>> here comes the closing bell. david and lauren simonetti at headquarters to pick it up on after the bell. lauren: merry christmas and happy hand -- hanukkah and a few catholics in ireland. lauren: stocks fighting for any gains, climbing in the final minutes of trading before the long holiday weekend. major averages ending higher for the week. the dow higher every day of the week since election. i'm in for melissa francis. david: just barely. a lot of other news going around the world. here is what we have for you this hour. the terrorist behind the berlin christmas market attack is dead after a shootout with police in

milan, italy. details on who he was and how he crossed over to european borders. isis issues a new threat against thousands of churches here in the u.s. during christmas. the critical united nations pinning president obama and president-elect trump against each other with one of our closest allies, israel caught right in the middle. speaker paul ryan calling the actions of the white house shameful and donald trump has just weighed in. we will give you the details. lauren: let's go back to the markets, dow is struggling for gains but finishing at the high of the session, up 145 point. 9,333, longest winning streak in two years, how about that? oil hitting a high for the year. trader is at the cme in chicago to tell us why and adam shapiro on the floor of the new york stock exchange. adam, we were so close to dow

20k this week and we lost momentum and started resistance. who were the biggest names holding us back from the milestone? adam: you want to play the blame game? blame canada first. let's get right into it and not because canada is going to buy from boeing an not lockheed. one of the biggest as far as losers for the week. at the end they were down but you can adjust a bit. wal-mart was down 2.1%, pfizer was a drag 1.2% and united health group 4.7%, united health group we want to change that 4.7%. but there were winners and losers. mycon up. bed, bath and beyond. lauren: thanks so much adam,

right back at you. oil hitting new high and gold is tumbling in the first time in a row. the question s what's the driving force behind both of these, hey, scott? >> well, the three numbers i have for you, we have been in dow and oil and we are not moving far from those numbers because the tenure is also sitting where it was. there's just not going a lot going on right now. we can't read too much into it. we have to take stock in effect that's there's not a lot of folks playing the market. there are a few things that are winding their way through. at the end of the day, say, for gold we are not recognizing inflation, have really not fallen through the market, the week hand in gold is sill long and getting out probably 11th hundred level. market has been pretty frustrated right now.

we have been talking about dow 20,000, the market is so frustrating it could drive a wooden man nuts. we will wait and see what we get next week. lauren: happy holidays, thank you. david: major indices sliding lower. has the trump rally stolen all of the steam here steve cortez. steve, first to you, i'm just wondering how long this market will be on pause. my suspicion is it will wait until inauguration date, finally when it sees something happening. so far they've seen a lot of talk but not much action, is it going the wait until inauguration day before it gets going again this rally? >> you know, david, that could be be or at least until the new year. let's remember the markets boring today. it's a little frustrating this week for people that wanted the 20,000. let's shown how far we have come

in the last few weeks. unbelievable rally and even for the small cap which i'm heartened by as a trump guy, someone who participated in the campaign. dow is doing great, s&p doing great, the russell is doing even better. david: right. >> main street is growing and should be by the end of the year. david: focus on deregulation to help smaller companies in america, that's great if it works out, but is the market waiting to see how he works out as president? >> no, it's not waiting at all. you guys are watching the average and there's not much action in the averages. if you're index spun investor, it's not very exciting, but look underneath the hood. there's been a tremendous change in leadership. i'm seeing gains all over the place among -- david: still even in the past week you're talking about? >> yeah, i was looking at stocks that are expected to benefit from infrastructure, that have

high tax rates here in the u.s. and who are expected to benefit from reflation in particularly. david: why? >> i still see stocks moving. this trump bump is not fully played out in some of the names, but, you know, the value managers are stoked right now. the index indicate vestors are not going to see much action. david: jack, your publisher is pleased. >> i get ten cents for every plug. david: lauren. lauren: donald trump fighting in an effort to slash government spending, fighter jets, based on tremendous cost and cost overruns, i've asked bow to go price out comparable f-15 super hornet, all right, let's talk about it.

hi, guys, good to see both of you. is this a good move, he's asking like the ceo of our country, a business leader trying to save us money or is he trying to deincentivize business right now? >> if you're asking me, i think anthony weiner was less controversial on twitter to be honest with you. -a reason we don't handle weapons procurement and bidding on formats like twitter. i understand what he's trying to do. the good is that people discount some of this flamboyant language. i always look first at the stock prices. is lockheed plunging, no, is boeing soring, no. people are taking this with a grain of salt. lauren: go ahead. >> i think it's more substantive than that. i think that both of these companies are going to do very well and we need to build defenses and trump ran on that largely but he was elected in part at least because he is a deal-maker and because he convinced the people that we need to bring some of that

business knowledge and no how to washington dc for far too long giant multinational corporations via their case of loyalists, lobbyists and lawyers have gotten just about what they want and that includes defense contractors. i think he has put them on force one, fighter jet projects, he's put them on notice that trump -- donald trump has first and foremost the back of the taxpayer and that they're going to have to compete for tax dollars in the way that they never did before, whether it's defense contracting or government contracting. i think this populist message is important, it's part of why he won. >> there's also a competitive bid, of course. i'm just not sure how twitter plays into it. david: okay, by the way, there doesn't have to be a competitive bid. that's part of the problem. it's nice to see competition in this area. the meanwhile business cabinet fighting conflicts of interest, actually traded $300,000 worth of stock in health-related

stocks while pushing legislation that was affecting the same companies. meanwhile, carl icahn, special adviser to president elect, may also benefit privately from what he will be doing, cutting red tape. jack, does any of this bother you? [laughter] >> i mean, what were the appointee, secretary of talking his own book. that refiner that he has in portfolio went up 10%. he goes on television, of course, he's talking about a need of less regulation, we have to help them to earn better prits. it's dicey. not official enough to require senate confirmation or divest any holdings, it somehow is official enough for him to go on television and talk about where we need regulation most, which happens to be in his book. i think it's problematic. david: steve, americans voted overwhelming at least in the states that counted in this election for a president that has business experience and, of course, he was going to appoint people who have business

experience to help him out to get this country move again. of course, there are going to be conflicts of interest. >> exactly. i will be the first to concede, this is a unique situation. we've never elected a citizen president before, someone who didn't come from government or the military and not just a citizen but a mogul who has enormous private holdings. as i would say as trump baker, at tend of the day, if you believe he's doing for the bottom line, i think it's i logical. he spends $66 million of cash, he ignored businesses largely for a year and a half so he can take on this campaign. he's doing this, i believe, as the closing chapter of amazing life. he wants to do for america what he did for himself and for his employees. this is not about his bottom line. he's already rich. he's fine. it's about allowing america to get rich and if not allow to get rich to pay bills. so the idea that he's in for self-dealing, doesn't make sense on its face. having said that too, we have to be careful, team trump has to be

careful about the appearance even of impropriety. lauren: this one has to do with charity and government colliding, trump taking yet again to twitter to voice frustration over the fact that son eric will be stepping down from his charity. this is the tweet, my wonderful son eric will no longer be allow today raise money for children with cancer because of a possible conflict of interest with my presidency. isn't this a ridiculous shame? he loves these kids, has raised millions of dollars for him and now must stop, wrong answer. jack, now -- [laughter] >> throw me in front of the train. [laughter] lauren: come on. >> look, i'm for kids with cancer getting better and for people helping them but you can't -- you run against someone who has a charitable foundation and you accuse them of, you know, influence peddling and here you have charitable

foundation, they're not just influence peddling, they are influence auctioning and you get a better problem. they're making the right move. hopefully they can find another way to help. lauren: auction with ivanka trump for coffee topped $70,000 and they had to kill it. steve, donald trump went after the clinton foundation and arguably hillary clinton got the negative line up against her for her inability to separate herself and distance herself from the foundation, so shouldn't the president elect donald trump realize the same thing with regard to this? >> i agree. appearances do matter here. by the way, i think that's why they are making the right call here. it is ashame. i agree with the president elect, it's ashame that eric won't be able to raise money for the cause that's so near and dear to his heart. right now what's most important is to totality of america and what we need to do to get growth

and security back for the great country, part of the way to do that is to remove even the appearances of impropriety. this was the right call by team trump. these are issues and we are going to in a smart and deliberate way team trump work through them which is why they delayed the process on how he's going to handle private interest, a lot of answers forthcoming for the american people. lauren: jack, steve, happy holidays, thank you. >> thank you. david: hundreds of flight delays and cancellations bringing the holiday travel rush to a grinding halt for thousands of travelers all over the country. what you have to know before you head out to the airport. lauren: critical united nations vote hitting president obama and president-elect trump against one another when it comes to supporting one of our closest allies, israel. why netanyahu, the prime minister has now turned to trump for help. david: germans breathing a sigh of relief after the suspect of berlin christmas attack is shot

dead but they are not so sure of how they hear the details on how far he got and the ties to isis. >> it's a relief because there's no more danger but i don't think it stops there. >> i can't say it in english. [speaking in native tongue] >> justice, yes.

lauren: turning into the investigation in monday's truck attack, the 24--year-old tanasian suspect shot and killed. blake: the most wanted man in germany and the most wanted man in europe is now dead.

anís amiri shot and killed in milan, italy overnight. amiri has been on the run since he was the only suspect in the berlin christmas market attack that killed 142 -- 12 and injured dozens more. here is a series of events that led to killing according to italian authorities. in the overnight hours, amiri was stopped by a couple of police officers for what officers viewed as suspicious activity and shortly after he was stopped, they said amiri reached for a gun and began firing. that is when the officers returned fire and amiri was killed. we are learning more about the potential motive behind the attack. a video shows that amiri had pledged loyalty to isis. now, that video does nod have a date on it, so it remains unclear whether it's new or old, somebody where in the middle but the video was indeed posted to isis' website. lauren, david, back to you.

lauren: thanks, blake. the police officers stopped him simply because he looked suspicious, for no other reason. thank you, blake. david: andrew mccarthy pinned an article that islamic enclaves in europe are even bigger problem than trained jihadists entering nations. he joins us now. andy, good to see you, you're not diminishing in any way, shape or form the threat of refugees who might have been recruited by isis but suggesting that the islamic enclaves are a bigger problem, why? >> i think, david, what i'm saying that the problem is much bigger than what we acknowledge it to be if we focus only on the jihadists because the enclaves in which is islamic supremacist, that's where the recruiting happens, that's where the

recruit asking arranged and plots are hatched. david: right. it's like an evil version of the underground railroad, the point is they can get around in all of these neighborhoods, there's one in particular that we remember in brussels, it's not just in germany, that's called molibek, i believe, one of the terrorist responsible for the perisian bombing hid in plain sight. >> there are dozens of neighborhoods in germany that fit that description and i point out that just listening to the report that you just had, one of the things we haven't heard is how did he get out of germany. the fact is he was killed in milan, he's obviously heading south, probably in the hope of getting back to tunis or some place in north africa that's an

isis stronghold, but the point is he was able to make his way out of germany notwithstanding that he was supposedly, you know, the most wanted man in all of europe. david: out of germany and crossed two frontiers, france and italy from there. muslim leaders in the united states say that couldn't happen here, muslims who come here even from areas where there's civil wars and where isis is active, muslims here assimilate in a way that they don't in europe to which you say what? >> so faruslims assimilate here, if we are going talk about it at the 50,000 level better than done in europe simply because we don't have the problem they have of proximity to the particular islamist strongholds. nevertheless, what happened in europe can happen here which is as the numbers get greater and they reach a critical mass, you do find this resistance to assimilation which is why it's simply insane that we would

allow a mass crossing into our country of migrant. david: yeah; you do have a growing number of individuals in the website, you can find a list of individuals who have been spending money, sending money over to isis who have been arrested for it but you do have a growing problem in the united states as well. >> you sure do. you know, part of the reason that we have it is because we won't face to some of the things that we proved in court, for example, that in radical areas the mosques and islamic community center is actually a hub of conspiratorial activity. i hate to say that but it's been proven in court. david: this is the guy who got the blind shake, remember his involvement in the first world trade center involvement. good to see you, thank you for being there. have a merry christmas. thank you. lauren: u.s. allowing antiisrael measure to pass by sitting out in a crucial united nations

vote, we will have more on this next. vladimir putin responding to claims that russia is responsible for the democratic loss during presidential election, what he says was really to blame for the party's failure in getting its people elect body's hurt, but there will still be pain. ed.

david: breaking news, u.s. just abstaining in a u.n. vote condemning israeli settlements, something that israelis tried to prevent. >> donald trump tweeting out, as for the u.n., things will be different beginning january 20. >> and paul ryan, saying this is shameful this is a blow to peac peace. our unified republican government will work to reverse the damage done by this administration, and rebuild our alliance with israel.

ambassador dan gillerman former israeli ambassador to united nations. on first part of what speaker ryan said, comments about security of israel. highway will that security be affected. >> thank god israel security did you not depend on security council of the u.n. but on its own security forces. israel is proved time and again this it is rely on no one, and only on itself, and will continue to rely on itself, to do what is best for israel security. and israel's future, their the united nations resolutions come and go, israel is there to stay. david: this particular resolution was interesting, at first egypt was backing it to condemning israel, then the president of egypt got phone

calls from donald trump and israelis, did you coordinate to pressure egypt to withdraw from bac backing that resolution. >> we have a very good relationship with egypt and the president. we i think were ain't to cop vin the president that -- w able to convince this is a pad idea. david: to use the word we, there is over delay here. did you coordinate or did israel coordinate their effort to pressure egypt to withdraw with donald trump? i. >> i cannot confirm that, but i think this is a possibility. because donald trump in a few days will occupy the oav office.

it is possible that israeli sources have aircraft proved donalapproached donald trump, but there is an open line. amazing thing while president of egypt. has realized this is a bad idea, president of the united states thought it was the the right thing to do. i think in a very sneaky, unfair way has brought about it very shameful act which i think is a total betrayal of israel. also part of a very sad pattern of his legacy in foreign policy in the middle east in general. >> do you think that president obama coordinated his actions with those who backed the resolution against israel? >> i would not be surprised. this american abstention which

is historic, have never seen that, could not happen without the advice, consultation, with the united states, other countries would never have submitted this resolutn had they thought that veto it, this is just another proof of the hypocrisy, the weakness, and the lack of leadership which the president of the united states has shown toward his ally, toward egypt by throwing a mubarak, a 30-year ally under the bus, and drawing red lines in syria, and making assad and putin and iranians rein in the region, what happened tonight is shocking and upsetting but not surprising. david: strong words, ambassador thank you very much, happy hanukkah. >> thank you happy holidays

and happy new year. david: lauren. lauren: donald trump stoking the fires with china, why the country is warning of a showdown with the u.s. that is coming up. >> and putting america security first, why donald trump is doubling down on his call for nuclear expansion. >> cannot afford to allow any country to think they could engage in nuclear blackmail.

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david: we have breaking news on actress carrie fisher, according to tmz on a flight from london to los angeles, she suffered a massive heart attack. she was given cpr by passengers aboard. the plane arrived in lax about an hour and a half ago. she was rushed to a hospital, as soon as they landed, we don't have information right now about her condition. but again, carrifisher suffering a massive heart attack flying from london to l.a. we wish her the very best. lauren: we do. well president-elect trump taking charge, calling for greater nuclear capabilities. tweeting -- until such time as worldcoms to its senses regarding nukes, and reportedly doubling down, saying, let it be an arms race, we'll out match them at

every path. and out last them all. here now, lieutenant colonel ralph peters, good to see you. >> merry christmas. lauren: merry christmas, the timing of this. >> on one hand it happened. after vladimir putin held his annual end of the year press conference, he said, russian warheads could penn state the u.s. defense -- penetrate the u.s. defense system, but it also happened after donald trump had a meeting with the military generals. >> i think, real trigger was this week, vladimir putin, made the ill advised threat to russia would develop new weapons that would negate u.s. nuclear capability. trump to his credit was not having that, and he came back and he was simultaneously meeting with our nuclear triad force commanders, he said no,

we'll proceed fore fully with our nuclear ford ernization. -- modernization, this is essential that we modernize our nuclear arsenal, it is not a vast expansion, but we have been putting patches on the knees, and elbows for so long, even obama administration recognize that we need nuclear modernization, delivery systems and warheads. to donald trump's credit, unlike president obama, he called putin a bluff, saying, you want an arms rate you got one, but there is is not good-bye to be an -- not going to be an arms race because putin does not have the money, he is bluffing. lauren: a great point, i want to listen to incoming with u ing with us on hous -- white house press secretary said. >> this president is not going to sit back, and let america

sit on the sidelines we will put america's security first and foremost, a warning to nations, unless you come to your senses, america is not going to sit back. lauren: is he threatening them in. >> no, i think -- the time for a renewal of strength. and in addition to modernizing our hardware, and computer software, for nuclear defense and nuclear weapons use, we need to revamp the doctrine, obama has really let it decay. and world needs to understand, as it understood the depth of cold war, we will not be blackmailed. and we will -- if necessary even use it first, we don't want to, but you have to take a strong position, they have to be so terrible that nobody wants to use them enuclear weapons, have kept the peace in europe, for the longest period of peace europe has experienced.

lauren: lawsuits lawsuit lieutenant colonel ralph peters thank you for your time. >> vladimir putin admonishing obama administration, for putting blame on russia for election losses, putin said this, democratic party lost not only the presidential elections but election in senate and congress, that also my work? he accused democrats of losing sight of needs of average people, and said, current presidential administration is quote, dividing the nation. >> and china latest threat, chinese media warning of a showdown with the u.s. following president-elect's appointment of peter navarro as head of national trade council, global times writing if washington dares to provoke china over core interest, beijing will not fear setting up a showdown u.s., pressuring the latter to pay respect to china, here is steve forbes.

a little sabre rattling going on? >> i think they are feeling each other out. i think that trump started it with taiwan call, that made it clear, what has been going on before was not going to be allowed to continue, one thing that has to be done is disabuse the chinese, one that we're a declining power, and two the south china sea is not their lake, you read that statement that china out out, after that released that drone, they said, you go in our waters, you will have dangerous things happen to you this is preposterous. david: there are laws that prohibited china from doing this. >> they are in international waters there are laws about how much of water off of your shore belongings to you, they are international waters, that means naval patrol, china has to get used to a new regime in washington. david: on trade, here is what chinese are saying, china are

u.s. trade is beneficial to both countries, don't do things that hurt others, with no benefit to yourself. but are they not getting away with a lot of stuff that only benefits themselves? >> well, i think if you focus on things like stealing our trade secrets, and cyberattacks in the and the like, not getting our companies open compete openly in china. like google and others, those are legitimate issues, that is where you i think can hammer them. david: peter navarro who has written books about china, and how they are eating our lunch, essentially, he is heading up national trade council. what do you think this group will do in. >> i think they will find make warnings about trade deficit, about discrimination against american goods, dumping into this country, commerce department now monitors

dumping you sell things below-cost in u.s., well are plenty of laws on books to deal with that, this anxious -- >> does not sound like you are too concernd. >> it matters with what president decides happens to it. david: donald trump getting a lot of charges of being a protectionist from les different quarters, i dug up old piece 1988, right at height the ron reagan presidency. even ronald reagan, was accused of -- back then it was japan, japan was to u.s. what china is to u.s. now. he ad add -- that japan is parts of the problem this is where government can legitimately be involved and impose a 110% tariff on certain japanese products because he said they were

dumping memory chips to u.s. >> overall it was advance of free trade. the historic agreement we reached in mid 80s with canad canada. >> the point is -- back then ronald reagan was called protectist, is this the same thing. >> i think that donald trump is by his speeches, has been much more emphasizing on trade than ronald reagan did. but the question, what did to they do, one thing contributed, are remember 1987 crash in stock market feeling that u.s. congress was running out of control. and would smack a new tariff. david: steve networks good to see you -- tune in, tomorrow at 11 a.m. to fox news channel. lauren: we have update to breaking news, "l.a. times"

now reports that star wars actress carrie fisher is in critical condition, after suffering a massive heart attack on a flight from london to los angeles, she was given cpr by passengers on the flight, then taken by paramedics to the hospital, we'll bring you any updates we'll be right back.

david: a lot of travelers looking to get home for the holidays fox news jonathan hunt has details on the delays. >> you know it could be worse here at lax. on other hand it could be better. overall today, there have been 173 delays, majority of them on incoming flights, there have been just half a dozen canceled flight, bad news is that it is likely to get worse here. on the way is what local like to call a winter storm, i believe the rest of the

country calls it, rain. but it will make a difference here. >> we have weather coming in we'll have very large crowds. expects long lines at ticketing counters and elsewhere at airport, be know that you are traveling with everyone else that wants to go home for holidays. reporter: around the nation as a whole there have been 630 deployed flight deployed flights, listen here. >> nerve-racking, parking was insane, and hopefully, security is not too chaotic. >> it is really crazy. i was not particulars so many people. >> you have to come early and be mentally prepared to stand in line, and wait. reporter: advice from officials at airport across the country, david and lauren, if you are traveling today, or any day of this holiday, get

to the airport early, back to you. david: all right. thank you jonathan. lauren: they always say, that we never disis now -- we never do. >> isis sitting sites on new target telling terrorist groups to attack u.s. churches. coming up.

lauren: isis encouraged its followers to attack u.s. churches over the christmas holiday. and published names and addresses of perspective targets calling for by celebration in the christian new year. joining us now rod wheeler, in hello.

lauren: fbi and department of homeland security saying there is no specific credible threat, but come on, people are still concerned. what do you tell our viewers who might be scared to go to church on christmas? >> well, we can't be scared. we have to understand that you know that propaganda that comes out from isis, and al qaeda, and all the other groups, part of their intent is to make people fearful and scared and not enjoy christmas. having said that, i can tell you, and assure the viewers that law enforcement agencies across the nation have significantly ramped up, i know for a fact, we had a meeting today, everyone was talking about ramping up security, not only at the churches this weekend and next. but also at shopping malls and other areas where there are what we call soft targets, we know that soft targets are now the choice target for the types of groups.

lauren: how do you prevent a truck from crashing into a malor a marketplace? eye mall or a mark marketplace. >> we need to do law enforcement needs to work closely with community, in which they serve, number two, you have to have a plan in place to, you have to be aware, be aware of your surroun surroundings. if you see a truck out of place notify your law enforcement right away. they are looking for box trucks and things like that, that may not be where in areas where they are not supposed to be. lauren: we're talking a lot about vetting muslims as they come in into country, boarder agents -- border agents asking to look at social media accounting. >> that is a good move, donald trump talks about our need here to vet these individuals, the refugees, coming in to

this country, and not just the refugees but anyone coming in, and here is why it is important. we know in law enforcement that these groups, al qaeda and isis, they com communicate with social media, if we can monitor that a little bit better we may be able to intercept something that may be leagu being planned. lauren: and work with social media too maybe alert us, i want to leave you with this. i love this berlin christmas market reopens it was packed with people celebrating the holidays. >> that is what we're going to do here in u.s. >> happy holidays. >> same to you. david: we need good new christmas news, we have a tidbit about a town, aclu demanding a cross be removed from a town's christma chris christmas tree.

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lauren: it's been a tough week. david: a lot of serious news. lauren: we have bright news ahead of christmas, residents in an end ye indiana town outraged two weeks ago after a cross was taken off their christmas tree after the aclu sued them. david: cross has reappeared there is an aclu condition. it cannot go on top of the tree, this pleased no one entirely, but it was a compromise made just before christmas. lauren: how is that offensive, you can barely see the cross. >> it is calls christmas tree

the word christmas comes from christ. lauren: who died on the cross. david: it was just in time for christmas, have a wonder tall christmas and happy hanukkah, thank you for joining us, "risk & reward" starts right. >> just days before christmas, u.s. cities on high alert again after more warnings of a possible domestic terror attack. this as an arrest of an isis sympathizish just made right here at home. web to "risk & reward." new york police deputy, fbi and homeland security,ing a joints security bulle