Point remains finding something that can make it through the house with enough support from republicans. It seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that were going to get something done before the end of the year. Susie you know thanks for that report. I am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all . You know susie when peopletal they are talking about a bad deal in political terms. Frankly its republicans that are most worried about the bad deal they have most leverage. The president has the most leverage. They are worried about a bad deal. Any deal that gets us past the fiscal cliff is going to be seen as a good deal. Susie it seems like we are further apart than last week when president obama gave the last minute pep talk to get the talks going. Do we
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. Fiscal cliff talks at the white house end with nal, but president obama says hes still hopeful and says weve got to get this done. Gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013 . Then cuba, tonights market monitor sees big opportunity on the tiny island when the embargos lifted. Thomas herzfeld, of thomas herzfled advisors joins us. That and more tonight on n. B. R. president obama says hes modestly optimistic a fiscal deal can be reached in time. He said hes instructed senator harry reid and senator Mitch Mcconnell to come up with a plan that can pass in congress. His brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. Ahead of that, investors lost hope lawmakers can come together in the time remaining. In the last few minutes of trading, stocks sold off. The dow tumbled 158 p
Meeting today with congressional leaders that ended with no deal. Ahead of that, investors lost hope lawmakers can come together in the time remaining. In the last few minutes of trading, stocks sold off. The dow tumbled 158 points, the nasdaq lost 25, and the s p fell over 15 points. Heres darren gersh with more on the critical work that has to get done in washington this weekend. Reporter the president declared himself modestly Optimistic Congress could still reach an agreement to head off huge tax hikes on january first but he also warned lawmakers to get their work done. The American People are not going to have patience with a selfinflicted wound on the economy. Reporter Senate Republican leader Mitch Mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. We will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. Reporter but the Sticking Point remains
Factory there. Thats a battery factory, in case you didnt know. Wait until you meet the brothel mogul who helped make it all happen. Sue in the nyc. Stocks are fighting back from earlier losses. The dow and the s p now both close to wiping away the weeks losses. Right now the dow is up about322 points, the nasdaq up 4, and the s p up 4 as well. After that jobs report, you can see that on the left side of your screen, things have normalized a little bit at 2. 43 on the yield. The dollar heading for eight weeks of gains. Best winning streak in 17 years. That, of course, as the European Central bank puts in more qe. Oil and a lot of the commodities today have been on the down side. Ice brent crude down almost 12 , same for stexas international. In terms of other moovrvers, co goldman sachs, boeing the biggest drag, but theyve also improved. We want to call your attention to biotech. Its down about 1 , a little less than that now, but up 40 in a year. And the ibb is the trek that tracks th
Job gains in eight months. We begin this hour with president obamas effort to build a coalition against Islamic State. The president said today that all members of nato agreed that the group in iraq and syria pose as threat. Mr. Obama said ending that threat will require more help from iraqi forces and other nations in the middle east. We can support them from the air, but ultimately were going to need a strong ground gain, and also were going to need the sunni tribes in many of these areas to recognize their future is not with the kind of fantasticism that isil represented. Michael phil ittner has the late frees london. Reporter speaking at a nato smith president obama said the priority is to degrade and destroy the Islamic State group. That was a sentiment echoed by other representatives in the 28member alliance. There was a tenmember side Group Meeting and Action Committee that was organized which secretary of state john kerry attended, and so did importantly a representative from n