in the s&p. so we closed down about 1% here and so here's a situation where i think the options market kind of has this a little bit. the six futures curve started ticking up earlier in the week in kind of a precursor to some of the equity weakness we saw today. in a lot of senses a pretty quarterly sellover. >> i agree with that. one of the things we saw in the options market. we've spoken about this many times. there are holidays coming up, if you back the holidays out, we're expecting greater than expected volatility at a time when you expect to see it more muted. one of the things we also saw today, though, is that expectations of volatility on fiscal cliff conversations get a little bit more muted when you see that the market didn't respond as badly as you might think. we're still up over the course of the last month. 5.5% over the course of the last 30 calendar days or so. up on the year. up on the week. i don't really feel like these are, you know, such catastrophic things. they're about to

this was in the late 50's. my grandfather and my father, like many other irish who went to cuba during the past three centuries, became integrated into the cuban society and many used spanish as their mother tongue. as a child, i was never able to pronounce certain words. i spent many solitary hours searching for words and phrases in dictionaries. my spanish was not cuban enough. my english was not irish enough. my catalan, only a few words. spanish was and is a privileged territory where i feel alive and well. my father grew up in new york and havana and married a cuban woman, my mother. all my family shared a great loving for havana, a city they call home. but contrary to my family, i grew up dreaming of traveling and wanted to leave havana for dublin, where some of the most famous writers i keep admiring were born, and also dreaming of paris where my grandparents, my grandfather, spend many important years of his life. also i want to move to my place, i don't know what was the name of that place. every time p

and the trouble comes back to the s & p, to 1336 to 1446. and brodin's going higher, and we could see terrific rallies in the dow industrials and nasdaq. she is approaching 13985. caught your attention and she says the nd x running up to 2982, a 12.7% increase where it is right now. could that be apple getting back to where it was? the bottom line, charts aren't more powerful than the fiscal cliff, while we wait for washington to finish its game of deal or no deal, this market has hurdle jumping to do. if the s & p can break out above 1446, the pullback can be overcome and the entire market could levitate. that's what we need to see to get charts on our side, or brodin's version of them. i'm with her. cautious, wary, but opportunistic, all the same. after the break, i'll try to make you more money. >> coming up, last minute shopping? after almost doubling this year, shares of the gap have gapped down. for this mega name clothing retailer, now be gift wrapped just for you, or will cliff worries about locking in gains for the year soon make it

temperatures in the 50's on the eastern part. into the 40's on the western part.we have the 50's here and 30's and 40's behind the front. it will turn out to be a mild afternoon. we have a piece of energy to go through. there are some light showers back into west virginia and kentucky and tennessee. i will put a slight chance for a shower in the forecast today. most of you will not see any rain at all. generally, the temperatures will cool off over the next few days. we will be in the 50's. it will change over the weekend. and arctic air mass will settle ain. a mixture of sun and clouds. high temperatures this afternoon in the mid 50's. it will be a breezy day as well. nice day tomorrow. 52 on wednesday. clouds of thick and up on thursday. a strong cold front goes through friday morning. that will not the temperatures into the 30's over the weekend -- that will knock the temperatures into the 30's over the weekend. >> 200 law enforcement officers on a better trained to keep your identity safe. the seminar will update officials on the latest devices including phone

the s&p 500 traded in a 20 point range. for the week, the dow posted the smallest gains, up just a half of a percent. the nasdaq advanced a little less than 2% and the s&p rose 1%. big trading volume despite many traders already on vacation, it's quadruple witching day, that's when many futures and options contracts expire. nearly two billion shares traded here on the big board. composite volume was more than twice as large. and almost three billion shares traded on the nasdaq. all ten of the s&p sectors moved lower on the selloff, energy fell by more than 1% and so did financials and telecom services that sector was weighed down by big losses in blackberry maker research in motion. more on that in a moment. today's selling came despite some encouraging economic reports. durable goods orders rose 0.7% in november, a slight decline had been expected. personal spending also picked up in november, rising 0.4% of a percent as consumers shrugged off worries about the fiscal cliff and went shopping. as investors sold stocks, they

the b line and the a line where there until the mid-1950's. we are taking the street cars away, but bart will come out here and everything will be fine. >> downtown, gary ave. >> when you get past it, it becomes gary boulevard. >> they wanted streets to be large, they should have vegetation and trees, they should be ornamental. gary strieker was the main road from the 1850's. -- gary street was the main road from the 18th of the's. >> it was planned as a major thoroughfare. >> it was a toll road originally. we make people pay to get on the road and we make them pay when they get to the clubhouse. it was a toll road. >> i think that does it for today. thank you for coming and sharing your information and great knowledge. we wi >> there are kids and families ever were. it is really an extraordinary playground. it has got a little something for everyone. it is aesthetically billion. it is completely accessible. you can see how excited people are for this playground. it is very special. >> on opening day in the brand- new helen diller playground at

we did it in the 1970's, the 1960's, the 1930's. when you lock yourself into a kind of gold standard -- let me or you a little bit with a history on the eurozone and the euro crisis. this is inimately connected with the story i have been telling today. when the global minotaur was happening, america was single- handedly responsible for generating enough demand for germany, to be the exporter, to not have to worry about who was creating demand for the equipment. germany was the net exporter within the eurozone and without the eurozone. and so it happened that the eurozone could keep sailing like a beautiful river boat. but with the storm of 2008, they started sinking. and the top people yelled at people that were below decks, saying, why are you allowing the water to sink in? we are going to punish you, and waterboard you fiscally. this is what is happening to greece now. is being fiscally water boarded. it is complete madness. not having learned the lessons of the 1930's, we are repeating all the problems with the gold standard. now,

of 16 -- >> 1740 on the s&p? uld be a 16-forward multiple which is the median since as far back as capital iq has had forward estimatinged earnings. >> right now you're on 1426 on the standard & poor's. let me get your take on this. i recognize there are a lot of ways to look at things. but there's also a technical way to look at something. and that is if a stock is undervalued, maybe it's cheap for a reason. and maybe it will get cheaper. so why do you think that we're supposed to go back to the way history has shown us, when in fact sometimes the stock is cheap for a reason and only gets worse. >> that's what's causing a lot of investors to sit on their hands saying i'm not buying into is the. our forecast is for a 10% advance which is basically what history says we should be experiencing based on where we are now in this low inflationary environment combined with trailing gap earnings going back to the late 1940s. there are an awful lot of head winds out there that could cause not to buy in. >> i love you, sam,

after reaching the low 60's this afternoon, we are talking about laws and the 30's. some of the northwest suburbs could drop into the upper 20's. we will have clearing skies tonight and that aids in the cooling process. the first batch of cold air will make its way into the east. another batch of cold air will be on its way. the cold front comes in late thursday into friday and that will cause big challenges and to the weekend. high pressure tomorrow and thursday into friday, the storm comes in with cold air behind it and gusty winds. saturday might have a couple of snow flurries off from the great lakes. high pressure should be building in but it looks like great trouble weather around baltimore for christmas eve. temperatures are in the 50's for the next couple of days and a drop to the 40's on friday behind the cold front and a major drop this weekend, the first offical weekend of the winter season. >> carrie engel from valley view farm's is here to answer your question. >> this is of the buddhist pine and it is a plant that is a slow grower. with the bonsai, you g

i checked it is 48 many people are in the 30's. san jose, 39 degrees, menlo park, in the upper 30's. concord, dublin, one of the coolest spots were as close to freezing. look for a cold night tonight with a cool start tomorrow sunshine but clouds will be increasing. there is a storm system at this point we will stay dry. new year's day a cold morning and temperatures the drop today. take a look these morning temperatures. getting down to below zero. plenty of sunshine, and snowfall, futurecast by midnight clear over northern california. clear skies in place and that will be the case as i mentioned for tomorrow. by 8:00 a.m., look for some scattered high clouds. by noon, those clouds will continue to increase. partly to mostly cloudy. these clouds will not have any rain chances. it is looking for new year's eve but is going to be cold. temperatures for tomorrow are going to reach the 40's and '50's. a chilly day from beginning to end. to stave we will see the new year with a sunshine. tuesday. we will see a new year with a sunshine.

the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind of what feels like here, bill. a lot of energy at the white house, a lot of curiosity surrounding this meeting. what you can't see from here and what i can't show you, unfortunately, is just about 50 yards from here is where you saw speaker boehner walking into the building, and we've got a whole cadre of white house still press photographers up on ladders peering over the hedge trying to get a picture of the leaders as they walk in and just to the left of that crowd is another crowd of reporters all gathered around the stakeout cameras. that's where the leaders could come out and talk to microphones if they wanted to say anything after this meeting. th

remember, the s&p rallied about 100 points in a very short amount of time. break above 1425 next level 1450, now we're looking at the 1475 level. if we do get 1500, that's a major if. i think you need a fiscal cliff resolution there. if you get to 1500 to see an additional 100 points from there i think is doable. >> i would have felt better if you said 1475 in six months and 1575 end of the year. yeah, 1600 is great in the first half of 2013, but the concern he has is on the back half of 2013. that's a bigger problem. i think that's the headline. >> up next on "halftime" hold them or fold them? three winning stocks and whether it's time to let them go. plus the ceo of ethan allen weighs in on the decision to offer a special dividend as fiscal cliff worries grow. amerie in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in ret

especially that we saw with the s&p. if things like this find a way, i think that's healthy for the market. it's to showing it that yes, we were able to react to it. we put it all together. it seems like the market down its place. big panic isn't there yet. i think what happened on washington is when the republicans said, listen, here's where we're at right now. they were expecting a the sap in the market. now they can say, we told you it was going to happen. look at how the market reacted. clearly, i think we have a match going back and forth. the effectiveness on the market is what we are seeing. liz: can i bring up the point, and there you can jump in this being at the cme -- when the first t.a.r.p. fell in 2008 when the dow jones fell 777 points. this is nothing like that, is that correct? >> exactly. what we are looking at is the u.s. dollar. where is that coming from? we are seeing a lot of movement now. i anticipate a lot more movement in the next week and a half. before the fiscal fiscal cliff does happen. i wasn'

the lone gainer was the s&p 500 tracking e.t.f. up a fraction. and that's tonight's market focus. >> tom: regardless if there's an agreement to avoid the fiscal cliff before the end of the year or not, our friday market monitor thinks the economy and the stock market will climb higher next year. hank smith is the chief investment officer of haverford trust, managing $6.5 billion. so, hank, for investors now, will it pay to wait and see? in other words, should they not buy anything now hoping that there's some kind of conclusion before the end of the year? >> well, tom, if they're already invested, stay invested. this is too trick tow try to trade around. but if you do have cash and we have a sell-off because congress fails to bridge this fiscal cliff, we think it will be an extraordinarily good buying opportunity and you should be able to take advantage of that. >> tom: when we saw the first tarp legislation fail in the house, the s & p 500 lost more than 8% in a single day. could we see that kind of violent reaction? >> oh, absolutely. and, you k

you went through the 60's with this dollar crisis. there is now a glut of dollars with the recovery of japan and germany, all these exports. it didn't know what to do. there was pressure, as there is now coming from germany for austerity and other countries in europe. there was pressure for austerity on the united states in order to stabilize the value of the dollar, especially given its rolls. this was crucial. and the americans did not know quite what to do. then made an attempt in 1979. first in 1970. an enormous strike with in 1970, and those high interest rates caused wall street crisis, the commercial paper prices, penn central and other. goldman got into trouble than for selling bonds for full value. and so they pulled back. the policies, ranging price controls. and it wasn't until finally and again under pressure from the germans in particular, volker understood that one had to break american labor in order to stabilize. we interviewed him. and he said, very interestingly, the more important than what i do in raising interest r

temperatures may be in the 50's today. mperatures will drop down for the morning and then rise this afternoon. more rain thursday into friday. >> thank you. 48 degrees at the airport. a hope for a new start for a new species of turtles. >> it is not too late to show us your holiday decorations. send us a picture of your decorations. >> the turtle hatchlings were released in bolivia earlier this week. it wants to release 3.8 million turtle's back into the wild. look at all those turtles. overhunting in recent years has threatened their numbers. >> young lovers puckered it up in a special kissing competition. each man had to kiss his girlfriend while their feet or off the ground. then the men had to carry the girlfriend what kissing her. happy to celebrate the love in front of so many people. that is a different. [laughter] all right. >> 6:42. >> a good time for joe flacco. >> which aspects of the holiday season can turn you into a grainch? >> i think you two could win that contest. things are pretty quiet right now. we hav >

number nine-- the u-s stock market. those worries about the fiscal cliff and maybe slower growth in the u-s economy, the stock market has had a great year. too bad you missed out. the smart money has been in the market. the rest of us have been worried about the fiscal cliff. number eight-- facebook's i-p-o. hundreds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its i-p-o price. number seven-- mother mayer. the new c-e-o of yahoo, who announced that she was just going to take a two-week maternity leave as she tried to turn this company around. 37 years old, looks like a mother's touch was just exactly what yahoo needed. number six-- mother nature. an intense drought in the midwest that scorched the corn and soy crop, sending prices sky high. who can forget superstorm sandy? neighborhoods along the northeast swep

temperatures in the 40's right now. 45 and it daly city. a 47 in vallejo. 46 in fairfield at this hour as you could imagine it is going to get cold overnight. the areas highlighted by the delta, with a frosted 53 into effect. 2:00 p.m.-8:00 a.m., with a frost advisory -- in effect with slippery sidewalks. 2:00 a.m.-8:00 a.m., give yourself some extra time. a look at the satellite & radar with cool and cold air. as we take a whiter of view are the satellite/writer this band. associated and this wider view. it is really going to impact our temperatures tonight. the cloud coverage will also not be as cold. >>catherine: saturday. scary moments in san francisco's twin peaks neighborhood. when a car went off a cliff. you're looking at video from sky-7 h-d, abc-7 news. how it all unfolded -- after the break. >> and, coming up 5-30. lawmakers making a move to prevent going off a cliff of their own -- the fiscal cliff. president obama, and a top republican meeting at the white house. how close they are to reaching a deal. >> the day that iphone users

even though we have seen the market down the last five days after reaching a peak in the s&p of 1447.it is not down significantly, yet we are still seeing pretty active vol buyers, and you are seeing the vix up around that 19.5 level - it has not been there since july of this year. > we also had a quadruple witching day which has now passed. i expect that probably factored in a little bit. but do you expect less volatility now? > > actually it is hard to say. i think there are still going to be concerns as we roll in toward the beginning of the year. if there is no deal, i think you are going to continue to see vol buyers into january, because the expectations are the s&p could slip significantly if nothing gets done. we are trending right now back down toward that 50-day moving average, chuck, which is around 1413, with the s&p right now about 1419. so, not too far away from there. so that is something we are keeping a close eye on. i think if we break through there, you would see a lower high in this pattern, and that potentially could lead to higher volatility expectations. > dan,

>> is going to get a lot colder which the 20's and the north bay. if 30's by the bay. a right now it is already pretty chilly. 40's towards hayward, the coolest spots and in santa rosa. even if 30's, 39 degrees in vallejo. taking a look at futurecast by 11:00 p.m. tonight we will see temperatures drop. 40's by the bay. watch for the pink throughout the night for the east bay. fairfield, concord, and the north bay looking at 20's. for the rest of tonight look at temperatures to drop. sunrise, is when we will start to see the coolest readings. mid upper 20s for the north bay valleys. below freezing for the east bay. 30's by the bay. san francisco, 41 and it is going to be another cold night for new year's eve. extra clouds in the evening. temperatures in the 40's. look for clear skies, cold temperatures, low 40's for the day. mid 30's inland and what you can expect for the first few days of 2013. >>> at least nine people are dead after a tour bus lost control and crashed down an embankment near pendleton, oregon. this photo from oregon state police shows the emergency veh

cheryl: you just got into the job for the u. sat you do in 2013 to give an update. brian fry, brand new to the job, thank you for coming in and happy holidays. over to you. dennis: a surprise deal to buy at -- nielsen will pay $1.2 billion, 26% premium over the closing price yesterday. that stock up 40%, so ends one of the longest-running rivalries in the ratings business, nielsen retreated years ago to radio, what they have to say? me at outlets elsewhere working there line ups after the tragedy in connecticut -- and the best funeral ever, abc yanked the finale of scandal from the abc.com, the discovery channel dropped a show with bad timing title of american guns and viacom's paramount delaying the saturday in pittsburgh for the next tom cruise action film which focuses on a sniper. leslie time heals all sandals. reminded of documentary on president clinton to be directed by morton's -- martin scorsese, cooperating by bill clinton, one of the few documentaries or perhaps the only one to get an adult rating of nc-17. cheryl: can'

beautiful to be temperatures high in the 40's. be in the midl 40's on christmas. but after, a strong storm system should pass through our area. that will give us areas of rain. on wednesday morning you could into a few wet snowflakes. otherwise you're looking at every event on wednesday. a pretty good soaking of rain. let's go to steve hershorn for traffic. >> american legion bridge, on the beltway between maryland and virginia, looking good, light .olume pretty typical of what the s like all around. silver spring on the beltway near colesville road, looks very with hardly anybody on the road. 270 near 118 in germantown, moving smoothly. all the hov restrictions are in effect today. in virginia heading up 95 and 395, everything is normal in of the pattern of traffic, much lighter than usual. springfield all to the beltway and n 395 to the 14th street bridge. there's no vre service. penn and brunswick lines are on a reduced s schedule. camden line service today on marc rail. back to you. >> thank you. here's a happy ending to a story dog from theng office county sh

as the temperatures drop into the 20's, the wind chill will probably be in the lower end of the 20's later tonight. it is 34 in parkton. will drop below freezing. some of that will freeze over. let's take a look of the futurecast. we will take into new year's eve. starting tomorrow, nothing going on. lots of sunshine. it will be breezy and chilly with lots of sunshine on sunday. on monday, you can see the clouds getting thicker. there will be a weak system passing south of us on new year's eve. we will watch this. this is 9:30 on monday. you can see snow developing in the mountains. there is a chance we could see showers in baltimore. the same thing on new year's day. we might get clipped with a light rain or snow on tuesday. at this point, it does not look like a big deal. for tonight, partly cloudy skies. breezy and cold. temperatures will drop into the 20's. the wind chill may be in the upper teens late tonight. dress appropriately if you will be out late. mostly sunny tomorrow, breezy and drive. high temperatures in the upper 30's. the clouds will thicken up on monday. a slight ch

you can see the temperatures in the teens and 20's from the ohio valley and on east. low 20's in the western suburbs. 28 in parkton and at the airport. at least there is no wind. the wind is barely moving right now. there is no snow or ice. skies are basically clear. we will collet mostly sunny -- we will call it mostly sunny. there could be some rain on friday, saturday, and sunday. mostly sunny skies today. chilly with the high temperatures in the mid to upper 40's. sunrise at 7:12. clear to partly cloudy skies and old tonight. the chance for rain will increase. there is a 60% chance it will not rain. there could be some scattered showers over the weekend. it will stay warm fruit monday. -- it will stay warm through monday. >> gunfire at st. joseph's medical center. jennifer franciotti joins us live to explain. >> good morning. the suspect was under arrest andhe was receiving some sort of medical treatment. he had a needle in his possession. just moments later, the prisoner attempted to grab a hospital staff member. the officer intervened. the prisoner tried to grab

we started is the 20's some locations in the 30's. with that cloud coverage it had a hard time a warming up. 40's through san francisco. 40's in fairfield, san jose. tonight will not the slightest told us last night to cuts we have a very worth of coverage. still wet but the rain drops have stopped for at least for the time being. showers possible but otherwise cloudy skies. mostly cloudy and some breaks of sunshine with there is possible the we could see isolated showers passing through. you're full forecast, coming up. >> team coverage, coming up. at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making

generally get for a trade to the low 20's. at you need to do as an investor is take a look your own fiscal cliff. are you truly in the shape you want to be in? 2012, 13, and stop and take out of how you personally are doing. you voted on november the sixth, you get everything you could do. take a look get your own fiscal cliff. liz: let's say you feel like risk should be on. positive about 2013. talk about stocks because you're going to have sex that people should be looking at right now. let's put up the first three. they all seem pretty similar. when you're looking at some of these names. target, walmart, costco. >> because for different reasons. each one of them has some strengths that the other one doesn't have. walmart in order to expand has been taking some black eyes here recently, but we think that they are backing plate. people are very concerned about getting good value for money. these behemoth's offer you a tremendous opportunity. full value for your dollar. >> everybody wants to know what you're saying. liz: who wi

in the s&p, the dow, as well as the nasdaq. to take a break here, but we have your first move for 2013 when we come right back. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking

into tuesday, rain showers possible earlier on, only in the 40's by the afternoon and low 50's the rest of the week. >> two area families joined forces to help victims of superstorm sandy celebrate the holidays. they collected donations and stuffed a truck full of toys. we first introduced you to 5-year-old sadey and 6-year-old tyler on 11 news earlier this week. when they learned each family was gathering toys to give to children who lost everything in the storm, they teamed up with the goal to fill this truck outside of target in white matt schaub. >> schaub -- marsh. >> we never thought we'd be able to fill a trailer so we are stuffing this truck today and taking it out next weekend to the kids who lost everything. >> sadey's mom says they're grateful for all of the and the families plan to drive the truck next weekend to point pleasant, new jersey. >> and hundreds of families with loved ones deployed overseas by the military have christmas trees in their homes this morning thanks to local business. the staff of the hubbard funeral home worked with the national guard to identify fami

temperatures in the 40's on futurecast and even 30's for the delta. i think we could see more 30's and with the computer model is showing. first, let us check out this afternoon with 50s. and temperatures could be going into the 60s than just the north bay. let us take a look at the morning's low. quite chilly. 34 degrees. 35 degrees in fairfield. and 37 degrees and concord low 40's for the east bay shore. and 40 degrees in redwood city. as for this afternoon low 60s except for palo alto. 60s in mountain view and san jose. for the inland valleys also low 60s in concord, livermore, los 60s for the east bayshore. 61 degrees there and mainly low 60s for the north bay. a look at your extended forecast with dense fog. the same locations as today. for this weekend, less fog and on the sunday, monday, tuesday, while the chance of showers returns >>pam: people walking on san francisco's embarcadero this afternoon were in for a show when a man climbed pier 29's police say the man hit one person with a skateboard and kicked another one before running away to cli

the issue tonight. we begin with kron-4's dan kerman. with details on what today's announcement means for moving the case forward. >> and california, we have had nearly eight or wrangling. those on both sides of the issue know the ultimate decision is now just 6 months away. that's when the high court is expected to rule on same- sex marriage in california. >> i know he clear you spouses for life. the clear you spouses for lifesame sex couples will have to wait a little longer to tie the knot in california the u.s. supreme court has agreed to review prop 8, california's voter approved ban on same sex marriage legal briefs will be filed and the case will be argued early next year possibly in the spring. then the supreme court should issue its ruling very likely by the end of june. 2013. >> does the constitution began this question of marriage? >> uc hastings law professor rory little says the supreme courts decision to take both prop 8 and the federal defense of marriage act. is significant because it suggests the ultimate ruling will have

regained ten loss points though not a bad move in the last couple minutes, the s&p down 6 and the nasdaq down 20, the nasdaq is down 5% over the past three months but apple down 27% in the same time. dave: let's talk oil ending higher by 1% settling at $86.73 a barrel, today's move helped the commodity end with gains of 1% even though it was up, we will talk about that in the show. liz: the shanghai market, the shanghai composite in china, closed well below the markets opened but here are some names posting solid gains when it comes to the steel world. optimism on china coming back giving the steel sector boost. prices for iron ore hitting a decent high lately, not a bad move, translating to a lot of names in this space for a while it looked like the economy was weakening and now it is coming back. dave: we want to let you know we will throughout this hour ridge you -- give the regular updates on a horrendous shooting in connecticut. that is coming throughout the hour. liz: how about alternative investment? putting money behind a pop culture icon. we are looking at other ways to make mon

. $429 this coin to be a smoking hot deal now have the s-minted coin and6 c13 stop making them 1992 and is only in the set because it was a samper insistence that. we just about sold out the proof at 3:45 a.m. in the morning. version if i sold the set $199 it would be a steal but if you look to the value of the box is about $200 per coin.i sold thisin rp69 two weeks ago at 2:00 a.m. in the morning and i sold every one of them at $199.started with 100 of these sats and now i have less than 100.we are going to sell them for three or four minutes and that is all.the government sold out during the course of the year several months ago. what i did was when i originally released them the price $429 at keep the original issue price in the 2011 set when we brought that out the original issue price was $429. i have that cory set now and if you go to www.hsn.com is $1,299.95. the 2006 sater --t i sold it for a hundred $99it is $1,299. those are the other to reverse print sats and they both haveonly one that has a silk san francisco mint mark san francisco mint makes other coins and the only did i

this creates the area for areas of physics in the 1970's. you're not thinking about the deeper ideas and not setting up the framework for thinking operationally. >> do you want to pick up on any of that first? >> only for one thing. i fear that we have a burgeoning student loan problems in our country. it is the only form of consumer debt that has increased substantially. it is by definition subprime. if we look at it on apple's bases, you do not have to pay interest when you are in school. there are very high default rates. i worry about kids. i think it is great. i studied in the social science s but i worry about the kids who are getting our literature courses in universities that do not have the same level of prestige. the call -- come from small private colleges and cannot get jobs. replay their student loans? -- can they pay their student loans? wilson need to think about people's employability and not people who went to berkeley and harvard and stanford but people who go to other kinds of schools and preconditions under which they can

s&p capital i.q. you heard about them talking about the deal and negotiations. does that change your forecast for 2013. >> well susie it confirms that s congress could teach space shake something about drama. >> the head winds have been wit. there is nothing new added to the equation it's just when wil the congress get it's act together. and our belief is if they don't pass something tomorrow they will early in the new year. >> you have been predicting thsw year. barring anymore drama for the fiscal cliff what is going to drive stocks higher. >> most global economies willhat quarter by 2 2012 and much of 23 will be a recovery year. also in the u.s. we are looking for 2-point 2% growth and expanding in 2014. and in an in an earnings perspee we saw the trough early this year and going into 2013 see a nine and a half percent increase in u.s. earnings for the s & p 500. >> that is encouraging becausetl up when they all come out for the fourth quarter you are expecting them to be up to 3 and a half percent so nine and a half percent is a big jump. i can see why you a

it the mid '30's. >> i will have a look at that desk-temperatures could get to the mid '30's. >> here'sr satellite and radar pictures high clouds in the bay area. however, we are off to a clear start. no issues with visibility. it is cold. we have upper '30's for napa and vallejo. richmond, oakland 31. 37 in redwood city. expect mostly lower fifties in the afternoon. some spots will not reach 50 degrees. we have a couple of spots that will up : the upper 50s. >> 524 fremont later this afternoon. 54 santa clara and campbell. as we head to the east bay fairfield your afternoon high 50 later. 524 castro valley. 54 in union city. mostly sunny conditions. upper 44 navato, san rafeal, and downtown san francisco. 52 in oakland. >> for new year's eve will have a few high clouds. you will want to bundle up. it will be a cold one. by 8:00 p.m. temperatures will be in the local upper '40's. as we approach mid night and bring in 2013 it will be a clear and cold day. in fact we have some light when the forecast. just a little bit cooler. inland will be in the mid '30's. expect low for is for your ba

jcpenney was one of the worst performers in the s&p 500 today. "the wall street journal" saying 2013 is the do or die moment for retrailers like jcpenney along with best buy, sears and radio shack. what is remarkable to me, stephen weiss, is that a lot of analysts are finally getting behind ron johnson and his style, because jcpenney has reverted back to its promotion always, which didn't work in the first place. >> it's mind boggling he still walks around with a halo. why you would ever want to go near this stock, even if they turn it around, it still selling at 20 times fiscal numbers. going to have to raise equity, versus now given what we've seen, the carnage. you have macy's at less than ten times next year and there's no turn around. so, why buy it? i still say sell it. ten bucks written all over it. go somewhere else. >> are you with weiss? >> i'm not in jcpenney at all right now. i'm long macy's. when you look at jcpenney, i want to short the name. so, you saw when it started to rally back about four months ago, it went from 26 to 31 on a

for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 areat to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have here. 1320 to 1340 buy in when it hits there, and can then, of course, sell. >> right. liz: so this requires real involvement on behalf of the investor, doesn't it? >> well, i -- the point is, liz, we, as i said, you've got a lot of headline risk, a lot of back and forth with the news stories. the point is to be disciplined. map those levels out, and then don't get caught in between. so i think if 1340 to 1320's a great place to add to your equity exposure, and then as we get up to the 1430 area and above, you want to reduce your equity exposure, and don't get caught in between. liz: sorry, i interrupted you because i wanted to make sure people were following, because you've got that new york thing going, or is it boston? >> a little bit of both. liz: i thought so, because you went to around saturday. let's go to

that is producing wind chill in the 20's. if you are going to be going out in the next few minutes or hours, address for temperatures in the low 20's. only 37 at the airport. we did not break 40 today. we should crews back into the mid-20's by the time you wake up tomorrow morning. we expect tomorrow to be a much quieter day. here is the big storm that came through here. this is the big storm from new england. on the backside of it, the winds are whipping. the further it gets from us, the calmer we will become. these clubs will be breaking up over the next couple of hours as well. as the winds diminish, that will be a good recipe to allow these clubs to drop into the 20's by tomorrow morning. our next storm is still a good distance away from us. we will get one day of dry weather before the weather comes in on saturday. we will probably get some snow out of it as we cruised through saturday. we are going to look at the gss model, for all you weather geeks. this is just getting started in the mississippi valley. we will take th

the futurecast, showing the pink and purple. 20's, 30's. the coldest inland east bay, north bay how cold it is going to get for tonight. >> it took two hours and more than 100 fire fighters to knock down a three alarm fire in san francisco this morning. three buildings at 20-third and capp streets in the mission district of san francisco were heavily damaged. the fire department says it started just after 9-30. some 35 people are displaced. including two children. there were no injuries. but all three buildings received hundreds of thousands of dollars worth of damage. the people who live in the buildings were allowed inside shortly after the fire was out. >> people were able to salvage their items and get some of their personal belongings. it is a difficult time of year. >> i'm glad nobody was injured, it is just a material loss. happy new year to everybodyto grab some of their the fire department says it has narrowed down where the fire started. at this point, investigators say the fire does not look suspicious. but the cause is still unde

s. and that is representing temperatures into the 20's. 20's already in the forecast for napa. fairfield and mid upper 30's by the bay and low 40's for san francisco. when we could have some slightly warmer weather on the way. >> an arrest has been made in connection to a deadly home invasion that took place in monte sereno. you are looking at video from the scene of the crime. sacramento police arrested de-angelo austin on suspicion of murder earlier today. he is the fourth person arrested in connection with the murder of 66 year old silicon valley venture capitolist - raveesh kumar kumra. the break in also left kumra's wife injured. los gatos-monte sereno police say the act was probably not a random one. now investigators are focusing on possible connections a suspect or suspects may have had to the victim's house. >>> more than 40 people are homeless tonight after a three alarm fire broke out in san francisco this morning. three buildings at 23rd and capp streets in the mission district of san francisco were heavily damaged. the fire department says it started just after 9-30

until the end of the 1980's. the designers of the 1980's. anyway, i was seeing that coutoure, made me dream. i realize that there were people that were not from coutoure but as good as coutoure. when i saw when i thought, i love it. it is nice in different. very creative. fabulous, ginzo. but i love coutoure. the way i was looking at magazines. i what -- i must say that my teacher was a journalist, explaining the clothing. now we call them stylists, which in reality was an editor, especially one which is a dead now. it was very inspiring. one from the magazine "elle." f fabulous, fabulous editor. she was mixing the close. she was doing something else than the panoply. matching, like in coutoure. she was taking an overall and putting with high heels and glamorous jewelry. i loved it. it shows me that you are not obliged. you do not have to wear the matching thing. coutoure, i saw similar things and making the dream, you know? instead, in myself, you know, i am sure that i was supposed to do coutoure. but at that time, there was no place. when

we're ready to help. >>> taking a look at the market, s&p are at the 500s of the day. 1445 is where the&p currently sits. there's a look at the nasdaq 100. we know what that's being driven by, don't you? there it is. apple at the highs of the day after not doing a lot for the early part of the day. 2 1/2 percent. apple in the premarket where apple dipped below $500 a share. apple getting a bit of a bounce. >> that's where they come back and tell you that they did. >> we shall see. energy is one of the leaders of the day. our neck guest is making a quite a bold call for the price of crude oil. the head of bank of america with the 2013 commodity play. nice to see you. welcome back. >> thank you for having me. >> let's get right to it. where is crude oil going because you're making one heck of a bold prediction. >> look, just to be clear, we are talking about a risk scenario for crude oil specifically. we still think brent around $110 a barrel next year. wti averaging 90. that spread stays wide into 2014 and we think that there is a risk that wti prices could see $50 a barrel. the reason i

so i'm very fond of a sailor in the 1960's -- 1960's. wonderful writer, an incredibly gifted sailor, and he enters the first around the world sailing race, i should say, the first around the world nonstop sailing race. you have to do it all without assistance from land. you can get rid your communication. that's it. nothing physical, and no one's foot contexture deck, nor can your foot touched land. he was actually in the lead during this race which was founded, there was a big price set up by the sunday times newspaper in london. he was in the lead, and he decides that it is a useless, if not pernicious gesture to go round the world has part of a commercial competition, so he throws the race. he was in the early and says, well, i'm just going to keep going even after he had passed the point rate cut of come back to port. he does another halfway tour of the world and to stop said he. who wouldn't. so that is interesting, and admire him and i recommend his accounts. a really wonderful writer. again, i kind of dawning consciousness of human