Homes. If you dont have that, youre not in any rush to get out of your home or to try to buy another home because you simply cant. That means millions upon millions of americans would like to be part of the housing recovery who simply cannot. Welcome, everyone, i am neil cavuto. We have our fox business allstars here tonight. Thank you all for being here. How big a deal is this . It used to be close to 35 at the height of this meltdown. So we have slides that almost in half. It is extraordinary how much there is out there as far as people under underwater. We are right on the precipice of yet another housing crisis area the terms of affordability, we are going to watch politicians offering programs lowering credit standards. If they go there, we are in trouble and we are going to see ourselves in the economy be impacted. Neil so it will put us in a deeper fix. But the argument for extending that repayment plan, if you dont want all these guys suddenly in the market en masse, but a lot
Well. Road map begins with retailers suffering the same fate as target. Neimanmarcus is among those whose Customer Data also breached. Hear what targets ceo told becky quick, next. Ford unveiling a big change to f150 pickup truck, using aluminum in the body. Alan mulally will join us in a moment. Suntory planning to buy u. S. Based beam for 14 billion after accounting for assumed debt. Target is not alone when it comes to data breaches. Neiman marcus says mack hacker may have stolen information. In an exclusive interview, target ceo telling becky quick, the retailers accountable for the data breach that affects 10 million customers. The full extent is not known but malware installed on the point of stale registers. Target working with Law Enforcement to determine who did it and when it was done. Also steinhafel says target has work to do regaining customers trust. Challenging times for target, i can tell you that. Its a real. In the gut. Throughout the crisis, weve had a singular focus
But it is particular was a benefit required to add to the cause . Is there enough money to allow for the less merrill networks . Go back to this section of the love with the benefit requirements. Hospital doctor lab them Prescription Drug benefit for each. He did have the Prescription Drug benefit or a hospital benefit that pays 7 of the first 30 days then 100 percent. Not that you take any benefits away but that you do a different co pay and with what can be delivered with those benefits to restrict generic drugs if there are alternatives available. There is flexibility how to provide those benefits. Employers provide a 70 percent actuarial benefits but they do it efficiently for a much lower cost. There is a number of variables the way you packaged the benefit. Dont get me wrong. It is a zero sum game. You take something away when you do that. But the difference is Healthy People want Different Things than six people. Everybody wants catastrophic insurance because the healthy person
The state of the American Housing market. First, though, to sue whos here at cnbc headquarters because the traffic was so bad in the city. It is really awful out there today, ty. I had to turn around and come right back. Were going to talk stocks which are marching to new record highs. Growth in the u. S. Services sector surging to a nineyear peak. Europe announcing a big stimulus plan to revive that region. Major ramifications with that move. So lets take a look at how things are faring right now. Dow jones industrial average is 35 on the trading section. S p 500 up about 4. 5 points. Up for the first day in three the nasdaq the best gain in more than two weeks. It is traded on the up side by better than a quarter of a percent. In terms of 10year note the yield was baumped up to 2. 45 today. Lets take a look at the dollar versus the euro especially with the move earlier this morning. You can see we are moving off the lows of the trading session, right, ty . That is right, suit. Thanks
The expectation of warmer weather across much of the u. S. Means less usage of natural gas, particularly in the Northern Midwest and we were going to get snow tomorrow under an inch. David and we are seeing weakness the Department Store stocks. Macys and nordstroms underperforming in that particular sector. Liz how about some jewelry for the holidays. A rough year, but today it is making a huge push to get consumers to buy diamonds and fine jewelry. President and ceo Harvey Cantor here live to tell us what those deals are including a huge giveaway theyre doing and how we are doing and what kind of a halo effect theyre having on the giveaway. David and economic advisors warning middleclass tax rates to rise and failing to catch could cause consumers to spend 200 million less than they normally would next year. Coming up chairman of the president s council of economic advisors joining us to talk about the fiscal cliff and whether we will go over it. Liz do not miss it. But first what dro