U.S. stock futures and world markets were down this morning, following the impasse in fiscal cliff talks in Washington late Thursday. Christine Romans is minding your business this morning with more updates.
Romans also takes a look at the run on guns that is intensifying after the Newtown massacre last week. Gun shops nationwide are selling out of military-style rifles, like the one used in the Sandy Hook Elementary school shooting. Gun analyst Ron Rando attributes the spike in demand for semi-automatic weapons to gun owners’ expectations that laws on the weapons may get stricter. He adds that such guns are easy to shoot and can shoot very quickly.