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Far this year. The dow has advanced 8 in total. The s p 500 up almost 14 . The nasdaq has jumped 16 . Its been a good year. The end of the year also means we are just days away from the fiscal cliff, however, and thats the bad news. And looming tax hikes, spending cuts, all of that. Both sides warning a very big deal becoming a bit more unlikely. And my one bit of advice to Speaker Boehner is this. You cannot pass a bill with just republicans. On a broad thing like this, you need both. And he has put himself with plan b and sort of an impossible position. He has to get these hard right goes to go along with him. And he and the president were going to say were going to pass a deal with the majority of republicans and the majority of democrats in the house and senate, we would get a mainstream deal. I think were going to fall out of the fiscal tree. The big deal for the big deal is at the debt ceiling. Thats when we will have leverage to turn the country around. Congress is now out of se
LouisianaUnited-statesAlabamaAustraliaChinaCaliforniaPalisadesNew-yorkWashingtonDistrict-of-columbiaConnecticutSan-franciscoInvestigators are expected to be here this morning. Once they make sure that the building has been shored up, significant damage to the building that you can see here behind me. In fact, part of the roof chanced during that fire. Heres that video from yesterday afternoon. It sent up a huge plume of black smoke when it started here at C H Enterprises at around 12 45 p. M. The company specializes in machining and welding precision parts. Fire Officials Say a grinding operation involving metal shavings was under way when this broke out. The employees ran for their lives. Everyone got out okay. Then there was concern about chemicals inside like solvents and various machine parts. Fire officials ordered the neighborhood to shelter in place. We knew ahead of time that we had Hazardous Materials in the building. We had flammable gases and products of combustion from Machine Products and such and so we always keep that in consideration. Reporter now, because there was so much damage to the bui
FremontCaliforniaUnited-statesMorningsideFloridaAlaskaRedwood-cityTurkeyChinaSyriaDublinIrelandComponent to report in after the close. Yesterday, stocks pulled back from near 5year highs. Gold fell as oil edged up. Fear falling . The volatility index, better known as the vix, closed at 13 for the second session, indicating traders are either just not that into the market or dont see any major selloffs in the near future. Federal officials are checking smoke that was coming from a boeing 787 jet on the ground in boston. And the mighty mississippippi is flowing again with barges. Larry levin of trading advantage is among the many traders awaiting earnings coming from alcoa after the close. Good morning to you, and what is your expectation . I definitely think that we are going to see the market at least move higher on the earnings that we get out as we go into later today. I think traders really i dont want to say have got inside information, but have got a pretty good idea. Yesterday we kind of saw a little bit of a selloff in the morning and then really kind of recovered. So i t
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