we'd love to hear it. send me an e-mail or go to our website -- strangeinheritance.com. slope. "fox and friends" and we will see you tomorrow. stocks rock the down s&p 500 and suffering the worst start of the year ever. consumers even rockier. a majority of americans do not have an extra $500 in the savings for emergency car repair. yet the economy is adding jobs last month. someone says don't let that number fool you you. we're looking at another recession. are they right? i am megan -- >> gary and john layfield and along with susie and welcome to everybody. gary b, are we headed to another

recession this year? >> i think that we are with. every sign that i look at points to a really nasty year. i mean just to even look at the jobs report and that great number, wages were actually done from november. the labor force participation rate is like it was in the 70s. it's just horrible. it's just across the board. one item after another. oil prices in my mind are signaling a lack of demand. >> yeah, absolutely. john, even if you look at the people and then the number that's a better measure of

unemployment is still close to ten percent. >> yeah, that's our problem for the participation. it's the worst week ever and 1897 might have been the worst since 1929. now, i am not splitting the hairs here, but those were not goodyears by the way. i am not sure that's going to happen by the way. the labor force and jobs and how that works is that you have a lot of jobs created and that's good. you have 500,000 people in the workforce and that's also good. however, that depresses the wages and they do not have to pay more to add to the workforce. 10 million jobs are created and 30 million into food stamps and it's awful here. we're at a t here of where we're going to o go and with a

political election coming up, nothing is going to happen in dc. we're at a four year low, and nothing is happening and this is not it. >> what is the market telling us? is it saying recession in just the last five days? >> i am with gary and john on this. unfortunately the answer is yes. probably we're heading into another recession. this is another scary part to me. i am not sure that we're out of the last recession. maybe technically we were. you name that about the american families do not have $500 on hand for emergency. how about a poll in november says that 15% of americans consider them underemployed or out of work or having part time work and looking for full time. that's crazy. everybody knows one or two people that are underemployed. the the problem is at home. the problem is here and it's choking american business and

cost and productivity. in the eight years in the bush administration there were 76 regulations. it's suffocating. >> don't you worry about the confidence being really slammed here. if people worry more, it can cause a recession. >> well, if you're going call the recession because the average american does not have two nickels, you can do it. this goes back to the late 90 rz and the person did not have anything. if you take out the finances workers it's under 600. this is not just poor people people make it 100 to $150,000 a year. they can't come to $2,000. americans would like to spend money, and that's why we beat a country like japan where people save a lot of money. this is the reason. if we're going to have a session, it's the drill session and drilling around the world and back by default.

>> that's concerning larry when you try to compare the u.s. to japan. we look better than japan and they have been in a recession for the last three decades. >> no question because it's better than expected. that does not sell the whole story. it's definitely not throwing away and it's not in the past like the reagan administration and it's twice the rate as today. wage was not existence and part times jobs are replacing the full time jobs. this is an economy that's limping along and it's been saved by a giant tax guy. it saved the worker. this is a terrible economy and it's not where it should be. they never escaped, but cannot go out of a basement window and then there are better times in part because of low gas prices. >> it goes to the point and

americans have spent only half of that and they're worried that some of that they're socking away. that could cause a recession. >> yeah, absolutely. two year point dig and let's look at macys. they're about one or two steps from bankruptcy. my goodness, look at walmart over the last year or so. you have f walmart and macys krad erring. that shows me that the consumer is worried and there are not spending. they're saying the tech people are doing it. i tell you what, after this week i am not sure that there's a lot of people that have $500 in their pocket to spend. >> again i think that there's a chance of the recession, but it's only because of the collapse bubble and they had nothing to do and everything to do with over speculating and

over drilling. i don't think -- it's the five percent unemployment rate. how much better is that going to get? that's a good level. we have low unemployment in 99. i think cannot say right now the economy is on the edge. it's not really that bad in the united states. maybe elsewhere. >> john, that's the point. there's a five percent unemployment that people are talking about. people are not participating in the labor force. they have given up. it's like a near 40 year low and they're just sitting back. that's the state of the country and the way that people feel. >> yeah, you look at labor force participation rate from 80 to 2008 and there was a boom. it was about 62 and a half percent right now. 94 million plus americans are unemployed and not in the labor force. that's not counted in the five percent. that only counts the labor force. this is the lowest in 1997. the one thing is suppress the

volatility and cover up in the government by the low interest rate and all kinds of free money. just as china is finding out, the era of free money has to come to an end at some point. the experiment is not working. then you're looking at dc and we need something to come out of there. the oil at $32 a barrel is not going produce jobs like it was. we need tax and immigration. it's every single week that they're running for re-election, and because of that, we're not going get it. >> the crisis was caused by high oil prices and a weak dollar. now we have the opposite. we have a strong dollar and low gas prices. the consumers two-thirds of the u.s. economy. nothing benefits. >> it was a real-estate back by that. it was not because of that.

>> it happened with you housing prices and the world was taken to the knees and the same thing is happening with oil. that should spell recession. >> we can talk about oils to the cows come home and the problem is that they're not growing and the economy cannot grow. businesses are being strangled by the regulation. look the only place that there's big job growth is in the federal agency and that's increasing 6 approximate point 6 percent. they're filling out the forms and the rules. yes, oil and my prices is the list of reasons on and on. nothing is going to change that because the businesses are being held back. >> that's right. worst start to a year ever.

ladies 20 minutes from now and neil what do you have? >> lots of worrying about a better market and it's baring the head around the globe. should we be worrying more of what a russian bear and paper tiger are doing around the globe. we will map it and tell you whether you should be worried about it. >> thank you neil. an assassination asercht on a philly officer in the name of isis. is this more proof that we have to spend whatever it takes to stop it before they strike?

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prison. now, back to bulls and bears. terror on the cells and then shooting a philadelphia officer several times close range and then telling them that the allegiance is isis. now it's a task force and then counter the propaganda and then you're saying we need to do a lot more and a lot faster. >> yeah, when i heard the words, i said next we're going to have a problem. i think this is such a washington solution to a real

life problem. by washington i mean slow. i am not against the task force and sometimes they come up with the ideas. let's give them a two week deadline and move them along. more than anything to me, this is a show me the money moment. this is when we rial kate the resources and doing things like finding ways to sort of increase the parts per million and all of the things that the regulations are doing and take that money and put it on the training and surveillance. the task force becomes business and all talk and no action. thank god he is going to live and it's not the tragic ending and it's going to happen gain unless we get down and really put some real money. not just task force were but the money behind the training and surveillance. it's got to be more. >> yeah, and the government and private companies have done so little to counter the propaganda. it's the radicalizing people around the world. >> if isis is today's threat, we

have to take it out. that kind ever o money has to get reallocated to the threat. it's hard to ask all of the tech companies to do the spying on it. maybe do the internet that the government provides. since it's from the government, we can track everybody. cannot look at dirty pictures or so i have heard. it's an expensive allocation and creative thinking that's going to be needed and task force and asking google to do it for us. >> if these companies were more at monitoring the activity and taking it down and trying to counter it in some way, we would not as a nation need to spend that much money. >> look. i guess that's a good point. my side is that that's not private industries role. this is the government's role. i think that he has hit the nail on the head. we're fighting yesterday's wars.

the obama administration hired and we have 50 people -- only 50 on the pentagon's isis command team. what war are we fighting here? i think that this is ridiculous. we're on the cuff of a world war. world war three here. we're fighting dumb or old ones and we have to rial kate and you see donald trump saying that we need to put together a task force. we need some leadership in the oval office rights now, and we sure do not have it. >> i will answer that. no. john, what do you think? >> we spent tens of millions of dollars spending and free the island. this is an ignorant solution.

it says as soon as he was talking about and that's what to expect. these guys cannot run anything. these guys did not t know that mrs. clinton had a private server. i tell you what you do, download and find the computer hacker and have them hire one of those guys and give them a bounty. that will solve the problem. those guys can get it done. >> larry, here is my idea. if you're going announce a propaganda program that's going to go online and tryrecruiting, announcement to the world. >> it's like an election year to avoid the hardware of what needs to be done in the middle east. before it gets over here, we have to get to the heart and solve the problems with respect to everyone involved. >> larry, and thank you very much to everybody. up next as we release more

the top commander over seeing guantanamo bay. >> some of them are more affective in being bad boys than others. >> we debate and you decide next. today on cashing in. north korean acting up as they flair up and markets go down. plus a tribute to one of our own. own. we look back to the

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three more deat a knees going and first of 17 to be released in the new year. it's all happening as the retiring commander is saying this about all of the detan knees. >> some of them are more affective than the bad boys than others. i think that we can all kwifl on whether it's enough you to have them pay nor their crimes. >> he is calling them all bad. what do you say? >> i will go to the decision and one of the dumbest things that we have heard. we have heard them go from gitmo

and back to the battlefield. if these guys have one day left in the life, do not let them see the light of day. >> larry. >> how foolish and they will go off to the sun set and hang out and never be heard from again. of course they're going to come back. >> president obama is in full legacy mode and there's a campaign promise. you can just see the president's last state of the union or announces and i promise to close it when we close and then he gets the big round of applause and then the standing ovation. it's a crazy decision and it's about to do can a campaign promise. does not make sense.

>> i agree with kelly. some should be killed on the battlefield and others let go. that whole navel base needs to be shut down. cannot have a prison that you can run generators to get power because we do not get it from cuba. put it where it's cost affective and kill the other ones and release the rest. >> the u.s. banned by congress and nobody wants them here. right gary b? >> right. we can not put the prison elsewhere right now. we know that 30 percent of them reengage. anybody have a better solution, let's do it. right now there's none. we need to keep it. >> thank you. i want to thank larry and susie for being here. thanks guys. coming up the name that could mauk ymake you a winner whether you win the power ball

or not.

next stock is up 20 percent this week. >> i own ford stock because of

wayne rogers recommendation. wayne, we love you and going to miss you like crazy. ford is up 20 percent. >> we loved wayne so much. cashing in will a tribute coming up. wayne, god speed. neil is now. the world on high alert for another global bear. should it be on an even higher alert for certain russian bears? everyone may issue a threat and the paper tiger and welcome and will china landing more planes on one of the disputed man made io islands there and jerry willis saying look out. countries often move mill tarly and we often pay a