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wherever you look. the dow posting its best day in more than 2 1/2 years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k)'s in this country. the s&p and nasdaq up more than 4% as well. why? well, it began with america's top economic man ben bernanke, bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the world. this is europe-re...

wherever you look. the dow posting its best day in more than 2 1/2 years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k)'s in this country. the s&p and nasdaq up more than 4% as well. why? well, it began with america's top economic man ben bernanke, bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the world. this is europe-re...

big time around the world wherever you look. the dow posting its best day in more than two and a half years with a rocking 490-point gain. that puts the dow back in positive territory for the year. above 12,000, which is a psychologically very important level for the 401(k)'s in this country. the nasdaq and s&p up more than 4% as well. why? well, it began with america's top economic man bailing out europe which is on the verge of bringing down the economy. former new york stock exchange floor trader, obviously, it was ben bernanke working with other central bank chiefs around the wor...

self-imposed deadline for a deal and still there is no deal. some on capitol hill, some of even the president's allies are saying this is now in their view time to cut bait and stop going for this big deficit reductions package they've been talking about and just find the easiest path forward to get the debt ceiling raised and worry about deficit reductions at another time. >> you know, it seemed like there was some enthusiasm and some progress yesterday. but if the two sides are even further dug in, even further apart so to speak, why is the president still pushing for something big...

becoming an abnormal crisis. what happened today? >> reporter: well, there was a lot of process, sanjay. and a lot of discussion and still no break through is the bottom line. we are less than two days away from the president's self-imposed july 22nd deadline for a deal. and still there is no deal. and now some on capitol hill, some of even the president's allies are saying this is now in their view time to cut bait and stop going for the big deficit reductions package they've been talk about and find the easiest path forward to get the debt ceiling raised and worry about deficit red...