Johnson johnson good on drugs and medical di vices and that did well ultimately. Cocacola, on the other hand, didnt do as well as expected leaving the cfo noting saying the economy, globally for europe and asia affected them and north american sales did not do well alternately saying the Foreign Exchange rates hurt their numbers and weather, big into weather in a big way reading through the notes, but they grew year over year, but not as much as they hoped. Lori thank you for that. Dennis a vocal critic, kansas fed reserve president telling our peter barnes thoughts on when the fed should taper the bond purchasing program, and peter joins us from kansas city with more on the exclusive with the fed president , peter . Hey, dennis, thanks, no question that Esther Georgements something done sooner rather than later on tapering quantitative easing winding down that program. Shes been critical of quantitative easing, particularly the latest round of it, and whether its been effective or dis
Melissa right off the top, the new treasury or fed nominee will be former Larry Summers. What will he mean for your market and your money . Gerald odriscoll, former Dallas Federal Reserve Vice President joins us with his take. What do you think . I dont think it will be a big change. I dont think it matters much for Monetary Policy which candidate, yellen or summers got picked but i think it may matter for regulatory policy. Melissa why . Summers is perceived to be and i think is, pro large financial institutions. He thinks theyre good for the economy and efficient. Right now theyre getting roughed up by regulators and i think he might ease off on that. Melissa everyone is assuming this would be good for the big banks but do you think that is a safe assumption . We have a lot of evidence in that category. Larry summers if nothing else he is unpredictable. He goes with what he thinks at all times and youre not always sure what that is. Yes. I agree with you. But i certainly think that,
Melissa right off the top, the new treasury or fed nominee will be former Larry Summers. What will he mean for your market and your money . Gerald odriscoll, former Dallas Federal Reserve Vice President joins us with his take. What do you think . I dont think it will be a big change. I dont think it matters much for Monetary Policy which candidate, yellen or summers got picked but i think it may matter for regulatory policy. Melissa why . Summers is perceived to be and i think is, pro large financial institutions. He thinks there good for the economy and efficient. Right now theyre getting roughed up by regulators and i think he might ease off on that. Melissa everyone is assuming this would be good for the big banks but do you think that is a safe assumion . We have a lot of evidence in that category. Larry summers if nothing else he is unpredictable. He goes with what he thinks at all times and youre not always sure what that is. Yes. I agree with you. But i certainly think that, bas
Below 15,000. Nicole it is an exciting day on wall street. Dow jones industrial up 117 points. The fear index to the downside. Talking about how people are jumping into this market, somewhat of a painful feel as the s p 500 crossing above the 50 Day Moving Average. Questions whether or not it would be able to do so. The s p we have seen stocks higher for the fifth consecutive close in the green seven out of eight trading days. Here are a couple of other looks on the s p for you. Looking good across the board. Strong Economic Data out of china. The housing stocks are doing well, this is a broadbased rally. A great day on wall street. Adam Nicole Petallides, thank you. See you in 15 minutes. Secretary john kerry is speaking in london alongside uk secretary giving syria one week to hand over its chemical weapons or face an attack. Rich edson on capitol hill with the latest for us. Rich they go on to say john kerry is basically saying in a rhetorical way he does not believe the assad o ori
Melissa how would you like to pay more at the pump . We have the new talk about raising the gas tax. What a great idea. Lori i love paying over four dollars a gallon. Washington not the only one that cannot get a deal done. Entering day 76. Its Small Business that is really on then ice. Melissa time now for stocks as we do every 15 minutes. Lauren simonetti. Washington is playing politics over the fiscal cliff. We are near session lows right now. 11 points away from session lows. The dow is clinging onto that level right now. Consumer discretionary is your best performing sector this month. It is lower today, as is technology. The s p 500 trying to hang onto a monthly gain. Not sure if we can do it. Certainly higher for the week and nasdaq higher for the both of them. A twoday chart of yelled is really interesting. They expect fourthquarter sales in china to decline. Lots of analysts cutting this stuff today. Melissa lauren, thank you very much. Lori after laying out his opening bid to