Soon, this is a call, publicly, for an obama bailout. So, who is next . California, illinois, good question. Raise tax rates on the rich or no deal. Yeah, the line has been drawn again. President obama says america is poised to take off, but only if the republicans agree to tax the rich directly. He will only accept higher tax rates. How will Speaker Boehner respond to that . He speaks within the hour. And how about this, top anchors at a news network visit the white house for a cozy chat with the president. Tell us, mr. President , how can we sell your tax the rich policy . Citigroup, 11,000 jobs gone. Varney company about to begin. Having you shipy gifts couldnt be easier. Well, having a ton of locations doesnt hurt. And a santa to boot [ chuckles ] right, baby. Oh, sir. That is a customer. Oh. Sorry about that. [ me announcer ] break from e holiday stress fedex office. Well begin with sad news. Dame elizabeth mother of News Corporation chairman and chief executive Rupert Murdoch die
Administration saying, i think it will be to the advantage of the democrats to go off the cliff, i think it will be advantage to the republicans to go off the cliff, or the president to go off the cliff, thats like betting your country. Theres stupidity involved in that. Syria on the bring. Secretary of state Hillary Clinton holds emergency talks with russia as u. S. Officials confirm reports that the Syrian Military is prepared to launch chemical weapons against its own people. Weve made it very clear what our position is with respect to chemical weapons and i think we will discuss that and many other aspects. The whole world is watching. The whole world is watching very closely. And the president of the United States has made very clear that there will be consequences. Plus, sharp criticism from afghan president karzai. The exclusive nbc interview. Why he says the u. S. Is partly to blame for the growing instability in his country. And the duchess of cambridge leaves the hospital aft
Its not all about the broad indexes, is it . Absolutely. Bigets get a look at the three right now. Target has a lot of attention because of the data breach of credit card information. That caused a lot of problems. Its main income actually fell 46 . The company incurred costs. Also people stayed away the away from the stores. Nevertheless, the shares are up. People look forward to the spring and hopefully some better numbers. Lows this has really been the s,ght spots within lowe this has really been the bright spot within retail. Doing renovations in their homes. Lowes up. The largest u. S. Solar manufacturer announcing a plunge in their earnings. Revenue for when it delivers, but it has not been booking new projects. That is why we see a big decline in the profits and the shares as well, guys. For the big story. The house ways and Means Committee is planning a huge change to tax cuts. What are they planning . This would collapse seven brackets into two brackets for essentially all tax
A blowout session in shanghai overnight. Best single day gain in more than three years on a pretty decent pmi. Europe has also been a blend of red and green as the ft names ecb chief the person of the year. Were going to kick off with breaking news. For that would, we go to david faber. News on best buy, in the news yesterday. The stock up sharply. What we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. Giving schultz the opportunity to look at not Just Christmas sales, but the end of their fiscal year, which will end at best buy on the 31st of january. And that window, again, will be 28 days long giving him an opportunity to continue
The dow holding marginally above water. As for the nasdaq and the s p, lets get a check on those two as well. Theyve been kind of positive today, but not superbly so. At least it is a positive start to the trading week. Now, forget about the number of days shopping days until christmas. Were talking about 13 and a half trading days after today how to position your money ahead of what might or might not happen with the fiscal cliff deal. Are we ready to go . Lets find out how you should be investing. Everybodys looking at me like i should not be saying something right now. Okay. Everybodys there. Mandy . Okay. Joining us now we have a cast of thousands. Dan mcmahon from raymond james. Nathan backrat. And our very own rick santelli. Thank you for joining us today. Nathan, lets start with you. So 13 and a half trading days left. What do you do with those to make it worth it . Y better have the right allocation to begin with. In the meantime guess whats gotten cheaper . Europe. Germany and