and then europe s hanging in there as well, german business sentiment at an 18-month high. our road map begins with the market. more history as the dow closes above 16k. is the world getting ready for the santa rally? gap shares falling on news on its quarterly results as we re one week from black friday. and pandora shares fall on earnings while spotify could be worth $4 billion. people are beginning to pay attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. we can always look back and pick a time where it seems that was the top. imagi margin debt is an important indicator for the top. what i like about the companies, they are levered to asia and europe. how many times does jamie dimon say we need rates higher. and now you re seeing the move to the financials and goldman sachs is in the financials, too. what may be good for the financials may not be good for the rest of the market, if it includes a taper/ti
america shared these concerns. because i got letters by the sackful from people giving me advice on how to avoid bear attack while hacking. here the basic advice seems to be to go hiking with someone who can t run as fast as you can. [laughter] but there was one letter i got from a lady in new hampshire that pleased me. when you go hiking out west in grizzly bear country. two things they tell you you should do whenever you go. first, you should wear bells on the clothing. because this alerts the bears you re coming and don t overtake them by surprise. the second thing they tell you you should do everywhere you go look on the ground in front of you for grizzly bear dung. the way you can recognize it has bells in it. [laughter] it s one other story i want to tell you. it s on my mind. when i say i m happy to be back in america. i m happy for all kinds of reasons. but one of them because it s the world series. it s the playoffs of the world sugary series. i know, it s slightly a
taxes no matter how the fiscal cliff works out. and larry ellison knows it and pays to avoid a dividend tax. gets 200 million dollars. i m still shaking my head. ambassador anna wintour? varney & company is about to begin. [ male announcer ] this is steve. he loves risk. but whether he s climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke hgoes with people he trusts, which ishy he trades with a company that doesn t nickel and dime im with hidden fs. he caworry about other things, like what the market is doing and being ready, no matter what happens, which isn t rocket science. it s just common sense, from td ameritrade. i heard you guys can sp ground for ss than the ups store. that s right. i ve learned the only way to get a holiday deal is to camput. you know we ve be open all night. is this a trick to t my st? male announcer break frothe holiday stss. save on ground shipping at fedex office. ambassador anna wintour, it s got an i
the level is 16.67. down more than 15%. yesterday, the vix hit 21. it has certainly calmed down. hoping for a coup by jan moment in washington, d.c. lori: let s get more on that partisan logjam. it is finally showing signs of easing. rich edson with his exclusive reporting. rich: house republicans will present president obama with an offer. if bars treasury from extending that. he is taking nothing off the table. it is time for leadership. it is time for negotiations and this conversation to begin. i would hope that the president would look at this as an opportunity. rich: jackboot disagrees. i think prioritization is just default by another name. it is just saying that we will default on some of our obligations. by definition, if we do not have enough money, we will be in default on our obligation. rich: he also says it would be difficult to reprogram computers to pay some bills, but not all. lori: we want to go into peter s report. what is the take at the white house?
it lost out on a fighter jet deal in the euae. russian president vladimir putin has reportedly freed the jailed typhoon khodorkovsky after a ten years in prison. announcer: you re watching worldwide exchange, bringing you business news from around the globe. we re into the last worldwide exchange of the week. plenty to get through on the program. next, it s two days after tapering and the ripples are still being felt across asset markets. we ll measure the fallout. it s been we ll look at key drivers for the global property market. and the battle for control of italy s biggest telecom continues as shareholders vote on whether to replace the telecom italia s board. if that s not enough, gold is down after the fed s taper announceme announcement, but should you be buying the dip? after a big fall this year of over 25%, we ll get analyst opinions in around 40 minutes. and if you have any thoughts, comments, queries or questions or anything else you want to say, e-m