and the gar b smith, tobin smith. jonas max ferris, welcome to to everybody.k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are mad and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying we should see increase in holiday sales like 4%? >> that's right, brenda andnd i'm still staying optimistic, two really important numbers at that came out this week, the university of michigan consumer confidence survey shows that it's at the highest level since july of 2007 and additionally, the expectations for the next six months are also at the the highest level in five years, despite the uncertainty, consumers are feeling pretty good and the word out of washington today, is a lot of trying to work together. >> well, gary b, actually

here are the bulls and bears this week, gary b smith, tobin smith. and stephan fitch. welcome, everybody. todd, four more years of big government means four more years of job losses? >> absolutely, i tell you why. big government is not the answer, we've went through this for the past four years and seen government expand over and over again and now the same composition in the congress as well as the white house, what are we looking at. obamacare, dodd frank and heavy costs, companies will not hire. >> okay, stephan, do you agree? >> i agree partiay. we should be concerned about government growing out of control. first of all, government through quite a lot during the bush years and we had pretty robust private employment expansion and the government has some down significantly, the tax policy center took a look at this. pops up to 30%, i acknowledge that at the beginning of the obama term and come down since. i think we are going to see that drop in the next three, four years, i don't think he's an anti-government guy don't get me wrong or the governmen expander he's b

i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp and steve murphy, welcome to everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when businesses are hurting and at a time when they're uncertain about labor costs and this is going to take full-time jobs to part-time jobs, and it' going to mean the closing of plants, and factories and already met one right here, with the hostess twinky factory. >> tin that was 18,000 jobs, just forget about it, you look at the auto workers, the steel industry, airlines, you go down the list and unions fits for pensions a

let's go to tobin smith. today we have housing indicating that it's looking a little better.py and the obama administration seems to be saying that it's not great, but it's better than it was. will that be enough to close the deal? >> well, i will tell you this. it is down to eight states. in the eight states wher this will be contested from the independent voter -- they have to ask themselves, it's four more years of slow growth going to get me to where i want to be financially? are we going to unleash the power of the economy that we are holding back, or are we going to be on the tepd look. i think you would say that i can't take another four years. neil: it is interesting when you look at the numbers that it is a lousy lousy recovery. we have gotten so used to this, that even when they are mildly a dismal expectation, we think we have hit a home run and we are happy as can be. >> i think that that is the case. in the beginning he says there are some signs of things getting better. 424 of the 500 s&p 500 companies have reported downward revisions for the fourth-quarter earn

tobin live in chicago. mike, thanks. >> you got it. >> shepard: i'm shepard smith. this is the fox report.the bottom of the hour, time for the top top of the news. and lawmakers are now demanding to know why investigators kept them in the dark about the new scandal at the cia. the agency's director general david petraeus stepped down last friday after word broke that he had been sleeping with his biographer paula broadwell. fox news confirms over the summer the fbi notified the attorney general eric holder that general petraeus name had surfaced in an investigation. agents also confronted jen petraeus himself at some point in the last six weeks. now top lawmakers say the fbi should have let them know what was going on before they saw it on the news. catherine herridge top story at the bottom of the hour in washington tonight are they obligated to notify congress? >> that's a great question. former justice department officials and fbi investigators point to title 50 which governs national security and defense issues with section 1413 a dealing with notification. it reads in part, quote: sha

discussed underneath the course while laura smith reporting well up next i will be looking at the kremlin's take on obama's victory and how it may bode for the tobin ties between the two powers and much more after the break. the six america votes for its next president. of the us drives into the future. gets the news the mainstream this is without a close election. the us election up close. and. trimmings in this tree even for specialists a voice can produce several sounds it warms to the means the art of throat singing comes naturally picked up like a language. a language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but also surrounding objects like reverse forests and even stones of souls imitating the sounds they believe assumes to capture the power of nature. was. to get to one of the five main stars of scrotes engine it imitates the gentle breezes of summer chara whose name means great hunter says he suspects adopt. there are special instruments that accompany the singing if gainey says there is even a legend about his instrument a gill it says once there lived a poor she