devastating impact on things like flight hours, am niths, training, all the things that we need to keep the army, air force, navy, and marine corps prepared and operating. that sufficient is going to get slush eed arbitrarily. that s what panetta is worried about, what i m worried about, and that s why there s got to be some agreement before all that stuff gets cut just arbitrarily. colonel, we ll leave it there. colonel jack jacobs, hthank you so much for your service and your time. thanks for having me on the program. coming up next, we ll head to the white house where there is no shortage of work to do as the president heads toward a second term. first jon fortt has the cnbc market wrap-up. michael, you know, lots of people seem to have taken the day off when it comes to trading, too, as well they should to honor our veterans. take a look at the boards. the dow and nasdaq barely budged at all. the s&p up only fractionally. microsoft was down about 2% on their acknowledgment