tracy byrnes and ashley webster speak with former senator pete domenici. stay with us on fox business.

dagen: tracy byrnes is coming on. she will talk about taxes.r that. ♪ cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside frm his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. dagen: at noon eastern markets now. i am cheryl casone. dennis: diane dennis kneale. we will go inside a white house meeting with our favorite small businessmen through

tracy byrnes has joined me.e talking about the fact that 46% of kids between 6 and 12 one and i and i'm shot 40% of kids have not figured out a way. they are beyond expensive but a hand me down refurbished, all the money spent on everything else. tracy: the acme is the perfect solution. i'm not sure i would buy those tablets. why not hit the ipad? sandra: amazing to see how many kids have them. so many educational games and stuff but it does raise the bar. tracy: skype grandma -- sandra: i can hear you justifying these purchases. we will have a terrific show. happy thanksgiving. tracy: i am tracy byrnes. melissa was bringing it up. are americans ready to spend more money on holiday shopping season? we are going to enter big questions about the state of the american consumer. the best retail analyst in the business, marshall:here to tell us with stories bring up the biggest sales and hostess back in court after union workers again refused to take cuts to keep the company and the business open. what is next for th

for the future of the developer. >> i was thinking every time gerri willis says fiscal cliff, tracy byrnesacy: that is a great idea. >> tracy weighs like 100 pounds. all right. from the drinking games too, i guess, online games. breaking up is always hard to do. the two deciding to part ways a little bit, not entirely. the company posting filings yesterday after the closing that they will mend a 2000 agreement that makes zynga minimize their losses down 4.2%. they spoke flipped into the green. a rough road for both of these companies last year. basically what they have decided is zynga will no longer be bound specifically to be big game platform for facebook. it does not even have to use its payment system. in return, i guess, facebook will be able to start coding games itself. they spoke, according to a statement i got, is in no rush to turn itself into a zynga competitor. "we are not in the business of building games and we have no plans to do so. we are focused on being the platform where games and applications are being built. sometime in the future it will get into this business some

oil and gas expert tom kloza joins tracy byrnes next on fox business. acy: hey, everyone, i'm tracy byrnes. press -- presidential candidates with hours to go. "wall street journal's" gerry seib will tell us where this election will be won and lost. way long lines for gasoline in new york and new jersey. i know. i have witnessed it. days after officials promised relief. how long will it take for millions of people to have easy access to the gas they need to get to work? are we all going to just have to stay home? oil and gas expert tom kloza will weigh in a few minutes. first it is time for stocks as we do every 15 minutes. we head down to nicole petallides down on the floor of the new york stock exchange. nicole, so pretty in red before the election but no one is trading, huh? >> you're right. the volume is zoom what anemic. we traded just under 300 million shares on the new york stock exchange. i noted this is a lighter than usual day here on wall street. the dow jones industrials are down 11 points. not too far off from the unchanged line. we have winn

our crew we have wayne rogers, jonathan, tracy byrnes and christian is back with us today. so welcome to all of you tracy, you were one of those on the show, you were warning about the side effects of the health care law. how bad is it going to get? >> it's getting bad already. the unintended consequences are out of control. look, people are going to get laid off. we're hearing that already 'cause companies just don't want to pay for health care. if you have a job, your hours might get cut to part-time or consultant. my brother just got hired as a consultant 'cause nobody wants to pay health car then there is the premium angle of it. we hear at news corps, our premiums are going up because it is getting more expensive. everything is going to be affected by this and we've been saying it since the canaan -- nancy pelosi said she had to read the darn thing. >> i know your criticism is they didn't read it before they passed it, but one of the big criticisms here is that there was no cost control in the law, so heree are. >> well, it's going to be that way. health care costs are

tracy byrnes will go over the next hour. >> what about europe?the best of the worst. >> i am tracy byrnes. lori: down to the wire as the president and a governor face-off and the key sa

it's just common sense, from td ameritrade. >> hi, everyone, i'm tracy byrnes.lloff under way. looking

tracy: i am tracy byrnes. ashley: and you are back. i am ashley webster. ident obama saying we are moving in the right direction. mitt romney says not fast enough. tracy: we have to get you up to date on the very latest storm aftermath. staten island is screaming for help. aid going to other parts of new york and new jersey. lines for gas extend for miles. ashley: power is out. hundreds of homes have been destroyed. the city is still planning to run the annual math on that starts off on sunday. a lot of people are not happy about that. the mayor of new york, mr. bloomberg, says it will go ahead. stocks now. the dow heading down. we will go down to nicole petallides at the new york stock exchange. very much a ho-hum day. nicole: yes and no. we have had a very busy week. the dow is that session lows. down 71 points. we are trying to kick off november with positive of arrows. october had down arrows. we had four months of of arrows. october, we sold the selling underway. let's take a look at how we are very right now. the dow jones industrials down .5%. we hav

tracy: the bah humbug tracy byrnes.'m ashley webster. 34 days and counting until that fiscal cliff. white house and congress will appear no closer to reaching a deal or even talking about one for that matter. how long will it take to get some action? tracy: if only. a dire warning on housing. despite new signs of recovery, fiscal risk expert chris whalen will tell us why he says housing is going to drag the economy back into recession next year. ashley: talk about bah humbug? would you like to win half a billion dollars? that is a stupid question. of course you would. just before the holidays as well. the record powerball jock pot is getting bigger. we'll take you, we'll tell you actually your chances of winning the prize and it is not very good but you can't win if you don't play as the lottery says. i know you hate it. tracy: i do. i absolutely clearly opposed to it. ashley: i went hate it when i win but i will remember you. tracy: thank you. ashley: first time for look at stocks at this hour as we do every 15 minutes

tracy byrnes and ashley webster speak with former senator pete domenici. th us on fox business. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force co-chair pete domenici is here. stocks twisting and turning on every word out of washington. we'll hear from a top strategist to protect your investments amid all the volatility. ashley: a trillion dollar problem getting enough attention. american student loan debt surging now topping credit cards and auto loans. tracy: we'll. ashley: we'll have you will the very pering numbers ahead. tracy: after all that i said senator domenici's name wrong. nicole petallides is on the floor of new york stock exchange. nicole, stocks trying to hold onto this 50 point gain here. >> we're actually moving higher now. we're moving close to highs of the day. we sold off early on coming off heels of yesterday where a lot of folks we

tracy byrnes has the story next on fox business. miss it tracy: happy friday, i'm tracy byrnes. progress on the fiscal cliff believe it or not. both sides expressing confidence they will find a way to avoid tax hikes and spending cuts that could cripple this economy. no winners in the union battle at hostess. the twinkie maker says it can't stay in business if union workers won't agree to pay cuts. now those workers and thousands more could be out of a job. >>> $16 billion in the hole for the federal housing administration. is another bailout on the way and could it hurt your chances getting a mortgage more importantly? but top of the hour. time for stocks as we do every 15 minutes we head down to nicole petallides on floor of the new york stock exchange. nicole, i find it so interesting the market turned positive after our lawmakers came out and said they had a constructive meeting. >> constructive means nothing is done net. when i walk the floor and ask traders they know both sides, bipartisan, need to come to some sort of agreemen

david asman and tracy byrnes save me from myself for the last hour. ve: you have that are your eyes right now? tracy: cheryl needs to soak her feet. dave: look at this, 1:51 a run on the market. these are the day's highs. session highs. not that way. tracy: the sun is out and i am full from yesterday. dave: tracy is in for liz. let's go to robert gray at the new york stock exchange. great news we are trading high into the end of the session and the end of the week. a good black friday. robert: very bullish black friday indeed. you mentioned session highs making a run for a 13,000 level, volume today very light. that is anticipated, the closing bell coming several hours early today but we have the run up today, a broad based rally. all the industry groups with the exception of utility's continuing their sell-off we have seen this fall particularly picking up steam after the election. a lot of concerns about the dividend prospects for those companies but broadbased being led by consumer stocks on black friday. a couple minutes to go. we are heading for t

. >> i am tracy byrnes with your fox business brief. wall street as american choppers do not appear to be the only one in a shopping mood this friday. budget talks in the area clashing. deals possible. they must find additional reductions. there is no queue for not taking online spending. the possibility of lifting the stock on one of the fastest growing markets. china. they will have to wait until china finalizes plans to set up an international board in shanghai. it is only listed in both germany and new york. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant dagen: walmart protests continuing around the country this black friday. it is not the employees who are open arms and out walking around. jeff flock is live from illinois with much more. hey jeff. jeff: in fairness, there were a few. no one walking off their jobs that we saw in chicago. some people already had the day off. one guy said they gave me the day off because they knew i wanted to

tracy byrnes has a preview for you. that is next here on fox business.y with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going onow -- but hurry, the offer ends soon. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. ing that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same th

tracy byrnes is here. no love connection. tracy: literally, no "love connection."g you were the bond girl and there was none of that for me. >> a little disappointed. >> what did they have left? blowing a lot of stuff up? tracy: dennis kneale and i will fight about later. he thought it was the greatest bond movie ever. >> -- javier bar dem. tracy: stop it. take it that way, the fiscal cliff is less than 50 days away, the white house making a new push to hike taxes on the most successful americans. will republicans cave? we'll have the very latest ahead. >>> and new york state asking uncle sam for at least $30 billion in federal aid after superstorm sandy. thousands are still without power. it is two weeks later. what the heck! former superintendent of insurance in new york is our guest today. >>> and as we americans salute our veterans, dozens of companies are pledging to hire at least 100,000 vets by 2020. we're going to meet one iraqi veteran who is actually one of the thousands hired by jpmorgan chase. it is a great story. that is ahead. first the top of the hou

he joins tracy byrnes next on fox business. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before oning a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. i'm tracy byrnes. all right so we've got a dire warning from fed chief ben bernanke. he says no deal on the fiscal cliff will actually cripple the economy in the new year. so wall street is listening. is washington? >>> plus, if you thought things couldn't get any worse with hewlett-packard, think again. coming up, how the tech giant managed to spend 10 billion dollars on a company it now says was riddled with bad accounting. >>> and could it be the most lucrative insider trading tip-off of all time? former hedge fund manager is

. >> tracy byrnes with your fox business brief. market selling continues in after-hours trading.t dow down 85 points. this iprices on expectedly felln october following the three-week gains. leading by declines in energy and auto. fact of the volatility of food and energy costs, core producing prices dropped a tenth of a percent. and christie's auctioned off the joseph diamond last night for 21.1 early in dollars. a world record auction for colorless diamond. one of two out of this world diamonds being auctioned off. they call it exceptionally rare deep blue diamond expected to get about $4.5 million. that is the latest from the fox business network giving you the power tose prosper. based on this chart ? don't rush into it, m not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than al

he will join tracy byrnes next. do not miss it. ♪ melissa: the market hanging on. up 160 points.t that much, but it has been down so much that we would celebrate anything. lori: we were talking about it for days it seems to come. then i think they are good. melissa: we had a guest on that totally disagreed. tracy: lori and melissa will both be on together tonight. they are all up over 1% today. stop the bleeding from several down weeks. will this rally hold back that is such a key question. is now the time to buy? we will talk with one analyst who just is not sold on this whole recovery. the future for hostess could be decided at any moment. the bakery goes before a bankruptcy judge this hour. we'll be forced to liquidate. we will bring you the very latest as soon as we hear. first, it is top of the hour. it is time for stocks. they are in rally mode. nicole petallides on the floor of the new york stock exchange. it is easy to come to work on a day like this. nicole: you are just hoping that it is going higher. everybody would be very happy with a 1.5% gain on the major averages.

. ♪ >> i am tracy byrnes with your fox business brief.gle-family home sales fell within expected. a seasonally adjusted annual rate of 368,000. september figures were also revised lower. fewer americans are applying fo% home mortgages. it dropped nine tenths of 1% in the week ending november 23. student loan balances and delinquency will surpass that of credit cards for the first time ever in the third quarter. according to the federal reserve bank of new york, student debt has risen 56% whereas other forms have declined 18%. that is the latest from the fox business network. giving you the power to prosper. ♪ n i help you? i heard you guys can ship ground for less than the ups store. that'right. i've learned the only way to get a holiday deal is to camput. you know we've been open all night. is this a trick to get my spot? [ male nouncer ] break from the holiday stress. save on ground shippg at fedex office. cheryl: my next guest that of a new product that makes cleaning more fun for the kids. amy bradley is the inventor of the toys dozer

. ♪ >> i'm tracy byrnes with your fox business brief.street continues after march by immigration discussions. and on the housing market also pushing the market higher today. americans racked up more debt in the third quarter and diligent about paying it back on time. according to the new trans union report, credit card debt jumped 4.9% from last year. just under $5000 per borrower. the report shows the rate of credit card payments at least 90 days overdue increased 1% over the same time. u.s. expects to deliver 550 million packages between thanksgiving and christmas. 5% increase from last year's total. and the shipping time hiring 55,000 seasonal employees. that is the latest from the fox business network giving you the power to prosper. cheryl: we are getting some breaking news into fox business. u.s. secretar secretary-generalt with israeli prime minister and palestinian president in an attempt to bring cease-fire to gaza. and the u.n. security council meeting that is underway focusing on the issue between israel and hamas. dennis: wal

speak on tracy byrnes with your fox business brief.line in years. they are actually pushing the market higher. right now the dow was up 68 points. carrying a bag in the next flight is about to get way more expensive if you fly spirit airlines. the carrier more than doubling its carry-on fee $100. spirit helps move will encourage them to use an online system to serve bags ahead of time. it could be a good holiday season for the struggling videogame industry. sales of video game products in the u.s. retail stores fell 25% in october, $755 million compared to last year. the 11 straight monthly drop in the industry. that is the latest from the fox business network giving you the power to prosper. cheryl: it is time for your "west coast minute." once again attracted to investors thanks to the passing of opposition 30 raise income and sales tax. state treasurer says the quality of california will vastly improve and some analysts predict the s&p will upgrade the credit ratings. a new law in southern california requiring performers to wear con

. >> i am tracy byrnes with your fox business brief.s international lender failed to came to agreement on how to get the debt down. the greek prime minister says the last of the deal over technical reasons does not justify holding up the aid needed to advert bankruptcy. morgan chase again at record lows. a tram that is boasting home sales and aiding the housing recovery. according to freddie mac, the average rate on a 30 year mortgage rate is now 3.31%. the national transportation safety board says it is looking to kick the blackberry to the curb. they will favor the iphone. the federal agency claims the phone has been failing at an unacceptable rate. that is the latest from the fox business network. giving you the power to prosper. ♪ cheryl: i want to update you on the breaking news here at fox business. moments ago announcing a cease-fire. a deal has been brokered between the israelis and train -- hamas. we have seen bus attacks in tel aviv, also rockets being aimed at jerusalem. again, a cease-fire has been brokered now. the egyptian

speak on tracy byrnes with your fox business brief.gering concern about the fiscal cliff weighing on the market. the dow was only up about four points. meanwhile investors are driving up shares today. the car rental company agreed to sell some of its airport locations across the u.s. in a bid to win it with cory approval for the proposed purchase of dollar thrifty. the current tender offer for $2.6 billion deal expires november 15. a new survey suggests this giving turkey will cost a few more dollars this year. the presbyter give price of tur% from a year ago. on average fixing the meal cost just under $50. this latest from the fox business network giving you the power to prosper. oods' firs. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nde'll set money aside from his fir

tracy: i'm tracy byrnes. i told you we would be with you all day. who will the voters choose to lead the country the next four years? we're live across america including two key battleground states. we'll examine this election how it will shape the future of the economy, taxes and of course your investments. lori: aol shares surging today. more than 13% above 40 bucks a share right now. this is the company's best ad sales growth in seven years. they just reported. we'll be joined by the chairman and ceo tim armstrong to tell us in aol's bright spots and biggest challenges are behind or ahead. tracy: he will be happy to know you still have an aol account. first stocks as we do at the top much every hour. they are surging right now. we head down to nicole petallides on the floor of the new york stock exchange. we got a nice rally, nicole but we still have this election day 2008, is that true? >> that's right. we're going to take a look at a long-term chart. first let's talk about what we're seeing right here and right now with the dow jones industrial

. ♪ >> i am tracy byrnes with your fox business brief.rs were a bit more of the last month. the survey, which was completed a whole week before the presidential election, also shows owners grew more uncertain about how businesses will be six months from now. dow chemicals is on the rise after getting a ratings boost from goldman sachs. they believe it is earnings for shared growth over the next few years. aaa says more than 39 again americans will be driving to their thanksgiving destination this year. that is up from last year and the most since 2007. that is the latest from the fox business network. giving you the power to prosper. ♪ dennis: president obama meeting right now with this stalwart union laborers. it could be a chillier gathering tomorrow when he meets with business leaders. peter barnes give us a preview. peter: that is right, dennis. about 80 ceos are here. they are very worried about the fiscal cliff. he is warning today that companies have created backup plans that include layoffs if the fiscal cliff happens. a panel of

. >> i am tracy byrnes with your fox business brief.nues in afternoon trading. right now the dow was down about 94 points. president obama has looked to replace the head of the security exchange commission. she led the sec through major overhaul in the wake of a financial crisis. our very own fox business senior correspondent charlie gasparino first reported the looming departure. conoco phillips is selling the 8.4% stake in the sea production agreement for roughly $5 billion. the oil giant said that already knows the sources and has extended national arm of the oil and natural gas in india. that is the fox business network, giving you the power to prosper. dennis: a vampire, secret agent and a dead president with a new record of the film box office over the weekend. $288 million, better than the record set in '09. sucking up $64 million. the first bond film to cross the $209 mark in the west and "lincoln." and charlie sheen knows lindsay lohan's pain. so the star of anger management which let charlie strike it rich is handing $100,000

speak on tracy byrnes with your fox business brief.r in afternoon trading despite stronger than expected report on the u.s. labor market. the dow down 27 points. shares of martha stuart living something with the board of market. a day after announcing it is taking steps to cut costs company says declining value of the business and a drop in ad revenues widened third-quarter loss. they plan to lay off 12% of the nearly 600 person staff after steadily losing money since 2007. hardware lower on the return of a publicly traded company. furniture retailer began trading on the new york stock exchange after pricing just over 5.1 million shares at the high-end ohighend of the range,h raising $124 million. that is latest from the fox business network giving you the power to prosper. there are patients who will question, why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a dry mouth sufferer

tracy: i am tracy byrnes, markets are searching for direction as investors look to washington for thetiations. right now the dow is down 9 points. aaa joins the controversy surrounding the new blend of gasoline containing 50% ethanol. the nation's largest automobile group is urging regulators and fuel producers to stop selling it. trading potential for consumer confusion voided warranties and vehicle damage. the environmental protection agency approved the blend in june. apple is looking to take a bite out of the chinese market with consumer electronics heavyweight announcing the i phone 5 will go on sale in china december 14th, the ipad mini and fourth generation i had become available december 7th. of these products are sold in 40 countries. the latest from the fox business network giving you the power to prosper. and personal attention. which is why we are prou to partner with health care professials who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospital

i'm tracy byrnes. the dow is down 267 points. lori: that is 100 points better than it was. acy: that's true. lori: volatility on the rise. the dow was down 2%, a broad based selloff. good afternoon, once again. i'm lori rothman. stocks falling across the board because of new fears about the fiscal cliff, the economy rand europe. now of course the presidential election is behind us. it is the dow's worst day in 2012. in fact the worst day in about a year. tracy: as president obama wins another four years in the white house. what will it mean for you and economic recovery struggling to gain traction? lori: economic one-two punch in the northeast. nor'easter bringing out you toerful winds, rain and snow to an area still coping with the aftermath of superstorm sandy. tracy: some people still don't have power in our area. lori: thousands and thousands. tracy: get to the selloff. we go to nicole petallides on the floor of the new york stock exchange. as we do every 15 minutes, nicole we get an election and big european news they will not see any growth for a while, the market taki

tracy: i'm tracy byrnes. >> i'm ashley webster. new urgency on the fiscal cliff. both the president and republicans say they're confident a deal can be reached and both admit not doing so would be disasterous. tracy: yeah. stocks hit session highs after the president spoke. we don't see that very often. market guru jim bianco is here. he says why he thinks companies moving up dividends to avoid the fiscal cliff actually could backfire on them. ashley: maybe they should hang onto the cash. new home seals raising doubts about the strength of housing recovery. cold well bank are incoming ceo, budge huskey will tell us really what is going on with housing. tracy: and at this time we'll go down to breaking news from the federal reserve. peter barnes has the details. hey, peter. >> hey, tracy. that's right. the latest beige book from the fed and says, quote, economic activity expanded at a measured pace in recent weeks and, there have been modest improvements in hiring. this is the beige book that the fomc members will use at debate and possibly change policy although it

tracy: i'm tracy byrnes. stocks hit session lows but they have come back a bit. is still down 43 points adding to yesterday's route. it has lost roughly half of the 2012 gains in the last five weeks. ashley: another wave of power outages in the northeast. will sandy and the northeast put the lights out on vacation spending in the country's most pop youlous region. tracy: plus more trouble ahead for tech. one venture-capitalist says m&a and the ipo market will not bounce back anytime soon. ashley: no. look after yesterday's big selloff we're still off 45 points on the dow. off the session lows. time for look at stocks as we do every 15 minutes. nicole british petroleum on the floor of the nyse. >> ashley, tracy, we see selling on wall street. we saw the s&p 500 yesterday with a drop of over 33 points was the largest point drop this year. much like what we saw with the dow jones industrials. we have seen accelerated selling. today, we're not really doing much better. i mean there were hopes that maybe we would bounce back today. we're not seeing that. a majority of

melissa: i think i might >> good afternoon, i'm tracy byrnes stocks cut their losses.thing can stop the slide at this point? we're looking for answers ahead. china's leadership shuffle, man, oh, man. should american companies doing business in china be worried about the new men in charge? there are seven of them. chinese expert gordon chang here to tell us exactly what we need to be worried about. >>> the federal housing administration appears headed for a multibillion-dollar bailout, by you guessed it, you, the american taxpayers. liz macdonald back in 2009 reported this. this should come as no surprise but we're going to look at what it could mean for the fragile housing recovery. that is all ahead. but it is top of the hour now. so it is time for stocks as we do every 15 minutes which head down to nicole petallides on the floor of the new york stock exchange. nicole, the dow is down seven points but we can't seem to shake the negativity, can we? >> much improved, the fact it has gotten this close to the unchanged line, not too bad at all. that is enough to impress f

tracy: i am tracy byrnes.iament approve the new austerity bill by a razor-thin margin, 80,000 protesters stormed the streets clashing with police. narrowly approved cuts and tax increases were 13.5 billion euros over two years and critical to greece's efforts to stave off bankruptcy. mortgage rates continue to hover near record lows. according to freddie mac arrayed on a 30 year mortgage is up slightly from last week to 3.4%. in the first week of october they cut the record low of 3.6%. the u.s. trade deficit narrowed in september to its smallest imbalance since december of 2010. deficit dropped 5% from august to $41.5 billion as exports rose to a record high. that is the latest from the fox business network where you have the power to prosper. think it's wrd to collect air? you wouldn'think so if you saw what your lungs collect every time you breat. protect your health with life-saving air quality updates from the american lung association. get our free "state of the air" apat lung.org. cheryl: breaking news.

. >> i'm tracy byrnes with your fox business brief.exchange commission has reportedly filed a civil lawsuit against two former european civil broke us. trading ahead of ibm's purchase of a software program. "wall street journal" reporting one of the men learned about the tip from his roommate. sales rose more than expected in october signaling the housing market is recovering. the national association of realtors index rose more than 5% for september as steady job gains and record low mortgage rates may have made home buying more enticing. mortgage rates may have edged slightly higher last week but continued to hover near record lows. the average rate on a 30-year mortgage is now 3.32%. the rate has been below 4% all year. that is the latest from the fox business network giving you the power to prosper. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within

tracy: i'm tracy byrnes.tocks are losing their grip on the gains we had as we enter the last two hours of a brutal market, coincidentally happened the same time our president spoke. hmmm. the dow headed for third straight losing week of the nasdaq hasn't gained the past five weeks at all. ashley: the turnaround came after president obama claimed american voters endorsed his plan to raise taxes on the highest earnings. with the clock ticking toward a fiscal cliff, will they get down to work? tracy: i don't know. long gas lines in line for new jerseyians, we should put that in the script. we're talking with one new york official who used to work in the white house situation room. he is outraged. ashley: some people not getting power back until next tuesday. tracy: that is jersey. ashley: ray hennessey told me that. that is awful. stocks as we do every 15 minutes. sandra smith at the new york stock exchange. sandra, we're flat but stayed in negative territory no doubt after the president's comments. >> really un