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Moments ago, president obama saying he still has hope. Im optimistic we may still be able to reach an agreement that can pass both houses in time. Senators reid and mcconnell are working on such an agreement as we speak. And as we speak, rich edson is live in washington with the very latet. Well, its up to the senate. Staffers and a majority leader harry reid, minority lead Mitch Mcconnell are trying to negotiate a scaleddown debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the fuure. Again, in an afternoon white house meeting president obama ...

Moments ago, president obama saying he still has hope. Im optimistic we may still be able to reach an agreement that can pass both houses in time. Senators reid and mcconnell are working on such anagreement as we speak. And as we speak, rich edson is live in washington with the very latest. Well, its up to the senate. Staffers and a majority leader harry reid, Minority Leader Mitch Mcconnell are trying to negotiate a scaleddown debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. Again, in an afternoon white house meeting president oba...

Friday closing at 15,761. Thats after the Labor Department reported 2o4,000 jobs were added to payrolls last month. Much better than expected. Although, the Unemployment Rate ticked up to 7. 3 along with the dows triple digit rally, the nasdaq gained 62 points, and the s p 24. Gold fell below 1,300 and oil inched up 11 cents. Reaction was especialy strong in the bond market. The 10 year treasury yield made the sharpest one day rise since july, on concerns the fed made slow its bond buying sooner rather than later. And, sac pleads guilty to Insider Trading charges. The firm will pay a record 1....

Dow gaining 40 points, s p climbing. 29 , nasdaq. 20. Companies that make heavy equipment, companies that help make planes or cars or homes just keep winning over investors hearts. As we play in this vacuum thats virtually devoid of earnings reports, how thick is this love . Not long ago, i predicted that caterpillar after a serious spell of poor performance could become adored. Adored beyond all reason as the economy improves. It seems so natural given that united rental, a company we had several times and said its heavy machinery customers are as bullish as theyve ever seen them. Its reasona...

190 plus countries where buyers are located. There is still no word on what the ticker will be or which exchange is getting the listing. The underwriters include swecre suisse, jpmorgan, deutsche bank, goldman sachs, Morgan Stanley and citigroup. As you heard at the top of the show, the Major Driving force behind the earnings for disney was the blockbuster hit frozen. Studio income quadrupled to 74 million. Bob iger says the company is increasing the presence of the characters at their theme park. Iger by the way will be appearing on squawk on the street later on this morning, 10 00 eastern ti...