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Our starting point this morning, president obama putting his foot down. He says no tax hikes for the wealthy, no deal. America hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans cant come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. Heres what he told bloomberg news. Listen. Were going to have to see the rates on the top 2 go up and were not going to be able it to get a deal without it. We start this morning with White House Corresp...

About corruption as an obstacle to the development. But she titled directly between corruption and poor countries and corruption in the United States inside the beltway contracts that are fed back and she talks about the development. We can talk about a lot of other systems, and tying the line that we are also a part of the world subject to the same kind of forces to the incumbent economic interests capturing the political process, getting the government contracts and affecting outcomes we are also subject to that. And to see somebody say those things is a lot more than i say in my book but wh...

Reject a multibillion dollar bid from the u. S. Giant. And russia braces for further sanctions from the u. S. And europe as prorussia separatists release one military observer but keep seven others hostage in Eastern Ukraine. Youre watching Worldwide Exchange, bringing you Business News from around the globe. French president Francois Hollande is currently meeting with alstoms gm to hear an alternative proposal. Lets go out to frankfurt for more on this. Annetta, what has this approach from siemens meant for the future . This is a good sign that they are quite old when it comes to act weations...

New highs. New highs. Johnson and johnson 99, United Technologies 120 new highs both. Other side of the corn is amazon down 4 since tuesdays closed. It was above 400 a couple months ago. Investors are yawning about new streaming device, maybe it went too hy too fast. Then we have anadarko, hit a new high as of right now. Even though it just paid out 5. 5 billion in an environmental cleanup settlement. How high is high . We have seen the stock at 103 and change. And 10141 isnt 2. 5 . Paying out over 5 billion and takes away the uncertainty, the overhang. They will be paying an outage and when i...

Reached their High Water Mark . Have Housing Starts in the United States hit bottom . Has oil peaked . Have Interest Rates begun to work their way up . Do we need to cover our short positions . These questions define todays session and with the looks of it, nasdaq gains. 37 , investors are answering each of these positively. In some cases, extremely positively. For starters, this was the first day where i heard talk that the insurgents in iraq might finally have met their match. I think that the initial moves by the isis rebels, a group so crazy, it was kicked out of alqaeda for being too extr...