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U.s. labor market. it's a different thing i think as austan and christine said to have the state of indiana say it's worth it for us, as taxpayers, and as the elected officials in indiana to keep these operations here. and we are willing to make up the difference so that carrier is willing to do it. that makes perfect sense and that could have happened without the involvement of the president-elect. so i think going forward the real issue is, will this president and his team, who are businessmen by background, take a different path, which is to look at the overall performance of the labor mark...

Report yesterday that caused the s & p 500 to actually hit a new high, albeit by one point. less than one point. so you are seeing a market react to some of the housing news, seeing the market react by hitting these new all-time highs, like the s & p 500 did yesterday, chris. >> a great headline to end on. you did have a record at the nasdaq. i want to bring in christine romans, because we need to understand why this is good. first, as i know, someone very intelligent told me once, all real estate was local. christine romans told me that. explain to me what is the significance beyond the numbe...

Market react in a negative way and how swiftly is the fallout on the overall u.s. economy. for example, we're getting reports from around the country that, number one, retailers have lowered their forecast on what the christmas shopping season is going to look like. we're hearing that one of our reporters who is out at a mall today said there was a survey that bank rate that one out of three consumers they tabd have said fiscal cliff concerns are forcing them to cat back on who will spending. it's the market reaction to going over the cliff on january 1 as to whether or not we're talking about...

Clock coverage on fox business network. could you sell it a little bit better, governor? >>guest: welcome to long island. i grew up in queens and went to school in oakdale. >>neil: in five hours we will have the big moment of the governor could be right, but this may not be the venue for it could.nasty. it could. we will follow it tonight on fox business network because administration the governor could remind you that is his industrial place to stop for all such coverage. we will have governor brewer and alan search ton and the mayor of los angeles and we will do something new, a survey, seco...

He's not going to raise the rates, meaning he is not going to raise taxes on anyone. but he is going to lower the deduction capability at the upper levels, not the middle class, and he is saying he is -- by putting people to work with dynamic scoring, which i think is very important, and that brings in the revenue, the old fashioned way with people working. >> dynamic scoring. that's always the bane of the congressional budget office existence. senator kay bailey hutchinson republican from texas always a pleasure to talk to you in the morning. thanks for coming on. >> thank you, chuck. >> wall...