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Halftime. Power starts now. Power lunch and the second half of the day starts now. Indeed it does. After five year highs on the s p 500, we are giving back today. Is the market changing longterm or is this just a momentary blip. We will talk about that. Two big settlements in housing to tell you about. And a whopping 10 million deal with fannie mae. What this means pour for the foonl giant and investors now. You will hear the president speaking live and it is the next big fight in washington. The president is set to pick chuck hagel as his next press secretary and it is proving to be a controversial choice. Well carry it live and look at what it means for the defense stocks. Meantime, my partner ty is down at nyse today, hi, ty. Hi, sue. You mentioned some of the reasons why. Investors seem to be selling off in the wake of last weeks major rise for the markets. Though it got choppy on thursday and friday. Rg3s knee explains why. Worries over that, certainly coloring investors at this h ....
Neither is likely to have an easy go at the Senate Confirmation process because you know thats coming up. Joining me now with the sin sights on this and the expert e expertise, Gloria Borger and chief National Correspondent john king. In the interest of the new years resolution to be positive, lets start with the pros, Gloria Borger. Lets go over the list with chuck hagel as the starting point. Hes a war hero. And he has two purple hearts from vietnam serving alongside of his brother. Each of them saving each others life which is a story unto itself. And he went on to represent a native nebraska in the u. S. Senate and now he cochairs the president s intelligence advisory board. That sounds like a pretty good cv, they say. Whats not to like . Well, if you ....
Signed and refuses to get rid of. We learned the president will make a major announcement of afghanistan announcing that 34,000 u. S. Troops will return home from the region exactly one year from today. Thats about half the troops there now. Joining us now, maryland congressman chris van hollen, Ranking Member of the house budget committee. Thank you for joining us. Great to be with you, tamron. First, what are the expectations for the president tonight . Well, i think as you said the president s going to lay out his plan for xik growth, for job creation but focusing on the fact it is not good enough just to have Economic Growth for the folks already at the very top. That we need broad based Economic Growth where wages and middle class americans go up, where their incomes go up so that we can all participate in growing ....
Yes or no. Well, im not going to give you a yes or no. I think its far more complicated than that. Is this finally the year for Immigration Reform . President obama sits down with jose diaz bullart. I dont think that it should take many, many months. I think this is something that we should be able to get done certainly this year, and i would like to see if we can get it done sooner. In newtown parents of the young victims demand stricter gun laws. I remember looking at him in his casket and holing his hands. No parent should hold this memory of their child. The liberty of any person to own a military style assault weapon and a high capacity magazine and keep them in their home is second to the right of my son to his life. Bidding farewell. John kerrys emotional goodbye to the senate. Standing here at this desk that once belonged at this desk that once belonged to president kennedy and to ted kennedy, i cant help but be remind ....
Connecticut. White House Press Secretary jay carney also said the president will announce comprehensive action including assault weapons ban, a ban on high capacity magazine clips and closing big loopholes in back ground checks. All of as governors of new york, delaware and maryland take action to pass some of the strictest laws on guns in our nation. Let me bring in our political panel. Former pennsylvania governor ed rendell, a nbc news political analyst and molly ball, reporter for the atlantic and Chris Van Hollen will join us here shortly. Governor rendell, the announcement is coming down tomorrow. The president promised that he wanted to act fast. Is he at least timewise living up to what he said . No question. And this is good news for all of us who believe we need sensible gun control laws in the United State ....