psidebama no rriev no cprome fr thehite house. oil and gas continues to slide. interest rates tumble. that is what is going on. farney and company is about to begin. ♪ stuart: check that the 17457. before you get too concerned about the selloff this january take a look at this. the dow rallied starting in february. maybe we will repeat what happened last year.

maybe. the price of oil is now at $48.72 per barrel. a five and a half year low. down she goes again. the yield is well below 2%. first time we have seen that since october. stocks down. oil down. interest rates. all of them. republicans walk in and they take control of congress. john vander very likely to keep the job. you want to get right out there and confront the president. >> keep things moving.

that takes new energy and new commitment. if you campaign one way and then govern another way constituents say we did not ask for that. that is not what we signed up for. >> it looks almost certain that john banner will return the speakership. realistically, do you think that we will get the pipeline built? what is going on between the president and the congress for the next two years? >> president obama will be more radical than ever. he will make sure that his leftist continues.

he believed in the status quo. leadership presently in congress and the senate, didn't they just kind of partner with obama on this stuff? hurting our economy instead of leadership on the gop side and the house and the senate. unifying the conservatives that understand pro- development to get our economy going. you are suggesting that the leadership will continue for the next few years. i hope that we can see more positive change. trying to be realistic about it. >> there will be change if the people, we the people fire.

we are not to be working for government. it has been so twisted. what government does for us and to us. we sent to to washington. you told us when you campaigned that you would be on our side. you were holding your feet to the fire this time. you had opportunity in 2010 to do that. have opportunity now to really make sure our politicians do what we send them to do. stuart: $48 a barrel this morning. is that low enough for you? >> it is going to get lower. not relying on one resource and

development. it is dangerous. really, let the private sector there, again get boring and fire up the economy. government is going to fix the economic woes. the price of oil dropping, that will continue. opec plays this little game of trying to squeeze out competitive oil. we need to learn from history. we kind of pulled back some of our development. our production. that was stupid. we need to produce more than ever right now. become more independent. more solver. hopefully you learned from the

past. stuart: i just want to show our audience the picture that you posted. he stood on top of the family dog. a little help there. peter jumped on you for showing that picture. then, you responded with a picture that ellen degeneres posted last year. peter did not give her a hard time at all. you won this one, i think governor. why is it that the liberals just hate you for every single thing that you do? >> i do not know. there is a lot about me that nobody would really like. stuart: charlie gasparino -- come on. >> nobody says the balls to the walls better than you. >> jenny you like the line?

you call it peter. we call it peter. chill. [laughter] >> my brother david a b activities golf. stuart: we always enjoy having you. you did it again for us. we just love that. thank you very much. back to the big board. a drop in stocks just in the last couple of minutes. we are down 65. you are looking out 400 points down in just over one trading session. this is jumping into the streaming business.

live sports anywhere anytime. this is aimed at youngsters who want to cut the cable cord. much cheaper than the old-fashioned cable connection. the standoff, i think it is going from bad to worse. two cops shot in the bronx last night. they sustained what is non-life-threatening injuries. as you heard a moment ago charlie gasparino is here. it has gone from bad to worse.

>> i do not think those are the type of arrests they will make. what i find fascinating about this is the "new york times" have been a huge supporter. coming out and attacking the consulate building fazio essentially wants. also in increase in the economic activity of new york.

the economy of new york returned in a better way. what caused the 1970s debacle. part of the problem was, you know, too expensive to live and work here. city. stuart: you are saying that new york city -- >> i would just say one thing. three terms of mayor bloomberg. in those years appreciate what good policing does.

i called them a socialist. staking out ground that puts the left in an anti-police boat. >> i am not and how sharpton hater by any means. you are playing with fire. this is where we are right now. stuart: the president invite sharpton to the white house. >> i would say that that is a little different. the president is doing outreach to community at this. it is another thing to hold a police summit and put the reverend al sharpton up there with bill bratton, your police commissioner. that is getting your police commissioner active status to somebody that wants to

drastically change the way policing is done in new york city. stuart: where is new york city going with this. >> i think it could be a very scary time in new york city. you did not really have that back in the 70s. it was a different media environment. stuart: another assault on freedom. more and more towns banning sledding. it is the lawyers fault. i will take that up with the judge in just a moment. the dow is down 63 points. ♪

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stuart: lower. where is the price of gold when oil is down? up 390. bloomberg reports that verizon approached aol about a potential deal. how much higher are the shares. >> a zero well up 3.1%. 47.88. significant acquisitions.

more likely to partner with media companies on video rather than acquisitions. maybe they will partner with aol on this. online advertising. mobile video. it gives them a pop. you may remember star board. it was encouraging yahoo! to consider a strategic conversation. >> thank you very much indeed. i could ask judge napolitano for his opinion. >> that is the perfect answer. >> i will give you a weather report with a british accent. frigid temperatures. arctic air gripping one third of the nation.

expected to last the rest of the week. jeff flock is braving the cold in chicago. he will show us just how cold it is. living in the states for 30 years. says america is a drift. >> my deepest sorrow is this country is squandering its great heritage. more importantly, freedom of conscience is under threat. stuart: the man is right. how we are actually giving up our personal freedoms. a growing list of cities.

dubuque, iowa, is the latest. they are banning sledding. it means liability. the lawyers are sticking it to us one more time. why are you laughing? >> i am laughing because you know i agree on this. >> it permits liability for almost any type. if the people want this system we will have it. if the people rise up and say let my kids light down that hill, we will not sue if something happens to them. the people eventually get the system of government that they want. anybody gets hurt in the

slightest way for any reason whatsoever and somebody will be held responsible. pay the lawyer 30% of what it is plus expense. >> i agree with you. there shall be no cause of action. stuart: how do you do that was almost every single member of congress? stuart: it is the same story. it is always the same. they are lawyers. >> you are certainly talking to one that is not. a cause of action for every conceivable infringement. some have a founder view.

i think america has been fundamentally changed by lawyers. not changed for the better. >> that is revolution. stuart: what about the english rule. loser pays? >> it came about by judges, that by legislatures. judges who have the authority to write rule the supreme court. it enacted the english rule. rigid circumstances under which can be used. an expanded and frivolous lawsuit. the english rule again.

stuart: i file a lawsuit against you. i lose, therefore ipay my legal bills. it permits federal judges. it does not even have to be the outcome of the case. you filed a motion that is ridiculous. stuart: the only reason i am smiling is because essentially if you agree with me. >> socialist economics.

stuart: you happen to be right yet again. they are very telling statement. stuart: he was actually right. two stories. one, the keystone pipeline. senator chuck schumer says although oil should stay here. then a private jet operator. pilots angry over the cost of health insurance. don't you love it.♪ are you

let me show you the yield on the 10 year treasury. oil up 48. ten-year treasury yields 196. we are down 100. new york senator chuck schumer says he wants the keystone oil if we build it.

it has to stay in america. i think he went to the london school of economics. stuart: no, he didn't have. >> trying to get my hands around what he meant. there is no economic rationale reason. the oil production is coming from canada. may be the refinery here would help create american jobs. we are trying to take it seriously. oil is traded on the global markets. the more you produce, they will bring down prices. no impact on the price of oil. do you see what i am saying? it is like a drop in the bucket.

>> down 102. >> i really think that the market will sell off on this. screw the markets. stuart: i am with you. >> screw the rich guys. stuart: i want $1.50 gas. warren buffett as a sharing dispute. the pilots claim they are not getting paid enough. not getting enough healthcare. this is buffett's company. >> i note warren buffett a little bit. hypocritical situations he supports president obama on just about every issue. he takes advantage of every tax break in the world.

a great investor. there is no doubt. is he going to let them unionize? >> maybe al sharpton should come in. >> off to age about it *. another 107. you have a lot of people talking about a correction. you think stocks could pull back 5% this month? i want to stress that. where the dow has traded off

aggressively. plus, we have the polar vortex and the 800-pound gorilla in the room is weaning off of stimulus. ♪

stuart: down she goes.

cheap oil. that is taking the toll on u.s. steel. very close to $47 a barrel. 48.01. staying on oil. come on in. oil is cracking. you think it will have profound effects elsewhere. what is going on? >> it is not the oil price going down that will affect the stock market. it is because the fed has ended quantitative easing and is threatening to raise interest rates. i think both markets will be under pressure.

in particular particular at this point in the stock market. stuart: we are trying to avoid qe. you are talking about the printing of money. you are saying that the fed will get back to printing a whole lot more money with another big operation coming up soon. >> absolutely. the recoveries that they created was built on a foundation of quantitative easing. if propped up the oil and stock market. everything they propped up his coming tumbling down. >> we had a prediction yesterday from keith fitzgerald. we would go down five, maybe seven this month. i take it you agree with that.

>> i have no idea how much we will go down. gold stocks are already up 10% in 2015. we are only a few days into the trading year. they are now threatening to break out. gold has been strong. even with the dollar strengthening. the tide is turning. >> we are now down 132 points. you are looking at a 400-point drop. fifty points actually. we are up a couple percentage points. i want to bring in andy from houston. our oil guy. we are up 48 and small change. we are on the verge of hitting

47. are we anywhere near a bottom, andy? >> i do not think so. oil demand goes down in the u.s. to the refinery. stuart: an economic slowdown that is reducing the demand for oil. is that what is going on here? >> i think pretty much. the oil sale has been a spectacular success. >> you think that the price of gasoline will go down more?

stuart: we are up 4802. there you go. we are dropping almost 10% in the first trading week of 2015. oil prices were at 45 and a half per barrel. we sell them spike up to $145. we could see a similar cycle happen over the next two years. >> i think you may have just moved the market. thank you. and inside job. an ex employee of morgan stanley

stole information on 350,000 clients. he posted some of it online. charlie, you know a lot about this story. what was this person doing? >> probably three french fries short of a happy meal. he was caught almost immediately. stopped about the clients. the only thing i can think he would do, you know, he has some harebrained explanation. the only thing i think he could be doing is assembling a list of client names and some of the account numbers. apparently, that cannot get you inside. stuart: stealing from your accounts and stealing the information. what does that mean?

>> i do not think a wells fargo or a big brokerage house would care about that. it makes no sense. stuart: and inside job. >> a good chance that there is another ivy league. it involved on wall street. they throw the book at you with this stuff. >> companies like tesla are having a tough time with it because of falling gas prices. why is a company launching a new battery operated scooter? ♪ you laugh. you worry. you do whatever it takes to take

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nicole: i have your fox business brief. not too far off session lows. the dow, the nasdaq and s&p all lower today. we have seen the selling. ibm, jpmorgan, goldman sachs. american express down over 2%. caterpillar under pressure. johnson & johnson and merck both

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>> the tech knowledge he start out in las vegas. planning to set up battery swapping stations. elizabeth claimant has the exclusive video. hi liz. i think your man has a problem. gas is cheap. who will buy an electric scooter? >> you would think that that would be a problem. the go pro scooter is completely different. before we show it to you, we got inside here this morning. here we are at the convention sent her. it is right over here. it is what you would call a fascinating venture capitalist idea put together by this man.

two dollars a gallon. who needs this right now. >> the gasoline price goes up and down. average. to us, we look at how people are using energy in major cities around the world. people are moving around on scooters. all electric, hyper performance. >> let's go to show it. basically, it is not just about saving energy or gasoline. the most dynamic and populated cities in the world. >> very sophisticated. it actually flies off the line like nobody's business.

if you do not hang on, you will fall off. stuart: i want to go around the corner to get one. here are the batteries. they have how many sensors in them? >> about 20 sensors in each battery. we imagine how people will use energy. they simply stop by one of our stations. >> how long does it take to swap out the battery? >> six seconds. >> where will it be unveiled? >> we are not ready to talk about that yet. it will be one of the most exciting cities. >> this is my new thing.

who is this for and is there a price point yet? you raise $150 million to make this. they want their money back at some point. >> 18-20 years old. remember when you were young and going to college. you were a coca-cola person or a pepsi person. we want to change them just when they are deciding what their solution is going to be. we can create a solution that i would say change the future. >> great to see you. thank you so much. remember that movie where they killed everyone at age 29 because the cities were to populated? this will prevent the logan's run. we have spam song first on fox business. we have gorilla glass. we are going to do a demo again.

we also have music. he is selling his music embedded in two speakers. no need to go anywhere else. back to you. stuart: i will be there. no matter what. we will see you. young people, far fewer of them are starting their own business. why is that? one business owner that had to start this company overseas to turn a profit. what would president obama to save him? >> if you have a business, you did not know that. somebody else made it happen. ♪ if you take multiple medications, a dry mouth can be a common side

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stuart: not many people saw this coming. a 155-point drop on the dow jones industrial average.

it has been reversed in the last couple of days. look at that please. interest rates falling sharply. they used to be bullish. now it is not. a millennial entrepreneur. 3.6% of millennial households have a stake in a household company. 10% in 1989. come on in, a young ceo. currently, the equivalent of ebay. he started it there. not here. why? he did not use it to start the

company in america. >> thank you for having me on the show. i work for a year at microsoft. they applied for my work visa. i went back to india and started the company. earlier, my intention was i would start a company in the u.s. even though the ecosystem is not that developed, i found that given the work visa restrictions back home, i could definitely work the business for the long run there. stuart: they pushed you out of america. let's suppose for a moment that you state. you got the visa.

>> i am actually no expert. however, the ecosystem is very strong. i think it is a lot of young entrepreneurs. they are encouraged to start businesses here as they were back in the 80s and 70s. i think we could see the young entrepreneur startups that you were earlier referencing. stuart: i think you are leading the charge for immigration reform. thank you very much for joining us, although it brief. president obama is going to go it alone. lou dobbs coming up to talk about that. he will be new at noon.

harvard professors. they have to live with it. their premiums are going up. you cannot make it up. the second hour is two minutes away. ♪

stuart: the president is not going to retreat, he is not going to compromise lizzie sticking with tax the rich, grow the government, slapped down business and ignore the attached. that is his policy and he is not changing. it is as if the election never happen. republicans control of congress today but the president is not meeting with them. he has left town for a series of speeches promising more use of the pan and the phone. no deals on the issues. people use executive action to ram through his policies. it is beginning to look like a minority. king barack is is a decree, we the people have to swallow it or do we? with a little backbone republicans could give us some real change.

rolled that part of obamacar, blocked dumb regulations get the irs off our backs, even cut taxes. the media would hate it. we the people would love it. stuart: you are looking at the low point of the day's trading on wall street down 158 points back to 17,343, we are continuing yesterday's big sell-off. the price of oil touched $47 a barrel earlier, now it is at 4811. gasoline, and one dollar club expands to eight states, they are on the map, where the state average is the the $2 a gallon. tweet states and the $2, cheapest gas in the land $1.55 at western convenience in fort collins, colorado. you have not seen those low

prices in colorado before but we have them now. from north planefield new jersey over the weekend $1.85 for gallon of regular gas at costco. that is in new jersey where i live. you drive all the way there. look at that. $1.92. you criticize me earlier. i said the yield is below 2% in you questioned that 192. >> basis points? i-man and give him the buzzer. lou: i am cheering. stuart: first time since october. lou: and the ten year yields. that is saying something. stuart: i need you to help out here. what is with this sharp decline on the yield on the tenure

treasury? 2% and the one dollar $0.92. what is going on? >> not on a bank with the cheaper oil prices because the oil industry has been responsible for a third of the job since 2008. if we see the industry coulter not only those with 401(k)s for stocks, a could be a knockout effect of jobs. if it is a real predicament. would they love to see gas prices at the pump $75 million more in their pockets. and might lose their job. how is the fed going to raise rates? >> no answer to your question. stuart: 173 on the dow industrials and the oil out $480 a barrel. you are the guy who correctly forecast this down trend. are we going to go lower than 190 on the ten year treasury? >> we will be around one 50-116

meaning things are bad. we will not suffer a bad year as well as a weakening china and that japan. those things will bring it down, will price is good for the consumer, on the macro part of the economy. 150 to 1 '60s in here. stuart: you have been right before. let's see if you are right again. >> i hope i am not this time. stuart: thanks very much. as you heard moments ago i call him the no compromise president. he is already pushing his executive orders and the new congress hasn't even been sworn in yet. i think it has by now. listen to the exchange between fox news's ed henry and white house press secretary joshed ernest. >> are you moving forward on executive action? he is free to do that but you say he is getting ready to do something? >> the president is determined to make progress where he can on his own. stuart: determined to make

progress on his own. keywords on his own. look who is here lou dobbs. lou: thrilled to be here. stuart: he is the no compromise guy, no real treat. lou: we have to agree now that this president is to we feared he might be when he was elected. he is radical. i heard a number of folks saying over the weekend and even as early as this morning that the president is getting ready to compromise, these are republicans talking, he will be more accommodative spirit. meanwhile the is on the road selling more executive fiats and the republican leadership is talking about meeting halfway. do they not understand that this means to have only one way and it is barack's way. stuart: they have been demagogued to death. taken for the president and media will take the president's

side, they will back off, they have been demagogued to death. lou: they have been outmaneuvered, outsmarted, outworked, work is not normally a word i associate with president obama but his political team has done a brilliant job. here is the reality. the republican leadership is playing a part of useful fools for this president. talking about compromise, talking about meeting halfway middle ground these are profound important issues and dave were elected to resolve those issues, not to compromise the shoes and the reality is whatever the vote is later today on the speakership there may be a lot of people who are deeply saddened by their choice of speaker because this speaker is showing every sign of being accommodative, compliant and appeasing what is clearly now a radical left president who is

going to hold sway to the ultimate degree and in which he can. stuart: however why should the president compromise? 5% growth in the third quarter of last year gasoline prices at extremely low levels, people really love that. lou: you are not thanking king said barack for that. stuart: of course not but he can say look what we have got. why should i retreat? look what we have got. lou: you are exactly right. we should ignore the fact that 20 million people still don't have jobs, this president has waited until the sixth year of his presidency to mentions things that concern him like race and has managed to be smirch every police department in the country accusing them of racism. he is the man who says to us now hopefully that iran and the united states may have a nuclear deal which we know is a death threat act by a president desperate for a magazine. this is a presidency that is out

of control. stuart: there is no way of framing it in. lou: there is. there is a requirement for a speaker with guts to use his 245, to be 246 members of the house, largest majority since 1928 a senate majority leader mitch mcconnell, who can lead on these issues and master those majorities to contend, to the countervailing influence. stuart: the price of legislation put it on the president's does, he vetoes it it comes back. lou: to me that is a full's act. repeal obamacare 50 times in the house what kind of mindless exercise. a couple things, start to assert the constitution. to engage this president on a legal basis

stuart: need to sue him? lou: if i may. there are three branches of government and we would like to employ all three. the president, you referred to him correctly as a monarchist. this is a guy who has discovered there is no push back there's no countervailing influence because no one ever imagined the chief executive would take the license that he has. stuart: how long will it take to sue him and get a result? lou: you'll see some expedited reviews and you have to get serious about it and i mean serious. they keep talking this nonsense so afraid of dealing with honestly with issues like immigration, trade policy, with the economy. they are scared, the republican leadership by scared to death at exactly the time they should be standing up and representing the middle class of this country working clinton and women, small business not the corporate u.s.

multinational interests and stand against a president who is violating the constitution and make it clear he intends to violate it more in the days weeks and months ahead. stuart: glad to see you getting fired up. you went to harvard. >> i did go to harvard. stuart: what the make of harvard professors in favor of obamacare, now applies to them and they don't like it. lou: i know you are shocked look at harvard which is my alma mater and some of my children and we proudly, proudly mention that but the fact is you got to be shocked at these winding leftists. these folks, academia. even the left wing academia standards these redistribution this folks who haven't intellectual courage and integrity to declare themselves what they are witches socialists are whining about the redistribution that they support so avidly in every other quarter.

until they have to add $10 to their co-pay to visit the doctor. now there screaming like stuck pigs. stuart: next time you are on this show i want you to do them any my take at the top of the show. lou: in my weight class we have to change that. overweight. stuart: thanks very much, downgrades for michael course, that stock hitting a new low. am i right? a new low? >> $56.24 a new low, down 9-1/4%, downgrade comes from credit suisse, they lower this one to neutral, a new price target still higher than the current level, requested a three year chart because you remember this was such a darling. last year sold off 7% prior to that in 2013, was a 63 2012 up

nearly 90%. they downgraded this because of heavy promotion on that side. stuart: despite all your bind of michael course down she goes. i have to break in and look at the big board. this is a new low for the day. we are close to 190 points. at that tee yesterday's strop and we are looking at a 500 point drop in two days 17-3. here is what we have the rest of the show, deep freeze arriving for a big section of the country, negative wind chills snowstorms live report coming your way. the cdc says the flu is at epidemic levels and this year's flu shot is not working. you see? i was right. after the break the fbi says it is allowed to snoop on your cellphone calls without a warrant. we talk with a former fbi agent, special agent next.

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stuart: this is not the low of the day but we're down 177

points, almost exactly 1% and here it is part of the reason why. price of oil keeps tumbling down. we are at $47 a barrel as of right now. just a tad below 40, that is a $2 drop bringing the drop of the last couple days to near 10%. another big story happening now the yield on the tenure treasury down 1.90% this is a spike down in the yield, is unusual and it is happening right now land that has spooked the stock market. the search continues for two suspects who allegedly shot two cops in the bronx last night, new york city, sustain non-life for ending injuries, they were investing in arm robbery, they were not targeted. meanwhile there are reports the second week in a row, tickets on the rest are down across the city. this is the fight between bill deblasio and the police department.

liz macdonald is here. >> there are threats against the police, that they are sitting ducks, more police could be targeted for assassination. there are dozens of threat under way. my brother-in-law's firehouse was shutdown next to the precinct where two cops were assassinated, where they walked out of and the firehouse was shut down on christmas eve because of the threats. the fbi and why fire department saying they did not get these threats. stuart: the uniform services, arm in arm with the police. the threat of this hostility is directed towards uniform services.

>> and so concerned, here's the thing, emergency vehicles in the firehouse. it is hurting local residents. read the the public of persuasion, both sides of the political aisle presidents -- and cit bridges to every anarchist who wants to protest or whatever calls they want. that are allowed to block traffic. and fred still coming in against the cops is really serious and has to the about law and order and protecting and the uniformed police. stuart: and want to get back on board with that one. we want to bring this story about fake cellphone tower is popping up across the country. these hours are used to monitor your location for your cellphone signals. the fbi said there will be no warrant to request that data the these towers pickup.

a former fbi special agent for remedial, founder of united states continued service. let's get it clear. these cellphone tower's top of, collect information the fbi gets information from that sulfone tower. and where you are moving around. i don't have a problem with that. do you? >> i don't. i can't go into the technology. i've left the fbi two years ago. what i can tell you is i don't have a problem with it. i know the reality and the majority of this information that is collected is a couple things. it is just told information that you used to throw out when you had paper bills into your trash can was collected on the side of the road and that is the same as nsa collection. stuart: civil liberties people will come, this is an invasion of privacy, you are spying on

me. what do you say to that? >> where were they when it was thrown in the trash? it was broadcast out, close proximity to the phone. kilby fame is the fbi and other law-enforcement agencies can respect the reasonable expectation of privacy people have. if you are in a phone booth they don't exist anymore but you can't just capped a phone booth because that is not open air to the public same thing with the phone, they won't go in and collect anybody's conversations anybody's text messages that happened to be driving by, they met specific things and in certain cases especially emerge and see circumstances these things will be used to collect and develop a spider web of to is moving where and try to develop a picture. stuart: in the age of nuclear terror if you have a terrorist cell in the country, i don't mind if the fbi tracts where they are calling from.

i think you need a warrant if you are going to listen to the conversation. that is a separate story but i have no problem tracking somebody buy signals given by their cellphone. >> you are an educated person looking at this in a realistic manner. people have to understand that the press gets a bad rap for the way they portray things but we really need to start looking at people like the the aclu, civil liberties people to go after this stuff. they don't have a realistic vision of how you protect this country. they are not interested in that and it is time to start looking at things effectively and realistically and the american public really needs to wake up and start looking at this. otherwise these people write these articles for the way people like al sharpton or the aclu come out and spread these fake crises. stuart: fair enough you only left the fbi couple years ago. thanks for being with us.

appreciate it that. windchill way below zero, snowstorms blistering cold in chicago. we will take you right there in to the center of the freeze next.

peter: one interesting pattern developing today. we were down 200 moment ago and he is the reason why. just look at this. 1.89% of the yield on the ten year treasury. sounds technical but that amounts to a plunge in interest rates so here is what we have got. we have oil at $47 a barrel this weighed down, interest rates way down and those two elements combined up pushing the stock market down about 200 points. that is what is happening now. the republicans right now take control of congress. president obama is not working with them. it is and incoming congress, he is not meeting them, he is starting a three they raja to push his economic agenda. ironically to a ford plant in

michigan that closed this week because of lower demand for the hybrid cars could they make at that plant thanks to much lower gas prices. south dakota republican senator johnth will not rollout raising the gas tax. fee is a new leader of the senate transportation committee, he is a republican. he says the federal highway fund continues to face shortages, the fund is looking at $100 billion shortfall but he is a republican and he is looking at a gas tax increase. it is cold in chicago. below freezing temperatures and getting colder tomorrow. here is our brave fox business reporter jeff flock who is in the chilly streets of chicago. listen to this. friday of last week i was on the beach in adelaide, australia and 106 degrees. i want you, jeff flock to tell you what it is like on the streets of chicago at-13.

jeff: i got the tee shirt you had on the beach in australia. sayre is your teachers, what it looks like today. you could kill somebody with that teacher. this is the water tower shopping mall usually packed with people. i.t. si seven eight people today, it is cold. a mild winter so far. if you look get the wind chill that we have a wind chill map, fortunately right now is not blowing too hard but tomorrow it will really get down there because we are looking at wind gusts 20 30 miles an hour and maybe-50 wind chill to the north in minnesota. stuart: i think you used televisions and better than almost every other reporter i have seen. >> it uses me, i think.

in a stuart: that innovation of the cardboard t-shirt that is an bendable in the ice is really cool. made into a frisbee. stay on the streets the rest of the day is your assignment. you got to live with it. little more than an hour until congress votes on john boehner. did he keep his job or not? he really will keep his job. there is some divide among republicans. more on this next. >> it really is time for a change. you deceived us when you went to obama and nancy pelosi to get your votes, you said you would buy amnesty to send mail, you didn't.

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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. stuart: relax. do not get too concerned about the selloff. the dow ended up that year 8%. trying to make you feel better. close to the session lows. boyle, $47 a barrel earlier. the market does not like that. the price of regular is down more than 1 gallon from this time last year when it was

$3.31. fort collins colorado. we have cheap gas there now. we have lauren simonetti now. what is this about the third year? >> i am trying to be a ray of hope. we see the dow take more than 100 points in the first two days of the new year. like you said, we are in the third year of a presidential term. the dow has never ever ever been down on the year when we are in the third year. stuart: the third year of a presidency. >> it gets better. the last time the s&p was down was 76 years ago. are you ready for this? it is 2015.

it ends in a five. ninety-two years ago the s&p was founded. there have been several years that end with a five. because this year ends with five, we will all make money. stuart: do you go to a fortune teller? >> yes. my lifeline. [laughter] stuart: do you believe in the one where the year and in a five? >> yes. i believe that one. it has to be hopeful. stuart: we 'qqq a light interlude on a day where the market is down. thank you very much. let's run through some beaten-down stocks, shall we?

let's see whether or not our experts would buy them or not. you are a huge toll on apple. apple recently has come down. i take it you would snap up or apple stock right now. >> correct. i would. i still have a long-term buy on this. they have the new watch coming out. they are making a new move in mobile payments. mobile commerce with the apple pay system. it just got a patent for a totally flexible smart phone. this is a company that continues to push the boundaries of the cutting edge of technology. i see a great year for apple in 2015.

i think the new iphone six will continue to be a success. stuart: how about tesla? >> it is an exciting company. 3.2 seconds. that is as fast as a porsche. it has this thing called autopilot. it is a five. >> let's move onto google. would you buy it now? >> yes. the ceo looks that warren buffett as an example how to run a company. they have big things on robotics. they still own the world market for online search. they have new tvs coming out by major companies like sony and shark. stuart: you are backing 343 at the moment.

[laughter] >> i see a good 2015. i think people are a little worried right now. i am not worried. i think that people will realize that technology will lead the market. stuart: last stock. beaten-down as it is. amazon. would you buy amazon? >> no. i love the company. i know the ceo. i am a longtime member of time. i love the company. it is a hold temporarily. i want to see where we are at at the end of this most recent quarter. i have it as a hold right now. christmas sales. stuart: clear. clear and straight to the point.

we appreciate you being with us. >> thank you stuart. great to be here. stuart: electing a house speaker. a couple challenges from john landers party. sarah palin joined us last year i the last hour. >> it takes new commitment to fulfilling campaign promises. constituents say we did not ask for that. that is not what we signed up for. there is a lot of support out here in the real world for change of leadership. stuart: she says we do not want banner. elizabeth macdonald is with us. what do conservatives want? >> what they need -- they do not

have eric cantor. what they want is a leader who will take on the white house with major issues coming up. it is immigration. big government spending. they want a confrontation. show where they stand on the issue. stuart: boehner well when on a wide margin. >> 29 gop republican. they only have 13 republicans who will vote against boehner. stuart: it sounds to me that most will go along with boehner and do not want a confrontation which some conservatives want. >> they need a leader to lead that confrontation. >> we understand it. thank you very much.

the flu season. it is getting worse, you know. the flu shot, this year's flu shot is not working. that is one of the reasons why i do not get one. doctor mani is next. ♪

♪ nicole: down arrows on wall street. the nasdaq down 1.2%. the s&p 500 down 16-point as we speak. jpmorgan down 6.3%. united technologies also ladders on the dow. right over to energy. the worst performing sector of the day. also for 2014. twitter is back in action. it is up 3% right now. facebook started out. look at that.

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stuart: let's talk flu shall we? the flu epidemic is nowhere close to ending. widespread outbreaks. the shots not working this year. doctor manny alvarez joins us. i will not have a flu shot that is only 40% effect this.

>> the reason the flu season is so bad this year is because the strain was not included in the vaccine this year. they had to make a calculated guess. there are multiple viruses. what will we include? how many strains of influenza a and b. it just so happens that this strain is not included. we still recommend that you get the flu shot. you may have some protection if you get the flu shot. here is the problem, mortality rates are very high. we have seen cases of even teenagers dying. 20,000 americans die of the flu every single year. the numbers are very high. even some cancers that do not

reach those portions. it is important to monitor the symptoms. if you do not get better over a certain amount of time, you need to have medical intervention. stuart: if you want to give me a polio shots, i will take it. polio is a dire illness. do you happen to get the right strain? >> you have multiple cousins that are all bunched together. one is an individual. the combination of different genomes. that makes it different. stuart: you will never convince the general public to get a flu

shot when you have a general success of 40%. >> it is a different problem that we have today. the strain is a little different this year and it is not included. so far -- >> the flu shot has prevented billions of death around the planet. stuart: a new survey. it says 42% of us in america we did not take any vacation. not a single vacation in 2014. i think that that is terrific. the poor people not able to take vacations. looking to break down. economics play a significant role.

it has to go out with economics. you look at the main income of people that take 21 days. it is a big problem. if you do not unwind -- stuart: weight a minute. >> that is not a good thing. it is the land that allows people to come here. go to work and try to climb the food chain. if that means dedication to work, get up there in society make that money, save that money, get your kids into college.

>> look at the statistics in the 50s, for instance. >> of course they did. how do you think that ime was built? >> they work harder at getting free labor to the boss. >> really? what about the loss of proto- did the deed? >> exactly right. productivity goes down the drain. >> nonsense. stuart: just wonderful. two people in england. they get thousands of dollars from the government because they are too fat to work. that is next.

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stuart: and morbidly obese british couple pulling in more than $3000 in warfare.

their weight is not stopping them from planting a big wedding. elizabeth macdonald is here. >> 350 plus each. stuart: that qualifies them not to work because they are too big in england? >> they are on welfare benefits. he has not worked in five years. the wife has never worked. they are planning a wedding that will be paid for the use of the housing benefits that they get from the government. stuart: wait a minute. the british government says we are too big to work but we will give you a wedding ceremony. >> they will serve things like -- spew to socialism.

>> this is why socialism will collapse under its own weight. no pun intended. you have responsible people paying into the system. stuart: you were saying that you have to take vacation otherwise you will get sick. >> i did not say that. i said you should not be giving free labor to your boss. stuart: they should be forced to go to work? >> everyone that can work showed work. stuart: you are so cool. stuart: i am realistic with what is fair to taxpayers. >> more varney after this. ♪

>> we need to start looking at these civil liberties people that go after this stuff. it is time we start looking at things effectively and realistically. stuart: discussing the fake cell phone towers we have been telling you about. here is what you have to say about the rest of the show. robert does not like the criticism of sarah palin. it just goes to show these liberals have too much time on their hands. he merely has his foot on it. there is another picture where he has 2 feet standing on the dock. why did you get the shot? check the markets. we are off the low of the day.

oil is $47 a barrel. 1.89%. interest rates way down. teardrop, it is yours. verizon ceo says you are more likely to partner with on demand companies versus internet ones such as aol. the world largest technology conference takes place just off the vegas strip. speaking of iconic brands, to retail ones are combining. coach and stuart weitzman. verizon says no significant talks to the idea of buying aol or any nonmedia company for that