>> lauren: breaking news this morning. government steps to calm investors in china. good morning, everybody. that's the story we are watching. i'm lauren simonetti. >> nicole: good morning, u.s. stock market futures looks like this. they actually were up a few hours ago. they have been bouncing around. in the last couple of hours to the downside. >> lauren: let's take a look at price of crude. up a quarter of one percent. >> nicole: president obama said

to announce details on executive announcement on gun control. >> lauren: gop front runner donald trump continues attack-dog strategy on bill and clinton. the war of words. >> nicole: college teams face in three overtime battle last night. coach resigns after 12 years. all the details coming up. welcome to fbn:am, first look at your morning markets and breaking news and what to expect ahead. >> lauren: china's government moved to restore confidence there. $20billion in the money market. let's show u.s. stock market futures, worst start of the year. dow futures now down in triple

digits, lowered by 107 points, s&p by 13 and nasdaq losing 29 points this morning. we have gary, president and fox news contributor on the phone for outlook. >> thanks for having me. >> lauren: china slowdown story is a 2015 story, what else could be impacting these markets? >> gary: it's not the slowdown. they don't leave markets alone. they're supposed to be free. the problem is when they told people they can't sell eventually they are going to sell in a more vicious fashion. it's not just china anymore. our economic numbers are heading south, our markets are reflecting it, i think overall

the major indices are following where the market is going to become more apparent. we have a few more months of this. >> nicole: gary, this is nicole. we are hearing from china, they try to at least make a more free-market environment, they did put money in, right, to save the shanghai at least for now. when you talk about the tone that you are giving us, news flash, we all saw the fed raise rates for the first time in decade, what goes with that? i agree with you that manufacturing numbers i didn't do were somewhat weak, but what do we expect for 2016, the fed was supposed to be raising rates? >> gary: unfortunately i don't have good to say about the fed. marks are heading south and commodities are crashing, it tells me think really do not know what they're doing and i think this is part of the

process. look, it's very simple when it comes to markets, it is about fear and greed and greed is going away and fear is picking up so selling pix up and there are some reasons behind it, earning gross for the market is down and so is sales growth. nobody believes the numbers that are coming out of it and time and time again they continue to manipulate, i think confidence gets lost and feeds on itself. >> lauren: where do you park your money for 2016? >> gary: cash is a pretty good word right now. the great news. >> lauren: gary kaltbaum,

president of kaltbaum. >> nicole: we bring business reporter tracy yu. good morning, tracies. -- tracy. >> tracy: good morning, index recovered from earlier losses to finish down a quarter of percent. investors were calm after liquidity and policymakers are considering expanding for big shareholders to liquidate their stakes. moving to tokyo, japanese shares are ending in the red, four tenths of one percent. the kospi is the only one ending

in the greenbay. kospi up led by tech companies. >> nicole: tracy yu, thank you very much. >> lauren: president obama said to announce executive action on gun control today. will require background check for guns purchased from dealers online or gun show. democratic front runner hillary clinton supports the plan. >> i'm for comprehensive background checks, i want to close the loophole, i want to end the immunity from liability that was given to the gun makers and sellers, the only business in america that was given that. [cheers and applause] >> lauren: republican candidates criticizing the president's move. >> the word that president obama is going to abuse his power to

try to cease. >> because they reject your ideas, repeatedly and now you're going to try to impose them anyway. that's not democratic. >> lauren: white house says the fbi will hire 230 additional examiners to process background checks. >> nicole: president obama's move sending the gun stocks higher. shares of gun companies shot sky high, investors say firearm sales will increase after president's executive action. jumped more than 5%. again, these were stiller performers in 2015 because of the same reason, concern about overregulation. lawyer lawyer and being able to protect yourself.

>> we don't need four more years of obama and that's what you're getting with hillary. that's what you're getting. no, that's what you're getting and i believe it might be even worse, if you want to know the truth. it might be worse. we don't need that. >> lauren: hillary clinton appeared in a town hall in iowa that she and president obama created isis. >> i've adopted a new year's resolution. [laughter] >> i'm going to live in his alternative reality and i'm not going to respond. [cheers and applause] >> lauren: make sure to tune in for the next fox business republican debate. that's on thursday january 14th right here on the fox business

network. hillary clinton sharing her thought on extraterrestrial. aliens may have visited society. hillary adding she just hopes it's not like the movie independence day where aliens attack earth. >> lauren: armed protestors continue to hold a remote wild reserve, almost 2,000 people have moved in. the sheriff telling activist enough is enough. >> you said you were here to help the citizens of the county, that help ended when a peaceful

protest becamed an armed occupation. the hammonds have turned themselves in, it's time for you to lee the community. go home to your families and end this peacefully. >> lauren: protestors say the hammonds were treated unfairly but the rancher's family not endorsing the seige. >> this is my first that i've been through. now i know what everybody is feeling. everything i owned was down in that basement is just gone. my kids' stuff is gone.

>> nicole: heartbreaking. all the water is moving down. >> lauren: britain trying to identify an isis mill tenant, new jihadi john, this comes after a mask-man with british accent. the extremist will soon invade britain and establish there. he's an apparent replacement for the british muslim known as jihadi john. >> nicole: charlie running a special edition this week to mark the first year of the deadly attacks. a man representing god armed with an assault rifle under the headline, quote, the killer is still on the run. many say the cover predicts that more violence can come on

january 7th 2015, two gun men open fire inside the news room killing 12 people. in revenge for the prophet mohamed. >> lauren: we will start in asia stocks there. trading mostly lower. the shanghai down about three tenths of one percent. hang seng down as well but you have up arrow for kospi there, nicole. >> nicole: yesterday was a tough day, we are still seeing seeing the weakness this morning, ftse down a ten of percent but the cac and dax each down more than 3 quarters of one percent. >> lauren: it seems like it's intensifying to the downside. dow down 126 points, s&p and

nasdaq down. >> nicole: loss of one quarter of 1% while gold gains almost 4 bucks. >> lauren: gold building too. we are also going to get the number on car sales. 18million vehicles were sold last year, that would be about 6% hire than the year before. it would also be slightly higher than the record which was set back in the year 2000. healtiest -- healthiest in decades. >> nicole: can director of transformers pull a new movie on the attacks of benghazi. >> we are not even supposed to be here. >> stand down. >> nicole: we will takes 3 hours of secret service in benghazi.

faced off in a overtime battle last night. coach resigns after 12 years. you're watching fbn:am, first look at morning markets and breaking news. you focus on making great burgers, or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new business started. we're legalzoom and we've already partnered

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>> the u.s. embassador. >> you have to send us. >> you're not the first responders. >> you will wait. >> let's go, we have to move. we have no jurisdiction in the country. we are not even supposed to be here. >> stand down. >> we're all going to die. >> the movie looks awesome, i agree. 13 hours. secret soldiers of benghazi is said to premier in three weeks. hopes to capture their fight to protect dozen of americans, last

night the real heros sat down with our own megan kelly to talk about the film. >> it's amazing being with your brothers and fighting being there and having the faith that you're going to defeat all the obstacles. >> nicole: four americans were killed that night. the soldiers say the film will help honor sacrifice. >> nicole: hang seng lowerment kospi up by .6%. there you go. turns green as i said that. what i was saying basically all red yesterday, lauren with all ten sectors in the red.

nobody bought anything, really. >> lauren: let's see if we can recover from the major selloff. we are continue to go press the sell button. >> nicole: let's take a look at key commodities at oil and gold. oil 36.61 down 15 cents this morning. >> lauren: well three nfl teams want to move to los angeles, all filed for relocation to the la area. there has not been an nfl team in the los angeles market for 21 years. chargers want to partner with afc rate rifle raiders in a stadium in carson. the applications will be reviewed by lead staff and three committees of owners that will meet in new york tomorrow and thursday. owners will vote next week.

>> nicole: now let's take a look from the latest of world of sports. e pick bat between two top college basketball teams last night. kansas state and number two oklahoma it took three overtime to decides the winner. kansas came up on top. ellis had 13 rebounds. 109-106 win over second ranked oklahoma. two-time super bowl winning coach resigned after new york completed season, lead them to two super bowl champions but the giants have miss it had playoffs in a row. giants to address coughlin

resignation. >> those orders aren't worth the paper they're written on. come january 2017, they're going away. >> lauren: it appeared to work for now. we will have a live report from beijing after yesterday's wild drive. they saw the dow drop 460 points for ending 276, here are u.s. stock market futures. tuesday morning, dow is down 125 points. all three major giving up three quarters of 1%. you're watching fbn:am, first look at morning markets and breaking news. give us a follow right there on twitter and facebook. ♪ ♪

>> nicole: breaking news this morning the government steps in to calm investors in china. shanghai composite ended lower. good morning, i'm nicole petallides. >> lauren: and i'm lauren simonetti. good morning to you. after the dow sank 270 points yesterday u.s. stock market futures looking like this head of the opening bell. unfortunately more red arrows. s&p futures down by 15 and nasdaq down 33. >> nicole: let's check oil, volatile oil prices actually faired okay. it was the okay, the worst best of it you could say. oil tried to hold on. >> lauren: president obama said to announce details on his executive action on gun control but the gop presidential candidates, they're saying not

so fast and gun maker stocks rises in a big way on the news. >> nicole: donald trump continues his attack-dog strategy on bill and hillary clinton. we will have the latest on the war on words. >> lauren: top college basketball teams faceoff in overtime battle last night. couch retires after 12 years. welcome to fbn:am, first look at morning markets and breaking news and what to expect on the day ahead. >> nicole: we saw big selloff yesterday, pboc stepped up and today just a loss of one quarter and 1%. nikkei down almost a half of a percent. kospi actually squeezed out a gain up a half of percent. >> lauren: ftse in europe is trying to squeeze out a gain.

just down. >> nicole: after big selloff yesterday, lowest point by theway, 470 points, we recovered off the lows. down 123 for dow futures, s&p down 15. >> lauren: oil markets moved yesterday after tensions from saudi arabia and iran. again to the upside by more than a buck. one thousand $76. >> nicole: president obama said to announce executive actions on gun control today. the white house says new measures will require background checks from guns purchased from dealers even if they're bought online or at gun shows, democratic presidential front runner hillary clinton supports. >> i want to close the gun show loophole.

i want to end the immunity from liability that was given to the gun makers and sellers, the only business in america that was given that. [cheers and applause] >> nicole: republican candidate criticizing the president's move. >> the word that president on i'm is going to abuse his power to cease the guns. >> he needs to stop focusing on what is unconstitutional to do. >> that's not democratic. >> nicole: white house says the fbi will hire 230 additional examiners to process background checks and the stocks got a pop yesterday and smith&weson up. >> lauren: winners of last year

and yesterday. meanwhile president obama's move doing that, sending gun stocks right up. we had the huge plunge yesterday but we did see the gun makers stock up, the thinking is investors to expect firearm sales would increase. if you look at shares of smith&weson they were up 5%. nicole just pointed out the huge gains for the past 52 weeks. >> nicole: donald trump holding campaign rally in massachusetts. the republican presidential front runner touching on a number of familiar topics in his speech including the candidate he would face in the general election. >> we don't need four more years with obama. that's what you're getting with hillary. no, that's what you're getting. i believe it might be even worse, if you want to know the truth. it might be worse. we don't need that.

>> nicole: hillary clinton appeared at a town hall in cedar rapids, iowa where she would respond that she and president obama created isis. >> i've adopted a new year's resolution. [cheers and applause] >> i'm going let him live in alternative reality and i'm not going to respond. >> nicole: make sure to tune in for the next fox business republican debate on thursday january 14th, they'll be right here on the fox business network . >> lauren: britain is trying to identify isis militant, gentlemen -- gentlemen jehady john, soon invade britain and establish law.

that man had figured prominently in earlier isis beheading video before being killed in u.s. drone strike in november. >> nicole: why you might be better off investing in legos than gold? losing 33, you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪

politics first: that's the rubio way. right to rise usa is responsible for the content of this message.

>> nicole: let's get you caught up in the global market action after big selloff yesterday. shanghai composite index down just one quarter of 1%. nikkei and hang seng also lower. kospi with an up arrow up one half of 1%. >> lauren: u.s. stock market futures, same decline for s&p and nasdaq. if you look they actually

increased in value. the average value of lego set up 12%. the report says value of lego when a model is discontinued. i had to buy a couple on ebay. they're expensive. not so easy. >> nicole: they are expensive and they don't go on sale. so they really hold their value. she's pregnant with twins, she's 53 year's old. she's due in april and will take a brief break. she subsequently took over his company on his death in 2009 and

we wish her the best of luck. >> lauren: lots of work. gop candidates are saying, not so fast. >> those orders aren't worth the paper they're written on because come january 20, 2017 they're going away. >> lauren: in china regulators stepping in to regulate markets. it appeared to work. you're watching fbn:am, first look at morning markets and breaking news. dow futures down triple digits. ♪ ♪

>> lauren: breaking news this morning, the government steps in to calm investors in china. despite intervention shanghai composite ended down.

good morning, i'm lauren simonetti. >> nicole: good morning, lauren, good morning, everybody, i'm nicole petallides. after the dow sanked 270 points yesterday u.s. stock market futures this morning, even though we saw a glimpse a green they are looking to the downside. s&p futures down 13. >> lauren: volatility is here specially in commodity space. 36.66, down to 6%. >> nicole: gop presidential candidates are saying, not so fast. gun maker stocks rising. >> lauren: in a big way. gop runner donald trump war of words. new york new york new york

giants coach resigns after 12 years. all the details coming up. welcome to fbn:am, first look at morning markets, breaking news what happened to expect on the day ahead. >> lauren: if you look at asia where it all start, shanghai down for the second day this year. down almost .3%. that was a little bit of stabilization of chinese government and regulators moved in and bank pouring about $20 billion in the money markets. in the u.s. we have more arrows following yesterday's massive selloff. you have s&p and nasdaq also lower. what should investors focus on today and in 2016, we asked gary smith, happy new year to you, gary.

>> gary: happy new year to you. well, i think last time we all chatted i was not bullish on the market. regardless of yesterday i'm still not bullish on the market. i just think there's a lot of problems out there, i mean, even apart -- let's just take the economy out of it which i think is horrible, what filters into people is that we have a world kind of at war, they pick up the newspaper and they see, oh, my gosh, they are occupying federal land in oregon, we are fighting isis everywhere, iran and saudi arabia are not talking with one another, we have obama and congress fighting over gun laws, i mean, you close the front page and you go, i'm just going to go back to bed. >> nicole: you can add isis in there. you're right on target. there are so many headlines and we have had headline and

yesterday we saw a big knee jerk reaction. does this trend continue. every single sector sells off yesterday, are you going to tell me that all stocks are undesirable for 2016, there's got to be some bright spots, gary? >> gary: there's always some bright spots. you know, i like the stocks that i use every day. the fang stocks. facebook, amazon, netflix, et cetera, et cetera, and but here is a problem with those, i love, for example, amazon, i use it almost every day to order something or another, it's expensive, same way with facebook. those stocks should be good, those are expensive, the oil company stocks t problem with those is there's no demand for oil. everything is affected by interest rates, financials.

i'm looking for a safe place to go. i would love to deploy money. i think we drop another 10% and then people start putting money into the market. >> lauren: those fang stocks, the winners were last year. >> nicole: breaking news this morning president obama said to announce executive action on gun control today t white house says the new measures will require background checks for gun purchased from dealers even if they are bought online or at a gun show and democratic presidential front runner hillary clinton supports his plan. >> i'm for comprehensive background checks, i want to close the gun show loophole, online loophole, charleston loophole, i want to end the immunity from liability that was given to the gun makers and sellers, the only business in america that was given that.

>> nicole: republican candidates strongly criticizing the president's move. >> the word that president obama is once again going to abuse his power to try to cease our guns -- >> this president needs to stop focus on what he's constitutionally forbidden to do which is interveering with our second amendment. >> because they reject your ideas, repeatedly and now you're going to try to impose them anyway, that's not democratic. >> nicole: the white house says it will high 230 additional examiners to process background checks. >> lauren: president obama is the best gun salesman ever. shares of gun companies sky high, investors expecting firearm sales to uncreas. shares jumping more than 5%,. >> nicole: democratic

presidential candidate bernie sanders is expecting to announce plans to reform wall street, break up the largest financial institutions within the first year of administration. sanders will vow to create a too-big to fail list and he will say that the companies on that list would pose a great risk for the u.s. economy without a taxpayer bailout if they fail. his plan will force the banks and insurance companies to reorganize within a year. >> lauren: starting overnight in asia mostly down arrows, in europe that stocks also down, ftse down 5 points, cac down 24 and dax 77. >> nicole: let's check out u.s. stock market futures. the trend down to the downside. 112 points, s&p almost 14, nasdaq futures about 3 quarters of 1%.

the pressure is on this morning. >> lauren: the fourth down day in a row. coming up can the director of transformers pull a new movie on the attacks on benghazi. >> no jurisdiction in the country. we are not even supposed to be here. >> losing initiative. >> stand down. >> 13 hours, secret soldiers of benghazi. faceoff in an epic overtime battle and coach coughlin resigns. stocks for the dow, s&p and nasdaq down four days in a row. you're watching fbn:am, first look at morning markets and breaking news ♪ ♪ ♪

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>> u.s. embassador. >> you are not the first responders. you will wait. >> we have no jurisdiction in that country. wir not even supposed to be here. >> losing initiative. >> stand down. >> if you do not get here soon -- >> we are all going to die. >> lauren: highly anticipated film, 13 hours, the secret service of benghazi set to premier in less than two weeks. in hopes to capture their fight to protect dozens of americans. last night the real heros sat down with megan kelly.

>> it's amazing being with your brothers and fighting. , being there and being with them and having the fate that you're going to defeat all the obstacles. i relive it. >> lauren: four americans were killed that night and they believe the film will help honor their sacrifice. >> nicole: we saw a mix bag in asia. ftse up 1 point. cac down 23. half of 1%. much of the dax as well. >> lauren: finally some green. this is what the u.s. stock market futures look like. dow sellingoff, 114, s&p down 13 and a half and nasdaq almost 30. >> lauren: let's take a look at what is going on in sports. it was a battle for the ages between the top college teams.

number one kansas and number two oklahoma. three overtimes to decide the winner. kansas came out on top. graham hit the go-ahead free throw giving kansas win over second-ranked oklahoma. 46 points for oklahoma. new york giants two-time super bowl winning coach out, he resigned after meeting with giants owners yesterday. resignation came one day after new york completed losing season. led them to two super bowls championships but the giants have missed the playoffs four years in a row. >> nicole: well, coming up we will run global market action before we hand it over to mornings with maria. stay with us. future down taking down

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>> nicole: after 7% selloff, today one quarter of 1%. thanks pboc. we are seeing the mix bag. nikkei and kospi down. ftse is giving it a go but the cac and dax over one half and 1%. right here at home, more selling, we saw glimpse of green but today right now this morning 118 to the downside for the dow, oil pulling back by three cents, gold banes a buck 80, that's what we are watching as far as commodities. taking you through the next several hours is sandra smith. mornings with maria start right now. >> sandra: good morning, everyone, with me this hour is

fox business dagen mcdowell. [laughter] >> sandra: he's looking good on tuesday morning. top stories this morning, president obama to announce executive action on gun control later this morning, which includes expansion on background checks and buyers will be checked when purchasing guns from dealers even if they're bought online and gun shows, the president is bypassing with the move and gop candidates are fighting back. >> the word that president obama is going to abuse his power to try to cease our guns. >> this president needs to stop focusing on what he's constitutionally forbidden to do. >> because they reject your ideas repeatedly and now you're going to try to impose them anyway. that's not democratic. >> one thing is for sure the debate over gun control is boosting shares of gun makers,

smith&wesson with earnings for the year, strong demand at gun shows. the stock popped after hours of trading. kuwait becoming the latest country to side with saudi arabia. it's calling embassador to iran. it's unclear whether kuwait will cut full diplomatic ties. checking the markets this morning after yesterday's selloff this morning. we are expecting more selling this morning. look at that. u.s. stock market futures down across the board. dow futures 123 points, s&p futures down 15. checking on the overseas action where we, again, saw big selling yesterday over in europe, the major averages had been moving between gains and losses. right now they are down. the ftse in london just barely at the -- at the flat line, cac in france and dax in germany down.