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As that money isn't brought back to the u.s. so at ge, $108 billion. also pfizer $73 billion kept overseas. microsoft, let's give a shout-out, $61 billion are kept overseas. a lot of health and tech companies do this. essentially they assign their patents and intellectual property rights, their foreign subsidiaries. they don't bring the money back to the u.s. they don't have to pay taxes on that money. and joint committees of taxation show if we tax their foreign earnings fully, we would generate billions of dollars. and if you think what we're dealing with -- >> $85 billion. >> but i think th...

Heading to the sistine chapel later this morning. that is where they will officially begin the process of electing a new pope. >> so fascinating to watch. >> it really is. >> i love all the tradition and pomp and circumstance. >> and the music. so we're minding your business this morning, as well. the dow record high count is now at five days. the futures are lower this morning. history shows that in the two months after a record high, stocks tend to drop a little, or they stay flat. >> turning on eye now to corporate america, new report shows that some of the biggest companies are stashing th...

Avoid the high tax rates over here. >>gretchen: let's do math and show folks how much money we're talking about. this is g.e., they have 2012 ree $144 billion. outside the united states $102 billion. >> in 2012 it goes to $108 billion. microsoft at $60 billion. these are vast amounts of money parked overseas. that amount of money is actually going up. you would think that the logical answer is, all right, lower the tax rate that these people have to pay and you bring that money back to america. that's not what president obama wants to do. he wants to extend the reach of american taxing authori...

Same time, it's in that space of the gardens where he has gone to pray every evening. so he will be nearby and secluded and in his period of prayer. >> we saw the workman going in today. we're not sure what's going on there today. i'd love you to come back if we have time. thanks to both of you. there's a new report by the national hurricane center that says superstorm sandy was the second costliest storm. it's about $50 billion. only hurricane katrina in 2005 cost more causing $108 billion in damage. the report also blames 72 deaths directly on sandy. that makes it the deadliest hurricane t...

Money that will hit the economy. $440 billion in tax increases. what are those tax increases? bush tax cuts expire at midnight tomorrow night and you'll wake up the next morning and face a higher tax rate unless congress acts. there's also a possibility of a $108 billion in spending cuts. this is largely the defense department as we talked about and also money that ends up in people's pockets. there's an economic impact. >> i misspoke, i said tuesday at midnight. tomorrow at midnight. >> yes, december 31. >> the money is personal for people. you start to talk about budging a household. for the...