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Industrials. You mentioned hewlettpackard. That is wang had negative down point itself. Names like apple for examplevirtually flat or leaning to the downside. Connell will get the numbers in the economy. Dagen steve forbes is from forbes media. I am always and often missed. Europe is raising taxes, driving their economies into recession. Japan is doing the same thing. We are about to do the same thing. The best thing that could happen is they kick the can down the road and do nothing. Postpone everything. Put it off for six months so that they do something sensible. Raising taxes on capital. Raising taxes on small businesses. That just means how much damage will be done. That will slow the economy next year. Dagen this is interesting. Most of the predictions have been, if we go over the fiscal cliff, then the odds of recession go way up. You are saying just the opposite. If we do not go over, if we come to a deal, we go to recession. Just postpone it for six months. Put it off so you m ....
Around 527, roughly you there. That is not much of a bounce back. Nicole so many issues are happening. The first one in the center, the fiscal cliff as you are noting when you talk about dividend and the taxes that are set to ensue next year in 2013, were seeing the selling, and telecom and that is the trend, those are the ones that would be directly affected. As far as apple is concerned 7 is a high. The question is when are they getting back to those levels, Hedge Fund Managers getting out, and are we waiting for another product . Stuart what new revolutionary product has apple on the horizon which would lifted back to 700 a share . It is down 8. 5 just above the election day. Tax advantage of selling now. Nicole you could do a whole show, state tax, a payroll tax, it is your show. No ahead. Stuart if you sell now and take your profit now you pay 15 Capital Gains tax. I ....
We are seeing the jump. Earlier today it was up over 20 . 22 . The anticipation here that the markets are somewhat unsettled. Adam sandra smith has the latest on the developing story in todays trade. Sandra maybe gold will go higher this year. I want to bring to your attention, gold. Right around the unchanged mark. It was seen as a major resistance level. Nonetheless, higher for the day. Bringing up a weekly chart, higher for the week. The fifth straight day for game for gold prices. This is the story we are looking at so far. Contrast to what we saw last year. It has been seeing the biggest amount of daily inflows in weeks. In some cases, months. A lot of attention. Maybe a turnaround for the gld as well. Back to you. Adam sandra smith, thank you very much. Lori argentina surprising. The fed will print fewer dollars, which in reaction, has a basket of foreign currencies weakening against the greenback. Welcome back to the show, hank. Well, look, we have more uncertainty right now tha ....
Liz full speed ahead for the big tech names. Ibm having its best day in years and google repay higher. Hello, i am Cheryl Casone. It is the last hour of trading and countdown to the closing bell begins right now. Liz claman is on assignment at the World Economic forum in davos, switzerland where she is real and the biggest names in business starting with the chairman and ceo of etna, talking about Health Care Spending and impact on the fiscal cliff. Wait till you hear what he says about the flu outbreak. And then it is the smart phone revolution. Qualcomm wants to the part of a shift toward value funds, particularly in china and other emerging markets. We will get the inside scoop from qualcomm chairman and ceo paul jacobs. Stocks near the best levels of the day trading at five year highs. Take a look at markets whi ....
Much on the sidelines. House Speaker John Boehner talking yet again today about the lack of progress in talks with the president. This is a quote there is almost no progress, but he is willing to move forward in good faith. Consumer discretionary stocks have been the week links today. Things like yum brands have been down on things like heavy volume. Sale estimates missed. Hy retail out of fashion once again. Coach and tiffany in the red. They missed their earnings numbers. Market does not like surprises. Lets take a look at metal. Gold down about 17. Even as the dollar falls against the euro. Perhaps, you can blame it on the fiscal cliff. You can mention that silver is down more tightly. Lots of things going on in the markets. Coming up just a little bbt later in the show, you have to see this. Talk about optimism. Michael milken. Remember him in the 90s . He was a real rock star when it came to backing small entrepreneuria ....