Is it legal . Could more businesses follow suit . If even when they say its not, its always about money. Melissa first, lets take a look at the days market headlines. Fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. The dow closed down 42 points. Facebook shares some otherbest in four months. Two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. And as our own Charlie Gasparino first reported, Mary Schapiro stepping down as chairman of the sec. Officially leave office on december 14th. She ran the Securities Regulator for nearly four years. President obama will appoint current sec commissioner to run the agency. All right. Now to our top try. Warren buffett support for raising taxes on the rich takes a controversy in its turn in an oped in todays new york times. The billionaire investor says lets forget about the rich in culture ridge. Income is increased. Forever for see investment of the charities. So buffett is on target with this. Raising taxes on the rich actually have no affect on their investment behavior. Lets bring in scott martin, chief investment strategist and founder and ceo of market 76. Thank you for joining me. Give me a reaction to this. Im really surprised. I look at buffett as asavvy businessman and one who would not put a dime toward the u. S. Government if he had a choice with regards to a buyout because certainly is not a great Balance Sheets they carry. It just doesnt make a lot of sense for me to say, if youre going to rase the barriers to entry, change the overa landscape of Something Like raising taxes on investments, why you dont think that would discourage investors. To me, if you like history and see when taxes have gone up, you always see a negative effect. Look at gdp alone. When the cuts from bush came through, gdp went up by almost 2 percent on average per quarter. Before the cuts it was lower. Thats something he needs to look at. Melissa it just seems so logical that if you take a dollar out of an investor sand, that impacts is behavior. I tnk that it is important to look at what people do rather than what they say so that we dont end up action accidentally inflating initiative posiion. What we do that markets 76 is monitor 2,000 advisers who are looking at about 70 billion worth of assets under management from affluent individuals, and what we are seeing in the data is no change of all. Melissa the tax situation hasnt changed yet. Well, typically people look at markets as leading indicators we would say that typically a flood individuals are going to act in advance of developments that they consider coming down the pike. The data is saying that somebody is going to back down on the democratic side. Melissa yall think the selloff as the election has been because people are anticipating taxes going up . The market has been terrible since the election. I think the market has been a little bit volatile, but i dont think that the selloff as unnecessarily massive. The behavior n the investors indicates otherwise. We are seeing flows into of advisers and adises sticking it melissa would you think . I disagree. Very little interest. If you look at the volume alone, contrary to my muni bonds, one of the best of the year after the election. To your point about the taxation of other assets. To meet the market is already reacting to this approach and what we think will happen in 2014 and 13. Thats with a think is what is really going on. The market has had a terrible runs as the election. Melissa go ahead. I dont think you could have it both ways. The governments having terrible Balance Sheets and then trumpet the performance of many bonds. When it comes down to it, we are looking at is so low volume behavior in the market. At does not indicate a whole lot of certainty. Melissa what i think, if you think about the basic logic of the situation, take a dollar away from an investor, they invest less. The only time that doesnt come into affect is whenyou are Warren Buffett and have so many dollars you cant even keep track of the. For the average investor or the retired investor living of the dividends and has just their investments and Social Security try it is going to impact behavior. Right. The average investor, the average saver who has been punished by the federal reserve. Unsaying munis are great investment, but if you want to talk about government bonds, who is buying Treasury Bonds here . The federal reserve. As of the average investor just to get nothing. Thats like going broke safely. And thats the other question. Lets tax the wealthy. Well, what is wealthy . Sunday that as 10 million in the bank, had a good year. There is not a clear picture of what the definition of that is. Melissa even if they are in daer, but this does not hurt the Warren Buffetts of the world and that they nt mind it, but a whole bunch of people who have saved for retirement under trying to live off those investments and dividends. Its going to hurt them instead. I dont lose sleep over tha. But we do worry about the much smaller investor, maybe he doesnt impact the market where you think. They share care about this. That is entirely reasonable position to take, but it is also a little bit, lets say condescending to think that those people dont know what is best for them. Melissa i didnt say they dont know whats best for them. The amount they have available to investors less. They dont have a lot of extra dollars. I wasnt trying to indicate that you were saying that. Those people tend to be reacting to the news that obama was reelected in a way that indicates that they are not terribly concerned about tht. All i can do is monitor the data and tell you where the risk is going and where the risk is coming off. What im seeing is that theyre putting respond. It might be the case that theyre doing it because theyre good getting private pushed further of the treasury curve, but it is what it is. Melissa thanks to both of you. We appreciate your time. President obama is supercharging his campaign to raise taxes on the wealthy. Taking the fight online sending mass emails to supporters to massing them to use social networking sites like twitter and facebook and youtube stirs their congressmen and women to support this plan. Democratic strategist and political analyst says these tactics could backfire. He joins me now. I think what the president is doing is fair. He should be activating the millions of people out there who have supported his policies in the context of the president ial campaign. When you have moss massive lobbying efforts going on for all sorts of industries to and what ishe scope of negotiation, you should absolutely get the public inlved and try to use their ergy. It is fair to be doing this. He has to be careful. The Obama Administration has to be judicious with the amount that it taps this network. You have millions of people here. You want to activate their energy only when its absolutely necessary, and think it is. Were looking at the number one priority right now are at the beginning of this administration. Melissa how big of an impact Something Like this has. If you try and get people all excited on facebook and twitter, what theyre really going to do . Call their congressman. The congressman are pretty sophisticated people. Just reelected. The most time possible for ther constituents to forg and also know that president obama fired them up to call them to get people to go call. They know where its coming from i wonder if its worth it. I dont think it is a political tactic. Ureters suggesting that the congressman easily checked these people are just pawns in the Obama Administration. I dont think the art. If tyre calling their congressman, the congressmaman e accountable, as you know, a democratic society. And so ad if they are airing their opinions, i think the congressman are absolutely going to have to listen to what the people who voted in their district of st. Lissa very focused along the lines of who is going to vote for me and who is not. The people who will respond to a pretty hardcore democrats. Its a group of people, you know where they stand. I dont know that that necessarily influences their action. And now your out there and think that. I dont think its new information there is a constituency that each congressman or woman has that once this Obama Administration priorities past and has a certain outlook and the fiscal cliff, but every single one of the people that are voting and that persons district has an interest in this fiscal cliff negotiation happening, and interest in the compromise being made. And so those when the first freshman wave of the party is came in in 2010, when we are negotiating the grit debt ceiling this would be the first a dull moment for these freshmen tea party years. This is a second of all moment, and both sides are going to have to make serious painful concessions whether democrat who sacrificed domestic spending on programs that ou think a really important or republican. And generate more revenue with taxation. What the constituents once a republicans to take their oath of office more seriously. Melissa everybody has a stake in the ground about what they want their congressman to do. All very different. Thats or hung up. Thats thank you for coming up. Thanks for having me. Melissa an unprecedented power grab assets of violent protests as that treat sets and before israel and a mosque. How quickly could the regions fragile lps unravel . Details next. Plus, from black to green. Retail sales knocked it out of the park over thanksgiving weekend. But it may not stores may not be laughing all the way the bank we will explain. More money coming up. Melissa a sudden power grab by egyptian president sparking serious protests, but now apparently making some partial concessions to egypts top judges to help diffuse the crisis. The groundn the mideast is shifting by theday. Israel is taking no chances, despite the ceasefire. The country is now testing a new iron domelike Missile Defense system called david slang. It will stop midrange rockets. Is it preparing for a new wave of turmoil . We turn to naval analyst with the institute for war. Welcome back to the show. I wt to jump riht in. Let me ask you about what is going on in egypt. Today you think mohammad really is . When we left for thanksgiving break last week he had stepped in and helped settle this problem and brought about the ceasefire. Even the israelis said maybe he is more moderate than we thought. All this and he makes this huge power grab in his own country saying that his rule is about law, basically. Judy you think he is . Thank you. It is a pleasure to be here. That is the milliondollar question. Who is the and what to see what. It looks like he was committed to peace, committed to the process of at least normalizion in the short term of relations between israel and gaza. This latest power grab, a lot of people, including myself, by surprise. Important to keep in mind that there are three Power Centers in egypt. The civilian elected leaders, including president more see in the parliament. Second, the judiciary. And third, the military. What hettempted to do was take away a good deal of the Judiciary Authority and take it to himself which has been met by immediate and stiff resistance from the judiciary and apparently a good deal of the egyptian population as well. Melissa and this seems like his biggest problem is probably economic. I mean to know when you look at what has happened to this country and probably what inspired, you know, the eruption in the first place that brought him to power there, the biggest wheat importer in the world, ultrasensitive to food price rings as a result. Tourism in a freefall obviously. People used to go see the pyramids. Thisas a big source of income. Do you think that economics will be the thing that comes along and undo him . Well, as you are fond of saying, its all about the money. Get right down to it. Egypt and the poor economy for quite some time and it is degrading. We see tourism plummet, and there is no hope of that coming back anytime soon. We dont see any real industrial activity in egypt. We see a very inefficient agricultural sector. A lot of things are wrong with the egyptian economy, and unfortunately president more see in the Muslim Brotherhood are focused on an agenda of distribution, redistribution of wealth and the welfare state which is just not a prescription for economic succes in the short term i think he is trying to shore up his power by taking some power back from the judiciary. Then he will try to appeal to the poorest egyptians by redistributing. Melissa he better do that quick. Dont want to run at a time without asking you about davids slang. A lot of made a lot was made of the iron dome. The net cost to israelis to shoot down one rocket is somewhere between 50,150,000. At the same time, you know, the moss is being supplied with rockets that are a few thousand dollars. You can see if this was just a battle of money that israel would lose pretty quickly. Is davids a sling any cheaper or more effective . What do you think . First off, iron dome performed fantastic. The followon, israel knows it has to drive its cost per projectile down. There is no easy way to talk about this other than saying, iron dome is fairly expensive for what it does. They are looking to develop the system. In france the technological advantage. They can drive a little closer toward parity in terms of the economic struggle. Melissa any idea how it works differently . I know its pretty new. Its no problem at all. Iron dome is basically a smaller version of the Patriot Missile systems. It shoots down smaller projectiles than the Patriot Missile system is designed to shoot down, but its use down ballistic projectiles, Ballistic Missiles or ballistic rockets. But david slang is designed to shoot down everything that ironbound can shoot down in addition to that it will she down cruise missiles which fly at a much lower altitude and are more difficult to detect and target melissa thank you so much. Some much good affirmation. We appreciate your time. Thank you. A pleasure to be here. Melissa thanksgiving weekend solemn most shoppers of all time how is that possible . Not all Holiday Cheer. We will explain. Plus, not getting a flu shot. Could more businesses potentially do the same . I dont want to see anyone. It details coming up next. You never have too much money. Melissa Holiday Shopping season kicks off with a bang. Cyber monday under way. Youre probably shopping online. Following a black friday we can that broke records for the busiest ever. A stunning 247 Million People shop online and in stores. Thats a lot of folks. Online sales reaching more than a billion for the first time, but our consumers just going after bargainbasement deals or have they actually stop worrying about the economy . Of its really revving of spending . Joining me now, president of palin financial group. Welcome to the show. What do you think . People are out there spending, or is this im going to get out there and bargain shop because the deals look great. A little bit of both. Some good deals out there, both in the stores and online. Door busters, believe it or not come online. Amazon started at midnight last night with 55 in stevie, panasonic tv with a 55 discount. Pretty impressive. So i was not up at midnight to see it, but all day long, every hour more deals coming on line. Continuing. Really get at this. They have it down. Melissa coming out of the day strong because they figured out how to of rich people into a frenzy. It does not say how much you have to spend. Its a little early to know what it is going. I think its going to be a good holiday. Two more days this year than last. Two more days a week and spend money. People are ready to spend. More than a Million People with jobs and did not have jobs year ago, so you have more people in the economy. Its both. Theyre looking to spend money, but i also think they want the deals, and the internet. Melissa a fraction of people less talk on line, it sounds like it is huge. But i read that for the whole weekend people spent 60 billion. Such a tiny fraction. And if you look at consumer spending, is done onli, youre talking about less than one in 10 going on line, which is whether growth is so great there. But every year the growth is bursting at the seams. Depending upon what did you pick you could be looking at 26 , 32 . Expecting today, cybermonday, 20 percent growth. Those are phenomenal numbers. Melissa i sort of thing people shop on the first and last and not in between. Is that have really works . Yet the most and the first and last date, but you do hve people every day going. In fact among when you look at most people, Something Like 59 percent of people out there over the weekend said they have only completed about a quarter of a shopping. Melissa still way ahead of me. A lot of people have estimated about 3 percent more people will spend this year than last. Tear 4 . Home values are terrible. Unemployment is awful. The economy is terrible. Europe is falling apart. The fiscal cliff as everyone terrified. The market is scary. How can people be out there spending more than last year . Pentup demand. Have been coming every year, hearing about one negative thing after another since the 2008 banking crisis. It has been terrible. People are ready to move on. Melissa they dont just get used to spending less . People who are rational. But the average guy out there is broke and is probably always going to be broke. There is nothing hard wired and us to be prudent. We go out and spend everything that we have. And then some. And d you do have even though unemployment is high. We have more people in the work force to more people working in a year ago. That helps move us down the line a low bid. Melissa okay. Thank you for coming on. Great information. So there are plenty of ways to get fired. What about not getting a flu shot . One employer is terminating scores of workers. Is it even legal . The details are next. I have been fired, not for a flu shot. Plus, green Energy Requirements help push up electricity costs across the u. S. , but a new push hopes to pull the plug. One of the men leading the charge will join us. Piles of money co