the dow down over 250 point here as we head into the close. the closing bell sounding on wall street. [closing bell rings] david: down 250 point on the dow. looked like recovering at midday about noon. kept going down and down closing lower in the close. the s&p is down, almost all of them are down well over 1%. melissa: right. david: down 3% right now. even gold taking it on the chin. usually when you have market like this, people flock into some kind of substitute. not today. everything is down. melissa: price of oil below 42 buck as big driver. lori rothman on floor of new york stock exchange. tell me about the selloff. reporter: we're flush with supply we learned. oil down seven of last eight sessions. call it fed dread. we had a handful of fed officials marching out, saying this and that. generally leaning towards what

looks like a december liftoff. some say there is nothing changed since october. maybe the jobs report. we've been expecting largely that will be a rate hike he have president end of the year. got that as well. as far as individual stocks in the news, go pro-was a huge loser. shares dropping below ipo price. 23.10. shares in the heyday hit $98 a share. weak outlook for the holidays. this is problem with a one-hit wonder. ashley webster should strap a camera on its stock and watch it fall off a cliff. that is what is going on. looks like the dow closing at lowest level of the session. 254. this is really important. ben willis says don't ignore the volume. it es low. there is not a lot of conviction this selloff. the bottom line fundamentals are there. having to do with usual suspects. back to you.

melissa: one of the big things people talking about is selloff in crude oil and what is driving it. that is the concern. it is being driven lower by weak demand and global slowdown that is what makes it a harbinger of things to come, right? >> absolutely. again no surprise there. we've been following a china slowdown. european equity market selloff. moves in the dollar and gold. the dollar could hit key psychological level. how it reacts to that. all those things, we're trying to gleam messages from the asset classes and what their value is. what it says about the overall global economy. melissa: absolutely. lori, thank you so much. i want to bring in "barron's" senior editor jack who is with me now. what do you make about the selloff? is about the fed or crude oil? is it consolidation? >> i think it is about the fed but i think it is wrong-headed. investors looking at possibility that as we raise rates bonn

yields move higher and provide better competition for stocks. not necessarily, right? if you look last time we had big run-up in fed fund rate, three years before may 2007, when the fed was trying to cool the housing market, you had a rise in fed fund rates. look what happened to the 10-year treasury, it barely budged. bond yields barely moved. because you have action on shortened of the church, we're going from sear are to anything but zero. just because you have movement on shortened doesn't mean you get any action in bond. that depends on economy. growth is lackluster. i don't see a run upin bond yields anytime soon. stocks will look like the most attractive asset class even if they're not that attractive relative to their own history. melissa: maybe a response to oil. downdraft of oil down below 42 bucks a barrel. down better than 3% on the day. folks looking at that, maybe about oversupply in the u.s.

maybe all the supply we got from fracking. >> yeah. melissa: at the same time, china is slowing down, probably by more than numbers are telling us. is there a global slowdown? that is why we have the glut? go ahead. >> with oil we see profound effect on corporate sector. energy sector has fallen off a cliff that brought down earnings for s&p 500. that makes s&p 500 a little more expensive. we haven't seen other side, consumers having more money in their pockets from lower gas prices. spending more at register. we seen the bad stuff. we haven't yet seen the good stuff. that is hurting stocks prices. melissa: thank you very much. david. david: don't forget the value of the dollar. that is going way up. that might be affecting the price of oil. republican candidates take a key step step descending on on new hampshire. we have kind after ritual every

four years but kind after fun one. reporter: david, no question about it. focus on first-in-the-nation pry parry state and new hampshire and verbal jabs between candidates over issue of immigration. texas senator ted cruz filed to appear on the new hampshire ballot earlier today. cruz ripped on much of the field as supporters of amnesty for illegal immigrants. >> a majority of the candidates standing on the republican debate stage had previously publicly supported amnesty. i am the only candidate standing on that debate stage who has never supported amnesty. reporter: one candidate who was not on the prime time debate stage the other night also filed his paperwork in the granite state. former senator rick santorum took this swipe at cruz. >> guy who was just in here, makes big passionate speeches about, how tough he will be on illegal immigration. yet in the gang of seven, the "gang of eight" bill he offered his ammendment allowed people to

stay here in this country indefinitely. reporter: today florida senator marco rubio said some illegals will need to be deported and government will have to deal realistically with 12 or 13 million illegal folks in this country. the american people are watching to make sure the law is being enforced. >> you have to prove to people illegal immigration sunday control. you have to show them you're actually enforcing the law. you have to prove to them it is working. you have to modernize the legal immigration to make it merit based and not family based anymore. reporter: next stop for the republican candidates is florida, for a two-day event called sunshine summit. david: we could use some of that in northeast. mike, thank you. melissa: rand paul duked it out over marco rubio over the florida senator's child tax credit. now donald trump is entering into the fray. blake burman with more details. blake? reporter: debate over taxes continues well after our presidential debate on tuesday night. donald trump appeared earlier

today on "mornings with maria" and maria bartiromo asked about marco rubio's tax plan. and the senator's proposed top individual rate of 35%. trump has stepped up his attacks on rubio during recent weeks a lightweight and overrated. trump said he got to know rubio the other night better than before and called him a good, nice guy. but the billionaire businessman also asked rubio's financial acumen. >> marco is not big in the world of budgets and world of taxation and world of finance, okay? he doesn't know anything about that. nor should he. but that is not his thing. reporter: rubio defended his plan this morning when he spoke with fox's bill hemmer, including proposal of a new child tax credit of up to $2500 per kid. >> our tax code needs to be pro-family. all i want is for people to keep more of their own money to raise their children. reporter: rand paul went after

rubio plan calling it a new welfare program. rubio defended the credit, saying the most institution isn't the government, rather than the family. back to you in new york. melissa: blake, thank you so much for that. we have earnings alert for you right now. cisco reporting first quarter results. lori rothman on the floor to run us through that. lori? >> hi, there, melissa and david. cisco, 56 cents s estimate. that's a beat. revenue a slight beat as well. 12.68 billion. versus 12.65 billion. this is the first fiscal quarter for cisco. predict in the second quarter, revenue growth of zero to 2%. last check on extended session, in terms of reaction looked like it was flat. so i am wondering if this is reintroduction much revenue -- thank you, liz. our crack producer helping me out here. guidance is lower than expected order growth, in the first quarter, that is driven largely by uncertainty over the macro environment and currency impact. melissa. just what we were talking about a few minutes ago.

melissa: exactly. all ties together. lori rothman, thank you so much. >> you got it. melissa: fbi is widing a probe into hillary clinton emails. agents are exploring whether statements made by clinton in her email actually violate a federal statute. fox news's catherine herridge has details on the developing story. reporter: thanks, melissa. intelligence sources tell fox news that fbi agents are exploring whether there are violations of federal false statements statute, 18 usc 1001. staple statute convicted martha stewart of her insider trading case. it pertains to materially false statements given either in writing orally or through a third party. it is not required the statements are given under oath. >> martha stewart was having a conversation with a fbi agent and her lawyer in the fbi agent's office. she was not sworn to tell the truth. she was asked about certain

activities and she lied about them. as a result of those lies, she was prosecuted and convicted under this very statute. reporter: legal experts say section 1001 could apply if clinton aides or tern were not forthcoming with fbi agents about her use of personal email for government business or destruction of documents. it is not publicly known who the fbi may have interviewed. separately two u.s. government officials say the fbi is doing its own independent classification review of the clinton emails, effectively cutting out what is becoming a grinding political process at state department. the bureau is boeing directly to the agents who got the intelligence in the first place and under regulations have final say on classification. >> during the investigation you want to make sure that all the boxes are checked and all the sources that you used in carrying out that investigation. reporter: fbi district tore james comey avoids commenting on any ongoing investigation but

recently confirmed he is getting regular updates and that the bureau's agents are independent and not influenced by politics. as for comment, no immediate response from the clinton campaign, melissa. melissa: catherine herridge. thank you so much. terrific reporting. david. david: back to politics. donald trump on maria's show this morning answering charges from a "wall street journal" editorial that says he is most protectionist presidential candidate since herbert hoover. here is donald. >> they're wrong. i'm not protectionist. i'm a free trader but we need short people to make the deals. david: chris wallace, host of "fox news sunday" joining me with his take on the donned ace views. chris, he is a protection it or not? >> he says he is for free trade and hasn't met a trade deal in long time he likes. he undo nafta. he would defeat the tpp. so, he may be for free trade you about he doesn't like trade

deals. david: here is the irony with donald trump. he is a globalist by trade. look at his operations. he has practically as many operations abroad as he does here. he knows the importance of free trade as a businessman. and yet, i'm surprised it doesn't translate better into his policy prescriptions? >> well he says, you're exactly right, david, that he likes the idea of free trade and he, i had an interview with him recently where he talked about buying thousands of televisions, samsung television from asia because he couldn't get any tvs made in this country and so he, fully understands that. but, you know, i think politically-speaking, and particularly with the group much, segment of voters he is appealing to, the idea of raising up tariffs, and, or ad least not cutting them at this point and seeming to be protecting the american worker is politically very advantageous for him. david: a lot of people,

including the late editor of "the wall street journal," bob barley, saying that the great depression was caused by trade barriers because of the smoot-hawley provision, a protectionist law put in place by republicans. only person that was real free trader every night who had to remind everybody the new asian treaty did not include china after they suggested it did. if it is likely a republican that is elected not rand paul we will get higher tariffs and maybe some trade wars? >> i tend to doubt it. i think it depends who it is. certainly if you get establishment candidates, whether it's somebody like marco rubio or jeb bush, they will go with what is a widespread consensus and certainly very widely supported in the business, the establishment community, in the republican party, and, they would support free trade and reduction in tariffs. guess what, there are 18,000

tariffs reduced in the tpp. and there is some of the outsiders who conceivably would be more protection it. protectionist. that would be a hard push whoever the candidate is. and really hard case if they're going to be the protectionist versus hillary clinton in general election campaign. david: we're still in the hyperbole stage of the campaign itself. chris wallace, great to see you. thank you very much. from "fox news sunday." we'll see you on sunday. melissa: reputed mob boss vinnie a sar yo on charges he was involved in the "goodfellas" heist. that was 1970 lufthansa plain robbery, worth $6 million cash and jewels. the crime was immortalized in the martin scorsese movie, "goodfellas." david: with all the evidence

they had. incredible. the fight to take back a see city from isis, u.s. military supporting kurdish forces in a huge battle taking place right now in iraq. melissa: and free college tuition and no student debt. sounds good, right? these are demands students are making from coast to coast today. get your shine. david: carly fiorina, responding to a joke made at hillary clinton's expense. find out who she is really mad at. >> if i see here on tv i want to reach through and strangle her. [laughter] i know that didn't sound very nice but. >> i wouldn't mess with you. [laughter] boss equals the boss wins. wow!

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david: sources telling fox news that investigation of deadly crash in egypt uncovered intelligence about two hour timer? reporting that working theory that bomb was planted at or near the plane's fuel line, with the fuel burning off evidence of explosives. stay tuned? melissa: operation free sinjar is underway in iraq. thousands of kurdish troops backed by u.s., battling to recapture key city from isis. the terror group held northern iraqi town for more than a year now. the slaughter there that prompted u.s. to begin a campaign against terror group in the first place. joining me, chris harmer. institute of study of war. significance of sinjar, links two of major cities isis strongholds. mosul and iraq and rack can in syria.

how big of an opportunity is this in your mind? >> this is huge opportunity for the kurds to engage offensive in isis. put isis part of defense. part of isis the reputation is bigger than reality. everybody thinks of isis uncontrollable raging machine that can beat anybody it goes up defense. reality small enough, weak enough, dispersed enough, if we correlate forces at appropriate time, engage in a combined fight against them, they can be defeated anywhere around the periphery. at the same time, this is good kurds are taking initiative. appears if sinjar will fall back to the kurds. so isis will lose it. not really consequential. you look at core of isis territory, they need to hold on to their territorial core holdings. as long as they have that, it will be difficult for us to displace them from eastern syria and western iraq. melissa: is this the perfect opportunity to for u.s. to get involved and give assistance to the group fighting against isis? >> yes, we have validate it.

if we keep going with strategy that somebody else is doing heavy lifting for us we better support other people. adequate airstrikes and intelligence. right now the peshmerga, the kurds seem most capable to taking fight to isis. if we empower them to work on our behalf, we better support with intelligence and heavy weapons and sporting with tactical airstrikes. right now in sinjar it appears we're doing those things adequately. melissa: chris, thank you very much for that. we appreciate your insight. >> thank you. david: coming up cities battling to keep their team from going hollywood. desperately to keep nfl teams homebound. that's coming up. walmart making a change to black friday shopping. why you drop the turkey and get that early. melissa: don't drop the turkey! we live in a pick and choose world.

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city, an one team has to move. cities fighting to keep their favorite football team at home. fox news's william la jeunesse is in l.a. with the details. william, break it down for us. reporter: melissa, the three parties at table, cities want to leave with their team and. owners of san diego, oakland and st. louis have told the league, listen, we're done. we tried working with our cities to get a new stadium and they dragged their feet. negotiations failed. we're moving to l.a. but yesterday, the cities told the league their side of the story. what they're doing to build new stadiums. >> been part of the nfl family for 50 years. san diego is a great nfl city. we have the same opportunity to do that again for a new stadium in mission valley. reporter: so this is what san diego's new stadium would look like, replacing 40-year-old qualcomm stadium. ultimately what we have here is

a game of musical chairs. three teams want to leave. likely only one, maybe two will get to go to l.a. the raiders and chargers are proposing to build a new stadium they will share and play on alternate sunday. of the one nfl owner already supports the alternative. other owners support moving rams from st. louis back to l.a. the owner of the rams has already got the land and permits to build this new stadium in englewood and doesn't need any public money. so the winner, melissa, needs 24 of the 32 team owners to approve relocation to l.a. we thought we would get a decision in january. it might be march. but they could move a team to l.a. next year, play at rose bowl or coliseum until the new stadium is built. bottom line we know l.a. will get something but we don't know who is going to lose yet. melissa: the saga continues. william, thank you so much. david? david: i would love to see l.a. with nfl team. no laughing matter. carly fiorina calling out a

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melissa: carly fiorina putting media on notice. the presidential contender slamming what we called the clear double-standard. here's what she told bill o'reilly about the coverage of the man who said he wants to strangle her during a hillary clinton campaign event. >> i don't even take umbrage with mrs. clinton. i take umbrage with a clear double-standard that exists in the media. if this had happened with conservative candidate the liberal media would be all over us to correct him and apologize and rest of it. melissa: true. this is like the team theme of this year's campaign. we have howard kurtz, host of the "mediabuzz." media is easy target right now. i was talking to senator scott brown today, this actually happens at almost every event you go to. really common, you come start talking to the crowd, say for example, i made president obama, and you know he is muslim. they would just say anything. he said he was very used to always instantly crushing them

saying i wouldn't say that. that is not accurate but i hear your disappointment or ainge other or whatever. she should have been prepared for this, hillary clinton and could have handle it much better and happens all the time. what do you think? >> you remember the media uproar for donald trump not correcting that guy in new hampshire calling president obama a muslim and worse. carly fiorina has definite point especially for conservative women. in this case hillary clinton taken a clear stance we're not in favor of strangulation of our political opponents. this was not meant literally. this was former hewlett-packard worker at least how he identified himself. that carly presided over tens of thousands of layoffs when she was ceo. hillary laughed. i would say somebody in relatively lighthearted way, i feel like strangling hillary clinton, i betcha that would be story in front page in places.

>> really? what coverage is being talked about in media. >> amusing side note, no particular outrage. nobody who watched it thought he wanted to strangle carly fiorina. the better standard the liberal ladies of "view" started making fun of carly and her demented face. that was really insulting. they said they were later just said we're comedians. carly went on show, if that were hillary, they would have never said it about hillary clinton and there wasn't a lot of media coverage or very little. melissa: i saw the show. they were hostile to her. they didn't even pretend to apologize. her question was, we hear you're upset by something that you said and are you going to get a i can thisser skin about jokes if you're going to run for president. they almost brought her back to beat her again. she did a good job and got all the press. so that is good thing. >> she handled herself. not about us being mean.

it is about you for taking offense what we said. melissa: howard, thank you so much. david? david: donald trump made a stab connecting with legal immigrants at our debate on tuesday. take a listen. >> we have millions of people right now online trying to come into this country. very, very unfair to the people that want to come into our country legally. they have gone through the process. they're online. they're waiting. very, very unfair to them. david: but is this over ture to immigrant washed out by his plan to round up and ship 11 million illegal immigrants back home? here to weigh in, guy benson, townhall.com political editor and steve camerota, center for immigration studies, director of research. chris hahn, former chuck schumer aide. good to see you. i have an immigrant wife. when we were watching together, when donald trump said that, she applauded. i suspect a lot of other legal immigrant had to jump through the hoops, believe me ins gives

you a lot of hoops to jump through, but those that did it legally cheered on trump, do you agree? >> clearly. i know a uncle was a legal immigrant and there is a lot of work. the trump said, making that point grossly unfair to reward people here illegally while there are so many people who went through the hullabaloo and hoop law and low gist cal nightmare getting here legally. that is gross injustice. unfair. a fair point for him to make. melissa: on other hand -- david: on other hand his prescription for illegal immigrants is not possible. how do you it logistically, round up 11 million people to ship them back to their home country. >> what he gets right, is it fair to give amnesty to illegal immigrants. is it fair to lehman immigrants to do something like that. we don't have to. he has a whole plan outlined on

his website which basically says, look, we start by enforcing the law. sure we have to deport some people. the fact if we cut illegal immigrants off from jobs, don't get welfare, get cooperation of local law enforcement. the idea to make a lot more folks go home on their own than new folks come in. the problem would solve itself over time. that is what he says in his plan. but he focused more on deportation parts of it. but the fact -- david: logistic its, he hasn't been specific on because frankly there are a lot of problems unsolvable. chris i have to ask you about president obama and what hillary might do in his footsteps if you will. he had two years of a democratic congress, and democratic senate. >> right. david: to make changes in immigration. he failed to do so. what will hillary do with the immigration deal? >> oh, i think hillary will work to pass comprehensive immigration reform much like the bill -- david: speaking jargon. specifically what, will she

grant amnesty to 11 million or try to ship them home? >> well i don't think she will dot full reagan and grant amnesty but i do think there should be a pathway towards citizenship. there should be a fine paid towards, for the people who have been here illegally, if they want to pursue legal citizenship in this country. david: what do you say, if she does that, chris, what does she say to the legal immigrant who -- many are far more qualified to have a green card or be citizens who can't do it right now? >> that's why we have comprehensive immigration reform to fix the system that will allow them to come in here properly. there is market in this country for immigrant. we have to fix it to make sure we are in line with the market forces that are driving people to the united states of america. and thank god they still want to come here, david. david: of course they do. we're the best country in the world. why wouldn't they? people still are dying, let's not forget to get into the u.s. that says a lot about our country. gentlemen, thank you very much. good to see you all. melissa.

melissa: angry college students protesting today, furious about rising tuition and debt. you won't believe all the things they're demanding for free? you don't want to miss this. is your tv spying on you. not us. your tv. we're not making this up. what you need to know to make your personal information safe. that is coming up.

david: salary of a million dollars a year. gerri willis is outside hunter college here in new york city at the scene of a student protest. i hear it's a getting a little loud out there, gerri? reporter: it is, david. you have to check this out. they're chanting over here.

and, what we're doing is we're waiting for students from 24 different campuses of a city of new york university to converge right here and they're already getting started with a protest. here's the button we were handed as we came in. what they're demanding is tuition, not just a freeze, but getting rid of tuition all together. they want free college. they believe it's a right. they want all current college debt, they want it to be abolished. take a look at some of the signs we're seeing here. we're seeing all kinds of signs about everything from abolish tuition, to other kinds of ideas about war criminals. no schools, not for war. they want the bored members, they want them no longer to run the university. lots of demands here. lots of anger. we've been talking to them, a lot about cuny, which is a special institution here in new york. that really serves working class students. it was originally free. but now, tuition annually is

just $6,000. irony here, this is one of the least expensive schools in the nation and, as you can see, lots of demands. continuing to follow these folks and we continue to watch protests. now, i think it is interesting, we saw some protesters to the protesters. we heard from them earlier. who were contesting some of the signs they saw here. we've been listening, for some time now. about, what these folks want, what they're demanding. free school. they believe that education is a right. that everybody should have school for free. but think about it, that would cost 70 to $80 billion a year on top of the $1.25 trillion in student loan debt that they're already is. so, ultimately, this would be a very expensive for a nation already has $18 trillion worth of federal debt.

i don't know if you can understand everything they're saying but, it has been fascinating to listen to the rhetoric here. melissa. gerri, thank you very much. melissa: do protester have a point? how about the protesters to the protesters about the protesting? college tuition in public schools, four-year universities has gone up almost 3 1/2 times what it was 30 years ago, way outpacing inflation. leaving many with crippling debt. heritage foundation steve moore. jack hough, senior editor at "barron's." let's delve into the ironies in this story. they are demanding free tuition. tuition has gone through the roof. at same time one of the drivers for tuition is going up because there are some government subsidies. look at federal reserve bank of new york. they did a study, for every dollar available to students in subsidized college aid, college tuition went up 65-cent of the

price of college went up to match the level of support in freeness that students were getting from the government. steve, what do you think of that? >> well, just watching those protests. it is sort of a sad wages. we raised a -- sad situation. we raise ad generation of kids who believe in grievances entitled for everything to given to them for free. what a terrible attitude. you're right, melissa. i've done the same analysis. every time we raise federal subsidies to universities, universities turn around to raise the tuition. becomes like a dog chasing its tail. why not get to programs requiring kids to work for education? these are 20, 21, 22-year-olds, rather than protesting they should get a job. >> melissa, you want to raise the price of something, you do two things. you artificially puff up buying power so everyone is richer. >> yep. >> then you constrain supply. you don't allow new entrants into the market. with college, especially elite

colleges we have cartel system, right? only, job of college itself to certify how well its own students have learned and confer degrees. when you have that system, no one else can enter the field of course you will get sky-high prices. these student are saying education should be free. guess what? education is just about free. we're talking about a college degree which is very different thing from an education. i want a little more say in how those degrees are conferred and how we judge how good of a job colleges have done teaching. melissa: i have to object to the word free. it is not free. not like the university will do it for free. they're saying i want it, you i don't want to pay for it. i want you taxpayer at home to pay for this and take over the debt. the word free is total misnomer in this situation. and steve, i mean, looking at this scene right here, hunter college, this is an amazing, beautiful school that's really cheap. that's the irony of it. this school is 6,000 bucks a

year. it's not like so many other schools and tuition everybody else is paying elsewhere around the country. these students are totally dissatisfied. steve moore, can't take it. put me out of my misery. >> i wish i could. i will say this, if you're financially hard-pressed and need a very high quality education you don't need to spend, 20, 30, sometimes $40,000 a year. go online to get the courses 1/100 what they cost to go to them. online education should drive down costs universities. i think, melissa, there is good news here. there is big bubble in college tuition costs. those will fall dramatically because of the competition of online. just ike -- like uber. >> i could not agree more. this bubble will burst. rules of calculus have not changed. it should not cost you $3,000 to teach you calculus. someone will innovate and

college costs will go dramatically lower. melissa: we have to go. >> best line in the debate when marco rubio said, we have way too many philosophers and not enough welders in this country and welders make more money than philosophers. i don't think they teach welding on college campuses. melissa: twice, thank you very much. david: elizabeth warren was teaching at harvard, 300,000 for one week. your smart tv could be spying on you. a new report saying that electronics maker vizio could be spying on 10 million smart tv owners, tracking what they watch and selling to advertisers. deirdre bolton joining us. this is scary stuff, deirdre. >> in fact, david, as usual, let the buyer beware. with these customers, these 10 million you highlighted from vizio, you have to opt out. so you have to know where to find that fine print. tough turn it off. if not, david, here is the information they're looking for. i will read you the list. gender, age, income and interests.

so they are tracking what you want and then based off of what you watch, they're making a guess as to all those categories. then selling it to data brokers, who then basically can reach out to you through other ways like tablet, your mobile phone. this is a little bit stronger, a little bit more aggressive than what some other smart tv companies are doing, for example. samsung, lg electronics. they have smart tvs as well. they collect some data. but they're not selling it. they're clearer up front. do you want to participate? so it is pretty clear if you don't, you say no right off the bat and you're in the clear. vizio is -- david: if you want to know how not to participate. keep your private data private, listen to deirdre bolton. she will being on the top of the hour. "risk & reward." deirdre, thank you. daily fantasy sports sites are striking back against the new york attorney general, but the ag, he ain't messing around. here is another look at protests in new york city.

they're happening all over the country. these students are demanding free tuition. melissa: it is not free. they want to you pay for it!. david: free for everything. you can't breathed. through your nose. suddenly, you're a mouthbreather. a mouthbreather! how can anyone sleep like that?

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melissa: walmart kicking door busters to the curb on black friday. instead, walmart will offer nearly all of its deals at once, rather than stretching out the event over a few days. david: wow. melissa: going to be crazy. david: and we have breaking news on the fanduel, draftkings fight for survival. new york attorney general eric snyder says there is no exemption for daily online sports gambling. meaning he will not compromise on his fight to shut them down. fan -- draftkings and fanduel

saying people should still use the sights even though the state ordered them to stop. who wins. we have our own liz macdonald. business and sports attorney seth and first name only. liz, what is the latest? reporter: eric schneiderman says this is massive million at this billion dollar scheme to fleece sports fans nationwide. what happens to payment processers, citigroup, discovery, visa, mastercard and paypal? what happens if eric schneiderman wins this fight, what are they going to do? david: right. reporter: they certainly don't want their brand names roped up into quote a criminal enterprise. this is tough one earnings absolutely. mike, pretty gutsy of the sites, keep the money coming. we're going ahead. we don't care what the ag is doing.

that is a gutsy move, is it not. >> it is, david, you're absolutely right. i see this as a shakedown by the attorney general. david: yee. >> why are daily fantasy games more a fame of chance and gambling than season long? very, very large percentage of winnings only go to 1% of those that play. this is if anything more of a game of skill than are season-long sites. this ag gets a lot of campaign contributions from casinos. david: right. >> so he is started looking at this. david: may be some of that in there. seth, there is no question that attorney generals, they call them, they call them governors, assuming the governorcy. they want to be gives. that is what attorney generals do. is this all political on his part. >> i don't think so. david: hold on. go ahead, seth. >> sure. i don't think this is purely political. obviously every attorney general has some possible political aspirations but look, this is a real case.

this is a threat of a cease and desist with a short fuse. and schneiderman has an argument here. it will be a close call but new york law says that if chance is a material factor in how this happens, that these guys lose. so therefore, next week will be a huge turning point for this entire industry. tuesday is the deadline. if they can not negotiate this or come some kind of turning point will be locked into litigation with injudges. david: mike, verily, do these sites survive? >> yes. i think yes, if it is not in new york state they will survive outside of new york state. very popular. david: that has to be last word. thanks, everybody. we'll be right back. (vo) me? i don't just wait for a moment. i watch for the perfect moment. the one nobody else sees. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting

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getting a lot of emails. public school isn't free. we pay taxes. we're becoming greece. a bunch entitled morons, the list goes on. our viewers are interested this story. >> really true. that drives me crazy. it is not free. saying i don't want to pay for it. i want you to pay for it. david: we all pay for it. "risk & reward" starts now. deirdre: of any other country in the world the u.s. government is asking facebook for the most data. welcome to "risk & reward." i'm deirdre bolton. your privacy is front and center. the government is requesting your subscriber information, i.p. addresses, contents, including online posts. former senator evan bayh with me now. served on the intelligence committee in addition to serving his state. senator, glad to have you here. >> great to be with you. deirdre: facebook is or rather the u.s. is the number one country in the world by far asking facebook to share data. now a lot