about 90-point. it is fractional moves that we are looking at. that is it for the opening bell today. farney and company is next. charles is in for stuart. charles: the monday before christmas. they are calling it super saturday. last-minute gift shopping. i am still not done. today is the busiest day of the year for ups. 34 million packages today. one third of the country bracing for some nasty weather, christmas eve. we will bring you the forecast, the markets and everything else on varney & company.

♪ check out the big board. there it is. oil sitting around $56 right now. under some pressure. here is the good news, cast down more than $0.02 overnight. not good news that gilead. moving much lower. taking a pretty big hit. we will get that up there and a second. there you go. existing home sales hit a

four-month low. what was not disappointing was last saturday. they are calling it super saturday. consumer demand. it looks like maybe we are getting some traction here. maybe we will play catch-up catch up saturday and the rest of the week. >> we have these big declines in energy prices. that will help the lower and the middle classes. eventually, we will see those lower prices. job numbers last month were good. i think you are starting to see some traction here in the economy.

charles: i am going to keep my job. i am going to get a raise. people may be continuing -- maybe extraordinary spending that keeps the market going and maybe gives it a spark. >> we have seen a lot of deleveraging over the past six years. you are talking about starting to see enough wage growth that people become confident and leave the jobs that they are in. i do not think that we are there yet. it is a good church or to read to be on. to really see a breakout, you have to have some kind of big fiscal reform. that is not something we have seen over the last six years.

hopefully, you will see some kind of incremental reform. i am hoping, as a going to the new year, that we will see some sort of discussion. reducing the burden on businesses so they can go out and take risks. charles: a lot of people will be shocked when it comes tax time. that will be where we better get a clear-cut signal from washington, d.c. that there will be some sort of compromise. >> it happens when we have a split of who controls the white house and who controls congress. is the president willing to make

those compromises? the republicans going. they say we are willing to give tax hikes. the president said he wanted a million dollars and tax hikes. that is not a compromise. charles: i do not think that anyone is going for tax hikes now. let's stay on retail right now. take a look at staples. a big holiday headache for these guys. >> the stock is pretty much flat at the moment for these guys. this is all about cyber security. they put a number of how many cars they have been affect did by the security breach.

1.16 million cars may have been affect. they are not the only ones. we spoke about sears, target and this comes on the heels of everything that has gone on at sony. charles: the dow holding onto those games.

when i read about this, i was a little alarmed. altogether different. you start talking about the vulnerability of the nuclear plant. >> yes. this is one thing that we need to look at. more than just credit card numbers. we do have our everyday technology that we rely on for electricity, for nuclear power, for sewers. if we could take that down, that could cause some real harm. charles: let's talk about that then. we know that there have been a lot of different attacks. a lots of that act is out there.

how soft and vulnerable is america to something like this? >> i really do not think that we have attached knowledge he to be able to say that this was an attack by north korea. we have moved forward with technology over the past 20 years. security was always in and out there that. if anyone could just get in and run regular computer scans, it really is one of those where a lot of organizations do not even have the skill sets to be able to know or detect these threats, let alone stop them.

charles: there is a lots of finger-pointing. a lot of these ideas are like one, two, three, four. where does it come? >> writes. that is one of the problems. myself, it can be slightly responsible. do not worry about security, we have it covered. unfortunately, what we have to understand is it is the responsibility of the federal government. it is the responsibilities of corporations.

the simple fact is, if we talk about credit cards, there are more credit card reached fan most of these major incidents that we see. what we may see in the future is that these home computers are used. >> the plot thickens and it is not getting any better. charles: two new york city police officers murdered over the weekend. the gunman shot them both point-blank. bo dietl is here. you and i both kind of remember new york city in the 1970s and early 80s.

i talk about that assassination attempt on one of the police officers. i saw you over the weekend. >> first of all, my heart goes out to those two officers and their families. he is just some of the names of officers. this has to be something that is brought to the attention. politicizing this is one thing. these two cops were working overtime. they were assassinated in their car. very bad.

this guy actually said i will kill two periods. 241. no one settled it down. i do not fear. we have the greatest police department in the world. when you let these demonstrations go, when you stop people from going home at work, this only sets the stage.

charles: and a lot of young people who don't understand , they are telling me to wrap it up. thanks a lot. >> merry christmas to you and your family. charles: crushing the american family. putin could resort to various disparate measures. ♪ ♪

you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job.

because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. they take us to worlds full of heroes and titans. for respawn, building the best teractive entertainment begins with the cloud. this is "titanfall," the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. and i quit smoking with chantix. people who know me, they say 'i never thought you would quit.' but chantix helped me do it. along with support, chantix (varenicline) is proven to help people quit smoking. it gave me the power to overcome the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix.

some people had seizures while taking chantix. if you have any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get rse while taking chantix or story of seizures. don' take chantix if you've had a serious allergic or skin reaction to it. if you develop these, op chantix and see your doctor right away as some can be life-threatening. tell your doctor if you have a history of heart or blood vessel problems, or if you develop new or worse symptoms. get medical help right away if you have symptoms of a heart attack or stroke. decrease alcohol use while king chantix. use caution when driving or operating machinery. common side effects include nausea, trouble sleeping and unusual dreams. i'm a non-smoker, that feels amazing. ask your doctor if chantix is right for you. charles: looking at the big board. the s&p is slightly in the red. moving relatively slow.

as many of you know and have been tweeting, fox news and fox business are no longer available on dish. a bow for a playoff spot. the rams linebacker shoved giants wide receiver. everyone is upset with this guy. both teams got involved. four players were ultimately eject it from the game. now another tough meeting. you have to take a look at this run. he was running over these guys.

one of the greatest runs ever. at least this season. look at this. high staff. one guy got scared and back up out of the way. he misses another tackle. could not get it from behind. >> charles, what are you doing with these markets? [laughter] charles: let's take a look at oil. down $55.52. cheap oil really has slammed russia's economy. will vladimir putin resort to desperate measures? you say vladimir putin will play the only card that he has left. >> let's look at the pattern we

are in right now. about one month and a half ago i called opec. the issue of a global margin call. now below 75 at a position that is structurally a function of is the large holdings of the hedge funds had to be sold off due to the obligations of collateralized loan obligations. mid- 50s for financial issue. what is he to do about this? he is not a member of opec. 70% of his export is oil and gas. 50% of his budget is oil and gas. he sits there with no war premium in the market whatsoever. he pushed crimea to do what it

did. the ruble is down 50%. what is his next move? create instability in the world market place. he will have to look to the middle east and asia. his move to get oil pack 275 in the next 12 months is to have an issue. >> that is a fine line that he is walking. he wants to get the oil price back up. they do not like the idea of sanctions on them. it is a tough call for him. >> certainly with the world watching, he cannot play that game that was played in 1995 the u.s. when it came to desert

storm. it is look at a difficult situation for us. he has the leverage and pull. he chooses to affect instability. if you are looking into what can happen in the oil market, i would say you should keep an eye out for what russia does. charles: all right. we will see what happens. we appreciate it. we will talk soon. i do not think that people looked at the military buildup under vladimir putin. he is preparing for some sort of, you know, cause of glory

days. he is in attack mode. this new book it gives the president all of this ability to sanction russia. he will not use it. >> it is a scary thing. no joke over there. a lot of people being pushed into a corner this travel weekend. you have a big winter storm. we will have a live report from the fox news weather center on that right after this break. ♪

charles: millions of people will be traveling to see their family or friends during the holidays. fox news meteorologist maria malina is in our weather center. the worst travel dave will be the day before christmas right

on this christmas eve. seeing areas of rain and even thunderstorms. there is not a whole lot of snow with this storm system. portions of the midwest will not be too bad. slight cancellations or two lays out there across portions of the midwest. there will be another storm system impacting the area with rain and mountain snow. take a look at the radar picture right now. another one across the southeast. both of these pieces will come

together somewhat as we head into the next 48 hours. busy out there tuesday into wednesday with showers and storms moving across portions of the eastern united states. rainfall accumulations will be quite heavy at times. flash flooding will be a concern across portions of the southeast. there could be an isolated tornado as we had in to tomorrow. in the rockies, take a look at this. several feet of snow forecasted. very strong wind. 80 miles per hour along some of the other elevations. charles: thank you very much, maria. president obama made history. up next, we talk about an

american that actually disagrees with me. he will make his case after the break. ♪

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.

charles: let's check on the boards. this might be the high of the day. less than 100 points away from

18,000. under a lot of pressure. national average for a gallon of regular is $2.39. one station is below $2 a gallon. look at that not. $1.68 in fort collins, colorado. arizona will accept drivers license applications from undocumented immigrants. mary, this is something that we know you are quite passionate about. >> our viewers are very passionate about immigration, as we know. the problem i have with this is it is a temporary measure. if there is one part that is not controversial, it is to legalize

dreamers. they came to the country, no fault of their own. they want to go to work. they want to go to college. they want to drive around. charles: i committed no illegal act. >> there is no controversy over there. i know there is not. talk radio wants to make controversy about this. look at the numbers. it is a false equivalent. charles: no, it's not. the vast majority of americans support finding or making these people go to the back of the line.

the people in america that want to deport or somehow say get out you are talking about less than 10% of americans. >> the true check the three of polls over the last year. charles: the majority of americans feel that this is unfair. when you do this, all you are doing is throwing out the red card. >> that is why that is an argument for fixing the immigration system. have you ever met anyone trying to get a visa to come to work? charles --

charles: i will just break your balls and common. >> it is to the detriment and everything of our economy. charles: every immigrant that comes into this country, they need support from the school systems, police force, fire department, maybe some sort of wick, they are a net benefit to the country? look at the jobs numbers. >> if i look around south florida, i see an awful lot of immigrants going around mowing people's lawns. >> it is all connected. the reason they can do that is

because americans do not have to do that job. >> you are making my argument for me, charles. charles: no, i am not. every country has the right to protect its borders. >> i am saying six the laws. charles: they are fixed. >> no, they are not. [laughter] >> charles, it is a mess, and you know it. charles: the united states. we are moving towards normalization. our assets, they were nationalized. value that $7 billion counting.

listen. i think this is a very bad deal for america. we have the castro brothers down for the count. just like watching a boxing match. we let them go. >> let me start by saying hello and dairy christmas. this is my first time ever on fox news. i am not nervous. i am having fun. this is a fun show and i like the back and forth. let me say this about the cuba deal. we celebrate our most important holiday. i think it is right to start by

saying thank you to paul francis were bringing forward this deal that brings people together that will bring change, freedom and fairness to the island of cuba. i could not tell you how much i love this post and appreciate what he has done. especially in the christmas and hanukkah season. >> are we sure that this will bring the things that benefit to the average cuban? even if these relationships were normalized. would it actually reach the people that have voting rights? or would it fall into the pockets under the castro brothers umbrella?

>> we should start looking right here at the u.s. let's start with something really basic. vegetables. the cuban people need more vegetables. our people in iowa grow corn. i was in cuba last month and i saw the markets. there was no corn from iowa. there were no soybeans from ohio. 11 million new consumers in cuba. it will help our farmers. charles: let me speak now. you have made your point. it should not come at the expense of legitimizing a couple

of dictators that have been brutal murderess people. >> let me tell you about the dictatorship. in 1960 my godmother was put in a cuban prison because she dared to stand up to that dictatorship. charles: i am getting the rap signal. >> i think 50 years of failed policy is enough. it is time for change. it is time for peace. it is time for trade. i praise tom donohue of the u.s. chamber of commerce. a phenomenal job. charles: i will say merry christmas to you. i think ultimately, we will have the right relationship with

cuba. all right, we have some good news for you. church pews are filling up again. it is young people that are leading the charge. father jonathan morris is with us right after the break. ♪

>> starting with an outperform her. priced at $28. another order. also, the wearable cameras. of about 8%. ♪

six teen a quick check. missile defense systems. the stock is up almost 3%. church services in new york city. fox news contributor. father morris, i have to tell you something. i am looking at a gallop poll here. it goes against everything i have been reading.

god created humans. 42%. down from 46%. it feels like the trajectories are going in the wrong way, if you believe in god. >> sometimes those questions creates more problems than anything. i am okay with evolution. that dries completely with the bible. sometimes -- you are right, at the same time, among young people, on a sunday night i have about 300 people coming to mass.

people who were coming because they are tired of the emptiness. the nothingness that secular culture present. >> is it also the fact that the students are facing tough times? >> we think about yesterday, st. patrick's cathedral in the midst of this tension, where did people go? the mayor himself with the commissioner of police sat together in the front row of st. patrick's cathedral. the 16 i want to talk to about

shoppers. are we to consumer oriented? have we lost focus on the family's? >> i was one of those consumers on saturday. there is having kids in my family. you each got three gifts. jesus got three gifts. you will not get more than jesus. charles: for me, i grew up with a lot of stuff. i feel great when i give gifts.

>> and that of other things. vacations are a wonderful thing when you have blessings to be able to do it. i think setting expectations, doing it as a family is a great way to do it. i do not buy for everyone. the family has expectations. this is what we do. >> no pressure. charles: new york city. we are still reeling.

they are only deepening the divide between cost and minorities. ♪ solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪

>> new york city still mourning the death of two police officers. the "wall street journal" says progress this have a problem. >> mayor bill the fazio says people who are not here in new york ran for office on and anti-cop platform. it has been so successful in bringing crime down in new york city. i counsel my child to be afraid of the police. the fact that he had a chief of staff that lived within ex-con that was a cop killer. we essentially had bob rule

here. they, to the streets. allow to shut down bridges and roads. that leads to an environment where criminality is tolerated. right out in the open. you never see that before the fazio came into office. you also see a more serious crime. if the mayor does not come out and stand behind the cops, stand behind the criminal justice situation, it will get worse. charles: ipaq the police. cannot be done?

>> i think he has to make peace with the police force. the mayor walked into the hospital. the police officers turned their backs on him. that is absolutely intolerable. he has to make peace with them. these mostly minority poor neighborhoods are the neighborhoods with the highest crime levels. charles: we have to go. they actually said it was not an act of war. they said it was cyber vandalism. we have the latest from washington up next. ♪

charles: who knew. we have been calling it an act of war but the obama administration says it is the cyber vandalism.

the white house skirts around to using tough to defend america. north korea says they will retaliate as president obama discusses puttingeji north korea back i listen state-sponsored terrorists. another hour of "varney & company" begins now. taking on the big board, the dow holding tough of a seven points near the higher of the session although 18,000 may be out of the question today. oil is getting hammered. of course more money out of your pocket to spend. it is a huge day for ups deliver and 30 million packages, more than any other day in is history. after coverage of hepatitis

treatment and strike a deal for a cheaper version. north korea making all the news because they still deny any involvement in the cyber attack but that is not stopping them from preparing for the big one. peter barnes is in d.c. peter: so vitally steps the president announced publicly is possiblpossibly to redesignate north korea as a state sponsor of terrorism which brings with it several sanctions that generally already apply to the nation. warrants a response to the proportional to the attack which he said yesterday did not rise to level of war. >> i think it was an act of cyber vandalism that was very

costly, very expensive. we will respond proportionally as i said. >> the "wall street journal" considering intensifying pressure on north korea by targeting banks and trading companies controlled by his leadership. president is pushing congress to push a new sweeping cyber security bill that would help to better protect us against hackers but a new year, the senate it pick up north korean sanctions bill the house passed in july. charles: kt mcfarland. an active cyber vandalism, i don't even know what that means. it feels like some kid came and kicked over something. >> he makes it sound like a bunch of kids broke into a convenience store and ran away.

they tried to burn down the convenience store. we've already entered cyber warfare and we are losing and we are not doing anything about it. i look at what happened with sony and north korea trying to destroy one of our appropriations. what happens if we don't respond? the chinese will say maybe we want to take down a movie. or the iranians maybe will not like a movie. if we do not respond in a proportionate way, i think we should do three things. one, retaliate with sanctions, et cetera. number two, defense. we do not have any protections running attack on the american civilian, all of this stuff. we have to get serious about it. i think we have to do a little

cyber warfare of our own. if you look at china, russia, north korea, they fear their people have access to world wide web. a traffic offense with them saying you guys want to play cyber war with us we're going to tear down the censorship walls around your country. charles: in modern-day radio free internet. you get a taste of what is outside. >> have the ability to take down a lot of the sensors. have isolation from the world wide web. and then let their own people decide what they are doing. while the drop it over china.

charles: my response was we will respond disproportionately. the pentagon releasing detainees sending them back to afghanist afghanistan. >> they will go back and join the fight. what they're trying to do his pledge he took the office, he hasn't done that. it is easier to close it. charles: if i had to find four serious looking dudes who would commit crimes against america, those dudes right there. have we rehabilitated any of them? >> these guys are hard-core

jihadists who hate america. they would slaughter and brutalize their own people and heartbeat. i don't know why we let these criminals out. charles: i don't get from any perspective, my mind and body and the soul while it would let these criminals go. >> the result is no longer getting people and interrogating them, we don't know the world of espionage or terrorism. that is what a president is so surprised never there is an attack. charles: wha was the day the homebuilders? nicole: let's see where they are right now. gaining almost a half of 1%. pulling back each down about a half of 1%. the sales of previously owned

homes representing 90% of all homes sold hit a six-month low in november. year over year the jump but not great news their overall. mortgage rate as of last week was 3.80%. year over year it was last six months the lowest we have seen. back to you. charles: back to more of the economy, chief economist. steve, you have been watching a lot of about this year's tax incentives and the mass media and general public list this, but where did all go wrong? >> this happens every year. what happens is we leave the tax bill for the very end so lobbyists can lobby congress and members of congress can get the money from the lobbyists to extend mostly special-interest

provisions of the tax code. saw the extent and provisions makes sense, but if you look at that bill, charles, there are provisions for racetrack drive drivers, the wind industry, the solar industry, even people who own racehorses get a provisional tax cut is no way to make a soft pitch. the case but we need to have fundamenfunwith tax reform in t. charles: interesting to me it has fallen on deaf ears on both sides of the aisle. >> i'm still hopeful this is some business tax reform in 2015, charles. even a president said we could do something on the corporate side and him and he says the corporate tax rate is too high. the big bang you and i have

talked about really just replacing the tax system with something simple and comprehensible i don't think that comes until we get a new president. charles: let's talk about tomorrow because the gdp report is out. we are gaining some traction, what are you expec expecting? >> u.s. economy has shifted into a higher gear. they rubbed up from 2% growth to three and .5% growth range. that is a lot better. i was a little disturbed by your report about housing not doing as well but remember the big stimulus for the economy, charles, are the low gas prices because i estimate $100 billion per year in real stimulus to the economy, introduces our import and puts more money in the pocket of consumers so they can

consume for other things, restaurants, retail, manufacturing cost, a big boost for the economy. >> whatever comes out in terms of what is to fix the economy, you are right lower oil is the cheapest form of stimulus. what do you see out of washington at is the worst thing yet? >> the reason the economy has really started to pick up is because washington isn't doing anything. just get out of the way, let the private sector grow and get us out of this funk we have been in for six years. just doing nothing is a big improvement, right? obviously there are some low hanging fruit we can deal with

in 2015. the question of what barack obama will go along with. the keystone pipeline, getting rid of the ac keystone band. they could drive up the economy by another half a percentage point. charles: thanks a lot, merry christmas. all right, larry. looks like he might be one or two good his way from dow 18,000. do you think it might hit it this year? >> if oil goes down to $30 or so, but that was really the thing that really pushed equities down and was a great buying opportunity. a lot of traders a lot of your viewers realize the economy seems to be improving when jackt yellen said to hit the patient's button it went back up. 1962 on the s&p, i 100-point

rally. charles: if i don't see you, have a great christmas. president obama moves on immigration this year setting up an even bigger year in 2015. please of illegal immigrants moving to become legal residence. what to expect. and herman cain will talk bill de blasio and the divide. and winter weather setting up to be a major problem for people trying to get home for christmas. what to expect after this.

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.

charles: russia clocking a facebook page calling for protest on a sentence on the activist. you have more on this. >> you're absolutely right. he is a fierce critic of vladimir putin and his government, anticorruption

activist, big russian government wants to throw him in jail for 10 years. now under house arrest for rushers responding vehemently. again censoring all social media for fierce there will be street protest in the wake of the arrest. he was the central figure that shook moscow after the presidential elections there. charles: with them being on the precipice of a major economic collapse, vladimir putin is walking a thin line. he can say the west is trying to hurt us and i will unite us. >> you're right, but russia is on thin ice right now, they are plunging in value.

just as it did in the '90s on the breakup of the soviet empire, a lot of it is debt and the currency collapse. charles: facebook is complying with this. >> that is a good point. they spoke did in center 29 piece of content. charles: two days before christmas eve and we are traveling wide and far, but massive weather promises to put a crimp on holiday plans. millions of travelers expected to hit the road. wendy, how bad could this be? >> a third of travelers will be traveling for christmas and for new year's.

45% experienced labor cancellations because of winter weather and the storm coming. charles: the contingency plans at least on the agencies we rely on to help us through, is there anything they can do different this time? are we at the mercy of sleeping on the floor at an airport? >> you have the right tools and you use the right resources he can go to the airport prepared. you want to download the right apps. send you to the security line at your airport. telling you if your flight is delayed. here is what is nearby. say you are stranded overnight it will pla tell you the best hs in the area. it sort of depends on the reason

for the cancellation. sometimes they will help, sometimes they won't. if you are delayed, there are many more airport club managers that have popped up. pay $50 for a day pass and stay for eight hours. charles: cuba, the news broke out we saw tourism, the first thing you think of this tourism, could it be that and who could be the biggest winners? >> american hotel companies that want to go chomping at the bit and build. travelers, we saw 300% spike in interest in traffic to cuba. 55% of tripadvisor travelers have said they are interested in

the easing in interest in cuba. charles: it has always had that only were. they remember the old cuba, people want to go. >> what is so great, they're halfway around the world, this one is at our doorstep. charles: an argument the president may have won on this one. thanks a lot, wendy. immigration, does not going away in 2015. we will wrap up 2014 and talk about what t you can expect next year. ♪

make the best entertainment part of your holidays. catch all the hottest handpicked titles on the winter watchlist, only with xfinity from comcast. charles: down big, drop in coverage of hepatitis c striking a deal, you can see they are really taking that one hard.

in beverly hills these are photos of 23,000 square foot mansion purchased $70 million by the swedish videogame producer. you may not remember his name but he is a creator of the game "minecraft." he beat out jay-z and beyoncé. a massive infinity pool that overlooks the hollywood hills area did capitalism works. president obama signing an executive order granting amnesty to millions of congressional republicans vowing to do everything in their power to stop them ended up being a divisive issue this year. here at rapid up. >> the presiden present use hise authority. the president past a bill last year, using that to issue an

executive order allowing up to 5 million in the u.s. legally a chance to stay. president obama: i was really happy when the senate passed a bipartisan comprehensive immigration bill, and i did everything i could for a year and a half to provide republicans the space to act. >> public opinion is against the president on this one. they are concerned the presidents use of executive orders and how that may distort the checks and balances. 32% said they are not concerned. the president says congress can pass a bill he signed overwriting his orders. they have addressed the president's order early next year defending it through february giving an opportunity to attach to an immigration provision to the spending bill if they so choose, and it is likely they will. charles: up next, herman cain on

the murder of two police officers in the city over the weekend and the growing divide between the n.y.p.d. and new york's progressive mayor. ♪

you don't need to think about the energy that makes our lives possible. because we do. we're exxonmobil and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here.

charles: looking at the big board. we are a long way from 150. here is the great news, you are paying so much less at the pump. we have 27 states. no state is averaging below $2. cheap oil. five oil stocks. buy it right now.

>> how low? go ahead. >> a great company. >> how low does oil go? >> i do not think it will get back in a year or so ago. this is sort of ridiculously low charles: it is ridiculously low. >> you want to be an oil for the next year or longer.

exxon mobil came out with this huge report. every single speck of oil they have in the ground will be sold. forget about all of this stuff of the world coming together and the ending fossil fuels. >> wow. charles: yeah. that happened beyond survived their first wave of the internet. you can see it is looking really good. do you guys still like it? >> the interesting thing is they are taking the internet seriously now. they are devoting real money to type knowledge he. just a fraction of what their competitors do.

if they do that well, it will work out terrifically for them. they conceivably could be taken out. you saw what happened to pet smart. if a private equity company were to value that bath and beyond the same way, the stock would be up 20% higher. charles: it is not private equity, but there have been one of these big active investors picking at sony for a long time. putting a stock in a position where they have to play ball. >> we do like the stock. we think it got hammered too much from the hacking incident. it lost one and a half billion dollars in market value since the hacking. we think that the holocaust, the cost revenue, maybe 400 million,

it is wildly out of proportion. charles: even before this, sony had a lot of problems. >> spending $300 million on a james bond movie. whether they got their costs under control remains to be seen. charles: you think that they can build on this somehow? can this be a wake-up call for the company itself? >> i think that it could be a

wake-up call. they are taking 30% of the cost out of a mobile division. that will be a big pop for margins. >> we will see. i like the oil stock. thanks a lot, bill. we want to get that to those two new york city officers that were assassinated in brooklyn over the weekend. mayor bill the blog seo has been very critical of the police force. the city was crumbling. people are saying that the mayor is at the center of this making it all happen. >> the mayor reported on the wrong problem to begin with.

he should have been working on the right problem. secondly, he needs to begin to try and smooth the relations between the citizens and help people understand what policemen do. some of the police officers, they are calling for his resignation. it may not be a bad idea. it appears, charles, that he is surrounding himself with bad advisors. al sharpton is not what i would consider to be a good advisor in this situation. >> charles and i have voted you the best and 24 team. >> well, thank you. it was only us voting, just so you know. [laughter] >> just kidding.

those two police officers were executed out side a very dangerous housing project. you mention al sharpton. would you ever sit down with al sharpton? >> no. there is absolutely nothing that al sharpton could speak to me as an alike did official that would benefit my decision-making. someone on my radio show today asked what side of the fences al sharpton on? neither. he is in the front. if he were truly a leader, which he is not, he would have helped to calm the violence we saw ann in ferguson and other parts of

this nation. he still uses the 1950s and 1960s attitude for everything he does. that is not good advice, in my opinion. charles: i want to talk about the broader economy. people spending $2 billion on saturday. are we finally seeing signs that our economy is gaining some traction here? >> no. if we get a good gdp number tomorrow, that is good. i happen to believe that the underlying factors that can drive or revoke the growth of the economy have not changed. i do not see them changing it until we see some serious changes in past policy.

i hope it is good. it will be a blip. related to taxes. that will continue to hold this economy down. >> if we can get something early next year on the tax side, put it to work in a traditional capitalistic way that made america the greatest country in the first place, would that tilt your perspective? we need to see you wage growth and people keeping more of the money. >> that means lowering corporate tax rates. lowering capital gains. i think that we could.

the president stopped taking unilateral actions on this stuff. yes. i believe that that could happen, charles. the president would have to accept reductions in taxes. charles: and give up the imperial throne. thank you very much. >> good to be with you. charles: the north pole finally on the internet is up and running. how'd you and the kids can get a video chat from santa himself from the comfort of your own home. >> i am actually wrapping up a few of the toy orders here. ♪

nicole: i have your fox business brief. the dow jones industrial average is up. the s&p 500 just fractionally to the upside. the nasdaq of the composite the same. some of the delhi is worth noting. energy doing so well last week.

today we are seeing some of these names pulling back. chevron down. blackberry, beefing security. the average selling cost. taking a look at entertainment. 15% higher. ♪ help promote heart health. experience the meta effect with our new multi-health wellness line. ♪

charles: let's get back to your money. let's bring in keith fitzgerald. you will give us your pick from the new year. let's start with your pick. >> a small defense contract for. they are winning small contracts all over the place. underpriced right now. i think it will be 10 bucks this time next year. charles: looking for defense spending to increase. >> these guys are really in tune with how wars are being fought today.

>> the thing is, there is a lot of pushback on drones. where would the demand come from? where are we going to get the demand? >> first of all, i do not buy the argument that drones are anything but short resistance. i think it is a matter of learning how to fly and how to work with them. i think that the threat that we are facing as a nation is great enough that this will become something that we have to deal with. i think that the numbers are going the wrong way. they have 3700% something more engagement and twitter does.

twitter is now being surpassed. >> have a great holiday. we will talk to you again soon. a live video call to santa claus himself. it is made by the same guys. one of our producers. >> what do you want for christmas this year? >> a barbie house. >> a barbie house. do you want room in your bedroom for that? will they fit in your room? okay. let me see. maybe i will put them under the tree and let you pick. charles: great idea.

i cannot believe, every time i go to the mall, the line gets longer and longer and longer. >> we are here to make it easy for parents. the parent still have information before that. >> a lot more personalized. you find out the kids -- the last chance to prove you are not naughty but nice. >> usually a few really bold before the call starts and then they are just stunned when they get on the phone with santa claus. the level of personalization is far beyond anything you can do

without it now achieve. >> when are you going to go public? >> that is a really good question. maybe 2016. we have our ship job project. personalized elf videos. we have our story of box product line. we are building a studio with all sorts of highly personalized creative experiences. >> how much is the santa experience? >> you can get pre-recorded for $9.99 or the life chat for $19.99.

i think we are sold out or we are right on the cuffs. time is limited. it is a good thing we are getting close to being sold out now. charles: i think that is it. i wish they had that when i was a kid. thanks a lot. mary christmas. 56 million vehicles recalled this year. a new record high. jeff flock wraps it all up for us after the break. ♪

charles: a record number of cars have been recalled because of various issues. jeff: it has been quite a year, charles. quite a year. the overall figure. sixty plus million vehicles recalled this past year. a lot of these vehicles still on the road. it was not just the gm ignition switch. that was a big one. the hired hack of these new

vehicles, and a lot of that has led to recalls. 104 claimed this morning. 260 claims alone. so far, charles, they have approved 42. the total is 42. fifty-eight injuries admitted to. an incredible year for sales as well. people have brought their vehicles in for rough calls. charles: does that explain -- why would they be so slow with some of these recalls?

why are they dragging their feet? >> they are not 100% convinced that it is their problem. that is why they only wanted to recall those vehicles in the warm climate. charles: thanks a lot. more varney after this. ♪

sharpton could say to me as an inlet is official that would benefit my decision making. someone on my radio show today asked what side of the fence al sharpton was on. my answer was neither. he is in front of the camera. cheryl: theme that was herman cain taking on how sharp the and. here is adam shapiro.

>> charles, thank you very much. it is the interview that promises to save the interview. how will sony distribute the movie at the center of an international cyber dispute. one stop shopping for the 1% is now an affordable online experience. for the 99%, it promises to save you hours every week. who cares how you spell it, just drink it. the latest brew. we have the founder and his promises. forget the europe on