if you do come up across the big old bag of emeralds please give your pal a call. remember you can't take it with you. >> it has changed on wall street. it's not about buying any bit it's about selling every rally. after president trump tweeted some good news on the u.s. and china trade talks. take a look at futures right now. they've been sharply higher overnight. the s&p up 21. but have they closed out the worst year since 2008. it is down nearly 7%. the nasdaq down to 4.6% as we head into today. the final trading day for 200018. it was a tough year for oil

prices. and then take a look at europe's stocks actually opening higher there. they were actually closed for holidays except for the market in hong kong. and more bad news for former nissan chairman the latest controversial move. by the japanese prosecutors. fbn:am starts right now it is monday, december 31. good morning everyone. lauren simonetti has the day off today. president trump talking up the possibility of a trade deal with china after speaking with

president chee on saturday. here is what they treated over -- tweeted over the weekend. just had a long and very good call. it is moving along really well. if made it will be very comprehensive covering all subjects. but sources are telling the wall street journal right now. that the president may be exaggerating. the progress in a bid to call financial markets. more challenges for china's economy. the manufacturing activity there. heading in the hitting the lowest level in more than two years. that might put some pressure on the chinese. the partial government shutdown entering its second week. with no resolution in sight.

the negotiations between party leaders had not been happening to you typically see. a number of lawmakers in both parties are trying to work out a deal. the current proposal include a combination of funding for the wall and a number of other immigration provisions. that they support. the hope is that those conditions could be enough to get a deal. but that was also the hope with a bipartisan immigration deal. i think we been here before. i was in the room when the president said if congress passes something i'm going to sign it. and that he moved then he moved back away from that. we do need comprehensive immigration reform. there's no doubt about that.

one of the lawmakers working behind the scene. but on state of the union he said of the problem right now as democratic leaders are interested in negotiating or trying to reach a compromise. they want trump to lose more than they want their country to win. but everybody is changing their position here and most americans are pretty tired of it. they will pick up later this week once the new congress begins the shutdown will drag on the finger-pointing across the aisle will continue. that is affecting the investor sentiment as well. he says, the president is reevaluating a rapid pullout of american troops from syria. after meeting with the president at the white house the south carolina senator said he feels better about the trump administrations syria policy. he promised to destroy isis we

are not there yet. but as i said today. we are inside the 10-yard line. and the president understands the need to do the job. now what's going on. it's going to start the new year in jail. this is amazing that there to keep him in jail. a tokyo court has ruled that he could be held in jail without the possibility of bale. he has been held in custody now for more than a month and a half. in the ongoing investigation into alleged misconduct during his time at nissan. each arrest allows prosecutors to keep the suspects have attained for up to 22 days without bail. if approved by the court.

this has gone on is gone on long enough. that's insane. this is a big attack. they were printed and delivered. they threatened the distribution of the chicago tribune. a first detected malware. friday. or personally identifiable information. reports that it did come outside of the united states. will be talking about that later on today. final weekend of 200018 for

the box office. >> we have made it until the end of the year. aquaman came out on top. the movie brought in just over $51 million bringing the domestic total to 188 million dollars. and the mule. hopefully it will be a better year. i feel like we ended the year stronger than we started. we will take the profits. we will see you in a little bit. let's talk about this. bird box has smashed a netflix

record with a never be seen --dash like never before seen number. the thriller starring sandra bullock had the best of our first ever first week for a netflix film. 45million accounts have now streamed bird box. they all had to wear a blindfold. it's pretty amazing and netflix never releases those numbers. >> what should investors be making. let's bring in the macs find co- fund counter.

what do you make of the differing reports. he have the fabless phone call with the president in china. their sources are telling them that the president is just trying to calm down financial markets. what do you think is going on here. it's almost 20% until the recent recovery from the high. we are still down single digits today. they've been taking a lot more heat than we have. both sides right now i have some things to worry about. there economy might be skidding into a real recession.

investors don't want another thing to worry about. any good news on this is can help the market. the fact remains on the last trading day. that is down almost 7% for the year. health care at least it was spot. i found that this morning. it seems like it's the details that they're concerned about here. they did make some short-term moves. those are some economist. they could let american companies invest in chinese companies and do more deals. they could can use the regulatory framework to halt it.

any agreement we get with them. or just really taken it back to levels before the trade war. that is the other problem. it could probably linger around for very a very long time. it would just be one of the fears gone from the market. that could help us come back off of the essential bear market. and that could be a confidence builder. selleck were going to solve all of it right this year. >> the concern about cyber espionage they've been trying

to keep it on the sidelines. as we have the officials a charge too. happy new year. we have a lot more to talk about. on the final trading day of a 2018. let's check out futures first. of course, we are looking at losses for all of the major averages. still ahead when the clock strikes midnight tonight. the u.s. workers are can have something extra to celebrate. minimum wage is set to spike across the country. they shut down the new year's

plan. you're watching fbn:am.

>> welcome back. let's get you caught up on what's happening now. taking a look at futures as we go into the final trading day of 2018 although all of the major averages are down for the year. the dow is up in the premarket to 12. the nasdaq is up 57. investigators have determined that it defected metal bracket is to blame for a bridge collapse. four paramedics were helping a passenger off of the plane when the bridge collapsed.

two southwest employees were also on the bridge all six people injured have now been released in the hospital. paris is recovering this morning after another violent weekend of fiery riots. thousands of protesters setting fires in causing chaos. they are protesting the rising steel tactics. the popular tourist spots. they are surrounded by thick black smoke as you can see there on your screen. obamacare will remain the law as it is being appealed. the same federal judge in texas. as unconstitutional earlier this month. now the new decision means obama care will likely stay in place for another year. as it goes through the appeals process. nasa is starting that new year. around midnight the agency is going to stream its new horizon space craft that is a

map. if you haven't heard of it for billion miles away from earth. they feared the stream might not happen due to the partial government shutdown which has left 3,000 employees working without pay but they still are going to be delivering tonight. >> once again it's been a rough year for the markets. futures right now on the final trading day are pointing to a higher open. the dow and s&p and the nasdaq. as we mentioned earlier. it is down almost 7% for the year. s&p down more than 7%. goldman sachs is the biggest loser for the year. the last week for the wild ride on wall street. the u.s. economy is actually heading towards a recession. but the white house they are not worried. >> the basic economy has reawakened and it will stay there the recession is so far

in the distance i can't see it. to the market participants out there. do they agree with that assessment. working to talk about it. >> just a few hours. times square will be filled with millions of people waiting to walk him into the new year. we have gina seen she is live with all the action. she's in a tight what you need to know for tonight. you're watching fbn:am. [music] well, how are the massage chairs working out for everyone? i dunno. i'm still a little stressed about buying our new house. well, it's a good thing we don't have to worry about homeowners insurance. geico can help with that. we can get homeowners insurance help from geico?

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if you are going to be among those packing into times square tonight. you're going to want to wear your raincoat. a severe storm is expected to hit new york city just before the ball drops. i wonder if she will be holding her umbrella for the rest of the day. good morning. how is it out there. >> happy new year. this is a ball. this is the actual ball that will drop in times square 200688 waterford crystal's on this baby. it has dropped since 1907 here. 1159 of course on the fox news

channel if you want to join us. here are your temperatures. it is going to be one of the warmest forecast here in new york city. the warmest we ever had was 58. it's pretty close. the problem as we are going to be dealing with heavy rain so the front that is moving through along the cold front. the potential for heavy rain. behind your front. that's where we have the really cold air especially across the northern plains. we can actually could actually see some snow across a central rockies. looking ahead at the radar. that is where we have this big storm system setting up. and the potential for heavy rain around the same time as the ball drops on new york city. all of that moisture is going to move in to the northeast corridor. not only in new york.

up towards boston. we actually could see some the potential for flooding. if you are headed to outdoor activities and make sure you are dressed appropriately. they are not going to allow you to head umbrellas in times square. so you have to make sure you are wearing a rain slicker a rain hat. if there is any. it's going to be a warm new year's eve. we are expecting up to 2 million people in times square. you know that security is good to be pretty tight. make sure that you are heading in a fairly early. like around now. are you coming girlfriend. >> how do i say this. there is no way. every year i sam to go out there and join the fox crew. and i never do. because i would fall asleep. there's always next year. happy new year. great to have you. as always thank you for being on for 2018. thank you ma'am. we will see you soon.

let's watch with the markets are gonna do today. because it is the last trading day we are wrapping up a training for 2018. again all of the major averages are in the rate -- read for the year. i'm trying to find some positive news for you. at least the healthcare sector is doing okay. another day another cyber attack. this time on major u.s. newspaper. as is now the new normal and what can we do to stop it. in other brighter notes. a ring in the new year with some free stuff. how you can score deals and freebies before the ball drops especially if it's gonna rain in times square. you're watching fbn:am. [music] (clock ticking) (bell ringing) it's time. time for a new kind of cloud.

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>> you need either a major policy mistake or a massive accident to push us into recession. but we will slow down recession or no recession. that is that question. here are your markets on the final trading day.

we will talk more about that. a different story. they are closing at their worst year since 2008. s&p down over 7%. the tech heavy nasdaq over 4.6 percent. as we go into the final trading day of the year. has been a rough day for investors. let's look at oil. they actually lost over 24 percent over the year. taking a look at europe. the markets are actually close there. they are actually opening up fractionally higher. most ages -- most markets were

closed for holidays. they did actually gain 1.3 percent. as we all get ready to ring in the new year. we are to tell you where to get the best new year's eve deals. fbn:am starts right now. we are coming up on 5:30 a.m. here. good morning everyone. lauren simonetti has a day off today. we are heading into the final trading day of the year. we are on track for the worst year since 2008. they weighed in on what is ahead for the u.s. economy. it would remain strong wages

would continue to rise. and the economy on the standard owned basis would look fine. they will remain volatile. one of the most prominent market watchers out there. we are all kind of wondering about 200019. and as much as i hate to put the guest on the spot. because of the bad performance could actually push the u.s. economy into the recession.

i think it is a little bit of both. i think one of the big things that concerns me. obviously we had rising wages but of course it doesn't cut into company profits. with that the threat of higher interest rates. we've to any people trying to manipulate it. i think the big thing to me is when they come out and it says. it's always a big warning sign. hasn't that been a good year for the banks.

they can just be interest rates. i think there is a lot of other factors. i think growth is slowing. one of the things is of course it's a great for the american people. for eight years we have a very low wages. in the employer's held all of the cards there is more a jobs available. if to pay more. all of the things change the overall growth pattern. happy new year and have a

great day. it's good to see you. there is also something else that we had been looking at. this happened over the weekend. it targeted major newspapers in this country. it slowed publication. the biggest question here is who is behind the attack. we are looking at the regular usual suspects. this is a pretty massive attack against the papers. it was one that was premeditated and very targeted. i think it's a sad reality of the world we live in.

becomes another possible -- possible target. we've under invested in this. the threats are dynamic and ever-changing. this is an area is just individual citizens of the united states. this could be very sensitive to company data. in the middle of the shutdown. we are aware of reports of a potential cyber incident. we are working with our government partners to better understand the situation. but at least they issued a statement on it. i do want to go into the broader story of 2018. a lot of talk about interest rates rising for 2019. and there is a lot of concern that that could really make that tech wreck go into it

2019. facebook lost more than 24 percent. we had one more day to go. it does not equal causation here. for all of their data breaches. the underperformance there. i think heading into the new year in 2019. to be more selective. their patented technologies.

the things like alphabet and facebook and amazon. >> see you not worried overall about the interest rate story. some of them are a little slim. i think it's on a case-by-case basis. the sector as a whole is not heavily reliant on debt. i don't worry about the interest rate impact. there are a lot of companies that are tied to china. that could be the turn on them are correct happy new year. the giver being here. let's stay with technology. the amazon empire is expanding again. tracy carrasco has that story. what a performer. amazon is planning to build

and expand the stores across the country in a more suburbs. some of these stores may have extra space to accommodate. no official word yet from amazon and whole foods on the new store construction. it's up 26% year-to-date. that could be an interesting real estate story. let's talk about amazon. the car dealers are now making a bigger push in the line. it's kind of taking a page out of amazon's playbook here. they are offering that through the website. they say they dislike visiting and dealership.

you don't get to test out that specific vehicle you want to purchase. analyst though say a new trend could expand the reach. you can to see the car you want. as a last day of the year which also means there is a lot of good deals out there. one final day to take advantage of some deals. panera bread rewards members have a chance to get a free bagel. i happen it is a last day for the special grid menu. also a number of restaurants are ending their gift card promotions many of them have

freebies that they offer in the new year. take advantage those. not just for members checking the local aaa area. especially tonight. happy new year to you also. we will see you in 2019. as far as the markets go. the dow is higher in premarket. the major averages for the year likely to be closing down pretty substantially. coming up let's talk sports with the indianapolis colts hitting against the titans. and then there was this known

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>> welcome back the original season is ending for the nfl. it was a cute sunday. as we get ready for the playoffs. it's an exciting time of year. the most wonderful time of the year. i took until game 256 the season finale to a lockup lock up the final spot. they would wind up with the three touchdown passes on the night. indianapolis takes the sixth seat at of the acc.

down to the wire for the reigning super bowl champ. they seem to do what they just do best. they weave them to a 24-zero when. philadelphia back in the postseason. we will find out more today. lemar jackson is about to become the youngest quarterback in postseason history to start the game. they clinched the nfc north abound. houston coming away with a 20-three went over the jaguars to lock up the afc south.

they wind up 11 and five. so here you have the opening games of the postseason starting on saturday. they will square off with the ravens. they begin their bid for the repeat against chicago and the bears. had coaches get the boot but two teams have a head start on the holiday rush so to speak. they follow suit. there is a handful of coaches rumored to be on the chopping block today. and kickers are used to putting up three points on a field goal. one decided to go for six yesterday. i will let this call it do it justice. membrane are for 20.

here in lambeau here in december. no laces and delivers a dime in the end of the end zone. showing a little love for the special teamer. how about that play. the last game of the season. can't hold anything back. it's great to have you care with us as well. that was great and a lot of fun to look forward to in football. you can catch matt of course on xm 115. the stock market futures are higher right now. all of the major averages are in the red. as is oil.

the u.s. economy may be in shape but a lot of the younger americans are pretty worried about their finances. we will take what they are planning to do about it. we are going to look at the hits a lot of mom-and-pop stores are taken right now. you're watching fbn:am. i am not for colds. i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal.

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>> welcome back let's could you cut get you caught up on what's happening now. the higher for the final trading day of the year. it was a privilege in the presidential campaign. more than two dozen staffers are there. hoping to establish the clear sexual harassment policies. present trump has ruled out pay increases.

they signed an executive order that frozen pay for 1.8 million employees. canceling a 2.1% increase that was expected for them. there can hike minimum-wage in 2019. new york city hiking it up to 15. on the study said at that millenials are focused on saving money in the near -- in the new year. it's the top of financial stress of the year. happening right now we've been talking about it. the partial government shutdown entering the second week right now. the cofounder of the ceo. glad to be here new year's day.

there are a lot of details that have been hurting small business. you think about 800,000 federal workers. they are neck and the spend the money in the local businesses. it really does trickle down. not to use the old reagan terminology. there is also another factor here. they miss a paycheck. they don't get to generally make up the paycheck. some of these federal workers that are put off some of those

folks that work as a contractor for the federal government once they miss those hours. they might never see this money come back. they will remain an active until further notice. they apologize. if you operate on short-term loans for your business in your capital. >> this is the heartbeat of america. when you shut down sca and you can't create new loans what our small business owner supposed to do. it is one of the most important functions of the federal government to help small business owners they could be dead in the water. in 2014 after that 2013 shutdown. they did a big city on the aftereffects of what went down. and what they said was basically the loss of pay during this 13 shutdown lead

that among government workers. we don't know how long the shutdown will go. we could be going into january with the new congress. he's in this for the long haul. it was affecting a lot more people than he was really taking into consideration. i'm not sure we are headed in the right direction with this. have a good new year's. we have a lot more coming up folks. oil is down 24 percent for the year.

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that's it! just giving back and producing love for everybody. >> all right let's talk about oil prices actually higher this morning. but we are on track for the contract, for first annual decline since 2015 senior market analyst at group and fox business contributor happy new year, phil. >> i'm telling you what, i'm going to be celebrating by pouring barrels over it because it is right now. >> that's what you do that's your big new year's eve celebration. let's talk about this oil is -- >> half full or empty every year. >> i like that you're positive. oil for the right now but for the year oil was down basically 25% for the year that is a big drop. >> it really is. you know it started off with such promise oil prices were on

fire global economy was doing great. you know we're going to put sanctions on iran, really ticket to the iranian and cut off their supplies but then all of a sudden you know back in october, everything changed. donald trump granted waivers to iran, all of a sudden the global economy looked shaky and then oil prices collapsed but really incredible year high volatility, in going into the new year i don't think we've seen anything just yet. >> okay. so i was going to ask you about 2019 because there's a lot of what ifs opec is a what if domestic production and tracking in u.s. that is a what if. there's concern about energy companies if you look at the s&p 500, the sectors for the year the worst performer wases actually energy. and a i hate to say it but down 20% for the year so there's a economic job story for the u.s. as well. that's not a good what if. >> it has been a tough year for the energy companies you know they were expecting higher prices they got geared up they raise production here in the u.s.

and all of a sudden prices collapsed. i actually think, though, energy is going to have a great year in the new year. i think a lot of the selloff in the reasons for the selloff really became overdone and when it comes to opec don't count them outs. they're serious about cutting production, those cuts are going to go into effect in new yore and i think it is going to have an impact listen if global economy isn't merely as the supply is but that means that four year high could be taken out in the new year. >> so happy new year. >> happy new year. good to see you i'll think of you when you're place setting -- [laughter] phil flynn thank you very much. i have to say happy new yore and good morning to dagen mcdowell. >> welcome back cheryl casone i missed you last week oh you look so well rested no i just my face is puffy so that's -- just kidding. that's a trick. cheryl i will see you later good

to see you. good morning everybody i'm daig taig in for maria bartiromo monday december the 31sts new year's eve your top stories at 6 a.m. eastern. ending the year on a high note. or trying -- futures are heading higher this morning after president trump tweeted about a positive phone call with china's president xi jinping indicating a possible easing of u.s. trade tensions with china. futures are showing big gains across the board a 206 point gain on dow futures right now. and a geed week on wall street, could not reverse december's incredible losses. look at the markets this month. all three major market gauges down roughly 10% just in the month of december. which will mean that 2018 ends in the red right now the dow is down 6.7% for the year. the s&p lower by 7% and nasdaq off by more than 4 and a half percent.

over in europe today, we have gains across the board, the biggest winner there dax in germany up 1.7% at the moment. and asia overnight the hang seng up rest of the market close d for the holidays. and extended detention former nissan chairman carr goes ghosn staying in jail without the possibility of bail through the new year. end of the new year. details on when he could be released. then security alert a new report out shows more apps are sharing your data with facebook. without your permission it we he the very latest and a happy new year, you're looking live at the fireworks from the harbor bridge where 2019 has officially begun. we'll take you live to more celebration around the world throughout the morning. all of that and so much more coming up this morning. senior fellow at the national taxpayers union mathty nice to see her here in new york an