Least 29 deaths across the eastern seaboard. This is a deadly storm and damage estimates are right now up to 20 billion and could rise. Nearly 8 Million People from the carolinas to ohio, 8 million without power. President obama held a Conference Call with governors and mayors in affected area after declaring several states federal disaster areas. The president canceled all Campaign Events for the third day. Within the past few minutes we got word that the president s travel pool was told to gather at white house, which means the president is going to do something. However, we do not know what that is yet. According to our nbc news team at the white house. And governor romney also canceled rallying today, but he did attend an event in ohio. His campaign describes it as a storm relief event. Ive had the chance to speak with some of the governors in the affected areas, and theyve talked about a lot of people having hard times. I appreciate the fact that people aat dayton got up this morn
10month high. Mashlgts are chasing histories this morning. Dows within 79 points of an alltime intraday high, jim, looks like we might get it closer to the open than some thought. Its interesting. Its the makeup. The makeup is extraordinary. It is completely trumprelated. This expansion in the banks is not just because of regulation, but its also because of Interest Rates going higher but also because people feel loan growth is going to be better, people feel lower taxes. So that group is a leader. That group has been when that group leads, carl, thats a freight train. Its always been a freight train. One remembers the 9192 come out of recession led by the banks, led by bank of america, what you saw there was a juggernaut. And those who said, hey, that cant last. Well, theyre not in the business anymore. Everyones weighing in. Icahn with wapner yesterday. Donald trump this morning saying he sold all his gold. Hes long the dollar. Long materials, short u. S. Bonds, short italian bonds.
Public transportation has been halted as Munich Police urge citizens to find a safe place and acrowd public spaces still. Well bring you latest on all of that. David meanwhile markets didnt seem to be affected at all by the munich attack. Dow back in the green. Phil flynn, price business futures and fox news contributor. Watching action in oil and gold from the cme. Nicole petallides from the floor of the new york stock exchange. Nicole, s p 500 hitting a new record close. Wasnt there any concern what was happening in munich . Very interesting. Traders were watching very closely, dave. They keep that in mind. Just like the last terror attack we noticed that the markets decided to put aside worries and concerns. While they kept focused on it, they didnt see big gyrations in the market. S p 500 closing at a record. It really is close. The number was 2173. 02. Its a point above that level. There is intraday chart. For the week all major averages are higher. We saw nasdaq in particular as
Three weeks left to reach a deal on the fiscal cliff. Lawmakers from both sides hit the sunday shows to late out the latest battle lines in the fight. On meet the press, the number three House Republican reiterated that any new revenues should come from closing loopholes, not raising tax rates. The president wants the rates to go up, that doesnt solve the problem. If the president is asking for higher rates, hes asking for more revenue. Most economists agree the best way to get that is through closing special loopholes. On the same program, Number Two Senate democrat, dick durbin declared that if the country does go over the fiscal cliff, theres only one party to blame republicans. I can tell you i dont want to do it, the president doesnt want to do it but we need to solve the problem, we cannot allow the reckless position to drive this economy into another recession. A recession which the republicans will own. Joining me from the white house, nbcs Mike Viquiera. Mike, it sounds like t
Shutdown that distracts from obamacare and might kill him in november . We have one republican senator who says hes still undecided about hes going to vote. Were going to talk to him live. Maybe well make some news right here on the program. And finally, stocks still worried about a tighter fed that could block a christmas rally. All those stories and more coming up on the kudlow report beginning right now. Good evening, im larry kudlow. This is the kudlow report. Were live here. Its 7 00 p. M. Eastern, 4 00 p. M. Pacific. The first deadline is approaching. We are now ten days away from the deadline to objetain covera by january 1st. But Insurance Companies will start covering individuals whether they have paid, enrolled, or not. So why wont the Obama Administration just swallow its pride and delay the individual mandate altogether . Here now we talk to democratic strategist Chris Kofinis and Manhattan Institute senior fellow paul howard. Gentlemen, welcome back. Scott, let me begin wi