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We take you through the details and impact of that announcement. We are asking our viewers what you think Ben Bernankes legacy will be when he steps down from the fed. Give us a call. Epublicans, 202 5853881 democrats, 202 5853880. Independents, 202 5853882. Outside the u. S. , 202 5853883. You can also catch up with us on twitter, facebook, or email us. A very good thursday morning to you. Ofwant to begin with some the front pages about that ben bernanke press conference. Here is the financial times. A picture of ben bernanke. A historic end to the tenure. Over to the front page of usa today ...

That was reverend jeb Jesse Jackson in ebony magazine. The crisis were facing today in terms of poverty, you cannot generalize about poverty. People who just there are three categories. There are those who are characters in place intact, but a factory is moved out, the death of a breadwinner, and people like that, if they are given an opportunity they use welfare the way they are supposed to as a surface and not a transportation systeservice ad then you have category number two of people like the single mom in milwaukee some years ago who was on welfare with a single child and a saved 5,000 of...

Property. And it went to court and went to lord mansfield, famous jurist, who ruled that slavery so odious, that was the term that he used, that it cannot be tolerated on english soil. Crucially, it could be tolerated in the colonies. But thats another story. [laughter] but not on english soil. And the United States, the founders of the country were almost all slave owners. And they could see the handwriting on the wall. If the colonies remained under british rule, probably these laws would apply here, and theyd lose their property. That was surely a significant element of the revolution. And ...

We start the hour with breaking news. The futures are surging on the news that the fiscal cliff has been averted. Welcome to squawk on the street. Im melissa lee. First trading day of the new year, poised to begin in rally mode. Keep in mind, this is off of the big rally we saw on friday precliff. The biggest gain we saw in the month of november across the board. This, of course, as Congress Takes measures to avoid the fiscal cliff. Take a look at this. This is something you dont see too often on wall street. The dow looking at about 202 points at the open. Look at the picture over in the euro...

What will come if Climate Change continues on checked. Russia launches new attacks on cities across ukraine as winter closes in Russian Forces target. You praise the energy grid again, doping out now for millions and its kind of repairs. Do well come look at the micro work is behind the construction of 8 you stadiums and why human Rights Groups demand compensation for ah, ive been phys all and welcome. Its crunch time at the top 27. 00 Climate Summit in egypt. Delegates is supposed to wrap up their talks today. Negotiators though were still trying to agree on the final statement, addressing se...