Hello, everybody. Im gerri willis. Tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. One group of americans is finding a way through this regardless of congress and the president. Smallbusiness owners in this countr are preparing to hire. Join me now, chief u. S. Economist for i may just pull one side. Heart of America Group founder, and member of the Jobs Creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. Also with us from the weekly standard, steven haze. Welcome. Great to have you here. I want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. Boehner. This is in the Progress Report because there is no progress to report. When it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. Gerri what do you say . We wasted another week. We seem to be
Hello, everybody. Im gerri willis. Tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. One group of americans is finding a way through this regardless of congress and the president. Smallbusiness owners in this country are preparing to hire. Join me now, chief u. S. Economist for i may just pll one side. Heart of America Group founder, and member of the Jobs Creation alliance and actual job creators in this country who say their voices not being heard inhis office took with debate. Also with us from the weekly standard, stevn haze. Welcome. Great to have you here. I want to start with the conversation in washington and what t speaker had to say about the status of the fiscal here is mr. Boehner. This is in the Progress Report because there is no progress to report. When it coms to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. Gerri what do you say . We wasted another week. We seem to be gettin
Including the Worlds Largest retailer, walmart. That report is expected at 7 00 a. M. Eastern time. Kohls expected to report. After the closing bell this afternoon, we hear from troubled retailer, jcpenney. Right now we see the Dow Jones Industrial average basically open flat. The tenyearyearolds, this is such a big focus. 2. 53 . Were looking at multimonth low there. Again, the mystery remains, why is it so let that chart up. Weve been talking about. You can remember, i really initially in february, it looks like it was late january or february, if we were going to go 3 anden was saying wed do 3 , it broke down from 2. 85. Becky and i had a bet when the tapering started. It was 2. 876. It would close above or below that . Weve been waiting for above 3 for so long. All those moves there, up down, up down, up down. Is the bond market so big and so much smarter than every other market, is it saying 3 is not doable . We have had guys come in here and give every other reason other than the
Service comes along and says clear the antibush demonstrators. Uppose those were the facts. Would that be a valid your honor, the question would depend on whether there was a valid security rational. I think in the context more likely the people who were against the president your honor, i think that would be a more difficult case than the context of a motorcade where the security of the president is much different than when the president is on an outdoor patio separated only by a small fence. I do think that that is one of the major differences between where the antibush protestors here is that the allegation that could be based on differential treatment because the probush protesters were in position to see the motorcade when it left, therefore as the complaint alleges in paragraph 55 that somehow undermines the agents security rational, it doesnt wash. If i could turn quickly to the suggestion that the District Court could control discovery. Thats what the court rejected in ikball.
Just the fact that markets have come so far. Dow down triple digits. Yesterday the dow was slightly negative. Finished the session slightly positive. Boeing and nike, leading us lower. Some say Market Sentiment heard as eric cantors stunning defeat last night. Hell step down in his majority leader role, that announcement coming the next hour and well have full development. Barney frank joins us, larriy kudlow and republican pollster coming up on the show and well debate the house Leadership Conference when it begins. Stunning news. Making sense of these markets is nonother than the legendary vanguard innovator jack bogle who joins us exclusively for his take on these markets and what investors should be paying attention to right now. The dow is off its lows and still down more than 106 point. Take a look at nasdaq. Outperforming as of late. Down about 12 point. Thats a little more than a quarter of 1 . Finally the s p 500, thats giving up almost eight points this hour. 1942, scott, is