Allowing the bank used junk rated debt as collateral for pressure on the greek government to follow austerity measures if it wants to stay in eurozone. Greek stocks and bonds are falling today. Prosecutors are missing in whether one of switzerlands largest banks prosecutors are investigating whether one of switzerlands largest banks if it taxes. For six six years ago ubs settled another Tax Evasion Case with u. S. Authorities. Another big company attacked by hackers. It is the secondlargest u. S. Health insurer anthem. The hackers stole data on tens of millions of current and former customers and employees. And that will provide and that will provide cash anthem will provide Monitoring Services for free. Radioshack may be ours from going into bankruptcy. According to people familiar with the matter, it will sell leases on as many as 2 Million Stores to sprint. Standard in general is its biggest shareholder. The rest of the stores would be closed and shut down for good. It is the end of
Obviously we were higher than that, not much more but were higher earlier in the day. The nasdaq up by only eight points and the s p finishing up by just a trickle of positive. Well, ticktock. The market is closed. Seems to be waiting once again for some clear signal on whats going to happen with regards to the fiscal cliff. How can you make money in the final trading sessions of the year amongst all this uncertainty . We have definite answers coming with our panel. Back with us Nathan Bachrach from the financial network. Also matt mccormick, sandy lincoln, and john spolinsani. What do we do between now and the end of the year . We wait. You hope there will be a resolution with the fiscal cliff. Also 2013 could be a difficult year. Its the first year of the president ial term which is usually a weak un. Earnings growth looks a little bit weaker. We are very big on di dends. We believe this is a grinded out market. Prepare for instability. So its glass half empty for you right now. Wed
Now. And welcome back, everybody, to the closing bell. Im mandy drew i sitting in for maria bartiromo. Lots of drama in washington. Congressional leaders have arrived at white house. They arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. They are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. But reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. Settling up right now. Down what, about 165 at the very low, bill . I think so, yes. And the nasdaq finishing down 25 points and the s p off by 15, a fifth straight day in the red. Well, it is the last friday of 2012. Its in the books. Check. Still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago
The heels of yesterday, the fed said no tapering right now and that is because the economy is not up to par. That being said means easy money, it means stay low and where will money go other than equities. We have seen it yesterday hitting record highs and not far off of the unchanged line for major averages overall. The fear index has come down. More than half of the names on the dow have down arrows. The big laggers are disney which is pushing back a few films. United healthcare, mcdonalds, pfizer and hewlettpackard among the laggards of the dow waiting. Connell we will talk syria in a moment but lets talk the Federal Reserve. Peter barnes was at the News Conference and asked ben bernanke whether fiscal issues in washington d. C. Played a part in the decision to delay capering. Turned out to be a key moment in the News Conference. What will be the impact of a government shut down on the economy and what could the fed be prepared to respond to that and help the economy with additional
A big legal battle. All of that and more coming up on this hour of market now. Dagen howdy. Connell hey. What is going on . Dagen i just tweeted. I do not care about this royal birth. Connell well, whatever it is. We do have plenty to talk about. Dagen we always start with the markets. Top of the hour. What are you watching, nicole . Nicole watching the financials. We have seen great numbers. Stellar profit. We are seeing the dow up about nine points. You have the drug index, the retail index lower today. We have had three straight weeks of gains. Bowing is helping the dow along. It is now facing further testing. It has been, obviously, discovered it was not the lithium ion battery. Investigators will continue to follow the story. Back to you. Dagen thank you, nicole. Connell the big question is just how challenging and costly will this be for the company . Dagen lets bring in john lonski. You can look at the debt and what it means. Innovation is risky. That is what this situation with