Economist john silvia will be joining us to kick things off. First, lets get to the guys in new york. Joe, my heart is breaking. I was traveling yesterday and out last night. I missed all of the masters disaster, been reading about it this morning, checking this stuff out. 11 inches . Missing . Ernie ells. Becky, im telling you yes, not you. Right. I read what he said this morning, and my heart really went out to him. After being so great you know what he said . He said, i got up to that first three footer for bogey. Number one is a really hard hole, and all the greens are really hard. Theyre so fast. The holes are cut so sharp. Theyre very scary. What he said really got to me. He said, i couldnt pull the putter back. I know that feeling so well. Its because hes still got the right hand low. I can tell you that ernie is going to be i dont think hes clawing yet, but i cant say for sure. But hes going to have to do something called the claw. Thats the only way. Also, what i found did you
About 2. 25 points. The market closing lower once again today, adding to the losses we have been seeing since the election. Is a deal in washington what investors are waiting for to get back into the game . Joining me now is ben pace from deutsch back private wealth management, Scott Collier and our own mandy drury. Good to see everybody. Ben pace, what is behind this selling, and when will it end . Whats your take . I dont think its really economic right now, maria. I think its pretty political. Every pronouncement weve heard over the last four, five days has decreased the likelihood were going to have a quick resolution of bargaining that has to happen in washington. Again, it has to happen. It increases the likelihood that we fall off the cliff for lack of a better term. We still dont think thats over the 50 probability. It was probably 25 to 30 mow. Thats why the markets are where they are. Theyre starting to hit levels now where theyre looking attractive from a dividend yield pers
Simpson and Erskine Bowles in an interview you cannot afford to miss. Hope you join us 4 00 p. M. Eastern. The cofounders of the fix the debt campaign, which many Corporate Leaders are backing. Theyll tell us how they think washington can come together and reach a deal, bill. Sure would be great to figure that out. Maria, looking forward to that. Im Bill Griffeth here at the New York Stock Exchange. Markets continue to feel the sting of the uncertainty surrounding the fiscal cliff crisis. Look at the dow, for example. It cant decide whether to go higher or lower today. Its been zigging and zaging all session today. Down 42 points. Thats about the midpoint of the range. The nasdaq is down 11 points, about 1 3 of a percent. The s p 500 index also trading lower, down 3 1 3 points. Some longtime traders may say the first and final hours of the trading day are the most important. Since the market highs back on september 14th at the time that qe3 was announced by the fed, the s p 500 has suf
Youll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. Leaders of both parties think it would be to their advantage to go off the fiscal cliff. What a 12 straight that is, that we could win more as democrats if we let it go or we can win more as republicans. This whole game isnt about america, its about you who do we make the demss lose and how do we make the republicans lose. People are sick of that and ashamed of it. Well try to rise above all of this today. Our guest hosts will be doing the same. But before we get to all of that, andrew has shall other top headlines. We have some very Important News and serious news. Fighting escalating sharply overnight. Dozens of missiles seen exploding in gaza. Authorities in india have investigating claims a that walmart violated exchange rules. Direct ownership by foreign firms was prohibited. Walmart has denied any wrong doing. And the news comes a day after walmart reported disappo
Against all of the political changes were seeing today, first i want to show you the Market Action. Stoxx 600 is sitting roughly flat, but weve seen interesting trading session where the nikkei really surging to the up side again today. More on that in a bit. Take a look at whats happening across europe because after a couple of uglier days in the market, were seeing something of a comeback now led by technology, Retail Stocks are also in the green, food and beverages, autos among the sectors dragging on the indek. We can take a closer look at the bourses. Ibex is down. Ftse 100 sam thing, so well keep an eye on all these levels as the show progresses this morning. The bond space is where weve been focusing our attention with spain and greece on. Spain today seeing prices rise, yields coming down to 5. 78 . Italy seeing a bit of a rally, too. Selloff for britain and bund oigs boig benefitting. Quick look at information rek. 81. 02 is the left. Down another tenth of a percent. Eurodolla