a heartfelt thank you to all of our veterans on this day. "varney & company" is next and stuart it at the ready. stuart: thank you very much, maria. all right, so what's new? the morning after the president's big speech, are we gearing up to take the fight to the terrorists? are we going to get them? no, we're not. good morning, everyone. gun control fiancee visa reform and don't be nasty to muslims. that's what he delivered in the address. he did not call it islamic terror and despite the christmas decorations at the massacre site, he called it a holiday party. he did not outline a big new strategy. donald trump, he says, we need a new president fast. now, for the markets, and watch out, everybody. the price of oil has plunged well below $40 a barrel. and that is hurting stocks. police, a former treasury secretary says if interest rates go up now, we'll have a recession. that's not helping stocks either. you get the feeling the news is busting out all over? it is.

"varney & company" is about to begin. ♪ first off, the latest on the san bernardino shooters, the fbi looking now into exactly how much the mother of the gunman, syed farook knew about last week's deadly christmas party attack. she allegedly lived in the same home with the couple in redlands, california where they built pipe bombs and stored rounds of ammunition, how could she ignore that. syed's father told an italian newspaper that his son expressed support for isis and he had a conservative look at islam and expressed once support for isis leader alba-- al-beghani.

and there were attacks with a knife, one called it a machete, and one person had his neck slashed, passersby heard him shouting, this is for syria. back to the president's speech and let's bring in michelle malkin, author of "sold out." from the get-go, did you see anything that was brand new last night in the speech from president obama? >> nothing, nothing, stuart. what i saw was too little too late too laggard, and too lackadaisical. very typical after all of the reactions that we've seen from this white house, not just with regards to this latest jihad attack, but with regard to the many jihad attacks that have occurred under the obama administration. i was brought back to five years ago when this president was in hawaii and had to be dragged, kicking and screaming, from his vacation to react to the underwear bombing arrest. do you remember that?

and of course, none of the proposals that he is now put forth about visa waiver reform or taking a look at k-1 visas or reassessing how the no-fly list was working, none of those things came up five years ago, let alone eight or seven years ago when this president first came into office and should have done these things. stuart: you're one of the harshest critics of president obama, that's who you are. can you be objective and look at the democrats and the left after last night's speech? what do you think they're going to be saying. are they going to adopt that speech as their policy on terror, their policy on security? >> well, you know, i think there's a combination of apathy and there's also this unfortunately, extreme political correctness when it comes to fighting jihad. as you mentioned, stuart, these people are so stuck on things like gun control that they

can't see that if it wasn't guns, it would have been all of those pipe bombs, this comes on the heels -- this gun control, lecture and diatribe comes on the heels of the attack in london, which was used with a machete or knives. it doesn't matter what the weapon is, it's about the ideology and the fact that this man has gone around the planet and attacked republicans and his political opponents who are willing to call the enemy what it is, and treats us as if we're the true terrorist threat, that really tells you where this administration's twisted priorities are. they have an attorney general who's going to now prosecute the rhetoric of people who speak bluntly about islam and jihad? that's who they're going after? this is nuts! . stuart: i think we'll have to end it there. this is-- i'm not joking, i'm out of time. that was a suitable ending, i

do believe. michelle malkin, thank you for being-- where are you? it looks dark where you are, where are you? >> it's colorado springs. stuart: yes. it looks cold and dark, okay. michelle, thank you very much for being with us. we appreciate it. thank you. how about this? bernie sanders reacting to the president's speech putting this on twitter, we must learn the lesson of iraq, american troops should not be engaged in perpetual warfare in the middle east. who is suggesting they are? and hillary clinton explaining why she will not use the term radical islam. watch this. >> the problem is that that sounds like we're declaring war against a religion. it it helps to create this clash of civilization that's actually a recruiting tool for isis and other radical jihadists who use this in saying we're in a war against the west. stuart: mary kissel is here. and your reaction to the

statement. >> i don't know why we're tiptoeing around who the enemy is. the enemy is radical islam and i think that hillary insults the intelligence of the average american when she plays the word games. she isn't proposing anything radically different from what the president is proposing with the exception of a snow fly zone and recall, too, hillary clinton was on the wrong side of the iraq war. she was against the surge when she suggested to the president that we should arm the rebels in syria, the president ignored her. she did not step down. she has a terrible record on fighting terror and she doesn't want to talk about that. stuart: and have the people, the voters gone beyond president obama and beyond hillary clinton and want more dramatic action? >> look, i think the president has realized, yes, they have. recall, he never wanted to use the phrase the war on terror. that phrase was verboten in his first term. he had to come out and give this speech last night because

his fbi director called it an act of terrorism on friday, so you have the president playing catchup to the fbi director. stuart: he didn't have much oomph or pound the table. >> he's not passionate. stuart: attacking rblgs. >> he's never passionate about this. two i think so this animated this president he was going to be the anti-george w. bush and get us out of iraq and afghanistan regardless of the cost. he doesn't learn in office. he's not even jimmy carter. jimmy carter learned from his mistakes and this president doesn't liz: i wonder if this defines president obama's legacy. stuart: r. >> the irony of this president, he's the anti-war president, and he will lead us into. stuart: the oil stopping the plunge as things change and we'll be down 40 points for the dow industrials.

there's one particular stocky want to bring your attention to, that's keurig, green mountain, look at this, we have a private investor group that's offering, i believe, $92 per share for keurig and it closed friday at 51. so they're offering 92 and closed at 51. it's a 14 billion dollar deal. that's the stock of the day. let me get to oil, that's the commodity of the day, if you like. it's plunging, 38.54. we've got a glut and swimming in it all over the world. down goes the price. that will have an impact on stocks today. the price of gasoline, 2.03 is your national average. if oil goes to 38 or below, we will be below $2 a gallon for gas. and then we have gary summers, in a washington post editorial, we're headed for recession if

we hike interest rates now. a number of considerations make me doubt the economy's capacity to absorb significant increases in real rates offer the next few years liz: he says that corporate profits are stalling, medium and small size businesses can't borrow. people have already bought cars and home goods under the low rate environment. they've pulled forward demand, and when rates go up, they won't do that. he's saying that a rate hike would make u.s. exports more costly as the dollar goes up in value. it's worth noting in 19the 1930s and cut the rate-- >> i'm laughing because i remember it well. and summers has clout and maybe he'll open the debate whether they'll raise rates. if you raise rates and we get a recession, maybe that means something.

>> isn't it ironic, this is a guy 100% behind obama's stimulus program and he wanted more of it which did nothing to stimulate the economy and a drag on the economy and now he's predicting. >> he's pronouncing 1938. >> the stock market cut in after after a fed rate hike. stuart: when the news is wonderful, we want to be there. and this is wonderful news, former president jimmy carter says it's cancer-free, terrific. he says the most recent brain scan did not reveal any signs of the original cancer spots or new ones. he revealed his cancer a few months ago and now he says it's gone. that's good. we have judge napolitano coming up. the lawyers representing the family of the san bernardino shooter hold a bizarre news conference saying that radical islam was not a factor and that the female shooter was kind of normal, and commented on his beard. the judge after this.

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>> today is the 74th anniversary of the japanese attack on pearl harbor. the u.s.s. arizona battleship bombed and sunk and the u.s. was pulled into world war ii. more than 1700 u.s. military personnel died on board the arizona and their remains are on that wreck. it's the greatest loss in an attack on a u.s. war ship 74 years ago. hillary clinton is calling something an exit tax liz: she wants to tax u.s. companies that move to merge with companies overseas and we need to change this behavior and she could would take the revenue from that exit tax for infrastructure spending and here is the thing. you don't create a wall around companies to keep them inside. and by the rules the obama administration is saying, in order to do a merger the rn to ownerers have to own 20% of the company.

obama wants to mange it 50%. u.s. companies will say, we'll move overseas. stuart: they go overseas because of high taxes, to stop them from moving, they raise taxes more. stuart: thank you for that. stuart: when i say bizarre news conference with lawyers representing the family of the male san bernardino shooter. roll tape. >> until there is absolute clear evidence, every headline doesn't have to say muslim massacre or muslim shooters. there was information about the fact that his co-workers had kind of made fun of him, for example, and his beard. >> the brothers did not actually see her face, never seen her face because she wore a burqua. she did some fasting, and chose not to drive. stuart: i know that judge

napolitano was watching that and i bet his response was bha? >> i admire lawyers who take on unpopular causes, but the statements they made, really are absurd and not in the best interest of their clients. their clients are the surviving family members, it serves no good whatsoever to attempt to minimize from any perspective, personal, social, philosophical or moral, the horrific acts in which their now diocesed -- deceased relatives made. they're making the situation worse for their clients by saying people mocked him because of his beard. is that suppose to justify slaughter. stuart: and the they didn't talk about the couple, the shooters. tried to describe the woman as just another housewife and yet, her brothers hadn't seen her face. >> first of all, they're revealing cultural aspect that

are so uniquely bizarre in the western world and secondly, i don't know to what end. look, does the family need legal protection? yes, it needs legal protection, they'll have to deal with fbi and local police and good to have lawyers as intermediary and to protect the family. the government has its own lawyers. but that pr nonsense made matters worse. that's not the job or the role of lawyers. were i the family's lawyer, i don't think i would be holding any press conference whatsoever. i would be finding out what the fbi requires, what the fbi needs, what the fbi wants and how we could comply with fbi needs without violating any rights of family members. stuart: the mother of the shooter, the male shooter, is now being investigated because people think, well, surely she knew what was going on there. she lived in the house where

they've got pipe bombs, all kinds of ammunition and weapons. the lawyers presumably are going to defend her against any charge that she knew what was going on. i presume that's their function. >> it is their function, but it's not their function to attempt to influence public opinion about one of the most horrific events of modern time by minimizing it. stuart: why did they do that? >> to the absurd, very, very ill-advised, perhaps wanting 15 minutes or in this case, 15 seconds of fame. i just don't know. that doesn't serve them well. it doesn't serve their clients well. stuart: i've got to move on, but do i hear you're hosting a show on the fox business network tonight at 6:00. >> for our friend and colleague charles payne. will you be watching, mr. varney? >> oh, glued, baby, glued. absolutely glued. you're back at 11:00. >> absolutely. stuart: thank you, sir. governor mike huckabee says president obama is more interested in protecting the

reputation of islam. and he's here. and front page after mocking the g.o.p. and n.r.a. will you look at that? >> let me tell you something, this is the garbage that passes for journalism here in new york city and america. this isn't fit to line the cat litter box. what a bunch of garbage. at ally bank no branches equals great rates. it's a fact. kind of like playing the boss equals the boss wins. wow! ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine, i talked to my doctor and found a missing piece in my asthma treatment. once-daily breo prevents asthma symptoms. breo is for adults

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>> on thursday the front page of the new york daily news, prayers and god don't work. that was the front page on the new york daily news. on friday, another dramatic front page, which compared the n.r.a., national rifle association, to terrorists. move on to today. the cover today claims, quote, everything is awesome. now, what's going on with this? could somebody explain this trajectory that the daily news is on? >> they're trying to sell newspapers, stuart. it's sensationalism, their circulation is down 10% since 2007. it's the same kind of thing ted cruz coming out and saying he's going to carpet bomb isis and-- >> they're being sarcastic? >> yes. stuart: is that what they're doing? >> which you should understand, stuart.

stuart: sarcasm is a low form of wit liz: sarcastic according to the daily news to allow-- >> to all of those offended about hearing the truth about our nation gun scourge or the politic politicos who think nothing is wrong, everything is awesome. sar sarcasm. >> they're speaking to the left's obsession with gun control. and the president says we need common sense gun laws as if gun laws are going to stop an apocalypt apocalyptic-- what led to these attacks. >> i read the new york post, personally. stuart: i read the new york times which said some of the guns, we've got to take those off, take those guns away from gun owners did you see that on the front page on saturday?

>> again, you don't want to acknowledge what the problem is. when the president took office we had a housing crisis, he said let's nationallize health care. and we have a caliphate that wants to kill us, and now-- >> and now, this is the stock of the day. green mountain coffee. otherwise known as keurig green mountain. it's being taken over, there's a bid there, a private investment group offering $92 a share, closed friday at 51, they're offering $92, no wonder that stock today will move up big time. hillary clinton turning her back on her big wall street donors. he she says she's got a plan to rein in the banks and everybody else in the financial business. more varney in a moment.

>> what i saw was too little too late, too laggard, and too lackadaisical. very typical of all of the reactions that we've seen from this white house, not just with regards to this latest jihadist attack, but with regard to many of the jihad attacks under the obama administration.

stuart: you heard from michelle malkin at the top of the hour. we start sharp at 9 eastern. the opening bell is going to ring. we've got a plunge in the price of oil and we've got larry summers, former fed secretary saying you put rates up now, you will have a recession. it's now precisely 9:30 eastern time. stock market has opened this sunday morning. remember, we're up over 300 points on friday and opening ever so slightly lower this morning. having looked at the futures, maybe we'll be down 30, 40 points and everything is off and running. liz macdonald, scott shellady, keith fitz-gerald, what's going on with your money. i'm going to start with oil. i know you're there and gesticulating to your friends. i'm going to call this the day of the oil price plunge. am i right? >> yeah, a big percentage on the end of the day if we stay down here. number two, stuart, where is this demand coming. something tells me the engine is broken and not able to use

it up and other things as well. the propensity of a downward move is slower and slower, i think we'll see another $5 and what will it do to the energy sector it was there in 2008 and 2009 when we needed help. stuart: do you think it will plead over to the stock market and hurt wall street's stock market? >> yes, i do. they're linked no matter what people want to say. when you start to see demand for oil, copper and zinc pick up things are going well. they're not picking up, they're going down. stuart: keith fitz, if oil is plunging and i say it is at $38 a barrel. is that bad news for the stock market? >> i think it's about a six month window you've got to look to. i think we'll hit 30 maybe high 20's before it's done. is that a bad thing? depends how the consumers deal with it. stuart: surely it's a bad thing

for the energy sector, anybody who is in the drilling business in america, it's a bad thing for saudi arabia, for anybody else. and overall, doesn't it have a negative impact on our economy? >> well, if you're using traditional models, yes, i would argue. however, given what obamacare has done to the american people and the taxes have done to american people and cost of doing business, i would argue at some point that's actually going to finally mean money into the consumer's pocket and they'll spend it. stuart: we'll see. i think that drop in the price of oil is the big story. and another story, keurig green mountain, it may become a private company. what's going on with this. nicole: look at the stock, up 74%, because the deal is a 78% premium. the bid $92 what the deal is for. jab is the company, 13.9 billion dollar deal and jab

owns other names, coty, a beauty fly company. stuart: stay there, i want to get keith on this. that seems a high offer, $92 a share for a stock that closed friday at 51 is. >> somebody has lost their minds or somebody knows something that's not public information here, stuart. there's no way you could put a premium on a company like that absent some sort of hidden value and frankly given what the coffee market is today, i can't see a valuation double than the price on the market. stuart: there's more to this because that's such a high offer there. back to nicole, chipotle, it says the e. coli outbreak has hit sales. have you got any numbers on this. nicole: they warned that the sales at the restaurants could drop between 8 and 11% for the fourth quarter. and we know the stock is down here in this fourth quarter,

already down 22%, they added three more states to their list that have been now have said they've had e. coli for people who ate the chipotle. so, still under the gun here with this one. stuart: yeah, 5% drop is a big drop all right. nicole, thank you very much, indeed. the dow industrials, we're down 70 points as we speak. and larry summers, remember, bill clinton's former treasury secretary. he says in a washington post editorial, we're headed for recession, if we hike interest rates now. what do you say to that, scott shellady? >> well, i think that we've been using the wrong metrics. 5% unemployment rate is not right. japan printed a 20-year low with 3.1% unemployment rate and their economy is contracting. and ours look to be contracting still. the bright spots, what's bright? celebrated a 27 is number. why do we? we have 0% interest for seven years and don't have any

inflation, something is not right. something doesn't smell right i'm schizophrenic about it, i don't think that zero is good and i don't think that the fed hiking is good so that's the problem. stuart: keith, what is the problem. >> look who larry summers is, look at the record. he cost harvard a billion dollars, he led the deregulation charge. defended enron. he said women can't do math and science and you've got to look what he's saying and who is saying. i don't believe the economy got out of recession. i think the fed is embarked on a terrible strategy and now we'll pay the price. if that's what we're saying, i agree. if he's saying it's recession for recession, so what? >> so he said it and the market is down and i think it maybe throws into question whether or not the federal reserve does raise interest rates this month. if you've got the likes of larry summers saying you do this and you've got a recession, maybe that weighs on the federal reserve

liz: fed funds futures says there will be a rate hike. did the fed wait too long to raise interest rates? we seem to be on a downward slope. stuart: the story this morning is the down side on the price of oil, down to $38 a barrel. the dow is off 81 points and look at the gun makers, retailers and gun makers. smith & wesson, ruger, dick's, cabela's, over the weekend the new york times ran the first front page editorial since 1920. it was all about gun control and actually talked about gun confiscation. front page of the new york times. that's why the gun makers are straight up. keith, comment on this. >> this is going to be the best engineered gun sales season of all times when the new york times comes out and says you can't have them. stuart: exactly right. the gun makers, up 3% as we speak. scott, you said last week that gun stocks were not a buy to you, explain.

>> i mean, emotionally you're going to get behind the people who think they will be taken away forever. you're buying into the hysteria and hype. i don't like to do that. emotionally i would see how they could rally. and there are two different story, one is a short-term play and one is the long-term plays. stuart: i think there's an explosion of gun permits coming this week. and how about northrup, boeing, lockheed, general dynamics. do you like them, keith? >> we've been after these because contrast and knee jerk was to buy a gun maker stock. i think the bigger play is the stuff you're going to need to engage in a much longer term fight with radical islam. people don't want to admit it, but they've declared war on anybody who is not part of the isl islam

islamic islamic-- >> there's hillary clinton outlining a plan to rein in wall street in the times editorial section. give you a quote "i would seek to iose on harmful eye frequency trading which makes markets less stable and less fair. no one should be too big to jail". what's the transaction liz: she wants to hit high frequency trading. the eu rejected the financial tax. speed sweden tried to do it in the '80s and moved their markets in london. this would happen here and get passed on to investors, workers, and the company's employees. stuart: it wouldn't be passed onto another country. instead of selling or buying that stock through new york liz: that's right. stuart: you'd transfer it to the cayman islands or shanghai

and the markets leaves you liz that's right exactly right. >> okay, i think we've dealt with that. look who is here, marshall cowan, he's come on the show because he has two, what he thinks are huge winners in the retail sector, winner number one. >> amazon, look at it. it's not a surprise, but on-line has really accelerated big time. it's finally hit the mark and really gotten to consumers to responds. stuart: amazon has gone straight up. hit 682 last week. that's a huge and powerful run-up. i think has it got ahead of itself, the stock price, ahead of the actual business it's doing. >> two perspectives, one is, people buying are taking advantage of the deals and people who haven't gotten in on action, we're talking about people on pride and a large amount of people who aren't taking advantage of amazon prime yet and other retailers are following this model

because it works. stuart: you shocked me last week when you said that 24% of all american households have amazon prime, not just an account with am non, but they've got prime and paying $100 a month. >> they pay 99, and a deal for while, 69. but it goes beyond the shipping, but added benefits of entertainment and streaming. so it's a good value for consumers and amazon recognizes thises a great way for them to stay engage i had. stuart: next winner is. >> target. you've got to look at target, not just they had the best black friday. they had a very good black friday. very weren't the winner, wal-mart won black friday, but target is winning the overall game. when you look at what's going on, the consumer, a third of consumers haven't even started shopping yet for holiday. so, we've got a little under three weeks ago, but yet, we've still got a lot of business. stuart: what's so good about target? >> what target has done, they've increased inventory levels in the store on key items when they don't run out

with big sales and push like weekend sales and they've done a really good job of ramping up the advertising and connecting with the consumer. what they've done, they've offered you deal after deal after deal, it's a continuation. >> should i think of target as a bricks and mortar store which i walk around and buy things or an on-line operation? >> they are a definitely on the channel and you know, even though they've had so much business that it gave them a little bit of a challenge, but they overcome it easily. the consumer says i'll come right back. the deals are door buster deals are that good. >> marshal cowan, amazon and target, you picked them. >> thank you. coming up, attorney general loretta lynch telling us her biggest fear, here is a hint, it's not islamic terror. more varney in a moment.

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>> breaking news, we're now learning more about the man responsible for weekend

stabbing, in the london tube station. he had association with islamic state, isis on his phone and police calling it an act of terror. here in america, homeland security chief jay johnson says we're updating our terror alert system. e-mack, what's that liz: essentially when the terrorist system is activated it means there's an imminent for credible threat. jay johnson essentially wants a more sensitive system, it's not credible, it's intermediate, we want people to know a terrorism threat is out there. to the markets and the big board, we're down about 60 points, 61 to be precise and we're leading this market lower because of the oil. i'm going to call it a plunge. $38 a barrel, way, way down. one stock in the news, that pep boys, hit a new high. carl icahn's got a 12% stake in the condition and it's up 4 1/2%. following last week's

outrageous events in california taking into account responses from the lawmakers and address last night. two points stick out to me, first, attorney general loretta loretta's-- loretta lynch. >> my greatest fear as a prosecutor as someone sworn to the prek of all the american people, which is that the rhetoric will be accompanied by acts of violence. stuart: second item, the president's refusal to call it what i think it was. he called it an attack on a holiday party, not a christmas party. watch this? i'm sorry i that you had we had the sound. he called it a holiday party, not a christmas party. mike huckabee, welcome. >> thank you, great to be here. stuart: attorney general lynch says her biggest fear is backlash against muslims.

that's her biggest fear? >> it's astonishing, there were 5400 hate crimes in the united states last year, a thousand against religion, you know how many were against muslims, 16%. 58% towards jews, i'm wondering when loretta lynch is going to come out and say the jews are taking it in the face and make sure the jews aren't getting the hate crimes, they're getting the biggest majority not the muslims. in a nation of millions of people, there's a total of 166 hate crimes against muslims in all of last year, compared to 598 against jews. i think, you know, if she's going to talk about this, first of all, when did we suspend the first amendment and free speech? i don't recall that. stuart: yeah, because what are you allowed to say? if you're critical of islam or critical of muslims, what are you allowed-- are we allowed to say that? that's the question.

>> and it isn't a little odd, what statute can the top law enforcement officer in the country cite as the basis to prosecute someone for saying something this hurts someone's feelings and if she is in fact the attorney general, which puts her over the fbi, if she not aware of those crime stats that i can find? i can google that and maybe she should try that. and understand, there is no massive anti-muslim sentiment in this country. stuart, it just doesn't exist and both she and the president are being dishonest with the american people when they pretend there is. stuart: why did the president last night specifically refer to the massacre site as a holiday party. that massacre site had christmas decorations all over it. >> because of the politically correct nature of our culture today we're so afraid we are going to defend somebody. i grew up in a time when we got offended all the time kids at yale afraid of hallowing

costumes, the little buggers should give up college. life is tough. there are challenges to being a human being. stuart: what would president huckabee do about it. >> i would say we're going after the thugs, and criminals take the fight to them. isis is here, whether it's san bernardino, fort hood, little rock or boston. we're seeing radical islamist activity and this is needing to be defined, not just we're picking on muslims, but because it's an expression of radical islam that's determined to kill all of us. if this were happening at the hands of presbyterians, wouldn't we say we've got to stop the presbyterians punchy people. stuart: yes.

>> and the bombing baptists. stuart: episcopalians. >> we'd definitely go after the episcopalia episcopalians, we're doing that anyway. [laughter] . stuart: you're losing your voice. >> from all the speeches, and people are praying that. [laughter] . stuart: a mod ral muslim posts a list of demand on a saudi-backed mosques door. a list of demands, and he's our guest next.

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>> if you want to know why the stock market is down so much you take a look at bug on the screen. oil down a buck 38 as oil plunges, so does the overall market, but not keurig green mountain. see, oil is 38.59. as it goes down, other stocks follow it down. quickly, show me green mountain, please, because keurig green mountain, maybe the stock of the day. that's going straight up. it's up 73%. an outfit wants to buy it out for $92 a share. closed friday at 51. there's something going on there which i don't understand because that's a very high bid. then we have chipotle, show me that. it says the e. coli outbreak has hit sales.

oppenheimer cut the price, office depot is a new low, merger with staples may be on the rocks because of anti-trust issues. it's at 597, down 10%. a frequent guest on the frahm, posted a list of reforms on the doors of conservative mosques across the country. this past weekend that's exactly what he did. what has been the response. he's right here. and we've got the video, you remind me of martin luther, naming a list of demands of reforms. and now you're doing it on saudi-backed mosques, listing reforms. what was the response? >> the response was as expected. our group went to, this was a number of organizations, it was bipartisan, nonpartisan, from left to right. those of us who agree that the root cause of radicalization is the idea that the islamic state. the caliphate.

we made a proclamation and declaration. two pages, we're for the equality of men and women, against the caliphate and the idea of islamic state and the blasphemy laws. we want a showcase for the media, for government, for homeland security. this is the solution we need to have. if you want a strategy, you enable muslims to go, we put it on the door. the time for press releases and empty words is over. this is an act where we go to the mosques and the mosque on mass avenue there basically responded initially hostilely, but we engaged them, we put it on the door, they ripped it off and ultimately said we'll look at it and get back to us. mosques that say they're on board with the reforms are part of the solution. those that rip it off, we don't want anything to do with it or some apologetic, they're the radicalizers in our movement. stuart: you're a small minority within the american muslim population, i believe. the number of people prepared

to stand up and do what you did i think is a very very small number at this point, correct? >> well, our organizations are numbered, there's 15 of us. 30 we know are going to work with us, but the grass roots part haven't started because muslims have been getting a pass and those who don't belong to the sort of collective muslim activist or islamist or political organizations are by character dispersed and not unified. so that's why we figured we'd start first with this benchmark, which is a declaration that people can go to change.org and sign and spread and every municipality to challenge muslims to sign it build the grass roots in the spirit of martin luther king and martin luther. stuart: thank you, zudhi, join us soon. >> thank you. stuart: president obama outlines a strategy for isis,

won't call it islamic terror. the new york times, they want to take your guns away, confiscation on the front page. how about that? second hour of "varney & company" is two minutes away.

>> it is precisely 10:00 here on east coast hoar are the big stories for you. president obama calling the san bernardino attackses an act it have terrorism. that still won't say islamic extremism. ralph peters fired up on this one and he's coming on show. isis using sites like twitter and facebook to recruit and spread hateful message. some people believe silicon valley isn't doing now have to stop it. and then there's ol. these big money story of the day. price right now is 28.54 i say it is oil plunge day we're swimming in the stuff and stuff looks like it has nowhere to go but down. hour two of "varney & company," it starts now.

♪ >> half hour into the trading session not the best way to start new week we're down 95 points. and a the reason for much of that decline is this, would you look at it please? price of oil is plunging i think that's a decent word to use. we're down to 38.54 that's a 3.5% plunge we have a glut of oil around the world. russians have said what did they say? >> economy -- said it will stay low. that russia expects it to stay low. >> that's not good news for russia. 38 a barrel. then we've got a private investment group wants to buy green mountain offering $92 a share. closed friday at 51 that values company at or $14 billion. what's with that? cheap oil lifting the airlines especially southwest that is up 3%. at $50 per share that is southwest. jett fuel getting cheaper. airlines up. right to the president's speech last night on terrorism and

bring in lieutenant colonel ralph peters all right ralph i have a question for you. i know you watched last night. i want to know what were you saying to the tv as president was speaking? whaftion your commentary as this president speech unfolded? >> well -- first of all he keeps speaking about we can't give into our fears. don't be afraid. look, mr. president we're not afraid we're angry, we're pissed off. we're furious we want you to react, do something. you're afraid. this guy is such a total pussy it is stunning, we want -- we the people, american people who he does not know in any eminent sort of manner, we want action. we want action against islamic state and then -- then when the the president is telling us he's going to destroy isis, this is a president who has done more harm to american police departments than he has

done to islamic state. this is a president who restrains our military. he uses a not to defeat isis but for political purpose for political cover. this is a president who doesn't want to hurt our enemies. this is a president who cares more about subs in guantanamo or thugs in ferguson, missouri, than he does about law abidings american citizens in the reeght to live in cast -- >> i can tell you're superangry and i asked you what your reaction was but i have to call you -- you can't use language like that on the program i'm sorry. okay. now what was new in the presentation last night? was there anything, was there anything in the presentation last night that would make a contribution to defeating isis or erasing our fears? anything? >> no. i mean, like -- with a "new york times" he's convince the problem is gun control that's what we've got to pex.

and the problem is islamist terror. certainly stuart we can use more intelligent approaches to keeping guns out of the hand of psychotics found fathers did not want a drunk psycho to have a machine begun. but owning guns is not the problem here. the problem is islamist terrorism and president obama won't say islamist terrorism. >> i want to interrupt again you used strong language about the president of the united states and i'm anchor of "varney & company" i have to ask you to apologize for that or tack it back. >> i apologize. trnlgt all right. what would you like to have seen the president say last night? >> i'm not interested in what he says anymore. i want him to do, i want him to act. i want him to take on islamic state and yes stuart i do apologize for giving into my

anger, but i'm -- i feel like you know the american people understand where i'm coming from on this many my choice of words was incorrect by my sentiment i think is shared by many. >> thank you vooch indeed we'll see you very, very good soon. calm down, calm down. okay 30 minutes from now john barrasso take on president obama's address on terror he'll be with us shortly. next guest says silicon valley may be unknowingly supporting isis eric is with us. what do you mean supporting isis? how's that work? >> well, what's happening stuart is with -- we're at war right now. and intelligence in war is probably the cornerstone of everything. alexander defeed because of lack of intelligence, and right now our law enforcement either within the dark net, the dark web which is not even part of google you can't get there

through google isis is able to chat, able to communicate. they're able to pass information. they're even able to raise money through bit coin and our u.s. intelligence is somewhat blocked if not blocked completely from access it that information. even apple, i mean, some of the apple communications right now is fully encrypted we can't get access to it. i said it a week ago or so on your show that silicon valley, leaders are ripping off the security of the american people. >> okay. i'm gong to change subjects for a second because we've just had a further -- i hesitate to use the word plunge but a further downside move in the prees price of oil now it is down $1.60 below $38.50 and dow jones industrial average now is down over 100 points. am i right in linking the two as oil o goes down stocks go down is that an accurate statement?

>> well, i think that there's some correlation. but most likely not stuart. i would argue that that's probably not the -- >> what is the mark down so much? >> i've said market is overheated. evaluation to the global economy that's part of what we're seeing. i think also with respect to oil, you're seeing the fact that the saudis have not cut become they've continued to keep production hurt fracking industry and lowered it down to continue to drive out a u.s. -- supply. and they've been successful in doing it. but also trying to hurt isis which is not such a bad thing. isis being a supplier, and a seller of oil. >> if the big tech companies are heavily involved in their way, with this -- what's going on overseas around

the world, is the stock price vulnerabling in some way? >> i'm -- stock price vulnerable what do you mean? >> big tech company like apple. microsoft or facebook, they'ring right in the middle of this. sort of the middle people between terrorism and rest of the world. do their stock price suffer at all because of this? >> i think it can -- ultimately earnings is going to drive the day for those companies frankly earnings at those organizations are phenomenal because they have such monopolies they have such significance in the words of warren buffett. they're strategic competitive advantages but if there's another big terrorism act that could affect the economy for instance, those stocks will get just look anyone else. the concern i have overall is the safety of the american people, and when you have indescription and i know it's

not politically correct to talk about this and not politically correct. but enough is enough. we need to give law enforcement access to the chatter that is going on. right now what people need to know at home is they can't get access to a lot of it like they used to. we heard it have people saved because of chatter that was overheard. a lot of this is dark u now, because of snowden. people are concerned that congress is concerned about giving too much access because they're concerned they're going to hit on privacy. but look, privacy doesn't compare when your family is at risk and those you love is at risk. that's there today. >> appreciate it all thanks harry. next story irs wants more information on who exactly is giving money to nonprofits. that has conservative groups luke the tearpght in uproar sayings irs is acting more like big brother by the day. liz what exactly does the irs want?

>> it would give the nonprofits the option of collecting social security numbers of donors who make contributions of $250 or more. so a lot of people, a lot of individuals out there are saying wait a second, why would they need to get our social security numbers? it would basically -- could create identity theft and ice over donations to these groups to ask for numbers. fng would you it be anonymous right? you want to give your money anonymous reif that's what you want to do. but you can't with your social security number as well because irs could check up on you. >> conservative group say wait a second for marriage had the tax information leaked. so if the social security numbers are on there, and they're leaked that means people will know who was giving money to whom. it is done anonymously for a reason, this moves fear and number of nonprofit and ice over donations to nonprofit. >> we hear you liz thank you very much. 11:00 this morning, this program 11 eastern that is hear from becky, her tea party group was

targeted by the irs. johnny joey jones, he's a marine, bomb technician who came face-to-face lost his legs disarm aing bombs in afghanistan. how easily can terrorists make improvised explosive devices? more varney after this.

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>> washington, d.c. attorney general loretta lynch holding news conference we're expecting her to announce an invest into the conduct of the chicago police department. the goal of the investigation qowld not be to charge anybody with any krill, but to kowm up with recommendations of a training of practices. we are monitoring that news conference. tobig board we're down but not s much as we were up 100 points as we speak. first, let's talk a look at the dow jones industrial all 30 of them. where are they? most of them are in the red that means they're down. and what -- six, nine of them.

wal-mart is leading best gain percentage of all of the 30. the reason why the market is down so much this morning. primary reason this is in my opinion price of oil plunging at 38.34 this morning a 4% drop a buck 62. our next guest is a marine. he's come face-to-face with terror on more than one occasion touring in both in iraq and afghanistan lost both his legs disarming bombs. marine bomb technician staff sergeant johnny jerry jones is with us. sergeant good to have you with us. >> thank you, good morning. ferlg first of all before we discuss your injury and how it happened and how you recovered, these ied's some of them were discovered in this house in california. how easy are they to make? >> well information is out that's for sure back to ira in 70s show you can make it

easily and employ it if you have the will. here in the country done a great job with intelligence, and great job talking about defeating terrorism but at the end of the day these things are easily made and precursor or materials are easy to get ahold of. rming you were injured by an ied is that correct? >> yes, sir, in afghanistan back in 2010. >> you lost both your legs? >> i did i lost both of my legislations but i had a second chance at life so no complaints here. >> trying to dismantle an ied and what exactly happened? >> well one thing that a lot of people don't understand is that iraq and afghanistan were two vastly different wars. people look at my job and they think hurt locker with truck ab bomb suits in afghanistan especially after 2009, that simply wasn't the case. the terrain didn't allow for us to use gear that we've created to defeat these things so it was mostly hands on procedures sitting over top of it taking it

apart. so my field relatively small field took a large number of casualty a large number of injuries. i was personally on my 79th ied when i stepped beside one that i didn't know was there. >> that's how it happen haded it wasn't with the one you were trying to take to pieces but that time, good heavens tell us about the second lease on life. is that the process thet tick legs that you have there? >> no, i had a second chance at life because ied that took my legislation could have taken my life and it did of a marine stapgding next to me. and you know that's the irony of war. i stepped on it he lost his life so i live this life to the fullest in his memory and honor especially those men and women serving today. we're all passing ied's coming to america. simply putting to and 12 of them in a garage in san bernardino that's what we're facing really isn't it? >> absolutely.

it is a very, very important threat that we need to recognize. understand that conversation of gun control, i understand the confers of immigration, but the end of the day we have lone wolf terrorists, sympathize percent people that are reach through social media and we're not going to sop that. we have to look at the precursor, product used fertilizer, diesel fuel purchase habit of people who may be on a watch list and understand what it is they're trying to do. and with these ied's one thing that is incredibly interesting is we can feet them in iraq with device and other type of sophisticated gear we with can't use that here. our lifestyle in this country allows cell phone and garage door openers. >> that's a very good point. sergeant johnny joey jones, thank you very much for joining us. thank you for your service. rng thank you. >> thank you, sir. >> out to san bernardino president of the imop now calling for a reof the u.s. sris is a system that's how the female shooter came into this

country. liz, any idea what they're proposing? >> we don't have any details on what had they're proposing but here's the problem basically fear is that terrorist organizations overseas are getting radicalized spouses to marry u.s. citizens so the way of the law works is, if you're a citizen here, and you have somebody you want to bring over to be your spouse as long as you marry that person within 90 days that person gets a k1 fiancé visa we know that 500,000 people have gotten this visa since 1989 and we have on top of that some like 3 million refugee into the yoots since 1975 so that's the fear that that is the plan that they know how to get in the system. >> are they going to look back at visas that have been granted in recent fast, in the past year who is here, who got married, look at the ones already offered? >> that's -- there's an indication that they're going to look back and

see, you know, where they were radicalized area of the world where these individual ises are coming from. >> that's how you get a jihadi in. >> it is. through this k1 visa other ways so effectively the woman starts firing in san bernardino, and here's the image on camera right there. basically she just has to check a box, there's a lot of check box checking on these forms sellerly asking have you engaged this terrorist activity any terrorist leadings. so if you say no, box is checked and you're getting among multiple other questions. didn't get visa. >> so involved in terrorist activity of course you keek the box and say no. >> more news breaking on this front quickly. now authorities on the ground in pakistan are saying they are placing cops and intelligence officers at the university she attended in east package. there's fears there's radicalization in higher

education in pakistan. new"new york times" writes opt d on gun control said to give up our weapons, that's confiscation. my take on that is next. so jill, i know the markets have taken a hit lately. mmm hmm. just wanted to touch base. we came to manage over $800 billion in assets, through face time when you really need it. it's how edward jones makes sense of investing.

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switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. >> we called this plunge day for the price of oil, and plunging it is, it is barely holding at 38 dollars a barrel. that's why these oil stocks energy stockses in general are so far down this morning. separate subject. tashfeen malik, she may not be alone here in america. study reveals a large portion in the united states are women, more on that in a moment, and facebook is where malik pledged to isis we're looking at social media role in terrorism.

a former director of communications for facebook will join us later this hour. this is a quote from "the new york times" editorial on saturday, quote, certain kinds of weapons and certain kinds of ammunition must be outlawed for civilian ownership. it goes on, it would require americans who own those kinds of weapons to give them up for good. that editorial appeared on saturday's front page that was a sign of the importance at the "times" attaches to gun confiscation position that's what it is. gun confiscation. there you have it. islam terror arrived at the softest of soft targets and disability center in suburban, california, everyone now feels that threats of a brutal massacre, anywhere in the country and the first response of the times is to deny us the right to defend ourself os. to abrogate rights found in our constitution to the most defenseless in the face of islamic terror.

take our guns away for the good of the fellow citizens at the "times" puts it. to that editorial will be the impact on o sit of gun confiscation, it will be an explosion of gun ownership. friday after the paris attack that were 185,000 gun permit applications in america in one day. does anyone doubt a rush to buy guns now? in a way it's good to see a little honesty in the gun debate at least we know what the left really wants. they want to take our guns away. take them off you. now, i'd like to see that as official policy of the democrats in election. put confiscation to the vote. i think voters will be very clearly and show very clearly that defense of our home and families is our fundamental right that will always be our fundamental right because it is god given.

stuart: dow jones industrial average is still down. down 122 points. negative for that yields. the price of oil. it is plunging. it is now down $1.90. barely holding. down nearly 5%. oil goes down. stocks go down. i want to get back to the president's beach. bring in republican senator from wyoming. the response from the center and the right has been not much. nothing that was new last night. that gives the center and the right and opportunity here. to just jump right in with a

really this anti-terror policy. >> i think that it does. it seems to be out of touch. it does not seem to be up to the job. continues to underestimate the role in terror. whether it is sitting there contained. whether they are calling it a jv game. happening right before the attacks happening right here in the homeland. people are looking for a compelling answer. stuart: i want to raise an issue. a little difficult to raise. to me, the president look tired and a little disappointed. he was not upbeat, lively and passionate. that is my personal observation. how about yours? >> the president went there and show the hollywood event at the kennedy center last night.

maybe the president was disappointed that he could not be out celebrating with his friends. the president does not seem to be taking this with the seriousness that the american public is concerned about. take a look at these terrorists. they are well armed. they are well-funded. a seem to be well-connected. that seems to be the worry that everyone has across the country and this world. the president really gave us no new reason to hope yesterday. he basically said he will stay the course. he is now saying that he is going after some of the oil supplies. now he is saying we will go after this. stuart: you are a republican from one wyoming.

coming from a pro-gun state. what about other states? the president and democrats are raising the issue of gun control. that is a pretty powerful issue in some parts of the country. >> i think that the president is trying to distract from the fact that none of the laws are on the books in california. nothing would have prevented what would have happened in california. he wants to bring in theory and refugees for the united states. nothing that he has proposed last night would have change what happened in california. when the president says go after the guns, that would not have addressed the concerns of the american people. they feel that the government is not able to protect them. they want to protect himself and

perhaps go for more weapons, war ammunitions because they do not believe that the president and the country is being adequately protected. >> we see an explosion in gun applications. i think it will happen. senator and republican from wyoming. thank you so much for joining us. we appreciate it. republican congressman from texas. fired up about this. we will hear from him in our next hour. marco rubio has a new ad. look at this. >> this election is a choice about what kind of country we will be. the opportunity to offer the greatest chapter yet in the amazing story of america. we cannot do that by going back to the leaders and ideas of the past. we must change the decisions we're making by the people who are making them. stuart: coming up with a

response. >> a direct attack. aiming right at hillary clinton. the iowa caucus is february 3. he is fourth in that state behind trump, crews and carson. he was leading. it also is taking us right to donald trump. marco rubio scoring very well. trump not scoring well with them. trump does not do as well and i will as he does in other states. stuart: thank you very much indeed did let me show you the big board. the average is now down 156 points. the reason for that is that continuing plunge in the price of oil. now down $1.92. it could drop below 38 any moment now. oil prices are plunging. now this. a new study on extremism.

it comes from george washington university. females represent about one third of isis. that is an accurate statistic? all the people following isis. one third of them are women? >> one third are women. in the past, most of the men, most of the people arrested for being an isis sympathizer have been met. women make up about one third of these active social media tweeters. talking about isis. not only are they on social media, but they tend to be more pro- holistic. more smart about their online posts. they are very influential online. stuart: how could a mother leave behind her six -month-old

daughter and go off and massacre people and leave that daughter behind knowing that in almost all certainty she is not coming back. >> we need a lot answers to understand the motives behind the attacks. you know, intelligence officials, professor satish is not people coming into the country that we should be worried about. hundreds, if not thousands of people in america sympathize with isis. stuart: what is appealing about an ideology where mothers abandon their children. this is america. >> you are right. >> that is not something we

understand. we do know that not only radical ideas online, i spent an hour last night looking at tweets. live tweeting president obama speech mocking him, threatening him, bring it on, bring your troops to the middle east. you also see tweets about the beautiful beaches in the cala states. happy little children running around. dealing with maternal. having kids. spreading. if you look at the propaganda, it is not all blood and guts. some of the young women that fight with isis. they are sex slaves, for heaven sakes. >> we are starting to see women be more empowered. one more thing i want to add,

when i was talking to the researchers, the message has changed. do not come here to the palisades. stay where you are. that is why there's so much talk about these online posts and radical ideas being spread on the internet. stuart: thank you for joining us. check the price of oil. it is plunging. not quite as bad as it was. right at dirty 819. stephen schork is with me. the schork report. stephen, am i right to call this a plunge? am i right to say that we have not found the bottom yet? >> yes, you are correct. we look at holler volatility. certainly out of the bell curve of recent action. this is a plunge. it is a plunge in response to

the unexpected outcome of opec's meeting. stuart, demand for crude oil is at record pace. prices are continuing to fall. the event. >> i am trying to get to grips with this. as we understand it, there is a massive surplus of oil supply. at the same time, demand is rising very, very quickly. i do not quite understand how to balance this. you have a surgeon supply and a surge in demand. why is it plunging as it is? >> supply is greater than demand. also, demand is pleading. it will maintain a record pace into january. the refineries will go into their maintenance season.

demand is going to drop off significantly. you are looking at this they are four months down the road. crisis is falling. what will happen now? we are still weak on the market. the real concern now is looking at 2016. saudi arabia on friday had no choice. we are looking at a price war. that is, that means that the global market is remaining extremely well supplied in an environment where demand is not keeping pace. right now, the template is far more lower oil prices. >> we shall see. $30 m below. the oil prices got to $10 a barrel. they have no choice.

they need the hard currency. they will produce regardless of price. stuart: we are following every word you say. watching it carefully. we will see you again soon. the woman terrorist in the san bernardino attack is pledging to isis on facebook. we will talk to directors about social media is role in terrorism. >> even apple. fully encrypted. we cannot get access to it. i said it a week or so ago on your show. many of the leaders are ripping off the security of the american people. ♪ that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business...

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parnell pharmaceuticals, parn on nasdaq. for the full interview go online. ♪ nicole: i am nicole petallides with your fox business brief. a gain on friday. you see it down about 150 points. the s&p down 18. the nasdaq down 36. down over $39 a barrel. some of the dow losers include chevron and exxon. exxon down over 3%. caterpillar under some pressure. pep boys, billionaire investor karl icahn. a 1% stake. with that, the stock moves up about 2%. you like watching go pro videos, there is a channel.

amazon fire and fire tv. go pro videos on demand. down about 3% hitting a new low. start your day at 5:00 a.m. i will be there with all the breaking news. ♪

>> i used to think that pep boys was a pizza joint. it is not. they fix cars. office depot, new low. merger with staples may be on the rocks. down 11%. how about facebook. tashfeen malik, the woman terrorist in the california terrorist attack plextor allegiance to isis on facebook. all right. you know, a lot of criticism. facebook and other social networks just do not do enough to root this stuff out. what is your response? >> it is a misconception. i hope i can be a voice of reason for you. i used to work at facebook. i spent 10 years working politics. we are working this because of politics. several guests that i've talked about it this morning. he tried to persuade the nation.

they are doing a bunch of things to take care of the problems. the reality is he introduced this concept of working more closely with silicon valley as a political tool. they went to their rolodex and looked at all the things that they could do. they started talking about how they may be a will to work with silicon valley. it is truly just -- i see your problem. you have a billion daily losers. >> a billion and a half. you have 300 million on twitter. incidents like these. it is not just like finding a needle in a haystack. this is like picking up eight grain of sand. >> if i go on facebook and i

make a comment about terrorism and i use that word or a islamic terrorism, am i immediately a suspect because your algorithm picks it up. there is a difference between that and promoting terrorism. i do not see how you can make that distinction when you say kick that out and keep this. >> you should know and your viewers should know that there are people out facebook that are extremely qualified and spend every waking moment of the day trying to do exactly what you just said. espousing radically violent ideas on facebook. it is not allowed in terms of service. this is an incredibly difficult task. if anyone goes on any social media today, they will read a lot about terrorism. it is the dominant news story of this new cycle for the last four or five days.

being able to pick through these things and identifying the types of content to be removed are things that people are fully committed to. frankly, people need to understand what types of people are working at these companies. these are people that are devoted and tireless and working against. the white house has now done this. silicon valley is somehow not doing enough here it it is just preposterous. we have united health. they stop offering obamacare plans. that could mean higher premiums for everybody. we will deal with that in a moment. next hour, congressman joining us. strong words for president obama last time he was on the show. we we held here more of this from him? >> how about the president does

his job to protect america from all enemies foreign and domestic. ed knowledge that routed call islam is a problem. ♪ opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right

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the company says the affordable care act. we have gerri willis all over this one. we may pull out on health exchanges next year. what happens then? we launch $500 million. we do not want to do that again. not clear if they actually will pull out. look out what would happen. what you need to know about united healthcare. right by revenues. also on the exchanges, they are offering some of the cheapest plans available. if you look at those counties where they are the lowest cost provider, what you find will happen if they do pull out. monthly cost for consumers will go up. you will pay an extra 26 -- >> for the premium? >> yes. if you are in your 60s, up $63

a month. the total take here is about 10%. 6% for people that are getting subsidies. 19% for those paying themselves. big increases in costs. i have not even addressed the idea of whether the insurers will fallout. here is what will happen in the big picture. united will pull out. you have to cover those folks. they would have to pull out more dough. it becomes more expensive. >> their premiums go up, too. thank you so much for joining us. a brand-new rule that would require nonprofit political groups and nonprofits to collect social security number of anyone who donates more than $250. talking about identity theft and privacy issues. talking about the head of a tea party group.

the "new york times" wants to take your guns away. we have chuck carlson coming up on that next hour. we are back in three minutes. do not go away. ♪

>> telling that terror story how it really is. what a shame that we have to go to a foreign politician for a speech on the evil islamic terror. we heard it, but from a british socialists. listen to this. "we know what they are doing. can we really stand aside and refused to act on our own self defense. we are faced by fascists. they believe they are superior to everyone of us. they hold us in contempt. they hold our values in contempt. what we know about fascists is that they need to be defeated here and that is the speech of a leader telling it how it is. a leading member of britain's

labour party. a very rough equivalent of the democrat. what a difference. what they are saying here. president obama has very reluctantly egg knowledge terror. refuses to link it with its source. attorney general lynch says her biggest fear is a backlash against muslims. wanting to confiscate some of our drones. the clarity of a british socialists in the dividend pacitti of americans democrats. all our own fault. the reaction was dramatic. the left changed sides. voting in support. an aggressive new campaign against isis. a nation which tuned in to see what we would do about terror in our own backyard so i another c.

maybe fiancé visa over foreign. who would have thought we would hear the brit eager brick eager to go get them and an american president asking us to be nice. ♪ >> here is another big story of the day. down for the dow industrials. the dow is now negative for the year. what is going on. the price of oil plunged. that is accurate. oil is plunging today. it almost hit the $37 per barrel level. green mountain. maybe going private. offering $92 a share. nearly $14 billion. it is up 73%. back to my take.

president obama. the third time in his presidency. welcome to the program. >> thank you. >> good to have you in new york. why did the president last night not identify clearly the ideology. >> it was since 2009. the seventh year of the mandate. if he is going to come right now, what is known in the world, this will look at the alliances he has established. also, who is now controlling the leadership of the muslim community here. >> hold on a second. has a strong relationship with the muslim brotherhood in egypt? >> during the rule in tunisia,

not just good relationships, we partner with them. he would have to say i was wrong. i do not think he wants to do that. stuart: what about his relationships with extremists in the united states. >> let's make a distinction. they are terrorists. they are on our list. the groups identify with muslim brotherhood. yes, they have been seen at the state department. the white house. the problem for the president is to recognize that. >> you are confusing me here. he cannot identify it as islamic terror. it is political. his advisor has said you need to be partnering with those soft islam is.

they will head to al qaeda. >> some of them are moving. a chunk of them moved. another one to isis. >> what about his relationships on the international stage with arab nations? does he not have a coalition that will do something about isis? >> i will call on five arab leaders to come to washington and work with five arab armies. they could be with isis. stuart: why? >> there is iranian deal. >> a are shia as opposed to the shooting muslim arabs and saudia arabia and elsewhere. we cannot have an alliance with

armies. dealing with iran. >> i was warning about an iranian deal. stuart: where do we go from here? >> we are going nowhere. >> not for a year. >> hangs for being on a show. you did point something out to us. extraordinary complexity. they are paralyzing as it seems. what comes with that. iran backs assets. we cannot do much about iraq. the government is back i the iranians. the core of why we are paralyzed against isis, believe it or not. >> that is extraordinary. i am glad you are on the set with me today. >> congressmen. republican. texas. some very strong words for

president obama the last time he was on the show. he is back with more. zhudi, the male shooter -- syed rizwan farook, the male shooter. jeff flock in san bernardino. exactly what did the father say? >> he is saying something very different than what syed rizwan farook mother is saying. living with a couple. he said that he knew about his son's radical views. agreeing with isis leader ideas for creating an islamic state. he said his son was "obsessed with israel." and essentially fighting against israel. that is very different than what we got from the mother. they were very combative in defending her. she has no idea about the plan

or any radical ideas that her son may have had. inside this place behind me. they found a certificate. a somewhat radical leaning organization in the u.s. stuart: you can live in the same house as to terrors are not observed weapons and ammunition, pipe bombs in the garage. >> this is a town townhall. this is not a big place behind me. and make some sense. >> i am taking you to a news conference. some of the vic dumbs of the shooting. the massacre speaking out. let's listen in briefly, please. >> local hospital. encouraged by their optimism and

their dedication to their profession. they have a tremendous group of employees, extremely talented. standing behind the scenes, protecting each one of us from the ravages a disease from injury. rarely recognize for that effort. they were there to receive training and to improve their skill sets to better protect the public that they serve. they are extremely dedicated in that love their profession. my heart goes out to my staff. they have suffered such tremendous loss. their families. they are friends. their brothers and sisters. gathered with us to mourn. a very difficult time. we appreciate the outpouring of love from the community. and for our staff that has come together to support each other. stuart: almost heartbreaking to

see it. some of the staff members at the disability center in san bernardino. the lady you see on the screen there, she was very much in tears just a moment ago. they heartbreaking press conference being held there now. i want to go back to what the president was saying last night. president obama made that presentation last night. the president i saw last night seemed, seemed tired. somewhat withdrawn. a little defeated. maybe you agree with that or not. that was my first impression looking at the president perform last night. i want to know if you, you watched, obviously, what's your reaction somewhat similar to mine? >> it was very similar. for many people, last night was the first time they saw the

president eight knowledge that this is a very real threat. okay. there is bad. then he takes issue with the way people respond to the threat. what we heard from the president last night was these rhetorical things. very successful politically. the optimistic themes of rising above in being hopeful. it is not resonating with people when they feel like there is a very real, valid and credible threat. this is where the president to me is not understanding and connecting with the people. people are not getting, people are not resonating. >> this eating his presidency. the wrong impression to use. nonetheless, in so many areas, the president's policy does not look good. real dispute now.

now this. terrorism in our own backyard. he does not come up with anything new. there is no strategy. >> a year ago, he said the same thing. many people said, okay, we will take your word. a year later, no progress. getting harder for people to reconcile. getting harder to sell this message of optimism. having fear not be a part of this. >> i think that he is hurting hillary. >> i would agree with that. helping donald trump tremendously. >> i am sorry i am not a time. >> of course. the irs want to know all about you. now they want nonprofit groups to start collecting social security numbers of their donors.

heading the two-party group that was targeted by the two-party group. she is on the show next. ♪

go and i

got stuart: the irs is proposing a new rule that would let on profits collect social security numbers making $250 or more on two-party organizations fighting this. you run, if trumping the two-party, is it not? this is only a suggestion. donating to 50 or more. for me the 5 o 1 c 4. i do not even have to turn in the names of the owners. all churches. rotary clubs. harding clubs. just regular education kinds of clubs.

i will tell you what will happen. this will scare donors. they do not trust the irs to keep this information confidential. i think the security, when you look at these nonprofits, a lot of them are volunteer groups. how will they keep the social security numbers private and secure? it is taking away from the mission of doing the word a need to do. it will make a lot of red tape for them. >> the tax status for a nonprofit. is it reasonable to ask if you want to, you can give us a name. the social security numbers of these donors. it seems reasonable. >> it seems ridiculous to me. the irs already has that information. if they have your name, they can look up the social security. they do not need to rely on the organization itself to collect this information.

>> i am sorry. i misunderstood. if we do not have to -- we don't have to because we are a 5 o 1 c 4. there are a few organizations that give some names. >> another intrusion. they want to know exactly who is giving what and to whom. >> i am concerned. they are not the politically correct thing right now. if they have the names and social's on all of these people, this could be a very dangerous situation. stuart: the "new york times" ran an editorial on the front page on saturday. it says we should be confiscating some guns from americans who own that particular type of gun. i can see you just jumping up and down a little. what do you make of that? >> i am shocked and i appreciate your commentary on this earlier

in the hour. this is one of the reasons. our rights are being stripped away from our own governments. they will fight for our right. this is not right. it is confiscation of our guns. we have the right to defend ourselves. i just cannot even believe we are having this conversation. i would like to see it made. though official policy. period let's see how people vote. >> i want to thank you and congratulate you on your citizenship. it is such an honor to have you here. thank you for making it through. stuart: you are very kind. thank you. more on this. the "new york times" says some guns should be confiscated. we are watching the gun stocks. smith & wesson. they are both up, by the way. we will deal with gun demand after the break. ♪

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check the gunmakers, please. by the way, amg capital president hillary kramer is here. look at those gun stocks. we will take the guns off here. up go the gun stocks. are they a good by? >> they will continue to go up. the real opportunity to meet are the retailers. cabell is. disneyland. >> a gigantic operation. an incredible brand. >> they have been exploring strategic alternatives. there is $1.5 billion of real estate. 5 billion credit card business. the whole market cap is only 3.4 billion. a great company for any investor to on. it has really struggled in the retail environment.

kind of secondary to what it does. >> dons will continue to be bought by everyone. it is a second amendment right. >> mayor of new york city. he wants the pension funds of the police and firefighters. he will divest their holdings of gun stocks. >> it is unconstitutional. he has no right to do that. the company like smith & wesson up. he has no right to go there. that is all he has to say on the matter. >> the price of oil just hit. the dow industrials are down almost 200 points. that is happening right now. >> up 100%. stuart: oil bounces up 38. what a day. >> what a newsday. president obama lays out his strategy for dealing with isis.

he still will not say islamic terrorism. congressmen, critic of the president joins us next. the nsa wiretap investigation not helping the san bernardino shooters. just a volatile know after the break. ♪

♪

. stuart: going to look at this, please. the dow jones average is down

over 200 points. why is that? it's plunging because oil is plunging. we're now at $37 a barrel, 37.94 to be precise. that puts oil down more than $2 a barrel. 5% down, that is a plunge. steve moore is with us. he's with the committee to unleash prosperity. now, i've got to know about the price of oil here. i as a driver, as a motorist, i'm cheering it on. i'm going to say i'm going to get cheap gas, and i like it, and serve going to benefit from this. but something that tells me when you've got a plunge like this, it's not all good news for the economy. spell it out, steve. >> hey, stuart, great to be with you, by the way. i paid $1.89 a gallon yesterday, and i was smiling all day at the pump. and i think most americans obviously are big beneficiaries of this. look, every time -- here's a little statistic for you, stuart. every time that gasoline price drops by one penny at the gas pump, it puts another billion and a half dollars into the

hands of consumer. so that's good for other retailers and other people to sell things. by the way, i have to get this up on this issue. all of these people talk about subtle science, all of these global warming people said a few years ago it was subtle science that america is running out of oil, we're not running out, we're running into it a big time and that's a big problem, the world is a wash in oil. and then the question of course is why is the stock market dropping? this is a bit. my opinion is on this that in the short-term it drops -- it drives the oil stocks way down. but i think in the long run, look, if we have $30 -- 35, $40 a barrel oil, that is new jersey american manufacturing, good for our transportation sector, good for our technology, every other industry benefits because of course energy is central to everything we produce. stuart: but there are some countries in this world that will be bankrupted by this.

>> well, by the way, those are the countries we don't like too much. . stuart: do? stuart: right. a big country like russia can't pay its debts because of oil, i don't know if that's going to happen, it's a possibility, venezuela is in the tank, iran isn't looking good with these prices. >> yeah. stuart: go around the world and the affect of sharpen lower oil prices will be felt on our domestic economy, and it's a negative, isn't it? >> no. no. i don't think it is a negative. i think it is a big, big positive. that's my point. and, by the way, think about those countries that you just mentioned, russia, iran, venezuela, the opec conditions, could this happen to a nicer group of people? these are the countries that are hating us and, by the way, we know this as a fact that isis gets anywhere -- you know, millions of dollars a year -- about half a billion dollars a year from petrodollars. so as the price of oil comes down, that helps defund the terrorists. so i see this as a long term

of the positive story, short-term those people in the energy markets are really getting killed. stuart: i like a dollar 50 gas, will you join me in that? >> i'm old enough to remember when it was 89 cents a gallon . stuart: when i first came to america, i remember gas wars, one corner it was 25 cents a gallon and the other corner 24 cents, and we were tanking up to a buck and a half. all right, steve moore, thank you very much indeed. texas republican congressman said this. >> how about instead if the president does his job to protect americans from all enemies foreign and domestic get his head out of the hole of wherever it is and acknowledge that radical islam is a problem. stuart: that's what the congressman said before and the president spoke again last

night and congressman is back this morning. shaking your head, is that your reaction to the president's speech last night? >> well, that's a minimalist reaction, stuart, because here it is advocating more gun control laws when his administration, seven years now right at it, his administration has never reached the level of prosecutions of gun laws that bush did his last five years. has not. and then in 2013 those prosecutions declined even worse 2014 fewer prosecutions, 2015 a record low for this administration. and so he's out asking for more gun laws when he's not even enforcing the ones he has and 72 of his own department of homeland security employees are on the no fly list. earlier should cleanup his house before he starts taking everything out of the rest of

our houses. stuart: well, "the new york times" put out an editorial on the front page, first time since 1950, came on a saturday and they're sailing we want gun control and, in fact, went further and said some weapons now in the hands of americans should be taken off them. it was with. >> americans realize this administration is not protecting them and, in fact, stuart, if you've seen the january 29th, 1961 speech by john f kennedy where he said today we need a nation of minutemen. citizens who are not only prepared to take up arms but citizens who regard the preservation of freedom is a basic purpose of their daily life and who are willing to consciously work and sacrifice that freedom because of liberty, the cause of america cannot cannot succeed without any other. stuart: that was john kennedy?

>> that was john kennedy 1961. obama might want to compare himself to kennedy. he is at the farthest end of the spectrum from kennedy. kennedy is encouraging people to be self relyient and kennedy was encouraging to get the bad guys off the street. this administration, fewer prosecutions, problems within his own administration and they're the problems. you know, the muslim brotherhood publication in december of 2012 had a great article in egyptian paper talking about six of obama's top advisors are muslim brothers and, you know, i get criticized for bringing that up but the muslim brotherhood are the ones bragging about having the top advisors to the president. it's only that kind of advisor that would tell him to come out after christians, jews, particularly were singled out at a christmas party in san bernardino and say we've

got to protect the muslims. stuart: he wouldn't call it a christmas party. the president called it a holiday party. >> yeah, he calls his a holiday tree. our new speaker paul ryan called it a christmas tree at the capital. he can call it what he wants to at the white house. stuart: thanks for being with us again. >> thank you. great to be with you, stuart? stuart: yes, sir. authorities investigating the sa access to syed farook and tashfeen malik phone records thanks to a new law that took place before the shooting. the associated press now says investigators are unable to access everything they need. touchy suspect for judge andrew napolitano. >> absolutely incorrect. absolutely and profoundly incorrect. stuart: well, first of all, let me tell our viewers what they said. >> yes. stuart: they said the fbi can only go back two years for phone records, they can't go back five years that they

wanted because of this new law. now you're biting your tongue, i know. my point would be after the fact i want to roll up that network, i want to see who spoke to whom and when and now i can't. >> first of all, the new law does not regulate the fbi. it only regulates the nsa. stuart: the fbi can't get the numbers. they can't get the numbers. >> they can go to any judge and get the search warrant. judge, here's the guy who just killed 14 people, get me the records of everybody he called and who everybody called this number for however long those exist. and if the phone company doesn't have the records, i want the computers, i'll extract the computers. the associated press or whoever wrote that story saying the fbi's hands are tired is absolutely ignorant of the laws that exist.

stuart: so if we obey the laws, there's no problem getting all the records we need to go after. >> precisely. the purpose of the fourth amendment is twofold. one from protecting the people from having their papers and houses -- i'm quoting the amendment, rummage through. the other is to force the government on people about whom they have suspicion. stuart: i'm sorry to interrupt you but, look, i commit a terrorist act. the authorities want my phone records. fine. they get the records. then they find that i've spoken to 15 different people in the last week. a you need a separate warrant to go each of those 15 people? >> yes. and there isn't a judge in the country who would decline. in your hypothetically to get

all of those, not only the 15 but the people they called as well. stuart: as long as i want. >> as long as you do it with a warrant and what i said without getting too into the weeds, the associated press really has done a disservice by misleading people, the patriot act and the freedom act regulate the nsa. they do not affect the fbi. some stuff in the patriot act about the fbi noncriminal investigations not necessary to discuss here. but the fbi's ability to get search warrants under the fourth amendment cannot be tampered with. stuart: and it's easy to get the warrant? >> i gave warrants at 3:00 in the morning from my home and a colleague gave 3:00 saturday fran a motorcycle as long as are the adequate information is presented to you, you can handwrite a warrant on a piece of paper and then finalize the documents the next day. stuart: and there are judges on call to do this? >> 24/7, 365. stuart: i think you've answered all relevant and valid questions. >> i'm happy to get that

approval. stuart: and i'm satisfied with your response. >> thank you, mr. varney. stuart: all right, judge, thanks a lot. appreciate it. by the way, the judge will be sitting in with charles payne tonight, making money -- you going to rename it? something about the constitution should be in there i think. judge, i'll see you at 6:00 tonight. >> very, very interesting show. about about the things you and i were just talking about, how far can they go, james and i the heath cia are going to go tow to tow on this. stuart: what's the argument? there is no argument. >> we'll find one to disagree on. stuart: james good man. >> james, yes. you promoted him. stuart: from the new york times the gun epidemic, that's the title, says americans who own some guns should give them up, they're talking conmore on that in a moment

>> i'm nicole petallides with your fox business brief. right now the dow jones industrial average down 156 points, off the lows today but certainly kicking off some of the gains we saw on friday, on friday we gained 370 points, the s&p down 19, the nasdaq down 40 and a lot of this is what we're seeing with oil. oil hovering around $38 right now, 38.09 down nearly 5% and with that we're seeing energy stocks under pressure. exxon and chevron on the down but some of the others, the

resources you can see many of these names are down 5%. and as oil plunges, well, airlines are doing very well. you understand that inverts relationship, oil goes down, airlines sore, the airlines index hitting the highest level since january, many of these names are up about 2%. the gun stocks are rallying and everything we've been seeing in the week of all the terrorism seems to be doing very well where is my hotel? où est...mon...hotel? we have a reservation. nous avons une...reservation. my wife needs new shoes. mon... preparing to travel can get complicated. switching your wireless service can be easy. just visit your at&t store and see. can i help you? oui. i mean, yes. it's this easy. they'll explain your options, answer questions. and that's how you shoot a panorama. magnifique. and right now, get three hundred dollars in credits for every line you switch. i can transfer contacts and photos, too.

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stuart: now, the low on the price of oil earlier too was 37.88, it has bounced back a little but that plunge in the price of oil has stain the stock market with it. we are we were down 200 on the dow, now down about 160. very different from this particular stock that we're naming now. green mountain may be going private. a group of private investors is offering 14 billion, $92 a share for that company. closed friday at 51. now, that's a premium to die for, is it not? for the first time in five years, "the new york times" ran an editorial on the page called the gun epidemic, fox and friends weekend cohost and first time on "varney & company," i think that's true, isn't it? >> yes, it is. stuart: it will not be the last. >> i wish our viewerrers could see how much of the scripts you make up on the fly. stuart: don't tell them i make things up. >> it's hard. stuart: "the new york times"

says some of you people out there who may have some of these weapons. >> right. stuart: you've got to give them up. that's. >> they hate middle merkel, they hate rural america, they hate the culture. the key to editorial is that they didn't propose a single specific law, they didn't name a specific single gun or cartridge because they know there is no specific gun control law that has a track record of reducing gun violence. there isn't shotgun why aren't they honest and say guns aren't the problem so let's get rid of all guns. >> well, that's the only way gun control works. stuart: yes. >> literally no one knows exactly for sure but there are at least 300 million firearms in the united states, maybe more than that. to get rid of all the guns, you would by definition cause a civil war tomorrow, and and nobody wants that.

you can't confiscate them, so it makes people feel concerne. stuart: no, it distracts attention from the real issue. >> right. stuart: which is terror in our own backyard. >> that's right. stuart: we're not going to do anything about that. so the first thing that the left does is say okay. well, we've got another issue. think about this. gun control. mass killings. >> that's right. stuart: this is what we need, get your guns out. that may be a winning political issue. >> well, they don't to face up to the consequences of their own pole of. you've got the obama administration, they know nothing about background and she turns out to be jihadi. you don't see the times editorializing about that, you don't see when these mentally ill shooters kill people in shopping malls, may be institutionalized and b there were charges for that. stuart: there are times i worry about the state of america, i really do and looking at the president last night, i was very worried. >> i don't think there's a single person over 40 who lived in this country who isn't worried, who isn't really deeply worried, and i

think gun sales are a reflection of that, they're at their highest point ever, the rush on people to get property of other countries, it's very distressing, nothing like this has happened i don't think in 15 years, the company feels fractured. stuart: you keep coming up with stuff like this, and you might come back on this program. >> i would love it. stuart: you would? >> i want to learn how to read scripts like that. that was really -- someone who reads scripts, i'm impressed. stuart: and, by the way, flattery is the mother's milk of television. thank you. and this. the antiimmigrant party in france doing remarkably well in the election held there since the paris attacks. liz, how well -- liz: they're shocking, they won six of the country's 13 regions, they are the most powerful voting block right now. marine governing the national front party. this is a first test have

public opinion in france since the fatal november 13 terrorist attacks in paris and also this is the best -- they notched up their best results since the party was founded in 1972. stuart: this is a massive swing. liz: yes,. stuart: away from the socialists and away from center right party, a swing. away. liz: yeah, now they're the strongest political force in france. stuart: what did the german guy. liz: said this is a wake-up call all across europe. stuart: whoa. yes, it is. liz, thank you very much. a dental technician leaves his son an item connected to one of the most powerful men in history. jamie colby, host of strange inheritance, she has the story of winston churchill's denchers. >> he would put them under his spieth flick them across the rom mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone.

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stuart: this just breaking from the pentagon. the islamic state top leader in libya was killed in a november air strike. that has just been announced. top leader islamic state libya done dead according to the pentagon. and a new episode of strange inheritance tonight, this time jamie colby speaks to the son

who is responsible for keeping churchill's denchers alive. >> he would take his spieth flip them across the room and my father said he could tell how well the war was going for how far across the room they went. things were bad when they hit the wall. stuart: what was the inheritance? the denchers? >> the denchers. his dad worked for a very famous dentist dr. fish, and he learned how to make a special dencher that actually went to auction for winstona cid when they were being fitted because there they are. there was only radio at the time and during the war we had unprecedented access where he would give these speeches, and he wanted to have the lisp so everyone would know it was churchill so these are the theta saved the war.

and it's unbelievable, there's one set in this museum and then another set that went to auction. i have to tell you of all the episodes we've done, the characters that make up this story are so interesting and so amazing that when i first heard we were going to talk about denchers i thought that's bizarre. but they were very important to winston churchill, and he was very important to people taking comfort during the war . stuart: and they had to know which was him, he had to have the lisp, he had to keep the lisp so everyone knew on the radio that's winston. >> and so important to winston churchill hill he tore up the draft papers so nigel, the son who i met tells me when we went to the uk to do this, winston churchill probably saved his father's life by his father not having to go to war. stuart: one thing -- >> just one? . stuart: yeah, that's it. you've got special access to winston churchill's private place during the war, did you say something about the arms

of the chair were rutted with what? >> well, not only did he flick the denchers across the room when the war was going bad in front of everybody there, but i got to sit in winston churchill's actual chair in the war room behind the glass because a lot of people got to visit the war rooms and one side has grooves from his ring which he dug in, the other from the fingernails. but i don't want to give it all away, we learn a lot about churchill and we have more about toy soldier, if your mom through away the toy soldier, and every guy in the building said way weight until you see this. stuart: both episodes tonight starting at 9:00, 9:30 on the fox business network. jamie colby. more varney after this ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on

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stuart: it has been a remarkable day in the financial markets thus far, down 130 on the dow now, we were down just over 200 points and the reason is this.

the plunge in the price of oil. at least that's the main reason that i can think of thus far today. oil plunging, same story with stocks. my time is up. neil, it's yours. neil: all right. thank you very much, stuart, we're following that oil situation too because this has a pervasive affect. not too long ago we were up to $37 a barrel, regardless 37 something, 38 something, you're looking added seven-year lows and really tanking the entire energy sector, anything that has to do with energy sector, they're down about 13, 14% respectively, others are following suit here with the belief that opec ramping production may be killing off the fracking production, they have nowhere to go but down, some reading this might be a sign we have a global recession on our hands and the middle of that the federal reserve could complicate things by raising rights. it's hard to say this is