>> nicole: breaking news this morning. one person is dead, after a driver plows into pedestrians. >> jo ling: donald trump on the attack again calling hillary clinton a liar. >> she made it up. >> nicole: turning to u.s. stock market, the dow jones industrial lowest since october, futures this morning are looking a little higher, # 35 points higher and the s&p looking up about 17.

>> record debut for the force awakens. >> we're home. >> new star wars movies smashes box office records $238 million. >> nicole: everybody loves chuy. welcome to fbn:am, your first look at the latest markets and breaking news and what to expect on your day ahead. >> six people are in critical condition. >> initial reports had come out that there was gunshots, that is not true. there was no gunshots up here.

it wasn't an act of terrorism. that we know. >> authorities say that a three-year-old child in her vehicle luckily not hurt. >> nicole: republican front runner slamming rival hillary clinton calling her a liar. this after clinton claimed isis uses video to recruit new members. >> she just made it up. but just like bernie sanders lied. he went out and said things that never took place. i didn't say that about mexicans. i have great relationships with the hispanics, i didn't say what he said. they make up things in the world of politics. they're all talking and no action, they're politicians. >> nicole: trump posting a tweet. hillary clinton lied when isis uses a video as a recruiting

tool. false. >> not refer to go a specific video, he's been used in social media by isis as propaganda. this is what they do, they monitor isis on social media and they monitor other terrorist groups on social media and they have said that they are using him in social media as propaganda. nick mick make sure to mark your calendar for the next fox business republican debate. thursday, january 13th right here on the fox business network. don't miss it. >> new hampshire closing all schools in the city after a threat of violence directed towards two high schools. police administrator received an e-mail yesterday. a similar threat shut down schools in los angeles last

week. >> nicole: new developments into the investigation of the san bernardino terror attack. enrique márquez, set for his second court appearance today, he's charged with conspire to go provide material support to terrorists in 2011-2012 and charged with charging the rifle and he faces up to 35 years in prison if convicted of all the charges. >> police have also detained one person for questioning, authorities say investigators are still trying to establish what connection they may have to last month's deadly attacks in the french capital. >> breaking this morning, president obama giving a year-end interview with mpr, topics ranges from isis to the legacy that he will leave behind.

the president telling that he stands behind statements and domestic terrorists are bigger threats than islamic terrorists. >> if you look at the numbers, then nonislamic, nonforeign motivated terrorist actions have killed at least as many americans on american soil as those who were promoted by jihaddist. >> nicole: the majority of americans, 58% think the president is not prepared to do whatever it takes to fight islamist extremist. all right, stocks plunge on friday, it was expiration, so what can we expect for the rest of this year, 2615 is coming.

chief economist joins us now by telephone. steve we dropped and bouncing back some, volatility seems to be the name of the game, but what are investors supposed to be thinking after we got the rate hike? >> steve: that's a very good question. janet yellen said she wasn't going to allow growth to accelerate and an environment where corporations don't have pricing power, you are capping out corporate profitability, and corporate profitability hasn't been that good. she's not setting a good positive tone going into the early part of 2016 and that's the unfortunate part. that's kind of overvalued at this point. >> we've got the national average of gas falling to 2 bucks of gallon, is it too late to be optimistic for a so-called santa rally?

>> steve: she proved that she's more of a grinch than santa claus. >> nicole: 34 handle and some of these banks are exposed to the highly leveraged energy company. can you tell us about the financial sector. a lot of people are investing in financials which are supposed to go higher when rates go higher. >> i think what you have to be careful is which space you want to be involved in. >> nicole: which one you want to be involved in? >> steve: some of the regional banks that have a substantial exposure to that particular patch, the energy patch, that was one of the areas where the regional bank was suppose to extend, they have been restructuring loans for over a year, the move below forty

dollars a barrel, opening up 30 is a real possibility which is another 30% decline is a problem for them. i think it is going to cause them to have to reserve against the islams which are going to crimp their profitability and equity values. >> what would you advise investors to do, a lot of nervousness with the sharp drop and vol al tillty nicole mentioned. should we hold tight and we allocate portfolios? >> steve: a lot of people are not terribly exposed. defensive trades are the more likely to be proved to be better performers in 2016 as they intended to prove to be as we are ended 2015 as well. grabbing dividend paying stocks, grabbing the basic defensives,

utilities, getting involved with some of the consumer staples, those are the areas where you want to focus in 2016. thanks for coming with us and enjoy your input very much. we will be waiting on a lot of economic reports. thanks, steve. >> steve: thank you. >> apple ceo sended off tough questions on 60 minutes last night. cook asked about accusations that she moved business overseas to avoid paying tax code. >> this is a tax code, charlie that was made for the industrial age, not the digital, it's backwards, it's awful for america. it should have been fixed many years ago. it's past time to get it done. >> cook said there's nothing to

charge to avoid paying taxes. nothing to the charges, i should say, that apple has a scheme to avoid paying taxes. >> that is total political crap. there's no truth behind it. apple pays every tax dollar we owe. >> in profit last quarter and two-thirds of its business is overseas. >> nicole: right, the stock is in bear market territory. people are not happy about that. toshiba fell almost 10% in seven months, 4 billion-dollar loss. loss is related to accounting scandals, layoffs of business units, it will discloses plans to restructure the money as early as today. >> big news on the economy last week when the fed raised interest rates. we have economic reports.

tomorrow we will have the third and final reading of third quarter gdp. the number may fall from earlier estimates. also tuesday existing home sales, durable goods, personal income and new home sales. thursday the weekly report will be released. >> nicole: and we are closed on friday, christmas. cyberspace gaining access to the control system of a small damn less than 20 miles from new york city two years ago. and u.s. probes, complaints there, regulators investigating complaints about laboratory and research practices at the blood-testing start-up company. a new chapter in saga. controls viacom and cbs.

>> the force has awakened. >> i have it. my sister hasn't. >> the new star wars film shattered box office and franchise records. we will have details of the space saga opening weekend. and in sports a nasty gain but the panthers remain undefeated. we will have the highlights from all the action. you're -- you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪

>> there are stories about what would happen. >> that's true.

all of it. >> lori: oh, yes, all of it is true including those box office records, did you see it? everyone saw it. probably saw it twice. blue past the competition. keep in mind all of the numbers are in today's dollars. the original star wars trio, the most at 54 million. now the prequals, revenge brought in 131 million in opening weekend. that's still $100 million short of the force awakens. passes jurassic world. that was 2,008,000,000. here is how the rest of the top five played out. alvin and the chimpmunks.

17million worldwide. >> nicole: my kid saw a lot of those. let's take a look now at the world of sports. the cardinals beat the philadelphia eagles. the win gives the cardinals nfc west crown with 12 and 2 record. the cardinals can clinch a first round with a win against the packers and can grab the first seed if they win out and the panthers lose the first game. they remain absolutely perfect. win did not come easy, they held off the new york giants record tieing 28-point comeback. beckham was penalized three

times for roughens including helmet-to helmet hit. he could potentially face fines. after the first half of the play, but the steelers rally for 8-24 victory. he threw for 380 yards and three touchdowns. this is the second game in a row that the broncos have not scored a single point in the second half of play. that's sports for you. >> lori: there you go. exciting stuff. donald trump fires back at hillary clinton's claim that isis is using him as a recruiting tool. >> they make up in the -- things in the world of politics. they're all talking and no action. >> lori: apple ceo tim cook calls notion that the company is

avoiding taxes is crap. dow giving up more than 600 points in the last two sessions. >> nicole: 150 points to the upside a time ago. >> lori: you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪

>> lori: breaking news, one person death after driver plows in las vegas. >> nicole: donald trump on the attack once again calling hillary clinton a liar. >> she just made it up. just like bernie sanders lied. >> lori: record debut for the force awakens. >> we're home. >> lori: that scene brought tears to my ice. $238million. >> nicole: and in sports the battle of the birds. cardinals top the eagles in sunday night football and the carolina panthers battle through

some nasty play to remain perfect. >> lori: welcome to you're watching fbn:am, first look at morning markets and breaking news and what to expect on your day ahead. >> nicole: donald trump slamming democratic rival hillary clinton calling her a liar, this after clinton claimed isis used video of trump to recruit new members. >> just like bernie sanders lied. i didn't say that about mexicans. i have great relationships with the hispanics, i didn't say what he said. they make up things in the world of politics. they're all talk and no action. they're politicians. >> nicole: clinton's communications director defending the comments by her boss. >> he's being used in social media by isis at propaganda international group which

monitors, this is what they do. they monitor isis on social media, they monitor other terrorist groups on social media to see what they are using and they have said that they are using him as propaganda. >> nicole: get a pencil, get out your phone, mark your calendar, on thursday january 14th right here on the fox business network. >> all >> lori: closing all schools in new hampshire after direct violence directed to two high schools. police administrator received a e-mail threat and state and federal agency are working to determine the credibility of that threat. >> nicole: former president jimmy carter sharing brief over his grandson's sudden death. mr. carter made the announcement. 28-year-old carter had not been

feeling well, took a nap on saturday but his heart stopped shortly afterwards just two weeks the 91-year-old former president of the united states, announced at the same church that he was cancer free after treatments that he was taking for cancer. >> lori: that's too bad. wishing them all well. officials saying more than 90 people missing after the landslide, happened in the chinese city. the areas reportedly covered with 20 feet of mud. the landslide happened when a mountain of oil and other construction waste became unstable. >> nicole: before you head out the door let's get a look at your monday morning forecast with fox meteorologist maria molina. good morning, maria. >> maria: hello, everyone, we are tracking two storm systems, one of them is pushing across the midwest today and bringing in rain across states like

indiana and illinois. so pretty active pattern, but as you head further west wife a system in the west, but the higher elevations are going to get with snow, many areas expecting to see more than 2 feet of snow including places like the washington cascades and down to the california sierra, rockies, colorado and utah, very heavy-mountain snow. there will be a flash flood threat specially in parts of northern california. the temperatures across the u.s. have been mild for many weeks now and that continues, in chicago 50-degrees for your high temperature today, you are going to be in the upper 40's in cleveland and in new york 54-degrees.

lori and nicole enjoy. we will take it. >> maria: you have to go out west. >> lori: thank you. >> nicole: we will have the latest on that. an epic fail at the miss university pageant as steve harvey crowns the wrong winner. what? we will have the details. dow are up about 150 points, you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪ with pas ♪ every dollar count. 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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you've always wanted during the winter event. hurry, offers end january 4th! >> nicole: latest space exflight was postponed over the weekend. flan launch of a falcón 9 rocket with 11 communications satellite was moved. it was 8:33 p.m. eastern time tonight on twitter spacex, said analysis showed ch considered a secondary environmental mission. pretty cool, right? >> lori: when it came time to announce the winner, host steve harvey mistakenly named miss colombia, he had to come back on stage and he made a mistake and the real winner was

miss phillipines. miss universe. >> lori: it got even worse. watch it be placed upon the head of miss flip pins, harvey did apologize and said it was his mistake. >> nicole: how does that happen, how does that happen. >> lori: trump is not running the pageant. >> nicole: it's good press for it. miss colombia is very, very upset i'm sure. >> lori: sympathy for her that will ultimately help her career. >> nicole: coming up donald

trump fires back at hick that isis is using him as a recruiting tool. >> they make up things in the world of politics. they are all talk and no action. they are politicians. >> nicole: we have the latest of the campaign trail. political, say it -- we will have the details. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪

>> nicole: breaking news this morning, one salesperson dead, dozens hurt after a driver plows into pedestrians on a sidewalk in las vegas. good morning, everybody, i'm nicole petallides. >> lori: great to be with you, nicole, i'm lori rothman. donald trump calling hillary clinton a liar. >> she made it up. just like bernie sanders lied. >> nicole: record debut for the force awakens. >> we're home. >> nicole: new star wars movie smashes box office.

we want to welcome you to fbn:am, first look at what's looking in today's markets and breaking news and what to expect on the day ahead. >> lori: a car plows into pedestrians, one person killed an dozens of others injured. six people in critical condition. >> initial reports had come out that there was gunshots. that's not true. there was no gunshots out here. second, we know that this was not an act of terrorism, we ruled that out. those are two things we know. >> lori: we also know details, the accident happened near planet hollywood. the driver is being held in the clark county jail. a 3-year-old inside her vehicle was not hurt. >> nicole: donald trump slamming democratic rival hillary clinton calling her a liar, this after

clinton claimed isis uses videos of donald trump to recruit new members. >> she made it up just like bernie sanders lied. she went out and said things that never took place. i never said anything about mexicanses, i have great relationship with the hispanics. they make up things in the world of politics. they're all talk and no action, they're politicians. >> nicole: meanwhile clinton's defended. >> they have said that they are using him in social media as propaganda. >> nicole: put it in your calendar, today mark your calendar for the next republican

debate thursday, january 14th, right here on the fox business network. >> lori: massive landslide in china. 90 people are missing. it happened in the southern chinese city, now this area covered. you can see up to 20 feet of mud. authorities say initial investigation show the landslide happened when a mountain soil cement chunks became unstable. >> nicole: closing all schools in the city after a threat of violence directed towards new hampshire. state and federal agencies are now working to determine the credibility of that threat. >> lori: new developments of the san bernardino terror attack, enrique mark, the man who bought the assault rifles set for

second court appearance today. he's charged with conspiring material support to terrorists. márquez is also charged with illegally buying the riffles as well as visa fraud stiming from his marriage tui russian woman. he faces up to 35 years in prison if convicted of all these charges. >> nicole: belgium authorities expected to reveal more of a house in brussels that may be linked to the paris attacks. authorities say investigators are still trying to establish what connection they may have to last month's deadly attacks in the french capital. >> lori: authorities are questioning four people after a does sish pus device was found in the room of a air france flight. the airline said the object was

analyzed and found to contain no explosives when all was said and done. >> nicole: president obama giving a wide-ranging year-end interview with mpr, the topics ranges from isis to the legacy that he will leave behind. the president telling steve that he stands behind his statement that domestic terrorists are bigger threats than islamic extremists. >> if you just look at the numbers, then, nonislamic, nonforeign motivated terrorist actions have killed at least as many americans on american soil as those who were promoted by jihaddist. >> nicole: comments coming as a fox news polls find the majority of americans, 58% think president obama is not prepared to do whatever it takes to fight islamic extremists.

>> lori: former president jimmy carter sharing brief over his grandson's sudden death. mr. carter made the announcement in georgia. 28-year-old carter took a snap but his heart stopped later. thoughts and prayers for the carter family. >> nicole: indeed. stocks causing all sectors, enthusiasm of long-waited increase of interest rates, we had that and now it's faded. what can we expect for the rest of the year. we bring in someone that knows who he's talking. gary, we saw selloff for two trading days and more than 600 points. futures are higher now. we know volatility is the name of the game, but what's going on? what do we think going forward?

>> gary: let's just preface everything. everything i say is going to be kind of on the negative side, people on the other side can find positive things, i just think there's more negative things going on. number one which often viewed as a positive is this collapse in oil, at some point you have to say, wow, maybe there's just not a lot of demand for oil out there which tells me the economies across the world are kind of weak. that and the recent manufacturing survey that came out from kansas city feds, the point is manufactureing indices whether you're looking at number of employees, orders, shipments, are all down, that's the second that tells me the economy is weak, if the economy is weak and it's going to affect the stock market.

>> lori: we have gdp coming out, you're expected a slow or continued at that. what would be the indicators? >> gary: i normally look at the three same kind of things. number one what is the labor force participation. that has been weak all along regardless of what the unemployment figures are. that's the number one thing to look at. number two, our -- are people making money? wages have been still kind of flat, almost ten years and number three is housing prices, i think there's still a lot of people under water certainly from 2007. i think housing is going to get weaker, that's going to make people feel a lot poorer and spend less. as far as -- yeah f we are talking about my market forecast, well, this morning looks great. i will give you that. i think it's going to leave a

lump of coal in peoples' stockings. >> nicole: first we are going to get income and spending numbers. wage growth has been minimal at that. big picture, though, what are we missing. we know that the feds are going to probably increase rates gradually maybe little bit by little bit. what are we missing here? we can see the numbers and we can see that they're not that great. >> gary: to me if you're looking at it objectively, we are not missing a whole lot. i guess it was donald said we don't know what we don't know. no one saw the internet coming. no one saw the collapse in oil prices coming. so what we don't know is what is the -- you know, the big event going to be for 2016. i don't know it. maybe it's something, maybe you know there's some new technology out there we don't know, maybe someone comes out and finds a

way for cars to run on no gasoline, i don't know, i think there's something out there, hopefully something good and then, you know, maybe can look back and say, boy, that gary was way to grayish. >> lori: give me a sense of what the asset allocation pie should looked like? are you putting more into cash, more into government treasury treasuryies, what do you think? >> gary: i'm about 50% invested. i think it sounds so old school because if people diversify a little bit into technology stocks, even into oil stocks as bad as they might be, international stocks, but again only with about 50% of your equity and then if we really, you know, if i am right and we go down 10-15% then start to

employ the rest of the cash. >> nicole: ten-year yield is up, for technology it was one of the worst performing sectors of last week. you liked the stock a couple of weeks ago, maybe you like it even better. as far as labor force participation rate, do you think it'll ever come back? the birthrate, you have to be fast here, it's not going to match up so we will never get back were? >> gary: since we are short on time, i have to say i agree with you. >> nicole: gary, fox news contributor, we thank you for you insight this morning. >> gary: you bet. >> lori: well, ceo tim cook was on last night, apple moved much of the business overseas to avoid paying taxes. cook blamed outdated tax code. >> this is a tax code, charlie, that was made for the industrial

age, not digital age. it's backwards, it's awful for america. it should have been fixed many years ago. it's past time to get it done. >> lori: no truth to congress, to the charges, there's no truth to the charges that apple schemes to avoid paying taseses. >> that's totally political crap. there's no truth behind it. apple pays every tax dollar we owe. >> lori: two-thirds of its business is overseas. >> nicole: just so you know, when we talk about bare market territory, 133 on february 23rd, yesterday, friday it closed at 106. that's a big loss there. we have big news on the economy that came last week when the federal reserve raised interest rates for the first time in ten years. we have economic reports that

are worth watching, we certainly do. third and if i believe reading of gdp. economists believe that the number may fall from earlier estimates. also out on tuesday a report on existing home sales. wednesday we will have on durable goods. so the -- those are the weekly numbers. friday the market is close. >> lori: busy week for a christmas week. here is a look at the headlines. iranian hackers infiltrated the new york damn, cyber of a small damn outside new york city. that happened two years ago. then there's this. the u.s. is probing fair, complaints to regulators investigating complaints about laboratory and resarnlg practices at the start-up company and then there's the headline, new chapter in saga.

her position in the media empire that controls viacom and cbs. >> nicole: another big there. coming up, the force awakens. >> i have it, my sister has it. >> nicole: the new stars wars chatters box office and franchise records, the space saga opening weekend. and in sports nasty game between carolina panthers and the new york giants but the panthers remain undefeated. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪

>> there are stories about what happened. >> troos true -- it's true, all of it. >> nicole: star wars the force awakens blew past the

competition and all of the previous titles as it raked in a cool $238 million. now keep in mind, all of these numbers are in today's dollars of the original star wars trio the return of the jet eye. brought in $131 million in opening weekend. that is still almost $100 million short of the force awakens. now the record weekend for star wars passes, jurassic world of 208 million. here are the rest of the top five played out this weekend. alvin and the chipmunks. followed by hunger games and creed. the force awakens also made $517 million worldwide.

my husband and two sons went overnight thursday into friday but my one son couldn't believe $18 for one ticket. so they're going to be making good bucks on this one. >> lori: i took my daughters, six and eight-year-olds, they were total bosses, movie lives up to its hype. horrible mistake last night at the miss universe pageant. when it came time to announce the winner, steve harvey mistakenly named miss colombia. the real winner is miss flip pins -- phillipines. >> i have to apologize. the first runner up is colombia. miss universe 2015 is

phillipines. >> lori: okay, they're both so gorgeous. it's going to be even better than it had gone smoothly. poor miss colombia had to suffer humiliation of having her crown removed and watch it placed upon miss phillipines. it was all his mistake. >> nicole: that's terrible. let's take a look at the world of sports. arizona cardinals beat the eagles on sunday night football. the win gives the cardinals afc crown. palmer added a passes td. the cardinals can clinch a first round by the packers and can grab first seed if they went out and the panthers lose two games.

speaking of carolina panthers, they remain perfect. the win did not come easy, they heldoff the new york giants, 28-point comeback by a score of 38-35. beckham, jr. and norman got vicious throughout the game. beckham was penlzed three times for roughens including this, watch it, helmet-to-helmet. >> lori: nasty. >> nicole: meanwhile the seattle seahawks have clinched their spot in the playoffs with 30-13 win over the browns. hot start with the browns but struggled later on. he ran into referee as he was trying to scramble and make a play. yikes. thowrt straight season that seattle makes its way to the playoffs.

>> lori: right back after this. stick around. ♪ ♪

>> nicole: let's take a look at u.s. stock index futures. after two days in selling, 600-point loss for the dow. s&p up 140 points. two weeks of selling for the dow, lost over 700 points during that time. actually closed at a two-month low.

some of the key players, we are watching apple, 20% off the high, closed friday, 106. oil under pressure once again this morning while gold is gaining. we are watching treasury yields as well. don't forget the 10-year yield has been up. we are also going to be watching for gdp and existing home sales, as far as earnings, this week we have earnings, we have looking at nike, those will be some of the movers and thursday we will get job claims. and for the next few hours you have maria bartiromo taking you through with the crew there and mornings with maria begin right now. >> maria: happy monday, everybody, i'm maria bartiromo. monday december 21, kickoff to a holiday short week this morning. anthony scaramucci and right now

we have breaking news of a car plowing into pedestrians on the las vegas strip last night killing one person, injuring 37 others, police are ruling outer risks but local authorities are claiming that the act may have been intentional. >> right now from what we know we are looking at it as possibly being intentional. >> maria: yeah t female driver turned herself in shortly after the tragedy. las vegas boulevard has been closed. donald trump with a commanding lead on the republican field. trump jumping 11 points since just last month and double -- doubling support. trump slamming hillary clinton with the claim that he has become isis's recruiting tool.