Kudlow style. First up tonight, stocks look very optimistic today. The dow gained 208 points. The s p 500 surged by 20 points. Lets go to liz saunders and brian, the cofounder of shelter capital. Welcome back. I want to quote you from my pal and your pal who said on the air this morning on cnbc that if we get a resolution of if we extend tax rates, jeremy said the dow can hit 17,000 next year. 17,000 next year. Liz ann, i ask you what do you make of that. Im wearing the. The i do think that the market would react. A true sign that we would have a compromise here. What do you think about 17,000 . You and i havent talked in a while. Is such a thing possible . Yes. Dont ask me for a time frame but i think its certainly possible. I think when you think about how this rally has been for three and a half years and many of the participa participants have been sitting on the sidelines. It is, in my mind, easy to envision in light for evaluation. But i think we have got some short term things t
Israeli air strikes continued in gaza. This is video of secondary explosions when an hamas weapons depot was hit. Michelle carusocabrera, our chief Foreign Correspondent is watching reaction at the nyse. Michelle . That pushed the dow to the highs of the session. The announcement of the ceasefire got us another 25 points. We have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points,. 4 . President obama reportedly just spoke with israels Prime Minister benjamin netanyahu. John harwood joins us now. John, what can you tell us . The white house had a lot at stake here by sending Hillary Clinton to try to get this resolved. Reporter absolutely. And this is the result that president obama had in mind when he sent Hillary Clinton from that asian trip that he was on to try to broker a ceasefire. But its only a ceasefire. It is only one step. There is a long way to go. The administration of course is caught between support for our traditional ally israel
Without the signature of a judge. This week hostess now back on the chopping block. Are the unions trying to ruin the holidays and the economy for everybody . First up this evening tonight fed chairman ben bernanke gave a warning fix the fiscal cliff or we are headed for a severe recession, so far, no concrete proposals and i have to ask again, are we headed for a stalemate or can we find an economy saving Common Ground. Lets talk. We have abigail disney. Well have a sudden fiscal cliff . I worry about the damage that mighting done in fixing it. You dont think the tax increases that could come at the end of the year and the spending cuts of less 100 build, you dont think those would in deuce a severe recession and everybody on wastreet . They are not that big of rate increases so far. Welcome to the show and what would you do about it . They are proposing letting the bush tax cuts stand for everyone because the top 2 . If you raise them and closing the interest loop hole, fixing the es
Underground stepped from darkness into light. [cheers and applause] if ever there was a story with a happy ending, this was it. [men chanting] but when we visited the miners several months after their rescue, we found many were struggling. For example, alex vega was building a wall around his house, though he couldnt explain why. On march 11, 2011, japan was hit by a tsunami that rewrote history. It was triggered by a 9. 0 earthquake that helped set off the Biggest Nuclear emergency since chernobyl. This is unprecedented, you know, uncharted territory, that the consequences could be greater than we expect. Welcome to 60 minutes on cnbc. Im morley safer. In this edition, we look at the effect of three disasters the massive 2010 Gulf Oil Spill, the chilean mine collapse that trapped 33 miners underground for weeks, and, in 2011, the massive earthquake in japan followed by a devastating tsunami. We begin with the bp oil spill and Kenneth Feinberg, the lawyer who is the goto guy for thankl
Palestinians. The death toll in eight days there up to 137. The secretary of state Hillary Clinton is finishing up those direct talks this morning with the Palestinian Authority president Mahmoud Abbas. Thats happening in ramallah on the west bank. And netanyahu, the Prime Minister, in jerusalem, another conversation shes having. Now she goes to cairo where shes meeting with the egyptian president mursi. Mrs. Clinton making it clear that she is not interested in a quick fix in gaza. The goal must be a durable outcome that promotes regional stability, and advances the security and legitimate aspirations of israelis and palestinians alike. Cnn reporters flanking the middle east today to bring you the most comprehensive coverage of the crisis in gaza and in jerusalem and in israel. Ben wedeman is in gaza city. Frederick pleitgen is in ashkelon city. We begin with sara sidner at the scene of that bus explosion that happened just a little while ago in tel aviv. Sara first of all describe fo