Upside. When you talk to traders on wall street a continue to think that the rally is in place. The dow, s p, and nasdaq gaining 45 . These last four weeks. We are obviously looking good. You are seeing some of the names on the move here. For example, the fear indexes to the upside. Names like alcoa, cisco, caterpillar, hewlettpackard are helping the dow along trying to keep the names that are helping. The weighing on the dow would be some of the stocks such as american express, merck, and exxon mobile. Adam we will check in again with you and roughly 15 minutes. Thank you very much. Lori congress of for the weekend, its not likely in the fiscal cliff facetoface negotiating will happen. The fiscal cliff deal, will we see the economy grow or if there is no deal will we fall into a recession . That is the 604,000 question. Joined now by steve forbes with his thoughts on which is more likely. Wonderful to see you. Harming the patient. Start there. Its going to make things worse. Europe is
We begin with a major ruling from the u. S. Supreme court today involving Campaign Finance. It has lifted the ban on donations to multiple candidates, Political Parties and committees. The court is setting aside limits on the amount a donor can give all candidates. House Speaker John Boehner praising the ruling. Boehner saying freedom of speech is being upheld. You all have the freedom to write what you want to write. Donors ought to be able to give what they want to give. This goes back to the bill that destroyed Political Campaign process that no one who voted for it ever believed it. Some of us understood what was going to happen. Reporter joining us by phone from los angeles, first of all, your reaction . I would agree, certainly it is a massive ruling. I dont think it quite goes to some of the other rulings on campaigns finance that weve been accustomed of hearing. But when you look at the power of the individual now, again, what we have to remember is this will really affect fewe
Heres sara eisen at cnbc Global Headquarters and Tyler Matheson in chicago. Good afternoon. The markets are up big. The dow gaining 230 points in just two days. Im here in chicago as was just said, at the morningstar annual fund manager of the year award. It is perhaps the biggest event in the entire mutual fund industry. Think of it as kind of the Golden Globes minus the alcohol. I will be somewhere between tina fey and if you watched sunday night, jacqueline bissett. Rea we are joined by the best managers in domestic stocks, International Stocks, Asset Allocation, fixed income and this year, alternatives. We will find out what they owned last year, what theyre doing this year and you will want to be asking yourself why the heck am i not in their fund if youre not. If you are, listen to this, our Domestic Fund manager, if you put 10,000 in his Small Cap Fund or his teams Small Cap Fund 15 years ago, 10,000 would be worth more than 50,000 today. And in the international category, that
Disputed waters claimed by china and vietnam the enemys damages as a state run Chinese Oil Company began unilaterally drilling in the seabed around the islands this month. Again the intense as it has demanded a halt to the activity since the area is part of vietnams exclusive economic sell the deputy chair of the dam that channel four border of france says the government wants to result the problem peacefully under deputy Maritime Police chief is last compromising. Through. We will take every measure. To protect our sovereignty jason thorne as his tongue so that the telethon but failed to ease tensions i just have one died. We are strongly concerned about the misconduct and intimidation by vessels and the disputed area week on all parties. Shes as washington wants a teesside seeking guidance thousand us safe and appropriate manner and address the competing claims in accordance with international law. Einstein points as Prime Minister a national art as it violated the constitution and i
In many ways that was the story yesterday. That incredible drop in Interest Rates we saw falling below 2 briefly. 2. 047 . Again, crude oil almost 25 off the highs of june, i believe it was. Wow. These are two stories favorable for consumers, even though we did get that retail number that got people scared. What is that about this positive spin . Mortgage rates and gasoline prices are important things. They both are coming down sharply when it comes to the consumer. Jobless claims today. Jobless claims are amazing. 1 trillion cut for the consumer in oil. Refis. A tremendous number of people at 5 that can refi and a tremendous disease that can kill people in our country. And fear moves markets. That fear may be real but not necessarily rational . I think when the government creates confidence, its not rational. I think the government created a lack of confidence in its response. How much will the market move . Yesterday we had so many Different Reasons we can cite. How much is related t