The Dow is on track to cap off its worst week in 5 months as fiscal cliff fears are weighing on investors. Reasons to be bullish on the markets, with Paul Hickey, Bespoke Investment Group, and Tony Dwyer, Canaccord Genuity, managing director.
You can't have job creation, and revenue creation by attacking the people who are trying to create the jobs, explains Matt Tyler, Vickers Engineering president & CEO.
The President is speaking out on the fiscal cliff, and standing his ground on higher taxes for wealthier Americans. Jared Bernstein, Center on Budget and Policy Priorities, and Tony Fratto, Hamilton Place Strategies, provide perspective.
Trading activity dropped by $100 million between Q2 and Q3, reports CNBC's Julia Boorstin.
President Obama is pushing for a balanced approach to resolving the fiscal cliff, with Rep. Peter Welch (D-VT).
Gold buyers are initiating positions beyond this year, reports CNBC's Sharon Epperson.
Rep. Scott Garrett (R-NJ), explains why he thinks the U.S. has already gone over the "fiscal cliff of spending," and that the "cliff" on January 1, 2013, is a "wall of higher tax rates."
While both House Speaker and President Obama were speaking, the market was trading nervously, explains Art Cashin, UBS.
CNBC's John Harwood and Eamon Javers react to President Obama's remarks on the fiscal cliff, and House Speak John Boehner's comments on raising tax rates on the wealthy.
President Obama speaks on the first steps he is taking to address the fiscal cliff. "I am open to compromise, am committed to solving our fiscal challenges, but I refuse to accept any approach that isn't balanced," he says.
Some argue it may be best to go over the fiscal cliff, but most people in Washington agree the cliff is a bad idea, with CNBC's John Harwood and Eamon Javers. President Obama is set to speak on the U.S. economy and the fiscal cliff any minute.
Art Cashin, UBS, offers insight on House Speaker John Boehner and President Obama's tones, and the nuances involved in each politician's remarks. The market is heavily oversold and entitled to a bounce, he says. But Europe will likely continue to be a concern over the weekend.
Anticipating President Obama's speech on the fiscal cliff, with Harold Ford, Morgan Stanley; and the FMHR traders share their final trades.
Take a look at some of Friday's midday movers:
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.
Treasury yields should not go lower, but we're not out of the woods yet, explains Jeff Kilburg, Killir Kapital founder & CEO.
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.
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."
Off 30 percent from its September highs, JC Penney stock is now bouncing off lows. But has it bottomed?