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Detailed text transcripts for TV channel - FOXNEWS - 20110722:08:03:00

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he has held for a long time now as you know. >> aides say the president still refuses to consider a deficit cutting plan that doesn't include some increased tax revenue. and speaker boehner still refuses to consider higher taxes. while mr. obama has melt separately with democrats and republicans in recent days, it's been a week since they all met together. bret? >> bret: more on this with the panel. wendell, thank you. stocks were up today. the dow added 152. the s&p 500 gained 18. the nasdaq closed 20 ahead. while stocks were up today, america overall financial situation is mixed bad. peter barnes takes a panoramic view of the economy, one year after wall street reform. >> reporter: u.s. investors cheered europe new bail-out plan for greece. >> most of the european banks are not going to fail. it won't spill over. >> buzz about debt ceiling deal and good corporate earnings helped too. but the profits remain strong

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