Higher today. Nike, a familiar name we all know. A lot of people know the bags, theyre actually selling it off to the Apex Partners 570 million. They raised their quarterly dividend. Back to you. Dagen thank you so much, nicole. Beginning negotiating ways to avoid the fiscal cliff. Time is not on their side, were joined by congressman from both sides of the aisle, from colorado and equally fine wisconsin represented by democrats. Good to see you. To you first, there is discussion of stories in the wall street journal today about change to be sequestered to get rid of it and instead of that, put in place spending cuts and tax increases getting us six months into the middle of next year. I want to hear from both of you. You agree with a temporary measure to avoid the Big Decisions that need to be made. The answer to the fiscal cliff reaching a longterm deficit deal, now we need to let the political dust settle. There is a way to listen together and find some common ground. 80 ceos gave t
Leading the effort to mediate a ceasefire between the two sides. Fox news now reporting therefore part in their demands. A truce will happen maybe never. The Prime Minister of turkey earlier today accused israel of being a terrorist state. President obama reportedly making nearly daily calls israeli Prime Minister benjamin s. Nonetanyahu meeting restraind while he demands israel meet his conditions. The president , mr. Obama, chosen this difficult moment to pit to embark on a 48 visiting burma, thailand and cambodia turn the foreignpolicy from the atlantic and mediterranean to the other side of the pacific ocean. President obama cited what he called a diplomatic courtesy as he referred to burma as miramar. Not the official u. S. Name for which has long been burma. The president met with cambodian strongman, the onetime communist who has held power since the mid80s. This is the first ever trip to cambodia by a sitting United States president. As the president continues his tour through
I am ready for the next four years because i have my crystal ball i will see what happens. First pundits will scream about the fiscal cliff a series of tax increases going into affect january 1st unless they work out a deal. They will. I can see it. They will meet, press conferences and predict disaster then reach a deal. It will not solve much but then the media will move on. America will continue to go broke. If i too cynical . And no. Worse than that says congressman ron paul. Predict the future. The future looks good people know that what we have today is not workable but shortterm the people will not admit were bankrupt or on the verge of a major major change in our society. But they will destroy the dollar were reinforced to change our system of financing. It could be big. Not quite as bad as the soviet system but changes are to com true bankruptcy means we cannot maintain the empire around the rolled and entitlements 220 trillion so we need to face reality. Dont expect solutions
Im not really buying that. When the people behind that report is here to disagree with me. Even when they say it is not, it is always about money. All right, lets take a look at the headlines, fed chairman ben bernanke warning of dire consequences if we go flying over the fiscal cliff, bernanke says failure to make a deal could trigger another recession. He also says the fed does not have the tools needed to stop another downturn. And theyre calling it the largest Insider Trading case ever. Sec charging him with conspiracy to commit serious fraud. Reporter made 276 million in illegal profits after receiving a tip from a doctor about a new alzheimers drug. Hewlettpackards taking a dive today in a shocking report of fraud. We will have all the details here in just a moment. But first our top story tonight, the fighting between israel and hamas continues. Senator said Hillary Clinton met with diplomatic leaders in egypt today to help broker a ceasefire but that did nothing to stop more mi
Is always about money. All right, first lets take a look at the market headlines. Modest gains in the last day of trading before the thanksgiving holiday. Citigroup announced it will be closing half of all their branches in greece. The banking giant says a security measures are hurting their business. A federal bankruptcy judge has officially approved Hostess Brand plans to wind down. The ruling spells certain and to the hostess bakery. The twinkie will come back. Ending the violence for now. Even though it intensified when word of the troops was first announced. Earlier today terrorist blew up a bus in tel aviv injuring 30 people. Tensions boiling over. If the ceasefire does not hold and israel goes to war, the Global Impact will be felt here in the u. S. Joining me now in a fox business exclusive is Senior Advisor to the mayor, thank you for being with us. I want to get right to it. A ceasefire is good news but what is your take on it . Is quite interesting because since the ceasefir