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Markets React to Fiscal Cliff Debate

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    FBN’s Robert Gray with an afternoon market update, plus the market reaction to the fiscal cliff talks today.

  • Duration 0:54
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I'm Robert -- -- your Fox Business three stocks erased earlier losses after house speaker John Boehner said he had constructive talks -- President Obama put averting the looming fiscal level of spending cuts.

And -- sites right now the Dow is up sixteen points.

Well they just did it Nike has sold its upscale -- on shoe brand a private equity firm apex partners.

The price tag 570.

Million bucks to Nike is focusing on its namesake label as well as the Jordan.

-- and -- brands.

The athletic apparel retailers also sold -- number aligned Iconix Brand Group.

The deal -- tax is expected to close early next year.

And Yum! Brands has boosted its stock buyback program last 21 billion dollars Yum! Brands also declared a quarterly dividend of 33 cents a share.

That is the latest from the Fox Business Network giving you the power to prosper.