>> tyler perry grimacing there. a mixture of joy and horror at the character he created and made a huge franchise, amazing franchise. >> joy and horror. that's just about right there. yeah, yeah. >> did you ever think when you were young that one day you would be world famous for cross dressing? >> never. never in a million years, even the first time i did it i never thought it would last as long as it did. i thought, i saw eddie murphy do it, the brilliant eddie murphy, and i thought i'll try my hand as a female character, i did it and the audience won't let it go. >> i read a great line that i thought was probably true. i think tyler grew up being raised by strong black women. so much of what he does is a celebration of that. that's what madea is, a compilation of these women. that's why it works, because people see themselves. >> sure, as i traveled the country, i have found that madea isn't just a black woman. there are lots of other madeas. i met a jewish madea, an italian madea. >> a strong woman. >> the stren

his name was tyler davenport. when he arrived at the hospital, his core body temperature was 108 degrees. >> their stories were so similar. they were the same age, same height, the same... you know, kind of the same build, they played the same types of positions. >> they both presented with very high fever. both had been playing football, both had been doing practice, both had collapsed. football players are supposed to be so healthy and athletic, and to see them so critically ill was really hard for everyone. >> narrator: at arkansas children's that weekend, there were a total of four high school boys, all in serious condition with football-related injuries. >> probably at least two-thirds to three-quarters of the death in sport at high schools in america are related to football. the seriousness and intensity of high school football in america has just grown by leaps and bounds in the last five, ten years. >> there have always been injuries in high school football, but they're on the rise. the ramping up of press

tyler? >> thank you very much. you know, airline stock bucking the trend at their highest levels in more than a year. some of them up 20 to 40% this year so far. will their run continue in 2013? lebeau knows. plus, we get you in front of the numbers. which retailers did best and which ones failed to hit their numbers during the holidays? >>> my name is rich mucin. i am the chairman, president, ceo of badger meter. we have 1400 employees around the world. the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as business leaders. we're all having such a great ye

jane. >> hi, tyler. one of the best things about being in the malls, there's no more christmas music. up next, we've been talking about returns. how many returns to retailers are fraudulent, and are you still getting hurt because someone you gave a gift to didn't like it. get over it. everyone else has. we'll have that after the break. . they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. let'for an idea.s - a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as o

>> they could, tyler. they could. >> even your -- >> just hold on to yourself. >> okay, okay. >> i know you're excited about this. right, why can't they just do that. can you make that point right after this. >> okay. >> herer other means. means testing for medicare. these are things i'm hearing whispered about. but no one is detailing it. additional defense cuts are also out there. here is the total chart. now, tyler. now i want you to see how excited we are. when we get to the next one when it comes to totals. here we go. all right. on revenue, 1.2 to 1. split the difference, right? >> on spending, they are so close. >> 1.2 trillion. that's my bar bill for a week. >> and then the interest savings, if you count that, they are very close over the ten-year window. why can't they just split the difference? why? because on the spending side it is details. but you're right, if they wanted to do a deal they are not that far apart. the question becomes, tyler, as i think we are all learning, there are real dolla

. >> hi, tyler. it is glammy and overcast in washington today but everybody is looking for bright signs about the fiscal cliff. we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, ent

tyler! tyler! it was an instinctive reaction.o one could hear me unless they just happened to be within earshot of my voice. >> he's in intense pain and bleeding profusely. he struggles back to his patrol car where he can radio for help. >> i was able to reach in and grab the radio and make a call out for help. tyler, help! i've been shot! help, tyler! help, please! >> this time, police were able to hear him and help is on the way. his breathing becomes heavy. he's close to death. >> i actually had an image of my wife waving, after we had just had dinner earlier that day. and i was thinking about my little girl back at home. >> he summons the strength to relay critical information on the suspects. >> 1414, can you give me any kind of vehicle information? >> tyler, it's going to be a blue pickup truck with two hispanic males. >> help arrives within minutes as cops begin a hunt for the blue pickup. trooper stone is still conscious but in critical condition. >> it felt like my shoulder exploded and the only thing holding it together

hi, rick. >> hi, tyler.re up 8 basis points on the week even though we're down three basis points from yesterday. if you look at a 30 year bond, on the week it's up five basis points. on the day it's down five. but open the chart up going to early october and briefly this week before the fed meeting and right after we're touching five-week high yields but that has turned around. one of the big winners this week on foreign exchange was the dollar against the yen. look at this chart going back to early march. you can see we touched levels we haven't seen since march. last week the dollar yen was 82.5. currently 83.43. that's why the dollar index is mostly sideways. tyler, back to you. >> rick, thank you very much. we're going to do one of two things. we're either going to go to -- we're going to mr. grasso right here. steve grasso is with us. governor grasso. i didn't realize that. it feels to me over the past few days that investors in equities are positioned kind of the way they want, for the year end, for t

one of the amazing things about tyler and his story is a 1998 tyler was homeless and tyler perry searcy changed his story. i have kind of an unusual story myself. i was born in a small river town on the hudson, newburgh new york. when i was growing up, look magazine called it the all-american city and at that time we had kind of an inner-city, but then we had a lot of harm kids and there was an air force base of the schools will follow the inner-city and harm can and kids who'd been around the world. it was an interesting place to grow up. earlier on my father grew up in the newburgh poorhouse. it was called the poggi. my father's mother was a charwoman at the poorhouse come which meant she cleaned the bathrooms or the other poor people and they got a room there. so that was our background and that's why feel i should be the next president of the united states. [laughter] [applause] anyway, i've been poor and have been middle-class and then i was poor again and then i was middle-class again and now i'm kind of bridge. [laughter] i must admit to riches better. but i still believe that th

some are saying, wow, i see myself in tyler.e are saying i don't have a child with special needs and -- others have been saying that they, like me, they struggle with the idea, whether or not the kids have special needs or not, they're trying to put their beautiful round pegs in a square hole. not to force your kids to be something other than what they want to be. >> and as you write, you said you have felt some guilt because as a political reporter you were on the road a lot covering campaigns. and you had expectations for your son, like playing sports. whatever shortcomings you may have committed, learning to be a dad. >> yeah, it was -- it was a much different writing process than usual. i'm very detached as a political reporter. i really don't care who wins elections, but i would literally sit down and i would be choking up as i was writing it as the process force med to realize that i had been feeling guilty about feeling guilty about my son, that i had mixed up the idealized version with my son. and that really didn't come

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i want it put it another way, tyler. increase the balance sheet from '09 to '12 by a trillion dollars. we will do that in one year. aggressive policy from the fed. unaggressive as tyler mentioned the idea of using economic targets for funds rate. we know they were talking about it. we know there was support. we didn't think the federal reserve had unanimity enough to do this. only jeff lacker from richmond fed gave incentive this time around. there is a bit of confusion as i head this statement. there's two different things going on. one is asset purchases. other is funds rate target. there are two different litness tests for now long they go on. federal reserve says it'll keep going if the labor market doesn't show signs of improvement. we have to ask bernanke how well this works together adds a whole, to really explain what is going on here. >> what is the implication steve, of that economic trigger on the fed's funds rate. for investors holding fixed income assets. as you move down towards the 6.5% magic point. what h

tyler? >> we are hearing word that potentially new senator elizabeth warren of massachusetts may join the senate banking committee. have you heard that? what does that mean? >> we have heard that. we have been able to confirm that independently. and it is something that the wall street lobby here in washington was expecting to see. they thought that elizabeth warren would angle into and be able to get it under harry reid. i think the question now from what kind of senator does elizabeth warren become? a lot of folks here think she will try to broaden her mandate a little bit outside of the wall street bailiwick and try to do something a little bit more mainstream with a little bit more broad appeal, a la hillary clinton in her first couple of months up here on capitol hill. they don't expect her to focus entire loin the consumer financial protection bureau, for example. they think she would like a larger beach head on capitol hill and i think that is where this is going. >> thank you very mu

there are two policies, tyler, and two rules. qe policy is not the -- >> is bond buying. >> it is different from the rate policy, which is tied to 6.5% unemployment. what we need to do, what your other investor guys, is sell me a derivative that takes my bond portfolio and henls my equity portfolio to those two numbers. because remember, we had a time limit mid 2015, that correspondents to the time in the bonds. i don't have a product right now that will protect me for 6.5% unemployment and 2.5% -- >> someone is on the derivative right now. >> i should do that. >> don't you have an incredible need to open your shirt like richard dahltry. >> i do not. because of what could be underneath. >> terrible moment for either of us. >> sue, back to you. >> all righty, then. breaking news from bond market. 30-year bond market off the charts and rick san telly is tracking the action at the cme. first one since the move within ricky. i'm still aclempt from the idea of steve leisman taking off his shirt. >> let's hope ben bernanke isn't listen

♪ [ cheers and applause ] >> jimmy: my thanks to tracy morgan, richard lewis, tyler florence, robertray! and the greatest band in "late night," the roots, everybody! stay tuned for "carson daly." thank you for watching. have a great night. hope to see you tomorrow. bye-bye! [ cheers and applause ] ♪ ♪

what did you think, tyler?e talked about the stuff he really likes. i said like you, buddy? and he said, yeah, kind of like me. and i actually wrote this in my notebook. just to give you a sense how it hit me. i covered clinton for 25 years, and in a moment i wrote is he an aspie. i know he's not, but we're all kind of in a way on that spectrum. we all have issues with connecting with one another. and he could not have been more gracious. he knew that teddy roosevelt was a big thing in tyler's life. he gave my son a 1919 edition of roosevelt's letters to his children, signed it. it was wonderful. >> i would imagine you connect with this story, extremely well. >> oh, yeah. yeah. i've got a son who has aspbergers. so when did you first realize your son had it? because it's frustrating after even more frustrating before going what? okay. what's going on here? >> yeah. well, we knew we had a beautiful, lovely quirky boy having a hard time connecting and making friends, but we didn't know what was going on. and we j

>> that right, tyler. talk to anyone in the real estate business and they say getting rid of or shrinking the mortgage rate reduction, specifically by raising home prizes, we wanted to look at who get the most and where. we are doing that with an exclusive calculation run by cnbc by lending tree. who gets the most category? taking into account mortgage size and income. borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%.

back over to you, tyler. >> seema, thank you very much.n days and counting to the fiscal cliff. there is optimism that washington may be moving closer to a deal. what does an agreement mean potentially for smaller businesses. joining us frank sorrentino from north jersey community bank. good to have you back. how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business? >> i think over the last number of years, this country has worked so hard to bring confidence back to the marketplace. i think this is the one event that would destroy that confidence that we've built up. if we destroy confidence, i think we're going to have a w

tyler, back to you. >>> to the housing economy now.struction spending rising by the most in five months, up 1.4% in october. as it stands, home building is expected to add to economic growth this year for the first time since 2005. we also have new dethat on the state of foreclosure in america. diana olick has it all for us from washington. >> tyler, numbers are coming down. in this case that's a good thing. 58,000 completed foreclosures in october according to core logic, down 25% from september which did see a big upward revision but still we're down 17% from a year ago. although we're still running at three times the historical norms. got to keep it real, people. anyway, california, florida, michigan, georgia and texas made up half of the foreclosures. the rest are new york, new jersey, illinois and nevada. four out of five are judicial states where you need a judge to sign off on each foreclosure. nevada seeing a big slowdown due to new laws there protecting borrowers. expect to see more of a drop in foreclosures in the coming mont

>> tyler, guns are big profitable business in the u.s.ompanies two public trading gun firms in excess of 18%. recent sales gains of more than 40%. for consumers, if history is a guide, there is likely to be a short term spike for gun permit. it reportedly happened after shootings in aurora, colorado and phoenix, arizona. gun sales in the last few years, smith andes withon reporting sales of $2 billion. topping last year's sales of are $2.7 billion. some site popularity of sport shooting but industry says there are two main reasons. one is concern of personal safety. two wsh concerns you won't be able to buy a gun. in short, people buy guns when they think they won't be able to buy guns. there is now an expired ban on assault rifles went into effect. warnings from nra, second term for president obama would bring near certainty of sweeping gun ban is fuelling sales. today shares of smith wesson and this could take sales to a 35% in gun sales this fiscal year. >> so tell me about background collection. i gather they are on the rise. >> right

>> tyler-kabara: absolutely. may i have some irrigations?> pelley: during the six-hour surgery, two sensor arrays, each the size of a pea, were placed on the surface of jan's brain. >> woo hoo! >> pelley: then, they were wired to two computer connections called pedestals, the gateways to jan's thoughts. you know, people are going to look at those pedestals in your skull, and they're going to think, "that has to hurt." is it painful? has it been difficult in any way? >> scheuermann: for a few hours after i woke up, i had the worst case of buyer's remorse. i was thinking, "oh, my god, i had brain surgery. why didn't anyone stop me? why didn't they say, 'jan, you're crazy'." but as soon as the headache went away, that kind of talk went away, too. >> pelley: five months after the whether she would be able to control the robotic arm with nothing but her thoughts. they plugged her brain into the computer and this is what we saw. >> scheuermann: i can move it up. and straight down. and left and right, and diagonally. i can close it. and open it. an

his name is jacob tyler roberts. he's born march 16th, 1990. based on all the evidence that we've gathered so far it appears he did die of a self-inflicted gunshot wound. we're also prepared to release additional information about the suspect. during this attack he was armed with an ar-15, semiautomatictic rifle. the rifle was stolen yesterday from a person known to the suspect. at the time of the attack he was wearing a load-bearing vest, not a bulletproof vest as was earlier reported by some outlets. he was also wearing a hockey-style face mask and we've not yet been able to establish how many shots were fired during the attack although we believe he was carrying several fully loaded magazines. at this time we do not understand the motive of this attack except to say that there's no apparent relationship between the suspect and his victims. after we identified the suspect we executed a search warrant at his home which is located at 7324 southeast 84th avenue in portland. we also conducted a search warrant of his vehicle which was a 1996 volks

not sure i can top that one, tyler. but thank you.ave we become a nation of pessimists whether our expectations for job creation has dropped so low or are we just realists? netflix ceo getting himself into hot water with a facebook post. does the s.e.c. really have a case against him or do the laws need to change with regard to social media? >>> and could pot help us solve our fiscal problems? guys, we are calling this the fiscal splif and we will rise above it, mon. "street signs" it is australian for business news. >> thanks, brian. see you at 2:00 p.m. >>> steve case is one of america's greatest entrepreneurs, best known as co-founder of america online, along with dozens of other investments such as living social and zip car and really too many to name. these days mr. case, together with scott case, no relation can be head up start-up america partnership to fuel entrepreneurship outside of silicon valley. and case squared, if you will, joins us now at cowboy stadium in arlington, texas where they are hosting a start-up event. i wan

free stuff, tyler. actually, no, we'll get into that in a second.nt to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some of the other times we've asked this. what we'll see right here is other situations where they knew it, where other main stories that were out there. for example, the trayvon martin shooting. 91% of americans knew about that. occupy wall street, 80%. going forward what you have here, facebook, 72%. all the way down to 70%. you can look at this a couple ways. here's the greek financial crisis. 30% of the public not really paying attention to. inside that 70% number, 36% have know a lot about it. we'll compare with other stuff we asked last time about when they had a debt -- big deficit debate. we find first, 17% back in november thought congress and the administration could come to a deal. now 44% say it is unlikely. current results -- 48%. put those two blue columns together. 48% to 44% is that

tyler, it's clearly an attractive price point.oogle charging ceos $50, we learned, per employee per year. what do you think? >> the suite of google documents and the google tools that are online are really very good and very competitive with microsoft. microsoft, though it still has a commanding presence in the enterprise space, really is sitting there ripe to be taken, if you will. so many people today use g-mail and that's sort of the window in, sort of the leading wedge into the enterprise space, it seems to me. if google can solve some of the security issues and the other things that are so appealing to the enterprise i.t. managers, then i think they've got a real possibility of major growth in the enterprise space there. i would suggest you need to go see dr. jack daniels after this program. >> yes. i know just the place to go. i think the important thing here is number one, google has a big jump on them in terms of moving things to the cloud on microsoft. number two, 50 bucks? you can't beat that. >> let's -- you're on your

. >> we see up close picture of him right here and the people that knew jacob tyler roberts closest are stunned by this. he has been described as a person who is very love and popular. he was a 22 year-old who is planning to move to hawaii soon. those closest to him said he almost seemed numb. >> before yesterday the only thing remotely by let about jacob tyler roberts was that he liked shooting. he posted a picture of himself firing a gun at target. he recently stole a weapon. he terrorize the mall screaming i am the shooter. his girlfriend says she does not understand the situation and did not believe the suspect was him. he was planning to move to hawaii. he told her that he missed his flight to hawaii because he got drunk. the ex-girlfriend remind remembers him as a non- violent tight. his goal was to make you laugh, smile and feel comfortable. recently he said she said he seemed numb. this morning gordon rated this portland home believing this is where he lived just a couple of miles from the town center. former colleagues say he worked at a local sandwich shop before recently quit

her and tyler, they're brother and sister. they fight.'ll come home and one will be hanging from the ceiling fan and the other one will be god-knows-where. i'm scared. >> i don't want to move. i like living here, because my friends are nice to me. like, i just want to stay put here. we won't get to keep our dog nala. it's's extra money, and we're going to get rid of her. like, i want to spend much time with her. but then again i want to spend time with my friends. go, go! fight, fight! win, win, go-go, fight-fight... win. go, go! fight, fight! win, win, go-go, fight-fight... win. come on, you've got this. you, you got this. when i'm dancing, i'm mostly happy. it's like i'm in a different world. i'm always dancing, nonstop. i just love dancing. i'm just truly in love with dancing. it's like my destiny to become, um, like a famous dancer or a famous cheerleader. i feel like it's my destiny. >> and there might be a question about whether you get food stamps or not. we're going to ask you for your name and your phone number. >> i think there'

carolyn tyler is live at the hall of justice. harsh words from the officer. >> reporter: that's right. the police chief knows the officer in question very well. me and sergeant carl "t" attended the academy together. they have served on the force for more than 30 years am but now, sergeant "t" has been taken off the streets because of what the chief calls poor judgment. >> obviously, it's just beyond irresponsible and dumb. >> reporter: the san francisco police chief is want mincing words about the officer whose online video has created the latest scandal for the department. the video was found on his facebook page. sergeant "t," bragging about a high-speed drunken joyride with friends in a lamborghini in the tunnel. 100 miles per hour in the lambo, roomier than you would think and plus, we were all drunk. sergeant tnchs is no longer on dutiy and was transferred to a desk job at headquarters, while an internal affairs investigation is underway. >> if it plays out the way it certainly looks it's going to, the discipline will be sw

some of the people who knew mall shooter jacob tyler roberts best are now speaking out.of that in a moment. the chilling part is there seemed to be no signal at all. >> out of character. >> really out of character. he just snapped and that's what led to the tragedy. unbelievable. >>> also this half hour of the show, justin bieber, the target of a possible murder. police uncover what they say was a plot literally to kill the superstar. >> kill but also torture. leading up. it's a very disturbing plot. >>> also ahead, bringing babies into a labor battle. the union workers using the sound of wailing babies as a weapon. >> i can't imagine anything more effective than the sound of a screaming child. ooh. >> you'll be much more apathetic when you have your own. >> perhaps. perhaps. in the meantime. >>> who is the most fascinating person of 2012? barbara walters shares her pick. it was unveiled last night during her special. interesting choice. you can see this person made a lot of big headlines this year. we're not going to reveal who it is, but interesting choice. stay tuned

tyler reports on a nationwide effort to fight absenteeism with star power. >> hello, hello, hello. greetings and salutations, everybody. aki students, what's going on? this is your good friend ne-yo. >> yes, that's ne-yo. he's the guest principal for a day at this seattle middle school. >> give it up for the one and only ne-yo! [ loud cheers and applause ] >> his appearance is a reward for these students. they won a nationwide challenge to improve attendance. it's run by an organization called get schooled. >> get schooled was founded in collaboration with viacom -- that includes mtv, bet, nickelodeon -- to really inspire and engage and inform kids so that they can get the motivation, inspiration, and information they need to do well in school. >> unfortunately, this is something a lot of us need. when it comes to high-school graduation rates, the u.s. does pretty poorly. in fact, compared to other countries, we're all the way down in 17th place. that's why school attendance is so important. >> attendance is the greatest predictor of high-school graduation rates. that means if you

and we're back with a very special guest host, jesse tyler ferguson.his looks very cute. >> i see you're wearing one of your designs. >> i'm wearing one, as well, yes. >> it's not just fashion. you design for a great cause. >> initially, i wanted to design bowties. and my better half, justin, who is the smarter of the two of us, said let's be flilphilanthropic about this. he took it to another level. >> it is tietheknot.org. and every dime toward goes -- >> every dime goes towards marriage equality. >> what a great way to explore your fashion sense. >> if people don't like it, it's for charity. and you know what? it's for charity. >> and bowties aren't just for boys, as you can see right here. and big news with you and justin. i know you have special news in your life. you guys are getting married. i love the story of how you proposed. >> yes. i was in mexico. and i didn't want to get him a ring because he's not really a ring type guy. i got him a rolex watch and had it engraved in the back. a ring, you can slip into your pocket. a watch, you can't cas

tyler and michelle, joe makes a good point about the pain being felt. you are the job creators, and here we are. the impact most borne by them. >> well, i think that's true, and the real paralysis, the hostage quality of the whole debate over the past few months has been disconcerting. we've had so many people come on the air and say give us the level of certainty in taxing policy, spending policy, we will be able to make decisions and move forward, do the projects, hire the people. as long as this is hanging over the economy, it's the great overhang, and who can plan? people can't plan. on estate tax alone as of tuesday, the estate tax she thresholds go from 5,000 exclusion to 30% tax rate. to $1 million and 50% tax rate who can do estate planning. >> and neither side can make any headway. over and over again. you ask the one side, say democrats. if the republicans gave you everything you wanted on tax hikes, do you could any entitlement reform? and the vast majority said no. and you turn to republicans, what if they embraced representative ryan's plan

kind of to give you a perspective, south of i-20 here is tyler, texas. here's shreveport, louisiana. all of these moving northeast and this is just the beginning of really what could be an inundation of severe weather today and really a rash of tornadoes which is really quite rare for christmas day. so here is a look from houston to new orleans the beginning of the day from now through kind of early afternoon and as we head toward afternoon and into evening, atlanta, birmingham, so dangerous tornadoes, winds 60 to 80 miles per hour, straight line winds could be a factor as well. as well as damaging hail. so you kind of get the perspective and the gravity of this. that is the severe weather side. on the back side in oklahoma city we're talking snow. although you've seen the pictures along i-40 of the dangers on the road. oklahoma city had the potential for 5 to 8 inches of snow but what's happened is we're seeing a lot of ice develop so that is cutting down on the snowfall accumulations and totals for oklahoma city. maybe now 2 to 4 but look what happens.

. >>> as tyler campbell reports, the country's top money man said our state is already taking a hit. >>> there is news from ben bernanke this year. >> reporter: he said no action on the fiscal cliff is hurting us now. all the action is scaring investors and employers and they have until december 31l1stl0 to compromise. if not, all cuts kick in and ben bernanke says we are in trouble. >> it is already affecting business investments by creating uncertainty or pessimism. >> they could be staying negotiating into the new year. reporting live, tyler campbell, ktvu channel 2 morning news. >>> two radio show hosts have been suspended about comments they made about a basketball player from fremont. he had surgery to become a woman and now the host steve zabin and a guest ranted about him and they said, that could be a russian chick, you loose test particular calls and gain eligibility. espn suspect -- espn suspended them for intolerance. >>> their learjet went down in the hills of northern mexico. according to the los angeles times, the plane is linked to a company accused of faking safety r

tyler, what do you think they were disappointed by? it doesn't change anything in terms of what you would do with investments. >> well, first of all, i think this is getting old. it's an old story at this point. again, we didn't see any one run from qe3 and not seeing qe4, and, again, i think these qe4, though, again, not a popular thing to talk about, but i think one of the things that's very irresponsible, he even mentioned more asset purchases in the event we go off the fiscal cliff. i think it's very irresponsible. he's giving washing tonight ability to continue to kick things down the road and provide monetary policy. >> can i -- if i can just jump in there. >> i've got to go. you know how this works. they are yelling in my ear and that's happened to you many times. just for everybody's approval, ran, i can tell you, didn't wear a pocket protector in high school or college. thank you all for joining us here. steve liesman is with us now, and you asked about the new targets which the chairman says is not a target but a guidepost. w

. >> so what you see reflected in that statement, tyler, is the president's feeling that he's got the upper hand having won the election and also that many in the financial community, the business community, are very sympathetic to the argument that he was making just on that point on the debt limit. >> john harwood, thank you very much. with lawmakers now leaving capitol hill to start a long weekend, what's the likelihood that a divided congress can get a deal on the fiscal cliff before we hit it. represents tim walls is a democrat from minnesota who filed a petition yesterday to force a vote on extending tax cuts for the middle class. congressman, good to have you with us. >> thanks for having me. >> i have to say that the optic beioptics of congressman leaving the capitol right now for another long weekend is extraordinary poor. it is disappointing and to many it is outraging. what do you say? >> i think it is outrageous. i couldn't agree with you more on that. these are good folks. each one of us was elected to represent 650,000 people. i heard it -- i think everyone of the other

gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. e president s saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new changes here. youknow, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in the president of the united states, and we we have a president that gets a bunch of people together and says let's talk about the problem. instead, he just shovels the problem over to harry reid and said, figure this out with the republican we are going to find harry reid and mitch mcconnell are really going to be able to come up with legislation that either can really pa