hiwith it all along. thanks so much for watching "strange inheritance." and remember -- you can't take it with you. ♪

for the post christmas holiday. the stocks punch 5% before rebounding 1% overnight. stocks are also lower in china and south korea. >> the only way to stop this war as it for you to take your rightful place. >> you learn something every day. aquaman has led this year's box office to make history. fbn:am start right now. it's 5:01 a.m. good morning. let's start with the news.

president trump making trump making sure to praise steven mnuchin. he publicize the fact that he have a call with the countries biggest banks as well as regulators. a very talented guy. in a very smart person. i think they will get it there. the economy is doing so well that they raise interest rates. the added quote we will see when he was asked whether he have confidence in foul.

the central bank as widely expected did hike interest rates last week. the partial government shutdown is entering its fifth day today. the democrats meet the demand for border wall funding. there at the white house with the details. every american family. this president is in washington. having postponed the trip. a second be open until we have a wall or fence or whatever it were having.

they want to focus on areas like technology and more border personnel. we are only screened one screaming one out of five cards or trucks out of our border. if you don't have that. he plans to visit texas in january for a groundbreaking ceremony. the wall street journal reported sales for the strongest were the strongest in six years.

online sales and jumping more than 26 percent. president trump keeping pressure on the federal reserve. the reports of chump trump threatening to fire jay foul. great to be with you. they really come at exactly the right time. we really haven't seen this type of panic like we saw on christmas eve. before the president really

started getting involved in. i think that's exactly what you saw. we have the actual shellac seed of the stock market. >> only five new 52 week highs. we see a lot of people talk about the stock markets. i can only bring you back to 2009.

they have the end of the bull market. now we are literally in the bear market. specifically tweets like this from the president. investors and traders can figure out how many pampers or huggies they're going to sell. but who gets tariffs. that much more difficult to analyze. when they write the history books. when there are computers and algorithms involved.

they account for 28.7 percent. is this a fact that real human beings are in charge anymore question mark. >> there ultimately making those decisions. i go back to 1987. at the market didn't really crash in 87. we want more trading and in interaction.

and when you get there. thank you. merry christmas. they also helped set the box office record. with the $67.4 million opening last weekend. they helped make the all-time best year for north american movie theaters.

the futures this morning. after plunging more than 600 points on christmas eve. the market is back open today. the s&p up 14. coming up. well have the latest on the situation for you. (toni vo) 'twas the night before christmas,

and all thro' the house. not a creature was stirring, but everywhere else... there are performers, dancers, designers the dads and the drivers. there are doers of good and bringers of glee. this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,250 credit on select models now during the season of audi sales event. ♪ (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. when you apply expertise across an industry, bye! you can put smart to work. bye! i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. allow you to take advantage of growth opportunities with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield℠ annuities from brighthouse financial, established by metlife. >> let's get you caught up on what's happening now. good news this morning s&p

futures are half of 1% higher. we are seeing similar percentage gains. the former nissan executive was released on bail. overcharges a misreporting the salary. kelly was attained for five weeks. he was a 30 year nissan veteran and a top aide. >> at least 429 people have been killed by the deadly tsunami in indonesia. that number is expected to rise. nearly a thousand homes plant when they struck saturday night. an 8-year-old. has died in the custody of border patrol. it's a second such incident this month. after showing signs of sickness. before returning to the border patrol facility. he died early yesterday. it comes after the 7-year-old girl also died and border patrol custody. that was earlier this month.

after we take taken my 90 miles from el paso. this a man at the hotel casino. $1million on a 5-dollar bet. he got dealt royal street plus a diamond. 20million to one. luckiest day of his life was the day before. his wife was cancer free. any looks like warren buffett. a powerful storm bring heavy snow and strong winds to much of the planes in the midwest could impact your holiday travel. we are live with the facts weather center. it's going to be a big storm and here is how the set up looks. we are looking at temperatures falling back into the 20s.

this is where the warm air and the cold air meat. they get the big systems and that is where this one is lining up today. if you're on the southern end of this. where it's a little bit warmer. no concern we are talking about this large area of rain. they are dropped into the 20s. that's where we could see a real winter forecast for the next couple of days. may be slowing down some of that travel. a large area here. we are talking about the upper plane states getting into the dakotas in kansas. here are all of our watches and warnings. you are seen a large area. that is a little bit more severe. does stretch as far currently east. the whole system is going to

continue to sweep across the country at this is what we are looking at today. you notice how does this move across the country. it will be right with the temperatures so there is so that pool still that pool of warm air that folks are enjoying. it will slowly shift right around the line. eventually by friday you see that system pushing again. cold air behind it. if you live on the east coast what does that mean it means we are warming up 57 degrees in new york city for us on friday. and we will take it. >> let's take a look now at the u.s. stock futures and what they are doing all in the green. this comes after monday's massive selloff. we are on the road to potentially having the worst december ever. but stock investors are not the only one worried about their losses. we will talk about the plunge and crystal currency like bit

coin. they are offering them a slew of deals. get your pen and paper. right after the break we will tell you where you can get the deals today. you're watching fbn and. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk

of a fatal heart attack or stroke. jardiance is the first type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think?

well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters.

after a successful holiday season for retailers shoppers can still take advantage of some good deals. today is one of the biggest shopping days of the year. and here to talk about what we could do to get some of those discounts we have the owner i want to talk about the consumer confidence. people are flocking to stores. >> it hasn't seemed to affect the average consumer. they're out spending money. i guess they will see what happens come january when people get their credit card bills but for right now people are spending money and they had been spending since black

friday. and all throughout the month of november. i'm very excited about this next question. i most likely will try to sneak away today. where can i get the deals today. this time between now and january 1 is huge of her retailers because her trying to unload a lot of inventory. you will get great deals on things. it has about 55% off. nordstrom has their half-year in your sale. and again free shipping. and then had stores like modell's is offering 25% off the nike this is a good time to buy enter items and coats. and macy's also has that. is it only today or is it

going to be a week long sale. he you definitely had to check. between now and end of the weekend is when you want to get out and make sure and don't even wait. if there is something that is on sale and that 70% off they may only have a couple of your sizes. adobe analytics said that for every $6 you spend during the holiday season one dollar is getting go to the online sales. what does this mean for malls and brick and mortar stores. >> it will be busier time than online for retail stores after christmas because remember sometimes you didn't get something you wanted. or you the gift card. this is a better time for brick-and-mortar after christmas and then you've seen

in the cyber sales and the black friday where people were doing a lot of online. these stores are going to be packed. >> is a consumer debt just climbing higher and aren't most americans using their credit cards to buy all of these goods? >> some people deal user credit card some people don't. we have a credit card if you can go out and you're gonna spend look at how much your limit is. try to put any sales that you have on the cheapest interest rate card. a lot of them had 0% for 30 days so you could try to piggyback it. or try to give yourself more time to spend it. some of the retailers also have bonus points if you buy something on the card. all of these have their own store credit cards and sometimes you get extra bonus points per card if you buy stuff on those cards. obviously you should overspend more than you can afford but

it it's the holidays. >> the big stock investors could use some tips. the s&p 500 is just a six or seven points away from bear market territory. what's up 106. president trump hits president trump hits hard against the president -- the rate hikes. i have great confidence in our companies. we have companies that are the greatest of the world and they're doing really well. we will take a look at what's going on with the price of bit coin. you're watching fbn:am. the hard work you put into lowering your

very high triglycerides with diet and exercise deserves the hard work that went into the science behind vascepa. prescription vascepa. vascepa, along with diet and exercise, has proven results in multiple clinical trials. vascepa looks different because it is different. over a decade of extensive research and development achieved proven results. that's the prescription power of vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. ask your doctor about what the science behind prescription vascepa can mean to you.

amarin thanks the clinicians and patients who participated in the vascepa clinical trials.

despite the stock selloff they are reassuring investors about his confidence in treasury

secretary as well as the federal reserve. after sinking over 650 points. let's take a look at the u.s. stock futures right now. hopefully this will be the worst december ever. it very well could be. they all closed today for a post- christmas holiday. they also are lower in china and south korea. will the plunge in the south stock market actually help. it continues right now. we are coming up on 530 in the morning. thank you for starting your day with us. this partial government shutdown has now entered day five as the fight over border while funding intensifies.

the shutdown will remain until democrats need his demand for more than $5 billion. they begin christmas day with calls to troops overseas. >> we are all very proud of you in the chat with reporters. the road to the end must be paid with money for walls along the southern border. as i a second to be open until we have a wall or a fence offense or whatever they like to call it. they are not truly against a border wall that they support physical barriers in the past. as soon as i said i want to build a wall they are all against it. take another example. everybody hated him they thought he did a horrible job.

they were calling for his resignation. they were going to for his firing including schumer. including nancy pelosi. until i fired him. and then once i fired up everybody said why did you fire him. as for the hundreds of thousands of federal workers impacted by the shutdown they want border security. if they have confidence. they are raising interest rates too fast. i think it will straighten. they think the economy is so good. >> they also asked the president about his treasury secretary they called him must smart and talented guy. reporting at the white house.

the s&p 500 just six points away from entering a bear market. they slipped into a bear market last friday. joining the russell 2000. investors also focusing on president trump's repeated acts on the federal reserve. i would like to just jump right in. what do you make you make of the president as well as investors emphasizing that said hikes. do you think it's possibly misplaced. the fact of the matter is going back ten years they intentionally re- inflated the housing bubble and the stock bubble. they did this intentionally. and they succeeded in that. so president trump did not create this bubble.

this was created before his presidency. i think it does appear to remain strong. and it's certainly growing at a more robust rate now than it was in the final year of the last term. >> i'm actually going to stick with that theme. the economy is growing which is just mentioned. what about debt. do you think the debt market is something that we really need to be concerned about. >> i agree that they had reinflated that. it's not very surgical. insofar as we might have exacerbated the virtuous cycle of the economy with the tax cuts 2017, 2018. as they have swung to optimism.

i think we are going to swing back the other way. the market has already dropped. qualifies as the bear market. we've already entered the bear market. and i think it will stay this way for the foreseeable future. joe, i was reading the note prior to the show. about suggesting more tax cuts going into 2019. i'm a little bit concerned about that. given the lack of investment we saw from companies this year. >> we need to actually focus on what produces long-term growth. we've seen over the past year increase. we need the long-term business investment. they were definitely a positive. you can expect the tax cuts to add about .3% to actually produce more growth.

and actually stoke capital investments. and that did actually float last quarter. we need to ensure that we increase that for the long-term. >> i want to get to a bit coin. last week there was a boost in value. do you think that may be of maybe the tide has turned and things will be green going into 2019. it just par for the course. we've seen 470% drops. it's something of digital value that you can hold. that can be replicated. i think it is a bigger story than just bit coin.

we have seen the exact opposite of it in the last couple months. i think the biggest thing with technology you can now have a bear instrument. the market cap is 1% of gold. in the market cap cap is only 1% of the total market cap. why has there been no major adoption with stores and restaurants in terms of just trading it. no one wants to use that as a monetary unit. one of the other issues is the network is very slow. if you can buy a car -- coffee at starbucks. you can take up to an hour to get those six confirmation. they are allowing for these transactions to happen

instantaneously. i am looking for those to be kind of rolled out in 2019 with the exchange. they were actually delayed. what he make of that in terms of confidence. there is a demand for the crypto currency bought chain. and there is a fear of longer term that can be valued there. they are unproven. as far as retaining their value. if you look over the past year the value has gone down in excess of 90%. it is something to be explored. there are certainly concerns.

there are private enterprises that are working on technology. to reduce the costs involved. if we go ahead and actually retrain the fiscal policies to ensure that we have that. and that we stop devaluing the currency every year. i think that will relay some of the concerns. guys, thank you very much for your insight. >> we are seeing a recovery on wall street. we are looking good. it's up 114. that is the future board of course. they are trying to avoid bear market territory. president trump in suing an ultimatum on the partial government shutdown. >> the people of this country

want border security. it's a disgrace what's happening. we can assure you one way to celebrate christmas. expedia introduces add on advantage, a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can use up until your trip starts. so whether you want to go out, stay in, or be in the middle of it all...

add the perfect hotel when you're ready, and save. add on advantage. only with expedia.

>> good morning and welcome back. let's get you caught up on what's happening right now. first let's start with the u.s. futures. the dow jones is up 113 points. the s&p 500 is 13 as well. and like we talked about before the break anything could happen before the close today. north and south korea holding a groundbreaking ceremony beginning to modernize north korea.

i cannot move much further. as long as the sanctions remain in place. were talking about north korea. i had ruled in favor of his family in the case against north korea. they owe the family $500 million. he was detained and held prisoner for more than a year and a half before being returned. they will have those concerns. they failed to get improvement. and is now leaving the group. they will only hunt for whales in the on water. in as part of the country's culture. swimmers in santa hats braved frigid temperatures.

it was a cool just 39 degrees. and that is what is happening right now. >> if there is money online i would do that. >> the partial government shutdown is entering the vet the day today. it will remain until democrats meet his demand for $5 billion for the border wall. all shutdowns are a game of chicken. who blinks first in this case. what will it take for the democrats to blink. there is a lot of talking going on. the democrats frankly they had been supportive of many border issues and border walls in the past and it has nothing to do with the border wall. frankly it has to do with president trump. anyone do anything supports president trump. they are playing a political football.

everything that we possibly should have. drones, special equipment, obviously different officials force their border patrol. if for you to do something right we have to do it completely the full way. that's what he needs the additional 5.6. the present is going to texas for a groundbreaking ceremony and what 115 miles of new wall looks like do we know where that money is coming from. >> the money has already been allocated for the wall itself. they have already started to be built. they need the additional money to complete the wall. i think this is so important.

we need this wall more than ever. democrats know how important and effective it is. the foreign member of the finance committee can count if it doesn't need that. the reality is you need democrats to support this wall. and he obviously wants to get this done. >> is a set read my lips moment for president trump. he basically said he wouldn't raise taxes. as the broken campaign promise of not building the wall. is that i read my lips moment for the president? >> i think it's very vital and very essential. i think it is a big consensual aspect to the base. this is important. but not even just about the

election. they had campaigned so much about protecting the borders. this is something he's very adamant about and something we need. i don't think you will back down on it. >> it doesn't look like democrats are going to cave in as long as it is called a wall. they surely lose the upper hand when it switches a democratic in january. he said look, obviously border security is the problem. only one in five cars are getting screened. he is not gonna back down. and the democrats do not want this to happen. the congress is gonna be in control by the democrats. something is can have to happen. obviously we have the senate. in order to get this down effectively we have to make something happen together.

i do not see president trump backing off this wall. i see him making it and getting it done. he is a dealmaker. the longest government shutdown was 21 days. back in 1995 going into 96. we will see how long and expensive this one is. >> we may be in the green right now but that can change especially when we look at volatility. let's take a look you can see the same thing all morning. again, that could change let's get to sports. lebron james is out with a rare injury and how one young baseball prospect gave him the ultimate gift. you're watching tree into -- fbn:am.

[music] ♪ ♪ ♪ ♪ what if we could turn trash into money? plastic bank is doing just that, by exchanging plastic for digital credits redeemable for everything from food to education... powered by ibm blockchain. when you understand the potential of new technology, you can put smart to work.

>> welcome back. as the state the state is always a treat. not necessarily unfortunately

for lebron james. what happened. >> now what he wanted to happen. he suffered a groin injury last night unable to finish the way against the voyeurs. they suffered what is being described as a slight strain. i actually overextended the gain. to see if i can stretch it a few times. but it didn't. he is scheduled for an mri later today. the houston rockets delivered a nice gift to their fans.

they dropped off a 41 points. hard and seventh game and a route scoring 30 or more. a career bat. the rockets have left -- 17 of their last eight. it went to overtime. and that's where they have back-to-back three-point shots. the extra session. tyree scored 40. the jazz blasted the blazers. after the washington redskins lost in week 16. they publicly criticized the coaching philosophies. monday he was scratched from the redskins roster and on christmas they announced that they had found another team. he is a pro bowl alternate. here's a story here is a story of a man named brady. the prospect picture. first round pick for the kansas city royals.

he did something really special with his signing bonus for his parents. i also paid off all your debt as well. a special christmas moment. he gave his bonus. that's nice to see that kind of kindness coming out from a lot of athletes. but this obviously goes a lot further. you know there's gonna be a moment and actually is a moment.

it was good we got to see it. otherwise we would not have gotten to see it. thank you very much for joining us today. you can catch the report on fox news headlines. coming up, oil, will find out (toni vo) 'twas the night before christmas, and all thro' the house. not a creature was stirring, but everywhere else... there are performers, dancers, designers the dads and the drivers. there are doers of good and bringers of glee. this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,250 credit on select models now during the season of audi sales event.

♪ i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. people are coming togethery to speed up what we can learn about health. the all of us research program is calling on one million people to join us as we try to change the future of health. for your family, for future generations, for all of us. visit joinallofus.org and find out how you can become one in a million.

♪look into my eyes ♪you will see ♪what you mean to me ♪don't tell me it's not worth trying for♪ ♪you know it's true ♪everything i do ♪i do it for you . . >> any end in sight of oil prices? we turn to phil flynn, fox business contributor. phil, thank you for joining us this morning? >> good morning. how are you this morning?

>> i'm great. i want to know about oil price? >> can we see it fall, especially given efficiencies with a lot of companies, can hay handle lower price? >> i don't think they can, some can, some can't, it's about balance sheet. it's not what they can produce it for. it's confidence that banks will lebd them money to keep producing oil? right now is there a bottom in price? hopefully we are getting close. a lot of traders are looking for a bottom. they were looking for 44 and 48. they have gone through that like knife with butter. opec prices are calling for emergency meeting to save the price. they will do whatever it takes. right now they can't take it anymore. >> okay, so you brought up opec, cuts by opec, increase in

domestic production over here. is that even fruitful for opec to go ahead. do you believe that's going to improve the situation given the increase production in the u.s.? >> i think it will. it's their only choice and unless we are seeing big dropoff in demand which we are not seeing right now, we will have to do something to reduce supplies. i would like to tell you that u.s. energy producers are immune to crashing prices, it doesn't matter, but the reality is it's hurting the producers in the u.s. these guys can keep making money, doesn't work that way. they have to stabilize to expand production even in the u.s. >> one last quick question for you, what about commitment to compliance, do you believe that countries will continue to

support prices? >> i think so. not only will comply with cuts, but overcomply sending messages to markets that they are serious. it might not matter, we are not even really following oil fundamentals anymore. >> okay, phil, thank you very much for joining us this morning. have a great day. >> have a great day. >> lauren who is just here, she's in for maria bartiromo, wow, you just flew to the other studio. lauren: i climb steps very fast and you're on your way to do the same, see you in a bit. i'm lauren simonetti, in for maria bartiromo, wednesday 26th of december, merry christmas. here your top stories at 6:00 a.m. eastern. some early-morning buying on wall street, take a look at futures, markets up 77 points at the moment, we did have triple-digit gain. s&p futures up 10, nasdaq up 17. this after a sharp drop for the

major indices back on monday, christmas eve sell ah, investors shaken by the news of treasury secretary steven mnuchin. the dow lost just about 3%, it is on track for its worst december since 1931. s&p 500 down 2.7%, 6 and a half for bear market territory. but president trump throwing support behind treasury secretary mnuchin even as he doubled down on criticism of the fed and monetary policy. >> very talented guy, very smart. >> what about the fed chairman? >> we will see, they are raising interest rates too fast. that's my opinion. lauren: closer look at what all means to the market, close dow 2018, 4 trading days left.

european markets closed for holiday, they have shopping over in europe. in asia overnight, hang seng closed, nikkei in japan picking up 9 tenths of a percent. bear market. the kospi losing nearly 1 and a third percent. it is day 5 and counting for the partial government shutdown and both sides are digging for the long haul, we will look at the battle over funding for the border wall later this hour. christmas comes to hollywood, aquaman crossing half billion dollar mark over christmas, details on newest record that has tinseltown buzzing. tips and tricks to make holiday returns easy, yes, the season of returning. all of that coming, mitch roschelle and dr.