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Democrat is the ranking minority member on that committee. this is a bipartisan meal offensive that the president seems to be on. last night president obama taking a group of about 12 republican senators to dinner at a fancy washington restaurant. he picked up the tab. the president getting generally good reviews for reaching out to rank and file republicans. one of the dinner guests there, john hoeven said the table talk was candid. >> very positive, encouraging, candid. focused on how do we come together. compromise is necessary and it's possible. the issue is how do we get there. that's why...

It was a dinner date with republicans, and president obama picked up the tab. blocks from the white house at the swanky jefferson hotel, food and fiscal challenges, and an effort to find compromise less than a week after across-the-board cuts kicked in. >> how did the meeting go? >> just fine. >> reporter: 12 republican senators invited by the president broke bread for more than two hours. >> what was the tone in there like? >> very positive. encouraging, candid. focused on how do we come together. compromise is necessary and it's possible. the issue is how do we get there. >> reporter: presid...

Dinner was fairly friendly. i want to play what he said. looks like i don't have that, my apologies but he did say it wasn't contentious, i was kind of sort of joking with him it could have potential considering how nasty some of these discussions have gotten, it had the potential to be contentious and unpleasant and he said no it was very civil but of course as you point out, it's the first step so what's the second step? what makes this go beyond a really nice, friendly dinner? >> the second step is i think we have to come to grips with the fact that if you're going to solve the fiscal probl...

Progress. the senator said i've been talking to him from the senate floor and that doesn't seem to be effective. so is it better that you have these sort of small dinners or should congress actually work in congress where they belong? >> i think that this is exactly the way washington should work. you know, this is the way it used to work in the old days. i mean -- the old days like even 20 years ago. no, no, no. i mean even when president clinton would do this. president clinton would have members of the opposition party over for dinner. president obama has admitted that this is something he'...

At jpmorgan, $1.7 trillion, record amounts of cash, banks are not hiring as much but giving the money back to shareholders and making profits and keeping their cash and stocks at a fair value. you don't see stocks when you look at the price of the stock to the earnings of the company they're not necessarily overvalued so the bulls are saying that's why stocks keep going up. here is the case against stocks quickly, europe is in a recession, washington is in the throes of debt drama, strapped american consumers, and profit taking, up 14% in the past year i'm taking some off the table. futures ba...