Discussions is the fiscal cliff. The annual meeting of the securities trade group is taking place in new york today. And the looming risk the u. S. Economy is sure to be on the agenda of participants. Well be joined by a few of those this morning. Including gary gensler. Chet heick will also be joining us. On the lighter side of thing, well have a rock star among us this morning. Yeah, we mean this literally. Not just the rock stars we usually have. John popper of blues travelers will be joining us on set at 8 40 to talk about the business of music. But first, lets get over to joe. You have some breaking earnings news . I do. At about six numbers for dupont. Ill give you the one that is comparable to expectations. And that is 44 cents which is versus 46 cents for an estimate. But first the company said it posted a lot of a nickel from continuing operations. Then it said it was 32 cents excluding items. And then it said the bottom line was actually a penny, but excludeing everything, it
Spending. Then Consumer Sentiment. We will hear from bill dudley along with eric rosengren. Est, Esther George told an audience the size of the michelle taper may not matter all that much. She argues that the key thing is the clarity with which the fed communicates about where its policies are heading. Maybe not surprising, 10 billion, 15 billion, as long as they get it started, thats what the market will be watching. Say something yesterday, becky, that someone predicted it will be next year and it will be the next chairperson in the fed that starts the tapering. Did you see that . Theres only two meetings left. It was october and december, youre right. Is bernanke going to on be in a position where he did it someone said it yesterday, itself his prediction is that nothing happens until theres a new fed person. Because they tied it to Economic Conditions, i think it would be difficult to say that Economic Conditions have changed all that drastically in a month or two. You know a week
Optimistic i am. This is about to get real good. We now have gone through months of campaigning, wasted many tv ads. Oh, yes. Got an amen over here. Schieffer well get the latest from republican senator john mccain, and obama supporter mayor rahm emanuel of chicago. Plus analysis from ruth marcus of the washington post. Mark leibovich of the New York Times magazine. Bob shrum of the the daily beast. John fund of the national review. And cbs news political director, john dickerson. Here comes the storm because this is face the nation. Captioning sponsored by cbs from cbs news in washington, face the nation with bob schieffer. Schieffer and good morning again. Welcome to face the nation. And if there were not enough political and weather news, add this an earthquake that measures a magnitude of 7. 7 has taken place off the coast of western canada. No injuries or damage reported so far there. So were going to start with the big storm up the east coast of the United States, Hurricane Sandy
Because if we cant do that without arousing the call to arms of the nra, then we have to wonder what side this group, the nra, is on. Those who want to keep the scariest guns from the scariest people or those who want to make it easy as possible for the scariest people to get the scariest guns . What side are you on, mr. And mrs. America . We begin with Gadhafi Dan Malloy of connecticut. Governor, thank you so much. I was so taken with your emotional statements recently, the last 24 hours, and talk about it. What it means to be the governor of a state that saw the newtown horror. Well, listen, it changes your life. You know, i had to be there on the 14th. Actually i had to tell a bunch of parents and adults that their loved ones were not coming back and thats a lifechanging experience, and then to go to a funeral after funeral of babies over the course of a week is also lifechanging. But having said all of that, weve got to do something about violence in connecticut and in the world an
Gun owners, taxpaying, working hard mirns and even being honest have to do with this countrys failure to keep fastfiring, high capacity guns from the hands of the mentally or emotionally disturbed. If we cant do that woult arousing the call to arms the nra. Those who want to keep the scariest guns from the scariest people . Or those who want to make it easy as possible for the scariest people to get the scariest guns. What side are you on, mr. And mrs. America . We begin with governor dan maloy of connecticut. Governor, thank you so much. Talk about it, what it means to be the governor of a state that saw the newtown horror. Well, listen, it changes your life. I had to be there on the 14th. I actually had to tell a bunch of parents and adults that their loved ones were not coming back. And thats a lifechanging experience. And then to go to funeral after funeral of babies over the course of a week is also lifechanging. But having said all of that, weve got to do something about violence