when you are at that age in an economy like the uk or europe, you are done. now you have to spend the rest of your life in a depression because you are not used to dealing with the real world. what happens is he was -- he did not have a stable income. the risks were hidden from him. the taxi driver or the freelance person or anyone who has a variable in, is vastly more protected from adversity it than someone who has a very steady income. when i compared it to lead to saudi arabia or egypt before the arab spring -- italy to sell the radio or egypt before the arab spring, it is good in the long run to mitigate the black swan risk. tavis: what might he have done differently? >> if you were self-employed, he would've had skills to fix the market. he had one employer dependent on bad employer, permitted his position and now he does not have any skills. he could have done differently if he had changed jobs or changed skills. it is overall like a system -- small corporations have more variations and they're forced to adapt a faster. tavis: if you are watching this

europe. if you have access to those slots, it's a much easier way to become profitable or increase your profits over in europe. by the way, there are 31 daily flights between the uk and north america. we'll find out exactly what happens in terms of frequent flier redemption possibilities between delta and virgin atlantic. remember, virgin atlantic is not part of any global alliance, not part of the sky team alliance, although many wonder if that's going to change with some time. take a look at shares of delta. richard anderson has had a nice little move here. some people would say, listen, this is all about jet fuel as it has moderated. there's something else at play here. we'll be talking with richard anderson about this at 11:40, first on cnbc. we'll talk to him after the press conference announcing this deal. you don't want to miss what he has to say. this is a ceo, and we've talked about it several times, who is trying to take the steps that will help delta grow in the future. you look at the alliances they're forming, gold in south america, and now with virgin atlantic. they're trying to position delta to have greater access globally for their business custo

or so. >> what about europe? will the euro zone up stick together and will the uk start part of the union?he last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to do all the things they need to do to make their currency work. by the way, alexander hamilton taught us all you need to do to make single currency work a couple years ago. >> here's a point of view from the upcoming issue of the new york magazine. this is adam davidson saying god save the british economy. as long as it continues -- >> i wonder where this will go? >> as long as as it continues, it offers crucial lesson for the united states. so far austerity has not significantly improved economic health. the plan to shrink the size of government did not generate a sudden surge of private sector confide

or not. futures are up and the dow gained 100 yesterday. but there is room for skepticism. europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperform just as it did last time. >> private equity firm server said it will sell the firearms conglomerate. is private equity talking about guns in the country. >> futures moving higher on optimism. the white house republicans rising above partisanship, getting closer to striking a deal on the fiscal cliff. we have the latest on not just the breakdown of this offer, but by th