Economic data, down just a little bit in the red today, down 22 points 37 yeah, it is the first trading day of the new month. December, a strong month historically for the stocks, but theres a push and pull going on between Market Forces and the Economic Data, and were in the red across the board, relatively flat this monday morning. The data, u. S. Manufacturing activity last month lowest level since the summer of 2009, but then we got a Construction Spending report that was good. In october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed novembers estimates, but ford beat them. Thats the data and push and pull among the markets, back to you. Lauren, thanks so much. 12995 where it ends, nobody knows. Take a gamble. Talks in a standstill, Timothy Geithner blaming republicans saying they have to raise taxes in order to avoid going over the cliff. Rich edson in washington with the latest, rich . They are stuck on this offer, which the white house says is less of an offer and the same position the administration staked out in its jobs bill and deficit proposal over the last couple years. Half trillion in tax increases or trillion and a half in tax increases, 600 billion in spending cuts, more spending, and a permanent increase in the debt ceiling. On fox news sunday, boehner called that deal a joke. Just flabbergasted. I looked, and said, you cant be serious . I just never seen anything like it. We got seven weeks between election day and the end of the year. Three of those weeks have been wasted with the nonsense. Okay. You heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. Thats hard for republicans. Runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they started. Still, aids say its early to be moving to an agreement with plenty of time for each side to extract the best deal possible before selling it to the parties and selling position to voters. With that, president obama is hosting a twitter questionandanswer next hour. Back to you. Signs on for that. Rich, thank you. Time is returning out on the fiscal cliff, and the next guest thinks theres a deal brewing, optimistic. Thats david, advisers chairman and chief investment officer. What do you think is the key to getting a deal done . Do you think somethings brewing . I think something is brewing, melissa. You heard mcconnell use the word revenue, new, had not heard that in years. Maybe hes going to go to a wedding, i dont know, but we got his attention. Revenues. All of the sudden we all know revenue means a number of things, and if can be code for closing loop loopholes and deductions, and not actually raising the marginal rate. As awless, devra davis in the detills, and im not sure they are closer to the devil at this appointment. We wont get close to the devil until december 31st at 11 59, and we may go over, come back, and bounce from the cliff. Thats what it takes. Its ow system. Its a rotten system. Its the one that we have. All of this posturing, boehner and geithner, this is going to go on. Yeah. Neither one will publicly give an inch until the deals made, and then theyll all praise themselves for being heroic. Thats probably true. In the mean tile, though, the rest of us have to protect our assets and make plans, and, i mean, apparently these guys dont have to pay bills or worry about the credit card rate, but the rest have to deal with the things on a regular basis. How do you protect yourself as they try to work out the problem . Well, i think the issue is this. I have clients who dont know what to do. Get out of the market and sit on the cash. If the client sighs i want to do that, i let them. I dont argue because there are morons in washington, what can i do . If they say, what do you think . I say, low income rates, economy recovering slowly, housing coming back, if you stay through the turmoil, youll have higher markets after its over, and maybe much higher so my view is yoo stay invested, broadly diversified, etfs to do it. You had me until much higher markets on the other side. What makes you think that . As an investor, it its a higher tax, straightforward math. If you raise tax on dividends and capital gains, makes stocks less valuable in the long run, a less appetizing choice. You mentioned housing on the way back. Holding assets for a long time, buy housing, gold stocks, something to sit . Well, you have a diversify, and stocks are under owned, one. The Monetary Policy is predictable for years, and its a low, low Interest Rate so now you say what are the relative choices . Go by a high grade tax free bond, 3 interest. I can buy stocks, a 2 plus dividend, could tax higher, but the dividends rise. I can get into a market cheaply if i believe earnings grow over time, say, the rest of the decade. Thats my time horizon. For me, that works. Ill let the politicians knock themselves out. They are all worth lest. What can i do about it . They are. And on that note, always a pleasure, thanks for coming on. Thanks, melissa. Oil just off a two week high here, a pair of reports show how the Manufacturing Sector does around the world contracting ii the u. S. Not good after two months. Phil flynn joins me now from the pit of the cme wflt latest, phil . 90 a barrel for the first time in three weeks. That was a big move there in the oil market. Pulled back a little bit. The key thing is looking at china, the oil demand terrible all summer. Started to rebound in september with a record high for amount of demand demand. In october, they hit the third highest month on record for demand, a Strong Manufacturing number means, of course, that oil demand could be another record this month into december. This is the high demand period in china, very, very supportive for the market. That doesnt matter. If the u. S. Is in recession, if the informerring sector falls off the cliff, that lowers expectations, and temper the increase now, but from the big picture per specttive, a rebound in chinese manufacturing probably means a rebound in crude oil prices in the coming months. You know, phil, its warm here in the northeast. Unseasonably warm, actually. Natural gas up for the first time in four sessions. Just jiggering here . Whats causing the jump . Well, forecast says we might be in warrant winter after all. Forecasts could colder. Im not buying it. We rallied weeks ago because it was to be cold. Were sweating in chicago. The Natural Gas Market is in trouble, not just because of the weather, but new pipelines opening this month from north dakota, feeding more into storage in the next couple months, very difficult to overcome that unless it gets cold real quick. Yeah, i dont know which im rooting for. Skiing or warmth. [laughter] there you go. Im going to go for warmth, but youll go for skiing knowing you. Yeah. Phil, always a pleasure, sir. Thank you, guys, thank you. The president facing the biggest challenge yet for a move to near absolute power. The late eas the countrys judges, newspapers, and tv networks all fight back. Boy, anyones guess where the points, below 13,000, but medals, i blew the break, gold, silver, copper moving higher. Were back after this. You know what that means, Charles Payne joining us now with what you need to know to make money. This hour, stocks solidly in the green today. Good picks talked about before. Absolutely. The theme, like 70s action. Very action. Something like that. Two weeks ago, we talked about deckers, those ugly uggs, stock exploded, up 23 in two weeks. If anyone did it that day, and what i would do, take profits on half and use trailing stop now, 40s to stop. Thats a big move in a short period of time. What else other than uggs . I think they have thats right. Other things, but thats the big moneymaker for them. Theres another beaten down stock thats high risk, but could be huge. Diamond foods, okay thats what its about; right . Everybody knows the brand. Kettle chips, pop secret, but management is horrendous. Absolutely horrendous. Got rid of the ceo, took back 3 million from the guy and restated numbers. They lost faith. The stock probably will never get back to where it was. They never regrain it, but alltime high and where they are trading now. The dilemma, rather, is spending, advertising. Pull out spending, and, of course, they lose market share, but mar gyps are better. Thats a delegate thing for them. Products, emerald breakfast to go. Whats that . A nut and gray granola thing. The other brands are soso, but from evaluation point of view, i like diamond, the volume in the the last three to four sessionsment again, i think, though, you have to be very, very careful with it, a tight stop. A short term play . Well talk about that in the next two weeks. 40 is short. Wall street betting on this thing to go down. No deals or anything like that, but hold course considering the management troubles of the past. Oh, yeah. They just have to clean up the act. Again, every company i watched over the last 25 years with this sort of embarrassment, they never regainedded totally, but, from time to time, trading vehicles. Popcorn is a staple. Pop secret, people love it. They wanted to take over prink les, and people like, can you afford pringles. Those are delicious. Not really potato chips. I love them, but they are not chips. Delicious and salty. What else do you need. All about the salt. Sounds like me fingers. Nevermind, headed in the wrong direction. My goodness. Well, i just ate lunch. Better eating habits. Lauren on the floor, talk about delta. I dip my chocolate chips in chocolate. There you go. I like that. See you guys later. Later. Delta airlines, shares down the airlines are actually down, but up according to the numbers, and this is expected in the space, a little bit of profit taking now. Singapore airlines is in talks to sell 49 stake in virgin atlanta, and reportedly, delta would be one of the interested bbyers in virgin atlantic, second largest carrier at heathrow, after delta airlines, that could be why they are trying to get in. Delta down 2 , year to date, up 21 and the past year, 16 . Back to you. Thank you, thank you. Protests continue in egypt as president morsi opponents are expected to march on the office tomorrow for kris schism of the draft constitution that will be voted on in less than two weeks. Judges said it will not supervise the vote on december 15th. After the draft was quickly approved last week by islamist nominated panel egypts top court forced to suspend to work in crowds, supporters appeared outside to protest. A planned hearing on whether or not the asemibly that approved the draft was legitimate. They are taking offense to limitations in the draft constitution. 1 1 newspapers vowed not to publish tomorrow. A privately owned Television Network plans to go dark all day. Wasnt the arab spring a year and a half ago. Like setting up to do if again. It feels that way. want to seal the deal orn that congressmen that cant get a deal done . Two who Americans Trust the e least. Hundreds of thousands of cars destroyed by the Hurricane Sandy, but automobiles flocking back as drivers flock to the dealership. A view from the showroom just ahead. She keeps you guessing. Its part of what you love about her. 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If you have any dden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or dficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. 1 minutes past the hour, im lauren green with the fox news minute. White house reporting president obama will take questions on twitter at 2 p. M. Eastern time, about the fiscal cliff all part of the white houses my2k Twitter Campaign w9 president drumming up support for taxes on the rich. George hw bush in stabbe condition after receiving stream for a bronchitisrelated cough. The 88yearold has been in the hospital for a week receiving treatment visited by several of his children including former president george w. Bush. The royal family getting a new member. The st. James palace saying they are expecting a baby. The queen and members of the both pams are delighted with the news. The duchess is in the very early stages of pregnancy. Those are the head lines. Oh, thats fun. A royal baby. Yes, thank you, lauren greern. Sure. To charlie, the president must want fat cats to support the plan to end the fiscal cliff impasse. We have the behind the scene meetings between the executives. Caught a lot of people by surprise. It was last week where deputy secretary of state, tom nides, went to the city, held a series of meetings, which senior wall street executives, the two meetings i know about, larry fink, the ceo of black rock, and James Foreman such buddies. Who . You and larry fink. Well deal with that later. Might not be after this story. The ceo of Morgan Stanley, basically broad based talks, dinner meetings. What did they talk about . The fiscal cliff and where wall street stands in in thing, ut whats interesting, i think, is that wall street has it becoming increasingly vocal about these things. You heard them speak up last week, and gorman sent and email to two brokers urging them to force congress to do a balancedded approach, stealing a line from president obama. Whats interesting about the issues is it looks like wall street is now teaming up with the president , despite the fact they supported mitt romney. They are now teaming up eating you, crawling back . Looks like they are forcing they are forcing the issue, and, basically, supporting the president s position on this for higher taxes on those upper brackets. Little bit of background on tom. He was a Senior Executive at Morgan Stanley in a very big democratic operative, a senioo executive, then to be Hillary Clintons number two of secretary of state, and rumored, rumor, its in the wall street washington nexus, that if jack lew is treasury secretary, highly likely if you read the tea leaves, he gets jacks job as the chief of staff. Interesting meeting. This guy is a key player in the obama administration. You know, theres lots of taj about coming back to wall street. He likes it down there, and he likes working there, and that he wants a higher position, and, you know down in wall street or washington . Washington. Washingtons south; right . Of here. Wall streets south of here too. But down, down there. The meetings are about keeping people, i think, in line. We should point out that larry fink is on the treasury secretary short list. You know, i think this is jack lews to lose, so to speak. Thats what people say on wall street. If hes well in the budget negotiations, meaning, you know, basically, jamming most of the president s proposals down the republicans throat, looks like he gets the job. Thats where we are now. Its interesting watching wall street kiss up to the president on this. It is interesting. There is nobody, no economic perp i talked to who really thinks that this is the time to raise marginal taxes, even on the rich, the alleged rich, which really are not too rich if you live in new york and the coast, and not only that, but hits Small Businesses. You have a Small Business raises just enough to run the government for a week and a half or gets us closer to solving the problem. The real issue here is that if you, if you think of fairness, okay, youre warren buffet, you make billions. You will be taxed at the same personal income tax rate as a Small Business that makes 250,000 a year. Thats a great point. And employees ten people. How is that fair when hes calling for fairness and thats the solution. Absurd thing to do right now. True. Great point. Wall street and white house relationship ebbing and flowing because wall street backed romney, now regrouping, obama and the cliff. Its interesting. When you see the private meetings with them, you know, the same guys, not mentioning names, who are, you know, just a couple months ago ago called obama everything but a socialist, saying, well, you know, they are talked balanced approach, all the nonsense, and its really not a balanced approach. We point out that, you know, wall street executives make much more than 250,000 a year; right . Thats the base pay on top of bonuses, you know. So true, all true. Charlie, thanks so much. Well, will santa bring you a new sleigh . November awe auto sales coming up. When two day shipping is too slow . Retailers racing to keep up the trend of instant gratification in shopping. Look at todays winners and losers on the s p here heading to break. Advanced micro trieding up better than 7 . Well be right back. Melissa time for stocks now as we do every 15 minutes. Lets head to the floor of new york stock exchange. Lauren simonetti standing by. Dell getting a nice upgrade today. Yes, did you see shares of dell today . Up more than 4 , third best performer on the s p 500. Essentially a Goldman Sachs doing a 180 on the stock. Had a sell for two years. Upgraded two notches to a buy and upgraded the price target by 4, to 13 a share. It is 10 right now. It still has some room to go according to Goldman Sachs. They say they know the pc industry is weak. That is already baked into the stock. And quote, we could see sentiment in expectations postively in 2013. Back to you. Lori thanks so much, lauren. Sur