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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 lo ....
The s p 500 down about two points on the session. I want to take a closer look at what moved the markets as we await any decisions out of washington. Joining us right now, keith springer, abbigail doolittle, and our own bob posani. Keith, let me get your take on the cliff here and on whats to happen in terms of the markets. Do you expect the economy to go over the fiscal cliff . What kind of reaction might we see in the market if that were to materialize . Well, if we saw the market sell off in a big way, i dont think anybody believes were going to go over the fiscal cliff. There will be some sort of resolution. Theyll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. I love the way this market is acting. Its not selling off with all the bad news, all the bickering, all the bad words on each side. Youve got to love the way that this market is holding up here. Doesnt mean investors need to be carefree, but overall, it looks like ....
Fiveday losing streak since december. Now over to kayla who has todays headlines. Goldman sachs technical error caused erroneous options trades yesterday. Many trades may be erased but it could cost upwards of 100 million. They do not face material loss or risk from the issue. Maury tomhr Mary Thompson will join us with more. Jpmorgan is reportedly close to naming two new directors with finance and Risk Management experti expertise. The bank identified the candidates but the board has not yet voted on them. The decision is likely to come next month. Two directors stepped down earlier this summer. Facebook wants to get more people online. It is called internet. Org. The goal is to make Internet Access available to the twothirds of the world who are not yet connected. The groups plans include developing cheaper smartphone ....
Boehners plan b thatty had came out with today. The major averages are all trading around twomonth highs today because it seems like progress is still being made on some kind of a deal. Heres where we stand right now. The dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by Senate Majority leader harry reid on that socalled plan b proposal from john boehner, sort of took some of the wind out of the sails. Nasdaq still up 1. 25 , a 3348 and the s p 500 index is up 12plus points right now at 1443. While the dow on pace for the first backtoback tripledigit gains in nearly five months. Can we hold on for the final hour . Lets talk about that in our closing bell exchange. Carol roth, the author of entrepreneurial equation is with us. From chicago, Keith Springer from springer Financ ....