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The s p 500 down about two points on the session. I want to take a closer look at what moved the markets as we await any decisions out of washington. Joining us right now, keith springer, abbigail doolittle, and our own bob posani. Keith, let me get your take on the cliff here and on whats to happen in terms of the markets. Do you expect the economy to go over the fiscal cliff . What kind of reaction might we see in the market if that were to materialize . Well, if we saw the market sell off in a big way, i dont think anybody believes were going to go over the fiscal cliff. There will be some ...

Likely added 193,000 private jobs last month. And then the Big Government jobs report out on friday. Sara, thanks. In Corporate News, a number of legal headlines out of the Financial Sector this morning, jpmorgan agreeing to pay 614 million in the mortgage fraud case. The late nest a string of legal claims against the bank. As part of the settlement, jpm admitted it defrauded federal agencies by underwriting mortgage loans. At issue, thousands of insured loans that were not eligible for insurance by the fha or department of veteran affairs. Morgan stanley will pay 1. 25 billion to resolve the ...

Stay the greatest filt in the world, bar none. Thats what im fighting for. Thats what you and your families deserve. Economist mark bandy says a shutdown that lasts several weeks could reduce the nations gdp by 1. 4 . We will talk more about the shutdown with john harwood in just a few minutes. Also, later this hour, we have congresswoman Debbie Wasserman schultz and congressman Mick Mulvaney debating the issues. Also we have steny hoyer who will be our special guest at 8 00 eastern time. Lets get over to andrew. On to the next potential government crisis, it is, of course, the debt ceiling. J...

But it couldnt hold onto the close couldnt hold onto that level, we should say. The entire market losing altitude in the final hour. Lets bring in the closing bell panel and figure out what we learned today. Joining us jon fortt, kenny from oneill securities who is just finishing up trading on the floor and hell be be shortly. Sheila over at the nasdaq. It was nasdaq 4,000 all the talk earlier today. By the close it was the hit social media was taking. Whats going on . We managed to eke out a gain at nasdaq six points away. You mentioned social media. Bigger picture its the momentum stocks tod...

Well, it i cant. I have to do another show after this. She has to do another show and i have to what do i have to do . I do have things to do. I have to get a haircut. There you go. Ive got to get more clothes for davos. Its crazy. I cant you know, im trying long underwear today, andrew, and youre not here when i need you. Youre trying on your long underwear . Thinking about it. I will get you you know my favorites. I will give you some tommy john long underwear. I will go and get some today for you. If it doesnt fit, can i return the bottoms . Do they take those back after you try them on . N...