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This is -- Imus in the morning.
On the phone -- Good morning everyone the White House is -- counter offer to house speaker John Boehner in their ongoing fiscal cliff negotiations.
But just thirteen days left before the automatic tax hikes and spending cuts.
Are set to kick in the president is now proposing.
Letting the bush era tax cuts expire for anyone earning at least 400000 dollars a year that's up.
From his -- threshold of 250000.
Dollars but below speaker Boehner has proposed.
One million dollar cut off.
In exchange for an agreement on tax rates the president is willing to agree to just over one point two trillion dollars in spending cuts.
Which would include changing the way cost of living adjustments are made to social security and other programs.
The president's offer also includes one point two trillion dollars in increased revenue over ten years down from his previous proposal.
Of one point four trillion a Republican sources both sides are getting closer to a deal but still have some significant differences.
Shares of Barbara China trading sharply higher in the premarket on news that is being acquired by Nielsen for 48 dollars a share in cash -- one point two billion dollars.
That's a 26% premium over arbitrage closing price yesterday.
Nielsen tracks -- consumers watch and by and -- Barbara Tron.
Follows -- they listen to on radio.
The deal has been approved by both companies Nielsen says the deal.
We'll have that measure audiences for streaming video and mobile content and will add about thirteen cents a share it with adjusted earnings twelve months after it closes.
The US government is fighting Toyota a record seventeen point four million dollars for failing to quickly report safety problems.
With its formats and for delaying a safety recall over the issue the fine from the National Highway Traffic Safety Administration is the maximum allowed by law.
And -- Toyota's fourth fine in the past two years for similar infractions.
Toyota agreed to pay the penalty without admitting -- broke the law.
The auto maker recalled its trying ten Lexus RX to fix a problem with the floor -- which could trap the gas pedal and cause a vehicle to accelerate without warning.
Thirty minutes that wave from the opening bell on Wall Street and futures are still up across the board Dow futures -- -- -- the SPs have to in the nasdaq's up twelve.
But let's get a preview now of the trade date come from the cold families on the floor of the year stock exchange hit it well.
Good morning -- morning everybody -- to futures here pointing to a slightly higher helping two tenths of -- percent.
For the Dow Jones industrials and the S&P 500 tech heavy NASDAQ.
Is looking to be the best and the -- chair and that opening bell rings in about 28 minutes.
So we'll keep an eye on the NASDAQ which is back above.
That 3000 mark a lot of the traders have been talking to take a look at a Bank of America some of the financials for example are looking a little higher this morning that lets the traders have been talking do you still think that.
The fiscal -- will be solved in some way at least partially.
The trend still remains to the upside and that's to a certain extent what we've been seeing keep an eye on apple one that we watch so closely yesterday but it is -- 501 and changes during regular hours in the premarket actually vote broke.
That 500 dollar mark for the first time since February so that'll be one to watch today close to that.
Five -- mark yesterday but certainly all over the map and look at it today out of five sliding -- I mean this -- all over the place and a lot of the traders I talk to -- chemicals back they considered a buying opportunity.
I want to also take a look here at Carnival Cruise Lines that the conservative guidance that they've given.
No more -- says you know what conservative guidance -- Carnival cruise line well that may be a buying opportunity so that'll be one to watch.
I'm sticking -- this one and Amazon's price target by the way it was raised today over -- RBC capital.
300 box up from 250 -- -- Baker -- -- talk about killing oil Baker Hughes is coming under pressure because they cut their forecast.
In North America for drilling -- as result.
Seeing Baker Hughes under some some pressure Hovnanian the homebuilders did so well yesterday this was on.
So my -- by some of the economic indicators that show that the improvement that we've seen in housing and home building.
Are likely to continue into.
Early 2013 so we saw a lot of -- homebuilders up.
Hovnanian is looking good today could see an up arrow there on that one last but not least -- -- -- -- -- -- of vitamin shop all things vitamin shop but that make it agreed to agreeing to -- Assets of super supplement think -- fifty million dollar deal in cash and North Bergen New Jersey.
So this is someone gonna keep an eye -- as well in the smaller deals but.
That was kinda keep an eye on movers so this'll likely be one today dollars lower ninth and can check on those commodities -- back to you.
All right ethical -- -- -- on the floor of the new year stock exchange spectacle.
Like nickel then we're gonna take a look at commodities now oil and gold are both up have been pretty much damn morning -- oil now up about 65 cents trading around 88 dollars a barrel gold up almost -- dollar.
Imus in the morning continues right now on Fox Business.
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