pretty broad based buying today. despite some heavy headlines out of russia. i will see you tomorrow on opening bell. stuart: can it be? it sure looks like it. panic mode in moscow. despite desperate measures. putin's economy faces depression deep trouble over there. here, the gas price tumbled. every american and if it's on every trip to the gas station. this is the most important financial story of the year. "varney & company" is about to

begin. ♪ stuart: we will get to oil's collapse and russia's panic in just a minute. taliban gunmen stormed a school. at last count, 126 people killed. most of them students. the killing of these children was deliver it. half a dozen terrorist stormed the school. they set off bombs. one soldier killed. the fighting is now over. to the markets. check the big board right now. we opened down.

we are up 84 points. they are at new lows. ninety dollars a share as we speak. it has rebounded a little. let's take a look at the price of oil. that is the big price of the year. we have touched very small change earlier. putin giving pete in part by american target enterprise fractures. am i right? >> he has somewhere around an 80% approval rating. overnight, the russian central bank came in. it is very bad for the economy.

everything that you buy with those, prices go up. in the meantime, about 75 points on the dow. people were very nervous. if russia fails, what happens in the global economy. oil has gone from 100,000, can i mark with you a little bit. $115 a barrel. we have made a massive slide from there. it continues to fall. i have been in those pits. i know what those pits are like. it can go to 50.

here is the good news. if you are an investor or a stock trader, what is going on with the price of oil. this is not a bad time to start. if you are already in, do not average here. >> that is interesting. you think it is not a bad place to buy. >> i continue to buy this. i think it is a fantastic way. a full range of oil stocks. it is the whole oil barrel. it is a great overview on the oil industry. fifty-six dollars. fifty-seven dollars a barrel.

at these levels, you are much closer to the bottom. lowering oil prices have to come down. you will see a two dollar from price. they can spend it. we do not save very much. it is in the single digits. whatever we keep, that could be $200 per household. that is fuel for the economy. it will bring the price of oil back up. >> you are saying exactly what we have been saying, previously.

>> i have been sending you guys e-mails. i have seen it. i think we are on the verge. stuart: russia stocks. they are getting hit. nicole: we do actually care about this. the ruble itself has moved to record lows. they did have interest rate hikes. down 2%. down 13 and a half percent. those are some of the names that people know less. the ruble's move could affect

some of the names here at home. smart phone sales for apple, sony, samsung. oil back above the $56 mark. >> we will take that. it is called volatility. i am excited to announce i will actively explore the responsibility of running for the president of the united states. >> let's be honest. he would run only if his friends were not going to run. marco rubio probably out of the race right now because of that. i'm immensely popular among

conservatives. number one, he called illegal immigrants and at of love. that really ticks people off. he has been a very, very strong supporter of common core. he will have to figure out a way to fix that one. >> the dow is up now. there you have it. on the same day as the sydney lone wolf terror attack, our own military will get this. our men and women in uniform are not feeling positive about their service. 56% of the military say that their quality of life is good or excellent. congressman peter king with us

now. are you okay with cutting the military at a time like this? >> in many ways, al qaeda and the affiliates are more powerful than ever. al qaeda and isis and other groups are on the move. we asked more and more of our military. the president talking about how he will cut back. >> can the republicans turn this around? >> spending money wisely and alel very strongly about this.

very, very supportive of our military. more support when it comes to the congress. we can have a presidential candidate making clear and consistent points. not just the good days, but that that days as well. >> may i moved to the lone wolf attack. i want to see a much stronger approach for domestic terrorism. i want the president of the united states to identify as islamic terror. am i going to far? >> no. i think you are saying exactly the right thing. the fact is, there is a real threat within our country. it is within the community to find the support.

it is important that we stand by federal enforcement. they have to be aggressive. you monitored for them. you watch them. the associated danceable. you have to find out where the threat is coming from. when the fbi was going after the mafia, especially the bars on the west side of manhattan, that is just reality. 126, most of them children.

can i have your first reaction to that, congressman? stuart: i am sorry, sir, i lost audio. charles on fox news said we must go to the source of this terror. do you think there is a stronger opinion in the united states? isis or the taliban in. >> it probably is not. we cannot just retreat. we have to realize that what is happening in afghanistan, iraq, yemen, can have a direct impact on us here in the united states.

he is cutting back. we will do whatever we have two due to go to the source. >> think you for joining us, sir. new york city's mayor, he slammed cops for coming down on people selling untaxed cigarettes in the street. that is what eric harner was doing. the mayor had filed a big lawsuit to keep those untaxed cigarettes out of the city. a former nypd to text it weighs in on that soon. >> they should not smoke. nobody should smoke. probably providing a much needed service and the police took his life.

♪ thanks. ♪ [ male announcer ] fedex® has solutions to able global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ and cialis for daily useor you. helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain,

as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.

stuart: check out the board. it looked very different at the opening.

low oil prices pushing stocks down. now we are up 100. look at them now. bouncing back nicely. gas down two cents overnight. the national average is $2.52. $1.86 in oklahoma city. getting caught up in what is said to be a lie. why did he do that? >> because it came the same week.

talking out of both sides of his mouth. >> it is typical. it is a claim that was filed by new york city. they knew that was going on. to play these cops for using the quality of life thing. he should step up to the plate and stop lying. he has been lying all along. he knew all about it. the cops only did but they were told to do. it upsets me so much. i talked to cops outside. stuart: i am told that their deblasio has lost the support.

>> they were in a hospital. they were the. they have the demonstrators stopping traffic for all new yorkers. they are being disrupted. where is the freedom for the new york people? this is at a point where this mayor has lost control. we should have a recall on deblasio. gave him the heck out of here. this guy really upsets me. i choose not to have them at my

funeral. >> the loan terror attack in australia. that exposed our vulnerability in america to a somewhat similar to you shook it takes faith here. the only way we can do it is through our end halogens. >> are we eat quick to do it? >> we have to get more and halogens. this is all mine going. now we have the taliban and. we have isis.

we have a real threat here. we have two. stronger. we have to build our military up. we have to retrain. >> i've got it. how many people in this country agree with you? >> who would torture someone to get that information? i want to protect america's country. i've loved this country. they see our week this. we are pulling back on our military. >> watch out, oh diesel.

put the big board up, please. we have gone straight up in the last 30 minutes. of 130 as we speak. elf on a shelf. is he also teaching kids that spying is okay? one canadian professor thinks so. we will tell you what she said next. ♪

>> what he does is watches over your menorah and there are different rules, you will name him, spend time with him and we changed one of the rules. you were talking about consumerism. one of the knights kids will give presents to someone in need instead of receiving presents. stuart: that was in honor of the first day of hanukkah which is tonight. that is the answer to the elf on a shelf which by the way according to a canadian

professor is teaching our children that spying is no cable is the elf is meant to watch your children during the day and flies to the north pole and night to to report to santa if you have been naughty or nice. what do you think? does this teach kids to accept her in surveillance? let us know and your face book and twitter pages. here is a stock i will bring to your attention. walk -- look at this. good lead a new 52 week low. google is down four points, back to 511. good news for pet owners. researchers found having a pet may lower your stress and in society. as is without a pet after feels to the human hand. must of the research is yet to be confirmed to. research shows having a pet may be associated with lower risk of heart disease. there is big money in pets. it is the $52 billion a year industry and petsmart which sold for $9 billion, which brings us

to this special trivia question. if you were the first person to guess the answer to the following question correctly on our facebook and twitter page you will receive a tie that i have one on this program signed by need. the blue one is up for grabs at this moment. here is the question. how many dogs do iphone? keep quiet. let's see how will you pay attention when i digress as i often do during the show. submit your answer on our facebook and twitter pages. we will reveal the winner at the end of the show. if you have warned that blue tie enter now. i hope somebody enters. sony seeking its lawyers on media outlets warning them not to publish any of the details released by hackers. can they silence the press like this? how does a public health threat, our new surgeon general says yes they are. judge andrew napolitano fired up

about this one and he is here next.

stuart: look here. tuesday morning but we go, 200 points higher, the dow not struggling but powering back to 17-4. biggest percentage winners on the dow.

chevron, oil company, 3 m, exxon oil co. boeing, two of the big oil companies moving nicely higher. check will, that is actually having a big impact on stocks this morning. oil is up. maybe the oil price decline is over. that is what some investors think and partly why the dow is up 200 points. oil $56.93. jeb bush tweeting in 2016, quote, i am excited to announce i will actively explore the possibility of running for president of the united states. charlie gasparino is here. >> it is his association with the bank industry. if you talk about the populist wing of the republican party, they are very skeptical of banks and we do know jab was an adviser to lehman brothers in the 2008 financial crisis. he remains an advisor to

barkley's, and even as he creates this exploratory committee jeb bush is remaining as a senior adviser to barkley's. i think by the end of the week, that will be over. this spells the biggest trouble he has with certain aspects of the republican party. and the report of common core, that kind of curriculum, and they don't like some of his stances on immigration but where republicans may agree on everything is the republican party is not in favor of big banks and some of the stuff they do and this is what will hurt him going forward. stuart: what other potential candidates, marco rubio probably won't run. what about chris christie? >> let me get to that. mitt romney, this hurts when i talk to republican fund-raisers.

karl rove is -- stuart: jeb bush are the front runners. >> table fight it out for the same pool of money, chris christie does get screwed in this as he runs. can layingone touted his support for chris christie's support. one of the biggest republican fund-raisers, if you noticed what he said in addition he likes jeb bush, he likes mitt romney, he is hedging his bets. he will go with jeb if he is serious about this. you guys have better political consultants and me. mitt romney doesn't run. chrisis the establishment favor. we will see a republican populist steps in and take a advantage of his association with the big banks. >> he is telling the media to

quit it. and risk--that sounds like red meat judge andrew napolitano. can they tell the media don't publish? >> the media can tell them to take a hike. david foley is one of the best known, this respected trial lawyers in the country blues something he is not a superstar and some people think he is. he can say what he wants, if the subject matter of those e-mails is of interest to the public, interest as in the new york post style of salacious interest, if the summit in those females is called false light. private information in which there is no legitimate public interest, medical information about an executive at sony. stuart: which has been published. judge napolitano: correct. they will have a problem publishing it unless it is of

material interest to the public. when jamie dimon had his cancer scare, to know about it not, if this executive, don't know who she or he is is claiming perfect health and ordered keep stock prices up, the materials are showing serious in perfect health than the publication of those materials is protected. stuart: i'm reading between the lines. you are saying is the long shot, to stop the publication of these negative e-mails. judge napolitano: only that which is truly private and of no legitimate interest to the public could there be -- can't stop it from being printed. he can seek damages for the effects. stuart: not going to work. last point. no such thing as up private e-mail between any two people or any group e-mail period. judge napolitano: you would think the company as wealthy as sony that specializes in technology would know how to protect itself.

what we could all fall to is this. the public has an interest in knowing whether or not you exchange pictures of me, yourself driving that tractor in your flip-flops. stuart: i want to see that. judge napolitano: i want to see varney. connell: in short and flip-flops. unattractive. stuart: have you done with this? >> can we have judge andrew napolitano on at the same time? eugene schwartz. don: not me. y s stocks -- all right. the surgeon general has been confirmed by the senate. he is big on gun control. what has it got to do with him when he is the surgeon general? what is going on? judge napolitano: in the white

house's view everything because in the regulations promulgated by hhs when they distributed 40% of the laptops to primary care physicians, one of the questions and those laptops in the initial interview of a new patient is do you own a gun and another question is are there guns in your house? when your doctor asks that you, just say it is none of your business. the law does not obligate and answer but the law does obligate the doctor to ask. having that administered by someone as fiercely anti-gun as this person is is going to ratchet up. stuart: is a major contributor, bungler -- judge napolitano: all presidents appoint people, usually a surgeon general is above that for a. is largely an honorific position. he becomes an admiral in the navy. he has the bully pulpit with which to cajole the medical

profession. judge napolitano: any thoughts on the new surgeon general? >> is he ever coop. he took on some real issues losing wasn't a bungler i don't believe. he was interesting. remembers the woman clinton appointed that advocated masturbation? an african-american woman. i liked her too. don: you really brought -- >> she gave common-sense. the advice to young children. stuart: power of the internet. ups launching a new pr campaign, which is delivered and they delivered big for one 4-year-old boy who wanted to be a ups driver. they got him his son many ups and drug. it went viral of the time. look at that.

>> is this trick or treat again?

nicole: i am nicole petallides with your fox business brief. did jeb bush bounce. the dow jones industrial average up 213 points. big gains after earlier today when we have been down 200

points, concerns about oil has also moved higher, markets up along with it. $56.95 for oil, the down movers falling, chevron, leading away and microsoft and nike under pressure now. boeing authorized a share repurchase, chevron hit a low and 3 m projected 12% earnings growth with the dividend. jeb bush, exploring the possibility of running for president of the united states. that turned the markets around. in new ceo and the stock reacts higher up 3.2%. much more "varney and company" coming up.

stuart: the white house publish the blog coast from the in the economic recovery. tell us about it. peter: the council of economic advisers on the blog posts saying the u.s. economic recovery took a major step forward in 2014 at achieving a number of important milestones, the council of economic advisers siding job growth, reduction of unemployment etc. and saying the president's policies contributed to this progress in a number of ways through obamacare, credit for slowing growth in health-care costs. all of the above energy strategy, and response to the financial crisis that the blood poses despite this progress is hard for many families to get

ahead. further reductions in long-term unemployment and faster wage growth are needed. stuart: ups is looking for good pr and they have got it. they have of viral campaign going on called wishes delivered. one which they did deliver was for a carson, 4-year-old boy in colorado who has a great relationship with his ups driver mr. ernie. he had a wish they gave to carson. >> every single day i come here and get the same reaction every single time. all that excitement. he is always ready, waiting for. ♪

stuart: and here is kate goodman, senior vice president of worldwide sales and solutions. that was brilliant. if you want good pr that is how you get it, well done. >> thank you, nothing like the pure joy of a child. stuart: carson is a real child, right? you didn't invent, not an actor or anything? >> no. you can tell from his long relationship with our driver, as carson says, it is a long meaningful relationship they had. stuart: that was good pr. now i will move to the real story which is christmas delivery times. if i order something on december 23rd, a you guaranteeing of get it on december 24th? >> if you think about the last year we put a lot of work load into working with our customers,

largely retailers, high-tech firms to ensure we are all prepared. working on better forecasting, expanded capacity so if you should get there it will be delivered on the 24 if. i would add that there is increased capacity throughout the market but that doesn't mean limitless. shopping really is good. stuart: merchants are putting you on the hook because they are saying you order from us on december 23rd or we will get it to you on december 24th. you are going to get it to the month december 24th. they are saying they're putting you on the hook. do you object to that? >> we've realized we needed to make sure we needed to get better discussions with our customers, more meaningful ones. we did that, started talking volume levels, quarters, the relationship between ups and our customers is tighter than it has

ever been this year. they want a successful experience for the customer as do we. stuart: we would like to use you as an economic indicator. tell us what you're shipping volume looks like so far this year compared to last year. are you allowed to tell me? >> absolutely. we saw something occurs this year, the promotions occurred earlier in the week of thanksgiving with good retailers from the start, their strategy, and so volume levels started from that monday before thanksgiving, we had black friday operations that blend seamlessly and quite a bit of volume. quite -- 583 million packages will be delivered in december so quite a bit. stuart: 585 million packages. how many last year? >> 11% increase. stuart: that is a good number.

very good stuff. >> definitely. stuart: your shipping volume up 11%. that is not bad. be happy. >> thanks, will do, thanks, stuart. stuart: now this. americans i am told love their bourbon. they are willing to pay big bucks for high quality. up next, jeff flock. a distillery and the heart of whiskey country where they are making the most expensive suburban. how much do you think? we will tell you next.

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stuart: time for family. if you want to make mom happy go along with your brothers and sisters or something like this might happen. >> in raleigh, north carolina. >> i am from down south. i am your mother and i disagree that all families are like ours. i was very glad that this

thanksgiving was the year you two were supposed to go to your in-laws. and hope you have some of this out of your system when you come here for christmas. >> what is it like to raise these two boys? >> hasn't been easy. >> off the cliff from c-span's washington journal. you had the disapproving mom and dad all unfolded on live tv. we have some boos here. $4,000 of bottle, $625 a shot, only 273 of these bottles actually made, jeff flock in louisville, ky at the mitch's distillery where the $4,000 bourbon is made. i know all about the bourbon. i want to know one thing from

you. have they given you a sample? have you had a simple yet? have you had the shot yet? jeff: i am just about to have it. opens this barrel up on your show on live television, it is in the beryl and you can dump it. so what that looks like. that is putting scotch, the fine scotches of the world to shameless that is american why risky -- rye whiskey. take some of that, would like me to taste some. the master distiller here, willie pratt, so we can show stewart what we are doing. >> whiskey thief, really uses thato ta a spl out o barrel. >> joe is the president of mixtures and that is -- >> yes, sir. >> what proof is that? stewart is concerned we are

having some issues here. >> coming out of the barrel, 317 proof. >> 117 proved. let's see what we have got there. $4,000 a barrel for their solar match. this is right and can we drink on television. >> okay. we are down the the symbol barrel, 117. >> perfect -- our production is more like 82-8. back to you. stuart: very good. you are a good sport and merry christmas to you. the intents to work at that brewery for the rest of the afternoon. the world falling apart and president obama is cutting the

military. what do you think of that? lou dobbs joins us in a moment. mark siegel and the anti-gun surgeon general. what has the surgeon general got to do with guns? our 2 two minutes away. she's still the one for you. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved

to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.

stuart: what a contradiction. the world is on fire and president obama insists on deep cuts in america's military. what a contradiction. islamic terror discuss the civilized world but president obama won't call it what is is. america is presenting an image of weakness and defeat. instead of rallying the good the president apologizes to the bed. e-book at the army and navy back to levels not seen in 70 years. he seems willing to accommodate an iranian nuclear bomb. he stood and watched the rise of isis, the fort hood massacre is still work place violence and where is there any kind of understanding that islamic terror, lone wolf style has

arrived here? the president has not kept the peace around the world. his weakness has helped destroy it. the president has not won the war on terror, he doesn't even recognize it. two more years of this. in a moment lou dobbs on turning this around. before we get to the market rally, here is the update in pakistan, taliban gunman storm the military school, 126 people killed, most of them children. congressman peter king of the house homeland security committee in the last hour. >> in the commander in chief to mobilize public opinion. we can't retreat or be isolationist or hiding behind the border. we have to realize what is happening in afghanistan and

iraq and yemen could have a direct impact on us in the united states. stuart: let's get to greg parker in london for the latest. >> it is now being called the deadliest terror attack in the history of pakistan. that spent a lot in pakistan, it is certainly the most brutal. it all happened early this morning near the border with afghanistan. that school went from reading and writing to bloodshed and more. seven taliban militants armed with guns and suicide vests stormed the place and went on a shooting spree killing student after student. at one point setting a teacher on fire and making the teacher at students watch. i witnesses spoke of rooms and hallways strewn with bodies. pakistani military commandos entered the scene battled the terrorists for eight hours militants holding some students hostage, as we drove the militants detonating explosives

after killing all the militants and clearing the school's exclusives the pakistani military authorities confirmed fox news that the siege is a over. along with, the figure we have is 141 killed, mostly children including teachers, there were at least 121 injured, many of them, hospitals overflowing, the city overflowing with grieving parents. by the way the schools specifically picked because it is a school mostly for the children of pakistani army officials. the pakistan military has been waging an offensive in that country against the taliban for the last six months or so. one final note to bring this into perspective for our viewers, there are big u.s. links and concerns about this taliban grew. the pakistani taliban claimed responsibility for a deadly attack on the cia base in 2009 and that fails. times where bombing in 2010.

we have been attacking it with drones and is linked to the taliban afghanistan too which we are battling with. no wonder president obama coming out and condemning this attack today. stuart: thanks very much. let's get to the rally, checks the big board, we are nicely higher, up 160 points. oil is up, helping to lift the price of stocks. the dow is off of its highs for the day still up 160. oil up, stocks up, the big oil stocks are winners today, chevron, exxon, 3 m and boeing, dow stocks leading the market higher. the price of oil $56 a barrel, it was higher than that earlier and now is at 5601. let's get to the president's comments about our military, he says it will become leaner. lou dobbs is here. welcome back to the program. why is the president insisting on cutting the military when the rest of the world is on fire?

>> the president made it clear he wants to withdraw. you wants to pull back from the rest of the world. he announced fort dix, a joint base yesterday, they're going to see, the united states will withdraw further but this was going to happen in respect of of his wishes or his plan or the so-called obama doctrine because of sequestration we have been watching the budget drop and drop. we have seen the number of missions and was expanded to expand. our special forces people in particular are being brutalized by this commander in chief, the number of missions they carried out in iraq, afghanistan and around the world's, we are asking so much military, and is going to bring forces to the enemies around the world. stuart: republican congress for the next two years, will the republicans reverse that? will they spend some more?

>> the republicans are party to sequestration. this is part of their doctrine as well. they have been full participants in sequestration. it is part of their grand bargain. it is asinine will we are watching this government do. people have to understand this rises beyond the socialist, central government, central plan chief executive who is turning our traditions and values upside-down. he is willing participants and partners in the republican party as well. stuart: what do you think of the american public. would they favor a renewal of more military spending? larger military? >> i don't think so right now. this is a country that is tired. we are tired of losing. we have been on the wrong end, on the wrong end of the foreign policy and military policy of

our governments and the republicans and democrats for the past 13 years from september 11th to today. those schoolchildren killed in pakistan by the taliban, the very same organization, we destroyed some. we moved them out of afghanistan 12 years ago. we had won and then proceeded not to burn poppy fields, we will lead from behind. we have watched utter madness in foreign policy by this government and its presidents over the last two -- stuart: un isolationist? >> absolutely not an isolationist but i am realist. the reality is this. if we decided that we have been confronted by an enemy we need to destroy that enemy. we have fools in the pentagon talking about long wars and counterinsurgency. they should be talking about

goals, achieving them and focusing on the men and women who serve this nation in uniform. they deserve far better in leadership from civilians and their military leaders. stuart: i want to run by you a tweet from jeb bush earlier this morning, i will quote directly from the tweet, i am excited to announce i will actively explore the possibility of running for president of the united states. your reaction? lou: restarted that with his book on immigration which he had to reverse posture. he has trotted it out every three months. am i supposed to be on the edge of my speech? let me tell you point blank i am no more excited about abortion and i am a clinton. we have got 315 million people, don't you think we have sufficient dna from which to drive a we need more than a symbol full with labels on it bush and clinton? what is next? obama? stuart: support for jeb bush is because some republicans think

he can win. mainstream middle-of-the-road republican candidate. you are laughing. lou: he may win. who knows? the reality is each of these candidates, and there will be many of them in the republican primaries, they are there because somebody they could win, whether it is chris christie or rick perry or -- you name it but he is trying to be chlorinated. 71% of ceos support jeb bush. they haven't the slightest clue what he is about but everybody should be thinking about it. 71% of ceos, he should be suspect that every quarter. stuart: sarcasm is a low form of which. stuart: lou dobbs. thanks. back to oil. a modest bounce today, $56 a barrel, up $0.09. i will call that a modest bounds. come in from chicago.

when oil was at 70 you said it went to 60. when oil was it 60 use said it went to 50. are you saying it is going to 40? >> we have a good chance of that happening because a lot of guys are trying to pick bottoms but the institutions are good sellers. we had a little bit of a balance recovered with the equity market but this thing looks like it is very heavy, a hard trade to get behind on alongside so once the meltdown, an easy meltdown so i think you could make a run of 45, maybe 40 and then we will plumb the depths but this is feeding on itself right now. the crowded traders on the short side. connell: when you think stocks go down with oil if it does break some more? >> i and seeing some things come across the desk saying the shale oil industry, hired as many people as we had in other parts of employment in 2008, so we had

30% to 40% of the s&p, energy and oil evolve them. these things will leave things down and is that a play we thought we would love low oil prices, low how important it is to the economy and what it does to the stock market when it goes down. stuart: fascinating. thanks for joining us, see you soon. don't look now but some big-name tech stocks are cheap, they look cheap. what have you got? nicole: we are looking at technology stocks. the nasdaq composite is under the gains we are seeing for the s and p and also the dow. jpmorgan lowered its revenue in earnings forecast, and that stock hit a new low of 50662. look at the other names, apple gained some momentum but amazon and netflix fell to the downside on a date we have all ten sectors higher, technology is on the bottom portion, the worst of

the best. that and consumer stocks. the price target is 60670. lower organic growth. stuart: thanks very much. every day we have a story about uber end every day is negative. coming up, why the masters hate it today and why they're out rage is not warranted. one of the biggest stars in pro hockey, said the crosby, several hockey players came down with the mumps. mumps is still around? dr. mark siegel will explain that one for us. later, turns out this high school kid did not make $72 million trading stocks during his lunch break. the full story is a hoax in a moment.

stuart: talk about a blast from the past, reynolds's pontiac trans am from smoky and the bandit sold at auction for $450,000. the estimate price was $60,000. was sold at julien's auction at the palms in vegas, it is big money. the white house today published a blog post from putting the economic recovery. lauren simonetti has been picking through it. what is this i see about

obamacare saving money? >> this is from the chairman of the council of economic advisers. he writes, quote, in part due to the affordable can't act creating major savings for households, businesses and the federal government. stuart: how did he arrive at that? >> employer health-insurance premiums grew at a rate tied for the second lowest on record. stuart: employer premiums are rising. that means households are saving money. may i point out the deductible on almost all plans is going straight up it is and out of pocket expense for everybody? >> if you are lucky enough to be covered with health insurance that comes from your employer and your company, so many people are struggling with this health-care bill and obamacare and the premiums. they are in shocking malls begging them to sign up to meet

the numbers but it is the second lowest price inflation in nearly half a century. stuart: is a thin reed to. appreciate you doing that. by the way oil just turned negative. is losing ground in terms of price. the dow is still up 160 points. $55 a barrel on oil and down a little. the dow is up holding on to a gain of 160 points please sidney crosby arguably the biggest star in hockey is diagnosed with the mumps. 11 other players have the mumps as well. dr. mark siegel is here. i thought we eradicated mumps with vaccines but it has made a come back. >> let's not make this an anti vaccine segment. i love the vaccine and i think it has done a tremendous job eradicating mumps but it is only 90% effective. the other problem is not

everybody is vaccinated. so it gets into populations that aren't vaccinated and spreads among people who aren't immune and think they aren't in the close confine them off hockey team when they're in the locker room together is easy to spread. is a respiratory virus that causes swelling, haiti, fatigue and loss of appetite. stuart: when it comes to these old-line diseases i thought compulsory vaccination had gotten rid of most of them but it appears vaccination is no longer compulsory and these diseases are making a come back and that is a terrible thing with the entire vaccine movement. >> exactly right. it started in your home country in great britain because of the studies that was later discounted the show a connection between the vaccine and autism but it was not actually the case at all and the fear causes people to be in noncompliance with these vaccines, this particularly important vaccine with stomach excuse not to take

it. all kids should have it. stuart: the cdc, centers for disease control says far more youngsters are using electronic cigarettes than previously reported. 260,000 teen that mid to use, triple the number from a couple years before. any problem with this? >> it is an $11 billion industry. it is burgeoning. it was the $1 billion -- stuart: it is not going in the lungs. they are giving them the drug, the nicotine getting into this teenager systems that the smoke is not getting in the lungs. >> fair point and it is less of a health risk than cigarettes but also and enable iran illegally in 40 states for minors to have hit but they are getting it anyway. going to the 711s, figuring out ways to get it and it is being marketed for kids who are not allowed to happen and they are turning around the 80% of kids

also smoked regular cigarettes. cigarette smoking among teens has decrease dramatically over the last 15 years. this is bringing it back so this is more of an enabling. stuart: is bringing back nicotine, smoke. >> nicotine is addictive. you say i am onto a nicotine product. stuart: would you? >> no. nobody is going to comply with that. i use it to get people off of cigarettes. people in my office nothing else works. i will use the cigarettes but the flip side of the call in our kids going into stores and using it and getting on tobacco. stuart: the senate confirmed america's new surgeon general, this appointment is called a loss for the national rifle association because he is an outspoken anti-gun advocate. what has the ownership of guns and the use of guns got to do

with the surgeon general of the united states? >> that is very disturbing especially given the history of this office. avery coop was involved with smoking cessation of a big level, the first person to talk about secondhand smoke, was involved with hiv, richard, ramona under george w. bush was the owners, a physician, was in the military, a vice admiral in the public health service corps. it seems to be you should have a military background before you are the surgeon general. not talking about banning guns. i don't see that as the purpose of a physician. "imus in the morning" when you raise a lot of money for president obama and now he is the surgeon general undermining the office. >> agree with you. let's just hope what he is saying is true which he will fight obesity because that is what we need him to do, not guns but obesity. that is the biggest epidemic. stuart: dr. mark siegel, thank you very much indeed. up next the christmas gift of the year, my ties. we are asking for the questions

giving three of my ties to some lucky "varney and company" fan. we have another trivia question and another chance to win after the break. ♪ here's a question for you: as nations develop over the next 25 years, the world will have almost twice as many cars. how much fuel will be needed to power them? about the same as today? 50% more? 100% more? the answer is... about the same as today. by 2040, advances in fuels and vehicles could enable about 75% better fuel economy than today. take the energy quiz -- round 2. energy lives here.

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stuart: a popular apps for people looking detect traffic and air on the road. it easy traffic back that you can take another route. it is making a lot of people in the los angeles area net. why would that be? >> they lived in a beautiful suburbs of l a and it is the most congested traffic in the entire nation and the apps which is owned by google lets you report on the local traffic conditions and read out you through this quiet suburb with this once quiet suburb. the 405 looks like it does on these quiet blocks in this area. stuart: the track again los angeles is awful, terrible. >> a thousand cars a day.

stuart: the traffic here and there, if you go through this nice neighborhood, no traffic. everybody goes through that maze neighborhood and the neighborhood people don't like it. >> they tried to report fake traffic conditions to fake out the apps. didn't work because it is so popular they getting around a fake traffic conditions. anyway, that people are liking it. it is changing where we drive. i would be annoyed. i live on a quiet block can't pay high taxes. stuart: back to you in a second. time for our second previous question of the day. please go to our facebook and twitter pages to enter the following question. whoever gives the correct answer will receive that type, the one i am holding, a very personal piece of marty. what is the when thing that will get my children written out of my will? i said it before on this program.

let's see how closely you have been listening. we will review the been is that an end is a. first with how many dogs have i got, second question, what gets my kids out of the will? uber taking heat for jacking up their prices during the sydney and attack. are the gouging the consumer? lauren has the answer later. elizabeth warren, the new darling of the left could give hillary run for her money in 16. we have a democrat who says her entire wall street record is just what our country needs. >> why in the last minute as you head out the door and expending bill must be passed, are you making it a priority to do wall street's bidding? who do you work for? wall street or the american people?

stuart: the dow industrials holding onto a very nice game. oil turned negative. the stock art. hold onto its gains even though oil is down. the national average is $2.52.

every other state has regular gas well under three dollars a gallon. uber search pricing. an automatic price increase. >> four times the normal rate. i saw three and a half times here in the city on halloween. uber realized the situation that was going on. here it operates a little differently. you cannot price gouge.

nonetheless, uber has apologized here. stuart: an enormous demand for cars and drivers. everyone wants to get out of the chaos. >> what is wrong with that? >> you have to put the price up. >> uber will tell you it encourages or drivers to get out on the road and meet that demand. >> i think that we agree.

stuart: anti-wall street, anti-bags, hates capitalism. nancy skinner is with us. i believe that you are very much in favor of senator warns candidacy. anti-wall street. all government all the time. it has not worked for six years. >> good morning. jeb bush tweeted that he would be running. the legacy presidencies. i do not think that jeb bush can't really go at it. stuart: senator orrin. do you support all government

all the time? tax the rich. >> i will say this, the only way that jeb bush could run is if gore ran let's talk about elizabeth wharton. i hope that she runs no matter what. the two front runners are hillary clinton and elizabeth wharton is excellent. i like them both. she is not anti-capitalism and hates them all. trading the key investments. exactly the kind of business that got us into the crash in

2008. all that money for that too big to fail banks to get back on their feet. >> you are a democrat. do you support this war ends policies? >> tax the rich did not work. we ended up having to bail out all of these companies. stuart: nancy, i want to get something really clear here. tax the rich. that has not produced prosperity in america.

that is precisely what elizabeth wharton wants to do more of. i say that is wrong. >> okay. we had pushed for ten years. he inherited the surplus. those policies are what did it. we need to get money back in their pockets. i think she is a powerful candidate. >> we have a few nuggets to go out there. nancy, we are out of time. >> merry christmas. stuart: mary christmas. big problems for president putin. crackers could take some of the credit for putting that guy in the corner.

we have an oil driller on next to discuss it. what was the biggest surge topic on google. this was easy. no ties at stake here. we will have the answer after the break. ♪ dad, i know i haven't said this often enough, but thank you. thank you mom for protecting my future. thank you for being my hero and my dad. military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right.

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brief. the dow jones industrials up the nasdaq up 23 out 4628. we are watching chevron and united tech elegies. keeping a keen eye on oil hitting new lows today. up three quarters of 1%. cbs. gains in their specialty drugs. proving goldman sachs updates to a buy. stocks up right now. more "varney & company" coming up. ♪

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>> we asked to before the break what the most searched topic on google was. robin williams won the list. the world cup came second. let's get back to you and your money. tom, you have two guys and one cell for us. start with the parent of outback steakhouse. >> basically, the theme is an

increase to consumer discretionary spending. we all have a little bit or money in our pockets. very well-positioned. they are getting a very well positioned. more customers equals more profits. >> second on your list is target. >> we all have more money. the place was packed. that is in the past now. target is up the chain on those larger merchandise stores. >> on your cell list is make loans.

explain that one. >> it is the inverse. everybody wants organic. everyone wants fresh. instead what we are seeing is people shying away from mcdonald's. they are stepping up across the spectrum to nicer restaurants. people do not want mcdonald's type foods. mcdonald's just hit a 52 week low. stuart: thank you for joining us. we appreciate it. bring in the ceo of the oil drilling company.

you and i were both watching what was going on over there. >> yeah. stuart: 17% interest. the ruble went down to $79 to the dollar. you did this. drilling here in america. you pumped up the world's supply. take your victory lap. >> be careful what you wish for. opec started the collapse on thanksgiving day when did they decided not to cut production geared we find ourselves in a new era of oil. he has trouble over there that he cannot get himself out of. stuart: what happens to you guys

that are drilling wells in the united states? >> be careful what you wish for. >> maybe you move into the premium they said. the smaller guys may be so concentrated that they cannot shift. at that price, are we losing jobs in the energy sector or in the united states? >> we will be losing jobs next year for sure. be careful what you wish for syndrome. >> the downside is staying at this level.

>> there is a downside for sure. i do not think anyone can predict how low it will go. stuart: they got it right. does it go to 40? >> i do not think it is going to 40. i think it will get near 50. as you know, low oil prices are the best short. stuart: thank you for joining us. appreciate it. turns out the whole thing was made up. details after the break. ♪

3 employees who information was exposed are now suing the company.

>> the social security numbers were taken by guardians for peace. class action lawsuit. suing for five years of identity that protection. >> this is interesting. is sony liable? >> the big red flag is 90% are vulnerable to this kind of attack. >> shocking headlines recently from a teenager from new york. trading stocks on his lunch break. schapiro has more on that. >> they made the whole thing up.

it plays in to the stereotype. in this article, the reporter claims that these kids were having $400 caviar at lunch is at fashionable high-end restaurants. it raises the question, did she speak to the 17 -year-olds parents. when the parents found out, they found it hard to disown him. did the reporter see the bmw? it plays into a stereotype about wealth and wall street geared. stuart: making it up that they have $400 lunches. >> a 17-year-old.

it is the buildings. it is all that stuff. >> it is surprising. why was this not caught? >> i was shocked that anyone of his age could do that. >> there were a lot of red flags. it comes out tomorrow. >> which publication? reporters make mistakes. did the reporter questioned? >> yes. he said that she did meet with him. did she check out his story or

did she succumb to the stereotype? i do not necessarily want to link this to the rolling stone article. i do not want to make that link. >> there used to be a thing. we had to deal with gate keepers. >> a faster new cycle right now. >> not a magazine article. stuart: hold on everybody. it is the moment that you have been waiting for. who will win their own piece of "varney & company"?

how many dogs do i own? here is the answer. congratulations. she answered the question in a matter of seconds. obviously, she watches the show. what is the one thing that would get my children take out of the will? the answer is tattoos. congratulations to robert wade. we will be in touch. you will get those autographed. merry christmas to one and all. my two colleagues here are mute. stuart: sell it. let's see what kind of price you can get.

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stuart: time is up for varney and come. the 17 prophetic storm. telling you what he inks happens next. watch tv without the tv. that is the tagline. more on what the content everywhere plan means for it and its competitors. the world cup, flappy bird and the als ice bucket challenge all caught your attention this year. but if back what was on your mind. senator al franken is the chairman of the senate or subcommittee. he asked for personal