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Session. And the s p 500 down 6. 70 points at 1409. December a historically good month for the markets. The s p has risen 8 of the past 1 years in the final month of yeert. With fears of the looming fiscal cliff, can the trend continue . Were bringing in mike from Yahoo Finance and cnbc and yahoo have a Business Alliance to share and coproduce editorial content and gordon along with bob pisani. Gordon will be along momentarily. Michael, let me start with you. You say this markets preoccupation with the fiscal cliff is overdone. Do you think we go back to the trend and that is that december is a good month on the upside for stocks . Definitely one of the tail winds. All else being equal, probably definitely a strong point for the market. I think this market is laboring to look through the interim noise. You had decent pmi numbers, with the ism disappointing and i think the m ....
We have got the answers and they may surprise you. And let the debate begin. Its a little fuzzy, roll the tape. There you go a new study says highspeed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. You know theyre talking about that one, sue, down at the new york stock exchange. How are you doing, sue . Great, ty. Indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. Stocks are steady. Talks continuing in washington. We are just down about 12 points on the Dow Jones Industrial average, 27 days until america goes over that fiscal cliff. The president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on th ....
But first lets get you up to speed on other stories. Joe was talking about apple. It has been a rough ten weeks for the most valuable u. S. Company. Shares tumbling more than 6 yesterday shedding 35 billion of market value. Among the reasons cited by analysts, a forecast by an Influential Research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. There were also unconfirmed reports that at least one major stock Clearing House was raising margin requirements. And then theres the fiscal cliff. Analysts citing fears about a hike in Capital Gains tax in 2013. Rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of ....
And i certainly have a feeling that a lot of those debates will transition to something slightly less controversial. The full interview straight ahead. So you dont read runway . No. Before today you never heard of me. No. You have no style or sense of fashion. I think that depends on what your no, no, that wasnt a question. The devils diplomacy. Vogue editor anna wintour, u. S. Ambassador . Maybe. Newsroom starts now. Good morning. Thank you so much for joining me. Im carol costello. This morning iran is bragging. It claims it capture d an american drone. The u. S. Is denying it. Iran has made that drone a star on state tv. According to irans staterun news agency, the drone was captured immediately after entering iranian air space. The drone, now being shown on iranian television. On tv behind the aircraft is a map of the persian gulf with the words, quote we shall trample on the u. S. The United States says all of its drones in th ....
First time in the history of our country, it is now legal to smoke pot for Recreational Purposes in a state and we are there for the pot party. Good morning, welcome to early start. Im Christine Romans in for john berman this thursday morning. I bet you never thought youd say that, live at a pot party. Good morning to you, im zoraida sambolin, 5 00 a. M. In the east here. Tension has quickly turned to deadly violence in egypt. This morning, tanks and armored personnel carriers are guarding the president ial palace, this is in cairo. It was there last night that supporters and owe points of president Mohamed Morsi clashed. They hurled rocks and molotov cocktails at each other. At least five people were killed, hundreds injured. The root of the violence is what many believe is morsis grab for power. Ian lee joins u ....