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About 0. 3 . Nasdaq composite also in positive territory to the tune of 9. 5 points. S p 500 higher by 2. 25 points. Fractional move there at 1379. Meanwhile, cease fire between israel and hamas announced earlier today. We saw an Immediate Reaction in the market. Take a look at this chart. The dow rallying as soon as the news hit the tape. We saw oil go down, as a matter of fact. Things are coming back here. Lets get to it with our next guests in todays close clclos exchange. Theoretically, the cease fire is an hour old. Markets responded initially, but theyve sort of regressed after that. You...

Bernanke putting a damper on the markets this afternoon after he said the central bank does not have the tools to offset the full harm of going off the fiscal cliff. Yet, rob morgan is not concerned. He says he thinks the fiscal cliff has been overblown. Are they overblown . Lets bring him in. Rob joins me now along with brian ferhrry and rick santelli. Rob, youre not worried about the fiscal cliff. Im worried, maria. Just like chairman bernanke is. Congress and the administration have to get together, but, you know, the president s been very clear that he doesnt want necessarily higher tax ra...

Kudlow style. First up tonight, stocks look very optimistic today. The dow gained 208 points. The s p 500 surged by 20 points. Lets go to liz saunders and brian, the cofounder of shelter capital. Welcome back. I want to quote you from my pal and your pal who said on the air this morning on cnbc that if we get a resolution of if we extend tax rates, jeremy said the dow can hit 17,000 next year. 17,000 next year. Liz ann, i ask you what do you make of that. Im wearing the. The i do think that the market would react. A true sign that we would have a compromise here. What do you think about 17,000...

Me just now. We are going to be closing up more than 200 points. Margie from Wells Fargo Funds Management joins us, so does michael from destination Wealth Management and joe greco will be with us in a few moments here. Rick santelli is staying late as well with this rally here. Ready to go, joe . Yes. What do you make of the rally . I guess when republicans want to peek past what is involved besides a tax increase, that signals a compromise. So, the markets say, hey, maybe theyll work things out in washington. The unfortunate thing is this lift today will be met with more selling as we get cl...

The u. S. Is preparing for a possible Ground Invasion into gaza. Hundreds of israeli troops have been moved to the gaza border and another 75,000 reservists are being called to serve as the violence intensifies. This as president obama gets the phone call from the israeli Prime Minister to get an update on the tent situation and gets briefed by Henry Morrissey who he hopes can dissuade the conflict. Ten people have been killed in gaza and three people in israel. Today they released their largest air raid in decades, including jerusalem. Their air sirens echoed. Hamas also fired several rockets...