hiwith it all along. thanks so much for watching "strange inheritance." and remember -- you can't take it with you. ♪ >> it's a little bit early that we are out of the woods. >> have the biggest the biggest one-day gain in history yesterday. the shot up over 1,000 points. futures are now still under pressure. the prices are jumping nearly 9% yesterday. forty-five dollars and 10 cents per barrel.

the ek in japan up just about 4% overnight. it is thursday december 27th. the investors are certainly enjoying the major gain. as well as joseph sugar.

>> i'm sure we will maybe not in the short term. you have probably a good part of that. we saw that the consumer is still a strong. we do 7% push in terms of same-store ship -- sales. the consumer is still there. 70% of the economy. we will continue to power ahead. the economy is very strong. how come there is no storm with the rally of yesterday. really very little news outside of the christmas is

spending information. so i think it just a little bit of that is coming off at the top this morning. if we can hold monday's low. holding onto monday's levels would be very positive today. >> also begs the question what exactly changed yesterday. we knew the consumer was strong. was that enough. to really make the market go up over a thousand points. >> i think you just had such an over sold market. let's more of a technical move in the short term. let's factor this in. if i look at the pmi.

in terms of leading economic indicators. and we had had since 1946 about eight different times where we have a pullback on 20%. there was no recession. on the the last three trading days to go. do you think we bounce back today come the close. yesterday was the santa claus rally day. where we go from here. some it comes off that top of it. you should see a more positive commentary out of retailers. if oil prices hold we should finish it off.

it's when they send it down in a big way. and yesterday up in a big way. you can only short a stock at a higher price. do you think if you reinstate the rule you can take some of the volatility out of the market. the uptick role. that were taken a place to have it caused more fluidity in the markets. all you're doing it's occurring at a quicker pace than it would have in the past. the thing you have to keep in mind is that there is no liquidity based on a number of traders pulling back. a lot of people just closed

their books and wait until the new year starts. starts. volume was pretty heavy yesterday. the volume is there. >> there is still trading yesterday. and as you mentioned program training starts kicking in. when the market yesterday took out the high point from monday that's where you saw the acceleration the last two hours into the close. a lot of that was program trading driven. that is what accelerated into the close yesterday. it just makes it nerve-racking for an average investor trying to get into the market when you see those massive moves compounded on both ways. it makes you wonder. how do you get in and should you get in. >> everything in the short term is as warren buffett has said in the past.

it's a voting machine and the short term. we are looking at what is the earnings and progression. where are things going and those things are still positive. if you think the economy is faltering. eat only part of this market. it doesn't really matter. you can get in at stages. read a point in time where i think if you are looking out two years you want to be a buyer of this market. >> may be buying with both hands. if you do that on christmas eve you did while yesterday. it looks like president trump is arriving from germany right now. we are expected to see that movement inside their very shortly. he have a surprise visit to the u.s. troops it comes just after he decided to pull all u.s. troops out of neighboring syria. and hillary vann is at the white house. and she filed this report.

>> good morning lauren and christina. visiting a troops overseas. this is his first visit to a combat zone as president. the president and first lady leaving the white house in the middle of the night on christmas arriving just in time for dinner on base. 5,000 u.s. military men and women stationed overseas. spent over three hours with their commander-in-chief. her commander-in-chief. the present explaining his decision to pull troops out of neighboring syria. iraq will be a launchpad for any military action needed against the group. also pushing back on critics who claim that leaving syria is a hasty move. trump said he gave them several six-month extensions. it's time to go. today they're not so dominant anymore. >> two years ago it was a lot

of red all over that map. but i have a couple of little spots. we will be watching isis very closely. >> it comes in the middle of it government shutdown. the border wall is standing in the way. trump was asked how long the shutdown will last and he made it clear that he is not budging on the wall. >> we will have a wall. we will have safety. white house economic adviser. it tells me he is not concerned about any long-term impact of a government shutdown even if it last several weeks. it's congress. if they don't turn back the work. but little progress as expected on efforts to end the partial government shutdown. there are no signs that president trump and democrats or any closer to reaching that over border while the funding. they will not release any academic data during the shutdown. some of the workers that are affected include the commerce department, the communists as

well as staff. the effective reports of new home sales. gross domestic product in trade. speaking of trade. a delegation reportedly will hold talks with chinese officials in beijing on january 7. the two sides had spoken over the phone several times in recent weeks. this would be the first face-to-face talk since they met in argentina earlier this month. the u.s. has agreed to delay the plan. delay that until march the second while both sides hold new discussions to try to resolve their differences. the fact that they are still talking and meeting you think that would boost the market after the big run up yesterday. we are down in a big white this morning. speaking of volatility. verizon customers are caught in the middle of a contract dispute. we're joined with more on that. and the other headlines making news this morning.

verizon warned that the customers may lose access to espn and the disney channel if they cannot reach a new agreement with disney. verizon said in an e-mail to customers and has been negotiating a renewal agreement with disney to keep the networks in the lineup as of yesterday though they have rejected all of its offers. the agreement expires on december 31. shares of disney closed up 5% yesterday. while verizon up almost 3%. we also have some new numbers from the the arrival of movie pass. amc said that it's a list service has more than a 600,000 subscribers as of the end of this year. growth has been pretty steady in the six months since its june debut. and since the service is run by a large theater operator. it has managed to avoid all of the problems. amc down 16% down your today.

it might have just gotten a lifeline. blue apron partnering with ww formally known as weight watchers giving access to millions of people who are committed to healthy eating. the chief executive said this will help to stabilize the company's customers cap without having to spend millions of dollars on advertising and promotion. it is something that has really cut into the company's bottom line in the past it is down nearly 81% year to date while ww down 4% year to date. tracy, thank you very much. let's take a quick look at where the u.s. stock markets are very the s&p also in negative territory as well as the nasdaq. down 104 points. what were hearing right now is the brutal storm moving across the country. and it is as threatening your new year's travels plans.

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let's get you caught up on what's happening now. at the massive rally yesterday. the best it has ever seen in one day. they are down 361 points. one and half percent. we are seen the same percentage a little bit worse than the nasdaq. president trump has arrived. he did make a surprise visit to our troops in iraq. chris and nielsen.

17-year-old girl in 18-year-old boy both from guatemala had died. all migrant children had been giving secretary medical screenings now. it has been used to help improve care for sick migrants. as volcanic activity intensifies. it triggered a deadly tsunami last week. more than 400 people were killed in the tsunami. an american has crossed antarctica becoming the first person ever to accomplish that feat alone. give it to him. he made the epic day journey. without any assistance. his fit friends and family tractor online. his now cannot wait for his friend so they can celebrate the major feet.

i wonder what the black tape is on his nose. it's pretty much a powerful storm. adam kloss is alive in the facts whether center with the latest. the bad weather is coming. for some folks it's already there. were talking about a big storm stretching at this point. it is just can be a heavy rain maker. we had watches and warnings stretching across for most of the plane states. that is a blizzard warning. the blizzard warning now stretching across the dakotas. we can see the big time snow coming pretty quick. this is a large system. this is a future radar. as the majority for everyone

else that is in the snow. it's just rain along the east coast for us. on friday. how much are we talking about. six to 8 inches. it's gonna be a big snow event for the midwest. >> think you very much. and let's actually look at the stock market futures. it's honestly what opposite of what we saw yesterday. amazon is just many factors. in the big rally. we are going to drill down everything to do with the retail sector and how it is reacting to these markets. we have a new allegations in the case against the former nissan ceo carlos gone. this time involving saudi

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one factor behind the big rally. holiday sales. possibly with that. they shut shot up nine and half percent. we have to go straight into amazon. thank you so much for joining us this morning. some are saying possibly hitting the bottom. then you have this. what is your take specifically on amazon. if they're not setting a record year over year on a given day. given how much it has been invested across its multiple platforms the sales growth is gonna be there. and this holiday is no exception.

at least i noticed it in spades because i live in bucks county. it is a ton of activity sunday and monday. there were vans running all over the place. they have these entrepreneurs that had signed up for him is on to deliver the last mile packages. i think they have a tendency to under promise and over deliver. i was walking around yesterday i noticed a gap 75% off a lot of the retailers may have been sane great sales. it seems like the discounts are incredible which would tighten margins. what do you think will happen after we get the actual results. i think we will see the impact

of the holiday season and it manifests itself. we did put out a sales forecast for that holiday which is new for us. when you have a 75 off of a product that's an indication that maybe things didn't go so well during the holiday season. one of the points that we try to look at what is the cadence of those promotions. i think you will go and see from a lot of retailers that they really need to clear merchandise so there could be pricing and it will be a race to the bottom. j.crew and neiman marcus are at the top of the list. they are on the c aa worry

list. they are the two that needed the holiday season the most out of that universe. there is debt maturities. let's check out the stock market right now. you can say it is on sale. s&p down 35. a monster rally yesterday. president trump making a surprise visit to the troops in iraq. the other reason i'm here today is to personally thank you and every service member throughout this region for a near elimination of the isis territory. and there you have a live shot.

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>> give a president who is very isolated right now with the trade tariffs. trade tariffs. it all matters on what happens with those. they post the best one day gain in history.

it shot up over a thousand points. it is actually the opposite of yesterday. and oil is down today as well. i popped popped almost 9% yesterday. forty-five.41 a barrel. and in asia. it was a missed performance. in a new study bring some bad news for the entry-level iphone. fbn:am continues right now. it is thursday, december 27.

>> with the u.s. right now. we have to bring in the big guys. in the fox news contributor. given the drop that we saw on monday. >> i don't think it is healthy. it is expected. you saw a major buyer.

as a trader these are exactly the type of markets you look to sell into. because the move that we made is going to fail and were already seen it this morning. this is a bear market. with a lot of issues out there. they always show up. what is your thought going forward.

5% of days. bear markets in 2008 and 2009. yesterday was definitely a good day. there are so many headwinds. a lot of which we talk about on the show. i think the market is trained at short -- sort it out. today is not the day.

maybe when we retest the lows. i think amazon was a perfect example yesterday. i think tech has a lot more room for the downside. one thing you have just remember as a trader i am looking as a way to trade actively. but as an investor i may look at things that are even going to have value right now. starting to buy a small at some of these levels.

if earnings season coming up in a few weeks. what are your thoughts in terms of if we didn't have a stock market you'd had to state my gosh. the economy is pretty good. we have a gdp at three are almost 4%. we have to say the underpinnings are great right now. i think that's gonna translate into company earnings. thank you very much todd and gary. >> president trump has just returned to the united states after making a surprise visit to iraq to visit the troops there. he defended his division to pull u.s. troops from the neighboring syria.

it was always to retake the territory. is a research fellow and then they went on to say that our task admission was never to nation build. and we concerned about what happened now in syria they do remain in iraq. could they be used in syria. >> there is a lot to be concerned about in syria. something this administration has been clear about is the

need to counter iran in that region. to prevent them from having that. and to make sure that they can actualize all of that regional policies. this is actually something i think will be a concern moving into 2019. i would say that i run here is the most opportunity at her. they are looking to reenter the in middle east. but it also defines iranian security policies. the drawdown and syria and in syria and in afghanistan.

in some ways it has been engaging in that. they're making sure that they aren't building military bases there and to actually strike those targets. this is something american leadership has clearly confined as a problem. in the arrest of the former nissan executive. tracy joins us now with more on that and the other headlines making news. >> he has been rearrested for the third time. the latest allegations brought by the prosecutors against the nissan chairman are based on

the use of company funds to pay a businessman who is believed to have helped him out of financial difficulties. the aggregated breach of trust. i just wanted to talk iphones since i had one. what is that demand for the cheaper model that has come out. a new study by consumer intelligence research partners has confirmed fears of disappointing demand for apples 10r. it is the cheapest model. it has accounted for 32 percent of the iphone market during the first month and that's according to the study. during the same time last year. the max.

in the months following the release. of the cheaper 10r. apple is a trading slightly lower in the premarket. there it is on your screen. new year's eve coming up you might have a little bit too much champagne but there is a cure and it might be in the cabinet with the baby food. if you are in need of a hangover cure after that new year's eve party. the popular teller drink is targeting them. it works to restore meta- role loss in children who are sick. and now i will go up against gatorade and power aid for adults. they sought double-digit growth. it's on cell quantities are limited on amazon. as a stock up now.

and she doesn't have any children. thank you very much. she knew the benefit before anybody else. the s&p down 35. if reigns supreme on wall street. who will take the blame for the government shutdown now and day six. we need a safety for our country. and finally some goodies good news for facebook and the ceo. guys, it's that time... and nothin's happenin'.

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welcome back let's get you caught up on what's happening right now. you can see everything in the red. pretty much the opposite of yesterday's trend. the manhunt is on for that person accused of shooting and killing a police officer during a traffic stop. at 1:00 a.m. on wednesday. the gunman gunmen seen on your screen right now. is spotted by beer just before the shooting. the police are asking for the public's help. he was working overtime on christmas to try to provide for his family. before being gunned down. an academic all-american and when he when he played football at the university of iowa. he made the claim on his resume and government documents the organization

said he may have confused his all district selection with being all-american. it's back in facebook. shares declined to 100 $16. it remained stable despite privacy concerns. and tough headlines. a one-time skeptic to a major goal. and that's what's happening right now. the partial government shutdown. he has prepared to wait as long as it takes to get funding for the border wall. i think they're under a lot of pressure. the problem is we need ten votes in the senate. we got them by a lot.

they are just trying to run the clock. we get the new congress on january 3. the bill that they were just talking about. it dies. what happens now? they are both played it to their base. and what's interesting about this particular shutdown unlike other ones is they actually know what that what it's about. they're talking about it. in numbers that we very seldom see. it's astonishing. and they largely blame the president. the president who took ownership of this was on the wrong side of approval if you

look at congress right now it's kind of this degree of unhappiness with the american voter. they don't want to be known as the party of destruction. what will they actually sign or can it. you have to see some sweetener that they would say. the challenge now politically the issue is and they don't like shutdowns. they view it as a dysfunctional government. it's also americans forget very quickly about shutdowns. they may lame democrats in congress.

memory fades. so was ever seen as only need this. they may not had to suffer political consequences. unfortunately they are and sent it to how does it change the optics of everything playing out in politics that's a great question. i can just simply if something occurs there that the president can't adopt as a victory if there is even the slightest little bit. i think that will reinforce the base. it can really only help the president i think. let's take a look at the u.s. stock futures. supposed to be a quiet week.

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welcome back. something happened at a bowl game yesterday that has never happened before. we will turn to jared max it will tell me what that something was. for those that keep the record books never before have a full -- despicable game been canceled for bad weather. they go up to seven nothing and then lightning crashes outside of the cotton bowl. nine minutes and 52 seconds into the game gets called

off. cheeses anyone. you could've gone after a couple of boxes of cheese it's lasting. two touchdowns and 224 yards in the blowout win over georgia tech. lebron james is going to miss tonight's game. sacramento against the king. and knocked them out in the third quarter of the christmas blowout against boise state. 97% higher than the game at that same time slot. the numbers were up significantly on the other games on monday.

he was treated like a hero again in chicago last night. twenty-four points and eight assists. tyler trent is an honorary captain of the purdue football team. he is a former student and he is terminally ill. he is in hospice care but right now he is with his family and nashville to be at the music city bowl. his father tweeted this. what a special story. they formed this special relationship. and it's great that he gets to have this moment.

you can catch the sports report coming up they won the day on wall street yesterday. i'm so excited to just talk about it carried over to europe. we will check global markets when we return. . .

>> oil prices rallying the most we have seen in 2 years yesterday, although they are pulling back this morning. we have joshua mahoney, market analysts in london, good morning, josh, would we attribute most of the move yesterday to the russian energy minister making comments about lower oil?

>> yeah, good morning. look, certainly that's going to have had an impact, the fact that russians are talking about stabilization and oil prices but we all expect to see some sort of stabilization, we can't see continue watching oil price it is way they have especially opec and russia have decide today cut production in 2019. to me this is a story about volatility and sentiment, people are going to see buying opportunities with the fact that we have seen downside in such prices, downside in terms of oil prices. given the fact that we have low volumes and high volatility isn't necessarily a surprise, the beginning of end of downside of oil prices unfortunately. >> what about markets given the massive swing we had on the dow yesterday? do you think the united states has continued exceptionalism trend that's only in the u.s. versus other markets?

>> yeah, well, i mean, uk markets and european markets follow on what's happened yesterday in terms of massive upside in u.s. markets. it's similar story. if you have seen massive amount of selling leading up to this point, the fact that we have seen oversize move in u.s. markets shouldn't be surprising. if you look at bigger picture, we are not necessarily out of woods quite yet, we have bearish trend in play and that's, you know, some people are talking about is this the end of the selloff? i'm a little bit more cautious honestly. this happened at a time where there's not many people trading and you don't see high volatility doesn't necessarily show me confidence. >> josh, thank you for joining us this morning. >> thank you. >> and let's turn to a familiar face that you have seen moments ago on our set, lauren is

hopefully she's about ready, right? lauren: i'm here. >> she's filling in for mornings with maria, i will throw it to you. lauren:i am lauren simonetti in for maria bartiromo, thursday december 27th, top stories at 6:00 a.m. eastern time. monster rally at risk. futures pointing to pretty sharp selloff at open. 386 points, nasdaq down 2%, 126 points to the downside, of course, this after the record-setter that we saw yesterday on wall street when the dow jones industrials lost single one-point in history, that's 5% for the dow. the s&p 500, adding up 5%, nasdaq adding almost 6% but we are down this morning, no follow-through at least not yesterday, markets in europe, mixed performance here, cac in paris up a point, ftse down and

dax down 166 reopening after christmas holiday today. nikkei in japan big winner, 4%, let's take a look at oil, prices lower this morning after 9% surge in yesterday's big rally, 45.56 a barrel, down 56 cents. setting a day united states and china set to resume trade negotiations in the new year, we do have details on the reported meeting, when will it happen? back here at home, surprising from visiting troops, first trip since taking office, addressing government shutdown and how long it could last. >> we need a wall so when you say how long is it going to take? when are they going to say that we need border security, when are the democrats going to