Nicole you are seeing backandforth action on the Dow Jones Industrials. They do seem to like it because basically it is the fed putting everything on a silver platter here and is giving it to the world and printing more and find more. It is doing that for an extended period. The people on wall street are saying what are they trying it to Unemployment Rates you saw the market selloff and now regain its footing. You do the qe forever. Gold will be something that we should take a look at. The dollar is something that we have watched slipping away. It is continuing to do that. We have seen things and drugs doing well. The Dow Jones Industrials are up they have of a percent for the sixth day in a row. People were thinking that the fed would have a very accommodative sense. One of the things that we should look at is the market is very reactionary. The truth of the matter is they are not pulling anything and they are not raising rates anytime soon because the economy is not sustainable on it
[inaudible conversations] neil youve seen it, you wonder about it. Unions unhinged, and the guy they unhinged here tonight. Fox on top of unions doubling down and in michigan. Their supporters far from correcting them try commending them. Were going to pass something that will undo a hundred years of labor relations, and there will be blood. There will be repercussion neil so you think we have another wisconsin on our hands . What have i told you . This is not about right to work. This is looking more and more like right to whack. Welcome, everybody. Im neil cavuto, and whether youre for the michigan governor trying to make his the 24th right o work state right now, consider this, they are not taking it down, and they will be damned if they get wisconsinized right now. You remember scott alker no longer making it mandatory that Public Workers had to be why unions. He was recalled, but survived, and so did the efforts to dramatically limit collective bargaining in the state. Unions are
Upside. When you talk to traders on wall street a continue to think that the rally is in place. The dow, s p, and nasdaq gaining 45 . These last four weeks. We are obviously looking good. You are seeing some of the names on the move here. For example, the fear indexes to the upside. Names like alcoa, cisco, caterpillar, hewlettpackard are helping the dow along trying to keep the names that are helping. The weighing on the dow would be some of the stocks such as american express, merck, and exxon mobile. Adam we will check in again with you and roughly 15 minutes. Thank you very much. Lori congress of for the weekend, its not likely in the fiscal cliff facetoface negotiating will happen. The fiscal cliff deal, will we see the economy grow or if there is no deal will we fall into a recession . That is the 604,000 question. Joined now by steve forbes with his thoughts on which is more likely. Wonderful to see you. Harming the patient. Start there. Its going to make things worse. Europe is
Projects. Is this going to the people and businesses who desperately need it . Plus black box recorders may soon be mandatory in all new cars. A dream for safety regulators and Insurance Companies but will it leave drivers privacy totalled . Well explain. Party infighting over the fiscal cliff intensifies. One gop congressman is completely breaking rank claiming there is conservative case for raising taxes. He will join us to make his case. Because even when they say its not, it is always about money adam good afternoon to you. Lets take a look at the days market headlines. An unexpectedly strong rise in november Industrial Production failed to boost stocks. Concern over the fiscal cliff continued to linger. The dow sank 35 points to end the week. Shares of apple got a onetwo punch today. Iphone 58 debuted in china but to tepid demand. Ubs also lowered its price target on apples stock to 700 bucks down from 780 bucks. What goes up must come down. Best buys shares soared yesterday. Its
Are doing so well for mcdonalds. Leading them right along. It is a top performer on the Dow Jones Industrials. Mcdonalds, we have to take a look at it. They are november sales are coming. All of these worries started to brew whether or not they donalds would launch a deal. They are back. They have winning numbers. They show growth of 2. 4 . As i noted, breakfast meals doing well here in the states. Of 0. 89. Allost 90, 89. 37. The Dow Jones Industrials, right now, are up one quarter of 1 . This is after wreaths. Weeks of gains. Last week, we gained about 130 points. The traders that i have talked to, continue to say the trend remains to the upside. Back to you. Connell thank you. Dagen president obama pushing his plan for dealing with the fiscal cliff in detroit. Connell peter barnes is in d. C. With the very latest on all of this. Peter neither side is dishing on the meeting yesterday afternoon. Both sides issuing identical statement that said the lines of communication remain open. T