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That's when the market sells off. we have a ways to go. you can bet the market will be volatile. >> thank you, becky. next, we're live on the ground in the mideast on both sides. increasingly deadly conflict. it is now day six of deadly rocket exchanges between israel and gaza as ban ki-moon is set to arrive in an effort to forge a ceasefire.
About $1.80, trading up close to $89 and that's a big concern can, too. we are looking at gas prices that were finally starting to drop. prices have come down about 7 cents on average at the pump. that's good news. it helps out for consumers. if oil prices are going back up, that's a big concern not only for what's happening in the oil markets but obviously with what's happening with consumer spending as well. we did get one bit of good news and that's lowe's. part of that because of sandy's and the rebuilding. we have seen a bit of a turn in the housing market. there's a silver lining to leav...
Dreams about that. thank you, mara. >> market could see another volatile week as investors remain anxious about the looming fiscal cliff and tensions continue to rise. cnbc's becky quick joins me now for a market rundown. good morning, becky. good morning. coming to us just as the opening bell is ringing. this time around you are going to see strong, sharp arrows. it's been a long time since we've seen the markets in positive territory. last week was the fourth week in a row markets have closed lower. down 5% or so since the election about a week or two ago. if you're watching what's happeni...
Announ announced it's closing its doors for good. cnbc's becky quick joins us now. i wasn't allowed to get twinkies when i was a young kid but, becky, what happened there? >> they were big in my house along with susie qs and along with every other cupcake you can think of. it's a surprise not only to those of us who grew up with these brands but to those employed at hostess brands because they all learned today that most of them will be losing their jobs. the company says it's trying to sell off brands and lick with which date the company, firing all the employees and doing this because of a g...
Calculation. >> all right, becky quick, thank you much. we'll be watching. curious to see when the president says on that very question. up next, necessary, i'm at the app. it wasn't just the demographics or the turnout. republicans lost on some of the issues. a deep dive into what could be deep trouble for both parties going forward. the differences battleground states. the bubbles of the water. lots of talk this week about how republicans need to update their ground game, their tactics, to