Lining is in sight and that gave us a boost here on wall street. 12,471. Our heart of the day was 12,602. Not far off from yesterdays. You are seeing some financials here. They are trying to move along. Jpmorgan was in the red earlier today. Bank of america. Some of the financials are still in the red. Citigroup, goldman sachs, casebycase. It is not a blanket of of arrows across the board. It still remains. It is something they have to contend with sooner than later. Melissa breaking news right now. The fire is now out at the offshore oil platform. That is in the gulf of mexico. There was an explosion just after 9 00 a. M. Eastern. It was about 20 miles off the coast of louisiana. At this time, the coast guard, look at that, the coast guard cannot confirm any deaths. Two people are missing and nine people have been flown to local hospitals. We will bring you the very latest just as soon as we learn it. Lori bp is so fresh in everyones memory still. President Obama Meeting with congress
Economy. My only reason im mentioning this is the election had consequences. But it doesnt get its victors an opportunity to review the facts. They did not give a pass to recognizing the severity of the issue. We are spending and we are spent. Now, we are seeing more spending. It is not good. The rebound from Pete Domenici and craig barrett. What do you say . Encouraging or not encouraging . Im on your side, neil. The other half loaded keep taxes flat, you have a 5050 standoff. Bring on the sequestration or simpsonbowles, lets get something done. Neil we stand out with a number of senators. They say dont touch this or that. There is half the game right there. Others are talking about adding to that by saying recognizing whatever chord you come to, that you count the cuts that we made last year to raise the debt ceiling. That is double booking, dououble accounting, double trouble, you name it. You know this process well. You know the sausage is made. Tell us what wonderful things are re
Businesses notice and they are sitting on the sidelines or thats not stopping the unions from going after them. The latest casualty is hostess, the maker of twinkies. With the bakers union on strike. Greg rayborn warned that unless the bakers would compromise, the company would fall apart. The workers didnlisten. With more on this, we have seen stephen hayes, Senior Writer of the weekly standard. Great having here. Lots of pleasant people. Happy faces. Do you buy . In one word, n i do not. I think this is exactly what you get at the very beginning stages of these talks. For the exact reasons you suggest. No one is getting any details right now. All they agreed on was the basic framework for moving forward. Whereas Speaker Boehner said we need to do this in the short term and we need to get beyond the fiscal cliff. In 2013 come we can talk about serious tax reform and serious entitlement reform. It is sad that tte predent wants to do that. He has been insting on these rate hikes. Gerri
So the president himself said to raise the tax burden on the rich, now he wants 1. 6 trillion dollars in taxes, but double what he wanted earlier th year and we hear that schumer wants even more. You see wher this is going . And now wants to include cuts agreed to last year to count the same as cuts this year. And i tnk they call that double accounting, double booking, using two books o booking yourself, i dont know, but it is confusing, double this. And democrats say election consequences they do, but dont give the winners their own set of facts. For the life of me i ouldnt find a single exit poll on this network or any network that said more spending and more stimulating. I did hear something more worrying, deficits that keep getting worse and a washington that just doesnt work. I will give the president his due, he might have gotten a nod on going after the ri, but i do not think he got a pass on running rough shod over everybody else. To ben stein, charles payne, Dagen Mcdowell alo
Businesses notice and they are sitting on the sidelines or thats not stopping the unions from going after them. The latest casualty is hostess, the maker of twinkies. With the bakers union on strike. Greg rayborn warned that unless the bakers would compromise, the company would fall apart. The workers didnt listen. With more on this, we have seen stephen hayes, Senior Writer of the weekly standard. Great having here. Lots of pleasant people. Happy faces. Do you buy . In one word, no. I do not. I think this is exactly what you get at the very beginning stages of these talks. For the exact reasons you suggest. No one is getting any details right now. All they agreed on was the basic framework for moving forward. Whereas Speaker Boehner said we need to do this in the short term and we need to get beyond the fiscal cliff. In 2013 come we can talk about serious tax reform and serious entitlement reform. It is sad that tte president wants to do that. He has been insisting on these rate hikes