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Transcripts For CNBC Power Lunch 20121227

The skies over capitol hill. Whats going on there is landing like a led balloon on wall street. If youre losing money the last four days, you know who it is. Senate majority leader harry reid says the u. S. Is probably going over the fiscal cliff. Hes planning a news conference. We dont have the exact time. When it goes, well go there. Investors getting quite nervous. Obviously the dow dropping below 13,000. The First Time Since early december. Fear index is spiking the vick. What going over the cliff will mean for you and your money. We will talk about it this hour. Airline stocks flying high sitting at 1 1 2 year highs. Will it be smooth skies for the industry next year in 2013. Phil lebeau has the report. How about housing . What a story housing has been this year. A milestone. Home prices on track for their first yearoveryear gain since 2006. Is the worst finally over . Some say yes, others say no. What does Michelle Carusocabrera say. Tyler, lets drill down to the numbers you were

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