Points so really is a nice showing. 28 of the 30 dow components in the green. We heard from House Speaker john boehner. The overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say theyre trying to work it out. Smooth it over, ultimately. They know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. Europe seeing improvement helping equities along as well. Lori not sure if you mentioned the fed. We were talking about it at the top. Talking about their expectations of ben bernanke. Nicole would even throw out the idea of stimulus . That helped things along pushing us along throughout this entire last six months. Lori absolutely. Thank you so much, Nicole Petallides on the floor of the New York Stock Exchange. Protests turn violent in lansing, michigan, as Union Protesters ripped down a tent belonging to righttowork supporters. Becoming the 24th righttowork states today allowing workers to get the right to join unions. Jeff flock is in lansing michigan covering the story for us. I thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. Wisconsin, exactly. Not the same kind of intensity. Part of that is because this is already pretty much a done deal. There they had not a teacher headed off. The second one being debated right now. But renew over here to the scene of the George Romney state office building. George romney, former governor of wisconsin, and father of mitt romney. The large group of protesters are trying to get into the crowd and see. They have essentially ringed the entrance of the building trying to make their voices heard. They feel very frustrated. They feel this had passed in a lame duck session without the opportunity for there to be more debate about it. That is their feeling. At this point you mentioned a little bit of white you could call it violence. Nothing serious at this point, but we want to keep an eye on this because there are lots of folks, pretty hard to believe michigan could become a righttowork states. Lori mourn these protests in michigan, lets ring in these. Please to have you join us from washington, d. C. Welcome to you. Thank you. Lori why do you think righttowork is good idea in michigan . Michigan has th been one of e states hardest hit by the downturn. They want to do what they can to attract jobs. Righttowork states have lower unemployment rate. It is not hard to understand why businesses dont particularly want to be unionized. They dont want to have happen to them what happened to General Motors or chrysler. Yothey make it less profitable r unions. As a result you get more invested and more jobs. Jobs are one thing michigan definitely needs. Lori i agree. The unions would argue many of the freedoms, many of the advantages their workers enjoy her because of the lobbies and the history they have had, therefore the unions are deservedly deserve their dues. If you can persuade workers to give you their money, that is fantastic, that is your constitutional right. They should not be forced to pay dues to the union. 20 of Union Households in michigan support the right to work law. Probably because theres a awful lot of Union Workers dont go there again the value worth of their dues or supports priorities. They should have a choice, that is their right. Lori we have seen unions lose membership, lot less clout than in generations past. How do you characterize the influence of unions right now . It is a competitive marketplace. Up through the late 70s the detroit automakers headlock on the u. S. Market and about a million and a half members. Since the late 70s yet had an influx of competition. Some from japan. Many in cars being built in america in nonunion states by nonunion american workers. Ever since that time consumers have voted for the competitors products. As long as you have a competitive that isnt all that much you have to do to raise costs for businesses. Lori it all sounds great and makes perfect sense, but you look at the pictures we see right now in the capital, Union Members serious about losing the right to work status. You wonder that volatility could have a Ripple Effect ultimately interceding the economy. Probably not. A majority support this move by 10 to 15point margin. We just had a Ballot Initiative in michigan to prevent the legislature from passing this exact kind of law. They defeated it by 15point margin. The polls and Election Results show most michigan voters support what is going on. Lori thank you for your time and your analysis on this union issue. One i think wel will stick arod for a while. Melissa breaking news now. Delta stocks spiking on news that elder and Virgin Atlantic are coming to a deal. A stake currently held by singapore airlines. For more on the details on the deal, were joined by Virgin Atlantic ceo steve ridgeway. Steve, welcome to the program, thank you for coming on. Hello, good afternoon. Melissa how will customers and shareholders know the difference or notice the difference now that we are seeing this portion of the company over to delta, what will feel different . I think we are a very strong airline. We started the heritage. Delta likewise. Delta has a huge presence in the u. S. But putting operations and schedules together, we have to get a deal approved which is obviously delta buying singapores stake. And then we would create a joint venture across the north atlantic with antitrust abuse. We can coordinate our schedules and make sure we can bring together a Bigger Network for our customers and potential customers to fly on. It is very positive news with two good airlines coming together. Really offering more choices to consumers. Melissa what do you make in choice . How dull the pain 360 million. Quite a difference, what do you make of that . I think yes, it certainly is. It is the reality of the world we live in. Thanks 99 was the highest point. For the european and u. S. Carriers on how they are performing. That all changed after 9 11 and the oil spike. Looking at Major Airline share prices, they are a lot lower today than it 99. Things like this enable us to compete more effectively with a big monster lines, obviously good for consumers. Lori you have to apply for antitrust immunity, do you see that as a tall hurdle . There shouldnt be. There are two others in the north atlantic and if you take one which we fought for a very long time, they have over 60 market share. Even when you bring our two carriers together, we will have only 20 market share equally enabling us to offer a more compelling proposition in terms of the number of destinations served in the fight we can grow our market as well. Lori consolidation for a lot of consumers may mean higher prices. Can you reassure travelers that wont be the case . I think competition across the north atlantic is fierce. It has been for 28 years we have been flying. Virgin atlantic always brings good competition and very competitive prices to market. I dont think consumers of anything to fear on that front, this will be great for consumers. Melissa what does it mean for the virgin brand . It was a luxury brand, virgin is very flashy. You have Richard Branson out there, the main shareholder. The person everybody associates with the brand. He put delta in its place, delta in america is very white bread, i would say. It is the big, large brand that doesnt have a ton of style. What does it mean Going Forward . I dont know. They are riding very high among u. S. Carriers. It has made very bold statements about the investor programs. 1. 4 billion at jfk, a lot of new aircraft coming and very committed to new product. Their ceo exactly fit that today. Very attractive in Virgin Atlantic. Precisely the Service Quality that we offer. Actually when you take new york, put ourselves together, nine flights per day, great timing with that schedule. It may not be the same number of flights per day, but if you want the best experience across the north atlantic from heathrow to jfk and new york, fly with virgin and delta. Melissa steve ridgeway, thank you so much. Lori thank you, sir. Thank you. Lori adam shapiro has been all over this story all morning long. Joining us with the very latest in the ongoing news conference. Melissa and take a look at where metals are as we head out to break. Gold trading down 5. Silver getting hit the hardest. We will be right back. I always wait until the last minute. Can i still ship a gift in time r christmas . Yeah, sure you can. Great. Wheres your gift . Uh. Whew. [ male announcer ] break from the holiday stress. Ship Fedex Express by december 22nd for christmas delivery. Monarch of marketing analysis. With the ability to improve roi through seo all by cob. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the misize price. Im going big. [ male announcer ] good choice business pro. Good choice. Go national. Go like a pro. Melissa breaking news right now. The Justice Department announcing hsbc will pay a whopping 1. 9 billion to settle a moneylaundering probe. Oconnell charges be filed . Adam shapiro in the news from following this story so closely and has more now. Adam. Were all getting caught up in 1. 9 billion historic fine, but not one person from hsbc will be prosecuted for what the assistant u. S. Attorney general says was blatant and egregious violations of u. S. Law. It is worse than that. They went on his hsbc work with governments to break the law, foreign governments with terrorists they threatened by their actions the lives of u. S. Citizens. Saying at one point, and this is a quote, he says i dont think anyone is alleging hsbc was the mastermind of many of these schemes. Rather the compliance was so lax that it was allowed to happen. Listen to what he said at the beginning of the conference about how hsbc helped governments rake the law. In his own words. On at least one occasion hsbc instructed a bank in iran how to format payment messages so that the transactions would not be blocked or rejected. By the United States. So hsbc, according to lanny brewer, actually told the governments in iran, the bank at iran, how to break u. S. Law but they will not go after the individuals who might have shown the bank how to do it. We asked hsbc for the number of executives who have been subject to call back of the bonuses, the department of justice and hsbc have made a great deal, great fact of the number of executives who have had their bonuses clawed back. They refuse to give the number of executive to face clawback or the dollar amount. Saying we are not providing details beyond those included in our statement. Shareholders are left holding the bag for hsbc problems. Back to you. Melissa great reporting. Lori thank you. Lets check the market. Nicole, manning the floor of the New York Stock Exchange and in particular watching etf. Nicole on a day when this is the point of this story, equities continue to rise, the s p 500 today for example up 1 bringing us to this particular Exchange Traded fund that seen assets moving into the fund, rising stock, the asset total more than 1. 325, taking out the decimal point is the point of the story. Trillion. It was 1. 319 trillion previously. People are moving into the s p. All of this on some optimism. Back to you. Lori we will take it, thank you, nicole. Melissa the largest ever Insider Trading case. That he will return to his former boss, steve cohen. Charlie gasparino here next with that story. Lori shares of Urban Outfitters soaring on strong fourthquarter forecast. But they could be on santas naughty list. Twins. I didnt se. I have oigations. Cute obligations, but obligatio. I need to rethink the core of my portfolio what i really need is sleep. Introducing the ishares core, Building Blocks for the heart of your portfolio. Find out why 9 out of 10 large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus which includes invement objectives, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. Music is a universal language. But when i was in an accident. 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Discover how our sleep professionals can individualize your sleep experience. Exclusively at one of our 400 sleep Number Stores nationwide. Sleep number. Comfort individualized. This holiday season, give the gift thats magical the innovative airfit adjustable pillow at special 30 savings. 22 minutes past the hour, this is your fox news minute. The remains of petty officer were retained, and returned to the United States last night. The Seal Team Six but was killed in afghanistan during a mission to rescue a kidnapped dr. From captivity. He was from pennsylvania. He was 28 years old. Medical helicopter flight to a hospital crash landed left it. All three are reported dead from the accident. The chopper was registered to rockford, illinois. Federal Aviation Administration is sending a team to the scene to investigate. Severe Winter Weather pounding parts of the upper midwest. The minneapolisst. Paul area experienced some of the harshest conditions. Dumping 10 and a half inches in 24 hours. This season the twin cities has seen almost as much snow as all of last winter. Those are your headlines. Back to lori and melissa. Melissa former capital trader faces jail time for Insider Trading. They have made no secret of their desire to give up in committing evidence against wells, his own boss, steve cohen. But some say he has a powerful incentive not to cooperate. Charlie gasparino. Companies often cover the Legal Expenses of their employees snarled in investigations. Charged in an Insider Trading scam alleged back in 2008. But this was kind of interesting about this. The allegations of trading on Insider Trading back in 2008, essentially let go. Sec capital, even though he has been an employee for two years, now covering his legal fees. Longtime whitecollar defense attorney, does not come cheap, he starts around 1300 per hour. He made about 9 million according to the criminal complaint. That was the bonus. Lori so he has money. Maybe. 1300 per hour. A lot of money. And this is raising some eyebrows in the legal community. Companies often do this. Lori makes sense, great strategy. He probably had an employment contract, but we dont know. We dont know if its a deal created then based on an employment contract, or whether it is something they just did now, but it does at least two legal experts it exists, it provides an incentive when yourr boss, who they want you to cooperate on and no doubt they want steve cohen, that is their ultimate target. I have learned this from numerous people ive talked to, lawenforcement involved in this case, you read the complaint, this anonymous owner of the hedge fund which they talk about, we have confirmed it is steve cohen, he gave the inside information to. We dont know if you told him this is inside information. We see the distinctions i am drawing. We understand the feds have asked in the past to cooperate against steve cohen. People will say he does not intend to cooperate. He is facing 20 years in jail. He has no plans to cooperate, he wants to fight it. We understand this is kind of an interesting incentive. Steve cohen is paying his Legal Expenses. Lori what about immunity . Are we past that stage . The government wont offer him immunity anymore . No, think theyre still hoping. Lori with a silk over the Legal Expenses . I dont know. Melissa comes down to the employment problem. We have an employment contractor, say you are in a book and it spells out if you get sued, maybe his implement agreement that spells out if you get in trouble as a result of the work you do. If he was an employee. Melissa maybe the language covers that. Maybe this is a new thing, we dont know a lot right now. I put in calls, charlie is not commenting about this stuff. It is not unusual for them to pay these legal fees, but i will say this, it provides a degree of control. There is some sort of a lot of lawyerloose talk about people sg information. You get heads up on his possible cooperation. You know possibly where his Legal Defense is going, so it is an interesting issue. I have bounced this off of a number of lawyers. The Wayne State University