company." >> here is the big story. jonathan gruber, think again. he called the american voters stupid. he also said obamacare affordable care act would not be affordable. he is "varney & company" person of the year. ♪ we begin this hour with images from hong kong.

they are welcoming in 2015 right now. that is the home country for fireworks. look at them go. new york city will be celebrating 2015 with more than 1 billion people estimated together at times square. congratulations are in order. we are calling him the "varney & company" person of the year. >> i wish the world was different.

i think that is why, once again i am amazed we got this bill through. >> anyone can look at the numbers of obamacare. it frontloaded the taxes. if backloaded the spending. if they've completely on a realistic expectations. nobody believed it would help reduce the deficits. the thing that gets confusing with me about jonathan gruber is

he talked about the american voters. we do not care about uninsured people. is he talking about us? the only people that got this bill and where the democrats in the house and the senate. >> they are the only people that care about the poor. they are the only people that care about the uninsured. if they really cared about these people, they really cared about them, then they would examine the effects of the policies and they would pick the policies that encourage the largest number of choice for as many americans as possible. instead, they went to nationalize health care. >> it is just a huge government entitlement program. i think everyone can figure that out. let's stay on jonathan gruber.

he knew five years ago that obamacare was not affordable. the problem is, it starts to go hand in hand with the mandate. you cannot mandate insurance that is not affordable. this will be a major issue. art, you know how to do the math and economics. this is not affordable. they do not have the money even for subsidized rates. >> it is really nice being with you. mary is great. whenever the government gives away resources, it will go pro. it is just a matter of math. it is just a matter of time. this program is known to be unaffordable. without jonathan gruber, it

would be so much harder to get that message across. his honesty and those lectures it really allows people to see that everyone knew it that dan and that side of the aisle. >> he is very politically correct with his speech. i love honest politicians. he says it like it is. this gets in to just marketing a product. that is why i have always said for the last few years, this thing will collapse. it is a bad product. it is not affordable.

>> it is the veterans administration. you cannot give away valuable resources. imagine standing in a street corner handing out hundred dollar bills. it is exactly what the affordable care act is. we have to repeal it. i think gruber makes the best case so far. these people knew that it was wrong from the beginning. gruber was rewarded enormously for his advice and counsel. >> do we need a better real world example? >> no, we don't. >> you are totally right.

if you see what is happening with the exchanges right now you can see that they are all having problems. i think that congress can solve that, to be honest with you. >> congress will fight about this thing. i just think that the product itself will fail and end. they will not have two do that much in congress. it will collapse on its own without any big repeal legislation. >> i think that you are right. i think that will collapse. i would like to see it done as

well. i think that that would be very helpful. frankly, this just makes no sense. it makes no sense when hillary try to do it. it doesn't make sense now either. >> he talked about how his novel shows are going down. he is wrong. how did he get $4 million for building a model that was absolutely wrong? >> he is saying right now that the clocks are going right. that is exactly what you would expect. all sorts of procedures that

costs a lot because they can pass it through. we have choices to make. this eliminates those tom. >> i could talk to you all day. >> happy new year to you. we are up 50. not bad on this to volume day. up 40% for the year. right now, southwest airlines southwest airlines is a big winner on the essen delta. gold had a bit of a rally yesterday. here it is now. gold is down a little bit on this last day of the year.

>> the entire industry had a banner 24th team. let's look at some outstanding numbers of that. for the year up 41%. let's check out some other technology names. you have facebook. facebook proves it can monetize mobile advertising. shares of 13% since that debut in the fall. we will end the year over 100% higher. >> thank you lori.

not so fast. the economy is not doing as well as many people say. the united states is doing better than anybody else. we are still not doing that well. we still have a very sluggish economy. art laffer is with us. >> i think alan is completely correct. we have a bad structure. there are a lot of drives in the economy. we have to bring this thing back we really need to do complete rough form. we are a long way from that trend now. >> this is the problem that i

think a lot of people are having. it does not feel right. we have been carrying a long time and lots of innovation. greenspan is right. we are better than the rest with what is going on in japan and greece. i may be a little more optimistic granted we should be higher than we were. we had seen some wage numbers. look, i agree with our overall. at least we are not japan. i feel like mr. doom and gloom are. art laffer, thanks again.

happy new year. quite possibly the biggest economic story of the year. cheap oil. we are producing more. the price keeps dropping. more on that right after this break. ♪

>> let's check the bank board. the dow above 44. meantime, the price of oil. look at that. down another dollar. where is the bottom on this thing? we have not found it yet.

down more than $1 a gallon. we thought that was pretty good. the big focus on our varney good year. here is the preview. >> 2015 will feature a yearly average that is going to be not $3, but under. likely, it will start with a two. some great news for 2015. unlikely to be over $3 a gallon. stuart: that is not much of a forecast and you know it. >> will stuart get the answer that he is looking for? different time. noon eastern.

stuart will wrap up 2014. take a look at the big issues coming up in the new year. remember when the environmentalists were warning us about the end of oil. we are swimming in oil. the price has fallen off a cliff. robert, always did the greenies miss out on this one. >> it is true, tom. we have heard for decades about peak oil from environment to list. i pointed out it was night team sport team. 1939. the department would be depleted in 13 years.

what is remarkable is all that these forecasts they discount this powerful combination of price and technology. that combination has allowed us to produce more oil than ever. prices are falling like a rock. >> yes, they are. we talk about technology and people thinks about their smart phones or apple. they do not think about technology because we do not hang around audio wells. the tech knowledge he is the secret sauce here, is it not? >> it has been this remarkable combination of digital. better drills. better drilling rigs. all of these things combined with the free market in the united states.

talking about how the u.s. and that these are conspiring against venezuela. you have over 6000 independent oil and gas companies in the united states. all of them trying to produce more faster. that has led to this incredible surge. in the last four years alone the u.s. decreased oil output. >> the president liked to pay oil production. you are right to point out where

the big production gains have occurred. it has been almost all on private land. the more oil we find, the more oil we find. u.s. oil reserves are now the highest level they have been since 1975. it is just remarkable how price and technology are turning what is a resource in to real reserves. >> price matters a lot. how far do the prices have to fall? >> that is a great question. i wish that i knew. cutting their capital

expenditure budgets rather drastically. we cannot forget that even though they are cutting their budgets, what we are seeing is increased to 30. even if their budgets are cut and many of them will be, we will not have to see a drop in production right away. >> always good to talk to you. thank you so much. happy new year to you. our already announcing the surge pricing for tonight. we will tell you how much it will cost you coming up next. ♪ him

in beijing, they are 13 hours ahead of us and the celebration still going on nearly half an hour into 2015. a big crowd in beijing. that is the olympic stadium property. meantime uber is expecting a good one of their busiest ever. they are doing business around the world. $100 million in gross revenue. and high demand means prices are in effect, uber is offering hunted him big expensive fares. here is one of their chips. we expect the highest fares between 12:30 and 2:30 a.m.. of course but for the most

affordable rides, request when the ball drops at midnight or keep on partying until later and then the prices will come down to normal. mystique that little funny hat on your head until 3:00 a.m. and then you'll get a better price. just guessing. >> take the subway a few are in new york city. i have to say uber is charging prices people are going to be paid because if they were overcharging no one would take the cash. simply supply and demand. john: people get upset about a surge in pricing which is an with algorithms so they have the surge pricing and when there is surge pricing they bring up a big notice on your bonus, this is surge pricing and this will cost you. you have to accept it. people accept it and get mad later.

>> no one is forcing anyone to a uber. it is the choice. and prices are the best way to allocate resources so when uber does surge pricing and people are willing to pay it the people who want to get the cabs are going to get the cabs. that is how markets work. not all products are the same. uber is not the same as getting in the backseat of a dirty n.y. city taxi. i like taking uber and i will pay a little more for the service. john: the audience, they claim when the prices go up more uber drivers will jump in their cars and come out. >> simple supply and demand to. anybody who says these prices should be the same for a vastly different services are not here on planet earth. john: pay the price of a taxi and 2:00 a.m. raining, not raining, uber is on to

something. president obama is in a news release in four more prisoners from guantanamo bay. colonel ralph peters on this one after the break. he is never one to shy away from criticizing the white house. >> mobile has fallen, got that too was on its insurance. now we hear charlie crist has also fallen. what is your reaction to this. >> thank you, president obama. great job, do.

john: and after taking a dip below 18 yester day, we are back above 18,000 up 43 this morning. what a year for oil, down 42% from this time last year and that has been good news when we go to the guests come. national average for a gallon of regular now $2.25. price of regular gas down more than one dollar a gallon. this time last year $3.31 for a gallon of gasoline. we thought we were pretty happy with that. the dollar club expense to four stage comity average will fort $2 a gallon in missouri, oklahoma, ohio and indiana.

we have 33 states where one station has gas below $2 a gallon and we have a tied for the cheapest gas in the land $1.57 duo in oklahoma city and crawford indiana $1.57. the republican party scored its biggest victory in 2014 taking both houses of congress but with president obama inch charge for the next two years congress faces an uphill battle on almost every major each. peter barnes joins us with more. peter: republicans call the midterm elections and mandate. the president, no. both sides have been battling raising fears of two years of gridlock in the last quarter of the obama presidency and lack of action by the president through executive order in new regulation rather than through legislation. gridlock is not a foregone

conclusion for everything out there on the american agenda. the president has said he could work with republicans on free trade legislation, tax reform and infrastructure spending. but sides want to extend the government carries an insurance program. there's bipartisan support for repealing the 2% medical device tax in obamacare but past elections and history is any guide congress and the president will have a limited window to get anything done in the new congress, maybe six months or so before the 2016 presidential election cycle kicks in and pushes politicians into their partisan corners. john: not sure what you call it six years in the we will watch it. president obama releasing four suspected terrorists from guantanamo bay, the four men arrested in pakistan following the september 11th attacks will be allowed to resettle in

kazakhstan. lieutenant-colonel ralph peters joins us now. what do you make of this continuing relief. we have over 100 people there but look like there's a concerted effort to get the number down. >> there certainly is. president obama is obsessive about this issue. it is one promise he means to keep. the other promise he kept in foreign policy was to get our troops out of iraq. we see how that turned out. what is curious to me is in his interview with npr that has been airing he said we have to close guantanamo and get these prisoners out because it hurts america's image abroad. i follow the international media, the world has moved on, except for a few nut case leftist the guardian in england guantanamo doesn't come. is not on anybody's radar but he is clinging to it. president obama is the guy who

is keeping the issue of guantanamo alive. he is determined to get rid of these guys at great risk to go back to terrorism and it is an obsession like mark chapman and john lennon. there's a back story to, these five guys being released on going to kazakhstan which never wanted to touch these detainees but shows how everything is interrelated. resource rich kazakhstan is worried about vladimir putin, he saw vladimir putin go into ukraine to protect ethnic russians and russian speakers. kazakhstan has a russian majority. so there are warming to the u.s. worried about vladimir putin and he doesn't care about the terrorists, it has extent is one country that will keep an eye on

these terrorists. >> i take your deck that that the international media has moved on but why should we have cared in the first place? when it comes to foreign policy isn't it better to be feared some of? >> absolutely. i have written this. we must be reading of the same stuff. good stuff in the journal. seriously. seriously. yes. we are obsessive about being loved but you want to be feared by your enemies. you want to be trusted by your allies, respected by neutrals and feared by your enemies and right now and none of that applies under president obama. i am also concerned that he will make a promise he can't keep, cuba arrested more dissidents in the last 24 hours. he will promise or suggest that

we should give the base at guantanamo back to cuba. people say he will never do that. he gave the panama canal to the panamanians. >> the comparisons between carter and obama are interesting. i wouldn't bet against you on that. colonel ralph peters, thanks for joining us today. >> happy new year. >> watch out, flu season is in full effect and doctors are saying you might not be safe even if you got that flu shot maybe stuart varney got this one right. stuart: you have been touting a bogus medical product forcing us to put a bunch of chemicals, factory made into my arm and i am not buying it. onavings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees from the bank where no branches equals great rates.

lori: diane lori rothman on the floor of the stock exchange where stocks are a little higher, the dow on track to post its sixth annual gain. 2.3%, $62.94 a barrel that means a nice bid to the airline sector. the airline index skyrocketed this year 50%, southwest airlines the no. one performer and the s&p 500 index with a gain of 120% but today up

1-3/4%. solid gains for all the airlines. much more "varney and company" coming up right after this.

john: there are two brand names you know, bath and body works, victoriana's secret shares hitting a new high on this last

day of the year. indonesia's search and rescue officials confirmed air asia flay 8501 which disappeared december 28th did crash into the java sea off the coast of borneo. most of the bodies of the 162 passengers have been recovered and those found among the wreckage are now being taken to area hospitals to be identified by family members. so much for the flu vaccine we all got except stuart varney. did the influenza strain hitting with widespread cases reported in 36 states. team. what happened? did we get the wrong strain again? why isn't it working? >> stuart varney is gloating over this that he is wrong. you cannot tell how much of a match there is with the flu vaccine and klystron until after the season so this is all

preliminary. what we do know is the current flu virus that is predominating has been around for a while so it is changing. it is called drift. changes. the longer a flu virus stays around the more it changes and the less perfect it is for the vaccine but the goal of the vaccine is to keep people out of the hospital, keep them out of urgent care centers and protect those who are most at risk. kids with asthma, people with chronic conditions, pregnant women, the very old and the very young. the flu shot even if it is imperfect will do with that to some extent. >> you don't know what you don't know. you don't know if there are people who did not get the flu because of the flu shots or people did get the flu but -- >> milder case. the goal is to make a milder case. the problem is what is called an enablers. you don't dog of the flu. you don't get hospitalized from the flu usually. 100,000 people year get

hospitalized. you get the flu, it knocks down your in unity and you get pneumonia or bronchitis or sign is infections or a heart attack. you don't want people at risk to get the flu and you don't want them to get a severe case. everybody should get the flu shot because even a report that decreases the amount of lou going around. we see 22 states with widespread activity right now, we are heading into a severe flu season, january starting tomorrow will be a bad month and in the southeast, it will be a big problem. >> any risk to getting the flu shot? >> is a dead virus, it cannot give you the flu. you can get sniffles from it, you can get a local allergy. those who have severe a galaxy is should not get the old-style flu shot but now they are finally getting it with modern

genetic technology. john: i used to be a curmudgeon like stuart varney butjohn: i used to be a curmudgeon like stuart varney but it is not alive. i started getting them and i haven't got the flu. i don't know if and means anything. >> that is one thing. it is a public-health measure. i am on the other hand wanting us to upgrade the flu vaccines we make. these are antiquated vaccines. it is not the best vaccine we have. we have a better hepatitis vaccine, but it makes in against tetanus. but this is an imperfect vaccine but it does work. >> you just gave the entire vaccine crowd -- there's a group out there causing problems which is another show schools without vaccinations. >> let me have five seconds on that. the truth is that is all fear and height. there is no evidence whatsoever this has been extensively

studied, that any of our vaccine lead to autism. those fears caused the resurgence of diseases. >> take my medical advice from dr. siegel or jenny mccarthy? dr. siegel, jenny mccarthy. i will take it from you. >> i don't look like jenny mccarthy but i have the right information. john: i don't even want dinner with jenny mccarthy. thank you so much. republicans took control in 2014 but with president obama ready and willing to take out that veto pen will anything actually get done in the new year? we discuss it right after this. now...i use this. the nicoderm cq patch with unique extended release technology helps prevent the urge to smoke all day. i want this time to be my last time. that's why i choose nicoderm cq.

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stuart: the tax bill get rid of it. build the pipeline, he vetoes that one too. share obamacare, no, he vetoes that. he can't veto everything. >> watch him. john: that their new year's day special tomorrow, a varney good year. you can watch the entire thing tomorrow, noon eastern time on the fox business network. let's bring in cheri, this could be egg year of the veto.

is that what we're going to see? >> that is what the president is threatening. i think he -- i speak british. he doesn't seem to understand what the voters did a couple months ago. they elected republicans to stop this president to stop his policies. there's a big message there. he thinks because his numbers have gone up a couple points i have a mandate, he is still under water, his disapproval is higher than his approval it makes no sense and all these democrats who do understand what happened, many of their colleagues got booted because of this president and i don't think he has the support from democrats, republicans may not have enough votes to override a veto but they can get 10 democrats to support so the president has a hard time getting support for these. john: you don't think he wants to play along to make people

think he is a nice guy. >> what would make you say that? langdon john: the imperial president. even the king likes to have the people like him. >> ego alone strategy. they don't hate him as much as they used to. i must be popular or something. it is odd that he doesn't care about his own party, democrats in congress. no way they can support this wishy does not have support for these policies. the elections proved that. he is telling republicans and democrats do what you want, make it hard for me and they probably will. john: we need to do with psychology test. he said before the elections my policies are on the ballot. the democrats -- no, no, because they knew there was going to be trouble. now they get slammed and he says my policies -- >> he is in denial.

i worked on capitol hill for many years, and i know that there will be lots of back and forth between key democrats and republicans, democrats probably would like to support their president but he will make it very difficult. >> isn't there a more positive scenario. we saw with the on the bus a lot of compromise and good reforms. multi employer pension bailout averted, cuts to the irs dodd-frank reform and those things will happen in -- >> you said compromise. the president said i will veto. >> with those reforms -- >> he is drawing a line in the sand. almost a hostile statement that he has made and i don't think -- >> republicans are going to put him in very awkward positions. >> democrats -- >> make him the 97, make him the

more regulatory reform. >> he is putting democrats in congress in a very awkward position. the presidential campaign looming. are they going to -- go with what they think the american people want? >> doesn't seem to care. he is going to do it his way. that is the way it is. the imperial president. thank you so much. thanks for coming in. president obama facing a growing list of foreign threats in the new year. that is new at noon plus the "varney and company" person of the year jonathan gruber, wait till you hear his latest comment. our 2 just two minutes away.

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há >> 12 hours from now and new year and we are getting the same old alone policies from president obama. following up on a pledge from

his first campaign for president when he vowed to close gitmo the president releasing five detainee's into the custody of kazakhstan with 100 detainee's remaining, he will make a new push in 2015 to close the facility for good. add to that the growing threat for a week in russia, a call from the president to reopen the u.s. embassy in tehran. the rise of isis a spread of cyberattacks and security becomes a major focus in 2015. that is how we begin the final hour of "varney and company" for the year. ♪ john: noon eastern time midnight in bangkok, thailand massive celebrations as they ring in the new year. will get those fireworks.

they're celebrating big time at midnight. we brought you a video of the celebration in beijing. here's another look at their spectacular show around the olympic facilities last hour. fares they go. and what we like, the ball will drop in times square, a million very cold people are estimated to be gathering and have already started. let's go to the big story this hour. cheap oil slams russia and that is bacchant slamming vladimir putin into a corner as the russian economy is struggling that president obama won't ruled out an embassy in iran, let's bring in wreck, start with iran. could the president do with the ran what he did with cuba?

>> i think he very well could. policy for a while president obama and his negotiating team are terrible doing this negotiation whether it is cuba or in iraq with the status of forces agreement or afghanistan and now iran. we have seen the president give away so much. there is this idea negotiations between carrots and sticks. you offer carrots and use sticks except our president doesn't seem to do sticks. he only does carrots. the idea that he would hang this embassy in tehran out there as a carrot is appalling. if you go back to the transcripts with npr which is where he floated this idea question for the npr journalist was ken you see you in this

administration, mr. president in the next two years opening an american embassy in tehran. in the next two years not do you see this in 15 to 20 years, do you see this in the next two years and he wouldn't rule that out and talked about the fact that iran is a great country and went on to actually make one big flood the mainstream media missed he called tehran a country when it is the capital of iran but that was largely dismissed by the press corps in washington d.c.. we have a situation where the president is offering iran a lot of carrots when they haven't moved at all and haven't given in during the negotiation process. >> why isn't this president doesn't learn from his mistakes? he is in the sixth year of his presidency, he has been walk all over whether it is vladimir putin, why doesn't he learned? >> the joke is on us because in 2008 canada-candidate obama told

us he was going to do this. during the primary was hillary clinton running against president obama who called barack obama's foreign policy naive. republicans didn't start that narrative. that was hillary clinton who first said you are very naive when it comes to world affairs. was because she called him out because president obama was talking about the idea that these rogue nations like iran and north korea wouldn't talk to us. he thought it was silly and it really is a dismissive attitude towards all the presidents before him that triage -- including president clinton, that tried different policies and failed to. if you look at north korea for instance wendy sherman who is leading the iran negotiations, wendy sherman was duped by the north koreans more times than we can go into on this program and yet she was rewarded after failing during the clinton administration on north korea

she was awarded with the iran portfolio she's leading our negotiations. john: this is just a reflection of not only ideology but also reflection of never having run anything. to another example you learn in your first year in business as a young kid, i did anyway you never give anything without getting something. we keep giving and getting nothing. cuba was the latest example. >> you hit it on the head. president obama has been in the law school classroom he has been talking about the theory of where the world should be aware situation should look like, he hasn't actually done it. president obama views the world especially through negotiation as how he wants the world to be not how the world really truly is. in negotiations from a position of strength because he looked across the table and trusts these other people despite fact,

despite what we learned over the years so he really is ignoring the facts in order to kind of believe this world utopia he always embraces. john: if you are on the other side of the table you know that going in. basically say i won't give the thing here, just -- we wish you happy new year. thank you for coming on the program today. mean time to the markets let's check the big board, the dow holding 18,000 at least for now. i miss spoke. alissa gutierrez but we are just below 18,000 7993. intel is the biggest dow this year believe it or not, up 40% for intel. ibm the biggest loser on the dow in 2014 down about 15% for the year. the s and p 5 printer is up 12% this year, right now the s&p is

down but still very strong year for the s&p. two more winners. let's head over to lori rothman at the stock exchange. let's start with isis. lori: nike, the best performance of the year, shares are little changed but markets have a slight sell-off underway so nike shares up 23% year to date hosting its earnings beating expectations. company reporting strong consumer demand all-around world. that could be troublesome with the strong dollar, nike significant multinational but at least for now if you own nike made many. southwest airlines declining oil prices one of the major stories here cheap fuel the overall airline sector southwest airlines in particular the best name on the s&p 500 in excess of 120% this year today at $0.66, up 1.5%. cheap fuel consolidation in the

airline sector and strong holiday demand helping the industry. john: well-run airline. lori rothman, thank you. obamacare architect and an icy professor jonathan gruber making headlines again with his comments about obamacare. listen. >> i wish the world was different. i wish people cared about the 50 million uninsured americans but they don't. i think that is why once again i am amazed we got this through. john: we call him the "varney and company" person of the year for all the headlines he has made including when he called the american voters to the. washington examiner, commentary editor phil klein is with us. do you give him an a for honesty? >> he was being honest at certain times. when he was called out on it he

backtracked on a lot of things. >> he did because he was embarrassed. at the same time, he is talking about the american voter. what confuses me, he is talking about the american voter being stupid but we didn't get to vote on obamacare. the people in congress got to vote on it and the only people who voted were solid democrats. half of them in the senate are now gone. so wasn't it the democrat senators that were the stupid ones? >> with his comments about the stupidity of the american voter what struck me is it got to the heart of what liberalism really is about which is about we don't trust people to make decisions for themselves so we are going to make decisions for them because we could make decisions better than them so let's have a centralized government of smart

health care experts dictate what type of insurance every american must cavs. we are doing it for their own good. >> isn't there a larger theme here the only democrats and only the left is compassionate, republicans are mean people, they don't care about you, they don't want you to have health care, doesn't that play into that theme which by the we didn't work in the midterm elections? >> i think the problem is liberals like to perpetuate this idea that the finds compassion as your willingness to spend other people's money for the sake of what you deem the social good and it is not quite fair to say i am willing to take other people's money and the really generous with that because it is not your money. i think compassion is the find by what you do with your own life to try to help out other people, not am i willing to grab someone else's money to help someone else and do something

better for them? john: given an official teach a man to fish. certainly seems to apply between the two ideologies. bill kline, washington examiner thank you for joining us. from health-care to the broader economy former federal reserve chairman alan greenspan says not so fast says the united states is doing better than anybody else the we are still not doing all that well. we still have a very sluggish economy. larry 11 joins us from chicago. what do you make of greenspan's comments? >> certainly not affecting the market in any way. we shouldn't -- was very important to the economy and this country for a long time. he is a little out of touch and

it is a comment that didn't affect the market. i don't know if i necessarily agree. i think the economy could be doing better but there's a cultural change affecting quite a bit that is making a lot of changes as far as home ownership and that has something to do with it. the economy is doing better than it was and is going in the right direction. we need small businesses out there to help, aid is always about small-business, not the government. that is my opinion. john: a nice bullish opinion from you. thank you so much. new at noon we have new year's resolutions, we all make them. does anyone actually keep them? dr. keith ablow puts us all on the couch but first one game a year that actually makes hockey relevant, the annual winter

classic outdoor game being held at national park in washington d.c.. rich edson is there live with a preview. let's hope he knows more about hockey than he does about soccer. why are they giving you a hard time? >> what about that box? you get two or three. >> it is fairly easy. >> we know the result now. we hope we know who advances. >> it goes up, not down.

john: big names with big gains, it is a big one, up 100% and don't forget ali baba, that is up. a lot of hype about ali baba but meantime how about hockey which hasn't been the same since its heyday in the 80s and 90s but fans still want to go to the big games. one of the biggest the winter classic, what happened between the washington capitals and

chicago blackhawks. rich edson live at nationals park with more. rich: they are getting the stadium ready and the washington capitals have practice going on. it is scrimmage time, the coaches go out and play. national hockey league, this has become a marquee event for it and if you look at revenue compared to the other leagues especially with television deals, the nfl has a $6 billion annual television deal from tv deal nationally comes in around $600 million. of the revenue back to 2008 coming in to $2.75 billion according to the national hockey league of to $4 billion this year and that is with a couple of labor problems they have over the last ten years, we talked to the hon. washington capitals

because he believes labor troubles are behind a. they're coming off of that season and they did have labor problems. the olympics were last year said six of these outdoor games they have a couple of them. we talked about what they hope to expand to next year and they're talking to cities already possibly between 3 and four games this year but now they are all focused on tomorrow's event and that -- the washington capitals, chicago blackhawks. and an outdoor game time especially with ice, they're supposed to start this at 1:00 tomorrow but if there's not a cloud cover they get too much glare on the ice and they will wait until 2:30. the weather we are getting feels like temperature is sinaloa 30s and hy 20s and we expect the same tomorrow. john: is a note glare problem for the players or the tv cameras? peter: rich: net income is a little bit

of both. this tv camera watches everything out. john: i thought you could play ice hockey outside. thanks happy new year. we all make them. a lot of us break from. you know what i am talking about. new year's resolutions. who better to ask about them than dr. keith ablow. why do we do this to ourselves? why are we pulling a joke on ourselves about these resolutions? >> one of the reasons is it is on cue. if everyone is doing it come december 30th onest it is like a hallmark card. you might not take it seriously. the second thing is people tend not to write this down or plan it out so they say i am going to x quit smoking lose weight. there is no plan behind it and therefore you started with out

much hope of succeeding because you haven't strategizing and you abandon it. i posted a 15 point plan at foxnews.com. if you don't have a new year's resolution fought borrow mine, 15 points and steps. john: if it doesn't work you get embarrassed about it. i want to ask about the president taking credit for the economy. he is getting a lot of heat for it. don't all presidents take credit in one form or another for anything? >> it is fair to say presidents tend to embrace change that is positive and say i had something to do with this. people if they are criticizing this more than they would otherwise it is because this president hasn't been a fan of people who build their

businesses, he tended not to side, exclusively seemingly sided with those folks who say they're disenfranchised and upset and don't like many facets of american life and going to take credit for the way this economy has grown. wait a second. i know you don't do that but it seems particularly disingenuous. john: he said the government is the answer. that is what he dead -- in his home state. >> they say the thing that the same time come to therapy. >> i know he can get a good boy carrots. it -- you have to travel little bit that you are available. the doctor makes house calls at the white house. has been year-to-year. >> take care, happy new year. john: up next the big rift between new york city's mayor bill deblasio and the nypd. the mayor says cops say they are

not getting the support they need from the mayor. david asman is fired up about this and he is here right after the break. so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees from the bank where no branches equals great rates.

neil: .22 protestors because of the big new year celebration,

patients of never been higher between mayor bill deblasio and the police force. the mayor met with the police union no progress came from that and this report just in that the mayor's top aides reportedly urged his political allies to blast the police officers for turning their backs on the mayor for the funeral for officer rafael ramos was killed earlier this month. david asman is here with the rest of the story. dave: no surprise that the union for the police is not making any progress because the mayor has been trying to undercut everson the funeral, one of the cops was shot down in cold blood a couple weeks ago the funeral was on saturday. a number of police turned their backs on the mayor. the mayor's office reached out to his political allies urging them to stand up to the police union and stand behind the mayor, to reject the cops and put their faith behind the mayor. a lot of people even democratic

politicians don't want to do that because they realize the importance of police in new york how they sacrifice some much from 9/11 way before 9/11 but particularly since then that they deserve our support. apparently even though it didn't have a lot of affect what some people who complained about it some democratic legislators complained to the new york post about it. some people did kowtow to them mayor's office and one of them was the new york times. we had this atrocious editorial in the new york times yesterday blaming cops putting the onus on cops who are standing up for themselves calling cops snarling, sense of victimhood. that is what they say the cops are the cops, their grievances are snarling sense of victimhood so cops being gunned down in cold blood are not really victims but criminals. that is what the new york times said. we couldn't understand how they could say something like this

but now we know why. they were taking orders from the mayor's office. john: he has staffers calling legislative allies. saying go after the police. dave: they have to sell these newspapers, they have to sell advertising blitz in the past year, when the stock market has boomed the new york times has been going down. people don't pay for a newspaper that kowtows to authority. you pay for something that stands up, and the job of journalists is to comfort the afflicted and afflict the comfortable. in this case they were just kowtowing to the mayor's office. john: at least have an adversarial point of view as opposed to an advocate point of view. dave: they expect people to stand up to authority and with the new york times it was bowed

down to authority in the worst way by calling cops self pitying members of a class of victimhood. that is not what cops are. cops stand-up. they are stand-up guys who put their life on the line every day. they should be supported, not denigrated the way the new york times -- john: i never believed one word from bill deblasio. he was caught in a political squeeze and started saying nice things only for political reasons. dave: you expect npr to take their talking points from authority, not the new york times. john: thank you. internet security firm telling the fbi that may have been a disgruntled employee not north korea, that pull off the big sony hack. david kennedy has been saying that all along and he joins us after this. >> the actual evidence is extremely loose. it happens to come down to what the actual language was they made a coating in which happened

to the korean. there is not enough evidence to make a judgment one way or the other. they are using what is publicly available on the internet to create these malicious software and it was very specific to sony. they had hard coded passwords infrastructure, this looks just like an inside job. maybe some help from the outside.

a checking the date board right now. the dow is down 26. what a year it has been for oil. it has been good news for gas prices. you know it when you go fill up the car. price of regular gas now down more than $1 a gallon since this time last year. aaa tells us that americans are saving. the state average for regular is now below $2 a gallon.

one station has asked below $2 a gallon. two stations now going at it. $1.57 for them. the fbi claims that the sony hack was in inside job from a former employee, not north korea. you suspected that this was not what korea and possibly an inside job. there are additional things that they are seeing.

we have a german hacking group claiming it can reclaim your fingerprints. is that right? >> that is right. just by looking at your fingerprints, on a camera, they have actually been able to re-create fingerprints off of him pictures themselves. this does have some major implications. >> i just got my iphone set's. the fbi situation. what is the problem?

do they not have the expertise? >> i think it is the opposite. the problem is they have not presented the case of why they believe that it is north korea to the public. there is some big contradiction. there is a lot of things that are complex. there is no proof that has been offered by the fbi. we are very skeptical. it still could be north korea. it is still possible that it could have been.

president obama made it very clear to the gop. he will not be afraid to use it in the new year. is this going to be the year of the veto? >> the last 25-30 years. of course he will. he is faced with something the president has not been faced with in six years. of course. >> he will come out with keystone right out of the gate. >> he has basically said keystone is not something he will support. there is an opportunity.

>> is he a dealmaker like that? now that he no longer has that, he will have to learn. he does not care anymore. maybe he will try to make some deal. people want government to work. feels will have to be made on both sides. >> this is all about imaging. it could make republicans look like they are overreaching. >> thank you very much.

him him but that down to 2015 has officially begun. you may want to bundle up. we have your frigid nude year forecast right after the break. ♪ him

♪ >> i am lori rothman on the floor of the new york stock exchange. energy it needs to weigh on the market. this despite an energy inventory report that showed a drop in oil supply. natural gas also down today by 3%. it is unbelievable. stocks are lower as a result. much more "varney & company" coming your way right after this.

♪

>> let's get back to your money. you have a pic for the new year. let's start with your pick. what do you like? i really like aly baba. what makes today's different is the best risk to reward plays since its ipo.

mobile was way up. thirty-eight and a half% of all their merchandise revenue coming from mobile. it makes a great risk to reward opportunity to get in right here. >> what is it that you do not like for next year? >> i would not touch netflix with a 10-foot pole. an online television content provider has really crank up their expenses. the last earnings report they dropped their forward guidance by about 48%.

they have also had some expenses coming online trying to bring in western europe. all of these things come together to show us that netflix is not a stock you want to be in for the new year. >> thank you very much. millions of partiers going on tonight. having to bundle up in many parts of the country. fox news chief meteorologist rick wright lived in the weather center with just how cold it is going to be. >> every other state will have some freezing temperatures out there. figures for new year's eve. we have snow going on in the

area. because of that, obviously very cold temperatures. incredible that we are seeing this. tonight low temperatures. look at this. getting down to two in denver. it could be a little bit colder than not. midnight tonight, 10 degrees in minneapolis. 6 degrees in denver. 27 degrees for the ball drop they are in new york city. >> it sounds fine for us in new york. for people in south florida 69, throw on the first. i am a longtime california guy. they will also be chilly. >> you do not see it very often at all.

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breaking news for you from sony. scheduled to do several interviews including with our own liz claman. he is now scheduled to cancel all of them. social radar is with us. they give a lot of heat about all of this business.

why? they hit the notice. i do not understand. they have sent out an e-mail notification to help people prepare with this. there are a few things that i would suggest in order to make sure that you do not get those high fares. you can split a fair with a friend. also recommend what the price should be before you have a few glasses of champagne. >> that is obvious. you know the judgment starts going downhill.

what about 2015? apple said they will come out with the apple watch sometime. likely after the chinese new year. it will start around $349. the tech knowledge he looks beautiful. it will be really exciting. you can even imagine it will be coming to your wrist. here it is. i have to have an apple watch for it to work together.

it will not work with and android. people look at wearable. you can use it over and use your phone to get on demand transportation. meantime, what is this thing about hacking the year of the smart home hacks. refrigerators will be turned off by some smart hacker?

the smart home is becoming popular. anything that is connected to the internet can be hacked. some people are worried that you will see some hacks in your home. have someone install it for you. make sure you have a pin code or a block just on your phone. you have to think. you would not hand your key out. i know it is easy not to have a pin code. >> happy new year to you. we will be right back.

more varney after this. ♪

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>> the millennial's are being criticized. they are staying home. people do not like what is going on. i think corporations understand when you get a 20-year-old in-house and they love your brand, they likely love you for life. >> you caught that, didn't you. >> they put it in my ear. >> that was a preview in our new year special. look ahead to the new year. you do not want to miss this

one. different time. noon eastern time right here on fox business. let's get some of that risk and reward. deirdre: thank you very much. we will be asking our cyber security experts how viable another attack is. potentially expensive material about chinese officials putting mark zuckerberg's company in the hot seat. you know that d.c. is hosting the winter classic between the washington capitals. the risk and reward team has a big fat on that outcome. guardians of the piece have a new target after wreaking havoc. here is the post. the result o