>> home run, look at that. [closing bell rings] stocks at a closing high. dow 232 points higher. s&p 500, 17. nasdaq 16 points higher. that will do it for "countdown." i'm kristina partsinevelos. susan li and blake burman for the closing bell. susan: we had been down as much as 611 points earlier in the day. yes volatility continues. new concerns about slowing economic growth, trade tensions with china, political uncertainty in the nation's capitol. guess what? it is all off the table at this point. it is in positive territory, congress back in session this hour. lawmakers are gaveling in at any moment now. partial government shutdown enters the sixth day. the dow closing up 255 points, just one day after the historic 1000 point surge. i'm susan li in for

melissa francis. blake: what a last couple hours we've had. blake burman for connell mcshane this is "after the bell." the s&p 500 also finishing in the green. got you covered from wall street to washington. gerri willis on floor of new york stock exchange. phil flynn at the cme and we'll talk with kevin hassett about today's market volatility. we'll talk to gerri first on the floor. >> what a day. late this afternoon, someone told me, gerri if we finish down 100 points on the dow, that would be a hugely successful day. look what happened, up 256 points on the dow. amazing turn around from down 611. s&p 500 is in positive territory as well. nearly a full percentage point. nasdaq ending positive as well. this is not what the markets expected today. a major turn around. good news, especially standing back, consider the previous trading session was up 1000

points on the dow. so, we've got the dow for the month still down pretty dramatically, about 12%. so, want to see some more turn around in these stocks for folks. but i wanted to step back to look at sectors for the year, what has gone on there. we've seen energy down 31%. materials down 19. industrials down 16.6. so big moves for those sectors to the negative. the only sector in the positive was health care which is up 2.5% which is protected by those economic winds that buffett other sorts of stocks. utilities basically flat. info tech down 3.5%. but let me tell you, the tone of this market changing. largely from what i'm hearing, possibly because of pensions buying in at this point. that is what we're seeing. that is the word down here. and short-covering. send it back to you. let me tell you, if you've been with us a few moments ago, when the dow turned positive, there was a big cheer on the floor of

the new york stock exchange. people liked to see that. susan: that's right. that is a swing of 800 points. gerri, thank you so much. good to see you. let's bring in our market panel, james freeman from "the wall street journal," liz peek foxnews.com columnist. both fox news contributors. adam johnson with us as well. adam, to you first, what is all the volatility about? >> there is this tug-of-war between emotion on one hand and what i would call reality on the other. the numbers are pretty darn good, susan. if you look what gdp is doing, growing 3%, if you look earnings growing at 25%, and you look at what people are doing, they're working, more americans than ever before that is a pretty strong scenario. rates are still low. doesn't suggest recession. everyone got that "r" word in their head, it kept buzzing around. susan: that's right. i don't see contraction. what do you make, james of the market move. what does it tell you of the

volatility? >> for some people it suggests opportunity. volatility from a lot of concerns. we talk about how the china trade dispute this is very good economy. sectors among public companies. i look a lot at private small companies in the nfib survey, whether confidence or investment, so far all very positive signals. susan: i completely agree with you. small business is positive and optimistic heading into 2019. liz is this about thin volumes, exaggerated moves head into year-end? >> it may be but i think it is about cheap stocks. stocks are down 15, 20%. earnings grow pretty quickly. now the first quarter looks pretty good after robust retail sales in the fourth quarter. look, everyone has said this, the economy, the underlying economy, yes a little slower for sure. than the last two quarters, boeing into the first quarter, but still extremely strong.

no big credit problems out there. our economy is looking pretty good and i think we did see some short selling yesterday and today. the end of tax-loss selling. that is something we can't quantify but i'm pretty sure that is contributing to the down markets the last couple weeks. susan: some say the $850 billion in holiday spending hasn't been factored into the fourth quarter gdp numbers yet. >> that's right. susan: you guys sit tight. we'll get to a big guest coming up. blake. blake: with all the market volatility we want to bring in kevin hassett, white house council of economic advisors the chairman over there. >> great to be here, thanks. blake: this is pretty wild days. 1,000 point move yesterday and what you saw today. if the president saw what was going on, you would tell him what? >> i spoke with the president last night flying back from air force one. the bottom line the fundamentals are strong just as your guests

mentioned. anybody that can really tell you for sure why the market did this or that today needs to have their head examined. the market is much smarter than us, it moves around for very strange reasons day-to-day but in the long run, i said compounding is the most powerful force in the universe and compounding of growth be can lead to heck of a lot of earnings and heck of a lot of dividend. 2 1/2 is looking like pretty good yield relative to bonds. people are looking at that, decided they should get in. markets are signaling there is downside risk for next year. the thing we focus on all the upside risk for next year. as your guests mentioned holiday sales are through the roof. which means very solid fourth quarter. we have had heck of a lot of momentum going into next year. there is reason to be optimistic about the upside next year. i think those risks are better balanced now that the market moved better towards where it is now. blake: kevin, you told us you spoke with the president last

night about the markets. what did he say? >> yeah, well the president was flying back and he just called to check in on what was going on as often happens. there was some data coming out as well but i think the president thinks that the economy is doing well. that the economic fundamentals are sound and i think he is very pleased to see that the markets are moving back to sort of where they belong given the fundamentals. blake: let me ask you, you made news the other day which markets seemed to like that jay powell isn't going anywhere in his job. he will 100% stay there. "the wall street journal" is reporting that powell might have reached out to the white house, there might be some sort of communication to make sure these two, the president and the fed chair get to sit down face-to-face to talk to each other. can you update the status where that might stand now? >> i'm not that involved in the discussions but i think if they did meet it would be a very favorable thing. the two of them are great guys would get along if they were to meet to talk things through. the president loves to listen to

reason, arguments analysis and they would have very productive dinner. right now i don't have any news to break on that. blake: i know you say you are not involved in the discussions could we take that there are discussions that something could happen? >> larry kudlow quoted in "wall street journal" saying there were discussions. but larry didn't talk to me about it. i'm sure there is something going on otherwise i'm sure larry wouldn't have said it in the journal the way he did. blake: you're not part of negotiating team in china and your involved with the economic team and yours peers are involved in this. there was news out of china there are high-level discussions even during the ongoing christmas break. what have the discussions been like? more importantly is there any forward progress as far as the administration sees it? >> as we were just talking about, upside risk for markets, i would like to highlight. here i am, we're here at the white house today, working. i was just talking to mick mulvaney in mick mulvaney's office, the president is over there, we're all working waiting

to hear from schumer on the government shutdown. we made a great offer to them hoping they move on soon and negotiating with china. i think that level of commitment is what it will take to deliver upside news in those places and i very much expect that in the next few days. blake: ball moving forward with the chinese delegation. >> that is what i'm hearing as well. blake: thank you. great. kevin hassett. appreciate it. susan: let's get reaction. bring back in our panel, james freeman, liz peek, adam johnson. adam i was kind of encouraged by the positives when it comes to china trade. >> i'm glad you mentioned that. i've been listening to myself speak because people tell me i'm far too optimist i can. i think there are reasons to be optimists or optimistic. the fact they're working through the holiday says a lot. the fact that the chinese have given ground on several different occasions says a lot. quite frankly both trump and xi need a win. politically they're facing headwinds. they need some sort of a deal and i think they get it done.

i'm long way bow and alibaba. susan: that makes sense. kevin hassett agrees with the rest of the world and markets they would probably make a lot of headway if they actually met face-to-face? >> i think mr. powell could probably make a pretty good case that the fed is confident raising rates because the economy is strong and i think that is largely the result of president trump's policies. i think kevin hassett, you take his optimism seriously because you remember that capital expenditure boom happened basically exactly as the white house predicted it would as a result of the tax cut. i think it could be a productive discussion. basically the economy is pretty good. there is a lot of evidence that the fed should be raising rates off what is historically still a very low level. susan: so, liz, i told you what i thought was important. why don't you tell me what stood out to you in that conversation? >> look i think it is very good to have the administration try to be reassuring particularly on

china because i think the whole anxiety in this market, let's face it if you trace it back two months ago it all started with the whole tariff issue. the fact that presumably was part of why china was slowing. then you had europe begin to slow which may or may not have anything to do with that but i think if we see some resolution and what recently has happened is that the chinese have made a proposal about no longer requiring forced transfer of intellectual property. they must do something to respond to president trump's anxiousness or anxiety about basically the chinese stealing american know-how. it has gone on for decades. that would be a huge shift and i think it would be very welcome. susan: a lot of measures. access for companies, foreign companies in the chinese market. you guys hang tight. we'll be back with you in just a bit. blake: meantime it is day six of the government shutdown. lawmakers gaveling back in on capitol hill but with no deal to

move forward. fox business's hillary vaughn is at the white house with the latest reaction from the president. hi, hillary. reporter: hey, blake. we're getting new details from white house press secretary sarah sanders saying moments ago in a statement to the press that the administration presented what she says is a common sense solution to democrats five days ago. she says they have not heard from a single one since the government has been shut down saying in a statement, quote, the president and his team stayed in washington over christmas hoping to negotiate a deal that would stop a dangerous crisis on the border, protect american communities, reopen the government. the democrats decided to go home the only rational conclusion is that the democrat party is openly choosing to keep our government closed to protect illegal immigrants rather than the american people. now the president has just seven days from today to get 10 senate democrats on board. if he wants to land a deal before democrats take over the house on january 3rd jump

paying yesterday that he thinks senate minority leader chuck schumer is actually ready to make a deal but he points to pelosi as the real roadblock. >> here is the problem we have. we have a problem with the democrats because nancy pelosi is calling the shots, not chuck. and chuck wants to have this done, i really believe that. so nancy is calling the shots and they all know, look, politically speaking, i don't do it for politics. i'm doing nothing for politics, politically speaking people want border security. reporter: pelosi and schumer complain the white house is sending mixed message what is they're exactly to agree or compromise on in order to get border wall funded. pelosi mocking the white house saying they started asking for a wall. that evolved into a fence. now she says they're asking for essentially a beaded curtain along the border. blake. blake: they say might not be

about politics, hillary. it is all about politics. hillary vaughn. susan: so many descriptions. beaded fences. oil sliding today. oil prices erasing some of its gains from yesterday's rally. phil, what is driving the trade right now? we're giving back some? >> we were giving some back, but we're coming back. we're almost a dollar off the low after the stock market had an incredible comeback. early in the day oil traders are like oh, no, there goes the stock market again. this rally in oil yesterday. we're going back to slowing economy. higher supplies but that is not happening. now all of sudden we're getting a big bounce. we're seeing in a lot of commodities right now. we're seeing it in the vix index. we were very fearful in the day. back to 30 and down to 29. gold was up almost $8 earlier in the day, 7 or $8. it's pulled back from the high. what we're seeing the recovery in the stock markets, giving a

sigh of relief to a lot of commodity markets over here. maybe we'll be able to come off the low even more tomorrow. it is all about the stock market. we have to look at the overnight market. that's going to be key. we had the big come back yesterday in stocks. big comeback in oil but they didn't carry it throughout the rest of the word. if they do it overnight it will go a lot better for the new year. >> bell is ringing. phil flynn there. >> thank you. blake: congress returning to washington as the government remains partially shut down. we're coming up live on capitol hill as lawmakers try to end this budget battle. susan: keeping your data safe. consumers remain concerned over privacy. one tech company is leading the pack for most untrustworthy. can you take any guess? blake: russia, have you seen what they unveiled? a weapon they say travels 27 times faster than the speed of sound.

what else russia is saying later in the show. ♪ ♪ ♪ ♪ ♪ ♪ the greatest wish of all is one that brings us together. the final days of wish list are here. sign and drive off in a new lincoln with zero down, zero due at signing,

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susan: look at a comeback on wall street once again. volatility is here. the dow swinging more than 850 points from today's low to high, closing up more than 250 points as lawmakers gaveled back in washington, d.c. there is no deal to end the partial government shutdown. peter doocy live on capitol hill with the very latest. peter? reporter: the very latest lawmakers were told not to expect anymore votes for the rest of this week. even though the house did gavel in and gavel right back out, there is hardly anybody here. >> not much is happening in washington as best i can tell.

ultimately the president needs to sign a bill. schumer needs to give 10 votes to pass in the senate. until they finish their deliberations, hopefully schumer decides he agrees we need security on the u.s.-mexican border we'll be able to go back to work. reporter: democratic senator kamala harris is focusing on impact of shut down. as you head back tore the holidays, approximately 350,000 tsa agents are not be paid at work during one of the busiest travel times of the year. be patient during this time. we have spoken to mark meadows, the conservative house freedom caucus chairman who encouraged president trump to stay firm, not accept a spending bill that did not put $5 billion in border wall money forward. meadows is telling us now, because of the lack of progress, he thinks this is going to be a long shutdown. he also tweeted this. nancy pelosi told president trump on national tv, the house didn't have the votes for a border wall bill. we did.

it passed easily. the house passed it. white house wants. senate majority wants it. the one blocking open and secure border chuck schumer. schumer's whip in the senate, dick durbin posted this. no end in sight for the president's government shutdown. he has taken the government hostage for a outrageous demand for a 5 billion-dollar border wall that would be wasteful and ineffective. president is making that a priority and house lawmakers just got sent home for the week. so no solution today. back to you. susan: thank you, so much, peter, good too he sue as always. -- see you as always. blake: fred barnes, former "weekly standard" executive editor, fox news contribute. hi, fred. >> hi. blake: to some up all of that, nothing happened today. likely nothing happens next week. there will be a new congress and probably nothing will happen at the beginning of that, sounds

right? >> sounds right to me. in a crazy world congress wouldn't come back, check right in and check right out again. you wouldn't do that. democrats and republicans get together, something they both want. trump wants money for the wall. democrats want to get something like 1.7 million young, hispanics who are here illegally to get them legalized in this country and on the path to citizenship. and but, things don't work that way in washington. blake: right. i guess the question is at this point who blinks first and when? >> well, that's a good question and i don't know the answer but i think that trump, at some point is going to get money for the wall and at some point democrats will get these young people here illegally legalized and it may be an early january but -- blake: but that seems like, that seems like some bigger tradeoff at this point. >> yeah. blake: they can barely agree, i

don't want to call it small stuff but lesser than that, so what gives you any sort of optimism they would be able to agree on a much bigger tradeoff for something like that? >> i wouldn't use the word optimism. blake: fair enough. >> look, there is, getting some money doesn't have to be five billion. it can be one billion or two billion, something like that. that shouldn't be that hard. then it is not as important at the moment than the 1.7 million young people who really get to have their lives changed. so, the problem here is the democrats have made it a test of their leadership whether they deny trump any money at all for this, this wall. i think democrats are going to have to back down first and will. blake: fred, if there is some sort of backdown from either side, there is a compromise at some point here in the new

calendar year and then this issue is put to the side didn't we just get or aren't we in the middle of right now a pretty big preview of what may be the next 700 days at the minimum could look like? >> oh, yeah i hope not but i think you're right. one of the things that will mark the first one hundred days are all the subpoenas democrats talked about issuing in order to bring officials of the trump administration on capitol hill and have them grilled about, about everything they have been doing. that will really be, quite a show. blake: almost makes you wonder what legislation will get done. i mean president now threatened last week or two weeks ago, border wall for infrastructure. that ain't happening either. >> well, start with infrastructure. i've talked to mitch mcconnell, the republican leader in the senate. he says, fine we can get all the infrastructure we want but we have to pay for it. blake: do that, right.

>> how do you do that? that's the hard part. then trump and democrats and some republicans want to have, do something that lowers prescription drug prices in the country. well, that's going to be hard too. blake: maybe they can come to the middle on there. fred barnes, we have to leave it there. thank you, sir of the appreciate it. >> you're welcome. susan: coming to the table again. a u.s. trade team reportedly heading to china in the new year. how these talks could impact the ongoing trade war and markets here at home. dan henninger from "the wall street journal" responds right after this break. ♪ yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work.

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susan: the trade war state of play. a u.s. government delegation will reportedly travel to beijing the week of january the 7th in order to continue trade talks with chinese officials and this as the white house considers issuing an executive order banning u.s.

companies from purchasing network equipment and gear from huawei and also zte. let's bring in dan henninger, "wall street journal" editorial page deputy editor, also a fox news contributor. let's start with the trade headlines, first of all. this is what we call reproachment. this is december, january, february, i'm moving along the calendar as you see. my mind is lost among all the holidays but dan, haven't we been here before? >> we have been here before indeed but our sources at the white house they are generally making progress with the chinese on this trade dispute but the question is, what are the details? i mean the chinese going to talk to a delegation including david malpass, the undersecretary of the treasury next week? and the question is, the chinese will say we don't know exactly what the americans want for us. if it were just the trade dispute, just traded goods, the chinese said for instance, we'll

buy more soybeans from american farmers but the american side is saying we want structural changes in the way the chinese do business with u.s. companies. we want changes in the way the chinese, for instance, deal with cybersecurity. now you're talking about issues that would require enormous negotiations, these are serious, massive trade negotiations that aren't going to happy quickly. susan: more than 90 days, right? you're not going to negotiate to get that done in three months? >> i have some sympathy with the administration. trade rep, bob lighthizer says the president will not push past the march deadline. you always have to worry a little bit that the chinese use some negotiations as delaying tactic to kick the can down the road. susan: dan, i would say i've been encouraged by some of the news flow out of china of the they will take up the law to actually stop forcing forced technology transfer from u.s. companies and also more access to the markets without having a a joint venture partner in the

chinese markets. i find that encouraging. those are some of the demands, by the way, from the trump administration. >> that is exactly right. if they start in fact doing that, if they make good on the commitments, then i think you have to credit the trump administration with making enormous progress in the trading relationship with china. keep in mind that chinese president xi xinping is himself under a lot of internal pressure of people unhappy with the trade relationship with the united states and so i think it is possible that when mr. malpass goes over there, we could see some progress early next year on this front. susan: president xi under pressure by the way by the slowing chinese economy and slowing corporate profit. >> exactly right. susan: dan, quickly, asking huawei and zte, not to use their network equipment. that is not a big step too far for the administration which banned huawei selling the phones on u.s. defense bases. the government isn't installing their five g network or

telecommunications network either. >> i think this issue is probably difficult. you try to think about it as separate from the trade negotiations because the threat from way -- huawei as we move into 5g, the security threat is real. not just the united states, uk, australia, japan. huawei is always questions about its ownership. they are claimed by their owned by their 80,000 employees. beyond that we don't know the relationship is with the chinese government who indeed has conducted hacking and cyber threats against the united states and the u.s. government. so this is something i think the trump administration is right to stand firm on, pressing huawei on its behavior here. susan: okay, dan, thank you so much for your time. >> good to be with you. blake: well the fight to win the white house in 2020 begins or at least we're getting close to there, my goodness. susan: a long way to go. blake: so what type of candidate are democrats looking for to take on president trump?

you might be surprised. us mr. the left revealing the biggest challenge come election season and what edge president trump has at least at the moment over their party. that is all coming up next. ♪

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blake: saying this at the end of 2018 into 2019, the race for the white house now, number one 2020 democratic challenger could be a surprise.

nearly six in 10 democrats or independents would be excited someone new ran for president according to a new poll from "usa today." former vice president joe biden ranks second in the survey, then bernie sanders and beto o'rourke katy mcenany and john summers, forker communications director for senator harry reid. john, start with you. what does it say democrats want someone new or someone won their first election 46 years ago? doesn't seem like a middle ground. >> biden came in at 53% as i remember correctly as opposed to 59%. it was a close second. someone with a lot of experience, who could actually meet trump on his terms and can certainly connect with voters. we've seen that time and time again but you know, i think it does say people are looking for pressure faces. they're looking for fresh ideas, for fresh voices f there is anything that's clear, and this is something i think we can give

donald trump credit for, it is not about the establishment anymore in either party. and so, people i think are hungry to see, like i said, some new faces and hear some fresh ideas. blake: kaley, when you talk about new faces, fresh ideas, at one point that was senator barack obama coming out of nowhere. at one point that was real estate mogul donald trump coming out of nowhere in a way. is there potentially fear of unknown, potentially someone coming out of left field and actually challenging this president? >> i don't think because there is no trump of the left. what i mean by that, president donald trump is like no other president in history. he came, he was a businessman. no political experience. took the establishment by surprise. the polls were all off. three of his opponents outspent him. jeb bush, marco rubio, nevertheless he won the primary because we're in a change electorate. voters want a change. why some democratic voters broke

away from hillary, particularly the factory workers in michigan, pennsylvania, wisconsin, and voted for president trump to deliver him the presidency. there is no similar outsider on the democraticside. they're not fearful of it. if they elect joe biden, they're ceiling their own fate reelecting president trump. joe biden is another old, tired, establishment figure, clearly democratic voters don't support him to the same tune as someone new and fresh. >> given the way kaley is trashing him, the way we've seen trump trash biden as well, goes to show you how afraid the republicans are actually of him. >> not afraid at all. blake: leave it there for a second. democratic party chairman, tom per recent making year-end pitch to members, fund-raising memo, we face our greatest challenge taking back the white house. donald trump has years of campaigning under his belt and $100 million in the bank. kaley, accurate? >> absolutely accurate. it is a very big deal, going

back to at least ronald reagan, no other president has even started fund-raising at this point. that is something new. it is something novel. something president trump did from the day he was inaugurated. now he is 106 million-dollar war chest. that is extraordinary. the dnc is broke. the rnc covers are full. one thing scared democrats, 56% of donors to president trump are small donors, $200 or less. real grassroots support. blake: does that worry you at all? a candidate can come out of nowhere raise unbelievable amount of money, beto o'rourke in the senate, he didn't win but raised a ton of money. can he make up that gap. >> absolutely zero fear in that regard. money will be there. frankly it would be surprising given how early trump. announcer: he would run for re-election. still not clear of a primary by the way. not surprising at all. in fact it wouldn't be surprising he didn't have much. this is standard fund-raising email perez sent out. it sends an important message. that is that you can't take this

election for granted. that is one of the things i think got donald trump in the white house. people saw him, they thought there is no way, he is going to win. i think i can stay home. particularly if they were voters who weren't that excited about hillary clinton. i think this is perez sending very clear message, despite this president's unfitness, if you will for office, we can't take it for granted. we have to get out there. we've got to start building up our own covers as well. blake: john, kaley, one thing you can both agree on, 23 months away is long and short time. >> that is right. blake: thank you both. appreciate it. susan: okay. which tech company do you trust the least? a new survey revealing one company stands out from the rest. do you have any guesses? that is coming your way next. ♪ but everywhere else... there are performers, dancers, designers the dads and the drivers.

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susan: new trouble for facebook. mark zuckerberg's company topping the list of

least-trusted tech companies according to a survey by research company tuluna. facebook is way out in front with 40% of the vote. amazon and twitter, tied for second at 8%. let's bring back in the panel for reaction. james, liz, adam. james, not a surprise? >> i think consumers are kind of ambivalent, right? they like a lot of the services these tech companies provide but then not so much enthusiastic when they realize how much data they're sharing. an example of that, you can see amazon on that list but alexa is one of the big sellers this holiday season. as far as facebook maybe part of the problem there the company and the executives presented themselves for a long time beyond mere commercial concerns making the world a better place and maybe the reality is not exactly the same. susan: now, adam, i would usually shake off these consumer surveys but this actually had an

impact on the stock. i would say the pr debacle weighed on facebook this year, so would you touch isn't. >> absolutely. not only would i touch it i have touched it. i'm long the stock. susan, one themes served my career, when good companies stomach before. 25% of the world's eyeballs are on facebook. the company is doing two things to monetize. number one, putting buy and click one-stop shopping on instagram. that will be huge. creating a online bank. you will transfer money on facebook. i like it. susan: transfer money on whatsapp, that is another property they own. liz, talking about social media. we were talking about the peak social media over the summer when likes of snap and google were losing users. >> transferring money on facebook, what could go wrong? i think the whole social media sphere has come under long deserved media scrutiny.

facebook is a standout having multiple issues with data privacy issues and handling the pr of those missteps extremely poorly. what is notable frankly in the survey, that google barely shows up. let's face it they have some pretty big issues, not only in terms of data privacy, but in terms of refusing to work with the american government on artificial intelligence and other issues. so look, these companies are going to get oversight increasingly. they are going to get some regulation. already in the eu they have and tell you the truth, i think it's a probably a good thing. susan: james, liz, adam, thank you for your insights today. >> thank you. blake: still to come, disaster in indonesia. that nation warning its citizens now that another tsunami could strike just days after hundreds were killed. ♪ anything but typical. anything but typical. that's why we designed capital one cafes.

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susan: a catastrophe in southeast asia. officials in indonesia warning the off limits zone around a volcano they think triggered the tsunami that struck the country last weekend killing hundreds. now authorities say more destruction could be on the way. fox news correspondent greg palkot in london with the latest. reporter: there is a new threat from the volcano which has already done so much damage in indonesia. officials there have now raised the danger level to the second highest. that means there could be a new eruption which could threaten more towns and villages. people are being asked to move away from the coastline and from the volcano itself. the krakatoa volume taken know continues to spew out smoke and ash, so much so flights are diverted from around the area. scientists are confirming it was an underwater landslide triggered by another eruption of the volcano saturday night that caused this tsunami waves, that

left 429 dead, 1500 injured, 160 remain missing. over 20,000 homeless. meanwhile, difficult relief efforts. heavy rain and flooding, making the scene of devastation even harder to deal with. reports say a knocked-out bridge left six villages stranded and isolated. a state of emergency remains in effect until next week as questions begin to ask why there wasn't better warning of this disaster? the region the scene of all kinds of trouble, volcanoes, tsunamis, earthquakes or combinations of all three. in london, greg palkot, fox news. susan: thank you, greg. blake: images there out of indonesia just horrible. susan: tragic. blake: so terrible. meantime a growing threat. we're learning about new details about russia's latest strategic weapon, what it is, what it can do, what russia is saying about this, what we might be able to do about it? nothing at all possibly?

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blake: a new kind of strategic weapon, russia's deputy prime minister warning the country's new hypersonic nuclear capable missile renders all defenses useless. it's impossible to intercept and locate. sounds like a movie trailer. here now is david sears, retired navy s.e.a.l. you rattle all that off, it sounds like a thing from the future. the question is do we believe russia indeed has this, the ability to deploy this? >> i don't think they have the ability to deploy it right now. so it's always questionable what russia does have in terms of technology. they are very good at deception, that's just been part of their m.o. for years, going way back, and they are prone to exaggeration. it's also the timing of this is a little bit suspect, as we come to negotiating or pulling out of

different nuclear nonproliferation treaties and things like that. always questionable. blake: the difference as we look at this graphic on the screen is a missile that would be fired goes from point a to point b, you know, precision to take it from one spot to the other but as you saw in that graphic there, the hypersonic missile can go up and down, side to side, all over the place and get to where it eventually wants to go, in theory. >> right. that's really the big difference. ballistic missiles, think of it like a fly ball in baseball, it goes up and comes down with gravity. so you can calculate given enough information, the trajectories and then in theory, intercept that and have your own calculations that allow you to fire another object to intercept it, whatever it is. blake: like a fastball mixed with a curveball mixed with a slider mixed with a changeup, right? under that analogy? >> it would be like a drone baseball, stop in midflight, wouldn't stop but just completely change direction. even a curveball has a trajectory to it.

this would be unpredictable. if it can maneuver, which that's what we are trying to do with all these hypersonic weapons, get them to maneuver but at very high speed, then the trajectory becomes unpredictable and the problem is to shoot that down, it gets a lot more difficult. blake: if russia has this capability, if you were to take them at their word, they beat the u.s. to the punch here? >> they could. that's one of the issues with these hypersonic weapons, it increases or decreases your decision time to a response to a nuclear strike. so the danger of miscalculation by either side starts to become magnified, because it takes -- so hypersonic is considered mach5 up to mach20, really fast. mach 5, we are talking one mile per second. mach 20, four miles per second. so you can cover a lot of ground very quickly with these things. and catch somebody by surprise. blake: not that it is expected

russia would fire something like this any time soon, but if they have the capability, does the united states at this point stand to be able to defend itself from something like this? >> not right now. we have seen our antiballistic missile programs, you saw a lot of those being put under scrutiny with a year and a half ago or so as we were looking at north korea and the verbatim that was coming out of there, right? we know those are not 100% successful either. that's the ballistic missile piece. the fly ball. now add these, we just don't have systems right now that are capable of stopping this. blake: scary to think about. david sears, retired navy s.e.a.l., appreciate you joining us. thank you. >> thanks, blake. blake: tell you what seems supersonic, can we put up the chart of the dow? going up and down, side to side. that's kind of what we had on the corner of wall and broad. late speed, flying around all over the place, and a surprise at the end. susan: you can trust these numbers. blake: verified. we can confirm.

these are the correct numbers. susan: verify. let's see what tomorrow brings. there's always a last hour of trade, kind of like a basketball game. there's always a score at the end of the game that counts, right? that does it for us. "bulls & bears" starts right now. david: take a look at this, markets making a huge comeback in the final hours of trading, jumping more than 870 points from the lows this afternoon. the largest one-day point drop to end in positive territory in history. hang on to your hats. this is "bulls & bears." i'm david asman. joining me, danielle demartino booth, rick unger, i can only take one unger at a time. all major averages closing in the green with the dow adding 260 points to yesterday's 1,000 point rally. dramatic volatility day to day, hour by hour, really. what is going owi