moment. martha: thank you very much. good to see you, sir. bill: a quick check of the markets. they have been trading in new york for 8 full minutes and we are off 50 points in trading. hewlett packard took a huge hit. a british company it bought a year ago lied about its finances. just weeks ago now before almost every american sees their taxes go higher. are lawmakers closer to a deal on a fiscal cliff? and if not, what's the fallout. >> when they surveyed the destructive market consequences created by the federal debt they shake their heads and think these are self-inflicted head wounds. why is this still happening. in the case of the sequester they even need to plan for layoffs.