>> thank you. liz: [laughter] >> i've been cryogenically frozen for 50 years. [closing bell rings] liz: there is the closing bell. it's a tough day on wall street. with all kind of plates spinning in the air. we're not stopping. connell: quite a lead-in. melissa: red across the board. another volatile day on wall street. all three major averages extending losses for three straight days. fears of a government shutdown, all kinds of things. the dow down 471 points. we're watching it settle out off the lows of the session, wow, quite a hole we dug ourselves in here. connell: in the settlement we came back, like 50 points there. that is the kind of volatility. i'm connell mcshane this is "after the bell." s&p 500 touched a 16-month low today. tech-heavy nasdaq lower, came back and dipped earlier in the day into bear market territory. we got you covered washington to

wall street. we'll get a live report on the trading day from gerri willis on the floor of the new york stock exchange but blake burman at the white house with all that was happening or not happening there. you first. take us through it. reporter: hi there, connell. think you're coming to me. we just heard from president trump there a little while ago saying some principles are worth fighting for and because of that, he is following through on his threat to potentially have a post shutdown here come tomorrow night at midnight. that would involve 25% of the government. here is the issue at play. the president wants $5 billion at least for border wall, border security, somewhat modifying that it could even be for steel slats, considering those things are steel and see-through. there was a bill up that was passed by the senate last night. but the president saying today he would not sign that bill. so right now there is all sorts of confusion and questions how

washington, politicians here and white house and capitol hill will figure this whole thing out. there is an amendment discussed within the house of representatives. do we have the sot there? let me know if we do. with the house of representatives, that would involve $5 billion worth of border funding but it remains to be seen even if they pass that, how that would go about. senate, clearly not the votes there. many republicans up on capitol hill are urging the president to take a stand on this issue. >> when it comes to securing the border on behalf of protecting the american people i believe what we have to do make sure we're willing to make a bold statement. now, republicans we have to be smart and have an exit plan what this looks like long term. want to make sure post -- government employees are taken care of but we this is hill we should die on. >> the house will take up its own measure that probably

doesn't have the votes in the senate. the road map going forward, dicey, very murky at best. connell: uncertain, blake. that is something gerri willis is watching on the floor of the new york stock exchange. certainly played into the trading day along with other factors today, right? >> the market gained acceleration on the downside during the president's speech as you heard. we went down negative 500 points, ending down 464. brutal day in the markets. i'm hearing traders here talk about just how disappointing it is. tomorrow promises to be another difficult day down here. let's slice and dice this day. dow leaders here today, j&j, intel, pfizer. j&j up 1%. this company buying back shares after reports from reuters there was asbestos, a cancer-causing agent in its talcum powder that has been playing out for days now. laggards include walgreens. the story here i think is worth sharing.

walgreens had a nice earnings report at the beginning of the day before they opened. they were up two pennies a share on earnings. look they're getting clobbered here today, down 4.5%. s&p leaders, newmont mining up 7%. on the laggard side we've been watching all day twitter is down 10%. as you know they had another breach of security i.p. addresses for certain countries were affected. that company reporting that earlier in the week. i have to tell you, not a lot of optimism down here as people watch out for tomorrow. they're concerned about tomorrow. we'll keep on watching these markets for you. back to you. melissa: could be an opportunity, gerri. thank you. david dietze with point view wealth management. he is president. carol roth, future file legacy founder. thanks to both of you for joining us. david, let me start with you because i don't buy the notion that this market is selling off on a government shutdown. we all know those are temporary, they don't amount to much with this one impacting 25% of the

government. what is it selloff about today? is it about facebook? is it about an out of touch federal reserve governor? what is it? >> i think it is about the federal reserve. basically the in my view the takeaway from yesterday the federal reserve feels it is more important to normalize interest rate policy, more important to fight potential inflation even though that means risk of recession for the american economy. we have got so many signals here from collapsing commodity prices, from some market indices already in bear market territory. from inflation indexes as measured by tips already coming down. they are signaling some sort of potential slowdown ahead. it could be worse. i thought the fed just kind of turned its back on that risk. melissa: carol, what is it about oil below 50 the fed doesn't get? >> i think that they're looking at the data. obviously we've seen oil all over the place and obviously that plays into the global economy but, melissa, if you go

back to interest rates, look where we started and where the fed started back in 2007, interest rates were 5.25. we are nowhere near where they started from. if they had come out and said we think that we're going to pause now and see what is going on, it will signal they think the economy is slowing. i think it is actually a good signal from the fed. i think that the market has completely overblown the reaction to it. hopefully it will play out over time here. melissa: david, the things i'm hearing from traders out there, from investors, from people watching the economy is, no matter how you slice what happened with oil it is either signaling a slowdown or telling you that major price of an input for whatever reason is going to a lot cheaper making a whole bunch stuff cheaper in the future. that is denation nary. how can the fed not even talk about that, address it? talk to me. >> i couldn't agree with you more. if it was just oil it would be one thing.

melissa: right. no. >> look at copper, whole host of other commodities and other inflation indicators f it was just oil we would just see energy sector. we're seeing industrials, financials, a whole host of sectors showing weakness. melissa: stand by, guys. connell. connell: our next guest is from a committee that held a special order demanding $5 billion the president wants for border wall. tom garrett, from virginia, he is a member of the house freedom caucus. do you take today's events that the president heard what your caucus had to say? >> we heard him. it is nice for people in washington to have each other's backs. connell: what is the a name? last hour president said it doesn't necessarily have to be called a wall? use the term steel slats. i mean, does all that kind of thing matter? would you be okay going back to the constituents hey, we built

the steel slats? does the name matter? can you get rid of the name wall? into we do that sort of thing in washington all the time. it always semantics. ultimately the function of a sovereign nation is protect the borders. like a house owner pay lech i can bill. this is 1/700 of annual expenditures. we have literally north of 4,000 people being murdered every year by illegals. we have 14% of all drunk driving fatalities attached to illegals. we have $275 billion annually local, tate, federal that are expenses incurred by this country by people that flaunt the laws. connell: you are okay selling that politically? call it anything you want? the president used to talk about that during the campaign, no, no, it is not a fence. it's a wall. you don't think that matters anymore? >> definitely a different between a fence and a wall. now we're -- connell: sounds crazy. no, it sounds craze i give you.

that is the kind of world we live in some weird way. r are you okay that way? >> i'm not selling anything. i'm keeping my word. you can call it sliced potatoes if you want. we ought to do what we said we were going to somebody asked my if we have the votes if everybody keeps their word it will pass with room to spare. connell: you say you think it can pass in your chamber in the house. let's be honest it is not going anywhere after that, in the senate? >> hey look, maybe people come ask them to do their jobs? i have colleagues who are not coming back. i'm not coming back. i will stay through the time they swear the next congress in. connell: even if they came back they don't have the votes at least what we're being told? >> put people on the record for a change i don't know what the fear is amongst leadership on both sides of this building to lose a vote. give people a chance to keep their word? what i'm disgusted with as voter, not member of congress, people look me in the eyes, say something. go to washington do another. you know if this isn't popular

so be it. i ran on it. i will keep my word. connell: you will have the vote. i get you. congressman garrett, thanks for coming on. >> god bless you guys. have a great day. melissa: thank you. oil settling below $46 a barrel. down nearly 5%. let's go to phil flynn at the cme. phil, talk to me, what is going on there? >> everybody is running for cover. i wish we could build a wall under the price of oil, it is really spinning out of control. what you see here, what your other guests were talking about melissa. this is sig isnalling this could be a major problem for the global economy. we're hearing about fears of a slowdown not only in the u.s., but in china in india you, biggest consumers in the world at a time when production is very high. now what is crazy about this we did get another report yesterday, demand in the u.s. hit an all same record high yesterday. the fed has to day passengers to this. this is not signaling what is

happening in the market. it is signaling there will be big problems in the future if they don't pay attention to that, that will go down. we're really at a very critical point i think for u.s. hail producers. we get much lower than this. you will see rig counts come way down. production will level off i don't it is amazing phil. we're singing for some time -- sinking. connell: intense negotiations underway with the clock of a potential government shutdown. president trump is standing firm on demand to fund the border wall. can the two sides find common ground before the friday midnight deadline. melissa: a party divided. president trump's move to withdraw u.s. troops from syria. what it could mean for national

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connell: feeling the ripple effect. president trump's decision to withdraw all u.s. troops from syria, certainly drawing mixed reactions from washington and beyond. edward lawrence on the story today. what is the latest, edward? reporter: connell, he is getting a lot of pushback lawmakers from retired generals saying this is a bad idea. the president saying we won the war over isis. those critics against it say this would leave the door open for russia, iran to come in to take over the place. you also have the kurdish representative to the united states telling fox news today that they talked with the white house about a withdrawal but they thought they were talking about some point far down in the future. they're in shock.

>> please reassure your partners that you will stay the course and that you will see this so that your partners are not left without any hope. reporter: the kurdish representative also very concerned about a humanitarian crisis that this could leave because even though isis doesn't have a caliphate, it is still a terrorist organization. also syria, or even russians or turkish, more kurds are worried kurds would be targeted and killed if the u.s. pulled out. senator lindsey graham says this policy by the president is akin to surrender on this. he stood next to senator bob menendez when he asked the president to reconsider. >> we've got two choices to fight this war and in their backyard or our backyard. and isis in afghanistan, i know for sure is looking toward the united states in their target sets. mr. president, you have a chance

to change course. reporter: the president responding to lindsey graham on twitter saying, quote, so hard to believe that lindsey graham would be against having soldier lives, saving soldier lives and billions of dollars. he adds, time to focus on our country and bring our youth back home where they belong. now one world leader who is happy about this, russian president vladmir putin coming out today in a speech, a very public speech saying that he applauds the president for wanting to pull out and leave syria with u.s. troops. back to you, connell. connell: edward, thanks, melissa. melissa: here is retired lieutenant colonel daniel davis, defense priorities military expert. thanks for joining us, sir. >> my pleasure. melissa: what do you think of this move by the president? >> i tell you what the move by the president is the right one. it is actually long in coming. i wish he had done it back in march when he first mentioned this there is some amazing hysteria and both on the left and right here. melissa: why do you think that is? >> because this is profound

misunderstanding just what those troops are doing what they can do, how we actually defend ourselves against terrorists strikes. we do not defend against terrorist strikes having men on the ground because they are tied to the ground right there and all they're going to do is do tactical activities around where they're at but there is vast tracks of territory out there both in syria, iraq and afghanistan where we don't have any influence at all. if that was the key, we woe literally have to have hundreds of thousands of troops out there. we don't. what does keep us safe is a strong, global isr, intelligence surveillance and reconnaissance, and good cooperation between local and federal law enforcement agencies and intelligence allies from other countries. >> fox news reporter. griff: -- jennifer griffin said this came after a conversation with turkish president erdogan about getting out of way in syria. what do you make of that? >> well, let's hope that is not

the case because, what we do oh is the syrian democratic forces because they have done a tremendous job in something that was a national security interests of the united states which is to rid raqqa of isis and to take away their caliphate. they put their lives on the line. they sacrificed their lives of something mutual benefit both to us and the sdf and we definitely should not leaving them hanging. we should put diplomatic pressure on erdogan, do not attack those or there will be some kind of repercussions we should not abandon them, absolutely. melissa: you know there is a lot of question about what happens after isis is gone from the area. you know there is a vacuum where iran tries to go in and create a stronghold so battle back against israel and surround israel further. does our leaving leave israel in jeopardy in the region? >> no, absolutely not. there is not, not even a little bit after negative consequence

because the things that we have to put pressure on iran, the things iran actually is afraid of is our like i said our global isr, more to the point the american fleet in the mediterranean and in the area of the strait of hormuz, like our bombers, our drone strikes capability. all of those things are things that will keep iran in check should they ever dare to challenge us. but our conventional and certainly our nuclear capability so overwhelms anything iran could ever do they're not going to challenge that because they would lose every single time. those men on the ground don't do anything, i can't stress this enough, they don't have the capacity to do anything over there on a strategic level. melissa: yeah. daniel, thank you. thanks for your time. we appreciate it. >> my pleasure. connell: we do have breaking news. numbers just in from nike. second quarter results have been put out. looks like gerri willis, the stock is doing well. tell us what they reported. >> all right, so we got nike

numbers in. sweet report here from nike. eps of 52 cents a share, versus estimate of 46, a complete blowout. also on revenue, we had revenue of 9.4 billion. the estimate was 9.17. so big number there. they are doing well in after-hours trading. keep in mind they were down with the rest of the market which as you know is not doing well. this stock has been down 19% in the fourth quarter but they are still doing better than the s&p overall for the year. they're up 10%. we're continuing to comb the results to see if they have anything to say about china trade or even the colin kaepernick advertising campaign but a blowout for nike. guys, back to you. connell: 8% now as you're speaking on the stock. >> ridiculous. connell: gerri willis. melissa: possible government shutdown could be coming right before christmas. we have the latest on the spending battle coming up.

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connell: the dow extending losses, second straight day we've seen from this kind of thing. off the lows of the session, store more than anything else, the bouncing around we might be doing, intraday, saw with all the talk of a government shutdown. also david dietze, who rejoins us, carol roth in a moment saying earlier, you have issue of federal reserve. that started when came out, interest rates and jay powell's commentary on the economy was not as dovish many investors were hoping he would be. when we didn't see that, carol, the market started to sell. it really continued into today. what about tomorrow? nike did have good results. corporations in this country can still make money? where do we go from here? i think there still will be overhang. the fed is something markets are incredibly focused on, certainly

what is going on in washington, although it will eventually work itself out. still affecting the market. people are just very skiddish and while i think that longer-term, we will see this turn-around, in the short term, you will expect volatility, so there is something that you really like here, you may want to start building up a small position, but i don't think it is the time to go all-in. >> david, idea of finding stocks on sale, we heard that time and time again. people are having very tough time projecting what future looks like in kind of certainty. 20% certainty. i know you think the fed is biggest of those issues. >> absolutely. investors who do their homework here, there are much better valuations although we're just not getting any help from the fed. we're not getting help on the fiscal side either. you remember, these policymakers are human. at end. day it is not what they want to do in terms of making economy

very difficult or the market. they can make changes in policies. if you step up now, companies are well-run have solid franchises, companies like caterpillar and intel, i think you could do well over the next few months. connell: 2.6% at the low. 2% at the close. that is the day. seems like every day. thank you both for hanging around. we appreciate it. >> wow. we're seeing giant moves in the market. it is amazing going on to the end of the year. >> oil, as you keep coming back, remarkable how much it is down. melissa: huge driver. huge driver. racing against the clock to keep the government open, lawmakers are scrambling to nail down a spending bill the president will sign. can they make it happen before the holiday. eyeing the 2020 field even without official announcements. the democratic field appearing to take shape. former clinton pollster doug schoen responds to it all. that is coming up.

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melissa: we're awaiting house vote on revamped spending bill for president trump's border wall. after the president told lawmakers earlier today he will veto any legislation does not include money for border security or steel slats. let's go to chad pergram from capitol hill to break it all down. chad, this is quite a turn of events. tell us what is happening now and what happens next? >> in the next hour or so we'll have a debate on the house floor what we call the rule.

the rule sets parameters of debate for a bill. you can't bring a bill to the floor unless you first approve the rule. if you have the rule vote go down, they're stuck. this entire proposal by republicans emerged this afternoon to try to put $5.7 billion in for the wall, it is dead, it blows up, you have to look through that procedural vote. to get through the hurdle you have to debate the bill. there is up-or-down vote, yes or no $5.7 billion for border wall. or for disaster relief. they have merged everything into a jumbo package, take it or leave it. if it goes through the senate will have to tackle it. at that point the senate approves different bill. the senate approved different wall funding, the house perspective hasn't approved wall funding. something has to give. you ping-pong the bills back and forth before the shut-down deadline at 1159 tomorrow night.

can the senate accommodate that? that is one question. the other question whether they get this through the house of representatives. house republican leaders said for week 1/2 they think they have the votes to move a bill with 5 billion for the wall through the house. we'll know in the next couple hours. if they don't, that is a real problem, because. a, their plan fails. and b, they have not been able to make good on their promise. that is very important. they said they had the votes. they said they were for border security. they said they were for a wall. if it fails, guess what, you're out of luck. melissa: chad, couple questions, the thing they're about voting a rule on, continuing resolution and slapped on top of it, is this funding for the steel slats? >> right. melissa: also for the disaster relief. >> right. melissa: at that point toe goes back to the senate. the house -- melissa: other spending on top it? >> exactly. melissa: a lot of people have left. is there anyone, i mean, obviously everybody is looking

around they're trying to count votes in their head. does either house have the votes and, do people potentially come scrambling back to washington? >> no, our colleague peter doocy reported a little bit ago that the house republican whip team was trying to get members who weren't here to come back to washington, d.c. i did kind of a vote crunch last night. 10 roll call votes in the house. they have had a attendance problem in the house because of midterm elections. a lot of members retired or defeated, not showing up. they were running 83%. only 360 members showed up to vote out of 435. melissa: we don't, we're running out of time, 360, you don't know how many republicans or democrats. >> that's right. unless you do a real crunch. i asked steve scalise have they whipped themembers of the house? i said we're talking to members individually. that is not a whip.

melissa: if you hear anything appreciate it. connell. connell: more on spending battle clinton pollster doug schoen has a quick break. we're coming right back.

connell: chaos on capitol hill as chad reported a few minutes ago, increasing chances of a government shutdown. what happens next? we're joined by doug schoen, former clinton pollster, fox news contributor to talk about what i would think doug, the democrats see as a big christmas gift politically. >> absolutely. look, chad pergram's report says there are a lot of moving pieces that have to get taken care of in the house and two positions in the body to get a bill done. if on the chance that it doesn't get done, there will not be a wall because there is not going to be a wall when the democrats come in. connell: right. >> there will not be a wall when

democrats come in. there will not be money for border security. the president will end up a big loser. that is all ifs, we know the risk of the president has been talked about a last couple days. he heard a lot of that talk and maybe that is motivating factor today. what have we heard from the dems, that things are too good to be true, that the possibility that they dropped ball here? >> risk i think they do get something through that the republicans declare victory and then, when the wall doesn't happen with additional funding, after the new congress starts, it will be, we got 6 billion. the democrats have been obstructionists. that will make the argument stronger and more compelling for the republicans if they get this through. connell: a lot of people thought before, that in the midterms, played out in democrats might be in political trouble for them.

now, she is getting a lot of credit and some people, even some of president trump's supporters say boy, she outplayed him on some of this. what happened? >> i think she did. the meeting in the white house with her, senator schumer and the president is ultimately work to galvanize the democrats, embolden them and all the negative to pelosi is basically dissipating if not gone. connell: things change very fast. in this town especially with the market. >> things change very fast. connell: i want to get your comments on new polling with quinnipiac, that shows former vice president joe biden most favorability rating. people know him better than the others. >> yeah. connell: the top two, top two listed joe biden, bait ohio rork, people talking about a biden beto ticket. >> i've seen that. connell: what do you think of that? >> the real surprise beto is

petting second highest favorable. he is running third in the preference polls behind biden and sanders. we'll see. another thing to run for the senate. another thing to run for president. it does speaks to the democrats desire for newer, younger facing. connell: that is the interesting part. when you go to newer, younger faces a lot of times as you know the party starts to drift to the left. that i think you believe is the risk. >> absolutely. connell: democrats go to the far left. biden has pretty good number. there first of all do you think he will run, joe biden that is the first question? if he is, he is the favorite going in? >> i think he will run. i think he is favorite. look, the party wants younger, fresher more liberal faces. he is none of that. connell: so then you that as number two on the ticket? >> well, i think that, we will probably have a woman and a person of color on the ticket. whether biden can hold up is a

question, whether beto or someone else breaks through. kamala harris, another question. maybe hillary comes back. connell: what? >> it could be. connell: i know i read that but you don't think so. >> if the race is deadlocked, anything is possible. connell: i can't see you rooting for it? >> i'm not rooting for it. i want a centrist, moderate ticket. connell: how many of those people are out there? joe biden is one. that is centrist. i'm struggling. mike bloomberg you worked for? >> i worked for mike bloomberg, if he ran would be a centrist, that's about it, no? >> there is not a broad consensus in the party around a moderate position. a lot of liberal, progressive types which is where the democrats are increasingly moving. >> that is where the energy is. connell: absolutely. >> absolutely is, do you think mike bloomberg runs is the last question? >> i honestly don't know. he is in iowa, taking soundings.

connell: soundings? that is what they say in the business? >> that is what they say in the business. you will be the first to know. connell: like the listening tour. doug schoen, good to see you. melissa. melissa: withdrawing troops from syria. a decision that has many divided in america. our next guest says president trump is doing the right thing. former congressman ron paul explains next. ♪ card. earn 4% cash back on dining and 4% on entertainment. now when you go out, you cash in. what's in your wallet? (sounds of race cars) the same iot technology on the ibm cloud that helps race teams improve performance and safety. bye. girls, don't wave at strangers. can now be built into everything we drive.

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melissa: the spending battle on capitol hill continues. here now is ron paul, former texas congressman and presidential candidate. we have a lot of things to talk to you about today. i want to start with the battle going on, that is the news that is still unfolding at this hour. what do you think about the fight as it stands? you know, should the president hang tough where he is? what is your take on all of it?

>> i was never very good in poll tickets. this is all about politics t has nothing to do from my viewpoint from national security. it is just a game. pelosi against trump, people who hate trump, they will try to embarass him. i never have the confidence in a fence doing a whole lot of good. i see it spending more money we don't have. as far as politics goes, i don't think anybody knows because it is changing all the time but my guess would be that there will not be a close down. for some reason it will stay open, but boy it is coming precariously close. with the holidays, that is a difference with these other closures, but, when you really think about it, we're talking about a small amount of the budget. melissa: right. >> to put this much emphasis on it, it is pure politics. it doesn't have anything to do i think with national security. melissa: really make you disgust with the whole lot of them. another huge market day. we're looking at dow down 464

points on the day. there has been so much up and down and a lot of it related to the fed. yesterday we heard from a fed chief who sounded woefully out of touch with what is going on out there in the economy. you have always been a critic of the fed and having a human being in there with their hands, you know, on the scale. what's your reaction to what is going on right now? >> well, i'm glad people are looking at the fed and i'm glad they're criticizing the fed, thinking maybe they're doing some mischief but quite frankly it has been the fed for many, many years, especially the last 10 years of the qes, this assumption by about everybody in washington that the federal reserve knows what a proper rate of interest should be. to me the astounding thing is, when you look at this multitrillion dollar economy, a fantastic economic system we have, and they change the rate of interest by one quarter of 1%? this happened? that can't be it. it is a big reflection because

of politics involved and that, if you had a free market, that wouldn't affect anything. because the market is so fragile and people anticipate this, they put so much emphasis on it, it will shake the markets. not because of 1/4%, the mischief, malinvestment, all the debt and obligations. once you build all that interference in the market it has to correct itself. it has to adjust. of course that is impossible because there is a political cost to that. so nobody does it. nobody talks about it. but the markets are more powerful than the fed. i criticize than the fed. markets are even more powerful. melissa: president trump of course announcing he will take troops out of syria. you have been calling for this for a long time. we're also seeing a report that he is considering taking down the number of troops in afghanistan as well. what is your take on these various moves?

>> i applaud them. and, sometimes we complain about trump and others when they say things and they don't follow through. on this one he is following through what he said. he has been critical of those wars, especially in syria and afghanistan. and just logic tells us, what are they there for? are they declaring war? is there any moral purpose for us to be there? why are we there, when should we leave? how much is it costing us. so there is no argument for it. most important it is not morally justified and not constitutionally justified. 17 years now, that is long enough to learn a lesson. when will we learn our lesson? i think it is just great. what i love bit as libertarian i tried to build coalitions between honest progressives, there aren't many that are left. they used to be the ones would object to the wars like this. there has been hint of some of the progressives are saying what are we doing this for? this same thing, if you take -- melissa: people on other side, hang on a second quarter people

on other side this is what happened in iraq. we left and left a vacuum where bad actors came in, the development of isis, that now if you leave syria there is vacuum of just bad actors laying around and that the one who benefits the most is vladmir putin. >> well, i think that is exactly the opposite because al qaeda was not in iraq until we went in there. we said iraq was responsible for 9/11. we got into that. it stirred up war fever there. at same time we were going after iraq, there were 15, 19 were from saudi arabia and we didn't even talk about. i would say that people have to understand, one principle which they're totally ignoring they say we should stay there to combat, combat terrorism. the violent people but why do people get violent? where did al qaeda and these groups come from? this comes from us being there. so if you stay there, let's say it is true they reduced number of al qaeda and are in better

shape, by us going back in accelerating it, it is just incentive to get more. because i think iraq, they use that get away with that. but that is not a good analysis there was no al qaeda. yeah they had a ruthless dictator ruled with iron fist. it was not al qaeda. as a matter of fact he kept a balance. so i think there is a lot of misinformation on that. melissa: ron paul, thank you for coming on. we appreciate your time. thank you. >> thanks for having me. connell: holiday season i guess almost over. pulling up on christmas here. we'll tell you what americans are buying last minute coming up next. ♪ your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers.

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connell: we are in the midst of the holiday season and the historic radio city rockets have been entertaining audiences here in new york city around christmas since 1933. after the bell zone, jamie labella went behind the scenes

with the rock etterockettes to they made the show truly spectacular. reporter: tell us what it takes to become a rockette. >> you have to be 18 years old to audition and we rehearse six hours a day, six days a week so there is a ton of training that goes into making the production spectacular. there's typically multiple costume, multiple days. you have to be proficient in ballet, tap and jazz. reporter: how many kicks per day is that? >> we are doing almost or up to four shows a day and we do about 300 kicks a show. if you add up those numbers it's a lot of kicking. reporter: tickets during the christmas season can range between $49 to up to $200. are you anticipating a big turnout come christmas? >> oh, yes, absolutely. especially this year we have a new finale number called "christmas lights." it's a brand new number to the show. new costumes as well. and we also have 100 drums that

light up and dance around the set. reporter: what do you do in your off-time? you girls look great. how do you do it? >> some of us are accountants or moms. there are a lot of moms on the line. we fill up our time in the offseason and are ready to go come october, ready to kick and get this show ready for audiences here in new york city. connell: great show. jamie getting behind the scenes into the finances. melissa: she crushed it. the countdown is on for last minute shoppers and some stores are taking advantage with longer hours ahead of the holidays. hillary vaughn is live at the kohl's store in l.a. with more. reporter: kohl's is actually keeping their stores open overnight all weekend until christmas eve at 6:00 p.m. opening for 24 hours, helping people cross the final items off of their christmas list. a record number of people are expected to show out this final weekend before the holidays. retailers call it super saturday. 134 million people are expected

to turn out. there's going to be a flood of people here. 41% of shoppers say they will head to department stores to complete their christmas shopping but a lot of people are double-dipping. some people are still opting to buy their items online and then come in the store to pick items up. kohl's is doing something pretty interesting. they have an amazon drop-off center for returns. ups said they dropped off or processed a record number of returns yesterday alone and so as people are returning their gifts here, kohl's is hoping they can cash in and maybe they will find something else they like better here instead. melissa: hillary, thank you. i would love to see who is there shopping at 3:00. no, actually, i don't think i want to see who is shopping at 3:00 in the morning. hillary vaughn, thank you so much for that. connell, huge day in the markets. we want to get back to the serious stuff here. we close the day down on the dow, 464 points. so much of that, as we talk to

our guests, driven by major factors. you have the federal reserve coming out yesterday and saying that they are going to continue to hike rates, not doing that sort of dovish talk that folks thought that they would. and really, a lot of the complaints were about the message, that they don't seem to recognize both the decline in commodities prices and also what has happened elsewhere around the world. connell: all day long yesterday, even into today, an investor take that it's a federal reserve that just doesn't get it, doesn't understand what's really going on. that said, there are a number of other things that are going on that maybe would play into the federal reserve's kind of timing on all this. i said yesterday that today would be interesting. now let's see tomorrow. who wants to be long going into christmas and new year's, lot of people of course have vacations planned. you really want to be in equities long going into that, or even risk assets like oil, i don't know. melissa: we are keeping a close eye on washington. right now the president has signaled just within the past few hours that he's not going to

sign that continuing resolution that would keep the government open, so they are right now trying to battle it out over adding that $5 billion in wall funding to the continuing resolution. we will watch that. connell: if you had to bet, say shutdown but things change quickly. "bulls & bears" starts now. breaking news. markets rocked as the president rejects the senate spending bill with less than 48 hours to avoid a government shutdown. this is "bulls & bears." joining me today, rick unger, michael black, carol roth and gary kaltbaum. well, the house of representatives scrambling to come up with a new spending bill that includes $5 billion in funding for the border wall. here's what the president said about that this afternoon. >> i've made my position very clear. any measure that funds the government must include border security. has to. not for political purposes but