>> talking about when they will raise rates. i just cannot wait for it to happen. maria: i will see you on friday. thanks to jamie dimon. it is time for varney and company. stuart, have a great show. stuart: we have to rethink the state of the economy. good morning everyone. retail sales in december dropped. what a surprise. the money we saved at the gas station was not enough. how to build a hard to detect bomb. carry on baggage getting extra attention at airports. varney and company is about to

begin. ♪ >> ice cold in the snow. how could it be so? it came without thanks. it came without packages, boxes or bags. it look like the grinch stole christmas. retail sales down 1%. not having a positive impact on the stock market. down 183 points. how about the price of oil. where are we now?

that is within shouting distance of a six year low. here is the story. commodity prices are falling. copper is leading the way. the price of gas continues to fall. down another penny overnight. 338 year ago. down 128 gallons. here is the key indicator. interest rates. it bounced back. historically, a very low level. our go to guy on commodities. eric, i want to stay away from technical details. what is your evidence that prices are falling? >> i am not claiming deflation

is in play. prices fall too hard, too fast. >> hearing people talk about deflation. leading in some air out of the bubble. that is a good thing. the grinch as the analogy. i look at it this way. the grinch comes around at the end of the story. that is what is going to happen. if you extend that to the fold here, for the whole 2015, you are talking about $225 billion. this is a consumer economy. that grinch will turn out. christmas 2015.

>> wonderful thing. we all cash in. >> look at what is happening. the oil prices are dragging down. people are pulling money out of everything. global economy must be slowing down. i will stop pulling money out of everything that moves. this is a temporary thing. there is all this spending power out there. they will be able to increase the prices. look for quarterly profits. >> i think that there is zero

inflation. >> , play a perfect scenario. >> look at the long-term. interest rates are low. going forward, this is all good for the economy. stuart: thank you very much. more security screening at airports. you will probably have to wait a little bit longer. published instructions on how to make a hard to detect bomb. it says it could be used by all. >> it looks to me like they are jumping because a magazine article came out.

>> no longer need to be a part of what is going on in yemen. you do not have to be a part of it. you do not have to travel there. you can get 828 your self bomb. learn how to do this. this is a serious problem for the united states. >> yes, it is. the bad guys are leading this. we appear to be in retreat. they come out with a magazine article about a hard to detect bomb. we will jump through hoops. we are not winning. we are not this. we are retreating. we are reacting to them.

>> we are totally defensive. if we have a strategy that tries to pat patdown people at the airport to find the bomb, we are already losing. you have to get that guy while he is making the bomb. before he gets into the plane. i know a lot of people do not like the united nations. the security council to me, is a perfect place to call an emergency meeting. that is where we should have pressure on them. samantha power was in kentucky giving a speech. john kerry is in india talking about climate change. this is an administration that believes the more we talk about islamic -- they are trying to downplay it i ignoring it.

>> looking at violent extremism. invited to that conference will be until health professionals social workers, that kind of attendees. we will try to understand them. >> if we could just use the appropriate language. these guys would understand that they need to calm down. i think it is a crazy idea. we need to invite arab government and arab growth. this is fundamentally in your backyard. we will support you and do what we can. >> i am not sure if this is the low of the day.

one and a quarter percent. seven teen, 300 is where we are now. the gop congress is moving ahead with a number of votes that will surely make the president angry. a long line of details. vetoes of the keystone pipeline. vetoes of the 40 hour workweek. vetoes on immigration. you're taking, your idea, it is to take out funding for the president executive action on immigration. >> it is pretty much the strategy of the house and senate leadership. you have a president that is in violation of federal statutes.

passing legislation that will bar the president from using money. stuart: is this the plan to set up a line of vetoes? the president being pushed to veto the pipeline. veto the 40 hour work week. see how far it can go. >> the hope is democrats will come across. we have a lot of americans struggling to find good paying jobs needed to support their families. helping us override these details. then we can implement legislation put into law a statute that bars the president

from doing what he is doing because he does not have the money to do it. will they put the blinders on and only focus on illegal aliens? stuart: are you comfortable? do you think you have enough democrats to support you? >> it will be close. not enough to get to the two thirds threshold. debating the issue as we speak. i do not know what the final outlook will be. stuart: what is coming down the pipe here?

that is what is likely to have been in the immediate future. >> act in contrary regarding to the witches of the american people. you may see a president that acts on behalf of the american people. >> take you very much for joining us sir. elizabeth lawrence war on wall street. we have that story coming up for you. first, i will brag about my daughter jill. i am proud to say she won the hotel showdown on the travel channel last night. she won $25,000. isn't she great. >> three-two-one. go.

[cheering] >> it is so nice to meet you. >> coming out on top.

>> 1238 pounds now. bad retail sales numbers for december. sales were down 1%. clearly hitting retail box. give me the list of losers. nicole: more cautious towards the end of the holiday season

for whatever reason. walmart and target macy's, all down more than 2%. much like sears, jcpenney. down 1.3%. there was some decent spending at restaurants and grocery stores. shoppers are cautious. the economy has been improving ever so slowly with job growth. it is choppy, at best. stuart: ouch. not that. thank you. taking a look at jpmorgan. it is down. it took a mere billion-dollar charge in legal fees. cheryl casale they took off a billion dollars.

>> senator elizabeth warren who has been leading the charge. seven years after the financial crisis. 10,000 people gone as employees of jpmorgan over the past year. thank you elizabeth warren for that. they actually had a pretty decent number. making money. the government will not back off. she wants them to continue to go after the bank. this will crush any bank that is trying to actually broke cover and make a profit. stuart: i believe one of elizabeth warren's staffers quoted saying we will make them bleed. referring to other banks hillary clinton's campaign?

>> i believe that that staff are was referring to the banking industry. you can see the fatigue as you listen to jamie dimon. you have class action lawsuits against jamie morgan. when does it end? she does not want to see it end. i think that is my biggest concern right now. it is hurting the economy. other banks letting people go. i am sorry. at what price to the economy you win a political office? when do you stop? she is not stopping. i hope voters wise enough and see it is a very selfish run she is about to make here. >> higher profit.

lending looks less profitable. wells fargo. does not help the stock. take a look at tesla. you lawn musk said sales in china were "unexpectedly weak in the holiday quarter". they are now down 190. john boehner. michael hoyt, a former bartender hatched a plot to poison or shoot the speaker. they say he was hearing voices. he thought john boehner was the devil and responsible for the tram 15 outbreak. president obama -- some guy called this guy a on political attack dog.

just 46% of american children live in a so-called traditional home with both mother and father in their first rh. doctor ablow is here in the next hour. jumping on the bandwagon. would you drink gluten free beer ? maybe it has something to do with the millennial's. would you drink it? absolutely. i blame millennial's. pulling the pork from its menus at the restaurants. we will explain that in a moment. ♪

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at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda.

stuart: alley pop. we call it the chinese amazon. ninety-eight. the ipo price last year was 68. disney has moved its jungle book

we make back. 2016 remake of that wonderful cartoon. 2016, it is coming out. announcing they will make a new lieutenant free beer. how do you make a beer without barley, wheat or hops? lauren simonetti is here with some details. how do you make a beer without those gluten loaded ingredients? >> you replace the barley with brown rice. it has a caravelle undertone. i know. he is laughing. apparently, it is good. the company is brewing a completely separate from their other beer.

you have no gluten contamination whatsoever. gluten free is a hot trend right now. stuart: i have no problem with it. no problem with me what so ever. i just wonder how it is going to taste. >> so many people are following a gluten-free diet these days. either because they have to or they think it is healthier for you. >> one of the biggest trends in the health industry right now. companies are smart to try to capitalize on it. it could bring millions of dollars in sales. it will probably be a diet fad. a lot of people used the diet to lose weight.

>> pizza hut coming out with gluten-free products as well. dunkin donuts did not really succeed here. stuart: look at this. chipolte. lauren, what is this all about? >> they are all about sustainability. a routine spot check. they found one of their pork suppliers used not sustainable practices in the raising of pigs. hundreds of chipolte is showing the sign. stuart: that is probably a good pr move. we are responsible. we support sustainability. look at us. come on in. we will not cheat you. >> a have been a success story.

they are doing great. the millennial's and other people like how they treat their animals, their food, their people, their farmers etc. >> -- >> find another supplier that meets their standards. >> companies are grabbing onto the organic all-natural products. stuart: another terror threat. and at the air force basically. how to build a bomb that is virtually undetectable, they say. new cause from senator ted cruz. send all the employees to guard the southern border. does judge napolitano like the

fact? oh of course he does. he is here after the break. >> we should abolish the irs. ♪ startup-ny. it's working for new york state. already 55 companies are investing over $98 million dollars and creating over 2100 jobs. from long island to all across upstate

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stuart: consumerism is and retrieve. you are sick and tired of buying a bunch of stuff piling it under the tree. >> do i really need the newest iphone? actually, i do think that people are getting sick of it. >> not doing any holiday shopping this year. that includes online shopping. >> millennial's are the ones driving this. >> american consumers can be discriminating consumers as well. i think they should be. stuart: just maybe. we called it right last month. buying stuff after stuff. piling it up under the tree. sales down 1%. >> you were right. we did not buy electronics.

we did not buy sporting goods. things that you do not need. food gasoline, building materials of all things, and automobiles. things that we did not meet in our life, we did not buy as much in the month of december at all. stuart: they did not use that extra money to buy presents for under the tree. they paid down hills with it, but they did not spend it. >> putting more money into their savings accounts. consumerism was not a winner. >> al qaeda published what experts say appeared to be a detailed and lethal hit in bomb recipe.

>> a checkpoint here at terminal two at o'hare. armed with escape detection. looking at that full-bodied scanner back there. a lot of smaller airports do not have that. they have the metallic scanner. potentially, it could be made with simple household goods that are found around the house. they also have a tip about where to put it in this article. inside the body cavity. they do not specifically say where that would be. i will leave it to you. stuart: all right, jeff, we hear

you. are there any extra search measures taking place at o'hare now? more people having their carry on bags go through. >> indeed, there are. patrols by homeland security police. i spend a lot of time at the airport and i do not particularly see that. definitely tighter security. just in case you need another reason not to like the irs just in case, sort shortages could mean delayed tax refunds. rolled this tape. >> the single most important tax reform. we should abolish the irs. there is a powerful populist instinct to take the 110,000

employees at the irs the padlocked building and to put all 110,000 down in our southern borders. [laughter] >> go, ted go. stuart: wait a minute, judge. this is ridiculous. you know perfectly well that the irs will never ever be abolished. it is a waste of our political enemies. >> it may be a very good use of political energy for this reason. politicians often put out trial balloons to see how it goes. a conservative republican base that will choose the next public and nominate. this is a very popular thing for him to say whether it is popular or not.

he is saying there should be a flat tax where instead of in the carney case where your tax return is 16 inches it, you would have an index card you what you earn times .13 is what you owe. that is it. that is the type of simplicity that i believe mr. cruise is suggesting. you will see a lot of voters in favor of it. >> is that practical? >> i do not know how that works and i do not know if you could do it overnight. simpler, less costly, less bureaucracy. even stuart varney may agree. >> i agree with it.

what about the half of the population that works and does not pay a dime in federal income tax. >> are you talking about the uber rich that receive money from sources that are not taxable or people below the poverty line? >> a do not meet the tax threshold. >> there are a variety of these flat taxes. more than half of the public does not pay any taxes. i will give no one a deductible and tax all income. even welfare and social security. >> everybody now has to pay taxes. >> that is a good response and the heart of the problem. you have to find sort of a happy

medium. stuart: you would agree with that also. >> sort of like the british civil servant. stuart: do not put words in my mouth. [laughter] stuart: i am interrupting your laughter. ♪ [laughter] stuart: hold on a second. stop the beatles. i have breaking news. as expected, the house has voted to undo president obama's immigration orders. separate out the executive orders. separate them out from homeland security funding. up next is the bad economy good for the pond business?

we have the answer after the break. >> once i give you the ticket, we have to own it for two weeks. >> nobody ever told me that. go give me my earrings. >> how about no.ca ♪ if you have copd, ask your doctor about once-daily anoro ellipta. it helps people with copd breathe better for a full 24hours. anoro ellipta is the first fda-approved product containing two long-acting bronchodilators in one inhaler. anoro is not for asthma. anoro contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. anoro won't replace rescue inhalers for sudden copd symptoms

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brief. the dow jones industrial average is down. the s&p is down 18. the nasdaq composite is down. jpmorgan, goldman sachs walmart, american express among the loggers. one glimmer of hope with utilities. con edison of a half percent. also american electric power. of three quarters of a percent. game stop. doing well. sales of 13%. the locker, goldman sachs cutting this one. downgrading it to a cell. a 5266. down 5% right now. more varney and company coming up. ♪ you drop 40 grand on a new set of wheels, then... wham! a minivan t-bones you. guess what: your insurance company

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foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500 its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon a different kind of wealth manager ...and black swans are unpredictable. stuart: take a look at this. ge has announced a new bridge with a built-in coffeemaker. these are photos. it will prove any of the hot and cold cups. $300.

look. put the camera on this man. an extraordinary suntan. the start of the show hard-core pond. where did you get that suntan? >> i was in the caribbean for a few weeks. south of cuba. the cayman islands. it was beautiful down there. stuart: you go to the cayman islands on vacation. >> i do. i was just in florida. there is no connection. how is business? retail is okay. the loan business is struggling. the economy is improving where you got those two stores.

>> we are a speed level of economists. how the street is doing. the streets of detroit are doing better. i think that is across the united states. street economics in detroit looking up a little bit. i think that it is across the united states. stuart: loans are down a little bit. what items are people pawning these days that they did not used to? >> everything that they own. gold is used to be $1800 an ounce. they sold all of their goal. now they are trying to pawn their electronics. the stuff that they have. there is a transition. i have been in the position my whole life.

>> what is the interest rate? >> the lowest interest rate in the united states. 36% a year. stuart: you give me the $100 then if i want to buy that ain't back again -- >> you are not buying it because it is yours. it is a relatively inexpensive long. there is no credit check. no responsibility. it makes no difference to us or the people that pond it. >> you cannot get anything for a like phonics. >> we give you a $100 loan. that is a lot of money to some

people. we love you 100. you can go to the store and buy them for $199. we try to give people an amount that they welcome back for their merchandise. we do not want to buy loads too high. we want to give people a fair amount. >> did i just see you start your night season? >> it has been such a wonderful experience. stuart: there is no way the show is going into the ninth season and does not make a ton of money. >> we have done well. i will bet my money on american jewelry alone. >> yes.

[laughter] stuart: the poor guy in the cayman islands. >> a goodness i can pay my bills. [laughter] stuart: it is great to have you with us. thank you very much. stuart: the top trending article on the "wall street journal"'s website. how to look smarter. we will tell you a quick tactic you can use to look more intelligent. ♪

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stuart: breaking news. a surprise to me. caesar's the casino company filing for bankruptcy. the creditors want to make sure that they get some money they went to them. how to look smarter. the number one story in the "wall street journal" right now. a lot of people do a lot of dumb things to look smarter. cheryl casone is with us.

what do people do to try to look smart and it backfires on them? >> a serious expression. holding your hands and your arms still. not being expressive with your body whatsoever. it makes you look afraid. using big words and complex sentences. >> always being in a rush. what are you trying to hide? stuart: roofers it. >> what you should be doing if you want to look smart.

be responsive and conversations. nodding and gesturing. make sure that you do not over do it. i am italic in. i do this all the time. speaking in an expressive voice. you are expressive. stuart: that is what we try to do. above all, we want clarity. get to the point. >> do not try to dazzle me with five sentences. stuart: okay. i have to leave you. colonel ralph peters never scared to speak his mind. he is next. how he fights terror. italy hires a attack dog. he is on the left. is this the answer to that elizabeth warren brett? the second hour is two minutes

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. stuart: the terrorists have a recruiting magazine, it is called inspire. the latest edition contains instructions for a hard to detect bomb. it tells terrorists where to sit on a plane for maximum impact. separately, a top leader of al qaeda in yemen says that group financed planned and gaffe the go-ahead to the paris attack. two developments one conclusion. terror is winning. it certainly has the upper hand right now. we all have to jump through more hoops at the airport, closer inspection of carry-on luggage today after the bomb making tips from inspire. every one of us have lost a little bit more freedom of movement. and the obama team is still in retreat. what else do you call a refusal to identify the problem? they won't call it islamic terror. i repeat islamic terror.

where is our pushback when will we take the fight to them? truth is we're losing and they're winning. in a moment ralph peters is a military guy he doesn't like to see us cave to barbarians. colonel peters is waiting, i've got to tell you about a sell-off on the stock market. it's in progress down 248. remember, please there was a 1% drop in retail sales in december. right in the middle of the holiday period sales went down. maybe you didn't buy as much as previous years or certainly didn't use the extra money from the gas price cut. look at the big name retailers all are down 2% or more. the price of oil we bounced back, now we're at $45 per barrel. we've been there about four, five trading sessions. is this a bottom?

i don't know but $45 a barrel right now. all kinds of commodities like copper, for example, getting hit with new lows in terms of price, that's fueling a lot of weakness fears about weakness in the global economy and maybe element of deflation, falling prices. always keep a close eye on interest rates for you. look at this, 1.82%. the yield on the ten-year treasury, historically that is a very low interest rate. let's get to that story on terror. more security screening at airports because of the latest threat. lieutenant colonel ralph peters is with us. welcome aboard always good to see you, sir. i know we agree that essentially we're losing this battle at the moment. losing the pr battle i want to turn this around how do we win? how would you take the fight to them? >> yeah, we've certainly lost the initiative, and i've got to say the first thing, this is a

-- a one level. stuart, this is a struggle over not just commitment but over attention span, and we have strategic a.d.d. it's amazing, while our enemies are terrorists they live eat, sleep, love terror, that's their mission in life. and we we're so headline driven, well, we're going to fight terror no matter what it takes. look katy perry is back with john mayer. we can't pay attention for more than ten minutes at a time. stuart: colonel, we are not led. if we had a president prepare to identify islamic terror and we're going to go get it. if we focused our attention, maybe things would be different. he doesn't do that. >> let me shorten your remark, stuart. if we had a president. you're right. it is a leadership issue, but earlier on fox news i heard someone ask, one of my

colleagues was asked why, can't we win? the answer is simple, you can't win if you don't fight. we have never been willing to fight. and we measure out responses in teaspoons, try to calibrate it. we agonize over collateral damage. if you want to defeat the enemy, you got to focus as hard as he does be relentless and be as ruthless. if you're not willing to kill a lot of people, you're not going to stop the terrorists and terror continues to spread, and yes, you're absolutely right we desperately need leadership. i'm still -- three days on i'm still reeling from the fact that president obama didn't show up in paris and refused to send anybody. how can you beat an enemy when you're not willing to show up at a parade? stuart: they refused to say they were wrong. they would not admit they made a mistake by not being there. and it's still unexplained as to why they were not there. eric holder was in paris.

any top level official could have gone, a decision must have been made somewhere in the white house that they were not going to go with a high-level person to that meeting, to that demonstration. that decision had to have been made, why was it made like that? >> contrary to an outright lie by the white house that decision was made by the president. his video golf game could not have been so engrossing to totally miss the events in paris. the president himself didn't want to go. more importantly more interestingly, even he wouldn't send anybody of note, and i look at this more and more and try not to overread things into it but the pattern i see is first of all, the president consistently romanticizes this law. he refuses to learn, incapable psychologically saying i was wrong and if you look at pattern in the middle east.

what strikes me more and more is how soft he is on the muslim brotherhood. hated when egypt fell, wouldn't take note of president assisi's speech. he won't criticize the president of turkey cracking down on press freedoms dismantling the secular constitution he's muslim brotherhood affiliated. soft on hamas, they are muslim brotherhood affiliated. over and over again. people he has in the white house, the council on american affiliations muslim brotherhood. i'm not saying the president only romanticizes barack obama. believing that somehow islam is an oppressed religion and christianity and judaism are pressing religions. i said this before, hate to repeat myself. he has the political maturity of the university of california

undergrad wearing a che guevara t-shirt. stuart: he'll be back colonel ralph peters see you soon. to the markets, please, the subject of gas, we love this price collapse. look at it now, $2.10 a gallon down another penny overnight. it's fallen every day for three months. $3.30 a year ago meaning we're down $1.20 a gallon in a year. we put a lot of money into consumers' pockets. this morning's retail sales numbers suggest you are not spending the extra money. retail sales are down 1%. liz mcdonald. what are people doing with the extra money? >> not paying off debt. it looks like cash hoarding. why do i say that? you are right. this is the bullish story that consumer spending would be helped by lower gas prices the u.s. economy, the gdp would go

up because of more consumer spending for lower gas prices. >> that's when everybody thought. >> the u.s. debt is at record highs according to the federal reserve. people cleaned up their home mortgages, it's still 11.7 trillion dollars what u.s. consumer debt is. near the high of 2.7 trillion. so you know, the people who didn't spend was the lower brackets. not seeing the spend there. and watch this, gallup did a poll millennials would be more likely to spend the savings from gas prices going down. they didn't. they don't have a job. the wage growth is flat. and for the higher brackets, the bonuses didn't come in cash hoarding. stuart: a move that pushed the market down 240 points, the dow at 17,3. tesla taking another hit. you don't buy electric cars when gas is $1.99, do you?

nicole, why specifically is it down today? >> so much that goes on with that. that is the obvious, a lot of people who went to tesla were going because of the high gasoline prices. for the folks who wanted the tesla, they're not cheap vehicles lot of people are buying tesla because they like tesla and the purpose behind it. today, in particular the stock down 6.5% there is concerns of lack of growth in china. china had misrepresentations according to elon musk himself about the difficulty of charging the cars. also the predictions now about when they'll be profitable have been pushed off to 2020. and don't forget they had slower manufacturing, delayed one model. so tesla was a winner. it was 290 bucks in september. but now under pressure. stuart: nicole thank you. show me the big board, i think this is the low of day. we're off 266 points.

exactly 1.5%. i'm going to repeat the news we broke last hour the house voting not to fund president obama's executive orders on immigration. they did it by passing a budget for the homeland security department that did not include funding for amnesty for five million illegals. that sets up a veto showdown. one democrat voted yes by the way, trying to find who that is. now this john podesta on the left, some people call him pejorative, call him a political attack dog. they say that. he's joining hillary clinton's campaign as a senior adviser. he was a chief of staff to president clinton and is currently an adviser to president obama on immigration and climate change. washington examiner commentator -- commentary editor phill kline is looking right at you right now. when hillary hired john

podesta, strikes me she's hiring somebody a tough guy. somebody who's going to get through the and go after the opposition. i think she has hired him to go after elizabeth warren, what say you? >> i'm not so sure that it was elizabeth warren was the thinking here. as you said john podesta goes back to being chief of staff during the first clinton era. i think that what's more important for me is that it's an indication that hillary clinton's presidency would really represent barack obama's third term. that's important to keep in mind as much as she might try to distance herself from obama as the campaign heats up if popularity isn't there i think that ultimately her policies are going to be very similar to his. stuart: i've got this from the "washington post." the post is quoting someone close to elizabeth warren saying some kind of nasty things about the withdrawal of treasury undersecretary.

here's the quote, shows we have the power to bring someone down. elizabeth is a bigger bogeyman in these rooms. every time we attack them, they bleed. this is a former banker forced out of the nomination for undersecretary job at the treasury. sounds to me like elizabeth warren is really going after wall street and is basing her entire political persona on going after wall street and making them bleed. >> absolutely. this is what she started off as, and this is how she got into politics. and clearly, if she runs, it's clear to say she's denied interest in running repeatedly. however, a lot of her progressive friends have really been pushing her to try to run and if she does run, i think it would present a complication to hillary clinton because hillary clinton would feel a

need to somehow mollify her potential supporters. and she's very clumsy when she tries to do that. i think you may recall a few months ago where hillary clinton talked about how businesses don't create any jobs. basically, she was trying to appeal to the elizabeth warren wing and stated something that made her look foolish. stuart: phil appreciate you being with us. >> thanks for having me. stuart: to the big board, down almost 300 points down 283 to be precise. 284. that's the low of the day thus far. less vigorous global economy and retail sales down in december not good for the market. new at noon, a pew survey finds 46% of american children live in a traditional family. is that a bad thing? dr. ablow here, after the break.

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. stuart: look at gamestop the market's down but gamestop is up. remember when we put it on death watch? might have been a mistake. the stock is up on strong holiday sales. look at jpmorgan taking a hit. it was a profit miss at jpmorgan. legal costs running to a billion dollars, that really hurt them. down 4.5%. jpmorgan. look at oil $45 a barrel as we speak. it's actually the price of copper that has investors more worried today. here's larry levin out of chicago. larry, why is the price of copper and its decline so important? i don't get that. >> certainly new information that people certainly weren't thinking about a week ago or two weeks ago, oil was on everybody's minds, the reason is 5 1/2-year lows and really, really hurting the producers of copper so obviously coming into effect. 5 1/2-year lows same thing in oil. so starting to see more and more commodities starting to

worry the market, obviously seeing it in the dow jones industrials and the stock exchange. stuart: it's a slowdown right? >> i think the issue is people predicted there already is a slowdown. this is evidence of that. that worries people with the retail sales, you're not looking at a good day today. stuart: down 280 on the dow. thanks so much. larry. a new study from pew says this. 46% of children in america live in a traditional family meaning that they are raised by mom and dad in their first marriage. come on in dr. keith ablow. i think that number is kind of high. 46% of children live with mom and dad in their first marriage. i think that's -- i thought it would be a lower number than that. how about you? >> i expected a somewhat lower number. but what it does say, stuart, is that few -- it's not the

norm anymore for kids to be growing up with a mom and dad who got married and may have other kids in the household and this is their first marriage. we don't prepare kids for that. that's psychologically important. to date, we haven't said, we haven't come up with a paradigm that reassures them that despite this migrated pattern, despite the fact that they're not likely anymore to grow up with a mom and dad and be able to say that's my biological mother, that's my biological father, those are my siblings. we haven't prepared them to feel still as though they're safe and that they're constant in their lives. and i think we have to do that now. stuart: well, will you they that traditional arrangement is the best way to go? and will you say that maybe we'll turn things around and that traditional form of family structure will start to grow again? >> wow. do you have an hour?

look, a happy marriage between a mom and a dad is the best system absolutely. but we know that human beings seem unable to do this right? so of the 50% who stay married, what percentage are happy not fighting in front of their kids, not wishing that they could get out? the minority. okay? so what we need is to offer something else to people. i think it should be like we could be life partners forever, and reassure our kids that we create in this marriage we're never going to abandon one another and have the paradigm for what that would look like going out 70 years. even if we don't co habitate. i think the trouble comes with living together. contempt sets in. when you live with anybody, a roommate, a sibling, friends at college or your spouse there's the potential for monotony to set in, and you look at the other person and say that's my

jailor. that's trouble, okay? stuart: real trouble. >> and need to come up with architecture that can extend beyond co habtation. people won't do it for a lifetime, they won't. stuart: my jailor. whoa. it's a risk i'll make this fast. university of missouri research they asked people solve word puzzles but the phone rang and said you cannot answer the phone. people reported feeling anxious, feeling unpleasant. heart rate went up, blood pressure went up. what do you make of this, doctor? >> i make of this that technology has essentially become interwoven with our emotional dna, in a way a marketer's dream. what could be better than to know that folks are laced to their personal devices in a way that causes them physiological distress if they don't attend to their devices. i think people should practice cutting loose from these things

an hour a day, anything in order to not be addicted, and when you're not addicted, what you're doing is strengthening yourself. meditation is the opposite of what they're talking about in the study. show that you can be okay on your own. stuart: i knew you liked this subject. we just did it for you, that's what we did. dr. keith ablow. >> it's very interesting that people are less panicked being without their spouses than without their cell phones. stuart: tie them both together. you are brilliant, you really are, ablow. >> i can do that occasionally. stuart: back to the breaking news, the house voting to defund the president's executive order on immigration. two democrats voted in favor of defunding those executive orders, they are brad aswood and senator colin peterson from

minnesota. the president says i'm going to veto it. we'll see. a dog in seattle a dog, riding the bus by himself. we'll tell you the whole story after the break.

. stuart: you know anheuser-busch stole the hearts and eyeballs of millions during the super bowl commercial. now more companies are turning to puppies for success in their own ads. liz, who else is now using puppies in super bowl ads? >> go dade, and wow! what a 180 godaddy is doing, blasted out of the water for controversial super bowl ads. people did not like the ads, invariably showed women in stages of undress. godaddy superstar danica patrick holding a puppy. get this the number one best performing cable, cable telecast, the day of the super bowl, animal planets the puppy bowl 13.5 million viewers

watched the puppy bowl. it's aired at the same time as the super bowl. people watch the super bowl and see which puppy is winning in the puppy bowl. it strikes an emotional cord people love puppies. stuart: people love puppies, put them in the ad. >> and people wake up to that. stuart: this is interesting out of seattle. a black lab named eclipse gets on the bus every day. let me give you the pull story. black lab, eclipse, there he is gets on the bus every day with his owner, goes two stops, gets off with owner to go to the dog park. when the owner doesn't come with him, the dog still gets on the bus, gets off at the right spot and waits for the owner to show up at the dog park. not a bad story. >> igniting a lot of reaction on the internet. wow, people are reacting to the story. a heart-warming story. the dog behaves better than some people on the bus some people are joking the dog is a

freeloader. wait a second the owner should not be letting his dog go out without him, basically off the leash. you know what? dogs chase buses, cats don't chase buses. you never know. it could put the dog in an unsafe position. stuart: an unsafe position? that is ridiculous a beautiful story, a fine dog, i'd be proud to own such a dog. >> are you going to let your dog ride the bus. understanding the bus is smart enough to ride the bus and not chase the bus? stuart: those are real dogs. >> arthur? stuart: arthur bailey and jake. >> did you have anything to do with the naming of the dogs? stuart: i named arthur, and jake but didn't name bailey. >> i was going to say, it doesn't sound like a name you'd do. stuart: i've said it before, and say it again, no hope for the europeans morally, spiritually and economically

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. stuart: not quite the low of the day, but we're down 265 points. where's the price of oil? holding in the mid 40s range $46 a barrel as we speak.

here's the question, is that the low? 44, 45, 46 is that the low? we've been there several days 46 right now. national average for a gallon of regular down to $2.10. this time last year it was $3.30. down $1.20 per gallon. all of that money in your pocket. historic lows or close to historic lows for the yield on the 10-year treasury. 181 right now. december retail sales down 1%. let's bring in economics professor peter morici. peter, that was a surprise retail sales down 1%. does that suggest we're slowing down around the world, global slowdown. what do you say? >> consumers are taking a breath. lower gas prices are not translating into boost in retail sales that we expect. another is prices are falling among imports and americans buy a lot of imported goods at

christmastime. you know the clothes and electronic gadgets are all made in china and coming cheaper because of the strong dollar. essentially cheaper to shop. stuart: yeah but they're not, are they? most holiday seasons you see a gain of 2, 3, 4%, a good year, 5%. this year we're down. i can't explain that. what's going on? >> i think there's a new prudence on the part of consumers, they're buying what they need. if the products are cheaper, pocketing the money as opposed to going out and spending it at the malls. this is one of the reasons we're concerned about lower oil prices. we know they have an impact on north dakota and colorado and ohio and texas. but do they also have an effect on consumers to offset that? we're expecting that but might not get as much of a lift as we think. stuart: it was a surprise to me. i thought lots more money in people's pocket. here comes the holiday season. get through the and spend.

how about this? the great consumerism in america, we like to buy, buy, buy, buy, buy, has that run its course, do you think? . >> i think so. people remember the recession. i grew up as the child of two eldest children from the depression born in 1921 and 22. that experience defined their lives in the 60s and 70s like no other event. even the war. prudence, what they were willing to spend money on and not. it affected their behavior and i think the great recession had a saluttery effect on the millennials. not by making economic conditions less but making them more prudent. stuart: you think you are right. i got to talk to you briefly about the europeans, europe essential she finished they're morally and spiritually bankrupt. any comment on that? >> i think you're absolutely

right. french secularism is not a tolerance but rather an inability to address the problem. the muslim faith is not like any other faith. with the new magazine cover out there on charlie, muslim leaders are outraged again. they should really be outraged about the violence. where are the moderate prosperous professional muslims? where are the clerics? they'll preach in the mosque about violence, why aren't they talking about how wrong this was and how the muslim people themselves have to police their communities, all the intelligence in the world isn't going to find the kind of characters, the way the ordinary folks know they're up to no good and put a stop to it. it's just not present. and people have gotten e-mails for writing that in the washington times this weekend. i've gotten e-mails saying catholicism has committed terrible acts yes, it has, a thousand years ago, 500 years

ago, even in the 20th century, not now. the world has changed. muslim communities have to change with it and it's up to the french government to start talking about that but instead they talk like barack obama. barack obama won't even admit this is done by radical islam. the leaders reflected that. stuart: peter morici thank you for joining us, peter. >> take care. stuart: thank you airports increasing security measures across the country after al qaeda published what experts say appears to be the most detailed and potentially lethal hidden bomb recipe. jeff flock at chicago's o'hare airport. anything going on there because of the new threat? >> reporter: in addition to patrols stepped-up patrols at security at tsa checkpoints, there are random searches of bags you got to repack area over here, if you get your bag

searched, you can go ahead and get it repacked and put back together. we've got a picture of a couple of things. people say what did they find anything going through the lines? take a look at a picture of two items found in the past week that people tried to bring through security. one is a sickle and the other a couple of hand grenades attempted to be brought through security. security does find things but the scary part about this is finding potentially bombs that are hard to detect. stuff made out of stuff that you can find in the kitchen, according to the inspire magazine recipe for making an improvised explosive device that's what's got people worried now. stuart: phoenix gearing up to host this year's super bowl. residents are pulling in a great deal of money renting homes to people visiting for the big game. the founder of the home sharing website, home away tells us

how much they're getting. it's a lot. after this.

. >> reporter: i'm nicole petallides with your fox business brief. selling across wall street the dow down 247 points, 17,365. the s&p 500 down 22 points and

the nasdaq composite down 37 points. the 10-year bond, 1.81%. some of the dow movers pfizer and merck, the best performers of 2015 actually showing much of the same today, up arrows there. jpmorgan goldman and american express under pressure. jpmorgan did report quarterly numbers, down 4.5%. reits new high there. sl green gave it a buy rating of $142. boston properties all up arrows for the group. and gopro bouncing back, under pressure, down 20%. today up 3.5%. apple is making a similar gopro-type product. more news coming up in a bit.

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cut it out. >>see you tomorrow. ♪ ♪ . stuart: breaking news, this is interesting, the fbi is currently raiding the office of med-care diabetic medical supply in boca raton florida. where a man by the name of danny parush works. one of the characters in the wolf of wall street played by jonah hill based on him. reuters says 100 agents, 100 agents, what are they looking for? >> medicare fraud, they sell diabetes and breathing equipment, oxygen equipment. medicare fraud. so danny was jordan bellfort's

man, pleaded guilty to securities fraud and in a company engaging in possibly medicare fraud. doing things allegedly, whistle-blower saying they're calling themselves the christian diabetes network or the christian health care network in selling the equipment. but charging it to medicare when they shouldn't have. stuart: i'm mispronouncing it danny poorish? >> poorish, getting customers to buy based on medicare money. stuart: the raid is continuing on as we speak. >> yes. stuart: tesla alibaba, chipotle, news on all of them, should you buy the stock? let's bring in shah galani. start with tesla, sales are down, and not going to make a profit for five years. the stock is 190 right now. would you buy it? >> you just made the case stuart, not only for not buying it but shorting it. there's no reason to buy. the stock doesn't pay a

dividend. not paid to hold the storied stock, and the story has no ending. if anything, we want to have some positions where the mathematical possibilities of ending are on the horizon. with elon musk making the comments he made, there is no reason for institutions and speculators to be holding this. and we're seeing reaction in the stock today justifiable. stuart: how about alibaba? the amazon of china. news it's trying make a deal with indian company putting in 600 million dollars. alibaba winning ipo of 68. would you buy it now? >> no, i wouldn't. i love the company, longer term, not the time to be buying stocks. i think the market is disrupted in here. this is a transitional period. i think i mentioned this before on your show. i'm quite negative and the disruptions we're seeing globally in the marketplaces are yet to play out fully. why would i buy alibaba here? i think it could go down and

see lows of 82. only down 18% from high. why would a stock with that much potential be down that much? there's something going on internally. need to give it time. i love the company but it's going to take a while before i buy it and probably a lot lower. stuart: you don't like anything chipotle broke above $700 a share, stopped selling a particular pork product in a third of restaurants because of sustainability of the farming method. would you buy chipotle or another one you wouldn't touch with a 10 foot pole? >> i think it's a fantastic concept. between casual dining and fast food. the food is wonderful, i eat there a lot. i love it. i'll give it a tremendous kudos. the stock is way overpriced. this is a speculative story stock. trading at 55 times price earnings. it doesn't pay a dividend why am i -- if i'm not compensated to hold a speculative stock, why would i buy it in this

environment? i don't think there's a reason to buy it. if you get to multiple where it should be the stock would drop 300 to 400 points. >> okay play the organ music. shah gilani, you are the grim reaper of the stock market today. >> it's okay. stuart: shah gilani everybody. tune out organ. super bowl sunday what is it about three weeks away? if you're looking for a place to stay cheering team on. if you go to phoenix, you're going to need help from my next guest. brian sharper is ceo and founder of homeaway. brian, what you do is you fix up people who are going to the game with accommodation in people's houses. you're the middle guy here, is that correct? >> yeah, we're the largest vacation rental business in the world. we have a million properties all over the globe. phoenix is a big market for us. just for vacationers typically, and with the super bowl in town, obviously getting quite a

bit of business for the homes that are rented in that area. stuart: i didn't mean to narrow you down, you are the largest company of its kind in the world. i'm sorry, i didn't mean to restrict you there. >> okay. stuart: am i right in saying only one in ten hotels in phoenix right now have any vacancy at all, and if you do get in, you're paying twice the price. double the normal rate. i think that's accurate? >> well some of the research we've done, about 90% of the hotel rooms are sold out. all the hotels in the high end, 3, 4, 5 star and most are selling for probably four times the retail rate. but you know if you look at our business, we have 3,000 homes in phoenix, and looks like about 90% of those are sold out. only about 300 left, and they also, at this point in time for the game sell through. stuart: you have 2,000 homes for your company in phoenix? i'm short of time, as we get

closer to game day does the price of the rentals on offer by you go up? >> well, we don't set the prices, the owners do, typically they do, because we're still in a period where we don't know yet who's going to be in the game. if the patriots win, folks from boston want to fly in and people with corporations there and with only 300 houses and not a lot of hotel rooms, they'll pay top dollar. stuart: you have a great business side. again, i did not mean to restrict you to the super bowl. largest of the world in home rental. brian sharpel, good english name. >> thanks. >> president obama set to lay out new regulations for methane emissions, do the executive orders ever end? ♪ is it the insightful strategies and analytical capabilities that make edward jones one of the biggest financial services firms in the country? or is it 13,000 financial advisors

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oil and gas industry says could this hurt production and methane emissions have been falling thanks to industry efforts and technology and the administration is singling it out. stu? stuart: got to fight the climate change, peter, thank you very much. back to the breaking news earlier the fbi is raiding the office of med-care diabetics in boca florida. one of the executives of med-care, the basis for one of the characters in "wolf of wall street" the one played by jonah hill. reuters reporting 100 agents at that location. local police irs homeland security are all there. liz mcdonald told us they are investigating medicare fraud. >> danny porush gave money to democratic u.s. congressman patrick murphy also to president obama's re-election campaign, but the president's re-election campaign did return

the 20,000. he's also given money to u.s. democratic congressman lanny frankel. stuart: did you say he was convicted of fraud? >> securities fraud and money laundering from the stratford oakmont scam. stuart: that's the "wolf of wall street." >> that's all of it, exactly it. stuart: ongoing story, that's for sure. what have we got now? more of moi, in a moment.

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jill. my daughter. she won last night on the travel channel. isn't she fantastic. >> yes. stuart: you can say anything with a british accent. stuart: check the big ward. we are down. we are keeping an eye on this breaking story. med care rated by that as they and other agencies. keep it right here. we will follow this story for you all the way to the bitter end. my time is up. deirdre: stuart, think you very

much. we go showdown happening between apple and ericsson. one, two punch hurting tesla. the latest strategy from elon musk. the leas profitability and disappointing sales in china. gary, i will start with you. this 2020 profitability forecast, was this so much farther out than everyone thought? >> tesla has always been late on meeting the target. i think, in that regard, no. you know that they rarely