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Gerri hello, everyone. Speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. We have two guests. Welcome to you both. Last night, we covered the details of the president s opening gambit in the fiscal cliff talk. He wants a 1. 6 trillion tax increase, 50 billion and stimulus spending. And the white house has the ability to raise the debt ceiling without congressional approval. A very big deal for folks there. Today, the president is out there, trying to drum up support among the public. Not in washington or with congress or the senate. Here is what he had to say. It is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middleclass tax cuts hostage simply because they dont want tax rates on pper income folks go up. Gerri it sounds like the same old, same old. The president has been making the same comments agai is this any way to sell a plan . There really is not. The presi ....
Economic data, down just a little bit in the red today, down 22 points 37 yeah, it is the first trading day of the new month. December, a strong month historically for the stocks, but theres a push and pull going on between Market Forces and the Economic Data, and were in the red across the board, relatively flat this monday morning. The data, u. S. Manufacturing activity last month lowest level since the summer of 2009, but then we got a Construction Spending report that was good. In october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed novembers estimates, but ford beat them. Thats the data and push and pull among the markets, back to you. Lauren, thanks so much. 12995 where it ends, nobody knows. Take ....
Is simply fed up with the white house. There is a stalemate. Lets not kid ourselves. The white house stance three weeks trying to develop a proposal and they send one of pier that calls for over one half trillion in new taxes, calls for not even 400 billion in cuts and this extra spending that is greater than the amount theyre willing to get. But not a serious proposal. Lou Senate Minority leader writing a little easier in the midst of what isat best a process. He burst into laughter when treasury secretary presented the president s plan. The president , meanwhile, showing no sign of interest initiation, giving no sign he is ready to make any significant step toward resolving the impasse. President obama cast himself as santa claus in a Campaign Style rally. His comfort zone, while blasting republicans and reminding them, he will not forget who stood in his late on tax incre ....
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Lackluster week. Lackluster again. Mixed markets, dow and s p 500 lower than nasdaq, but holding on. We got a report contracted, showing the lowest level of activities since july of 2009. Also, taking a look at dell shares. Surging more than 6 on an upgrade at goldman sachs, actually, a 180 on the stock. Goldman had it at a sell for two years, upgraded to a buying and increasing the price target from 9 to 13. Dell is up today. Back to you. Thank you very much. The majority, believe it or not of americans, have a low opinion of the lawmakers when it comes to being honest. Just above pushers at the local car dealership. Doug shone, what do you think of this . Ive been in the profession a long time. Ive seen it. Bottom line, just one category below politicians b and politicians, and thats political consultants. People are cynical, and with justification, lori. Whats going on in washington, they cant make sense of it. Do you think its change at all . Ust a fever pitch with the cliff coming ....