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Transcripts For CNBC Power Lunch 20130107

Halftime. Power starts now. Power lunch and the second half of the day starts now. Indeed it does. After five year highs on the s p 500, we are giving back today. Is the market changing longterm or is this just a momentary blip. We will talk about that. Two big settlements in housing to tell you about. And a whopping 10 million deal with fannie mae. What this means pour for the foonl giant and investors now. You will hear the president speaking live and it is the next big fight in washington. The president is set to pick chuck hagel as his next press secretary and it is proving to be a controversial choice. Well carry it live and look at what it means for the defense stocks. Meantime, my partner ty is down at nyse today, hi, ty. Hi, sue. You mentioned some of the reasons why. Investors seem to be selling off in the wake of last weeks major rise for the markets. Though it got choppy on thursday and friday. Rg3s knee explains why. Worries over that, certainly coloring investors at this h

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JSO at 2 scenes following alleged shooting in Argyle Forest, witness says

JSO at 2 scenes following alleged shooting in Argyle Forest, witness says
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