york stock exchange is primarily dealing with the market making of stocks. the buying and selling of equities. it will bring derivatives, commodities, all of these other things, other securities that are sold by companies and traded in the market. it will bring that to a brand of the new york stock exchange, which is one of the premier brands. i think it's fair to say the new york stock exchange as the premier brand for the trading of stocks in the market. it is going to merge those two together, and that's a pretty powerful, nation. they teamed up with i.c.e. earlier in the year. we should point out that the deutsche banc teamed up as well and i created a massive and her global exchange. that was turned down by global regulators. i think it has a better shot. because it's not all the stocks in one place. gerri: you said that there is going to be a big announcement tomorrow morning. how is this going to be rolled out, do you think? >> i think it will come out tomorrow. i don't know if there will be a press conference. watch them do a press conference just to

stock exchange is primarily dealing with the market making of stocks. the buying and selling of eqties. it will bring derivatives, commodities, all of these other things, her securities that are sold by companies and traded in the market. it will bring that to a brand of the new york stock exchange, which is one of the premier brands. i think it's fair to say the new york stock exchange as the premier brand for the trading of stocks in the market. it is going to merge those two together, and that's a pretty powerful, nation. they teamed up with i.c.e. earlier in the year. we should point out that the deutsche banc teamed up as well and i created a massive and her global exchange. that was turned down by global regulators. i think it has a better shot. because it's not all the stocks in one place. gerri: you said that there is going to be a big announcement tomorrow morning. how is this going to be rolled out, do you tink? >> i think it will come out tomorrow. i don't know if there will be a press conference. watch them do a press conference just to prov

and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and the last couple of days i think the acid test, the market has been more subdued around all this political maneuvering. i don't know what you can do. i think you have to hold your breath and wait and hope they are not serious about letting us go over the cliff. you know, bernanke has worked so hard, and you're finally seeing some recovery in the housing market. the best numbers on an annualized basis since november of '09, right, and basically, you know, this gets kind of tossed, and, you know, you have kind of this infliction point with s

okay, this is the new york stock exchange being bought out. this is, defining moment in american history. it shows you, i think it is a good thing. capitalism and not like we're selling out to germans. we're selling out to entrepreneur. the new york stock exchange is he will selling to an entrepreneur. jeffrey sprecher, developed this thing 12 years ago and built a $10 billion business. this is a good thing, okay? and, we should, it should be celebrating. i know people will celebrate it, because he is selling to an entrepreneur, an american entrepreneur. lori: we were talking about this earlier, what happens to the floor? does it increase in size anymore from here. open outcry a little bit? >> i talked to sprecher about that. no, i think now we finally come to the conclusion in its state, used to be, three or four 4,000 people down there. melissa: way more. now a tiny fraction but maybe it is the right amount. >> i think we finally come to recognition both from duncan, remember, duncan is not devotetae of floor trading. he came from goldman sa

the electronic trading for most of his career, when he came to the stock exchange. they both have appreciation for what the floor is. and you need something -- before i know, the floor traders tomorrow, there's a business model reason, that is what they told me. liz: that is important. the machines go crazy. charlie: to get carried duffy or bob greifeld. liz: schedule did not permit it, a good effort. charlie: bob greifeld said the same thing. i don't blame him for not wanting to go out, competitive, small player, competitive issues they have to do something to deal with this, all publicly traded companies. we should take a look. liz: it is up 2%. charlie: people see them as a takeover target. what is cme doing? liz: it was down. the only exchange that was down. here is nasdaq. liz: charlie: people think they might be the buyer of nasdaq. people think -- cme -- this is what is out there -- is going to buy the nasdaq -- that is what is going on in the markets and why cme is down and nasdaq is up. i have been out there asking people is there any talk about this? i can

the noshl stock exchange and nasdaq is closing early for christmas eve. and tuesday, of course, is christmas day. all markets are closed in observance of the holiday. the rest of the week light on economic news. wednesday's s&p shiller index will tell us about b home price changes. and the month of november will be out. >>> earlier in the program we told you about the deal in which the new york stock exchange will be acquired by the i.c.e. in 1792 24 of them got together and established rules for buying and selling stocks and bonds. the exchange opened its doors in the current address. but as electronic trading came in and volume slowed the new york stock exchange looked for a partner. and now it has one. the deal really the end of an era. that's it for today. thanks for joining me. next week, a look back at the stories, the stocks, and the people who made 2012. each week keep it right here on wall street. have a great week, everybody. have a merry christmas. i'll see you next weekend.?Ñ

all right, you mentioned the nasdaq stock exchange. it certainly got a nice bid today on this consolidation with its competitor the nyse, up to its highest price since march. what. >> reporter: expectations for the nass-- nasdaq. >> the five year analyst expectations are for about 7% growth rate. that's moderately better than the s&p 500 growth rate of around 7.3%. so that's reasonable growth and you have a businesshat results in operating margins lately of about 23%. >> tom: sounds like maybe there is some value there. the cme a competitors with the intercontinental exchange saw a sell-off, lowest price since august. a big part of their business is derivatives. does this competition perhaps begin to bring down expectations? >> i believe that that was more of a reflection, it could have been a reflection 69 disappointment of the cme not being involved in that, and perhaps not benefitting from those types of economies of scale. that saids, the cme still h a reasonable growth expectation. i think their five year analyst growth according

all right, you mentioned the nasdaq stock exchange. it certainly got a nice bid today on this consolidation with its competitor the nyse, up to its highest price since march. what. >> reporter: expectations for the nass-- nasdaq. >> the five year analyst expectations are for about 7% growth rate. that's moderately better than the s&p 500 growth rate of around 7.3%. so that's reasonable growth and you have a business that results in operating margins lately of about 23%. >> tom: sounds like maybe there is some value there. the cme a competitors with the intercontinental exchange saw a sell-off, lowest price since august. a big part of their business is derivatives. does this competition perhaps begin to bring down expectations? >> i believe that that was more of a reflection, it could have been a reflection 69 disappointment of the cme not being involved in that, and perhaps not benefitting from those types of economies of scale. that saids, the cme still has a reasonable growth expectation. i think their five year analyst growth accord

exchange agreed to buy our rival the new york stock exchange one of the world's best known the trading powerhouses the deal worth about eight billion dollars will close in the second half of two thousand and thirteen pending of course regulatory approval which in this case is no formality the european commission blocked previous big merger attempts namely deutsche borse trying to buy the n.y.s.e. last year but patrick young of d.v. advisors says this deal is different. the intercontinental exchange the ice is the only really shareholder driven exchange there it's created by a man jeff sprecher and he's frankly been the best manager in the course of the last ten years and in exchange he's driving it forward like a genuine shareholder driven entrepreneur the new york stock exchange on the other hand that unfortunately has as is often the case with a two hundred year old organization it's managed to move itself forward in many ways but ultimately it's stuck it still needs a lot of reform it needs somebody to really get in the ship and i really believe that the ice is management are the pe

new york stock exchange in a multibillion-dollar deal. that is if it gets approved by federal regulators would that mean for individual investors? here with more. bagram back to the show -- tainf individual investors are buying individual stocks or mutual funds. >> i don't think for individuals, jerry, the intercontinental exchange in the futures world has done a very good job of being retail customer friendly. so i don't look for much change in that regard with regard to the new york stock exchange. gerri: to you believe that regulators will approve this deal? >> section 15. it's really just the antitrust issue that relates to the sherman act and the clayton act. and so i don't see a problem with that. the department of justice may want to have all little looks he added. antitrust division looks at these things, but i would not anticipate any problems, and i wish the intercontinental exchange, all the success. gerri: we were talking about this last night with charlie gasparino as you reported, and one of the interesting things he was mak

nobody has not heard of new york stock exchange. so we think just that alone will help open global opportunities for us that ice hasn't -- >> called the combined company the new york stock exchange? >> we don't know what the combine is yet. >> the names. you guys -- >> we did this -- >> put our pencils down about an hour ago. >> gentlemen, i appreciate your time. thank you. jeff sprecher, duncan niederauer, send it back to you you carl. >>> philly fed, existing home sales and lei, breaking news on all three economic reports and the market reaction at the top of the hour. lt minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size

exchange agreed to buy a rival new york stock exchange one of the world's best known trading powerhouses the deal worth about eight billion dollars will close in the second half of two thousand and thirteen pending of course regulatory approval which in this case is no formality the european commission blocked previous big merger attempts namely deutsche borse trying to buy the n.y.s.e. lot last year but patrick young of d.v. advisors says this deal is different. the intercontinental exchange the ice is the only really shareholder driven exchanges there it's created by a man geoff's record he's frankly been the best manager in the course of the last ten years and in exchange he's driving it forward like a genuine shareholder driven entrepreneur the new york stock exchange on the other hand that unfortunately has as is often the case with a two hundred year old organization it's managed to move itself forward in many ways but ultimately it's stuck it still needs a lot of reform it needs somebody to really get in the ship and i really believe that the ice is management are the people to do

york stock exchange cme group. john cortina, what was it like last night? how closely we want to mess with the stock futures dropping precipitously. it's not as bad as it could've been, is that right? >> yes, it's amazing what twitter can provide for you for information. i was at my child's recital and might twitter feed was going on. clearly, we saw a lot about last what happens overnight is that there's not a lot of volume or liquidity. you're going to see that shipped. the volatility in the market. especially that we saw with the s&p. if things like this find a way, i think that's healthy for the market. it's to showing it that yes, we were able to react to it. we put it all together. it seems like the market down its place. big panic isn't there yet. i think what happened on washington is when the republicans said, listen, here's where we're at right now. they were expecting a the sap in the market. now they can say, we told you it was going to happen. look at how the market reacted. clearly, i think we have a

stocks every 15 minutes, nicole petallides standing, stock exchange. really a mix trading day, not a lot of direction. how is volume? nicole: volume at two thirty-nine million shares changing hands, the fear index slightly to the upside, the dollar, same thing slightly stronger, commodities pulling back, gold is the story when you look at the big board because it is down $28 but we focus on these equities, you can see the dow holding above 13,200, one of the names that was weighing in the dow was merrick because of the cholesterol drug, with stock about j. b. holmes growing exponentially over the last 52 weeks. the fourth quarter net was going to fall 44% in that order, we quarters, net profits falling, not good news. stock is down 5% today. cheryl: we will see you 14 minutes from now. is the fiscal cliff face off at this hour, john boehner is pushing for a house vote sometime this afternoon or early evening on plan b. dennis: this as president obama promises save the dough. rich edson live on capitol hill with the latest. rich: this is the backup plan

the noshl stock exchange and nasdaq is closing early for christmas eve. and tuesday, of course, is christmas day. all markets are csedn observance of the holiday. the rest of the week light on economic news. wednesday's s&p shiller index will tell us about b home price changes. and the month of november will be out. >>> earlrlier in the program we told you about the deal in which the new york stock exchange will be acqcquired by the i.c.e. in 1792 24 of them got together and established rules for buying and selling stocks and bonds. the exchange opened its doors in the current address. but as electronic trading came in and volume slowed the new york stock exchange looked for a partner. and now it has one. the deal really the end of an era. that's it for today. anks for jning le. next week, a look back at the stories, the stocks, and the people who made 2012. each week keep it right here on wall street. have a great week, everybody. have a merry christmas. i'll see you next weekend.

every time an exchange like the nasdaq or the new york stock exchange tries to make any kind of merger or acquisition, it's usually rejected lately. >> well, i think what we've looked at is bringing together canada's financial markets under one institution so we can really have a very strong market. now, there are competitors. we have alternative trading systems that are owned and operated by other entities, and a low barrier to entry for new organizations to come to canada. but the reality is that we think we offer the most comprehensive services. david: let's talk about how our regulations might affect your companies. dodd-frank is going to have worldwide implications. >> well, dodd-frank's really important to us. in fact, i've spent personally a lot of time in washington over the last year as dodd-frank -- david: did they accept your input? >> for sure. the cftc, in particular. it impacts us in important ways because as our institutions execute interest rate swaps, they're going to have to be bilaterally cleared. or multilaterally cleared oz opposed to -- as opposed to bilaterally.

let me ask you about the new york stock exchange. not exactly new to you. talk us to about business right now. >> we're repositioning a legendary resort in miami. we also just won the concession to build the old post office building in d.c. so we're going to convert it into a luxury hotel. we're finding very interesting deals. there's not a lot ofly widty out there. there's not a lot of lending happening for large-scale development projects. we're in a good position where we have a lot of cash in the bank, and we're able to take advantage of that discrepancy. >> are you finding deals and taking advantage of those deals as a result of low interest rates? what's the catalyst? a lot of people are worried about fiscal cliff and sort of reluctant to put money to work. why are you so active? >> it's all about appropriate amounts of leverage. you can't borrow a lot, so you have to have the cash to be able to build. when you have a conservative capital structure and you're buying iconic assets in great cities, i think you'll do very well over time. traditionally, t

first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. stocks lower, by the way. here's the new york stock exchange, three stocks trading down for every one trading up. another thing trading up a the vix index. it's 20.18. the vix has traded below the two decade average, and that's not happened this month. we broke that trend. we have an uptick in the vix now. adam, back to you. adam: the question of the day, are we closing in on the d

a blockbuster business story about the stock exchange. how the new york stock exchange has just been -- has just been sold. how the economy will be affected. >> reporter: 36 people forced from their homes just days before christmas here in san francisco. we'll have the latest on a fire investigation that sets a -- that sent a firefighter to the hospital early this morning. >>> stocks down slightly this morning uncertainly about the approaching fiscal cliff just days aa -- away, not helping. the government said the u.s. economy grew 3.1% over the summer, higher than the estimate of 2.7. the number of americans applying for unemployment benefits rose slidely -- slightly last week. the dow is down 7. the nasdaq is down 3. s&p is flat. >>> the big news, the owner of the 220-year-old new york stock exchange agreed to sell euronex for 8.2 billion to a competitor. the buyer, international continental exchange, is based in atlanta so the company -- the new company will have dual headquarters in new york and atlanta. >>> and existing home sales ju

nicole petallides on the floor of the stock exchange. nicole: we are not too far off of session lows, down 142 points, what do you think? you are starting to think inside washington is a breaking down. >> there's always the inside game and outside game and for two months you could tell what was going on, they would come out and talk to their constituencies where republicans or democrats but not saying anything bad about one another and also sending messages that the talks were going well inside. i am starting to see that break down so the inside game is starting to break down and you saw that with the first shot out of harry reid effectively calling john boehner a dictator. when you see that kind of backbiting going on and start leaking documents and if you see that forget about any detail before monday. nicole: let's get down and dirty in washington. our markets have been suffering since december, we have seen a lot of down arrows. is this likely to continue? >> i think it will. the margin is reacting to the headline. we have given ever

the new york stock exchange and nasdaq closing early for christmas eve. and tuesday, of course, is christmas day. all markets are closed in observance of the holiday. the rest of the week light on economic news. wednesday's, s&p case-shiller index will tell us about home price changes. and new home sales for the month of november will also be out. >>> earlier in the program, we told you about the deal in which the new york stock exchange will be acquired by the i.c.e. now history. in 1792, 24 stock brokers gathered under a buttonwood tree at 68 wall street. they established rules for buying and selling stocks and bonds. the exchange open stores at the current address in 1903 and dominated trading throughout much of the 20th century. as electronic trading came in and volume slowed the new york stock exchange looked for a partner. and now it has one. the deal really, the end of an era. that will do it for us today. thank you for joining me. next week, a look back at the stories, the stocks and the people who made 2012. each week, keep it here where wall str

the northern stock exchange euronext in talks to sell itself to intercontinental exchange. both stocks are halted this morning pending news. we're going to bring you any developments as they come to us. plus, at the top of the hour, steve forbes, of forns media, he's going to be joining us for the remainder of the show. we're coming right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example

at the new york stock exchange. we have seen upside down this today, but look at what happened to oil. the huge jump in oil, up

jane king has more live from the new york stock exchange. >>> what kind of raise are you getting? >> maybe none. looks like american airlines and us airways closer to /ger, sources telling bloomberg teams from each carrier discussing how to combine departments. a decision on this could come early next month there's a meeting in early january we could have find out more then. google shares getting attention, agreeing to sell motorola home business worth more than two billion dollars another deal involves the -- company that owns the new york stock exchange is selling itself, intracontinental exchange is specializes in energy and commodity futures trading has acquire to acquire in a deal valued more than eight billion dollars, nyse shares up 3% for so, interesting the stock exchange is 2 20 years old, the company 12-years-old. overall the markets looking a little lower report on december home sales in a few minutes. bloomberg index looks like it is trading didn't half percent overall markets a little lower across the board. are you getting a pay raise? one of your colleagues may be

toe biggest sale today at the new york stock exchange was the new york stock exchange. the institution, nearly as old todhe united states itself, was sold today for $8 billion. esd here's senior business correspondent anthony mason. >> reporter: a 220-year-old financial institution is being bought by an upstart kid of a company from atlanta, the intercontinental exchange, or ice, a derivatives trading firm founded only a dozen years ago. an icon of american capitalism since 1792, the new york stock exchange long dominated the financial landscape, but the big board has seen its influence erode in recent years. how long did you work opt floor here? s. 30 years. >> reporter: 30 years. when veteran trader it ken polcari started on the floor in ade early 1980s, that he was one he eome 3,000 traders. >> the energy that was in the building, that really drove kind of the personality of the place, ite market, the excitement of it. >> reporter: today, the floor is considerably quieter as electronic trading has eliminated the middle man, the number of traders has dwindled to fewer

ashley: time for stocks as we do every 15 minutes. look at the new york stock exchange. nicole: let's take a look at apple. a few tech movers on a daily tech heavy nasdaq composite is doing well, one and a quarter are sent. everybody remembers apple, try not to think about that if you're long on the market. saying they're receiving orders 300,000 units of the iphone 5. recently projected numbers for the iphone activations to 8 million units up from 7 million so that is good news for the fourth quarter. texas instruments had some accounting for the full cost of the exit for the mobile chip market. expecting earnings to be $0.05 to $0.09 per share down from a previous forecast but those are some tech movers we continue to watch. really is an area that has been weak over the last couple of days has really turned it around hoping toto lead this market. ashley: thank you so much, appreciate it. what are the top three countries to invest in right now? not italy, i can tell you that. one global investor shares his pick next. tracy: the food and the love is still better there. a

dennis: stocks now as did every 15 minutes, nicole petallides on the new york stock exchange. nicole: all eyes on washington now discuss the fiscal cliff trying to come to some sort of agreement to make this happen for u.s. taxpayers, americans across the country who are eagerly awaiting a bipartisan decision of some sort end justifies the meeting has brought some optimism to wall street and as result we are seeing the dow up 91 points. focusing on bank of america the top performer on the dow jones industrials. some of the tech stocks are

new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today,

exchange is buying the new york stock exchange for $8 billion in cash and stock. what's it mean for the way you trade? bob, is it going to mean anything to the folks who are sitting at home who are trading stocks or guys and girls sitting on our desk? >> if you're talking about diversified businesses, the nyse and ice is clearly the big cahuna in the room right now. that may have some effect on trading. certainly futures and derivatives is where the world is going. to the extent people are trading that and they can make that business more efficient and stream lined, it does opportunities here. i think it will put the exchanges back in play. for a year and a half they haven't been in play because regulators have squashed a lot of these deals. singapore and australia was squashed. i'll tell what you is really interesting. they haven't named the company yet. the big question is are they going to keep the stock trading business, which hasn't been doing well. if they call it consolidated trading or international global exchange, does not have the word nyse in it, that

there's some of the new york stock exchange activities including one stock of great note today. best buy, david favor reporting that the company has given

go to lauren simonetti at the new york stock exchange. word the meeting is underway, and the dow, down, well, triple digits, now now 89. i have a feeling we don't hear anything until the market's closed. what do you think? >> i have a feeling you are right. we tested laos, moments ago, down 100 points, but for the dow, 109 the low. it's the final hour, always very volatile as of late especially. you talked about barnes & noble and weakness in the nook business. talk about the finished hand set maker, nokia and weakness in the phone business. a lot of the smart phones just hit the market with $99 price tags, and now the "wall street t journal" found they sell for $99 on amazon.com. after christmas, it's $39. you can get the lumia822 for free at verizon wireless with a new contract. i don't know what that says about the phones, but the stock is not liking it. nokia stock down nearly 3.2% now on the day. it's one of the biggest losers back to you.world. ashley: thank you so much. well, we are a mere trading day away from falling off the -- c

, pointing out nasdaq and the new york stock exchange, people own the stock, important story, but it's hard for them to grow through acquisitions. doing acquisitions has been knocked down by regulators. new york stock exchange couldn't buy because of the european regulators. >> it's down, and nasdaq up nearly a percent. >> interesting. they could not do the bid because of hostile regulators so they do purchases around the core, and buying this hot spot fx, and ecn, a market maker for foreign exchange, and it's a market maker that does it electronically. that's what nasdaq would like to have. it fits in the model. nasdaq is a market that matches buyers and sellers with stock through the computer system. guys on the floor and computers on the floor. that's why nasdaq is interested. very much in the business model. iim sure a lot will be interested, but nasdaq realliments it. -- really wants it. they know what to do to build out around the core. remember? they can't do big deals. this could make money for them. i'll tell you this, knight has been trying to build the business up over the l

dennis: at the top of the our stocks every 15 minutes but nicole petallides at stock exchange, we are a 75 on the dow. nicole: not bad at all. dow jones industrials above 13,300 so they are feeling pretty good right here, december has been a pretty decent month. we see financials jumping, many of them over 10%, names like morgan stanley and banc of america and citigroup switching to the upside, december traditionally is an up month, the best performing month for the s&p 500 when they trekked to the 1950s and we are watching every headline from washington. rich edson will delve into a more. the hope of solving the fiscal cliff helps this market so every time we get closer to what we see an up arrow and when we see how far apart they are we get down arrow that is certainly the worry on wall street, right now you see the dow, the nasdaq and the s&p posting up arrows and the nasdaq and s&p over 1%. cheryl: we will get details from our commentators coming up. breaking news, details are coming in fast and furious in the last hour of markets now, the white house moment the rejecting john boe

nicole petallides on the floor of the new york stock exchange. nicole, lots of cuts for pandora today. >> we were watching pandora yesterday late after the bell and came out with quarterly numbers and quickly the stock began to sell off. that has translated into today the action you are seeing. you will see down arrows right here. it has been down over 20% like it is right now. it is down $1.91 to 7.54. this is outlook giving well below the analyst expectations. they're seeing a loss in the fourth quarter. they're talking about full-year guidance that will be below the analyst expectations. revenue that is also not, not stellar and certainly not meeting what wall street had been hoping for. as a result, pandora media is really tanking today. shareholders can not be pleased with a loss of over 20%. back to you. lori:. melissa: no, i would say. nicole, thanks so much. lori: great scott! the could this be the taxi of future. two designers putting their twist on what new york city cabs could soon look like. melissa: i love it. lori: designing them in

adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a little bit of an understatement. democrats say they want a commitment from her republicans. basically, we are in the same spot. here we are at the 11th hour and the president still is not.

intercontinental exchange is looking to buy nyse, the parent of the new york stock exchange, an $8.2 billion cash and stock deal. it's known as i.c.e., it operates as this electronic exchange and trades futures and over-the-counter energy and commodity contracts. i.c.e. has other exchanges looking to buy the nyse is trades in other things different from what's traded here. they trade crude oil, natural gas, and they've even expanded their activities into softer commodities like cotton and sugar and coffee, so you're seeing sort of something new being thrown into the mix. as we speak shares of the nyse are surging 35% in the premarket. remember the nyse euronex is a public company and you're seeing these shares surge, carol, because the deal values it at $33.12 a share, that is a premium of 38% over wednesday's closing price, the actual trading of stocks. it's been overshadowed by derivatives and options. that is i.c.e.'s territory. when you see the marriage territory it's well thought out. it's an iconic brand, a way to leverage all of that with something new. i must add we did speak

david: let's go to nicole petallides at the new york stock exchange. it was that talk about coming back on sunday, maybe working through new year's eve and new year's day that moved the market. nicole: we started off to the upside. we were slowly moving lower. we were down about 150 points. and we just stayed there. we were stagnant. all of a sudden, the headline crossed, that they were going to be working on a sunday at 6:30 p.m. and the market began to shoot back up. if you didn't think that wall street and washington weren't tied together, today you know for sure that investors are keyed in on washington. shibani: we're also watching four big retailers, great piece in the "wall street journal" today calling four retailers on a do-or-die mission for 2013. do they do-or-die a little bit today nicole? nicole: we have seen a lot of retailers under pressure. certainly they didn't do so great today. many of these names when we talk about them, they have had a tough year 2012. they really are do-or-die. you talk about management, talk about competition, yo

jane king is live at the new york stock exchange. tell me! >>> good morning. believe it or not california stands a good chance of becoming the nation's top oil producing state within a decade the government sold leases covering 18,000 acres last week, occidental amid the dominant bidders analysts forecasting a california "renaissance. stronger open this morning, slightly, s&p a little lower, optimism over the fiscal cliff, a lot of caution as well as you can see. bloomberg index is a little higher. with college tuition skyrocketing more families are considering community college to save money forbes broke down the best paying jobs for community college grads, air traffic controllers top the list with six figure median salary. other high paying jobs dental hygienists radiation therapists and registered nurses. seasonal work at the local mall as the mall's santa, can pay handsomely, top level santas can earn over $100 an hour. live at the new york stock exchange, i'm jane king. >> [ inaudible ] >> what makes a top level santa? >> your own byrd. >>> santa suit so

>> [ unintelligible ] len is live from the new york stock exchange. >>> good morning. if you -- if you happened to see the hobbit this weekend, not alone the first of the three movies, was the top grossing film in the u.s. and canada for a second weekend over 36 million dollars in sales. speaking of sales, let's talk about gun sales. we know enthusiasts are concerned president obama is going to be behind an implementation of new gun control laws which would make it harder to get a weapon. folks have been flocking online, weapon sights with which matches buyers and sellers, some sellers require a background check most do not. that's because federal law does not require it for guns sold privately. let's look at what is happening in the markets. 19 minutes into the trading session, declines today, that going to add to the losses friday bloomberg index lower and the backdrop is what is happening or not in washington. get this, new tax established by affordable care act on medical devices from syringes to pacemakers may cause manufacturers to dodge requirements they registe

nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december 24th. there are kids running around here. it's a very random day on wall street. the traders will get together and sing the traditional song which represents hope back in the early 1900s. some names are weighing heavily here on the major averages. a couple names squeezing out gains like alcoa and home depot. let's take a look at the retailer jc penney. you do see it doing particularly well here. oppenheimer has talked about the fact that there's traffic. there's people going into the stores. they are doing a lot of promotions over at jc penney, and that's actually helping them out. a lot of kids here today, obviously, on a day where we're waiting for the big holiday. all right. there you go, merry christmas everybody. dagen: thank you, nicole. dennis: president obama and house speaker boe

nicole on the floor of the new york stock exchange. you're zeroing in on hewlett-packard which a dow loader. >> a leader. it is the number one performer right to your point, lori. we're seeing techs do very well. and hewlett-packard is the best performer in percentage terms on the dow jones industrial average right now. we saw it jump earlier in the day. you see that intraday chart that is two day chart that shows the big pop. that is all because the rumors started flying on twitter that billionaire investor carl icahn was stepping in and building a stake into this tech company. so the question is, this beleaguered tech giant, right, that has the backing of carl icahn and what will happen soon? so what will happen? that is why everybody is jumping on board. that is the action. you're seeing it up 33 cents at the moment. don't forget hp sunk to 10-year lows not long ago. last month as they, they made an acquisition. remember the acquisition of autonomy they had to relook at and turned out those numbers weren't what they thought they wer

nicole petallides on a floor of the stock exchange. nicole: here is somebody who's said washington was factored in to a certain extent. right now 85 points is not a bad day. >> fiscal cliff, fiscal goal, begging you to buy stocks and that is what you have to do, only place you can get any yield. nicole: we are looking at stocks that can be beaten down and the action we have seen from the fed making easier to buy stocks? >> as long as interest rates are zero, and you will see that going until the end of the year once we get through the tax mess with year end selling and this year we will see a real pop and a true january effect. nicole: apple, we have seen it move around a lot. what is the broadbased feeling on tech and apple? >> i love the stock but quite frankly, reinventing the wheel, you can't short company's agreement of the wheel all time. tracy: okay. nicole: there you have it. giving us some insight into this market. not bad so far. ashley: hanging in there. thank you very much in 15 minutes. nicole: tracy: service capital manag

time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales grew. in 2011, sales for that period of time grew 2%. they are using that as an indicator that things will not be as good as we thought going into the holiday shopping season. on monday, shopper track indicated a

i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing in the plus column with a gain of six points, and the s&p 500 up about eight points, one-half of 1% at 1433. closing in on the fiscal cliff deadline still with no deal in sight, let's find out how you should be investing in the face of the fiscal cliff fiasco. we want to dig deeper into the nyc/i.c.e. deal as well announced today, that it means for you and the global exchanges. gentlemen, welcome. thanks soechg for joining us. >> thanks. >> thanks for having me. >> let me kick this off with you in terms of the fiscal cliff. give me your strategy, deal or no

nicole petallides on the stock exchange with the good and bad in social media stocks. nicole: i liked when you said in satiable demand for bandwidth and it is true because it is hot. let's look at the zynga and yelp. let's start with zynga. of the nose zynga, whether you love it or hate it, the truth is you have an up arrow for zynga because they are working closely with nevada in order to secure nevada gaming rights so that will add to their revenue. there is the stock, up $0.16, a gain of 7% at $2.47 a share. then we will take a look at yelp. it turns out a homeowner, actually gave a scathing review and not a good one about contractor accusing him of damaging her home and telling her that she has got to take parts out and questions freedom of speech and judges are involved and basically questions of the value of the whole thing altogether. if you can't have realistic reviews. there is the stock on yelp which is down 4%. liz: i can't even look at yelp because every review looks like somebody has a bone to pick or there is a competitor or something. thank you very much

friday is the last trading day of the year for the tokyo stock exchange. a special guest will ring a bell to close the market for 2012. this year saudi yoshida will do the honors. she won a gold medal in the olympic games in women's wrestling. i'll have more business news for you in the next hour. here's a recap of markets. >>> a gunman has ambushed four firefighters in the u.s. state of new york. the attack left three people dead, including the alleged shooter. police say the firefighters responded to a house fire around 6:00 a.m. local time in the northwestern town of webster. they say a 62-year-old gunman exchanged fire with police officers. the gunman was found dead five hours later. police say he committed suicide. they believe the man set fire to his house and car to lure the firefighters. he then ambushed them. the alleged attacker spent nearly 18 years in prison for murdering his grandmother. he was banned from possessing guns. the shooting forced the crew to slow the attempt to fight the blaze. the fire spread to 7 nearby houses, burning them to t

the volume or selling of large stocks and private exchanges. witnesses include the sea 00 of the year rednecks stock exchange. live coverage starting at 9:00 on c-span3. >> one of the things that did surprise me a little, i did not conduct a nationwide survey of gun owners but among people with guns that i talk to, very often the reaction your way of thinking before and after you have a gun is very different. i think in the law-abiding gun owner realizes when he has a gun that it is a huge responsibility. if you use the weapon irresponsibly or wrongly, you could get yourself into legal trouble in cause unnecessary misery and death even to people you did not intend to do harm to. it makes you very careful or should make you very careful. for most people it does. i think it would pay -- make people more careful if they had to pass the test before they get a license to buy a gun. >> former new york times editor, critic whitney, on the history of gun ownership and gun-control in america. -- craig whitney. of non- four days fiction offers raker chri

we go live to jane king at the new york stock exchange with more on how stocks are doing this morning, plus u.s. >>> welcome back. 6:44. radar across the state, a few sprinkles especially los angeles and san diego, going to be mainly cloudy today, mid 60s there. more sun around palm springs and 77. central valley coolest at chico 59, mid 60s sacramento and fresno high clouds and sun, tahoe 47 today, mostly cloudy, talking to sue she said you need chains on 88, 50 and 80 are fine. yosemite 50 today under a partly cloudy sky. next weather system staying up north most of us will be dry other than sprinkles around l.a. and san diego. >>> time to check in with josh for what is coming up on "good morning america" at 7:00. >> josh good morning. you guys have calmer weather morning. all straight ahead right here on "good morning america". >> that's awesome she is there i don't want to know what's -- what's in lipstick. i'm sure lara feels the same way. >> tastes good. whoa! >> it is a family program. >> i'll take your word for it rick. >> all right josh. >>> just getting word from the supreme