Good morning, everyone, as we come on the air, more breaking news. The u. S. On high alert right now over a possible war escalating in the middle east. Overnight, three israelis killed by rockets from the gaza strip. Israeli warplanes are hitting dozens of sites in the gaza. All of that follows a dramatic assassination. This is still escalating at this hour. You see the assassination right there. This could be dangerous. Another story were following closer to home, how did a woman steal 50 million to fuel her passion for racehorses . And how did she finally get caught . Well explain it all. And it was a routine cheerleading stunt gone horribly wrong at an nba game. Now, new details on no, no, no. A cheerleaders condition. Oh and people are asking now, is this sport just too dangerous . Lots of injuries. But first, lets get right to the cia sex scandal and the breaking news overnight about the veteran fbi agent who took the first investigative steps that could lead to the downfall of ci
Affair. He is fbi veteran agent frederick humphries. Notorious for sending shirtless photos of himself to another key player in the scandal. He says it was just a lighthearted joke. Well see. That woman would be jill kelly, seen on the right, which claims she was threatened by petraeus lover. She has been stripped of her special access to Macdill Air Force base in tampa. And petraeus mistress, paula broadwell, is under investigation for storing military documents, on her computer. And for the first time president obama has weighed in on this mess. Abcs preeti arla has the latest. Reporter president obama walked into the east room of the white house for his first postelection news conference, tackling the major issues his administration will face in the weeks ahead. Im open to compromise. And im open to new ideas. Reporter the president meets with congressional leaders tomorrow. Both sides are expected to stake out their positions on the looming fiscal cliff, which would see automatic t
Why the authorities are calling him paranoid and bonkers, right now. Tim tebows fall from grace . Celebrated for his dramatic lastminute touchdowns and praised for his faith. Now, being torn apart by his teammates behind his back. Why is the once most popular man in football no longer being hailed as a hero . Good morning, everyone opinion everyone, as we come on the air, overnight, three israelis killed by rockets from the gaza strip. Israeli warplanes are hitting dozens of sites in the gaza. L of that follows a dramatic bombing by israel. You see the assassination right there. This could be dangerous. Another story were following closer to home, how did a woman steal 50 million to fuel her passion for racehorses . And how did she finally get caught . Well explain it all. And it was a routine cheerleading stunt gone horribly wrong at an nba game. Now, new details on a cheerleaders condition. And people are asking, is this sport just too dangerous . Lets get right to the cia sex scanda
Not worse, and yet on the day when the dow tumbled 167 points, the s p plunged. Nasdaq came in at 1. 16 . The only bright spots were the stocks that go up when were about to go into a recession. Now, i dont even think thats a possibility. No. No, no retail sales are too strong, Consumer Confidence too high. Home sales are not bad, car sales are amazingly strong, employment is growing, albeit slowly, but not so slowly that wield think about a recession. Nevertheless, this is a stock thats now marching to the tune of a selloff, not just in the highfliers, but in the industrials, too and those have held up relatively well during last weeks onslaught and wonder if a miracle of miracles, its taking up every stock up, every stock that i associate with a recession. Buy, buy, buy, buy, buy its a headscratcher, people. How is it possible . First, you must never forget that as big as the stock market is, the bond markets even bigger. Right now at this very moment bonds are are being bid up furio
Dow gave up 160 points. S p dropped 1. 25 . The difference is stark. And as you will see throughout this show, ive been adamant that the ipos, endless insider selling, and valuations on sales, not earnings, are all making it, so we dont have a clue where the nasdaq bottom might be, although i remain somewhat sanguine about its dow brethren. Worse, its become clear that many people are overextended, meaning theyre borrowing a huge amount of money to buy stock. Let me be very clear about something. I dont care what you say about margin buying. If youre doing it, and i know its a record level, youre wrong. Recognize that you can borrow money to go to college or buy a house, but you should never, ever buy stock with borrowed money, which is why im starting next weeks game plan with a marching order. As tempted a as you might be to buy a host of fastgrowing companies, i find it somewhat tempting myself, you must sell, not buy stocks on monday in youre using margin debt. The figures are real