"The Euro is hanging in there because ultimately the market believes that Greece will get the next aid disbursement in July," says Amelia Bordeau, Westpac Institutional Bank.
Scott Nations explains why he's bullish on Bank of America. "I do think there are potential head winds for all the banks but I'd like to get some long exposure to Bank of America while limiting my risk," he says
JC Penney sales fell 26 percent in the past quarter, with the FMHR traders. Meanwhile Todd Gordon, Aspen Trading, discusses whether there are more worries for Europe ahead.
CNBC's Jackie DeAngelis reports Disney's stock is down after CEO Bob Iger said the company was "transitioning out of an investment mode and into a more compelling growth mode;" and the FMHR traders discuss today's pops and drops.
President Obama is expected to speak on the U.S. economy this afternoon. Rebecca Patterson, Bessemer Trust, discusses what currency traders are listening for.
Discussing whether we can count on Congress to broker a fiscal compromise, with Whitney Tilson, T2 Partners founder, and Anthony Scaramucci, SkyBridge Capital. "I think the fiscal cliff is a forcing mechanism that's going to cause both parties to touch their third rails," Tilson says.
Whitney Tilson, T2 Partners and a supporter of President Obama, says he expects a deal to get done and explains why he thinks the 'fiscal cliff' is a good thing.
Priceline.com agreed to buy Kayak Software for $1.8 billion, and the stock is slightly lower, with the FMHR traders; and Ralph Acampora, Altaira Limited director of technical research, says he is a "secular bull, and is focusing long-term," and that "the correction we're in is actually healthy."