small caps rallied twice as much as the dow industrials did last year. with a rising stock market, insurance stocks led the way for the financial sector. metlife finished up by 6.7%. lincoln national gained 5.8%. hartford financial was higher by 5.7%. these insurers have been hurt by er government bond yields eating into their investment portfolios. but today, interest rates werelo rising. the yield on the 10 year government bond jumped to 1.84%. that's still very low by historical standards, but it's the highest yield, lowest bond price since september. in the technology sector, the biggest semor loownga dmo industrial stocks last year was one of today's big winners. hewlett-packard rallied 5.4%, putting shares over $15 per share for the first time since october. news of no tax hike for the majority of americans did not help stocks of some retailers like macy's. roll swious nnth ae nc wei many stores will announce their december sales results tomorro s macy's stock was down 1.8%. kohl's, which has struggled in recent months, fell the same. teen apparel

small caps rallied twice as much as the dow industrials did last year. with a rising stock market, insurance stocks led the way for the financial sector. metlife finished up by 6.7%. lincoln national gained 5.8%. hartford financial was higher by 5.7%. these insurers have been hurt by lower government bond yields eating into their investment portfolios. but today, interest rates were rising. the yield on the 10 year government bond jumped to 1.84%. that's still very low by historical standards, but it's the highest yield, lowest bond price since september. in the technology sector, the biggest loser among dow industrial stocks last year was one of today's big winners. hewlett-packard rallied 5.4%, putting shares over $15 per share for the first time since october. news of no tax hike for the majority of americans did not help stocks of some retailers like macy's. many stores will announce their december sales results tomorrow. macy's stock was down 1.8%. kohl's, which has struggled in recent months, fell the same. teen apparel seller american eagle outfit

in san francisco, they offered no such rally.ick up the story of the ravens gathering at the airport, getting ready for that three- hour trip. we see ray lewis, whenever you like to call him, getting on to the plane for his final road trip, the last of his career. ray rice, ed reed coming home to new orleans. he knew he had a chance to come home. three-hour flight without issue. the team getting off the plane, off of the bus, 41 police vehicles escorting the buses. it was smooth sailing. i want to take you back to the rally. ray lewis speaking to the crowd. powerful. >> we did this in 2000. we're not going to new orleans for nothing else but to bring back another ring back to baltimore. we love you, we love you, we love you. we're going to give you everything we got. >> it has been 12 years since the ravens had the opportunity. he wants to make sure his last opportunity to finish the job. as for the 49 years, there arrived a day early. -- 49ers, they arrive today early. they met with the media. jim harbaugh talking about his quar

ushered in a 308 point rally for the dow jones industrial average. but as sylvia hall reports, the new session of congress beginning tomorrow faces some big decisions very soon. >> reporter: as americans return to work from the holidays, they might breathe a little easier knowing the fiscal cliff isn't happening. but the deal on the president's desk doesn't end the debate. in fact, it sets the stage for a bitter first quarter fight. the bill does add some certainty to this year's tax rates, by permanently extending bush-era tax cuts for people making less than $400,000 per year and couples making less than $450,000. it also staves off the sequester- that package of sharp federal spending cuts- for two months. but let's look at what the deal doesn't do. it doesn't take the sequester off the table completely, and it doesn't raise the debt limit. they'll both have to be resolved in february and march. >> it just, to me seems like we're going to have another acrimonious debate just like we had on the fiscal cliff this time, and just like we had on the de

the ravens are going to stop by here, a big rally planned today. baltimore city is hosting that rally, this morning we have ravens cheerleaders that have stopped by to talk to us a little bit. they are shaking the pompons. we are excited here. we have amanda and shawn, good morning to you both. tell us a little bit about what people can expect this morning. >> it's going to be a great show. we will be performing and the band from 10:30 to 11:30. players will be here at 12. >> reporter: why is is this send off so important? >> it's good to get the motivation and city prepared and ready to go for the super bowl. >> reporter: i hear you are going to the super bowl, how exciting. >> so excited. we can't wait to get down there. >> we already have folks that are gathered out here. i have been talking to them. one gentlemen and his family, western maryland, 2 hours away, they have been here since 2:00 a.m. waiting for a good spot in line. what do you think. >> i think they are very dedicated. >> they always come out and willing to cheer on the team and gi

will rally for complete list of closures, go to our website, wjla.com. brianne carter reporting. >> several events leading up to the march for life scheduled today. catholic archdiocese of washington will hold a huge rally and construct a 7:30 this morning at the verizon center. the national prayer service will be held at 8:30 a.m. at constitution hall. a special mass will be held in st. matthew's cathedral at 10:00 a.m. >> except taken to preserve the recent improvement at the national mall are under way. interior secretary ken salazar has signed an order protecting the major rehab project between the third street and seventh street. the national park service plans to replace the turf between seventh street and 13th street. that requires organizers of events held on the mall to provide sufficient funding to replace any damaged at turf. >> still ahead sweeping changes to school athletic programs. >> teddy is getting some new competition. the washington nationals president's race is >> you think it's cold outside? look at this. this is the pros and founta

had a rally today. stocks sharply higher across the board with about 45 minutes left in the trading session. the dow is up 237 points. what did we say, kelly, the high of the day was a 277-point gain. >> right. >> nasdaq even stronger. technology has been the leader to the upside today, and the s&p is up 27 points at 1453. >> that's right. well, the market likes washington's tax deal, but does pimco's bill gross? after all, it does little to nothing to address debt and deficit levels, and that could eventually impact bonds in a big way. bill joins us now from pimco headquarters in california, and, bill, your reaction? >> welcome back, sir. >> thank you very much. thanks for having me. well, kelly, you know, i think that this rally is really a rally emanating from japan and actually from the fed in terms of its new qe policies. to suggest that it's a fiscal cliff avoid type of rally i think is a misconception because, you know, basically the central banks are in the process of writing lots of checks, hun

big rally in coal stocks, big rally in basic materials stocks.to like and not to like about the deal with some of the traders this morning here? obviously not to like, no spending cuts is a complete mess. everybody's unhappy about that. but the 2% increase in the payroll tax, bringing it back to where it was. 3.8% increase in medicare tax for the wealthy. phase out of certain deductions. a lot of that's going to be weighing on people who make a little bit more money. i was surprised how many people listed the things they did like. here are the most common things they like. the deal overall, marginal positive for consumer sentiment. number two, capital gains and dividends, only at 20%, that was a lot better than we were talking about even just a week ago. finally, i don't think you guys have brought this up, no change in the mortgage interest deduction. that's a major plus there. it remains at $500,000, the maximum you can deduct for capital gains. they didn't even have a big debate about that. it's not an all-clear for stocks. two or three catego

miss the rally, fear not. there's a trade in citigroup that could make you money if the stock goes up, down, or nowhere at all. plus heavy metals, gold and silver see their worst week in eight years. carter and kos say the pain is just starting, it will you where they see them heading next. and retail has been a wreck. so where were all those traders piling into family dollar calls? scott nations will explain. the action begins right now. >> let's get into the money right now. we saw a massive rally on wall street. we live for these days, stocks hitting five had of year highs. is it too late to get in? how should you position your portfol portfolio? let's get in and find out. it's amazing the progress we've seen in terms of the rally this year. the s&p is 6% within its all-time closing high. >> we were saying similar things last year. the rally just in the last few days, has been, it feels a lot stronger than it is. we're up 3% in the s&p and the nasd nasdaq. if you shorted those couple days, you you were kind

i don't see this rallying very much.bove the call strike if it takes a long time to play out. given that, i don't think the risk reward relationship makes a lot of sense if keeping it. >> if you want to own if it rallies or falls. in this case if it falls, you probably don't. why? what's going to drive it below 70? more disastrous news. the real reason it might fall below the strike -- i'm saying at this point in light of what we've seen, maybe it wouldn't be. i'd rather own the call and roll out further in time and reduce the risk with my long bet. >> the other thing about the particular defense sector, in today's session, this is a sector people want to own in 2013 despite the sequester, the looming fear of a sequester, i should say. >> no doubt about it. that is one of the issues and the market seems complacent about it. the one thing i would say about boeing, if they did see dreamliner cuts -- as far as what their expectations -- earnings are expected to grow 4% in 2013 and expected to grow 20% in 2014. that's someth

the rally rolls on. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the dow industrials back on the march to 14,000, and it is knocking on the door, scott. >> and maria, another big day on the street. i'm scott wapner in for bill griffith. today in this final hour of trading, will we make that run to 14,000? let's take a look at where we stand right now. the dow is up 68 points. not only to 14,000 watch, maria, but we are only about 1.5% away from all-time highs on the dow. >> unbelievable. >> that's how far this market has come, a market, by the way, that you've said for weeks has wanted to go higher. >> does not want to go down. >> you know who does not believe in this rally, the man behind gloom, bomb and doom report. he's here with us and we'll find out what his problem is with his market. in the boom part of his theory. when does the doom come in? we'll talk about that when he joins us. >> don't call him dr. doom for nothing and amazon out with its critical earnings report. this one has the holi

today, the city is throwing a huge sendoff rally, the rally will be held here at the amphitheater at the inner harbor. things will get started early with 98 rock broadcasting live and a free breakfast , the rally officially kicks off at 11:30, you can meet members from the 2000 super bowl team. mayor stephanie rawlings blake will be here, the cheerleaders and the marching bands and po, should be a lot of fun. at 12:15 and the players will arrive before heading to the airport for new orleans. i got to tell you, fans have started to gather. good morning, we have brady here, you are from 2 hours away. you are out here this morning at 4:30 in this morning. how long have you been out here? >> since 2:30. >> wow. why so early? >> if you are going to do it, you got to do it right. we are out here. >> reporter: needless to see you are a huge ravens fan. >> definitely. >> reporter: are you looking forward to sending them off? >> of course. >> reporter: what is your prediction? >> ravens we got it. 49ers are going to put up a fight, we are going the get it in the end. >> reporter: thank you, b

plus, people who lived through the connecticut school massacre, join an anti-gun rally in washington. an inmate strolls from jail without beinginoid for nearly a week. those stories and a >> abc7 news starts right now, with live, breaking news. >> good evening, everyone. we have breaking news tonight, out of menlo park. police are investigating a shooting, at least one person was hit at willow road and bayfront expressway, the leadup to the dun barton bridge. details are still emerging right now. we have a crew on the way. join us on abc7 news at 11:00 for the latest breaking details. an anti-abortion rally drew tens of thousands of supporters and counter protesters to san francisco today. abc7's tomas ramon shows us the dueling rally. >> reporter: the ninth annual walk for life was a hiewmg success, according to organizers, measure 40,000 people filled the plaza on the 40th anniversary of row versus wade. jennifer o'neill spoke about her regrets of having an abortion. >> we cannot be luke warm in such a time as this, more than ever, we need to stand up and be heard. >> reporter: she

fear a rally? dan nation has a love in citi that can make you some money if the stock goes up, down or nowhere at all. plus, heavy metals. gold and silver see their worst week in eight years. some say the pain is just starting. we'll tell you where they see them heading next. and retail has been a wreck. why were all of those trailers piling at the heavy call? the action begins right now. >>> let's get into the options action right thou. the s&p closed at levels right now. is it too late to get in? how should you position your portfolio? let's get into the money and find out. it is amazing the progress we've seen in terms of the rally this year. the s&p 500 is 60% within its all-time closing high at this point. >> we were saying similar things last year. the rally just in the last few days, has been, it feels a lot stronger than it is. we're up 3% in the s&p and the nasdaq. if you shorted those couple days, you you were kind of hurting through january and february. so you have to wait to be contrar

, looking for an old rally cap to put on.ld dow 10,000 for the rally cap of the day. i will say, with the rally we're seeing right now, if we show you the leaders among the s&p 500 today, the best performers, it's a good cross-section. there's no concentration in any one sector. you've got cbs, big lots, kla-tencor, pulte, blackrock, no trend except they are all going on. >> the asset managers benefiting from the new money coming into stocks. asset managers showing momentum. economically sensitive names doing very well. media companies on the heels of some expectations that advertising picks up as well as we're all expecting that we see better economic numbers later on in the year, second half of the year for sure. >> here at the big board leaning towards the financials once again and the home builders are showing up in the -- in the dow leaders here today. >> and ge. >> ge as well. >> ge reports earnings tomorrow. disney's been the best performing stock among dow components today. it's up almost 2% and home depot is up 2% as

thousands hitting the national mall today, rallying for and against gun control.nd thans story staying up late with us. i'm laura evans. today's protests brought newtown, connecticut, people side-by-side asking for congress to act. fox's anna coyman has the story. >> reporter: thousands of protestors calling for tougher gun control laws rally in the nation's capitol. many hearing signs reading gun control now while others hold up the names of victims of gun violence. among the crowd, dozens of residents from newtown, connecticut, the site of the december elementary school shooting. the rally organized in response to that shooting. >> i am here for the 26 families who lost the life of their lives in newtown. daughters and sons, wives and mother. grandchildren, sisters and brothers gone in an unfathomable instance. >> reporter: protestors showing support for president obama's ban on military-style assault weapons in&high-capacity ammunition magazine and universal background checks for gun sales. speakers include lawmakers and arne duncan. >> this is about gone safet

bones 3-4, rally 2-0 say status. rally from bones 3-4. we have eyes on the target. narrator: chad gets direction from the soldier whose handheld receiver and computer allow him to see what chad sees. chad's call sign is "bones." the soldier goes by "rally." chad: rally from bones we have two packs moving around inside the northwest corner of the compound. bones 3-4 from rally 2-0 continue to shadow. narrator: the soldier directs chad and jay to follow an hvi or high value individual dressed in black. chad: rally from bones 3-4. looks like the one individual wearing black is now getting on the motorcycle and departing the group. narrator: depending on the situation the decision to kill comes from an intelligence officer who could be anywhere, a battle commander on the ground, or sometimes the pilot. bones 3-4 from rally 2-0. looks like that personnel is stopping. chad (on walkie talkie): bones 3-4, that's what we've got up here. would like to go ahead and prosecute. nine line, bravo, one. copy, master arm. narrator: the sensor operator targets using the laser. chad:

hundreds rallied against stricter gun control in pacifica today. kron4's jeff pierce attended the second amendment rally. he spoke with supporters. (speaking through megaphone) >> this is were we draw a line in the sand. we are not going to back up we are not going to blink this is our right. >> reporter: hundreds of people who have felt threatened by the national conversation about gun violence in this country attended an event in pacifica saturday afternoon celebrating the 2nd ammendment. cloaked in the flag and the national anthem their voices reflected a defiance to what they percieved as an encroachment of constitutional rights. >> i believe in the 2nd amendment, i was taught to obey the law and i'm here to support it. >> the 2nd amendment we gotta have it. >> i'm not an nra member, i don't usually do these types of things i just feel i need >> reporter: beyond the rhetoric of anger and defiance there were those who felt the recent tragedy that has brought gun rights to the national stage has been taken too far. >> i have children and i was ap

it's like a stealth rally. it keeps on moving.ll talk to a leading investment ceo a bit later in the program. . first up, in williamsburg, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three months. let me say this, from all my reporting down there in eastern virginia default on the debt. so what they're trying to do is just punt on the debt ceiling and focus the spending cut fight on the upcoming continuing resolution to fund the government. >> i didn't hear any focus on spending cuts. and i didn't hear any focus on the sequester. and i'm looking at rasmussen polls that show me that the public wants across-the-board spending cuts. and you and i both know the republican base is hungry for that after getting hosed in that high tax bill. >> i thi

from td ameritrade. >>> riding the rally. >> geronimo! strength of individual investors, but can it continue or are we due for a correction? >>> economic data that could move markets. durable goods for december set to hit the tape at 8:30 a.m. eastern. >> and dow component caterpillar rtin>> it's slightly below 16.0 billion versus 16.12 an estimate. >> chairman and ceo doug oberhelman will join us first on cnbc, the third hour of "squawk box" begins right now. >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm joe kernen along with becky quick and and drew ross sorkin. our guest host jeff kleintop chief market strategist at lpl financial. he's going to help us build a wall of worry. we sent rebecca packing because she was too bullish. we want to continue to build skepticism. so we're keeping jeff around. >> that's my job. >> and we'll be joining him in just a minute to talk about the january rally and also have u.s. morgan -- jpmorgan chief u.s. equity strategist tom lee and rob kaplan, former vice chairman of g

maybe the rally has real staying power. when you look back at the history of the market over the last three decades, you can see that we may have only started a long march higher. that's the idea i wanted to entertain on tonight's off the charts with the help of scott redler who is the chief officer at t3 trading as well as my colleague at thestreet.com who has gotten this chart right so far. he points out that the market is not particularly kind to you, right? you can see that right here. the s&p back to 2000 is trading sideways. it is looking that we may be able to break out of the range here. back on february 14th of 2012, redler told us that he could see it going to 1700 by 2015. since then, the s&p has rallied to nearly 1508. we could see that target sooner than he predicted. but to understand redler's long-term optimism, we need to take a step back. for anyone who has been trading during the last dozen or so years, it has been one crisis after another. dotcom collapse, the housing bust, financial apocalypse. it wasn't

we missed the bank stock rally. citigroup, bank of america charging ever higher, even as they're so far behind the market, they could go up hugely from here without stretching their valuations. we missed the continued improvement in housing and housing related stocks, something that won't be derailed by a debt ceiling debate. and we'll stay stoked by low interest rates and affordability. helped by gigantic rebuilding in the northeast. we missed the deep recovery rally in tech. numbers may be too low and at last, the promise of facebook could be realized thanks to the newfound embrace of mobile opportunities, better than anyone else can. when we're blinded by washington we fail to capitalize on what might just be an increase in small businesses now that the cliff cloud has cleared. i keep thinking about the words of marty mucci, ceo of paychex. we just got some certainty and people start new companies again at a pace that used to be rather natural. but we have the level of certainty, i think mucci will be right. i th

the rally on monday with rumors of a deal, and then a huge rally over 300 points, is this where we rest for a while? there was lots of upward momentum as we closed the rally day. >> the option across the street was something called gamma, sliver out buying futures. i would not too much faith on that. i'll be watching tomorrow to see if he can continue to hold that level in the futures. what a move we saw, there was a big panic on friday after the bell we s&p futures sold off another 12 handles. since that low, the market has rallied over 5% in the futures. that is an incredible move. the vix has lost a full third of its value. what's a set point us toward? decreasing realized volatility. a big pent up demand for a market move. we have tax clarity, news clarity, we get a massive pop and now we start to ease a little higher, probably our major resistance level is september 2012 high of 1475. that will be our next test assuming friday's number. now that taxes are over we can look at things like economic data. crazy, right? that is coming out on friday, the next determent if we hold a 1450

>> i expect a rally. first, you need fuel.he new york stock exchange stocks combined are about $16 trillion. bull there's $23 trillion on the sidelines and in treasury debt earning less than 1%. secondly, you need value. the average stock in the funds that i manage has a 7% profit margin with double digit growth predicted for five years. finally, you need greed. averting the fiscal cliff was probably that spark that will get people back into the markets. >> all right. >> didn't need 30 seconds. richard, break it down for us. >> hi, kelly and bill. we try to avoid stepping in front of speeding buses and the upside momentum and demand over the past couple of days has been speeding right along. in addition, the seasonal bias is to the upside. since 1971, the second trading day of the year, it's been up 75% of the time, after the first trading day has b

the take on the rally here. it is good news, bad news. this market seems to want to continue to plow higher. >> absolutely. we have some tax clarity. we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something really interesting that is happening. the jcj the correlation index. little in the weeds here. but what it really measures how stocks are correlating to the s&p 500. when stocks are correlating a lot, that's bearish stocks and it makes stock picking very, very difficult because really you're picking stocks,

wade were there and they held a counter- rally. this happens to be file footage from last year's march. >>> those still struggling to recover from hurricane sandy three months later hope to get help from capitol hill. on monday the senate will vote whether to provide $50 billion in emergency relief. the senate passed this bill last year but must vote against since the house passed the bill in the 113th congress. >>> jurors return to a school parking lot in culpeper where a former police officer allegedly killed a woman. with maps and note pads, all 12 jurors and alternates fanned out to inspect the scene. former culpepper police officer daniel harmon rice has been charged with fatally shooting patricia cook last february. the defendant said he opened fire on cook after his fingers were stuck in the window of her jeep. >>> secret hearings in the case against a man convicted of killing chanrda levy began next week. ingmar guandique was convicted in 2010 of killing levy whose body was found in rock creek park. last month, federal pros

take advantage of the big rallies. take profit.educe equity exposure getting closer to the big levels. liz: but the fed put in a huge down body pillow, okay? with the qe3, 4, 12, whatever. they put -- it's like the infomeciasls with the body pillow where you get come my. will we see those kinds of ranges? >> look, as i said, i still think there's -- if you look at the major drivers of global economic growth, you asked still major question marks on the recovery. europe, again, stabilized, but by no means out of the woods, and, china, the other major driver, depending upon how the u.s. and europe's recovery evolved, that's going to have a big impact on china. you have the major drivers of global economic growth with significant question marks, and so that sets up this back and forth range game until you have more clarity on how the drivers are doing. liz: last time you were here on december 66th, you are a bearish call on gold. where do you stand on gold? where's it go? viewers have a certain portion of that in their portfolio. >> ye

and it went from $4, rallied to $18.d up being right and then carl wound up winning in tend. >> happens a lot. >> always useful. >>> all right, coming up next, why america's shopping malls could be a dying breed. we go dead mall walking with one of the industry's most vocal skrit ickes. >>> first, surf's up. two areas you may want to bail out on. stay tuned. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex

my concern was not whether the markets would rally.that when you attack those who give money away, it hurts charities, and when i -- i'm looking out for the poor. you know, they want to say this discussion's about the wealthy and the poor. face it, it's the wealthy who help the poor. when charities tighten belts, it puts pressure on government. i think that a 20% across the board in every single agency, department, and, come on, you talked about the waste. there's things we spend money on that the american people don't know we're spending money on. just start there. cheryl: all right. unemployment -- before i let you go -- unemployment extended for another year. would you have discontinued the long term unemployment benefits? >> let it all fall and let everybody who then was affected come to washington and talk themselves about how they were affected as opposed to having back deals cut to where hollywood lobbyists and others were able to get their way and the rest of us will suffer as a result because money moves. money is going to go

one of the rallies unfolded on the coast at san mateo count. patrick sedillo was there. [ singing ] >> reporter: in pacifica today, more than # hundred people -- more than 200 people rallied for the 2nd amendment. >> we need to have weapons. >> what for? >> to protect ourself. if a crime is committed, the cops come 10 minutes after it is over. >> the rally is against the president's plan to place stricter controls on guns. >> the president's plan is fair and balanced to bring safety for our children. >> but steve kemp said the law is strict enough as it is and if pressed would he use his gun. >> if somebody broke into my house and they were in there, sure i would. what am i supposed to do, let them kill me? >> but in the wake of sandy hook, this mother was there in support of the other side of the issue and just wants to keep her kids safe. >> i don't want to have to hire armed schools to surround the school wondering if someone will bring in an assault weapon and shooting 30 or 40 kindergarteners. >> how many times does it have to happen befor

so this is a relief rally. the problem with relief rallies is once we know we're not going to fall off the fiscal cliff, you can't know that again. you only get that fact once. so it's like okay, great. i survived. i'm not going to die. but that still leaves the question of what's for dinner and how am i going to earn the money to pay for the dinner? i look forward to this coming year, i see an economy that for three and a half years came out of a great recession and has not had a great expansion, and now we're going to add higher taxes. the so called american taxpayers relief act doesn't give tax relief to anyone. it raises taxes on everyone. rich and poor. >> let me get jack in here. you've got the s&p up 20% for the year. everybody loves an optimist, including me. but what don says is true, actually. the payroll tax is going back up substantially for the middle income people and the upper income people do have tax hikes. maybe for the investors, movers and shakers, the tax hikes are less onerous than they fe

today's rally a precursor to the national day of resistant that is a series of pro-gun rallies taking place on february 23rd. >>> san francisco police are investigating remains that could solve an almost 30-year-old cold case. 10-year-old kevin collins disappeared on his way home from basketball practice in 1984. police served a search warrant in the haight-ashbury district yesterday. the home is close to the last place collins was seen. police sigh a cadaver dog picked up a scent and they found bones in the garage of that home buried underneath. neighbors say police detectives have been snooping around since at least december. >> they wanted to come into my room because you can see out my window into that backyard. and they said that there was a homicide investigation about something that happened like 20 years ago. >> the medical examiner says the bones found underneath the concrete look like animal bones, but they will be examined just to be sure. >>> and this morning, walnut creek police still searching for thieves who strongarmed a jewelry store. the suspects targeted the davidso

rally. german's december adjusted jobless rate, 6.9% from november's figure. and as forecast. that's where we stand at the moment. after very strong rallies yesterday, dow 2.64%. european markets up 3%. something more of a pause today. let's bring you straight up to how we check in asia. sichuan joins us from singapore. >> thank you, ross. china's latest official services pmi for december came in if a four-month high. this followed news earlier this week that put factory activity at a seven-month high. the construction sector was a key pick up. but transportation services showed weakness due to demand for china exports. the chinese recover is gaining traction. so the chinese markets will get a chance to react to the u.s. fiscal deal when it resumes trading tomorrow. elsewhere, a largely green day for asian bourses. the hang seng added .4% after % surge yesterday. industrial and consumer goods were cast by losses and utilities. elsewhere, the south korea kospi saw some profit taking ending do

today's rally was organized by advocacy groups, one million moms for gun control. it was a day filled with emotion but also reality. the nation is still sharply divided when it comes to guns. a ground swell of support for stiffer gun laws and thousands rallied in washington to call for change in the wake of the newtown shooting, holding signs bearing the names of those lost and speaking their minds. >> no more. it's time to do something about it. >> we can and must free our nation of this scourge of gun violence. >> reporter: among the crowds mothers who have lost children to guns, elected officials, and parents from the newtown community. >> we're grieving but hopeful that something so atrocious can bring about some change. >> reporter: smaller gun control rallies across the nation today including this one in new jersey. >> i think newtown has been a real turning point for me. the real turning point was having to tell my son. >> reporter: gun buybacks in california and in seattle where a rocket launcher was brought in. the president using this public support to pr

this is continuation of a rally that began at the end of november. when we started rallying, hoping a fiscal deal would happen here. look at this. new high on the russell 2000. this is the etf. an historic high. new high on the mid cap index. an historic high. noteworthy numbers now that you can see in the history books. i've been asked about why one sector a certain group of retailers are on the side today. you can say higher payroll taxes, a super gain will impact consumer discretionary spending. if you will notice in the last four years, every single day, first trading date of year, s&p up 1.6% last year, 1.1% the year before and 1 .6 the year before that. the first trading day in the last few years has been a strong one. >> history is on our side, thank you. i want to ban these words in 2013, risk on. only after i use it. we have money coming out of bonds, going into stocks. i can see the ten-year yield is spiking. >> these are the highest yields since mid october for ten-year since mid september for 30-year. even the dollar index has reprieve to

is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. th're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say out the potentialal battle looming congress. >> markets could go haywire, interest rates would spike

, dare we say, a fiscal cliff relief rally?50 points. now, look at this, please, all 30 of the dow stocks are in the green. and sky of blue, sea of green. yes, we have it all up, 30 of them. hewlett-packard to wal-mart, every single dow stock is up and then some. nice going. one bride in china came with an expensive price for her father, four boxes of gold, a porsche, a mercedes benz, and bank account with 20 million yuan, yeah, 3 million bucks, 5 million shares of his company thrown in and a package as this part of the deal, 16 million. the couple went to school together until they he were 18. and celebrated with an eight-day public wedding banquet and for good luck, as part of the dowery, 2 million dollar to local charities. the father of the bride is a tile, bathroom tile magnate. 163 million dollar and a dowry did you come with that? >> not at all. probably came with a hair brush and a comforter. the story about this, this is a region of the country a lot of very rich people, bragging rights to giving these kind of doweries

they are ready for the ravens rally.they are ready to spend tp ravens off to new orleans, they are out here early, they are not letting wintery mix bother them. we have the cheerleaders joining us. tell us about what the fans can expect. >> we have 6 to 10:00, bacon and beer. at 12 the players will show up. >> reporter: you see all the fabulous signs here, my friend tim here made these signs. i heard you haven't gotten much sleep. >> no. i can't get much sleep. >> reporter: as you can see, people are excited about the ravens. the event kicks off at 11:30 this morning and 12:15, the ravens are expected to arrive here, and of course the fans are already starting to gather. they are expecting more. sherrie johnson, abc2 news. >>> northbound light street, lee and pratt streets will be closed from 11:15 until 1:30 this afternoon. southbound light street remaining open, though. >>> a possible immigration reform deal outlined by a bipartisan group of senators. it's going to cost you more to mail a letter starting today. the pos

and i think this rally, i think it's early. and i think robert half, it by far the best way to play it. after the break, i'll try to make you more money. >>> coming up, herbal cure? some of the street's most recognizable money managers are engaged in an all out war over shares of herbalife. is this stock market soap opera plays out in the limelight, are investors missing a more profitable picture occurring backstage? stick around, cramer clues you in. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> if you watch the show for let's say more than just the last six months, would you know

today made their annual pilgrimage to the nation's capital to march for life this forced pregnancy rally has been held in washington d.c. every year going all the way back to one nine hundred seventy four you can tell they really believe it's an issue of life and death as every poster slogan and every speech is filled with the word like it's called the march for life they've named their moment the pro-life movement taking that name from the mid one nine hundred seventy s. in the mid one thousand nine hundred deaths penalty movement that used to be what we call the right life the right to life movement this country these folks are on a crusade and they have every right to march and to have their voices heard but yet every year the march for life makes a very odd decision they almost exclusively bring the republican party into the fold as allies in their pro-life movement they've given credence to what's called a pro-life caucus in congress that's chaired by a republican who is a self a champion of life and it was none other than speaker of the house john boehner himself the leader of the