Just the past five trading sessions. David all right, vixx is always interesting to note, and whenever it is at a low which, indeed, the vxx is, now, this is remember, the vixx you cant trade on, the vxx you can. Its a volatility index, it hit a 52week low today. Some people would say perhaps thats too low, well have to be watching that very carefully. Liz just not a lot of fear in the market. Wheat, we should look at that. A huge mover in the commodity pits. This rally hits a two week high, and the move sent jjg higher. The etf investment, everything from wheat to soybeans to corn did well today. David all right, well, the white house turning to Small Business other thans for input on the debt crisis. Input on the debt crisis. Coming up, one of the Business Owners who was at the meeting. Liz plus, the Powerball Jackpot up to a record 500 million. We will ask new jersey lottery executive yes, new jersey participates in the Powerball Carol headinger about the payoff options and where all the money raised really goes, and guess what . Not for the winner. David we have a very busy hour coming up, but lets start with todays data download. Congressional budget talks have stalled, all three major indices ending the day lower, the nasdaq snapping a sixday winning streak. Utilities was the only sec or to have to close in the green sector to close in the green. Consumer confidence hitting a fourandahalf year high this month, a sign that consumers may be more optimistic about spending in this economy. The index of Consumer Attitudes edging up to 73. 7 from an up yard hirevised reading of 73. 1 in october o. And u. S. Home prices climbing higher for the sixth month in a row. Property values in 20 cities jumped 3 compared to one year ago, building on a 2 gain posted in august. Liz Green MountainCoffee Roasters brewing up numbers, robert gray has the numbers. Reporter coming in better than expected, 946. 7 million bucks, well ahead of the estimate, 902, and the nongap adjusted earnings number coming in, again, well ahead of expectations, 64 cents. Thatts better than the 48 cents that were anticipated there. And theyre talking up the sales of new platforms here as theyre facing new competition from starbucks. A double beat, if you will, and you see the shares jumping in after hours. Liz yes, david was right, it has been hammered by the short sellers, particularly David Einhorn who was famed for short selling lehman brothers. But, again, this is a company that has continued to try and come through here, new management changes, right, robert . Reporter yes, new ceo, and i just did a quick search, nary a mention of starbucks, remember, still a partner in some aspects, but not mentioned whatsoever in the here. The company also providing its outlook here for the first quarter, im going to take a quick look at that, and ill have that for you in a minute. David well come back to you. We have larry silver on the pits of the cme group, tells us why a debt deal is already priced into the debt market, and steven hammers says the fiscal cliff is y2k all over again. I want to start with stephen, because hes been looking at Green Mountain for a long time, but is it too hot to handle . Even though it is popping after hours as a result of these earnings, it is a very hot stock to hold, is it not . The stocks do have consistent earnings, otherwise we wouldnt have it. But because we weight securities based on the risk, we call rise the risk. Green mountain coffee has the lowest exposure to our Large Cap Fund which is only a. 03 exposure. So we dont have much of Green Mountain coffee. But it is consistent earnings. Liz okay. You know, the trade action of the day, larry, it looked pretty ugly today, but there were some pretty good winners. Nonetheless, i like how you put this. You said there are nuisance headlines coming through, and a couple came in the form of, in essence, i guess coming out of d. C. That the talks have stalled as it pertains to the fiscal cliff. Does that just cause the markets to dive . Yeah, i think so. I mean, im actually i feel like im standing in the wrong line, as it were, the wrong checkout line. The market continues to shrug its shoulders over these things. We have the incorrigible teenagers in washington who just cannot figure this out right now. Its pretty simple, taxes and spending. They want to make headlines, and i think the markets becoming fed up with it, and thats why were seeing the action behind me, and well probably see more tomorrow. David drew kanaly, it was a negative day, all of the indices were down, the nasdaq stopped its winning streak, but look at these headlines. Liz, we had a lot of positive headlines when we woke up. Consumer confidence, the best since february 08, the richmond fed saw a positive jump for its region, home prices continuing to rise, durable goods, better than expected. There was progress on those greek debt talks. I mean, despite all of these positive news items we got today, we ended up with a market almost in triple digits. Well, i mean, theyre pricing that we are going to get a deal, right . So anything that says that might get derailed, youre going of the days like this until they announce a deal. And the deal the markets looking for is just something to extend the tax cuts until next year when you seat a new congress, and you really go to battle over the debt ceiling talks, dont you . And then, ultimately, some better tax reform. So it would be a very big disappointment to the markets if we dont get some sort of extension or a patch between now and year end. That would be a problem liz i like how stephen puts it, he says the fiscal cliff talks are like y2k. There was so much hype about y2k when, of course, we were going from 1999 to 2000. Everybody thought we were all going to die via our computers somehow yeah. Computer grit lock was going to happen. We couldnt roll the digits. Liz so tell me, why do you call it that way, stephen . Investors have got to understand, on january 1st were not going to fall off a cliff. Basically, whats going to happen is we have a lot of increasing taxes, a tremendous amount of cuts. You know, that is all throughout 2013, and if you think that our politicians are going to allow that to happen, everything to happen, the perfect storm, the answers no. I agree with drew. Somethings going to happen. Decisions are going to be made. Even if it is temporary, theyre going to soften the taxes liz so there are ways to make money, how . Theres no question theres ways to make money. The u. S. Market is a great place to be. Even though we have slow growth and were expecting slow growth, the u. S. Stock, the large cap market is a great place to be. David but, drew, the fact of the matter is we dont have a growing economy. I mean, less than 2 growth is minimal at best. And we dont have that much of a pickup in the jobs picture. Unless those two things change, are we really going to see an economy that we can call move anything the right direction . Moving in the right direction . Probably not in 2013. What do you know already . into 2012 ahead of higher ince tax rates next year. So youre going to be pulling a lot of activity into this year, so 2013s going to be soft right out of the box. Furthermore, corporate earnings, theyve done all they can do in terms of improving margins. Until you have growing top line income, you really cant do more. How are you going to pay a higher dividend . David i was surprised to see that one of your picks is for a fund of dividend stocks, an etf very much so. David dvy is the symbol. Arent you concerned, though, that with a doubling, some say tripling when you add in the extras on the of the tax on dividends as a possible, that, in fact, dividends issuers are going to be hit hard in the stock market . Well, historically dividend payers tend to survive whatever tax storm you throw at em. Sure, theres a little disruption up front, but if we really look at the longterm history of dividend payers, in all types of tax increases, they tend to survive in the long run. Yeah, maybe near term theyre going to have a problem. The good news is the tax rates not going up to 100 on dividends, and its going up on all income. So its always relative, right . If you own treasuries, the tax rate on treasuries is going up. So its all relative when you look at it on an aftertax basis. Liz but dont stress right. I want to get to larry once again because, larry, you and the traders really live sort of moment by moment, minute by minute, but yet when you stretch it out, you can see that the nasdaq and the s p are both up 17 . So we can wring our hands all we want, but the fact is that stocks have moved higher, as everybody said stay away, there are all these headwinds and questions and problems. Yeah, exactly. I mean, we have a gift this year. Given the growth that weve had in the u. S. , given the problems weve had in the u. S. , and weve rallied all this way. I mean, to retrace a little bit, i still shouldnt complain, but i dont think anybody thought that the s ps would be where they are today right now at the end of november. David but, stephen, i dont think anybody thinks were going to see the same growth in the stock market in 2013 as 201, right . Most likely not. Obviously, the economy has slowed down a little bit, but its still growing. Its a great place to be. There are problems in europe. Were going to probably have negative growth, but the time is on our side, and well get through this, and the focus is be smart, diversify and equalize your risk. David wait, did i hear a throw from you, that you think were going to go into recession . Is. In terms of europe. David okay. Just wanted to get straight on that. Definitely ovee in europe. David so things are bad, but its better than the alternative. Thats exactly right. David thank you, drew, larry, stephen, there is a lot of activity in the s p futures. Liz indeed. So the clock is ticking. Its been three weeks since the election and Congress Really no closer to a deal on the fiscal cliff, unless theyre not telling us something. Thats a possibility. Now both sides appear to be focusing on what they want to rule out rather than what theyre willing to compromise on. Were live on capitol hill with the very latest. David also, we held a Small Business summit right here on after the bell, and it looks like the president was watching. He has invited Small Business owners to discuss what they want to see from congress. Well be talking behind the closed doors with one of those who was behind the closed doors, the ceo of bottom line growth strategy, she was at the meeting. Liz david, are you feeling lucky . David yes. Liz the Powerball Jackpot at a massive 500 million, but before you run out to buy your ticket, were going to tell you what the real payouts are. I know that wont stop you, nonetheless, youll still get a bunch of coin. Is and where the money actually goes and where the money actually goes. [ male announcer ] this is steve. He loves risk. But whether hes climbing everest, scuba diving the Great Barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesnt 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 isnt rocket science. Its just common sense, from td ameritrade. Look this isnt my first christmas. These deals all seem great at the time. But later, not so much. This isnt that kind of deal. [ male announcer ]reak from the holidaytress. Save on ground shipping at fedex office. Liz here we go, its s p futures closing right now. Larry at the cme, how does it look . Well, it looks like its a convictionless market. Its eerily close what happened 16 months ago. Keep in mind right now people are being lulled to sleep in thinking that this fiscal cliff will get figured out, just like 16 months ago. We would never lose our credit rating, and guess what . We did. So i wouldnt liz larry, everything was fine. We did, we did fall off a cliff 16 months ago. Im saying that we just cant be lulled to sleep in the thinking that this will get figured out. Im hoping it does. The markets are pricing it in, but they priced it in back 16 months ago. David it is a very dicey situation. Very dicey. Dont fall asleep. Liz we never will with you around, larry, your energys great. Shares of Green MountainCoffee Roaster soaring, at least they were a minute ago. Nicole, they Still Holding on to the gains there . Reporter yeah, soaring is a great word, clearly beating the street. Closed at 28. 9 a 5, trading around 36. David whoa, look at that. Reporter lets talk about Green Mountain. We talked about how it was heavily shorted, the singlecup coffee sales, but the Fourth Quarter profit was on the rise 22 and revenue as well. So earnings per share came in at 64 cents, that clearly beat the 48 credibility estimate, and revenue, as we know, 946. 7 million beat the 902. 7 million. So clearly beating across all lines here. And the last thing i should note always helps when you raise your fullyear profit, so raising the fiscal full year 2013 profit, too, so that outlook also gives it a nice boost in the after hours. David how much money did David Einhorn lose today . Hes a guy that not only bet against it, but tried to encourage as many people as he could to bet against it back in october. Reporter well, its down 35 year to date, so i guess if he sold today before earnings, hes all right. Or bought it back, right . Liz hes smart enough to have all kinds of stop loss programs put in place. Nicole, thank you very much. Today marks three weeks since election day and still no sign of a compromise. If congress and the white house remain at odds, will we fall off the fiscal cliff, and what happens . David rich edson joining us with the latest from capitol hill, and we just heard a trader at the cme say it is very dicey, at least the traders in chicago think its very dicey, it could go either way. Are they right . Reporter they are right, david, and congressional aides say were still at the political posturing phase of all this, both sides going out, selling their message. Maybe some real deal make anything the next couple of weeks. Harry reid just a short while ago saying there is little progress made with republicans in these discussions. He was asked, okay, where are democrats going to go on spending cuts, he says weve already done a trillion dollars in spending cuts in last years debt deal, and were going to want credit from that. The white house had not extended yet another invitation to democrats and republicans to come back to the white house and discuss the fiscal cliff. The president instead is going to meet with Small Business owners, ceos, and friday he heads out to suburban philadelphia to sell his position on taxes. Republicans meanwhile are saying, look, its time to start a deal. It seems like our friends on the other side are having some difficulty kind of turning off the campaign. We need to sit down and work this matter out. We are all here, those of us in the administration and those who have been elected to congress, to serve the american people, so to suggest that we should now that the elections over stop talking to them about these vital issues, i think, is bad advice. Reporter republicans will be selling their positions themselves. The house leadership aide says House Republicans will visit local Small Businesses around the country to emphasize the threat to jobs posed by congressional democrats, Small Business tax hikes. The election may be over, but it sounds an awful lot like it did before the election. Back to you. Liz we need to see more action. Rich, thank you very much. David just when rich thought hed catch up on his beauty sleep, forget about it. Aint gonna happen. All right, we have a panel of Small Business owners right here to discuss our debt crisis, and now the white house is following our lead, reaching out to Small Business owners. Coming up next, one of the entrepreneurs who actually participated in the meetings. Liz plus, taking apples theory for a drive. Find out the american car maker thats ready to bring handsfree access to drives. Drivers. Music is a universal language. T when ias in an accident. I was worried the Health Care System spoke a language all its own with unidhealthcare, i got help that fit my life. Information on my phone. Connection to doctors who get ere im from. And tools to estimate what my care may cost. So i never missed a beat. Were more than 78,000 people looking out for more than 70 million americans. Thats health in numbers. Unitedhealthcare. Liz time for a quick speed read, some of the days other headlines. Fife stories, one minute, billionaire investor warn buffett says jamie dimon would make a great treasury secretary. Buffett says dimon is the best perp for the job. General motors offering siri in two vehicles now, linking siri to the new chevy spark and sonic. Former ceo rejecting hewlettpackards accusations that its falsified financial statements. Hewlettpackard responded saying the matter is in the hands of the authorities and intends to take action at the appropriate time. Dollar genre placing Cooper Industries in the s p 500, added to the index after the close of trading friday. The organization for Economic Cooperation and development is cutting its Global Growth forecasts. The think tank lowered estimates from 4. 2 to 3. 4 , and that is todays speed read. And here we go with the buzzer. David three, two, one jeez. Wow. Liz all right. Extra time to spare. [laughter] good work. All right, well, president obama is meeting with Small Business leaders today to garner support for his plan to deal with the debt. This following a meeting yesterday with the white house officials and Small Business owners. One entrepreneur in attendance was carol coughlin, she is founder of bottom line growth strategies, and she joins us now. What does your company do . Well, we are growth advisers. We work with growing companies in the mid atlantic area to provide, to help them grow profitably and sustainably. David okay. And the fact is because youve got a lot of offices around washington, there has been growth there even though the general economy is growing at anemic levels. How did the white house find you . How did their folks find you . I believe they were looking for businesses in the area that were growing or that were in the news, and thats how they found me. David okay. Did you meet with the president or not . We did not. We met with a number of advisers at the white house. David for example . Um, Business Outreach group, immigration, hhs, omb david did you get the sense, when you talk to a business group, you dont have to go through an opening jargon and so forth, you can speak in the same language. Did you get the sense that they understood business the way you do . Um, theyre clearly there clearly were some areas that they didnt understand david like what, for example . Um, for example, um, the impact of Capital Gains, increasing Capital Gains taxes on Angel Investors who fund these innovative companies, biotech companies, biosciences. Thats going to be a concern of the Business Community if those tax cuts tax increases go into effect. David and they didnt seem to get that . What about obamacare, the effects particularly on Small Businesses of all the rules and taxes of obamacare . Is. Well, the one thing we spoke about there, we had a few medical Device Companies that were represented. They were concerned about the excise taxes on the medical quite companies Device Companies, because those excise taxes pretty much eat up the profits they would otherwise have. David but there are a lot of Small Businesses that are just above that limit under which you dont have to worry too much about new taxes, that 50employee limit, who are concerned about it. Was that raised with the president s people . That wasnt, that didnt get a lot of talk yesterday. The Biggest Issue that got the most air time was the fiscal cliff. David all right. And what about taxes . Obviously, the president wants to increase the marginal tax rate. A lot of subchapter s corporations, as many be as a million that could be hit with tax increases because of this. Is that a great concern among your peers . The biggest concern is that they resolve this issue quickly and decisively. And, yes, there were issues about where the taxes start kicking in, is it 250,000 or above that . There were some concerns. But the biggest concern was that it has to get addressed. And quickly. David well, what is the one thing and, again, you deal with a lot of different businesses, so you get a lot of input from other Small Businesses whats the one thing that you would like to see them address positively that they havent so far . The fiscal cliff is an example of the one thing we need to see addressed. And quickly. But really there are longerterm issues. Businesses have had to do a lot of things over the last few years in difficult economy to cut costs and increase their own revenues, and, um, were looking to the government who hasnt changed. Were looking for the government to come forth with a plan that will, um, get us over the fiscal cliff, but also address these longerterm issues. David yeah. By the way, very quickly, do you think that Small Businesses are going to be hurt in the coming year more than big businesses . Yes, i do. David why . Um, because, for example, um, a lot of the Small Businesses are funded by Angel Investors, and Angel Investors are going to be hurt by the increasing Capital Gains taxes. David very interesting. Carol, thank you very much for coming in. Appreciate it. Thank you for having me. David absolutely. Liz . Liz david, there are meetings going on, but still no debt deal. Is the threat of higher taxes enough to make Business Owners sell their businesses . Len tannenbaum lends to a lot of Small Businesses, but well find out exactly why next. Plus, the powerball pot keeping getting bigger, already hitting a record 500 million, but hundreds of manager more are are hundreds of millions more are being raised. Where does the money go . And dont forget to log on to facebook. Com after the bell. Let us know the first thing, the First Investment you would make if you won the jackpot. [ male announcer ] they are a glowing example of what it means to be the best. And at this special time of year, they shine even brighter. Come to the winter event and get the mercedesbenz youve always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho [ male announcer lease a 2013 glk350 for 9 a month at your local mercedesbenz dealer. David its time for a look at todays market drivers. The stocks ending the session in the red with a the nasdaq breaking a sixday winning streak. Nine of the 10 s p sectors ending the session lower led by financials and energy. Utilities were the only sector ending higher. Manufacturers orders for longlasting durable goods unchanged last month beating economists forecasts of 1. 2 decline after posting the largest gain in more than 2 1 2 years in september. Orders for goods excluding autos and aircraft increased for the second straight month in october, rising 1. 5 . Manufacturing activity in the u. S. Central Atlantic Region was rising in november following a slight pullback last month. Richmond Federal Reserve bank sagging its activity index rose 16 points to nine from octobers reading of negative seven. Numbers above zero indicate expanding economic activity. So there is good news. Liz with president obama heading into a second term in Office Looks Like the Health Care Law is here to stay and the bush tax cuts could be on the chopping block. David what does this mean for the economy . If youre a Business Owner is it time to sell . Joining us is lynn tannenbaum, fifth street finance corp ceo. Thanks for coming in. Always happy to be here. David it was in the news when george lucas sold his business to disney for a couple of billion dollars. Im a tar wars fan. David a lot of people thought other Small Businesses would follow suit. He clearly had Capital Gains in mind before Capital Gains rates went up at all. Yeah. David im surprised we havent seen a huge uptick in business sales, particularly Small Business sales in the past quarter. Are you . That is it just two of us. Amazing that people really waited until last minute after the election. We got a bunch of phone calls last week can we close by yearend. Were closing some deals by yearend. They waited until after the election to call. David specifically in the Third Quarter there was 2 increase over last year in number of Small Businesses sold. Yeah. David do you think well see much bigger jump in the Fourth Quarter . Not much bigger. Not much bigger. By the time they made the decision they will not likely be done by end of the year. Some businesses jumped in said hey, we need to left by the end of the year. Liz they want to jettison all they built because of unknown. Theyre taking off the table. Liz the companies you deal with, because you lend to a lot of Small Businesses. 78 of them. Liz you say some of these guys are going to start selling their businesses because they just cant deal with what they may face . They cant deal with uncertainty. The problem with uncertainty is it creates a volatility in their future. So the question is, should you take some money off the table . Remember not selling all of it. When we lend to a business, private equity sponsor typically comes in. Theyre selling some and keeping some. Still definitely taking risk off the table. Liz what is their biggest worry . The biggest worry i went around it stat of connecticut went to all the different cities, stanford, hartford, biggest increase in Health Care Costs for Small Businesses. Midsize have a different worry. They are worried about the global uncertainty. Some could be a downgrade in u. S. Debt if this thing isnt resolved. David are they hoping there will be some kind of deal by which they wont be facing kind of Capital Gains they could be facing . Right. David we have the potential of doubling of Capital Gains, actually tripling of dividend tax. Right. There is some grand compromising that was talked about and never came to the floor which is the problem. What really should happen. David by the way, there is also something, we already have a blueprint, a bipartisan blueprint simpsonbowles. Bowles is a democrat. Simpson is republican. People like alice rivlin a lifelong democrat is advocate. If republicans were smart, look here is a bipartisan plan, mr. President , lets go for it . I like Erskine Bowles idea. He had the right idea in tax cuts or tax revenue increasing and spending cuts. The problem is the president didnt bring that to the floor. It needs to go to the floor in bipartisan position. We lost independent senators like Joe Lieberman and Olympia Snowe so who will form the middle . Liz are there certain sectors that will be affects less than others and should people be investing in those. Both sides need infrastructure spending. Both sides need the consumption of at least foods, mcdonalds would probably be a safe investment. Caterpillar believe it or not will be safe investment. Roads will get repaired one way or the other. Well just not be able to drive on them. I like large infrastructure play. It is our largest play. Obamacare is here to stay so now everybody is adjusting to it. David we did it reverse order. We put up chart for health care. That is industrial chart that would included cat. Yes. With obamacare you have the Health Care Companies not looking to save but meet the Technology Challenges that come with obamacare. So theres lot of opportunity for some companies to take advantage of that. David lynn tannenbaum. Always a pleasure to see you. Your business is doing well . Were doing well. About a billion in market cap and still growing. Liz we watched you grow on fox business. David more and more companies are preparing for possible tax hikes. Woe just talk about it, declaring dividends before the year ends. Well look at the growing trend. Liz you might have a happier new year, yeah, if you won 500 million. That is the record Powerball Jackpot up for grabs tomorrow. The number will probably rise. Next, the new jersey lottery head tells us what to do if youre the lucky winner. Listen, you dont want to get out there right away. Also where the rest of the lottery money goes when you get that lump sum. Im robert gray with your fox business brief. Stocks fell across the board today following comments from Senate Majority leader harry reid. He said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. Shares of Green Mountain coffee though jumping after the bell. The company brewed up better than expected Fourth Quarter results. Investors also cheered the companys new hire. David fiscal 2013 forecast. The xbox may be the gift of choice for many Holiday Shoppers this season. Microsoft said it sold more than 750,000 videogame consoles during the black friday week. That outpaced nintendos wii u which sold 400,000 units in the first week on u. S. Market. Microsoft reports that the windows 8 operating system registered 40 million upgrades since its launch october 26th. Thats the latest from fox business network, giving you business network, giving you the power to prosper can i help you . I heard you guys can ship ground for less than the ups store. Thats right. Ive learned the only way to get a holiday deal is to camp out. You know weve been open ll night. Is this a trick to get my spot . [ male announcer ] break from the holiday stress. Save on ground shipping at fedex office. Liz i am holding a power balticket. Could be worth 500 million. It is not mine. Our senior producers. But he is not getting it back. Maybe even more by tomorrows drawing because people are continuing to buy, right . It goes into the pot but how does it really work . Chances of winning from this ticket are said to be 1 in 175 million. Now despite those odds people line up to purchase the tickets. Our next guest is new jersey lottery executive director carol hetinger. She says the lottery is not just a dream game. It is a dream job at least for her. Thank you for being here. My pleasure. Liz there is the old joke if you dont play you cant lose, you such a longshot. What if people were to win . How, how much money were it all work out . Where does the rest they dont get really go . Well, about 50 of every lottery dollar goes towards prizes. A portion goes to the top prize. In this case the jackpot prize. It is pooled together from all of the states that participate in powerball. That money will go to the winners, wherever they are. Liz by the way it is 42 states and two jurisdictions that would be d. C. And the virgin islands, right . Yes. Liz 44 total get to split it up. Then what . So, the actual recipients of the revenue that doesnt go to the winner, what is that used for . Well in new jersey it is used for state education and for institutions. For instance, we support about 75 of the money that we give the state which last year was 930 million. We give about 75 of that to educational causes. That is tuition, aid grants, Capital Improvement products, improvement programs. Liz sure. School nutrition. Various things like that. About 25 of it goes to specific places like the three state veterans homes for disabled soldiers. Also the school for the deaf. Liz these are all very good causes but you dont really get the 500 million. By the way when will we know if it goes higher . Im sure youre seeing an acceleration of ticket sales. Yes. Todays jackpot was advertised about 425 million. It was raised to 500 million. It is possible it could go up tomorrow. Liz could it hit 600 million . I dont know if it goes that high, depending on lottery sales which are accelerating. Where does the money go weve gotten to that part. What should people do if they win . A lot of people are hesitant to get out in the limelight, do they have to . You cant be anonymous in new jersey unfortunately. There is good reason for that. Transparency is very important. Integrity and face of the public in the lottery is very important. Liz sign the back of the ticket. Validate the ticket, where you got it or at least in the same state. At any retailer. Validate at any retailer but in your same state. They should give me a call and come and see me. They should get tax advice right away. Liz how to hold off all of the relatives who are now saying gimme. Im sure you will find relatives you never knew you had. Liz how about that . Carol, good to see you. Thank you very much. Good luck to everybody. Liz well know by tonight if it goes higher . Wont know until tomorrow. Liz right now 500 million. New jersey lottery executive director. David . David liz, coming up next, Charlie Gasparino has some exclusive breaking news on a possible sale of troubled firm knight capital. You dont want to miss charlie. He is coming right up after this. Liz Charlie Gasparino just ran down to the set to join us with exclusive details and breaking news of a possible sale of the troubled firm knight capital. Right. What we know now tom joyce is looking across wall street. He is essentially shop being the firm. Semitechnical term. Going across wall street looking for additional bidders. We know there are two bidders. A High Frequency trading firm getgo. We know as of today tom joyce is looking for other bidders across wall street. Whether he is successful or not i cant tell you. He is clearly looking to get the price tag up. It is his fiduciary response hablt to do that. Shares are 2. 97. Near three bucks. There is takeover talk in the stock. This is what he is doing right now. Virtu and gekko are supposed to be putting bids in for the firm. As early as tomorrow. So what joyce is doing out there is going across wall street looking for others, basically saying listen, guys you want to put in the bid . You have got competition. David wall street journal suggests they may be selling parts of it. This is for the whole shebang . For the whole shebang shopping for this. I dont want to criticize anybodys reporting. But this is a little technical. They were saying virtu and gekko wanted just the money market part of the firm. We should point out, excuse me the Market Making part of the firm. The part of firm brings buyers and sellers together that is essentially the whole firm. If youre buying knight with some other subsidiaries you are really buying the marketmaker. So like a difference without a differential. Liz he is looking for other bidders. Howard Lutnick Cantor fitzgerald jumped in and tried initially. My next call. This is the names that i heard bandied around is howard lutnick. Liz he loves this stuff. He has cant tore, right. Liz egc. Dgc is public company. Liz that is the public company. I would think that is the company, east feed. Liz east feed made into the tgc. People are talking about potentially buying this. I can tell you this, he is going across the street. This is very riskaverse wall street right now. It will be very difficult to find bidders. I dont think any major wall street firm will buy it. David what kind of price are we talking about . This is all about getting price tag up to billion dollars. If the vinny vaio la a friend of mine, the guys who run getgo i dont know. They would like knight to spin off the money market part. Liz marketmaker. Much different than a money market fund, take it from me. The Market Making part, they would like to spin that off for 700 million. The problem is hard to do that. You have a integrated firm. I dont think tom joyce would just sell that. If he sells that he is left with a couple players. He has a couple things on the side. The thing they would have to buy it all. They will have to pay more than 700 million. Rich repetto, one of the best analysts on this sort of stuff thinks this is deal well over a billion dollars. Does vinnie want to pay up for that . I think he can. Gekko, can they . I think they can. They are backed up by general partners. Liz bgc. Bgc probably could. Billion dollars is lot of money. I think they got it. This is what joyce is looking for, making sure the bid is in the billion dollar range. We should point out when the shares start at 3 a share i dont know if a billion dollars is fully priced into that yet. I dont know. This is for investors to figure out. He is clearly shopping it broader than the two, across wall street. Cant tell you if he has any bidders. Liz the bid and ask are straddling the closing price. Nothing really moving yet. Thank you, charlie. David good stuff, charlie. Coming up next we take you on a trip to the future, market moving news well watch for tomorrow. Liz forget taking a regular limo to an event. You can take the popemobile. Remember that thing . Remember it . We have the details next. We got married. I had three kids. And she became the full time mother of three. It was soccer, a ballet, and cheerleading, and baseball. Those years were crazy. So, as we go into this next phase, you know, a big part of it for us is that there isnt anything on the schedule. [ camera flash ] great. Were you profitable last month . How much money is in your Checking Account . Have the browns paid you for their addition yet . Your finances are scattered all over the place. What are your Monthly Expenses . You keep your receipts in plastic baggies . Seriously . [ announcer ] get it done and get it off your mind. With quickbooks. Organize your Small Business finances. All in one place. Quickbooks pulls in information from other sources. Even Online Banking and customer information. Visit tryquickbooksfree. Com today to start for free. 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The vehicle seats 14 people plus the one who sits in the popes chair, that is what is costs to get to laguardia in new york. Number one thing to watch is the beige book. This is the report of Economic Conditions from each of the 12 Federal Reserve districts. It gives you some anecdotal evidence what state our economy is really in different u. S. Regions. Since the report is used at