Find out the unusual reason why in just two minutes. Good morning. Welcome to early start for a monday morning. Yes. Hard to get up on a monday, isnt it . It sure is. Im alina cho. Im Zoraida Sambolin. Today is december 3rd. It is 5 00 a. M. In the east. The rain keeps coming in Northern California. The third pacific storm unleashing floodwaters, knocking out power to thousands in san francisc francisco, sacramento and thousands of others. This thing just went up fast. Real fast. We had previously had it gotten up high, but it hasnt gotten this bad. You live right here in the park . Right there. Right there. Right there. I got my mom out. I took her down to a friends house down the street. You never know with water like this what it will do. People are evacuating out of the park. People are trying to totally get out. I had to park up the hill and walk down the side hill to get in here. Its really, really, its very bad in here. What a mess. Rob marciano has been tracking the storms that
Is simply fed up with the white house. There is a stalemate. Lets not kid ourselves. The white house stance three weeks trying to devlop a proposal and they send one of pier that calls for over one half trillion in new taxes, calls for not even 400 billion in cuts and this extra spenng that is greater than the amount theyre willing to get. But not a serious proposal. Lou Senate Minority leader writing a little easier in the midst of what is at best a process. He burst into laughter when treasury secretary presented the president s plan. The president , meanwhile, showing no sign of interest initiation, giving no sign he is ready to makeany significant step toward resolving the impasse. President obama cast himself as santa claus i a Campaign Style rally. His comfort zone, while blasting republicans and reminding them, he will not forget who stood in his late on tax increases. Of course santa delivers everywhere. I have been keeping my ow money and nice list for washington. Visiting tow
Well get his take on the economy and the companys growth plan. A cnbc exclusive. Would you get a mortgage from that girl . No, from walmart. A lot of people say they would. Whats that all about . Were going to run it down later on power lunch. We start with my partner sue herera in the center of the action downtown at the nyse. Stocks are slightly lower right now despite those fiscal cliff anxieties. Theyve been pretty steady throughout the day. The s p 500 broke above its 50day moving average, believe it or not. Earlier in the day its backed off a little bit. Economic news and new data shows u. S. Manufacturing falling to its lowest level in three years. And there is a little nervousness about the president taking to twitter at 2 00 p. M. Eastern time to talk about the fiscal cliff negotiations that are going on. But it is the first trading day of the month and some on wall street are getting bullish for year end. It is going to be a december to remember, i predict it. I think this is
Buoyant because the fiscal cliff is not that big of an issue. Maybe thats why the averages once again refuse to drop dramatically, the dow falling 60 points. Despite the obvious impasse i saw firsthand when i appeared on meet the press with David Gregory this weekend, i know ive been interpreting the markets relative success through a difficult period. Success is defined by no huge hammering like we had securing the debt ceiling crisis. As a sign that either perhaps people didnt understand what awaits them no no or that there might be a deal on the horz ton avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won reelection, it does feel like the two sides are talking, but they appear to be talking past each other. The clock is ticking in washington. Ticking against a dealing. I think the two sides seem to hate each other more than ever. I dont now, it seems like the last 72 hours i was hoping it was going to get better and i
A 52week high in france and germany. Our road map this morning begins in washington where fiscal cliff negotiations according to the times has collapsed. At least for now. With less than a month until the deadline, who blinks first if anyone . Goldman takes dell from a strength to a buy. Is it time to look at the stock and maybe even other players in the beat up personal computer sector . Manufacturing data out of china. Not bad. 50. 6. Thats the highest in seven months. Although shanghai again trades lower even europes pmi improves a touch in november. First up, were one month away from the fiscal cliff and so far the white house and Congressional Republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. Yesterday our own jim cramer and Maria Bartiromo were on meet the press and cramer had a message for fellow panelists and father of the antitax pledge, Grover Norquist. Most ceos are republican. Theyre on board. Theyre not on