Going to be doing something you liked and that eased the pain for me of you being here. Youre such a kind soul. Nothing is going to rain on my parade. Its a friday. Its a jobs friday and its his birthday birthday. Thats right. And hes going to be with us. Hes not going to be in studio. I wish he was. We would need a lot of candles. But 89 baby. Youre going to sing to him. Happy birthday mr. Chairman. You might need to do that right . Only you can do that. He said some stuff recently. Have you been reading the stuff he said . I read some last night. Worst demand since the depression. Euro no way it lasts. When you do get older you start saying things you really dont care quite as much about the repercussions. You speak the truth. You do. Whose read is this anyway . Its mine. Well what are you doing. It is jobs friday as you mentioned but its also allen greenspans birthday and national day of unplugging. Its time to put down your smartphone, your tablet your computer and all other electr
You can see oil prices pulling back about 27 cents, still just about 89 for wti crude. We will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. Lets talk about some of the main market events of the morning. Actually today fed chairman Ben Bernankes speech at the economics sclub of new york is coming up at 12 15 eastern time. Traders will be listening no any comments on the Central Banks operation twist program and discussions about changing how the fed communicates about Interest Rates. Operation twist expires next month. And there is some speculation the fed will continue making asset purchases by expanding the size of its 40 billion a month quantitate of it easing program. Also on the economic agenda today, october Housing Starts released at 8 30 a. M. Analysts looking for a decline in new building despite a steady stream of positive news on housing lately. Yesterday the National Association of Home Builders said the confide
In perhaps, germany and spain, some more muted declines. U. S. Equity futures are looking a little bit better this morning. At this point, the dow futures are up by about 46 points above fair value. But i dont think how much faith you put in these implied opens at this point. What is indicated now is not necessarily how the day ends up, but it is certainly something to watch and see. The fed did decide to trim bond purchases. It was the Central Banks first unanimous vote on policy since june 2011. The fed made no reference to the selloff in emerging markets. They didnt talk about that, they didnt mention the cold weather. But the fed stood pat and this is an enormonormous decision. Joe, you are looking righter and righter on that call. And im not happy about it. I dont want the globe to slowdown. No, no, no. I just did the math. 75 divided by 1850. Were at the s p were at 1774. So its down from 1850. So 7. 5 divided by 1850 is exactly 4 . When you put it in those terms, a decline of 4
Wrong. Poor ross. All right. Power players coming up. No 13th month . In the world of investing. Carlisles David Rubenstein, steve shoresman blackstone, venture capitals marc andreesson, and jamie dimon. Look at that in addition we have jerry webb. Make us all the rest of us feel we have one youre an economist or something . You play on to have you can think about the 121212 thing in the meantime because youre good at math. Yeah. All that stuff. All right. As we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. President obama and House Speaker john boehner spoke by phone on tuesday, exchanging new proposals. The president gave boehner a revised offer on monday, reducing his demand for new tax revenue from 1. 6 trillion to 1. 4 trillion over ten years. Boehner responded with a plan that largely sticks to his original offer a week ago. Reports say the white house has told republicans it would include an overhaul of Corporate Taxes in any budget d
You do not want to miss. It is a crazy story weve been talking about for the past two weeks. John mcafee will be joining us live on camera at 8 40 a. M. Eastern. Were going to get the latest chapter in this mystery that has murder, mayhem and suspension. His life is the movie of the week, if you will, and we will have it live right here at 8 40. Please, do not miss that. Lets get you caught up on some of the other headlines this morning. House Speaker John Boehner and president obama met for the second time this week. Both parties are trying to avoid the fiscal cliff. The men had a frank discussion and the lines of communication remain open, although no specific details were released. The meeting came after frustration in washington. This was House Speaker boehner earlier in the day. Republicans want to solve this problem by getting the spending line down. The president wants to pretend the spending isnt a problem. Thats why we dont have an agreement. President obama remains hopeful th