lou: senator richard shelby, thank you so much. much more on these negotiations over what would be tax hikes and $1.2 trillion on the first of january. we will be talking with congressman devin nunes of california. >> big-money donors visiting the white house. does the president really want the ceos advice? things are getting serious with the republican party. what is going on? we take up that up with a former ceo of verizon wireless. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. a at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung functi

lou: senator richard shelby, thank you so much.re on these negotiations over what would be tax hikes and $1.2 trillion on the first of january. we will be talking with congressman devin nunes of california. >> big-money donors visiting the white house. does the president really want the ceos advice? things are getting serious with the republican party. what is going on? we take up that up with a former ceo of verizon wireless. republican strategist brad blakeman is coming up next. for ma, nexium helps relieve heartburn symptoms caused by acid flux disease. osteoporosis-related 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. lou: it is now clear that there is a reason why the white house is not talking spending cuts and only higher taxes on the so-called wealthy. even though half of those folks are running small businesses. we will be taking all of that up in mo

i know in your article you talk about senator richard shelby, the senior republican on that panel.s, tell me what you're actually hearing from some of the senate aides and some of the people on the hill. >> the chatter that i hear on the hill as i reported in my piece is that major banks, the groups that lobby for them here in washington, are making phone calls to the senate banking committee, urging them to pressure the leadership and the democratic party to do what they can to try to deny elizabeth warren a seat on the very powerful banking committee. and there's a reason for that, and it's not surprising that the banks would do that, and it's not surprising that the banking committee would take their calls. you see, there is a revolving door between the senate banking committee and the biggest financial players, you know, in the united states. the staffers from the banking committee will go to, say, jpmorgan chase, the monster bank. staffers from jpmorgan chase or other banks will come onto the banking committee. there is a status quo there that elizabeth warren would upset if s

tonight you catch senator richard shelby who will have an up date on exactly what is going on with the cliff. >> ranking member of the senate banking committee. one of the most astute political leaders and observers. lori: wall street likes the idea of lou as man of the year. the dow is up as we've been talking almost 50 points. let's check the markets once again with nicole. she is on the floor of the stocks exchange. apple shares giving a lift to the markets along with mr. lou dobbs. >> we have to give lou dobbs plenty of credit. "time" magazine arrived at my door with lou dobbs on the cover i would be perfectly fine about that. let's talk about apple. apple is on the move to the upside. we talked about the iphone five getting approval in china. this is a really big deal because some of the experts would say the recent selloff we've seen in apple because of the delay getting the iphone five over to china. with this, this obviously would give them a whole broader new market and interestingly enough a lot of the analysts have been very hot, these are my friends from florida. show your