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Bush Tax Cuts Take Center Stage

Monday, 29 Nov 2010 | 5:35 PM ET
The Obama Trade
CNBC's John Harwood gives an update on the lame duck agenda.

Congress returned to Washington Monday with the debate over the Bush tax cut extensions taking center stage.

President Obama will meet with Republican congressional leaders at the White House as soon as Tuesday as the debate heats up.

What should you expect? Find out from CNBC Chief Washington Correspondent John Harwood.







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Trader disclosure: On November 29, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL), (BX), (BAC), (NOK); Finerman owns (AAPL); Finerman and Finerman’s firm owns (BBY); Finerman owns (BAC); Finerman owns (BKS); Finerman and Finerman’s firm owns (BP); Finerman’s firm owns (CMVT); Finerman owns (KFT); Finerman and Finerman’s firm owns (JPM); Finerman’s firm owns (MCD); Finerman’s firm owns (WMT); Finerman and Finerman’s Firm owns (MSFT); Terranova Owns (UPL), (C), (PEP), (VRTS), (GS), (OXY), (OIH), (AXP), (FCX), (AAPL), (POT), (NKE), (MCD), (IBM); Weiss owns (FDX), (UPS), (BWC); Pete Najarian owns (PFE); Pete Najarian owns (BAC); Pete Najarian owns (MS)

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (GDXJ)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (BG)
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (AAPL)
Accounts Managed By Kanundrum Capital Own (DRIV)
Accounts Managed By Kanundrum Capital Own (DRYS)
Accounts Managed By Kanundrum Capital Own (ESM)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CMS)
Virtus Investment Partners own more than 1% of (CSC)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (FCFS)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SOA)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (WMB)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DRYS)

For Mike Khouw
Cantor Fitzgerald makes a market in (BAC)
Cantor Fitzgerald makes a market in (DF)
Cantor Fitzgerald makes a market in (APOL)
Cantor Fitzgerald makes a market in (HRB)
Cantor Fitzgerald makes a market in (AKS)
Cantor Fitzgerald makes a market in (MU)
Cantor Fitzgerald makes a market in (NVDA)
Cantor Fitzgerald makes a market in (NYT)

For Doug Kass
Seabreeze Partners Management Is Short (YUM)
Seabreeze Partners Management Is Short (RT)
Seabreeze Partners Management Is Short (GIS)
Seabreeze Partners Management Is Short (K)
Seabreeze Partners Management Is Short (KFT)

For Jordan Rohan
Stifel Nicolaus makes a market in (EBAY)
Stifel Nicolaus intends to seek compensation for investment banking services from (EBAY) in the next 3 months.

For John Stephenson
Stephenson And First Asset Investment Management Own (HES)
Stephenson And First Asset Investment Management Own (OXY)
Stephenson And First Asset Investment Management Own (BP)
Stephenson And First Asset Investment Management Own (HAL)
Stephenson And First Asset Investment Management Own (SLB)
Stephenson And First Asset Investment Management Own (SU)
Stephenson And First Asset Investment Management Own (CNQ)

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