travelers, caterpillar and chevron accounting for a big chunk of that advance. >>> apple having its worst day in four months. pushing the nasdaq into negative territory. >>> bob, apple is lower than 4% -- we're going to toss it back to brian. >> courtney, hold your horses. >>> but first we've got to get a big development on the fiscal cliff negotiations. at this point we are still just a quarter way to a deal. eamon javers, though, some republicans, call them defectors, call them break-aways, call them independent thinkers, whatever they want, what's the latest here? >> what we've seen just within the past couple of hours is a new letter from some republicans saying they'd like to see all options on the table here. that's a sign that there is some willingness among republicans to have some negotiations. i'm talking to lawmakers here on the hill who say it probably strengthens speaker boehner's hand to go out and make a deal with the president. we've seen some rancor in the ranks on the right from the speaker dealing with sort of an insurrection yesterday. this might give him a bit of wigg

go into the earnings calls of caterpillar, joy global, cummins. check out the calls of freeport mcmoran, peabody, or vail. rio tinto. owning pieces of these stocks is like owning a piece of the great wall. china. you want to be in them when the great wall's crumbling. i have seen downgrades of stocks like yum because it's got a huge chinese business through kfc, and coach which has been expanding agrefsly in china. imagine kfc. similarly a steel company without paying attention to what the chinese are dumping on our markets slyke taking your financial life in your own hands. how are we finding out? companies as diverse as corning, ppg all march to the beat of the asian drummer these days. you're not going see it in the release. it's all in the pestering frt analysts. pretty simple. listen to the call and don't hang up until you've read the questioners. read the transcript. one piece of the earnings puzing which is incredible, this is the earnings season that you have to weather something that i've never talked about before. and we've got to do thi

movie is that steve's character is from a small town himself and actually had industry in that town, a caterpillar plant which shut down and just hollowed out the entire town financially and otherwise so he knows what these people are going through and how much they need financial help so he believes he is doing the right thing by going into these towns and offering them money to lease -- to drill on the land, and so then the town basically turns out to be a little more savvy and decide that that is not necessarily what they want, and then the debate begins. and my character is named dustin, and environmentalist that comes in to help the town sort of fight against what matt's character is doing. >> rose: you have to be accurate about fracking. >> right. you want to make sure you get it right and not be vulnerable to the idea that this story is not -- >> yeah, so there was a lot of research, ian wrote a great series for "the new york times" called drilling down, an it was really phenomenal and so we used that and there are some books that have been written, a ton of articles and i mean, you know, n

we just need the state department to have eyes open, to open up doors for caterpillar and g.e. not pick winners and losers but at the end of the day -- look, i like my chances in africa against all comers. they like the united states, they like the way we do things. we train people, we invest in countries. i like that. >> rose: on the question of what the u.s. government should do, is there anything that this government should do-- or any government, whether it's the obama administration or some future administration-- ought to do in terms of u.s. companies being more competitive internationally or? or do you want them to stand out of the way snrjts look, i think they can be -- i don't think we need the same levels of investment support that even germany and japan have. but the fact that secretary clinton has been very pro business, that the state department opens up doors, that the president publicly says i want to double exports, that the u.s. is very aggressive in trying to do that, i think attitude helps us all. it's really a -- you know, when chancellor merkel flies from b

caterpillar is growing on the list of companies adding -- it remains its quarterly dividend. netflix shares jumping after morgan stanley raised its price target $25. pickup is by rating. netflix is on track to temporarily disrupt the cable ecosystem. holiday shopping impacted by hurricane sandy. wells fargo shows shoppers spent more and small retailers then they did this time last year. total u.s. resales increased. that is the latest from the fox business network. giving you the power to prosper. ♪ connell: major-league baseball renewed its contract with stubhub. the thing is, we mentioned this a couple times. not all of the big teams in the league are on board. the president of stubhub is joining us to talk about this. obviously, you are excited. the yankees have opted out. the cubs have opted out. these are big teams opting out. that is not great. >> well, i appreciate you bringing up the renewal of our partnership with major league baseball for another five years. we think that is fantastic. there are 30 teams in major league baseball. it would be great to have all of t

. >> 115 on caterpillar, you viewed them. >> won a 56 million dollars verdict against them year before last. >> go ahead. >> everybody has sued wal-mart for one thing or another. >> of the seven early movers you've sued five of them? >> yeah. you know hopainful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relievi the pain quickly. try fast, long lasting gaviscon®. stuart: new led and:00 more staggering numbers on gun ownership, a number of permits to carry a concealed weapon in florida about to hit the 1 million market. at that record gun sales across the country, some people saying it is because they fear second amendment rights will be limited under second obama term. is that really the reason? will lawsuits be the avenue the left uses to take away your guns? we have a lawyer and an advocate here on the set with me today. what about the assault on christmas? atheist's suing to get me to the dc-9 removed from public places? whar favor trial lawyer who is

and is caterpillar the next stock to surge. two traders, two opinions, one big debate at the top of the hour. carl we'll see you in 15 minutes. >> all right, scott. you might have some news from washington as well. a white house official telling nbc news that the president and house speaker boehner are meeting at the white house as we speak to discuss the fiscal cliff. dow popped on that news when it first broke on some of the wires. currently sitting close to highs of the session up about 85 points. want to bring you the latest details on the newtown connecticut shootings. the town is grieving after the horrific events at sandy hook elementary on friday that left 20 children dead. danielle leigh is live in newtown with the latest. >> good morning. and today is the beginning of a very hard week ahead as families begin saying good-bye to their loved ones and burying those victims who did not survive this tragedy. the first funeral will be today for those victims, starting very soon. the first for 6-year-old nora whose twin siste

. -- jpmorgan, caterpillar, walmart, bank of america, those are the names that keeping the dow a flow. the tech heavy nasdaq and the s&p 500 when you look at those stocks are lower. the market breadth has dwindled. there were more up stocks than down stocks. we are still seeing that, but it is tying up a little bit. that is why we are seeing this action. the fear index to the downside. phil flynn, what you seeing? jeff: metal all over the place. metals traders don't know how to take it much better than expected employment report. this morning. initially we saw gold and silver selling off into the number as the dollar rallied and bonds really took a tank and people said the u.s. is doing good but europe is not doing very good and we are concerned about that so what you saw is a shift in the marketplace. the u.s. is the place to be. kris cox little bit, rest on, but middle-class coming back. four of them expected, consumer confidence number of big drop in december. that took that awful little bit but if you look at the technical, they went below the 100 day moving average and hanging ab

caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [ laughter ] ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. thonly place in the worl

on the topside, wal-mart, caterpillar, all winners. connell: news alert from california where blue shield wants to raise rates on individual policyholders from the "l.a. times" saying the health insurance company wants to raise rates by as much as 20% for some individuals out there with an average increase much 12% for 3,000 customers. the times talked with consumer advocates saying the non-profit should use some of its 3.9 # billion reserve to hold down those premiums, but higher rates out in california. the big story in tech land today, and this is making a lot of iphone users happy, i know. for months, there's been criticism over the mapping application on the new iphone, and apple, finally, today, approved google maps to have an app for the new system. you used to be able to get google maps on the iphone, built in, went away, and people were irate. >> and literally lost without it. you were reporting on it with folks in australia lost because they used the maps program, and they ended up in the outback without water. no longer. you

and if you look at, say, the crude chart and the caterpillar chart, they're very similar. big round trip from the lows of the summer, big high. but now we're building a base and if china is going to end up doing better, then all the infrastructure that caterpillar supports is going to be great for that company. >> yeah. housing, you saw that in the journal today, huh? that has to be -- that might offset, if we could get housing going again, that might offset a lot of things happening in d.c. >> great news about housing prices finally. although i'm also the kind of guy who thinks that actually a little inflation or actually a fair amount of inflation would be great for the housing market. for some people, it's the only way that they're going to get out of this situation they're in in housing. that is they're under water on their homes. for a nation of debtors, inflation is a great thing. it doesn't do a whole lot for savers. but if you're under water on your house, inflation might be the key. >> thanks, scott. i think we had you back on today because we didn't read your opt

names like alcoa, cisco, caterpillar, hewlett-packard are helping the dow along trying to keep the names that are helping. the weighing on the dow would be some of the stocks such as american express, merck, and exxon mobile. adam: we will check in again with you and roughly 15 minutes. thank you very much. lori: congress of for the weekend, it's not likely in the fiscal cliff face-to-face negotiating will happen. the fiscal cliff deal, will we see the economy grow or if there is no deal will we fall into a recession? that is the $604,000 question. joined now by steve forbes with his thoughts on which is more likely. wonderful to see you. harming the patient. start there. >> it's going to make things worse. europe is doing it, southern europe. it keeps raising. the economy contracts even more. about to go in recession. japan raising taxes. why in the world we would apply that poison to ourselves. lori: that is the ultimatum from the white house, as you know. because of the president's reelection they have the leverage. so are the republicans going to have any choice but to cave especiall

well, there's a wocket in my pocket ♪ and a horton hear as who, a very hungry caterpillar's on the loose ♪ oh, yeah ♪ butterflies in the sky, i can go twice as high ♪ take a look, it's in a book, a reading rainbow ♪ a reading rainbow, a reading rainbow, yeah ♪ >> the great jimmy fallon. thank you so much. >> that's it for us tonight. it's been an extraordinary year. thank you for watching. >>> tonight the biggest names in politics. >> word peace is something almost become fashion. >> headline makers. >> if the president didn't know what happened, he sure as hell should have. >> candidates. >> i was the perfect candidate for america. >> what if mitt romney isn't the best person? >> the idea that somehow making a business profitable is different than helping people. >> it's ridiculous for people to purchase a gun. >> did you get up this morning and have a quick -- >> i probably did, i probably did. >> "piers morgan tonight: the newsmakers" starts now. >>> good evening. one of the great things about my job is that every night i get to sit down with movers and shakers, the men and

they've got caterpillar gear with them. the sort of thing you would see on the side of the road as they were building. it's these great yellow machines that will help them drag their equipment, but ultimately, at the end of the day, it's reynold fiemnes and five others who have to survive together. he told me that one of the great expeditions that he had done was 52,000 miles around the world. they were. >> it is about dealing with each other and keeping each other going. sde expect to come back, ought many will say he is absolutely mad to do it. he said the one thing he misses is a great warm bath, and he says there's a smell towards the end of these trips because all of you are smelling, you sort of smell together. i mean, the sort of conditions are so extreme. neither you or i could really get our heads around it. yesterday it was zero degrees in london. that is 90 times warmer than it will be for him, and i was absolutely freezing doing that interview with him. it's -- >> i guess we're wimps compared to him. we don't ha

caterpillar, mining equipment, one of those ohio employers, employ nearly 100,000 ohioans. it is a great example of the certainty pntr will bring. with russia's entrance into the w.t.o., exports to russia will go from 15% to 5%. for cat pilt hrar's off high -- caterpillar's off highway truck this exceeds $5,000 per truck, a substantial margin. if we don't pass this bill we have no idea how russia will treat our u.s. comporters and we'll have -- exporters and have no way to hold them accountable. other businesses that benefit includes procter & gamble which sells 50 brands in russia now. they have the leading market share in about 75% of the categories in which they compete. eaton, a company in the cleveland area, has thousands of employees in northeast ohio, exports industrial clutches and brakes to russia and looks forward to the certainty this bill brings. when working with our customers in russia, they need that certainty. t.d. aviation in ohio employs about 9,000 people has a great opportunity to compete as russia acquires over 1,000 new civilian aircraft over the next

walmart, caterpillar, express scripts, exxon mobile. now the instructions on how to get out of here. guests should exit down the right quarter from the rotunda. take another right at the end of the corridor, take the elevator to the basement. the guard will direct to from there. what you are trying to do is get out of the dirksen building at . you cannot get out of this building. the doors are locked. you have to go out of the exit door in dirksen. thank you, all, for coming. this has been a wonderful evening. great comments. thank you very, very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> ladies and gentlemen, please take the centerpieces home with you. >> coming up on c-span, california rep and democrat lynn woolsey delivers her farewell address from the house floor. followed by a tribute by other members of congress to outgoing california representatives. mr. speaker, throughout my career in public life and even before nothing has motivated me more than a d

caterpillar is a china play. cummins is a china play. by the way, starbucks is a china play. and yum is a china play. and i believe in david novak that yum is going to be able to readjust, build a lot of kentucky fried chickens in the two, three, four tier cities. they're equal to chicago, right? >> yeah. 200 cities in china the size of chicago, in terms of population. >> and those are small. >> can you imagine the lines at starbucks there? a cappuccino machine goes down, it could shut down the whole city. >> my daughter was asking, how did there come to be so many people in china? >> 200 years ago, i guess, that's a long time -- >> the nation building? >> i didn't have an answer. >> discovery will do us -- >> fill me in. i need to brush up on my -- >> but david faber isn't ignorant. his hair looks better. china, here's the story. >> hair looks better. then china better. relative issue. >> it's a relative issue. thank you. very nice. >>> let's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 po

as you see gains in materials, technology and industrial stocks within the dow you see strength in caterpillar as well as ge. and a couple of stocks we've been telling you to keep watch on include douff and phelps, it has until february to look for a better offer, but it stock moving on the news of the bid. so the dow at the flat line. back to you. >>> let's get to jackie deangelis for a check on some of the latest moves on energy and metals. >> wti turning positive for the session trading above $91 a barrel right now. traders seeing this as a positive sign for the new year in a that we would see a move. if we break through 91.25, you could see $92 or $93. traders are commenting that oil is turning second to gold in terms of an asset class. that's how should you look at this investment the in 2013. nat gas is the big loser. declines near 3%. seems to break down every time we get to that $3.45 to $3.50. if we break through, look for $3.10 or $3. a check on gold, higher for the session. the next level there to watch is $1680, but still a lot of gold bugs out there who are bullish, they feel the

it kind of looks like a caterpillar in a kok couldn't. come march, it will spread its wings when they take the wrapping off of it. the shuttle is at a 43 1/2-degree angle here because that's the angle that it would be when it's flying in space and suspended off the ground here and people will be able to walk around here, walk by it, walk around it. and i have tim macy with me. i know you left that whole wall off he in order to get the shuttle in here from over at the nasa site. that had to be one heck of a job getting it in here. >> it was close. on paper it looked pretty easy but when it came down to it, moved it around just a little bit. the wall itself was about 85 feet wide and the wing span, as you know, is about 82 feet. we didn't have a whole lot of room to move it around. >> reporter: but never a concern that you would get it in here? >> never, ever a concern. we always knew it would get in. >> reporter: people are going to ask, can i go in it, can i touch it? >> it's a pricele artifact. as much as we'd like people to be able to d

are you producing those individuals to high-tech companies like facebook and ebay and, you know, caterpillar builds all of their engines in the state of texas now. they built a $1.1 billion excavator facility in victoria, texas, those are high-tech jobs and you need to have a skilled workforce. >> what does ebay do in texas? >> they've got one of their big operations this. backoffices, ebay, facebook, apple just announced 3,600-plus jobs in austin, texas. listen, you're not going to move a company like apple and expand it to austin, texas, if you don't have a skilled workforce. so, i think those that, you know, take some facts and figures and crunch them up to where you can criticize. and that's been going on for a long time. >> yeah. >> but the fact is this, people are moving to texas in record numbers and they're coming there because they know that there is an opportunity for them to keep more of what they work for. whether it's the ceo of the company or whether it's the worker. and that's the real numbers. that's the -- that's where the rubber meets the road so to speak. and i will put th

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