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Record-Setting Weekend for 'The Hobbit'

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    FBN's Adam Shapiro breaks down mid-afternoon market news.

  • Duration 0:59
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Adam Shapiro would -- Fox Business -- stocks are moving higher after President Obama and Republican house speaker John Boehner.

Met to discuss ways to avert the fiscal cliff right now the Dow was up 66 points.

Business economists believe the country will see modest growth in 2013.

With a continued rebound in housing adding to economic strength.

The national association for business economics says it expects the economy to grow two point 1% next year the economists also believe unemployment.

-- seven point 7% extra.

Not -- had a record setting opening weekend after hauling in 84 point eight million dollars domestically.

Meeting all three Lord of the Rings movies opening night.

Peter Jackson's smash hit also marked the biggest December movie opening ever easily cruising past I Am Legend 77 point two million dollar debut.

That's the latest from Fox Business.