Right now down there. That, crickets, the sound of nothing going on. It is a sad sight indeed. Three days and 11 hours from now we will be over the cliff. The hill does not seem like a behive of activity today, but a key meeting is set for today. In about two hours time at the white house the congressional leaders will be there with the president. Good afternoon, everybody. Im tyler mathisen, Michelle Carusocabrera is with us and eamonja javers is joining us. Mary. Tyler, weve been wait in see mode on wall street as investors react to any kind of signs or headlines that come out about possible progress on a deal, a mini deal is what traders are expecting now to avoid going over the fiscal cliff. Basically weve been held in about 100 point range from the dow. It is midpoint. As you might expect on the second to last trading day, volume is light. 1 billion shares changed hands. On average we get about 3. 2 billion every day. Take a look at the vix. Its a measure of fear. Yesterday poppin
Good friday morning. Welcome to squawk on the street on this final friday trading session of the year. Im Carl Quintanilla at the new york stock exchange, along with melissa lee. Thats a good song. I actually requested that a few moments ago. Cramer and faber had the day off. The market has a few jitters as we enter what is going to be an interesting day. Of course, the meeting at the white house, 3 00 between the president and some congressional leaders. As for europe, getting some data out of japan overnight and some data out of europe. Currently red arrows across the board, in london, paris, and frankfort. Our road map begins at the white house. Congressional leaders set to meet with the president , 3 00 p. M. This afternoon. Senator reid has already said hopes of a deal are fading quickly. Just two trading days left until the cliff. And its not just the fiscal cliff. Wind farms and dairy are set to get hit. The ports of the east coast and gulf coast are bracing for a potential stri
The party is over. Long term it will be okay. You can still buy a house in the future. Lets take a look at apple. There is nothing to excite him. Bakto exciting. At t will announce they have not amounts what they will have. Maybe it will be a keyboard for the ipad. We have a been seen things happen with mcdonalds. As the party over for them. People will eat their jump full. They have tried to make their full healthier. Their big problem is that they do this again and again. There try to get people to spend money at their restaurants. Long term, this may become a problem. Shortterm, it will be okay. It has a little bit of value. So what about the housing crisis . Were saying the government or after some days on banks. Bank of america was charge is 6 million fine. Freddie mac, fresaid inmates were upset about this. Bank of america is unsettling, theyre taking a risk away. J. P. Morgan chase is paying 13 million. They need to be bankers not litigators. It looks like bad news but this is a
Controversy written Trump University hillary is not a talented person. One of the worst secretaries of state in the history of our country. Reporter trump trying to get ahead of a clinton speech today where she criticizes his Foreign Policy proposals. They sent me a copy of the speech and it was such lies about my Foreign Policy that they said i want japan to nuke. I want japan to get Nuclear Weapons. Give me a break. Reporter but clinton relentlessly slamming him as a fraud. He is trying to scam america the way he scammed all those people at trump u. Reporter the Democratic Front runner capitalizing on newly released testimony on ex staffers accusing trump ewart of unethical, misleading and dishonest conduct, a fraudulent scheme that preyed on the elderly and uneducated to separate them from their money. Trump and his employees took advantage of vulnerable americans, encouraging them to destroy their Financial Futures, all while making promises they knew were false from the beginning.
Are standing now. Jacqui heinrich with more on the economy and robert gray in los angeles where consumers are bracing for an inevitable hit right now. We begin with john. Officials tell fox news theres no more trade talks with china scheduled, not to say that there wont be any more trade talks. Theres nothing on the books right now. In the last few minutes, President Trump weighing in on todays talks with the vice premier of china. The president tweeting over the course of the past few days, the United States and china have held candidate and constructive conversations on the status of the trade relationship between both countries. The relationship with president xi and myself is strong and conversations will continue. Meantime, the United States has imposed tariffs on china, which may or may not be removed depending on what happens with respect to future negotiations. Late last week, china reversed itself encore issues that it had already agreed to. Then started to play the delay game