this is about 45 minutes. ladies and gentlemen, friends, i have now the privilege and pleasure to welcome a old friend of the world economic forum and supporter, secretary of state john kerry. actually when the secretary came the first time, it was in the 1990 s and that is the time we spoke about the peace dividend. there was a lot of optimism. the world was at the don of a new era dawn of a new era and the end of the cold war. now, we meet again and it looks like we are at the start of a world with many geopolitical issues. the last session has shown us the foremost issues we have to confront. so mr. secretary, you were here last year and if i just take one year, when you came last time, ukraine was just beginning. now, in a warlike situation. of course, the united states plays a very crucial role as the world s most foremost power. ladies and gentlemen, we are particularly pleased to have the secretary of state john kerry this evening with us to enlighten us how he s
tonight. let the last minute panic begin of the president obama is set to fly back to washington in the next few hours to try to scrape out a fiscal cliff deal but hope is fading fast. if that weren t bad enough, the treasury now says the u.s. will hit the debt ceiling on new year s eve. will this be a game-changer for reaching a deal? plus as if the fiscal cliff wasn t bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we ll explain how a looming union worker strike could sink businesses across the united states. the major sports leagues do a touchdown dance after a federal judge s ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn t taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it s not, it s always about money adam: thank you for joining us. we want to look first at the day s ma
tonight. t the last minute panic begin of the president obama is set to fly back to washington in the next few urs to tr to scrape out a fiscal cliff deal but hope is fading fast. if that weren t bad enough, the treasury now says the u.s. will hit the debt ceiling on new year s eve. will this be a game-changer for reaching a deal? plus as if the fiscal cliff wasn t bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we ll explain how a looming union worker strike could sink businesses across the united states. the major sports leagues do a touchdown dance after a federal judge s ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn t taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it s not, it s always about money adam: thank you for joining us. we want to look first at the day s market
declared and the storm a make its way north tonight and washington, d.c. make it four inches and new york city may get three inches. more than 2500 flights have been canceled already today. a five-year-old wire fox terrier named sky won best in show at the westminster drug show last night. he was among the westminster dog show last night. no prize money but he gets a trophy and the large ribbon and a steak lunch at sardi s in time square. it is fashion week and westminster dog show, beauty week in new york. i never liked those kind of dog before but i like him. he looks pretty good. it has been a busy 24 hours in washington, d.c. john boehner threw in the towel and allow the clean debt ceiling increase to pass the house. president obama hosted a star- studded steak dinner in honor of french president françois holland. peter cook was too busy covering the debt ceiling to get an invite. no invite? i did not get my invite. julianna goldman represented us at the dinner.
and they re the losers because they wanted to buy and icy. cme group down 2.5%. the deal works out to $33 a share, a dirty% premium. you have them all electronic exchange just 12 years old based in atlanta with the size and scale of commodity futures like brent crude oil plus interest rate derivatives is huge and you combine it with the parent of the oldest exchange in the u.s. 200 years of independence. charlie gasparino taking us through the day. when you got the first call yesterday and broke the story, what did you hear? charlie: the journal had a first headline, i heard something about this. i do not confirm the first interview but they had headlines of the merger. i was hearing it was a full out acquisition, the new york stock exchange getting bought by the intercontinental exchange and that blew me away. it is an amazing story. we fight for seconds here. going on the air, basically saying at the new york stock exchange about the taken over, this is not a merger of equa