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Transcripts For FBC MONEY With Melissa Francis 20121115

Melissa first lets take a look at the days market headlines. Stocks recover from session lows but mixed Economic Data and fiscal cliff weigh the dow down for the sixth time in seven sessions walmart disappointed with Third Quarter earnings. Target shares rose 2 after forecasting a Bright Outlook for the holiday season. Now to our top story. A possible bailout for fema. Yes the federal Emergency Management agency says, it only has 850 million left in the bank and in cash, thats it. They expect to burn through that by the end of this month. Meanwhile, flood related claims are stacking up. Were looking at losses of 6 to 12 billion. This all coming as president obama visits damage here in new york to see the recovery efforts. With me now is david williams, president ....

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