a reminder you can catch my show, "bulls and bears" every night at 5:00 p.m. >> fundmentals have strong as you guest mentioned. anybody that can tell you why the market did this or that need to have heads examined. lauren: 800 point swing for dow jones industrial average turning 600 point drop into 260 point gain in final hour of trading. >> dow posting 3% gain but putting worst performing month. dow up 41 points, s&p 5, nasdaq 10. lauren: oil prices moving sharply higher overnight. they did sink yesterday. volatility hitting commodities too.

45.74 a barrel. >> move over to europe to see how markets are doing at the moment. also in the green. ftse up over 100 pointses, cac 71. lauren: stocks in asia mostly higher except japan. also posting first annual loss in 7 years. >> creator of fortnite makes billions of dollars off of a pregame. we will have more, fbn:am starts right now. lauren: 5:01 a.m. in new york. lauren simonetti. >> kristina partsinevelos filling in for cheryl casone. no santa rally, but still exciting. lauren: exciting nonetheless. the news that we are following right now has to do with massive

search underway for illegal immigrant who allegedly killed california police officer, nationwide debate over border wall funding is intensifying, president trump tweeting, full-scale manhunt for illegal immigrant killing and shooting police officer during traffic stop, time to get tough on traffic stop. >> gunned down the day after christmas, he survived by his wife and 5-month-old son. police say the suspect is considered armed and dangerous. lauren: funding if for wall at the center of partial government shutdown in seventh day, congress closing out the week with no resolution in sight. >> hillary vaughn with the latest. >> good morning, lauren and kristina. they did not hear from one democrat during the first 5 days of shutdown. sarah sanders saying in statement they offered democrats common sense fix but they didn't

respond. the and his team stayed over christmas, the democrats decided to go home, the democratic party openly chose to go keep the government close to protect illegal americans rather than american people, the president has 7 days to get 10 senate democrats on board before democrats take control of the house and the president thinks senate minority chuck schumer ready to make the deal but points to pelosi as road block. >> we have a problem with the democrats because nancy pelosi is calling the shots, not chuck. chuck wants to have this done. i really believe that. nancy is calling the shots and they all know, politically speaking i don't do it for politics, i'm doing nothing politics, politically speaking, people want border security. >> pelosi is pushing back saying in a statement, quote, democrats have offered republicans 3

options to reopen government that all include funding for strong sensible and effective border security but not the president's immoral, in effective and expensive wall with the house majority democrats will act swiftly to end the trump shutdown. now pelosi says that president trump is using scared tactics to push his border wall through, the president says the democrats continuing to delay is obstructing border security. lauren and kristina. >> president trump reportedly prepare to go take another step against china, according to reuters trump may use executive order to ban telecom equipment from huawei and would have major impact of the latest version of wireless technology known as 5g, there's been no comment from the white house or huawei or zte for that matter. lauren: back to markets, another

wild day closing higher by 260. there's so much to unpack with trading that we've seen. david, ceo and investment strategy is going to help us get through all of this, good morning, david, i guess we are curious why we are seeing shot of adrenaline in the final hour in the past two sessions in a row, big shot. >> good morning, happy holidays. yesterday's trade was fantastic. we had big short-covering rally on wednesday pushing the dow up a thousand points, we saw exactly what we we wanted to see yesterday with the market down in the morning and rallying merely off of the lows to close higher. so that u was very positive for us overall. lauren: have stocks found a bottom yet? >> looks like we may have a temporary bottom, i think santa gave us the after christmas day sale on christmas eve with the market being down 600, a lot of

stocks making new lows, we want to buy low and sell high, at this time we may have seen temporary bottom, we could be higher into the first part of the year, absolutely. lauren: after wednesday's decision, 1,000 plus point gain, it was interesting yesterday morning our futures were down and global markets were mostly lower, we didn't see the follow-through, what's different today and european markets are up across the board and most of asia is as well, it seems to be a global rally taking place. >> today, yes, usually you do see a pullback, a test like we had yesterday of 50% retracement. so that was very positive that we actually opened down, i think we are changing the investor psychology a little bit, we were sell on the rally, sell on the rallies but now we have gotten to the point where we are starting to buy on the dip a little bit more. a change in psychology especially with the closing of the year and getting rid of tax law selling is a positive for

global markets and the u.s. market. lauren: speaking of psychology, consumer confidence down now for 2 months in a row, consumers are starting to feel what's going on in washington, d.c., what's going on with trade, with china, et cetera, so that number was down but kevin hassett was on after the bologna fox business yesterday and pointed out that markets don't always gauge momentum going on in the economy, listen. >> the holiday sales are through the roof which means that we've got a solid fourth quarter, we've got heck a lot of momentum going into next year and small business momentum is something you don't see in markets right because a lot of firms aren't publicly traded. a lot of reasons to be optimistic about the upside too. lauren: what do you think? >> strong consumer spending, your neighbor has a job, your brother has a job, you're making more money, so the majority of the people out there are not necessarily invested in the stock market directly, they

maybe invested through 401(k) plan and they haven't gotten december statement which show market being down 10%, if you have payroll check and making more money you feel better about the economy, so usually takes more than a couple of months of market being down for average consume tore react and we have been telling consumers, don't react, don't react to market fluctuation, hopefully this can be a temporary pullback. lauren: no recession then in 2019 in your view? >> well, i believe we will have a slower growth but we don't see recession in '19, no. lauren: thank you for coming on this morning, happy new year. >> happy new, bye bye. >> mcdonalds want to focus again on breakfast business. lauren: tracee carrasco with headlines making news. tracee: when mcdonalds moved to all day breakfast, sales to afternoons and evenings and now

in an effort to get customers to eat breakfast at breakfast time mcdonalds with new items, testing baked goods and offering more competitive breakfast deals including 1 dollar breakfast sandwiches. mcdonalds is up 1% year to date. >> yesterday i had a lot of people complain about change of instagram. i didn't see it on my phone, what happened? tracee: i didn't see it either. lauren: i did. tracee: fixed a bug for large number of users, small test being distributed widely, some users had to tap and swipe feed horizontally y. -- sparked outrage on twitter. luckily things are back to normal. lauren: i was confused.

>> do you think it was a bug, though? lauren: i thought that he redesigned it. it might be free but how much money did fortnite make this year? tracee: creator of fortnite said the game made $3 billion in profit this year and amassed 200 million players fall 2017 debut. even though fortnight it is free, encourages to game in-game purchases and new number shows iphone users alone were spending $1 million every day on fortnight for purchases nearly $40 million a month thanks to fortnite's success, about $15 billion. lauren: wow, tracee carrasco, thank you very much, see you in a bit. >> another chance to become a millionaire, everyone want toes to hear about this, new mega million dollar drawing, now up to estimated $340 million, the

odds of winning jackpot 1 in nearly 303 million. lauren: why do we have to say what your odds are? >> we shouldn't do stats, your odds are more likely to be hit by lighting and drowning, those are more interesting stats. lauren: agree. let's check futures this morning. nice gain yesterday in the end and we are up this morning up 73, s&p up about 9, nasdaq up 17. midwest getting slammed by blizzard, fox meteorologist adam klotz is coming up, he has the forecast and new yorkers are used to a lot of strange things but a blue sky at night, we will explain, beautiful shot, though i am not for colds.

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lauren: happy friday, got confused for a second. it is friday, everybody, let's get you caught up on what's happening now. futures looking decent this morning, up 95 points on the dow, nasdaq up 22, winning week for the stock market losing year for the stock market with today and monday left. former new york city mayor michael bloomberg reportedly willing to spend $100 million to fund potential presidential run. bloomberg spent the same amount to keep democrats in key midterm race this is year. senior adviser says it's safe to assume that bloomberg spent that much on his own bed. bloomberg is expected to decide at 2020 run at the beginning of next year. mysterious blue lights filled new york city skyline last night. beautiful photos sparking

speculation about what this was, some suggested strange weather or even aliens, here is a story, a blown transformer in queens that just shined brightly. small explosion caused scattered power outages in the city, fortunately nobody was hurt but you did get to enjoy the beautiful scene. this is not a beautiful scene, winter storm causing blizzard-like conditions, barreling up upper midwest but is expected to continue to weaken this morning, that's what's happening now, kristina. >> midwest is hit by heavy snowstorm, blizzard warnings, even, parts of southwest and heavy rain flash flooding are all expect today hit parts of the east where we are. lauren: adam klotz live in fox weather center, not good news adam, good morning? >> no, not good news. there's any good news is that all of the snow beginning to wind down, it's turn to go rain event

because too warm in eastern half of the country. this is what the satellite and radar looks r the last 24 hours, still lingering snow on the backside of the system continuing to see at least some blizzard-like conditions but that's going to be wrapping up in the next couple of hours, just yesterday entirely full, still a couple of spots under winter weather advisory, do i think it winds down through first half of friday as you put into motion, the final little bit of snow begin to move out of areas and becomes rain event across entire east coast, boston all the way to east coast, atlanta, 2-inches of rain here through overnight hours, this is heavy rain across portions of the southeast, likely flooding there. at times heavy rains in major cities, boston, new york, dc through early morning hours, the real issue here is it is too warm, still all the cold air lingers, any moisture, snow forecast at highs today, spots

behind cold front single digits in northern plains, that's where a lot of the snow has been. as you push east, high today in new york city, 56-degrees, closer to 70-degrees in raleigh, north carolina. this is a cold front that's sweeping all the rain across the country, colder air funneling behind it, 51-degrees in new york city for us saturday, staying warm for us. i'm expecting a rather mild here when the ball drops in new york city, mild new year's eve as well, guys. lauren: that could be bad news. >> i want snow. >> not on the way yet. [laughter] lauren: thank you, happy new year. >> happy new year. >> let's actually move on now because snow is not in the cards, let's take a look at how stock futures are doing as we head into crazy volatile week in final day of trading, everything in the dow, s&p 11, nasdaq 24

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lauren: new study finds that many u.s. companies are flushed with cash thanks in part to tax cuts. pwc mesh rochelle joins us now to discuss all of this, it's good, mitch? >> the most important is m&a activity is somewhat decoupled from the company. you see companies doing deals mergers and acquisitions and the sort regardless of whether the economy is slow or strong. when we look at 2019, we are not too worried m&a will be slowed down by fears of economy slowing. lauren: what type of companies are looking to merge? >> two different kinds of things is happening, scale is really important. you sea the cigna-aetna deal. those deals are largely driven

on just trying to get bigger to deal with the changes that are afoot. the other thing we will see a lot next year is m&a activity in the technology space. all the emerging technologies like artificial intelligence, cloud computing, somebody will find it necessary to buy as opposed to try to invent some of that technology. lauren: at the same time we are seeing many industrials break up, general electric, united technologies, they are trying to separate out their different businesses to perform more strongly so how do you justify the two? >> i think they are all tied together, lauren, when you're late in the cycle, companies find need to break up to create shareholder value, by the same tone companies that want to acquire and since they are acquiring businesses, makes sense to break up, some place for assets to go. private equities will play big role, they have raised tons of money, billions and billion of

dollars and waiting on the sideline anxiously looking for deals. lauren: dry powder when it's often difficult to get forms of financing. is it difficult to get financing? >> that's the one wrinkle. that's equity and they have it on the sideline and some financing has been tough to get in the last couple of months. some of the credit markets turned sideways as a result of the market shake-out, but the fact of the matter is, banks are eager to lend if the deals make sense for them and that's a big thing that we saw last year with the banks, we didn't see some of the loan growth in large commercial deals so banks have tremendous amount of dry powder themselves and they are looking to pump in as well. lauren: were you encouraged by steven mnuchin's phone call with top 6 u.s. banks and how it's liquidities and that scared people?

>> he was trying to make sure that there wasn't a problem, the response is we weren't on the phone calls, responses were strong and the banks in fact, said brokerage firms or banks that primarily lend, they said we have the money, our balance sheets are really, really strong and we are looking forward to doing a lot of business in 2019. so i think the marketplace by in large encouraged by the answer i think they were more freaked out that the phone call was made. lauren: even if we do have a slowdown in 2019 your prediction m&a will be strong regardless. got it. >> m&a has been strong regardless, my sound bite, big decoupling what goes on the economy. lauren: happy new year, see you in 2019. >> you've got pit. >> we did hit allow of 611 points, there's a lot of movement going on, let's look at futures now that could change as

we know in a matter of hours but dow up 69, s&p 500, just about 8 and a half and the nasdaq 17 points, but the big question is what is behind huge volatility, can we blame the computers? >> they are racing each other to point of sale and no longer anything resembling buyers and sellers meeting in essential spot and doing what's right for everyone. >> what's right for everyone? we will take a look at what's ahead for investors, pot industry big business, we will tell you about it in just a few minutes. stay tuned. today, there are more sensors on our planet than people. we're putting ai into everything, and everything into the cloud. it's all so... smart.

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>> the president thinks that the economy is doing well, that the economic fundamentals are sound and i think he's please today see markets are moving back so sort of where they belong given fundamentals. lauren: wild day of trading with 800-point swing, 260 points. >> dow posting 3% gain but still putting in the worst performance since 2009 for the month. that could change dow up 92 points, s&p 11 and nasdaq almost 26 points. lauren: volatility and commodities as well, oil prices

up 2.7%, 45.82 a barrel. >> let's head over to europe where we are seeing stocks that did open higher right now at the ftse up 114, cac 79, dax 182 points. lauren: lots of green in asia as well, you lier here is the japanese market, down .3% for the year, nikkei first an yale loss in 7 years. >> time play be running out for two most iconic retailers in u.s. history, we will get to it in just a few moments. ♪ ♪ lauren: coming up at 5:30, i'm lauren simonetti. >> i'm kristina partsinevelos filling in for cheryl casone. lauren: we are silly this

morning. congress closing out week with no resolution in sight. >> ray bogan in washington with the latest. >> the house and senate met again thursday with no progress. and with no sign of compromise in sight it's all but certain the shutdown will continue into the new year. >> the house will be in order. >> the house and senate gaveled in and gaveled out simply as formality thursday. capitol hill is a ghost town but at the white house president trump has been ramping up his calls for a border wall using the deadly shooting of a california police officer by and illegal immigrant as more justification writing on twitter, time to get tough on border security, build the wall. republicans want more than 5 billion for border security and wall, democrats are willing to give 1.6 billion. >> i would say the needle has moved towards a very long shutdown. >> in one week democrats take control of the house which could

affect negotiations. >> this is a manufactured shutdown unnecessary. >> nancy pelosi spokesman saying in statement, democrats want more discussion about how the money is used, quote, democrats have offered republicans 3 options to reopen government that all include funding for strong, sensible and effective border security, but not the president's immoral, in effective and expensive wall. >> we had to work at it until we get to an agreement where the majority say yes, but -- and i think we had that until the president, you know, went off his meds. >> the house and senate won't come into session until monday but those sessions too are just formality and aren't expect today further negotiations, in washington ray bogan fox news. >> 2018 living up to expectations and then some when it comes to market volatility. sinking 600 points before closing 260 points yesterday but

what's ahead of 2019? that's why we turn to dominic tavela who joins early this morning. >> good morning, kristin and happy new year. >> happy year to you too. i want to jump right into volatility and the fact that we have seen crazy swings but historically the -- climbed much higher in period of serious decline, does that mean we are far away from this bottom? >> well, the vix has been at higher end and gone higher at times, no, i don't think we are at the bottom just yet. we have to formulate a floor here and i think it'll happen over the next couple of months. expect more volatility going forward. >> going forward in 2019 if we are talking about corporate earnings around the corner, more of emphasis is focused on the fact that growth is slowing amongst these corporations?

>> so we do expect growth in 2019 to be lower w hea -- we had a spectacular year, which narrative do we buy into, the economy continues to grow or continues at pace, modestly slower pace or we get recession, we are in the camp that economy continues to chug along. >> why do you think all the movement has been happening within the last hour of trading? >> i think the real players come into the game the last couple of hours. so ourselves included we watch the markets all day long and you get a tone of where the market will go the last couple of hours and machine takes over and you get wild swings up and down based on the algorithms tell machines to do. >> usually consumer confidence doesn't look or pay that much attention to wall street, is that changing, what causing the

decrease? >> they are looking at headlines, crazy volatility, up a thousand down, 800 and vice versa. news about china and political turmoil, this does affect how people feel, how people feel affects how much they spend. we had a spectacular holiday season, visa master card reported amazing earnings, look, we will get statements, envelopes being opened in january, it's going to affect the consumer and ultimately that could affect economic spending in 2019. >> we talk about retail sales for master card 5.1% higher, sounds great, what about credit card debt and consumer debt because the latest numbers we had for october and that was at low 11-month low, sorry, 11-month high when it comes to consumer debt in the united states, shouldn't that be extremely concerning especially we continue to see interest rate hikes in 2019? >> great question.

the good news here is job growth continues 200 jobs a month, 2 and a half million, wages starting to show improvement, could be better but we are finally seeing workers have more money in pocket. gas prices are low, more money in their pocket but clearly they went a little bit overboard and visa and master card bills will be guy -- ginormous in january, that's a concern but spending is the primary economic concerning at this point in the game going forward. >> yet i still go and get sales during this time of year. thank you very much for joining us dominic. >> have a wonderful holiday. >> you too. lauren: weighing in on venture capital scene. probably best he's seen in the last 10 years. >> we are seeing enormous

entrepreneurial enthusiasm permeating not just major cities, start-up labs, work spaces in every city in the country. lauren: watch full interview with alan tonight on morning -- i'm sorry, maria bartiromo's wall street, maria bartiromo's wall street. >> time maybe running out for retailer that maybe a lot of you don't shop at, sears. lauren: that's the problem, tracee carrasco with news making headlines. tracee: due in bankrupt court at 4:00 p.m., right now looks like there's only one buyer who expressed any interest in keeping sears in business, sears chairman, investment is the retailer's largest creditor and shareholder struggling on

financing. if no other offers surface, sears will go into liquidation. >> you have to bring up jc penny, what's going on. tracee: jp penny became a penny stocks, shares of the department store chain fell 92 at 97 cents, first ever closed below a dollar since company went public in 70's. struggling for results when revenue declined 6%, $2.65 billion. shares of jc penny down 6% so far. lauren: 97 cents, wow. another tie-up in marijuana market. tracee: green growth brands said it would make hostile take over for canadian pot producer in an all-stock deal valuing at just

over $2 billion. green growth said it had engaged aphria's board for combination before launching hostile bid and claimed it has support for shareholders who heard 10% of outstanding shares. >> so many opportunities within the cannabis industry. tracee: yes. >> thank you very much, tracee. lauren: you are from canada. >> i am. i have been following this, especially the cannabis drinks, a lot of money to be made. lauren: yeah, wild day of trading to be made. probably wild today. the highest we have seen this morning with dow up 146 points, s&p 16, nasdaq tacking on 33. we will take it, good week for the stock market. lawmakers are digging in for a long government shutdown. >> in the last 48 hours i would say the needle has moved towards a very long shutdown. lauren: how will that affect the stock market, low lon musk, back in the news asking the court to

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>> thanks for joining us this morning, let's get you caught up. not high moment ago. dow 128, nasdaq 31 points. tesla ceo elon musk has filed motion to dismiss a defamation lawsuit against him claiming his tweets are protected by the first amendment. the lawsuit is from a british diver who helped rescue the soccer team in cave which called pedophile.

rough time in 2018, ontario, canada testing giving out money to 4,000 people to cover the commodities of basic needs like food and housing had been shut down and finland's much hype 2017 program was discontinued in 2019. conservative leadership and lack of funding and disruption to existing contribute today basic income rough year. america's oldest military veteran who fought in world war ii has died at the age of 112 year's old. born in 1906, richard credited longevity to smoking cigars, drinking whiskey, praising god, he built in 1945 after returning from the war, he was in his 30's when he volunteered for the army, also believed to be oldest living american, what a story and that's what's happening now.

lauren: smoking cigars and drinking whiskey and you live to 112 year's old. >> he's on the porch talking to people, it's about people and relationships, and maybe the whiskey. >> that too. manhunt for alleged cop killer who police say is and illegal immigrant. >> the suspect is in our country illegally. he doesn't belong here, he's a criminal, we will find him, we will arrest him and we will bring him to justice. lauren: president trump is now using this crime as an example for why we need stricter border security, joining us now is republican strategists ash wright, good morning, ash, thanks for coming in this morning. that's a tough story. it really is as we are fighting over what to do with illegal immigration and also legal immigration in this country and fighting over funding fence,

wall, barrier, we have illegal immigrant, a police officer killed by illegal immigrant and this just really puts asterisk on the whole situation. yesterday congress gaveled in in the senate, 3:52 they left, are democrats taking this seriously s congress taking this seriously? >> i mean, they are taking running out the clocks seriously. nancy pelosi is running out the clocks. one of the interesting things looking at this there's essentially no end in sight. if we get to january 3rd with the government still shutdown, that would make it the third longest shutdown in history, which i think at this moment is an inevitable process unless something changes, seems like the president has come to the table.

he's offered up a few solutions to try and meet in the middle from his 5 billion for the border wall from their 1.6 billion for border security. as of today, there's no end in sight and, you know, i think this, you know, talking about the massive manhunt that's going on right now speak to the president's point and what he's trying to say about border security and interestingly, you know, final point is -- is this is border security it's good for republicans and we have to find nation somewhere in the middle. lauren: a lot of democrats want comprehensive reform but that doesn't stop illegal immigration. >> immigration in itself, there's a legal process for that and need for that, but what the president is pushing for border wall is border security and this speaks directly to that.

we know that the border wall works and, you know, specifically here in texas, if you look all the way back in history, several years ago, all of the democrat leadership today supported border wall back when george w. bush was president, 80% approved border wall. lauren: supreme court is taking many immigration issues, 2019, the ninth circuit has been detrimental to president trump and getting through reforms for immigrants that he wants to see. what do you expect in 2019? >> well, yeah, you will continue to see that through the courts. it'll be tough in the president in that area, in that issue, but really for 2019 it's going to be all based on -- i mean, the courts will, you know l do what they do to president trump but at the end of the day it's political, it's congress and it will be up to nancy pelosi and donald trump to find a happy

middle. lauren: shall be more willing to negotiate, do you have that hope or no, ash? >> i don't think she will. her base wants her to stand up to the president at least at the beginning of her term and play out that way for the first 6 months. lauren: and then become the party of obstruction even more. i hope we don't have the second longest shutdown in history. >> me too. >> on that note, let's take a look at where we are seeing u.s. stock market futures trading after a crazy week, what a week, dow up 128 points, s&p 15 and nasdaq about 29 points but we know how quickly that can change. a deal to bring cuban baseball players to mlb becomes a political football, tiger woods takes on -- sorry ambitious new project, jared max, of course, will be here with all of the details, you're watching fbn:am.

>> welcome back, it's a giant weekend for college football but

some players may not be able to participate and that's why we have to go to jared max to give us details and tell us why. jared: dexter lawrence will not play for clemsen against notre dame. lawrence along with two teammates tested positive for a banned substance, can be like steroid, clemsen still favor today win by 13. alabama, favorite to beat oklahoma tomorrow. hit the ball out of the park, independence ball, beat vanderbilt in texas ball last night. charlie brewers, 52-yard touchdown under 2 minutes to go.

broke tie. 45-38, 3 more bowl games coming up today. major league baseball recently announced deal with cuban baseball federation that aims to end dangerous trafficking of cuban players to the majors but this deal allows the cuban federation to collect fees for major league teams, as much as 20% of contracts, 25% of signing bonuses, florida senator marco rubio says it's illegal and immoral. he tweeted i'm work to go get it overruled as soon as possible. very confident that potus and state department will bring end to terrible one-sided deal. speaking of deals, nelson cruz who has hit more home runs than any player in last 5 years will sign deal to play with minnesota twins. apparently tiger woods too, tiger lead architect on project to renovate the historic golf course in jackson park in chicago outside of barack obama

library. 18-hole championship course built in the next few years. they say lebron james has slightly strained the groin, if it's a slight injury likely to miss more games. last night the lakers missed lebron. watch this. >> looking, looking. 3 seconds for the win. jared: lakers go down, so lebron james, he played 156 straight games and missed last night for the first time and now 157, they only say slight injury. >> didn't he miss the christmas game? jared: christmas game. >> you can catch fox sports fox news headlines 24/7, on siriusxm 115. jared: happy new year. >> happy new year.

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>> oil prices posting gains this morning following sharp losses yesterday, we have to turn to our expert phil flynn, senior market analyst at price futures group and, of course, fox news contributor who is joining us now, good morning, phil, great to see you because i know i saw you yesterday on the evening tv and now again 5:56 a.m., what is driving, when we talk about oil there's a lot of volatility, what do you see will happen in the next little while especially when you consider the fear of global slowdown and how it affects oil? >> well, thanks for having me on the kristina network by the way.

not quite. you know, what, listen, the early market leading economy down or early markets down. we saw the price of oil collapse after donald trump, you know, basically lifted the waivers on the iranian oil and that really drove the prices lower and raised concerns that maybe there were bigger concerns about the global economy but now the oil markets look into the volatility in the stock market for direction and after the big comeback yesterday oil prices all of a sudden look a little bit more bright right now, in fact, after rebounded in stocks, oil came off dollar off the low, higher in the overnight and really focused on the fact that if the global economy isn't really falling apart then the demand for oil will be really strong. >> phil, the russian energy minister blamed the united states for volatility in oil saying it has to do with protectionism here as well as

unpredictability within in the white house, any validity in the argument? >> with the risk of me that i'm colluding with the russians, the answer is yes, they are absolutely right. donald trump has probably had more impact on the price of oil for better or worse than any president that i can remember in recent memory. you know, when he told everybody, hey, we will put tough sanctions on iran, zero exports from iran and all of a sudden that drove up price of oil to $70 and plus, never mind, we will grant waivers, prices crash. so absolutely, that uncertainty, the changing of direction really caught the oil market off guard. >> phil, thank you so much for insight this morning. >> thank you. >> great, and now it's time for us to move onto mornings with maria with a familiar face lauren simonetti who is filling in, lauren, it's been a while, how are you doing? lauren: i didn't feel up my coffee cup.

>> i can bring you one. >> you don't have any time, you are busy today. good morning, everyone, i'm lauren simonetti filling in for maria bartiromo. wall street is looking to extend gains day number 3, futures sharply higher, dow gaining 123, similar percentage gains across this after roller coaster session for the markets, the dow swung 850 points during the session, finishing higher more than 1%. the s&p 500 picking up nearly 1%, the nasdaq tacking on. chairman kevin hassett saying the president is happy with the economy going into tend of the year. >> i think the president thinks that the economy is doing well that the economic fundamentals are sound and i think he's very pleased to see that the markets are moving to sort of where they belong given fundamentals. lauren: follow-through, upside for all three markets on your screen.

asian markets mostly higher as well. nikkei, the you lier here, it is down a third of 1% and negative for the first time on a year in 7 years. well, day number 7 of the government shutdown in washington and does not look like it will end before the end of the year, new poll shows more americans blaming president trump for shutdown. we will break it all down for you, outside there's wicked weather, millions of americans hit by blizzard conditions and we will tell you where this storm is heading next. plus, did you look outside, blue skies at night in new york. we have details on what exactly what happened and more of this pretty incredible yet beautiful video. aliens, maybe. all right, deadline day for sears, struggling retailer to find bidder for assets or it could disappear entirely, all of that coming up with me and this morning fox news contributor and greg gutfeld show correspondent,