>> what you just saw was officer moody shoot ernesto 11 times. four of those times he was olt ground. the woman you saw coming out screaming was his wife whitney. the reason they were after him, they say he was wanted for an alleged domestic violence situation from earlier in the day. he is a parolee. the san joaquin county's d.a.'s office said officer moody was justified. he said he thought the victim had a throwing knife. a throwing knife was found in the back of the truck. investigators say when they looked at the video, it did appear that the victim had a knife at the beginning of the footage. >> when the guy got out of the truck, though, was he coming at the officer or was he saying, okay, hands up. i give up. >> it's interesting you say that the attorney for the family john burris said that this man was not acting aggressively towards the officer. he was trying to give himself up and turn himself in. but the district attorney's office said, no, this was justified. now, moody is back on the force. >> why was this video released to the public

oh well they're you know getting back to the dance of the money fairies and you know moody's and iran again it seems nobody believes them because they were caught cooking the books for these banks and taking bribes for ratings but meanwhile the bond market the bond vigilantes as they were called under the clinton administration have been neutralized. at their own debt they're monetizing you know debt although they don't call it that because they know that would be scary so they call quantitative easing so they're no longer the ability to for any price signals to get through the noise of the corruption is now completely. an economy entirely based on false signals where people can be buying and selling twinkies on e bay for eight thousand dollars chinese housewife speculating in the forex market for national debt max determining borrowing costs so what's the point was the point to any of the rating agencies yes but here's a here's the grim truth of it all all i. have not done better than flipping a coin for fifty years all of the hatch one. better than flipping a. flips is exactly zero

well moody's has downgraded six point four government ratings for every upgrade in the u.s. and europe even so max european bonds are having their best year since one thousand nine hundred ninety eight returning eleven point five percent through december fourteenth well in this case i must say that for the past four years i've gone on record many many many times that the euro crisis was completely fake now i just based my analysis on one very important issue and that is that germany is a global superpower and that there was no way that this euro project was going to go down no matter what nigel things however you read into the next paragraph in this article and they do point out once again why are the. bonds moving to the opposite of what the rating agencies say well that central bank revolution max central banks buying unprecedented amounts of government securities to pump money into their financial systems and keep interest rates low is also driving the divergence between ratings and bond performance the e.c.b. for example has bought nine hundred twenty four billion dollar

well moody's has downgraded six point four government ratings for every upgrade in the u.s. and europe even so max european bonds are having their best year since one thousand nine hundred ninety eight returning eleven point five percent through december fourteenth well in this case i must say that for the past four years i've gone on record many many many times that the euro crisis was completely fake and now i just based my analysis on one very important issue and that is that germany is a global superpower and that there was no way that this euro project was going to go down no matter what nigel thanks however you read into the next paragraph in this article and they do point out once again why are they. moving to the opposite of what the rating agencies say well that central bank revolution max central banks buying unprecedented amounts of government securities to pump money into their financial systems and keep interest rates low is also driving the divergence between ratings and bond performance the e.c.b. for example has bought nine hundred twenty four billion dollars

well moody's has downgraded six point four government ratings for every upgrade in the us and europe even so max european bonds are having their best year since one thousand nine hundred ninety eight returning eleven point five percent through december fourteenth well in this case i must say that for the past four years i've gone on record many many many times that the euro crisis was completely fake now i just based my analysis on one very important issue and that is that germany is a global superpower and that there was no way that this euro project was going to go down no matter what nigel things however you read into the next paragraph in this article and they do point out once again why are the bonds moving to the opposite of what the rating agencies say well that central bank revolution max central banks buying unprecedented amounts of government securities to pump money into their financial systems and keep interest rates low is also driving the divergence between ratings and bond performance the e.c.b. for example has bought nine hundred twenty four billion dollars worth of b

well moody's has downgraded six point four government ratings for every upgrade in the u.s. and europe even so max european bonds are having their best year since one thousand nine hundred ninety eight returning eleven point five percent through december fourteenth well in this case i must say that for the past four years i've gone on record many many many times that the euro crisis was completely fake now i just based my analysis on one very important issue and that is that germany is a global superpower and that there was no way that this euro project was going to go down no matter what nigel thanks however you read into the next paragraph in this article and they do point out once again why are the. bonds moving to the opposite of what the rating agencies say well that central bank revolution max central banks buying unprecedented amounts of government securities to pump money into their financial systems and keep interest rates low is also driving the divergence between ratings and bond performance the e.c.b. for example has bought nine hundred twenty four billion dollar

well moody's has downgraded six point four government ratings for every upgrade in the us and europe even so max european bonds are having their best year since one thousand nine hundred ninety eight returning eleven point five percent through december fourteenth well in this case i must say that for the past four years i've gone on record many many many times that the euro crisis was completely fake i just based my analysis on one very important issue and that is that germany is a global superpower and that there was no way that this euro project was going to go down no matter what nigel. or you read into the next paragraph in this article and they do point out once again why are those bonds moving to the opposite of what the rating agencies say well that central bank revolution max central banks buying unprecedented amounts of government securities to pump money into their financial systems and keep interest rates low is also driving the divergence between ratings and bond performance the e.c.b. for example has bought nine hundred twenty four billion dollars worth of bonds and they

well moody's has downgraded six point four government ratings for every upgrade in the us and europe even so max european bonds are having their best year since one thousand nine hundred ninety eight returning eleven point five percent through december fourteenth well in this case i must say that for the past four years i've gone on record many many many times the euro crisis was completely fake now i just based my analysis on one very important issue and that is that germany is a global superpower and that there was no way that this euro project was going to go down no matter what nigel things however you read into the next paragraph in this article and they do point out once again why are the. bonds moving to the opposite of what the rating agencies say well that central bank revolution max central banks buying unprecedented amounts of government securities to pump money into their financial systems and keep interest rates low is also driving the divergence between ratings and bond performance the e.c.b. for example has bought nine hundred twenty four billion dollars worth of bonds

according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a

debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of as detrimental to an economy and health needless to say but what if in reality progress cannot happen without bubbles and with the u.s. economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and the state first thank you so much for being on the show very good to be here we're going to have you because you have said and i would definitely ag

debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of mental to an economy as health needless to say but what if in reality progress cannot happen without bubbles and with the u.s. economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and this dave thank you so much for being on the show very good to be here we're going to have you because you have said and i would definitely agree the bubbles

mark zandi of "moody's "analytics. and our own john dicker sen. captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning again. treasurer treasury secretary tim geithner laid out the emotion's opening offer on how to fix the debt. it wasn't what the republicans want to hear. basically geithner said no waw to cut a deal without raising taxes on upper income americans. even though, he said he's optimistic some kind of deal can be reached by the end of the year, and he said 98% of americans will not see a tax rate increase. here's what he told us when we sat down with him. >> i do think we're going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you ha

debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of as detrimental to an economy and health needless to say but what if in reality progress cannot happen without bubbles and with the u.s. economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and this dave thank you so much for being on the show. very good to be here we're going to have you because you have said and i would definitely agree t

but now it is a moody part of the song and not the actual scrooge singing which i wouldn't even try to repeat. so maybe you have to be born here to be able to sing like this puzzled so until i met she looks like a deveny and i don't even speak their language but she is from japan. most as to heart and mind so that you come from two hundred years ago until stop here she's not planning a professional singing career she keeps practicing just because it's become part of her nature. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. to why would we want this. why would

moody's chief economist, deutsche bank senior u.s. economist telling us just how much that will hurt the economy and the markets, and, of course, investors and everyone in this country in today's money lineup, news on the economy brought life to wall street today inspiring some investors, the news an unexpected increase in factory orders up for a second straight month, and the biggest gains in productivity in the third quarter in two years. business activity, along with new orders, showing their biggest gains last month since the first quarter. stocks finished off their highs. the dow up 83 appointments at the close. the s&p gaining 2.25, and the nasdaq under the weight and pressure of the biggest stock, apple, dropping 23 points. volume today rising to almost 4%.2 billion shares. app 8 stock, as i said, today, laggerred and immense weight on the mark. that stock fell 6.5%, $37, and concerned about the lack of new products on the horizon, concern increased competition in the market might force apple to cut margins to remain competitiv

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody and i'm going to. get you i'm seventy years old with it why should i leave here there is no one chasing me out. to live this down he doesn't just have material wealth like gold and silver but yet. that for us it symbolizes a lot just get bored and we don't believe that the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with. as a bit be. reflected from. it because there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital that last seven capitalism will look at what against a people that do nothing else except work and contribute to the state is good at what it was in the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining develo

moody's chief economist, deutsche bank senior u.s. economist telling us just how much that will hurt the economy and the markets,nd, of course, investors and everyon in this country in today's money lineup, news on the economy brought life to wall street today inspiring some investors, the news an unexpectedncrease in factory orders up for a second straight month, and the biggest gains in productivity in the third quarter in two years. business activity, along with new orders, showing their biggest gains last month since the first quarter. stocks finished off their highs. the do up 83 appointmes at the close. the s&p gaining 2.25, and the nasdaq under the weight and prsure of the biggest stock, apple, dropping 23 points. volume today rising to alst 4%.2 billion shares. app 8 stock, as i said, today, laggerred and immense weight on e ma. that stock fell 6.5%, $37, and concerned about the lack of new products on the horizon, concern increased competition in the market might force apple to cut margins to remain competitive that added up

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody you know maybe. i'm seventy years old why should i leave here there is no one chasing me out. to live this down doesn't just have material wealth like gold and silver but. that for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with. as a bit be. it because there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. into this world. it's exactly like that it's a struggle of capital seven capitalism will look good work against the people that do nothing else except at work and contribute to the state let's get on with the multinationals do their work. without leaving the country anything. i think that is when we must take into consideration that mining development that it does represents two

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody you know maybe. i'm seventy years old with it why should i leave here but there is no one chasing me out. that live this down doesn't just have material wealth like gold and silver but yet. that for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived will be as a bit be. it because there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital of seven capitalism would look good work against the people that do nothing else except work and contribute to the state let's get on with the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development that it does represen

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody you know. i'm seventy years old why should i leave here there is no one chasing me out. to live this down it doesn't just have material wealth like gold and silver but. that arrests it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with me as a baby. and . it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital that last seven capitalism we're against a people that do nothing else except work and contribute to the state is going to the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development that it does represents two percent of the g.d.p. n

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody you know maybe. i'm seventy years old with it why should i leave here there is no one chasing me out. to live this down it doesn't just have material wealth like gold and silver but. that for us it symbolizes a lot just get bored and we don't believe that the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived. as a bit be. him . it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming in will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital. capitalism will look good work against a people that do nothing else except work and contribute to the state is good it was in the multinationals do their work. without leaving the country anything. like that is when we must take into consideration that mining development that represents two percent of the g.d.p. a

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody and. i'm seventy years old with it why should i leave here there is no one chasing me out. to live this down it doesn't just have material wealth like gold and silver but yet. that for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived will be as a bit be. because of. it because when there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital seven capitalism will look good work against the people that do nothing else except i work and contribute to the state let's get on with the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development or. the represents t

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody and. i'm seventy years old with it why should i leave here there is no one chasing me out. to live this down it doesn't just have material wealth like gold and silver but video. that for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with will be as a baby. because when. it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital. capitalism will look at work against a people that do nothing else except work and contribute to the state is going to be with the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development. in the represents two pe

can remove the tell must be moved we must move the town this is something very typical in metallurgy moody and. i'm seventy years old with it why should i leave here there is no one chasing me out. to live this down it doesn't just have material wealth like gold and silver but yet. for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with. it as a baby. and when. it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital that capitalism will look at but against a people that do nothing else except work and contribute to the state let's get on with the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development that it does represents two percent of

going to move the tell must be moved we must move the town this is something very typical in metallurgy moody you know maybe. i'm seventy years old with it why should i leave here but there is no one chasing me out. to live this down doesn't just have material wealth like gold and silver but yet. that for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with will be as a baby. but when. it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital that last seven capitalism would look at against a people that do nothing else except at work and contribute to the state is good at what the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development that it d

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody and. i'm seventy years old with it why should i leave here there is no one chasing me out. of the blue but this down doesn't just have material wealth like gold and silver but video. that by the arrests it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with the as the be. the one with whom. it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital seven capitalism will look at what against a people that do nothing else except work and contribute to the state is going to the multinationals do their work. without leaving the country anything. i think that when we must take into consideration that mining development that it does r

going to move the tell must be moved we must move the town this is something very typical in metallurgy moody and. i'm seventy years old with why should i leave here there is no one chasing me out. that live this down it doesn't just have material wealth like gold and silver but yet. by the arrests it symbolizes a lot just get bored and we don't believe that the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with me as a baby. it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital. capitalism we're looking against a people that do nothing else except work and contribute to the state is good at what it was in the multinationals do their work. without leaving the country anything. like that is when we must take into consideration that mining development that represents two percent of the g.d.p. and

to remove the tell must be moved we must move the town this is something very typical in metallurgy moody and. i'm seventy years old with it why should i leave here there is no one chasing me out. to live this down it doesn't just have material wealth like gold and silver but yet. that for us it symbolizes a lot just get bored and we don't believe that for the economic ambitions of people who aren't even colombians we should disappear so they can come to mine the gold killing a town which has survived with will be as a baby. because when. it goes from there are people who are indigenous who are confused politically because they have been told that capitalism is coming and will destroy them above all we can't have a dialogue with the deaf. and. it's exactly like that it's a struggle of capital that capitalism will look at against a people that do nothing else except work and contribute to the state is going to be with the multinationals do their work. without leaving the country anything. i think that is when we must take into consideration that mining development that it does represents t

. >> johthon why don't you listeto mark sand zandy of moody who advised john mccain's presidential anything. it is nhing to do with a progressive position it is facts and common sense. >> that'slet numbers there. john layfield. what do you make of all of this. >> i thin mk zandy is the wrong guy to wrote. christian this is good stimulus but not how you do stimulus. when you give people $300 that center a family and house to support. they have to spend that money and i disagree that americans are apathetic and lazy. they want jobs. you can find a person who doesn' want a job, you can't say it is it all americans. the 3.3 million people will slip in pover. what they need is jobs that. is it a real stimulus. to argue that this is a stimulus measure i disagree. >> hold on. >> we hav talked to ceo's time and time on the fox business network. we have help wanted signs and peop wl nolt take the jobs because they don't want to work for minimum wage. it is not forever . the notion is to move up and get promoted but people would rather collect 99 weeks of feebie. we a creating the monster and like ha

and what's also interesting is you have the rating agency moody's saying that this acquisition will not hurt their credit rating. you see the stock there at 60.20. certainly a nice gain, a potential move to the upside. saying it won't affect their credit rating at all. they keep the credit rating of positive. that's good news. of course e paid yaw -- expedia, they compete with the other names such as priceline and trip advisor, but positive comments from the analysts at deutsche bank and moody's helping to keep expedia a nice winner today on wall street. ashley: thank you very much nicole. down 148, just down 8 now. we have made back 140 points. what an interesting day. it speaks volatility. let's go to sandra smith at the cme, the vix popping about 20 today sandra but pulling back a bit. sandra: that's right because throw this in with the big reversal we have seen in the last few minutes of trading now that we have got this news that they will be meeting on sunday. traders down here in the pit are talking about the dramatic reversal not only in the stock market, the commodities market.

next week, senator john barasso joins us, and moody's chief economist on the fiscal cliff. that's rights, it nears. join us for that next week. stay with us tonight. our first edition of the stupid list is next, and it is long. ♪ music body language can tell you all sorts of things. like someone is having a stroke. know the sudden signs. learn f.a.s.t. face drooping arm weakness speech difficulty time to call 911 and get them to a hospital immediely. learn the body language and spot a stroke f.a.s.t. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a higy rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has he

>> well, i think the concern is that moody's and fitch decide to downgrade the u.s. if they don't get the deal that they like. it's possible to get a deal, but then not one that they feel comfortable with. if that's the case, you have two of the three major credit rating agencies who have downgraded the u.s. from aaa. that proves negative for the stock market, certainly. we saw back in august of 2011 when standard & poor's downgraded the u.s. 10 president drop in the stock market ahead of that decision, another 8 after the decision. liz: but where did the money go? it went into u.s. treasuries and the greenback, the u.s. dollar. >> that's our view. our view is if we get a downgrade, that this is, in fact, what's going to happen. perversely, the u.s. dollar would benefit as a safe haven currency, perhaps even the pseudo-safe haven japanese yen would benefit temporarily. and then alto the u.s. is downgraded, u.s. treasuries actually stand some room the gain here. liz: okay. but the yen, for example, was falling today. in fact, it hit its lowest level in two years. the

why don't you listen to mark sand zandy of moody who advid john mccain's presidential anything. it is nothing to do with a progreive potion it i facts and common sense. >> that'slet numbers tre john layfield. what do you make of all of this. >> i think mark zandy is the wrong guy to wrote. christian this is good stimul but not how you do stimul. when you give people $300 that center a family and house to support. they have to spend that money and i disagree that americans are apathetic and lazy. they want jobs. you can find aerson who doesn't want a job, you can't say it is it all america. the 3.3 mlion people will slip in poverty. wh they need is jobs that. is it a real stimulus. to argue that this is a stimulus measure i disagree. >>old on. >> we have talked to ceo's time and time on theox business network. we have help wanted signs and people will nolt take the jobs because they don't want to work for minimum wage. is not forever . the notion is to move up and get promoted but people would rather collect 99 weeks of feebie. we are creating the monster and like ham sterse on i

. > this is certainly one moody market. it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china. but realize, china is $8 trillion. our market is about twice the size. so we really need those manufacturing numbers to kick in next year. but of course there have been so many good confidence and housing numbers to sort of buttress that weaker number yesterday. > what is your stock strategy in the current market? > > i think the big question everyone has to ask themselves is, do

moody's says that attack can be canceled. illinois being one case where this need is getting more and more pressing. >> the long-term ratings are under pressure because if you take a long-term perspective, it's not likely they're going to be able to make their pension goals over the course of, say, the next 15 years. but in the interim, while they're raising the fees, that produces another two to five years of increased flows into the credit market. and the result is that you're seeing a wave of companies being able to take advantage of this. for example, chartered communications, a company that was bankrupt a few areas ago, they issued a ten-year bond this week at a little more of 500. if you're a pension fund, there's no way you can get your 7.5% for investing in a junky company like that. you increase going have to turn to the financed market and will he haver up the way they did for the '90s and we have to begin that process of levering up. >> and i want to ask about the hurdle of the fiscal cliff. if this hits at the beg

down almost 39%. >> moody's has downgraded mf global... >> huge amount of volatility. the stock is in real trouble right here. >> smith: so this is like a "what was he thinking?" kind of deal. >> i remember having a conversation with someone at mf global when i first heard about the position. and so i said to the person, "are we talking about millions or billions here?" and i'm... i thought it was millions, because i didn't... i had assumed that if it was that big, it would have been talked about a fair amount. and they said, "no, it's billions." >> i think people saw the gnitude of the bet that corzine made and how leveraged it was on a little sliver of equity and they said, "you know what? when you're leveraged 40 to one, you know, the value of the asset goes down, you know, one or two percent, you've wiped out your equity account." >> ultimately the bet he took was extraordinarily large and was maybe more than an investment bank would take. i meananif you're a goldman sachs and it's a huge institution, it can weather the waves of the market like a big ship. he was i

mark zandi with moody's. mohamed, when you say we're the cleanest dirty shirt, i wonder when it comes to negotiations where we are because we take unreasonable polarized positions. there are republican who is will not accept taxing the marginal income, you know, income above a million dollars and increasing that tax on the rich, and then you've got some democrat who is won't agree to this idea of chained cpi. bottom line, mohamed, they're going to have to be tough decisions. you cannot win budget concessions without tough decisions. when you're looking at how the united states solves its problems, what are the obvious ways? >> so the obvious way is to get together and recognize that you can only solve a long-term debt issues in the context of high growth. so you approach the fiscal problem in a way that makes sure that you also promote economic growth. so that has two implications. one is you can't do it all on one side. you can't do it all on entitlements, nor can you do it all on revenues. you've got to mov

why don't you listen to mark sand zandy of moody who advised john mccain's presidential anything. it is nothing to do with a progressive position it is facts and common sense. >> that'slet numbers there. john layfield. what do you make of all of this. >> i think mark zandy is the wrong guy to wrote. christian this is good stimulus but not how you do stimulus. when you give people $300 that center a family and house to support. they have to spend that money and i disagree that americans are apathetic and lazy. they want jobs. you can find a person who doesn't want a job, you can't say it is it all americans. the 3.3 million people will slip in poverty. what they need is jobs that. is it a real stimulus. to argue that this is a stimulus measure i disagree. >> hold on. >> we have talked to ceo's time and time on the fox business network. we have help wanted signs and people will nolt take the jobs because they don't want to work for minimum wage. it is not forever . the notion is to move up and get promoted but people would rather collect 99 weeks of feebie. we are creating the monst

down almost 39%. >> moody's has downgraded mf global... >> huge amount of volatility. the stock is in real trouble right here. >> smith: so this is like a "what was he thinking?" kind of deal. >> i remember having a conversation with someone at mf global when i first heard about the position. and so i said to the person, "are we talking about millions or billions here?" and i'm... i thought it was millions, because i didn't... i had assumed that if it was that big, it would have been talked about a fair amount. and they said, "no, it's billions." >> i think people saw the magnitude of the bet that corzine made and how leveraged it was on a little sliver of equity and they said, "you know what? when you're leveraged 40 to one, you know, the value of the asset goes down, you know, one or two percent, you've wiped out your equity account." >> ultimately the bet he took was extraordinarily large and was maybe more than an investment bank would take. i meananif you're a goldman sachs and it's a huge institution, it can weather the waves of the market like a big ship. he was

ceo of pimco, and mark zandy a is a chief economist with moody's analytics. mark, when you say we're the cleanest dirty shirts, i wonder when it comes to negotiations we are there are republicans who will not accept taxing the marginal income. the income above $1 million and increasing that tax on the rich and you've got some democrats who won't agree to this idea of a chained cpi. bottom line mohammed, there are going to have to be tough decisions, you cannot win budget concessions without tough decisions. when you guys are looking at how the united states solves its problems, what are the obvious ways? >> the obvious way is to get together and recognize that you can only solve a long-term debt issues in the context of high growth. you approach the fiscal problem in a way that makes sure that you also promote economic growth. so that has two implications. one is you can't do it all on one side. you can't do it all on entitlements, nor can you do it all on revenue. you've got to move on both sides, which means political compromise. people don't like it. but t

why are you concerned about moody's taking action here in italy? >> good morning. i think italy has a number of big challenges next year. as you can see, the market remains extremely sensitive to the fluid political landscape at the moment. but most people see it as a significant growth challenge with which the market will have to reconsider a bit of trajectory as to the fiscal consolidation path and the extent to which the world nation will work next year which may trigger some repricing of the risk for the sovereign which at the moment is substantial of the ecb's intervention. >> that and market sentiment has gotten more positive on sentiment late lit. if people come around to the risks that you're outlining, how much of a reaction are we going to see in yields? >> yes. obviously, the ecb's announcement is very important and the event has a number of events materializing. i'm pretty sure that the short kind of the curve in italy will not get the sort of level that we've seen in the worst of the crisis. but at the same time, i think there are a number of issues wh

blown up in james bond movies from what i hear but now maybe they're going to get blown up by what moody's is saying ok the ratings agency has reportedly put aston martin review for a debt downgrade and what i think is interesting about this dimitri is that we always talk about downgrades with austerity in europe and sovereign debt crises and we see these countries facing downgrades but look luxuries impactive to extravagances feeling the pinch as well so what's the reason for the. i forget there's that i don't know it's a credit downgrade yeah there's a great is yes they might see their debt downgrade i mean i don't know are given the services i mean you like the story you were a big figure maybe you're in the market for and i was smart to you you know you're you make a lot more than i do here at this i work on your ridiculous maybe so maybe this is why you want to you tell me what was it about i already did i just set it up but the whole beginning of this this intro. i mean just forget it but i don't hear that aston martins from the car buffs around this office that they're not very good

but now it is a moody part of the song and not the actual throat singing which i wouldn't even try to refute. so maybe you have to be born here to be able to sing like this i thought so until i met she looks like it vinnie and i don't even speak their language but she is from japan. most of us too far in my answer that she planned from two hundred years ago until sappy here she's not planning a professional singing career she keeps practicing just because it's become part of her nature. on the edge of human capabilities. struggling with a dream. layout to become the first.

mark zandi of moody says better sales, more construction and higher prices. last month, existing home sales rose more than wall street expected, almost 6%, reaching the highest level in three years. >>> more homeowners in trouble may also be getting some help. "the wall street journal" reports the obama administration is thinking about expanding its refinancing program. borrowers whose mortgages aren't backed by the government and who owe more than their homes are worth may be eligible soon. that would be good, not only for them, but also for the economy, as a whole. >>> and rail travel this morning is taking a major step forward in china. that country now has the longest high-speed rail line in the world. more than 1,400 miles. trains between beijing and will travel a top speed of 200 miles per hour. cutting the trip from 20 hours to 8. it may spur domestic airlines to cut their fares. >> impressive. >>> when we come back, a little courtside coziness for a controversial couple. >> the first appearance of rihanna and chris brown. >>> and a little girl's dog s

but now it is the and moody part of the song and not the actual throat singing which i wouldn't even dare try to repeat. so maybe you have to be born here to be able to sing like this i thought so until i met she looks like it to vini and i don't even speak their language but she is from japan. most of us to one mind so that she pan from two hundred years ago until sappy here she's not planning a professional singing career but she keeps practicing just because it's become part of her nature. i. know. one afternoon on the shores of the ocean blue. one of those days when it feels good to be alive on the planet earth. carefree humanity. maybe unthinking humanity even . a few kilometers away a man has given us an appointment on a mountain summit. a place in keeping with what anatole calls his work. he's been devoting all his time and energy to it for the last six years now. this former computer expert even quit his job to get ready for it for the end of the world. and the work i do will take me out of body i will ask to meet those superior beings who hold the keys for humanity already c

but now it is the and moody part of the song and not the actual throat singing which i wouldn't even dare try to repeat. so maybe you have to be born here to be able to sing like this i thought so until i met she looks like it to vini and i don't even speak their language but she is from japan. most s. to foreign mind so that you come from two hundred years ago and feel so happy here she's not planning a professional singing career she keeps practicing just because it's become part of her nature. since childhood footy america has always stood out from his peers he hates losing and has never missed a single training session he came first in everything swimming ballroom dancing or chess at the age of sixteen started to lift weights four years later he took on the bronze medal in weightlifting from the london paralympics. coming in third place at the olympic games was his first serious defeat. in your bones when the bronze medal for me was poor consolation because when you know that you really could do better that you could show a much better result of course that upsets you but i'm onl

moody's put the company's credit rating on review for possible downgrade, thanks to falling aluminum prices. fighting against the weak market was oracle. the database software reported a strong quarter last night. and shares responded, jumping 3.7%, taking the stock to its highest price since the spring of 2011. digital storage stocks rebounded. western digital was up four percent. seagate technology increased 3.3%. both received positive analyst comments. fed-ex delivered earnings that were down from a year ag but still stronger than anticipated. the drop from a year ago was blamedr n customers using lower priced shipping options instead of the higher priced express shipping. shares gained 0.9% on somong volume. it pushed thonstock to a six week high. the company stuck with its previous financial outlook for the full year. d ter just five months on the job, the c.e.o. at martha stewart living omni-media is quitting. lisa gersh restructured the company's publishing unit, shutting down one magazine, whole living. after an initial sell off today, the stock rebounded to finish up 2.1%.

moody's put the company's credit rating on review for possible downgrade, thanks to falling aluminum prices. fighting against the weak market was oracle. the database software reported a strong quarter last night. and shares responded, jumping 3.7%, taking the stock to its highest price since the spring of 2011. digital storage stocks rebounded. western digital was up four percent. seagate technology increased 3.3%. both received positive analyst comments. fed-ex delivered earnings that were down from a year ago, but still stronger than anticipated. the drop from a year ago was blamed on customers using lower priced shipping options instead of the higher priced express shipping. shares gained 0.9% on strong volume. it pushed the stock to a six week high. the company stuck with its previous financial outlook for the full year. after just five months on the job, the c.e.o. at martha stewart living omni-media is quitting. lisa gersh restructured the company's publishing unit, shutting down one magazine, whole living. after an initial sell off today, the stock rebounded to finish up 2.1%

but now it is a moody part of the song and not the actual throat singing which i wouldn't even try to repeat. so maybe you have to be born here to be able to sing like this i thought so until i met she looks like it to vini and i don't even speak their language but she is from japan. most of us to modern minds from two hundred years ago until sappy here she's not planning a professional singing career she keeps practicing just because it's become part of her nature. former u.s. assistant secretary of defense also former years and messenger to saudi arabia it's great to have you with us here today it's a privilege all right so operation pillar of cloud that israel has carried out in gaza is over now both israel and hamas are claiming victory could do you think is doing or i don't think israel is the winner except in one sense and that is it demonstrated that the iron dome missile defense system will work otherwise in the arena of public opinion internationally in the region it lost heavily. nobody likes to see advanced military aircraft bombing civilian populations which is what was ha