tv Cavuto Coast to Coast FOX Business December 24, 2015 12:00pm-2:01pm EST
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kernel all yours. merry christmas to everyone. even colonel. merry christmas charles. alert as we start "cavuto: coast to coast" not so merry out in chicago. protesters are getting underway again today. along the magnificent mile in chicago as people rush out to do their last minute shopping you say i've seen this somewhere before. filling in nor feel and jeff flock on the casino you did that was black friday. we may have instant replay of that today. these protests as jeff joins us from there now are not scheduled to start for about an hour rought, so i don't see a ton of people left behind you but logically you think people get their shopping done before protesters, shep, what's the deal ?fnlgt a lot of people out doing that very thing. if you look down and lauri can look down michigan avenue you have shoppers down here right now. that surprised me a lot of people connell not aware that this protest is coming. that is what could be a problem
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here today because you know, black friday is one thing it's the start of the shopping season. today it's the last day and your last opportunity to shop. so potentially you know all of these businesses you see along here were shutdown on black friday. yoim, you could potentially get some confrontations out here because we had some on black friday they never got physical, but you know, somebody who is frenzy, needs a christmas present, and there you go. [laughter] you have people saying sorry, you can't shop even though the shop is open. get out of the street here. there you go. potentially could be a problem and successful in shutting this street down this is the magnificent mile you see along here that was completely shutdown many of the stores shutdown we'll see if this happens begun but underway one hour it is time. connell. >> be care feral crossing the street jeff flock wait for the lings -- >> probably get killed.
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after everything with the hurricane and everything in your career. that would be a terrible way to go out. jeff flock will be become after the show. merry christmas all, geez. store manager thing about black friday as jeff was getting into. they did loose sales broadcasting love that day we u saw a confrontation jeff it never got violent. it never really did, but was heated and there were people standing out in front of stores blocking people from going in and sales were down. you ask maybe 20, 30% or more gop strategist joins us. richard let me start with you, idea of the protests i know from their point of view they say we want mayor out o. we want state attorney out. we want to mawk a upon the. make a point what about hurting the economy of your city is that a good idea? >> this is, obviously, a balance here. protest terse they see loved ones being shot and killed by the police no less without
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provocation same thing in minneapolis. so, obviously, i think there's something for them in some rpght respect but you reach the counterproductive when you are impeding congress. and -- black friday right. now ndz you run the rick of alienating people who would otherwise be sympathetic to your position so i think that's kind of the balance they're try -- i think it speaks to how frankly desperate they feel to get attention for their cause. they understand they're not stiewpgd. stupid they have to alienate people and going ahead anyway. yeah. do you think they hurt their cause? >> no question about it. and it's important in america to be able to speak our mind and voice concerns but when it's hurting business and number show 20% down black friday some show higher impact. if it is hurting business to that degree and city it is
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counterproductive. there's a better way to voice your opinion. >> on a different day you mean or vn jew and a what you're talking about? >> founding fathersings best way to voice your opinion displeasure is by voting. you see that over last several elections so that's the best way. as far as protests go it is important that their not violent. hope that remains the fact today. that they do there's more backlash against the protest. >> both of you represent different sides of the political spectrum into an election year for this one let me start with bars, on the republican side, if they are -- republican candidate whoever he or she is in general election is not able to turn out minority vote that candidate is in trouble. that's what numbers, analysis show. last time they did not do a very good job so pressure on the republicans do a better job connecting with the community. isn't there? >> absolutely last time around
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the they voted for president obama with 70% of votes hispanic and asian voters voted for president obama we need to turn that around. way you do it is by hitting on things that are received well across minorities and majorities across africa america, and what is that? that's my. we need to make sure what economy is strong. jobs, national security is extremely important. right now, something like terrorism. something national security is appealing to everybody no matter what background is. >> democrats then -- mention that because if you're hillary clinton or one of the other candidates who doesn't seem like they're on track to become president but running for it if you're bernie sanders boxed in too here from your five. o'o mallly went through this already when he least from democrats five slip up the all lives matter hurt him politically seems like. there's risk for them too.
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: press conference for his hijacked frankly he walked off the stage. hillary in contrast engaged black lives matter people but not frankly before cameras. but kind of in the quiet where people wrnght grand standing. ofng it's an issue we saw in that autopsy that republicans did after the 2012 election they knew they have to reach out to minorities. i would say if you're trying to step back to be october objective. people say -- in the rhetoric. is that true? in the debate of small government, low taxes, those are attractive to everybody no matter what their background is. and polls do show a lot of polls now donald trump who is our leader is beating hillary clinton in self polls across the
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electorate so last one that came the down 10 say for example are. >> saw around the debate that he was within 3s percentage point of her on top within the margin of error to beat in several polls. i don't think he's our nominee looking for chris christie who hit hard. >> one thing as a democrat, i pray that the message is come out of the republican party to hispanics, blacks, muslim and asians stay the psalm as they have over past several months. you know, it is just screaming to think that the party can overcome this way in which they're alienating people -- >>national security is the most important issue out there is gong to be a party. most likely wins let me finish someone like chris christie hit that hard in the last debate talked about his experience as u.s. attorney of governor, and make sure america is protected
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that's attractive to everybody no matters their background. chght making a run. happy holidays to boapt of you. we appreciate it. now yesterday a lot of people were watching minnesota, mall of america, and you know shopper, protests were there yesterday, and hoping shoppers come out today. there was a i guess you say unsuccessful attempt to shop protesters yesterday they headed off to the arpt for some time. attorney on whether the store is going to chicago or minnesota have any recourse when their business is disrupted on key date look this. troy. >> they could if they could show that the mall operator didn't attack reasonable precautions to protect them and to protect security at the mall then they could is a potential claim against the mall operator for interference with economic advantage. they may also have a claim against the black lives organize
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oars if they can show that the organizers took this action on purpose to disrupt businesses as well. >> they can sue the organization which is set up i guess as a nonprofit is that what they would do? >> they could, and a federal judge ruled it that three of the blacks matters organizers were specifically barred from even beginning to the mall of america. but looks look -- they wrnght allowed there so suing harder against individuals right just hypothetically. >> it would. but court has to strike a balance between the free speech rights of demonstrators, and the rights of the property owners and business owners. >> opposite of it might be interesting today with what yes, i have is following out in chicago, if a big say simon property group or just a big department store owns a store. say on the magnificent mile in chicago there in michigan avenue
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or inside the mall of america it is again a big mall owner what is that are responsibility and legal responsibility if they know that protest plan like today there's a protest plan to start in 50 minutes what's the responsibility of the business? >> well, any responsibility is -- reasonableness. think of to act reasonably to take reasonable caution. you know -- >> no contract tough to define. >> you know, it is average reasonable person. t.a.r.p. we learn that in law school it is taught single day in law schools around the country what would average reasonable person do, and you have a lawsuit for negligence if they fall below that standard of care. >> fern with a security guard what extra security or -- >> absolutely. if you know that people are going to be coming, if you have advanced media warning that this protest is going to happen, then you have to do exactly what it seems look mall of america did yesterday. they had a police response of over 200 officers.
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they made 12 arrests. there were officers in riot gear and the mat shutdown the mall for about an hour. so it seems like they did qhaftion reasonable and appropriate. >>i would think in chicago it would be the city. chicago pd will be there. so it doesn't fall as much on individual store operator, right to do sthung. hard to imagine a situation where someone will have a successful lawsuit one of these things is what i'm getting at. >> it would be tough especially if the police mac an appropriate response and it seems look the mall operator is doing everything that they could to ensure the free flow of commerce at that mall. all right troy thanks a lot. happy new year, happy holidays to you as well appreciate you coming on today. quick stock alert remember we have stocks ready on this christmas eve. let's look at fedex for a moment stock is down retailers talking about old retail they're warning shoppers that their packages
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might be delayed and blaming fedex for some of the problems so that seal seems to be hurting stock. in materials of pluckings we started how they're affecting rays and over and over you've heard hillary clinton is a lock to be the nominee but say something happens hypothetically she loses new hampshire to bernie sanners not too crazy. how does that affect her even if she's the nominee vulnerable in the scrn. we have new thoughts on that, coming up. and then later our city, new york is always own high alert this time of career. from the holiday, this year -- maybe it is heightened a little bit. we'll talk about that and extra precautions being taken to get set for u new yearings down the block in times square. cav know coast to coast in just a moment.
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>> well we were saying before the break that just about anybody will tell you hillary clinton is a lot to be the democratic nominee it does look that way been, but do thing change if bernie sangtders beats in new hampshire that's a distinct possibility in the daily call or news conference editor in chief joins us right now. 48 in the democratic poll the boston harold poll that is possible certainly that he wins there. people have been saying that but just about everywhere les. does what? >> hits in a dangerous place because hillary clinton shown she can lose control very easily. she loses new hampshire no longer invincible and trk to being unstop only is being unstoppable. so stay tuned we get stopped that narrative stop, worried rumors start to spread maybe that staff shakeup, and snow billions like --
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here's this difference barack obama is not running this time. it's just bernie sanders and o'malley it's a little bit of a different matchup to be fair when you're hillary clinton. you don't have somebody like obama who people were on that side of the aisle very excited about in a way. >> i don't think bernie sanders will clinch it from her sparling out of the home state but home territory and out of the northeast like in iowa few days before she's up ahead by 18 points and start to bring it together further to the south. what plays against her had is she gets rattled and she makes bachelor's degree decisions rattled and snowballed with e-mails that was a huge issue until debate started an kowl cause her had a lot of grief. >> a lot of grief doesn't mean she loses, as you lock at the iowa numbers where she's up. most likely one there, and many other states say after new hampshire as welg. a lot doesn't mean she loses nomination but once you get to
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the general damage good? ronald reagan played on repeat without anything other than vote reagan at the ends. if you get bernie sanders up there in the race because he gets momentum ahead by i think 6 points on average, in new hampshire -- he'll think he can win which had i don't think he can, and he's going to write republican ads for them and hurt her in the general. >> aside from an indictment which everybody, if she's indicted then she doesn't need to become the nominee or president who can beat realistically but the polls and people who bet on the prediction market, endorsement, everything if you're trump or rubio or cruz or jeb or somebody elsing who of those can realistically you say all right, this can do it and
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beat hillary clinton is it just rubio that's what some people think. >> across the board matchups rubio beats both her and sanders and trump beats sanders in some of the matchupses. rubio has the great -- no his job here is convince -- he has to convince the republicans in iowa and after that he's the number one establishment kawnt to beat out. >> i thought he would a surge, and something happened. what was it? >> he's another victim in the narrative in the last week been to four different it states, and people keep only o putting out article saying where is rubio what's he doing an that's the kind of thing he can lose control of the press leak anybody. two years ago they called savior in "times" magazine nothing else really changed but if he can pull ahead with the number one establishment candidate in iowa he can get donors to start abandoning jeb bush dropping this chris christie dream and
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coming around hem and that will be the thing to push him ahead and has him able to compete with trump but i think most worried right now it be ted cruz. he's the one who is bringing it out with him. >> if cruz and trump are still in the race and just rubio speculating maybe that's easy because they split votes on the nonestablishment wing or o no? >>not a lot of votes that donald trump or rubio but fall back on cruz. cruz has a surge because carson dropped out but losings and marco rubio will benefit from rounding up guys beneath him, and he's going to be -- come down to a choice between three and him and ted cruz still 60-40 if you look at it establishment versus nonestablishment be sure to tune in by the way i'm sure you will to the next republican debit on the fox business network 14th of
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january, with neil and company right here on fox business, now, the market is trading today, and it is close. during the show today very heavy responsibility we feel. "cavuto: coast to coast" team is bringing you to the close, what is exciting down 12 on the dow. could believe digits street and holiday shoppers rush out to get their last-minute gifts today. going to tell you how brick-and-mortar stores are holding up against online shop. you would think they're done but this week they're still doing it. more in a moment.
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there he is . >> a guy. i have to tell you inside the booment. >> there at a work today. let's see, so market is doing nothing because there's nobody there to trade stocks there are electronically because we want to get out of town but a good year to talk about where we've been. it's been interesting. >> i've already heard what time the trains are all leaving, they're planning on it. let's talk about winners and lose ergs of 2015. so right now dow is down about 10 points and down about 230 points for the year. so we will see whether or not we finish in positive or negative tear story but there's winners and losers for the year 2015. nike announced up 31% stellar sells this year. futured or rs not only here in north america but a rock star stock up over 30%. home depotting and mcdonald's also great best performers on the dow jones industrial average. mcdonald's all day breakfast
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those are types of things doing well. downside wal-mart. american express and caterpillar down roughly between 24 and 34%. wal-mart also falling to some of the online retailers american express and caterpillar fall into that global economy picture. worries about here at home with the u.s., and also abroad. so those are the big laggers on dow jones industrial industrial aiming. we have not had a down year on the dow since year 2008 when our financial crisis dropped over 30%. so people will be watching to see which way we go netflix up over o 140% so there have been some clear winners here had. >> a down year. what's that number you were saying 17.8 to get to break even. 17,823. that is where we close last
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trading day of 2014. >> it is interesting thank you nicole as we move to economists francis stacey, to see a consumer company like nicki lead the way and wal-mart struggling. one of the things we've seen, you know, in the news ands it have nemp "the wall street journal" this morning again, is companies like wal-mart they've been killed, hammered by the online competition which has been the store for years like amazon i would have thought that would have stopped. it hasn't, this week people are shopping online they have to make adjustments here sure they're i trying with their own online bids, but it's been rough, right? >> it has been rough,ening there's stress around holidays. crowds, metropolitan areas are congested than they have ever been before, and clicks on your phone you can't compete with that kind of convenience. so i think that brk and mortar stores have more difficulty and you can do last minute thing. amazon made it so simple.
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>> next thing you know they have the drones with in the journal there's retail next they said even last wednesday, you know, which you would think well people say i have to go out to the store, no. down 6 pnts 7% in sales in the physical stores down more than 10% with the traffic. is it there an economic dynamic at play and economy changed drastically because of this shift in the stores to online shopping something we saw coming for year the but in the last couple of years? >> absolutely our economy has changed tech driven. younger generation especially is very tech driven, and i think that wal-mart is sort of been slow to follow that trend i think that margins are different for brick-and-mortar stores it is expensive to maintain stores for customers, cleaning them insurance, et cetera, nef to have prearm locations, very expensionive where as maintaining, you know, a warehouse in a rural area is
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simple, cheaper, now, amazon is sort of been the leader in this new technology. ever been is racing them. >> is wal-mart wrong in the way of competing. they have people shop through them where as if you're a comean that makes something you can sell through amazon and make as much or more than you've ever made the past. but how do you do it with a competitor of wal-mart? >> excellent point because wal-mart is not a broker they have a specific customer base and they have a very specific inventory with a discount sort of culture where on amazon you can get louis vuitton and luxury items it is difficult to compete, and as far as wal-mart being wrong, i think they're just so far behind in times. it is so easy when you lead an industry for so long to do what works and not change and pg they've been caught offguard. >> rueing about all of that francis appreciate you yoming on
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today christmas eve. let's go to times square for a moment down the block from where we are and the scene on new u year's eve where it comes down on times square but up next talking about this city on a high alert. maybe higher this year and caution taken by authorities and ♪ "cavuto: coast to coast." back to you. 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... that's huge for my bottom line. what's in your wallet? get fast-acting, long-lasting relief from heartburn with it neutralizes stomach acid and is the only product that forms a protective barrier that helps keep stomach acid
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these are the times that we are told to worry the most. they are challenging the mindset. >> it can be anytime anywhere. really what matters here is law enforcement and intelligence agencies, what they are doing behind the scenes. the individuals being watched. one of them in new york. not being done as well as it was in the past. there their tools are being taken away from them. the use of the encryption. terrorist or a cell or in individual that the government,
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the fbi cannot access. that is one of the challenges. >> the other challenge is monitoring their mosques and things like that. they tell us, rather successful and now the mayor has not been supportive. is that a problem in your view? >> i think that the bigger challenge is a law-enforcement saying that this is affecting a lot of their investigations. even if you monitor people in every single place in their daily lives. that is what they are going to do. ramping up, watching people everywhere. i would imagine that. connell: you will see some changes on that next year. the government can look at more what is going on. you know, it is a global issues. those countries will need to get
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together. they will need to figure this one out. connell: good to see you again. the cia. let's turn to the weather for a moment here to these tornadoes, severe storms have really slammed into parts of the southeast. fox news in atlanta. we've been experiencing torrential downpours, and that's causing spotty flooding, in neighboring south carolina the electric utility in columbia keeping a close eye on lake murray and the dam there. they say they'll be able to give residents downstream about three hours' notice if they need to open one of the floodgates, keeping a close eye on the rising flood levels. and problems being caused by the storm system throughout the entire southeastern u.s. tennessee officials confirm three fatalities. in perry county, rescue crews found the body of a man and a
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woman while searching through the remains of their damaged homes. a neighbor describes what she saw when she merged from her storm shelter. >> we just opened that door, and the house was gone. it took my breath away. >> reporter: meanwhile, local officials say a tornado damaged or destroys, and the storm overturned private planes at an airport. providing shelter for anyone who needs it. severe weather came through highland, arkansas, pastor mike stanley was inside a church when it hit. >> it just, it looked just like a small tornado. it snapped off a pine tree by my truck, and i just slammed it on and said, lord, just let me survive this. >> reporter: and right now at our live shot in northwest atlanta, right now the issue is heavy rains, but a little after three this morning, the issue
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was heavy winds. it snapped this tree, toppling it on the the top of this car, causing damage there. there are several elderly residents down this street on ox to general, so a concern -- oxygen, a concerned woman checked up on them and called the utility to get the power back on. they restored it within just two hours. connell: the weather is just unbelievably for christmas and christmas eve here, and others are suffering around the country. jonathan serrie outside of atlanta. this next story is about the food company, nestle, and they've had to change the way they advertise. there were complaints that they were encouraging sugary drinks for children, so they've been forced to change the way they advertise. is that a good idea? we have a guest who thinks it may not be, next. ♪ ♪ (phone ringing)
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(phone ringing) you can't deal with something by ignoring .t but that's how some presidential candidates seem to be dealing with social security. americans work hard and pay into it, so our next president needs a real plan to keep it strong. (elephant noise) (donkey noise) hey candidates! answer the call already.
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connell: it is a business alert on cavuto coast to coast, i'm connell mcshane, and this is going to be a very difficult interview. [laughter] jonathan hoenig was on with neil earlier in the week, he was wearing a red jacket, but now today i saw him before we went on, and here it is. do you have christmas lighting on? what are you doing? >> you know, people always say i wish you merry christmas, but it's rare to be able to demonstrate. i'm demonstrating the christmas spirit. connell: you're making it difficult, i'm going to try to do the interview, and we have a topic, and i'm going to try to ask you a serious question, and
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you're dressed up like a home. like somebody's house. [laughter] i feel like it's really weird. >> i'm that serious in celebrating a very merry christmas, and it is a very serious topic, because, you know, parents are making it home for christmas, but it's more like government -- connell: oh, i see what you did. >> -- with the way they're treating consumer products. connell: jonathan hoenig's with us from chicago. the topic is the food company nestle, right? and it has been forced to change the way it advertises. there were complaints it was encouraging sugary drinks for children, so this agency got involved over in the u.k., if i believe, and they basically said, hey, no, you can't say you're healthy when you're not, and you say? >> well, it's even worse than that. connell, sugar is the new smoking. i'm going to start right there. giving kids sugar these days, it's like, literally, it's terrible, but it's akin to child abuse. and, of course, in our culture, as you mentioned, this happened
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in the u.k., but it's happening here at home all over in the west as well. parents don't raise the children, the government planners do. connell: right. >> so they have to decide how everything is marketed. cartoons in this case, you know, a furry bear or bunny, whatever, well, that eye peels to kids -- appeals to kids, so we have to get a this out -- connell: so i guess the argument is, hey, nestle, you're lying. you said you're healthy, you're not. we all know sugar's not healthy. and you say -- >> first of all, i disagree with that claim that sugar is necessarily not healthy. connell: you do? >> of course. connell: okay, why? >> i'm not a medical doctor, but carbohydrates are a part of life and part of every essential life. you as a parent might say i don't want to give my parents nestle quik morning, noon and night -- connell: it should be my call. >> exactly. since the government labeling regulations went into effect in the early 1990s, the presumption is the government
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knows what's best for your kids, how best to communicate with your kids. and, my god, it's not like taking a joe camel off a pack of cigarettes got rid of kids smoking. so government needs to stay out of kids and their breakfast cereal -- connell: some people say raising the taxes through the roof really hurt the cigarette company, and that really has led to a decline in the amount of people who smoke, or if you did the same for alcohol, fewer people would drink, and maybe we should do that to these terrible candies too. >> let's do salt, let's go fat -- of course, i'm having facetious. every individual has to make a rational decision about what's in his or her best interests here. government's role is to protect our rights, not to tell us what we should or should not put in our bodies. connell: merry christmas, jon than. they don't blink, do they? you can't make them do that? and you're not sitting near water? because that would be really, that would be horrible. i wouldn't want something bad to
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happen to you christmas eve. >> they have a whole fruitcake set up over there. very happy, healthy to you and all of our viewers. connell: good to see you, jonathan. fun stuff. interesting and serious at the same time. jonathan honic out of -- hoenig out of chicago. that's my first interview ever with a man dressed as a house. we're going to head back to chicago for, well, a much different story, frankly. remember those protests jeff flock was on? he has a live update in just a moment. muck i. ♪ ♪ >> my name's specialist adam cooper from oklahoma, just wanted to wish all of you all a merry christmas, happy new year. >> currently overseas, just want to wish happy holidays to everybody back home, everybody who supports us, especially to my family -- >> my name is specialist lopez, currently i'm in an undisclosed location in the middle east. just wanted to say merry
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connell: our news alert brings us back to chicago, jeff flock waiting percent protests to start at -- waiting for the protests to start at the top of the hour. >> reporter: walking on the michigan avenue bridge, we're walking up here now where i do see people beginning to get it together, but it's not a very large group at this point. i don't know, i walk up here and see. but it is a fairly small number of folks at this point. as we know, last time, on black friday, we had literally thousands. at this point i would say we are, you know, around 100 at this point. so, but, you know, they plan the from noon to five today, and i'll tell you, there's a very
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large police presence. i would say there's as many police officers as there are protesters at this point. but, you know, it's early, so stay tuned. connell: that could be a good sign for the retailers. we'll check in with you right around the top of the hour. noon in chicago is, well, exactly seven minutes from now. jeff, thanks. let's go to and congressman will lurd up election -- hurd up next here. want to talk to the congressman about the iranian nuclear deal. you have these restrictions, someone is either from iran or visiting from iran, tougher time getting a visa. the iranians say, hey, this shouldn't have happened, and you say what? >> i say that's absolutely crazy, you know? i know we're approaching the end of the year and everybody's having their best lists and their worst lists, and i think this administration should be on the worst negotiators of 2015, and the iranians should be on the best. you know, i'm against the iran deal. the iran deal earlier this year,
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and what's interesting to me is how this iranian government is trying to negotiate other policies that has nothing to do with the iran deal. connell: is this in the deal, by the way? the restrictions? >> no, it's not. connell: right. >> it's not. what the iranians -- exactly. what the iranians are saying is that this unduly targets them. no. the changes to the visa waiver program are very simple. there's 39 countries that participate many this, and if they've traveled to a state sponsor of terrorism, they're going to have to go to an embassy and interview with a -- connell: iran being one of those. >> absolutely. connell: let me play for you a piece of an interview that was done on this network this morning. the treasury secretary was on with maria bartiromo, so just a short bit of that, and then i can ask you about it. >> sure. >> the essential agreement on nuclear issues was iran will dismantle its ability to create
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a nuclear capability, nuclear weapons capability, and international and u.s. sanctions on nuclear issues will be rolled off when that happens. that is in the process of being implemented. implementation day, which will come at the point when iran has shut down all four paths to a nuclear weapon, will trigger the unwinding of nuclear sanctions. connell: those are the mechanics, congressman, of how the treasury secretary says this will work. and, you know, a moment ago you said this was a terrible deal. what's wrong with what he just outlined? >> well, one of the things that's wrong is that the iranians have already violated some u.n. treaties earlier in this, earlier in the month with testing some long-range ballistic missiles. and the iranians get to decide what does or doesn't violate this deal. why are we putting that responsibility in their hands? this deal was supposed to stop the iranians from becoming a nuclear power, and i don't believe that that's what's going to happen. and besides for me, you can't
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trust the iranians, the iranian government, excuse me. you know, the iranians have lied to and misled the u.n. security council on numerous occasions, they have lied to and misled the iaea. and the fact that they're now trying to use the changes to our visa waiver program which strengthens our country, makes us safer as a tool is outrageous to me. and anybody who thinks that the iranians are is still not supporting terrorism, you know, like hezbollah, you should go to southern lebanon where there's a shrine to hezbollah and the support by the iranians. connell: congressman hurd, thank you, sir. happy new year. thanks for coming on today. >> merry christmas to you. connell: the stock market is going to close in a few minutes because of the shortened day, and we'll be back to close it up for you, see how these numbers look on wall street. more in a moment. ♪ ♪ ♪ are you curious? do you wonder why things work? do you look at things and say "i can make that better"?
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these questions, these curiosities then lead to discoveries... ...and those discoveries are going to lead to the energy solutions for the next 50 years. we have big, big challenges. one challenge is to capture the co2 before it's released into the atmosphere. we captured more than 6 million tons in 2014 alone. that's the equivalent of eliminating the annual emissions of more than one million cars. in the longer term, we are working on how to convert algae into biofuels. the ultimate objective is to be able to put it into an existing car, to not have to redo the engine. that could be one of the very important parts of the energy equation in the future. we want to drive our scientists, we want to drive our engineers, to never be satisfied with where we are today. because there are always better ways to do things. i'm vijay swarup, and i am a scientist at exxonmobil.
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>> breaking news on cavuto coast-to-coast. i am connell mcshane in for neil cavuto today. two things going on at once. we will cover both of them for you. the bell is about to ring because of the shortened trading day on wall street on christmas eve. jeff: it has started now. we have the northbound lane of michigan avenue shut down. this is nowhere near as large of a group as we had all black friday. you know, it is hard to get your perspective on this. this is a small group. i would say that this is hundreds at the most. thousands, literally. you see the police presence. certainly as much a police
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presence as there was before. traffic moving on the southbound lane. here on the northbound lane, they have shut it down. the protesters have shut it down. the police are allowing it to happen. they allowed people to block the access way into the shops of michigan avenue. whether they will do that same thing this time, i do not know. we will continue to watch it. at this point, a very different size than it was last time. >> as you say, it is a smaller crowd. the police strategy cut you and i were on the air. we talked a lot about that. the police allowed these protesters a lot of leeway. it never got violent. that was clearly a strategy from the chicago pd. learning from that. they thought that that worked.
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it seems like they will try the same thing this time. >> i think that they absolutely thought that it worked. you know, there were no confrontations. that is what they did not want. they did not want confrontation. potentially frenzied shoppers on, you know, the day before christmas. you have people last time, even people that were sympathetic ear and i think it is fair to say they were having people locked away saying you cannot go in there. you cannot do that. nobody got physical. i would not rule that out at this time. protesters say they want a peaceful protest. they also want to shut this down. we will see if push comes to shove here. >> let's see how things develop.
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success is nonviolence, clearly, as jeff said. some stores said that their sales are down. traffic down 20, 30, 40%. there was no violence. same strategy for police. let's go to the markets. now we are officially closed before christmas. wrap it up for us. >> settling down 50 points. somewhat wild over the last week and a half or so. that being said, we do see oil up again. that has been a big part of it. the dow finishing up for the week. thirty dow components without the arrows. mcdonald was flat. it did hit another high. caterpillar was the best performer. of more than 6% viewed that was one of the ladders that we have
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seen. last but not least, i wanted to have that oil story one more time. that is why we saw some optimism on wall street. last friday a new low. seeing it in the $38 range right now. wishing everybody a very merry christmas. connell: merry christmas. a very festive the call petallides. is certain or uncertain is the question. he is skype being in from the family christmas compound. i am sure things are going very well leading up to the holiday. jonas, to you first. the fed rate, is it going to happen? what is your mindset going into 2016? >> the last few weeks of the market. we know that the fed started raising rates. how fast, how serious will they
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raise the rates. what will be the effect in the commodity markets. will they be huge defaults and junk bonds. is this a buying opportunity. you have high yields now. the equity of world companies. it will swing back and forth. speak. connell: is it a buying opportunity? >> it is all between stocks and bonds. stocks are pretty good deal relative to the bond market. there is definitely a lot of risk. connell: gary, what do you say? high yield has been a big deal. it still will be as those other issues. what is your mindset? >> i will follow it up. i think it will be seesawed to. in very large heavy person sitting on the opposite side. i think -- i think that the fed
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has made a mistake, to be honest with you. i think that they see a strong economy. i do not see it. consumer spending, that growth has been slipping all year. the latest manufacturing survey was horrible. orders are down across the board. look at the labor force participation. that is flat at best. connell: they may have to stop raising rates at a pace that some people say, maybe they stop raising. that is what they will have to do. take a pause. >> someone made the statement that the fed is rearming. raising rates so that they can lower them again. they are kind of backed into a hole now.
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i think that they will hold off on raising rates for at least a few months now. connell: we heard something. is everything okay? >> a lot of cooking going on for christmas eve. i think you will see longer-term rates. possibly as low as 1% or lower. there will be deflation. that will be what you look out for in 2016. connell: guys, we have to run. mary christmas to everyone down there. good to see both of you. apple watch. many people are talking about it. here is a the problem, apple is not so much. we do not know how many of these apple watches they are selling. if this device a flop? somewhat legitimate question to ask. it is in a business unit where they do not break down the sales.
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it is a device that people talk about this christmas. it does not seem like they are selling great. >> you are not hearing a lot of buzz about it. remember the iphone six, iphone four, everything. always the hot gift to get. connell: is this a flop? >> i do not think it is a flop. the people that are getting it, love it. i have one. i have the one that tells me i have to keep working out because i am fat. connell: i guess the reason i ask this, my thinking is someone will get a really high-end watch, they want to have it for years. >> the mindset that apple has is you never keep an apple product forever. that is having a hard time translating. apple has been teaching us for years not to look at our walk. additionally, the apple watch does not house a hoax.
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everything about the phone, everything they have ever made has a hope. it is the latest laptop. there is nothing on the iphone that said you have to only do this. >> what could they put in the next version? >> right now, if you do not have the phone -- >> i agree with you. >> why even watch? irony have the phone. >> have to come in from that. they are very good at doing this. deal with a carrier where your phone is 90% that up. people are not going to buy another carrier plan. connell: altogether just like the family plan. that may be the next generation. >> i am not expecting a lot for
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christmas from the apple watch. connell: thank you. let's go to the protest in chicago. we have been talking about it here. they are underway. smaller than what we saw on black friday. more in a moment. ♪ ♪ 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 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... that's huge for my bottom line. what's in your wallet?
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connell: breaking new's brings us back to jeff flock. >> we have to start of the march. it just began 30 seconds or a minute or so ago. marching on the north bound side of michigan avenue. the magnificent mile. that is now closed to vehicular traffic. i have to tell you, connell. compared to the numbers of protesters that we had on black friday, look at the number of
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police. i would say there is a police officer for every protester out here. the same number of police officers, the number of protesters drastically reduce. 200 right now that i just counted. i think that there would be a lot. connell: you are right in the middle of the street. >> the hickey alert traffic. the thing that made this so much of an effective protest on black friday was the shutting down of the stores. that, you need massive numbers. right now, that just is not here. we do not have that kind of number right now. >> basso goal. i should point out, the mayor is on vacation in cuba. with his family for christmas.
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he is not hearing this. >> our cable distribution agreement on that one. blake bergman is at the airport. protesters were a big story yesterday. i assume it is just a regular christmas eve travel. >> to have been playing these songs over and over and over again. cannot complain about the christmas carols. not a bad day here at reagan national. there are some delays. just a few cancellations here or there. that, for the most part, really the story all across the country. those are the folks that relate scrapped this whole thing.
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some 600 delays nationwide. i know that that may sound scary. take a look at the mystery map that they compiled. this may sound a little crazy. you can see more green which is good. red is the misery. the exception is in atlanta. awful weather over the last couple of days. of course, atlanta is a huge connection for a lot of people in the southeast. a little bit in new york. the people we have been talking to say a bit of doubt that they once anticipated. >> i am somewhat surprised.
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not as bad as i thought it would be. so far, it has not been terrible. >> part of the reason it has an awful widespread. 70 degrees here in washington, d.c. put that into perspective. miami right now. eighty-four. i am from there. you are preaching to the choir. >> thank you. blake at reagan national. meanwhile, look into the technology stocks today. a lot of people last-minute looking for stocking stuffers. here is one that may work. here is a start up company.
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building shares of technology stocks on gift cards. trying to help us understand that. joining us on whether technology stocks are the perfect if the issue or not. first of all, how does this work? you get a stock on a card. explain to me the mechanics before i ask anything else. >> really it is very, very simple. you can go to your local grocery store. a gift card for stock. you type the code into stockpile.com. you have stock that night. about 20 different companies. >> we still have a lot of these companies. this would be a great gift. many of these stocks have grown up. >> what we are seeing is people
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find what they love. someone is going to take them. they will use them. they will throw them away. long-lasting. more personable. >> how many, dollar value. the most popular. $50. that is not as many shares. >> we have been out for weeks now. a bunch of national chains. what we can tell you is sales are going gangbusters. people are buying three-five-10. we think that they are obviously giving them gifts as well. a high-end grocery store. tesla, google, facebook.
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marching once again. i do not know if you can see. you can see the police officers bringing the protesters. coming off the marching route to shut the source down. most of the shops are located on michigan avenue. taking place on black friday. i have to tell you, reverend jackson is not here. these guys were all on hand before a number of other church leaders and pastors. it is a smaller group. i have to tell you, it is a small group and it does not appear to be gaining tremendous strength. >> you mean the street, right?
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that is the idea? >> no. the police here have blocked their way to the other side. frankly, a lot of people do not come by car anyway. you are right. they are not, at this point, attempting to block access to the stores. whether these police officers will allow it or not, i do not know. stay tuned. we covered this on black friday. let's bring in chief political correspondent. i think this is a political rift for the black lives matter. we see the democrats. martin o'malley. to the republicans as well, how should they handle this movement?
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it is going to be in the news. what is the republican role in handling this? >> i think that there will be more protests. really, i think that this is a great opportunity for republicans to see what is happening in the streets. pointing out how progressive policy has failed urban communities. failing public schools. high taxes and regulation. you have people that do not have a good education. you do not have job skills. this is what we are witnessing. their actions are really misguided. you should be fighting for better schools, better jobs. >> struggling to some degree. tried to point this out earlier on the show. not exactly friends among many minorities.
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they could get better at this. >> i think that it is a message that they should be delivering. rand paul has made progress in these communities. people finding out what their concerns and needs and interests are. it is an opportunity to get to these communities. really just highlight the failures of progressive policies >> that is how obama won. the exact same turnout happens. across demographics next time. >> i think that this is very political. kind of orchestrated, if you will. obama has played the race card. they want the black voters to get out. they are concerned that they will not turn out because obama is not running again.
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if hillary clinton is the nominee, she may not get that turnout. connell: thank you. merry christmas to you. let me go to one of our military analysts. i mentioned before the last break that there were these secret talks. between the united states anda,k out. now, we are where we are. what did you make of that what should mark what does it mean? >> there is utter confusion in our policy right now. if you are doing those behind-the-scenes discussions with assad regime, there is construction going on. getting information backed back on u.s. rebel troop movements and location data. of course the regime will do that. they are certainly passing it to the russians.
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we do not wonder why the u.s. backed rebels seem to be getting the daylights pounded out of them from the air by the russians. if we're telling them where they are located and where they are moving in their fight against isis and the regime. connell: what should we change if we are going to change one big thing? >> this is a very unpopular thing. we will have to make a deal with the russians. that is what will get everyone to the table in geneva. the u.s. has already backed off the line that assad must go. we just need to go forward now. putin is running the show. we failed to lead. now our choices are to follow and get out of the way. connell: thank you, sir. good to see you. warmest christmas eve on record. it very well may be around here.
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it is very nice. we will be back to talk about the weather. talking about how great the weather is. neil sent me out in the rain. looking exactly where i was. we will be back. ♪ we want to wish you a happy holidays. ♪ and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus, powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours.
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>> there is breaking news. jeff flock, anything new in chicago? jeff: i want to show you how large this crowd is. you can see that it is not huge. we had another sort of guy in here and moment ago. lying down on michigan avenue. still blocked. just walking from the beginning and this is the end of it. i think it is fair to say a much smaller group as we have been reporting. >> were you here before.
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you are only in one spot. >> sir, sarah, you have no idea what you are talking about. you should say it. there you go. connell: you saw that. jeff flock from chicago. a smaller crowd. it just is. all right, let's calm down a little bit and talk about the weather. he did not want to go down to see the family in florida. the fox weather center. i guess we broke the record. i know that it is not sunny out. >> all of the severe weather that we have.
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70 degrees in new york city. we are not just breaking records. we are shattering records by 10-15 degrees in some places. easily going out to the west. getting those nice, sunny, warm conditions for christmas. remaining called for tomorrow. still warm. not as warm. still warm across much of the northeast. we do have a system dropping in. look at that. then we cool things down. across the great lakes. a little bit above average. all right. yesterday we had tornadoes. now we have the rain continuing in this area. now it is bringing flooding. take a look at this. all the severe weather alerts yesterday. ten fatalities along with that. we will turn our attention across the west.
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we will be seeing some snow this weekend. no snow in new york city. snow in el paso texas. >> let me go to joe. fox business network. are you going to be -- were you predicting a brutal winter? >> we are predicting january and february and march to be very chilly and stormy across the south. i have full confidence that is coming. i think tuesday, new york city will see snow and sleet before it turns to rain. a big cold arctic high will get in front of it. many people breaking records. connell: i read from no luck, the south can be colder. january, february march.
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could be lower than usual. warmer than normal. is that different than what you are saying? >> we predict actual temperatures. we believe that it will get there is no we up into the mid-atlantic states. we do not think that the northeast will be nearly as cold this last winter. i do think that they will have above normal snowfall. i think it will translate into the southeastern part of the united states. we have always emphasize. january, february march. go back and look at the history. 1987. 1957. huge turnaround. last year, december was very warm across the united states.
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a lot of the markets begin. take a look at what natural gas has done the last four or five days. >> oh. >> this is coming. save similar makes a lot of money. merry christmas. good to see you. >> merry christmas to you. connell: back to chicago in a moment as neil cavuto coast to coast continues. ♪ why is philips sonicare the most loved electric toothbrush brand by americans and their dentists?
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connell: and it it is time for your fox business brief. the market has already closed today. the dow down by 50 points. let's take a look at oil as well. stock market mixed. the stock market up to 38. murray of bartiromo exclusive interview with jack lew. >> lower oil prices are like a tax cut. lower demand. more economic growth. i actually think that the progress we made in our economy is substantially greater than what you described. >> we will cut back into more coast-to-coast as we continue here. we will see what is happening in chicago.
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said that they want to see rob emanuel resigned. that is a tremendous number. the concerns being forced by these protesters, they have a lot of weight in this city. we have another die in going on up here. we will give you a picture. the number of protesters here today does not begin to approach the numbers that were here on by friday. as you see here, on the corner, if you know anything about chicago, this is the heart of the magnificent mile. we have protesters blocking the way by lying in the middle of the street. sixteen shots in a cover-up. the group that you are seeing here is pretty much the whole group. on black friday, we had people almost from one into the other
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on this avenue. we will see where it goes. we will see if it grows. that is the situation right now in chicago. connell: that you second if director joins us now. what they want is these protests, they want rob emanuel to be removed. they want him out of the office. after the shooting. what do you make of the way they are making their point, though? >> i sympathize with the argument. if there is a cover-up, then the mayor should go. this is not the way you do it. it has nothing to do with capitalism. it has nothing to do with christmas. it has nothing to do with these shoppers. stop government. i saw a sign out there on black friday that said capital untrimmed capitalism killed look
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. this kid was killed by this police man. connell: it does not seem like one would have anything to do with the other. the likes of jesse jackson not being there. this is how we get the attention. this is how we make our point. we bring our cause to a wider audience. to be fair, not violent. >> it definitely is getting their attention. is this the right way to protest? doing it at a time. this season of christmas. really destroying somebody's
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ability to buy last-minute gifts for the kids. connell: it is all chicago. >> it has a local effect. chicago, much of the economy during the season, the shopping industry. those people, this will have consequences. if they do to make the sales, something is going to give. 25% or more down on black friday. connell: a smaller crowd. a very merry christmas. ontrack. on the dow since a late. we are back on cavuto. ♪ ♪ i built my business with passion.
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connell: back to the streets of chicago. they lie have lied down and now they are back up. what is going on? >> continuing to march down michigan avenue. not quite an entire mile. beginning to approach the shopping mall. you see, perhaps police officers they are keeping the other side of michigan avenue open. that would be the end of this march and protest group. we are not quite there. protesters continue to stop.
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i don't know what else to tell you other than it is a smaller crowd. no one has at this point attempted, i am looking at the various stores. people continue to come and go. shopping has not been disrupted. has not been disrupted. the sales that would have taken place at these stores are less because of the fact that these folks are out here. nobody has been blocked as they were before. >> that is the difference. you are probably right. i knew something was going to happen. right now to jamie lee. talking about these markets. heading into next year. ontrack for our first negative year. it is weird; right?
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usually you are up here before election. what do you make of it? >> hi, connell. merry christmas. and a lot of volatility with a lot of things. i think that we have a short-term rally potentially in equities. i think that consumers can maybe start spending some of the money that you have been saving in the pumps. consumers have been switching there items. electronics and clothing. i think the santa claus rally, oil was up a lot. i think we could have the santa claus rally. maybe new highs in 2016. connell: we were talking to the guys earlier. a couple of things came up. i know that that has caused some disruption in financial markets in general.
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it is still the federal reserve. whether raising rates was a good idea and we do not have to back off of that next year. what is your take? >> i do not think that anybody thinks that the fed will raise rates quickly. as far as what they had to do, they were forced to raise race. they put themselves in a corner. connell: they force themselves to be put in a box with the way they handled it. >> absolutely. investors would have been very shaky about the lack of confidence in the economy. i think investors got a little bit of a boost in confidence. although, we are still going. >> merry christmas. we will talk to you again soon, i hope. we will talk to jeff flock more in chicago next. keep it here.
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connell: discovering breaking news out of chicago. looks like another die in. you and i were together on black friday. these protests are smaller than they were then. these tactics seem similar. jeff: they are. they allowed them into the streets. they have allowed them to continue to march at their own discretion. michigan avenue. i would point out, even though the numbers are smaller, the passion is certainly there. very valid questions been asked about the shooting. the investigation. the prosecution. the length of time it took. mayor emanuel suggested delayed. furthering his own reelection.
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very valid questions being asked by these protesters. i can only cite that. a majority without confidence in the mayor in the administration right now. a lot of sympathy for the cause. as i said, they have not stopped anybody from shopping today. i do not know if they have done anything to hurt their cause either. >> the mayor is in political trouble. >> well, you know, knowing what we know about rob emanuel. i would guess it would be very difficult to get him to resign. in election that was held before, i think it is pretty fair to say that mayor emmanuelle would no longer be the mayor of chicago. connell: interesting. all right, jeff, merry christmas to you and all your family. jeff flock out there.
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in the streets of chicago. that wraps up our coverage here on cavuto coast to coast. i am connell mcshane covering for neil cavuto. merry christmas for all of you watching at home. war stories with oliver north is up next. ♪ es". since world war ii it has been a critical part of our defense. every single day it brings a touch of home to millions of u.s. troops. >> it is my way to survey and get a little something back. >> our special salute to the uso. next on "war stories". oliver: good evening i am oliver north.
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