successful. experts say though it can be difficult, it's not always impossible. >> i seen people try to damage a hard drive with a sledgehammer, screwdriver, throw it in the river, in most of those cases the forensic experts have been able to recover some data. >> reporter: as for the guns used in the shooting, officials say nancy lanza legally bought them in the past few years. atf agents verified she and her son adam visited shooting ranges. her friends say so, too. >> she had done this for adam partly to teach him responsibility and to get him out and interacting with people. he took great pride in the fact that he knew how to be safe with the guns and was very responsible with them. >> reporter: police say adam ha lanza was carrying hundreds of rounds of ammunition when

. >> it's been a week inch since pete has seen his long island home.s a grateful man. >> i can't expression my appreciation. fox 5 first met him the day before thanksgiving as warmed himself in front of his fireplace. but no heat, hot water and electricity were the least of his problems. his entire home was destroyed by sandy when the canal overflowed. and if that wasn't enough he was sent a notice by the city telling him to clean up the garbage in front of his house. >> i'm blessed to be in a business and position to coordinate an operation like this. >> reporter: doug and 50 volunteers got busy gutting and rebuilding the entire home. >> the facade of the home is new. new plumbing, new electric. >> did you see the kitchen? >> reporter: he came home to a brand-new living room, bedroom and bathroom all donated by neighbors. >> he didn't know me from adam. i didn't know him from adam and look. see what he did? he's wonderful. >> he says he's just grateful to have been a part of the reconstruction. >> it's great. i wish i could do it for everybody. martha

. >> nbc's pete williams has learned some new information about the 20-year-old man, adam lanza. 13th, lanza went to that elementary school and got into some kind of altercation with staff members. meantime, the community of newtown is in mourning, some are wearing black ribbons to honor those who died. the local fire house in newtown is also displaying a black ribbon. many in that fire house responded to the scene as the tragedy unfolded on friday. let's go to newtown. that's where msnbc's chris jansing is standing by. so chris, i know we await another news conference. they have been very methodical and precise about the information they are giving out that. first news conference was delayed significantly. you expect that's the reasoning for this one as well? the delay? >> reporter: obviously they want to be very careful. they want to make sure all the information they give out is correct. but senator blumenthal has arrived on the scene. so that would give us an indication that this news conference may get under way fairly quickly. we haven't seen superintendent robinson yet. ob

nbc's pete williams has the latest information about the gunman. >> reporter: chris, this has been ausion about who has involved, and exactly what happened. but tonight, it is becoming a bit clearer, though the central question of why remains unanswered. and we are learning more about where the guns came from. investigators say the man who committed one of the worst mass shootings in u.s. history was just twenty years old. the son of a kindergarten teacher at the school he attacked. they identify him tonight as adam lanza, and they say when he entered the school he was dressed all in black, carrying two handguns and hundreds of rounds of ammunition. >> the minutes after the officers arrived they realized what a horrific scene we had there. >> reporter: adding to the confusion, the officials say, the gunman was carrying his brother's identification. when police tracked the brother down in hoboken, new jersey, about 80 miles away, they learned the man was actually adam lanza, who was rumored to have mental health issues. >> the perpetrator of the crime is dead. as is an individual who

pete williams has the latest about the gunman. >> reporter: this has been a day of confusion about whonvolved and what happened. it is becoming a bit clearer. we are learning more about where the guns came from. investigators say the man who committed one of the worst mass shootings in u.s. history was just 20 years old. the son of a kindergarten teacher at the school he attacked. he's identified as adam lanza. when he entered the school he was dressed in black carrying two handguns and hundreds of rounds of ammunition. >> the minute our officer was there they realized what a horrific scene we had there. >> reporter: the gunman was carrying his brother's identification. when police tracked the brother down in new jersey about 80 miles away they learned gunman was adam lanza said by his brother to have mental health issues. police discover another shooting victim. a woman at the house where adam lanza was living. >> the perpetrator of the crime is dead as is an individual who the perpetrator lived with. >> reporter: tonight authorities say they believe the victim at the house was adam l

we all owe you, pete stark, a great debt of gratitude. he has been a fixture in the fight to build and strengthen the pillars of health and economic security for the american people from his seat on the ways and means committee to the house floor, he always remained a fierce fighter for medicare and for a passionate advocate for the affordable care act, because he believed that health care is a right for all americans, not a privilege just for the few. his legacy will live long and have stronger support for the well-being of our seniors, our families and middle class. i hope it is a source of pride. i know it is to your family. that so many of your colleagues respect you so much. and honor your leadership and service here. as has been mentioned, congressman filner left us, he's already the mayor of san diego. he was a freedom fighter who fought for civil rights and equality. he was a representative of san diego who never waivered in support of our veterans and he served as the chair of that committee. we wish him well as mayor of san diego. cong

. >>> i want on bring in our justice correspondent, pete williams. he has been dig into the background of the 20-year-old gunman and events that may have led up to the shooting rampage yesterday. what more can you tell us about the gunman's activities leading up to the shooting? >> we are looking at a number of possibilities here. one is that he may have ride to buy a gun at a gun store in connecticut on tuesday. what we are told is he tried to buy a gun but that the gun store wouldn't sell it to him because he wouldn't abide by the background check or waiting period. now, the other thing that authorities are looking at is that they have been told that on the day before the shooting, there was some kind of altercation at the school. that someone came in and got in an argument with four adults there. and that three of those power were killed in the shooting and the question is was that person who came into that altercation adam lanza the man who authorities say carried out the shooting? the way it is described to me now is that that's a lead they are investi

nbc news justice correspondent pete williams has more on the investigation now. >> reporter: the horrifyinguence officials say begins friday morning. they don't know what time when adam lanza takes hundreds of rounds of ammunition and four firearms from his gun-enthusiast mother and uses one of them to kill her, nancy lanza. shooting her several times perhaps as she lay sleeping. before leaving, they say he damages his computer. investigators are now trying to retrieve what was stored. just before 9:30, he loads the guns and ammunition into his mother's car and drives the roughly five miles to sandy hook elementary. it's a place he knows, officials say, from his childhood. though why he goes there to kill remains unanswered. >> he had a relationship to the school, had attended there. at least that's what i'm led to believe. but bei don't understayond thatt know. >> reporter: he's carrying two handguns and a bushmaster ar-15-style rifle with several high-capacity magazines, each able to hold 30 rounds. the school door is locked, state officials say. so adam lanza blasts his way in with the r

williams has the story from washington. hello, pete. >> reporter: alex this is a big deal. the u.s. supreme court has never been agreed to take a serious look at the issue of same-sex marriages. now it will. the justices will consider at least these two questions. can the federal government refuse to recognize same sex marges in the states they're already legal. secondly what's to become of them in california. just a day after washington state became the latest allowing gay couples to get married, the supreme court said it will delve into one of the nation's most hotly debated issues. >> the highest court in the land has decided to take up what will be one of the biggest civil rights cases this court could ever hear. >> reporter: the court agreed to take up the legal battle over california's proposition 8, passed by voters four years ago ending same-sex marriage in the state. a firm appeals court ruled the ban unconstitutional on grounds that applied only in california. but now that the supreme court is weighting in, the justices could

we all owe you, pete stark, a great debt of gratitude. he has been a fixture in the fight to build and strengthen the pillars of health and economic security for the american people from his seat on the ways and means committee to the house floor, he always remained a fierce fighter for medicare and for a passionate advocate for the affordable care act, because he believed that health care is a right for all americans, not a privilege just for the few. his legacy will live long and have stronger support for the well-being of our seniors, our families and middle class. i hope it is a source of pride. i know it is to your family. that so many of your colleagues respect you so much. and honor your leadership and service here. as has been mentioned, congressman filner left us, he's already the mayor of san diego. he was a freedom fighter who fought for civil rights and equality. he was a representative of san diego who never waivered in support of our veterans and he served as the chair of that committee. we wish him well as mayor of san diego. cong

know, that can kind of trick you and fool y you, but he has lived up to it on an everyday basis and nobody works harder in the building and pete carroll is his biggest fan, no question. >> al: this team has drafted extremely well and made a lot of great choices. thorough a major big-time role right now. and everything is lining up perfectly for the seattle seahawks. as we said at the very beginning, you might hear a lot from either of these teams, despite what happened to san francisco tonight over the next few weeks. seahawks win it by a score of 42-13 and seattle is in the playoffs. wendy's postgame report will be coming right up after these messages from your local nbc station. . >>> seahawks 10-56 and won their last three games by an average of 40 points. russell wilson threw only 21 times tonight, completed 13, but four of those were for touchdowns so he is one of the players infant game. richard sherman, an interception, five tackles and a 90-yard return of a blocked field goal for a touchdown. nice night for him. marshawn lynch, 26 carries, 111 yards. he is kind of the j.d. sallinger of the national football league and

i agree with pete that this has been tax loss selgs but now there is a rink l because you have a couple bulls in the stock pulling in their horns, big firms, jefferies and ubs and the things they're saying are material. they're not making downgrades based on valuation but based on the fact that the growth rate may be materially slow here. >> they're making downgrades for fundamental reasons. >> that is correct. >> which you have not heard very many negative things about. >> oh, no. >> over the past couple years. >> that is right. i think that should force you to pay attention now. we're in the stock. it is not a top ten position. it is not a huge waiting but by definition everyone who is in the market is in apple. i mean, this is having a huge impact. i tell you, the market should be a lot higher today. we had great pmis from around the world. europe is the best in nine months. >> shanghais. >> yeah. u.s. manufacturing data the best since april. >> we should really be higher and we're not. the reason for that is that you've got apple down, all of the component plays that go alongside th

know, that can kind of trick you and fool y you, but he has lived up to it on an everyday basis and nobody works harder in the building and pete carroll is his biggest fan, no question. >> al: this team has drafted extremely well and made a lot of great choices. thorough a major big-time role right now. and everything is lining up perfectly for the seattle seahawks. as we said at the very beginning, you might hear a lot from either of these teams, despite what happened to san francisco tonight over the next few weeks. seahawks win it by a score of 42-13 and seattle is in the playoffs. wendy's postgame report will be coming right up after these messages from your local nbc station. . >>> seahawks 10-56 and won their last three games by an average of 40 points. russell wilson threw only 21 times tonight, completed 13, but four of those were for touchdowns so he is one of the players infant game. richard sherman, an interception, five tackles and a 90-yard return of a blocked field goal for a touchdown. nice night for him. marshawn lynch, 26 carries, 111 yards. he is kind of the j.d. sallinger of the national football league and

and kudos to pete najarian who has said do nothing. my characterization of calling this a generational low was absolutely wrong. however i have sold over the last two weeks in quarter increments half my position. i am waiting and expecting that we are going to get favorable results in january. the second derivative plays off of how many iphones are sold. whether it be cirrus, qualcomm, skyworks solution are all doing well today. qualcomm got defended over first so the iphone story really is not that muted. i'm sitting back, i'm waiting, i'm long. to me the answer to your question comes in january. >> stephanie link? >> citi is talking about supply chain cuts for the iphone. but we also know that apple increased production 45% to 50% and as the yields get easier, as it gets easier to get this stuff i think it's interesting. we could see some cuts. just because they increased production from october to december. so this might be semantics. at the end of the day, we sold it about 584, so i think it's a trading range stock. i've said it. i

as pete williams reports, the gun lobby has other ideas. >> reporter: in camden, new jersey, a record-breaking 1,100 guns turned into the police buyback after the newtown shooting. some saying they wanted the guns out of the house. >> it won't be easy, but that can't be an excuse not to try. >> reporter: among possibilities, banning military-style guns called assault weapons and high capacity gun clips or magazines. stopping private gun sales without background checks. the gun show loophole. confirming a permanent director for atf, the nation's gun law enfonser, making it easier to get access to mental health care and changing a culture that glorifies gun violence. democrats are pushing to bring back the assault weapons ban that ran from 1994 to 2004. they want to ban guns like the bush master xm-15, the type fired in the newtown shooting. some studies say the number of mass shootings has stayed about the same over the past three decades, an average of 20 a year, even with the previous ban in place. >> overall, assault weapon ban is a good idea. it will take a bite out of crime, ordinary crime

deep if you take a look at the decline that the stock has seen. so pete what do you say? >> as far as dell? i think this dell company is very interesting. joe was talking about this for a while. i think goldman sachs makes a lot of interesting points. it is interesting that they mention about the rest of it. i think when you look at the company it is about the servers and what they are doing as a company itself. they obviously have an unbelievable cash position. there is a lot of reasons to be intrigued. i was intrigued by hewlett-packard not long ago for all the same reasons. >> i'm with pete on this one. i think hewlett-packard is the more interesting trade. i think november 20th to me was the capitulation that we talk about. had a monster volume day. that is for a trade, doesn't mean the company is fixed but i think the stock is interesting. >> with dell you have a company that feels like the ship is still sinking. they are a fantastic low cost producing. this isn't enough. i think windows 8 is a major head wind and this is holding back the pc world. >> you don't like

in a year that has seen over 400 gunshot deaths here, pete wraps up another busy night by visiting a few of those statistics at the morgue. >> we have to, for the sake of having a record, know when people are getting killed. like that matters. the names matter. the stories matter. >> a gunshot wound. >> while at cook county hospital, another day begins with another bullet wound roll call. >> a 17-year-old with multiple gunshot wounds. >> ems did say they removed one bullet. >> critical care nurse gloria hall has seen enough. >> a nine millimeter. you have your tech nines. you have your assault rifles. people are coming in with holes so big, it's unbelievable. >> but for every place conditioned to equate bullets with pain, there is another corner of america where guns bring pure joy. like utah, where the butler family is down at the quartry. they invited juju chang to squeeze off a few rounds. >> you have to look through this eye, right? >> reporter: 4-year-old gauge butler needs a little help from dad to aim his ..22 caliber rifle. >> now what can you do? put your finger on the trigg

pete, what do you see? >> this has been happening since monday.f you look at monday, you can see the january 13 calls why extremely active. a half day of trade and everybody was basically sleep walking. the first hour over 100,000 contracts. the second hour, extremely active. january, even more on the 13th. this is a stock that could test the 52-week high. if they hit that just above 13, people expect to see the stock get a lot higher than 13. >> pete, got to hit herbalife. what a rough week it was. now "the wall street journal" is reporting that the company has hired a legal firm to help the company defend itself against attacks by bill ackman. >> yeah, i think a lot of folks jumped on this because of the success that ackman had. they hope that whitney tillson getting on it would mean the same. it hasn't. the law firm, these are the guys that represented bush -- rather, gore against bush and microsoft versus the united states. they're the who's who of companies. >> david b 0oyce, he's the fame attorney. >> that's right. this is not playing around

but i have a rather short message first through my really friendly pete peterson exemplify has been privileged to rise to economic strength and material means coming and now you are paying that debate about your country. and you have been by each other's sight for many years likely recall when you first became the rear admiral and you've served your nation. thank you for stepping up and taking this on with pete peterson. to my colleagues, sam and i were chairman, he was the chairman and i was ranking for years. we were drilled in the schools that our leaders told us you have a problem, mr. chairman, the ranking member, do not bring it back to me. and we went into those conferences on that defense bill day after day and night after night, and it wasn't until we reconcile the difference between the leadership of both the house and the senate, and then we presented the majority leader and the other deputy in both houses and got it done. this seems to be lacking today and i want to talk about that one point. they had stressed the importance of the defense and i would wish to associate myself with

has not been done. officials said earlier today their priority was the victims. police have also told nbc news that adam lanza may have tried to purchase a agagun earlier th week, but pete williams reported a short time ago that that has not been confirmed yet. while this community deals with the horror of what happened, mayors from major cities are demanding tougher gun restrictions. t there have been 181 shootings since columbine high school massacre. at least two students were either wounded or killed. despite renewed discussion about tighter gun control laws, the commissioner of the new york police department said today he's not optimistic. >> we have not seen any meaningful activity or movement on either side of the aisle, republican or democrats. we've seen a movement away from gun control. so there will be a lot of talk about this terrible event, but unfortunately i don't see much significant action being taken. >> president obama is not making any specific proposals so far, though the president did call for meaningful action during his weekly web address today. >> so our hearts are broken today. we grieve for the families of those we lost. we keep in our prayers

. >> yeah, and rim, research in motion here, pete, knock on wood, my brother, has been long this oneince july and it's had repeated runs on about the three-month out options. so, these are the ones that people buy so they have enough time to be right. wow, you take a look at where it's been. it's more than doubled. in fact, another couple dollars and it will be a triple on the stock since then and the options have gone up hundreds of percent, so, this has been a real, just a, like eric said, a real turn around story that people continue to bet into next year, will continue to -- >> where's the volatility gone on that? i'm assuming the volatility's gone through the roof. three-month vol is not cheap. and you're really paying up for that extra time. >> you're paying up for the protection, tim. if those who want protection against it picking back down after this serious run. and the upside, though, again, if this was david tepper, what would david be doing? what would tepper do? he'd be buying calls in here, most probably, because everybody is fading it. they all say the run's over and

at long last ♪ ♪their leader pete madden himself has finally been captured by the angry ranchers ♪ ♪buthat it means to the neighbors if they find out who i am. well, we could always change our name. no, mary. i'm proud of my name. i've done nothing to make us ashamed of it. stays the same. no matter where we settle, no matter what the consequences. now do ya still wanna build here or do we move on? i wanna build here, fred. alright, mrs. vance! this is where we set up housekeeping. we start right now. our new home site! i'm gonna love it here, fred. ♪ ♪ ♪ ♪ ♪ ♪ ♪ tonto, we have found the madden gang's hideout at last. me not understand, kimosabe. all tracks of madden gang lead out of hideout, not into it. that could mean only one thing...madden and his gang are out on another raid. most likely in the next county, where tom patrick and his ranchers are so stirred up against him. we follow tracks, kimosabe? i don't think we'll have too, tonto. this hideout is madden't stronghold. whatever he's up to, he's almost sure to return here. i'll keep watch from those rocks up yonder. you scout ar

john, let me ask you, you heard pete williams tell us a lot of what has happened. about -- we don't know the motive. what would be the first things we go to now to try and find a motive and walk us through how police would investigate two crime scenes. we have the scene where the mother was found dead and we have the school where the children, the principal and other adults were found. >> right now, they're in the late stages of the investigation. the scene is stabilized. both scenes are secure. what they're going to try to do now, al, is connect the evidence to see what sorts of physical evidence they can gather to make connections that might yield some light on moet vags. things reich was there a note left behind? anything on social media, facebook accounts, things like that. did he post anything. did he talk to anybody. had this been planned for the last couple of months where they said we're just dismiss k it at hand. all along, he's been laying these clues. that's what they're going to look to connect right now. >> melissa, how do you make -- what do you see i

has not. i want to credit pete an jerry who completely took the other side of it. he was correct.with best buy right now? you put it in the penalty box, unfortunately. i heat to use that term again but that's what you do. >> the best thing that could happen for potential buyers of best buy is they just wait and do nothing. it will keep getting cheaper and cheaper. i don't see any urgency. you're probably not in a great place for an imminent deal here if you're long. i think it is something you just watch from the sidelines. >> that means tomorrow a deal gets done. because we've basically said it's not. >> if so, you missed one. but -- >> yep. >> sometimes it is tough to buy the losers and sell the winners. let's play a little hold 'em, fold 'em. costco, trading at record levels, up more than 20% over the past year. stephanie? >> i like it. i would hold it and i would lope that next week when the report earnings the stock is weak and i could buy more. because this company's seeing traffic, up 4% in the last six months. the company also has a very good recurring revenue stream with

he has been hospitalized since last month with what was described as a stubborn fever. petend all liquid diet and has been an the east i see you since sunday. he was hospitalized recently with a broad patterns like cough but now it is the persistent fever. thursday and traffic is nice and light. it is still chilly this morning we are looking for a high of just 52 this afternoon. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. so call now to get at&t u-verse h

pete cited numerous times the weekly options in bank of america. that has surged from 9 up to 11 now. percentagewise this is astronomical. this is both exposed to housing. we have the best numbers out of california in six years. i think that's going to continue into 2013 and that's why i would be long both of these names into that. >>> coming up on "halftime ", a rough 2012. we're heading to the big board to give you the play on that and from a laggard, this year's biggest leader. financial, should you buy into the big bank run. "the halftime report" is back after this. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trade

pete, what those stocks have done lately. >> right. extraordinary move. i'm with john. i think you still have upside on these names. lowe's hasdoing a great job and playing catch up but us g seems to be plates the place . >> do you have to choose between lowe's and home depot? >> i think that is the interesting call and of late it's been lowe's that performed better than home depot. >> it's ban big game of catchup. >> is it at the inflection shun point now where the money goes back into home depot? i think conventional wisdom on the street believes that home depot is a better company than lowe's itself. we don't see the evidence to suggest money going back into home depot from lowe's but i think that is the next trade you look for. >> what is your best trade right now assuming we don't get a cliff deal? yahoo finance, senior columnist mike santoli joins us now. you've been saying if we were going to get a deal it could be a sell on the news kind of event. >> yeah. >> we're selling on no news or bad news today. so what does it all mean? >> what it all means is the market was in a position where i think it was going to be in se

has to be taken at the highest levels. thank you very much. >> you bet. >> thanks, pete williams. >>> well, some gun law advocates are hopinghat this tragedy will be different, that this one somehow, the enormity of it, will change the politics of guns. senator dianne feinstein has been leading the charge for decades and joins me now. senator, as you know better than anyone, this was actually one of the issues that propelled you into the limelight tragically as the mayor of san francisco through the shootings there, and then the series of mass killings, the 101, the stockton, california, all of the assault weapon issues that arose in california made you the first advocate really. tell me about the history and what happened when you first went to the senate. >> it's a little bit more than being an advocate. we actually wrote that assault weapons bill. i came here. we set about writing a bill. i talked to senator biden about it. he was then chairman of the judiciary committee, and he laughed at me, and he said, diane, you're new here. wait until the gunners get hold of you. i said, joe, i'm going to do this as an amendment on

pete, welcome back to the program. so the judge, the judge has been booted, and it appears that the decision to remove hasan from the courtroom which happened six times because the guy showed up six times wearing the beard after he'd been ordered to shave it, they said the decision to remove him from the courtroom and to cite him with contempt and then to force him to shave the beard -- >> uh-huh. megyn: -- in the absence of any command action to do the same could leave an objective observer feeling that the judge was not impartial. now, this is him, by the way, before he got charged with murder. you can see how important it was for him to have his beard before he got charged with murder. suddenly things changed once you have to be identified in court by the witnesses who say they saw you shoot and kill 13 people. but why -- is that true? were there no command action to him by his superiors in the military to shave the thing? >> no, that's the interesting nugget in all of this, is if it really is the responsibility -- which it is -- of the comman

pete, thank you so much. the news there. that the death toll at this point has risen. the death toll is up by one. again, there are three people still in the hospital. we do not know whether those are three adults, whether they're three children. we know at least three people in the hospital right now. we are expecting to hear from president obama at 3:15. he is going to address this tragedy. we also just found out a short time house speaker john boehner ordered the flags on capitol hill at half staff to honor the victims and you can see there the flag not at half staff but some point here that flag and all of the others on federal buildings in the nation's capital lowered to half staff. dr. ian smith joining me now on the phone. dr. smith, i understand that you are from newtown, connecticut. for folks not familiar with that small town, what can you tell us about it? >> i'm from danbury, connecticut, right next to newtown. you know, the reason people are so shocked by this is this particular area in fairfield county is such a bucolic and rural and peaceful area. it's one of the places where people