Reporter all sunshine we will see plan and some upper 70s ladies with mostly sunny skies. Michelle dont belong to cause these temperatures will continue to meander in the upper 50s this afternoon and will be dealing with clause across the coast for much of the day the rest of the day clouds and temperatures in the mid60s later on today and continues on a lot and you drive home after picking up some different airport will close out their flights laid on average 55 minutes keep that in my contact local airline if you have any issues. The 50s out there with isolated forties 48 daily city. 49 it warm from here and how much warmer we will get coming up with some checker and 74 cassettes of 15. George weve been watching this incident the bay bridge toll plaza a motorcycle accident and the motorcyclists here injured in this crash as you can see theyre doing a pretty good job here of clearing out lines and u. S. And fire trucks on the scene the touch up chp so pollo now as predicted that this
Morning. They said this is not about paying the japanese, not about paying the chinese, youre not going to get your Social Security check, doctors arent going to get paid. Ive been waiting for them to do this. That is devastating from even the most rock solid rightwing politician. But you cant go against socsack. The Interest Rate can go up and the japanese may not be paid. Boy, they got rid of that. Thats the jpmorgan argument, the bankers. No, its now retailers. Ling congressmen are going to be targeted. You cant get against Social Security. Its sacrosanct. And secretary lew said do you want to pay veterans or Social Security . You decide. This is expected to go for maybe another half an hour. Lets go back to capitol hill and secretary lew. The fact is that we have not dealt and in that compromise we dealt with Discretionary Spending almost entirely. We have not dealt with entitlements, which the administration seems to say are off the table and now weve got yet even more demands for
A lot of the traders still think that the trend remains to the upside. All three of the major averages have up arrows. Around 1812, 1814. We were watching for that as well as in the meantime, higher at the moment, watching this treasury balance. That is a big deal. Manufacturing data came a better than expected. The fed is going to us stop the bond buying and people selling of bonds quickly. New highs for Great Companies. Goldman, 90, American Express to microsoft ball hitting new highs. Jo ling kent over there. 17158 is the height. 8653. And then i cant leave out nike. So those are the highs of the day. Watching that very closely as well. Adam Opening Weekend was a disappointment. For the first time in at least seven years retail spending dropped over thanksgiving weekend. That is according to the National Retail federation. The early numbers showed total spending fell nearly 3 from last year. Expecting sales to jump. Lori hilton that tells looking to raise big bucks in its initial Pu
For allegedly opening up customer accounts without consent, forging signatures. I mean is your identity safe anywhere . Well look at that story coming up a little bit. The rally continues on wall street today. I mean in this you know after we saw what happened, bill, with the fed, the 300point move we had after the fed decision to taper, you know the aftermath still remains pretty solid. Were adding another 70 points on that index today. The dow was 97 at its peak today, light volume. As we always say, can you make money light or heavy volume, or lose money at the same time. It still reveals a bias. The bias appears to buy the index. The s p 500 adding almost ten points at this hour. The nasdaq strongest performer of the day. Take a look at some components of facebook in particular as its added to the s p 500. Up better than 5 . That index again, sitting about 1827. Lets talk to our Closing Bell Exchange gang joe tanney dick from Rmb Capital Management joe duran, hes also by the way, t
9 00. I knew that there would be trouble this morning. I got myself seated good. Well squeeze you for everything youre worth. We needed a big name. Big name. We got one. It day after for december 26. Youre too kind. Then here you are. Here he is. What did you get . Anything good . I have switch, lump of coal . Hes a hanukkah guy. A lump of coal yes, but a lump of coal at some point probably worth something. Tet rate were going. Thats right. Youre no tree . I want a tree, my wife says theyre too messy. The trees are messy. The needs needles you have the festivus pole. Grievances you better go, sorry. Lets do the main headlines this morning. Of course, theres only one main story this morning. Its a familiar one. The looming fiscal cliff. Aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. I think were dealing now with whether or not we can put off the the increase in tax rates. Thats really all we can deal with now.