Consumer discretionary stocks up the most. Utilities the biggest losers. And while individual trading sessions may have been choppy, it was another month of low volatility. The vix remained below 20 for the fourth consecutive month and thats the longest streak since february of 2007. A big part of the market story has obviously been a big topic dominating the sunday talk shows. Tim geithner arguing republicans need make the next move in negotiations. Republicans have said that they dont like those reforms or they would like to do more. And if thats true, then they should tell us what they would like as an alternative. Build on those, tell us how. But we cant react to anything until we see the details of the proposal and we need it on the rates and revenue side as well as on the spending side. Weve given them our best view what makes sense for the country. Meantime john boehner says that his party has a plan and he has already offered dozens of alternatives. You can cap deductions at a
Weapon. Sue herera is off today. Simon is in at the New York Stock Exchange and we will go to him in a moment. But our top story is inz of rising above. Maybe, just maybe. John harwood at the white house as a meeting between the president and congressional leaders wrapped up within the last hour or so. John . Sum it up for us. Tyler, its a long way to the finish line but if you want to have a positive auspicious start to the negotiations, thats exactly what we got here at the white house. President obama brought the bipartisan leaders together. He spoke from a position of confidence having just won the election but he said we need to find Common Ground and when the bipartisan leadership walked out of the white house and addressed reporters in the driveway, positive notes were all they were singing. Heres a montage. The framework that ive outlined in our meeting today is consistent with the president s call for a fair and balanced approach. I feel very good about what we were able to ta
To 2 here as we await a big week in europe as well. We start with the markets. New optimism about the cliff. President obama in myanmar saying hes confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. Lowes shares on better than expected earnings. The results renewing hopes this morning about the housing recovery. International pressure mounts for israel and gaza to agree to a ceasefire after a weekend of air strikes leave a dozen dead and hundreds injured. Brent continues to climb with gold going higher. The president and congress will strike a deal to restore the fiscal cliff. Over the weekend in asia, the president said hes confident we can get the fiscal situation confident and reached out to ceos including tim cook, Warren Buffett and jamie dimon. After top house and Senate Leaders say fridays meeting was constructive. We see headlines that may bring news to other companies. Intel ceo Paul Otellini to retire. During this period where a l
You can see oil prices pulling back about 27 cents, still just about 89 for wti crude. We will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. Lets talk about some of the main market events of the morning. Actually today fed chairman Ben Bernankes speech at the economics sclub of new york is coming up at 12 15 eastern time. Traders will be listening no any comments on the Central Banks operation twist program and discussions about changing how the fed communicates about Interest Rates. Operation twist expires next month. And there is some speculation the fed will continue making asset purchases by expanding the size of its 40 billion a month quantitate of it easing program. Also on the economic agenda today, october Housing Starts released at 8 30 a. M. Analysts looking for a decline in new building despite a steady stream of positive news on housing lately. Yesterday the National Association of Home Builders said the confide
Didnt think it was not just theoretically possible, but actually feasible for the vast majority of people to succeed at managing their own money. Okay. So if thats the case, then why is investing so darn difficult . How come so many People Struggle to make money in the stock market . How the heck can i believe its possible for you to beat the averages, the big benchmarks like the s p 500 and the Dow Jones Industrial average when so millennium and Mutual Fund Managers fail to do so. Simple. You can do it. But you have to do it the right way. One of the biggest obstacles to successful investing is a lack of clarity about just what investing is supposed to mean. I have seen countless people try to follow the conventional wisdom about Money Management only to have their investments wiped out because the conventional wisdom is wrong. And the worst part is those people had no idea they were making a mistake. They thought they were being responsible. In other words, to borrow a phrase from Co