some of us couldn t go to the show so this is the best we got, right? right, mr. williams? the opening bell is ringing on wall street after new reports out this morning seem to show the economy rebounding from superstorm sandy. jobless claims dropped from 370,000 to 343,000, the lowest level in two months, presandy. november retail rose 0.3% and wholesale prices fell more than expected, a big reason for that steep drop in the price of gas. word cloud alert. the gop brand slam. we ll show you a clear picture of why, as one of our pollsters put, it the republican party has gone over the image cliff. only on msnbc. th your buddies? lost your appetite for romance? and your mood is on its way down.
best buy shares bucked the downward trend today. they surged nearly 16% on expectations founder richard schultz would make a formal offer for the company. and on the economic front, jobless claims fell by 29,000 last week to 343,000, the lowest level in two months. that s it from cnbc, first in business worldwide. now back to hardball. welcome back to hardball. with a gritty state of new jersey s home to the boss, bruce springsteen and theward walk of the empire fame, it s also the home of an increasingly popular brass politician by the name of chris christie. he may have sat out the presidential race in 2012 but he later earned high marks for his handling of hurricane sandy. how he s leaving the door very open for a bid for president in 2016. here he was on abc with barbara
if you make 343,000 a year you are in the top one percent. clearly all of them make more than that and they are in the top one percent and yet they are vilifying the top one percent. that s straight forward hypocrisy. brian: there are union bossesurn that and they are probably part of the two percent. one percent want to bes maybe. it seems like it is acceptable to be in the one percent if you are union guy and hollywood actor crony capitalist or friendly executive. but not from wall street or industrial executive company. don t be in the top percent there. you will be vilified but not if you are in the acceptable one percent. brian: no kidding. how the union dues go to these
best place to get rich. it s part of the american dream. potential republican vice president candidate marco rubio says wealth is on its way. we have never been a nation of haves and have nots. we are a nation of haves and soon to have, of people who have made it and people who will make it, and that s who we they d to remain. those soon to haves may beg to differ, according to the project, best way to make it to the top in america, be bornt the top. 40% in the top tier family wealth as children stayed there as adults. it s the same story for the poorest americans with little evidence to show they are moving on up in big numbers. i m joined by will cain, mark lamont hill, will, what is rich and why does it matter? i don t know. when we throw that turn around as though it s self-evident, what is rich. is $250,000 rich? is a family of four on $250,000? is that rich? a million, that sounds arbitrarily right, that is rich? i think in the end the definition of rich is the ot
single family homes more than expected. to 343,000. but it is below what economists consider a healthy market. a california jury has found google did not infringe upon oracle s job. they were unable to agree on the copyright allegations and they won t be able to recover of the most damages of the copyright claims. they were seeking $1 billion in damages. to find the fox business network, go to fox business dot-com. giving you the power to prosper. it s a war of words and mitt romney is firing back at president obama s attacks on his bain capital record. governor romney touting his business importance and slamming the president s lack of experience. i happen to believe that having been in the private sector for 25 years gives me a