they will have the tribulation but in the meantime, they will go higher. >> thank you, my friend. right now the dow is off 139 points. no sense of panic. at least not right now. there most consequential. >> who's panicking? we've got them falling behind us, christmas balls and flights. >> the holidays are here, it's wonderful. >> record-breaking retail figures, jeep markets at this hour but another lump of shrinking manufacturing data has more power on "wall street" into the final hour trade. a horrible holiday market last december. our show traders are at the writing on this first trading day of the month. the last of the decade. at least for the last month of the decade and why that might not necessarily be a bad thing. 9 billion reasons cyber monday seal the deal.

never stepping foot in the burger brick and mortar store. we are going straight to that distribution center on your screen to show you how the electronics giant is taking all orders on the record sale day. what if you eliminate the excessive mining process? does the gym bring true? grown in a lab. we will show you how it's done. the ceo is here within foxbusiness exclusive. you've got to see this. a billionaire face-off, jumped banning bloomberg news after the former new york city mayor processed anti- trump campaign ads. the chairman of the group called patriotic lena. we will ask more about the royal

blumberg bloomberg 2020 chances. that's in a foxbusiness exclusive. let's start the countdown. breaking news, at the top of this hour, seventh new york counties are now under a state of emergency as a slams the northeast. we speak right now, that is the right. live picture, snow and gusting winds are picking up 50 miles an hour. more than 13000 flights have now been delayed with nearly 1400 canceled. the coastal storm. we need to tell you that one county under state of emergency is new york state capital, albany.

look at the snow, a major snowfall overnight leaving nearly impossible for car owners to dig out their cars people couldn't even walk down the sidewalk without it first been cleared by a snowblower. it's looking ugly at this hour. most of massachusetts is under either winter storm warning or winter weather advisory through tuesday 7:00 a.m. and an additional four to 8 inches expected to accumulate by the time the storm is over. as the snow falls, extending their losses for second straight session. the strength 200 points right now. s&p 500 is and have read as well as the nasdaq. thanks to an unexpected drop in the november ism manufacturing number. it sank to 48.1% in november from 48.3 last month. economists have forecasted the index will try to come back at

least closer to the 50 level which would indicate expansion but right now, we've got the fourth month in a row of u.s. manufacturing contracting. tesla still electrified after the repeal of its cyber truck over a week ago. it's up about one and a half% right now. shares are taking the nasdaq today as orders have now surpassed 250 thousand. this for that cyber truck in a recent article, the cyber truck could actually bring in more than four and a half billion in revenue. it's by 2025. morgan stan lee clicking the off button on roku chairs. you could call this crash, down 14% right now in the wake of a downgrade. streaming stock is overvalued in its upside is all priced in. morgan put its ratings predicting slowing and sales growth next year.

investors, not in a shopping mood. buyers ditching them for cyberspace, record seven-point 4 billion online this weekend. victoria's secret line and bath and body works, dropping four and two thirds% right now to $18.26. the energy sector, 18 year low, sliding to the bottom of the s&p 500 after a disappointing update on its well offshore but other energy names are seen gains in hot spots. december 10 and 11th. that's off in the distant future. the last trading month of the decade is already slipping, why not look back at the

best-performing mobile market so far this year? dominating the top four spots of investors, automatically offered returns. taking the very top spot, venezuela's stock exchange index. gains of more than 4002150% this year. the country's economy, the returns are not in dollars but rather useless currency. next, 45%, you stashed your catch, general index increase. then rounding out the top five, the nasdaq in the u.s. about 30%. with just 19 and a half trading

left in december, we are eliminating we can scare. what are they protecting for this final month of the decade? a year ago, before christmas, the markets dove. i was last december, it ended up being the opportunity in a couple of years. might we get that chance again? back then december, you would not have liked that going into christmas eve. was all rich. hopefully we don't have the same scenario. if we have a down day of less than 1%, we will run for the hills. we are just continuing to see rotation, the energy sectors today, that's what's up some of the discretionary themes, some technology names, nothing new for this market we seen in the last two years. the same trends we will fight

about following the sector move. >> what you think? it was very painful at that moment but you stretch out the charts, what a run. i do thought at that moment, christmas eve when the stock market was in tatters, that was the best opportunity? should people fear the? >> i'm not ruining my christmas again. i don't want to go through that again. the phones are ringing off the hook's. we don't want to see the i can. it won't happen again but in retrospect, you are right, when you get those selloffs, especially based on not based on reality and fear, you do get these great opportunities. by when people are fearful, so when people are reading. when we got back, was that selloff justified by any stretch of the imagination? we are worried about the trade work and i ran market, all of

these things. none of the rich proved to be true. if you look at the china trade work, it would kill the u.s. economy, put us into recession, that didn't happen. look at the store sales yesterday. we have a booming economy here in the u.s. forget the manufacturing sector right now. that will bond back. >> i agree but "wall street" does and is climbing this wall of trade worries and global slowdown worries. all we've seen our games from major industries here. we've been hearing people call for that three, four, five years. how much more in this month do you see as i gained? >> i don't know if i see much more gains, today's selloff is a combination, there always seems to be a pullback in this is an important one. some of the is attributed to

that. usually it doesn't catch much more. look at the big names in tech that sold out. most of them have been at all-time highs. i think there's too many other things going on and as i've said for the last i don't know how long, there's still more china deal. we don't know what it will look like. you've got brexit, you've got the fed meetings, i don't know if there's again for the rest of the year but if you buy stocks with good cash flows, i think 2020 is going to be much more volatile. >> up about 14% right now. a little bit of heat in this market. thank you very much. we'll see you next time. we got breaking news. moments ago, i work at iowa republican senator chuck grassley talk before the senate to make this announcement. he said if i deal on the canada

trade agreement is not reached with the house of representatives by the end of this week, he does not see how it can be ratified by the end of the year. down 217-point nasdaq down 89. you can see it stamp 17, that's about 1% lower. after president trump said he will put steel tariffs back on for so in argentina, aluminum as well in retaliation for currency manipulation in those countries. fresh reports in the last couple of hours, the brazilian government is rejecting trump's claim that it's many blaming its currency and trying to get among the phone. he's open air. right now, he's flying to london, he's scheduled to land in the next hour for the 17th anniversary of nato. 29 meters from north america and european governments will congregate of the luxury hotel on the outskirts of the city's

for this nato summit. already on the ground in london for the very latest, you got brazil, all of these issues of tariffs and chuck grassley. >> huge day on the trade fronts. all you have to do with this is look at the calendar and seek time is running out in 2019, the trump white house goal of getting the u.s. mca on the floor for a vote. the president about to land in london here in the next hour and a half. the got to pass a budget in the next 18 days and there's the impeachment inquiry going on, u.s. mca is a legislative priority when you mix that together it goes to show why chuck grassley asked if this doesn't get done this week, it would be 2020 event if it were to get to that. >> on the house floor.

as for the president, he is on his way over here. he made some news by drawing attention to what's going on in europe but brazil and argentina, two of the largest countries in south america. the president contends they are devaluing their currency and because of that, they are re- imposing and aluminum tariffs. >> you look at what happened, they devalued it by 10%. argentina also. i gave them a big tariff. it's very unfair to our manufacturers in our commerce. >> here's how this connects. since the trade war broke out between china and u.s., china ramped up its purchases from brazil and argentina. chinese state tapped out in a phase one trade deal coming

together if the u.s. doesn't rollback tariffs upon london earlier today. the president still insisted he believes china wants that trade deal. >> the chinese are always negotiated, i'm happy where we are. i could be other places and you understand what that means. the chinese want to make a deal. >> leading into this nato commemoration, trump and world leaders together, official noted that china is going to be on the forefront, specifically 5g and technology that china is trying to develop and build out all around the world. >> that's a big one. live in london the president is expected to land in the next hour. an apple a day, closing bell

ringing and 46 minutes, downtown 221 points. after hitting a new high earlier in the session, investors are nibbling a little bit of profit-taking in the tech giant shares. jp morgan prays it price target to $296 a share citing the potential lease of four new 5g capable iphones. they are expected to arrive in september. the stock is down just under 1% $265 a share. apple has 69% this year alone. next, shortage of deals online of cyber monday but tech radar has named what it says is the winning ticket, the best deal out there. we will take you live to the distribution center where they are shipping this winter to show you what it is when the countdown comes right back.

will get black friday, cyber monday underway and you don't have to jockey around shoppers are getting to you arguments over parking spaces. the all-time record with $9.4 billion in online sales before we hit midnight tonight. you could tell on thanksgiving day people were ready to spend this year. thursday was the first ever thanksgiving to surpass $4 billion in online sales and adobe analytics are between then and today, the past previous records. great deals but the best, tech radar has a name offer of the

nintendo switch bundle with controllers and games for $299 at the number one cyber monday deals today. i'm a normal day a 500-dollar value for $299. tracy is in new jersey with the description dissolution center, was the atmosphere like. >> it is very busy here. we are at the e-commerce at the center for best buy, they are busy selling billing cyber monday orders. they brought in extra workers during this holiday season to manual backup boxes. they've been here 24 hours for the last week or so. what are people buying? according to a analytics, home goods, home appliances, gadget, toys, travel and experiences.

many of those categories, that's selling a lot of those items you can see some of them coming down this conveyor belt right now. in addition to efficiency, they are all about sustainability because these machines you're looking at right now, they create custom shipping boxes that precisely trim cardboard perfectly fit any item packaged. best buy says this cuts down on about 40% of wasted cardboard from here, the items, the boxes will go to another conveyor belt. they will be sorted out by the delivery service, athletics, usps, you mentioned expectations of 9.4 trillion dollars in sales this cyber monday. i could be even higher because most of the country, they've been stuck inside all day with this wintry weather. we could see numbers sliding especially when you look at the

golden retail hours from 10:00 p.m. until 2:00 a.m. eastern time. that's 40% of today's sales expected to be brought in. >> you just made an excellent. it's snowing outside here and in much of the eastern seaboard. that would make perfect sense. we will watch until midnight, it's expected to be online $9.4 billion. grab one of those nintendo switches. although i don't want them to have one. it's because names of 2019 showing it stamina. closing bell closing in 38 minute. the tricked out stationary bike maker, not before giving investors scare after spiking news this morning from 32 to $45

osha, $36 right now. they dove below $33 a share before pedaling back up the hill. they made a backup to about $36.28 now. more than 22% from its $29 pricing on september 25. turning to a very different kind of race as for new presidential candidate mike bloomberg getting wet sand like airtime but can the filling or went over not just 1% but also 99%? morris ways and next on foxbusiness exclusive on the countdown. don't go away.

2020 presidential race, the term campaign today may be

unprecedented move to ban an entire network from covering its events. the reelection campaign will grant no credentials effectively banning the entire global network from attending trump rallies in the fence. michael bloomberg founded the network which announced none of it competitors for the course of this primary. if voters are not familiar with the former new york mayor before but if you watch football this weekend, it was really hard to miss all the mike bloomberg ads. he spent more than $13 million on tv ads across 14 super tuesday state, nearly as much as all the other candidates combined. he's arty pulling amy and cory booker, billy and/or tom steyer, chelsea albert and william castro in the polls.

joe biden, bernie sanders and elizabeth warren pete buttigieg are the only candidate averaging double digits. put a judge in the top spot, a live picture i not because he's holding a rally in south carolina at this moment. he's taking questions from the audience speaking with people. his latest move criticizing warren and sanders precollege for all plants, insisting democrats should not be looking to pay the tuition of children of millionaires. let's bring in morris, chairman of the patriotic millionaires, committed to equality for all americans. is it pete go to judge our lives warrant or having the u.s. government pay for everybody to education? >> elementary school education, libraries, all kinds of stuff. i think it would be great if a few millers sent the kids to

colleges and universities that everyone else does. >> i guess it's not so much that, it's whether the u.s. government should fund it for all people. >> they found lots of things for all people. we'll get the same privileges to drive on the highways, we'll go to the same hospitals, we send our kids to schools. i think it is perfectly fine. i think it would be good if a few millionaires who send their kids to private schools now change their minds and suddenly say oh, state schools are free, let's send our kids to state schools. >> they commit to state schools specifically, i would be okay? >> i would be fine with me. we are the greatest wealthy nation on the face of the earth. we can afford it. >> which candidate is most closely aligned with the theories and ideas of your

group? >> i think all of the candidates are a lot more behind than the current incumbent. >> wife? what's it about donald trump feel is not aligned? he helped the economy, he helped african-american unemployment levels, he certainly helped -- >> he made inequality far worse than before. we had a tax cut that helped rich people get richer and richer and frankly, left the majority of americans behind. the majority are not participating in the stock market, not participating in the growing economy and still waiting. >> i would say that of people have 401ks at the top, they are participating because the stock market is up but i understand what you mean. having given corporations and unbelievably generous tax cut to 21% may have been excessive,

particularly because we've seen the expanding that on the deficit and it's a nightmare nobody wants to tackle or embrace. that's become the problem. mike bloomberg, where do you feel he stands in all of this while he's very much a conservative when it comes to finances and money, he started his own business, he's soft made, very impressive. he's very social liberal when it comes to taking money and disturbing it to people who might need it. that must bring about, does it not? >> well yes, if you want to run a platform of reducing inequality, helping the majority of americans who, unlike you and i the people who work here don't have 401ks and don't have stock market portfolios, if you wants to help all of us people, sure. that would be great. >> you retweeted alexandria cortez is, the suggestion that

you made millions of dollars expense on the long shot presidential bids, should be spent on state legislature races instead. is bloomberg's entry a mistake? >> he has billions of dollars, he can spend on whatever he wants. i think it's great to be rich, i think everybody should be rich. i recommend it. [laughter] i think he should be willing to do things that reduce inequality, not increase inequality. i think we should have taxes on both. the majority of americans pay taxes on the 12th in homes and houses, not the majority of millionaires. >> how many people in your patriotic millionaires group? >> several hundred. >> every single one of them has no problem being taxed more? >> ex-wife they signed up for the group. they want to promote more

taxation, they were to promote a society where there's lots of people who have money to pay the bills and help us get rich. that's how you make money, pay the bills every month. itunes or phones or mortgages. we need a middle-class for people to have money, to spend money. >> my dad grew up very, very poor and he used to say i was able to grow my wealth because of much of what this great company offers and i owe that back to the country. >> yes. a lot of people feel that way. a lot of people understand that but not everyone does. >> we'll see you again before this election. >> think it. >> diamonds may be forever but with the closing bell ring and about 27 minutes, what about diamines grown in a lab? click on what you are doing and look at these two gems. can you tell which one is real

and which one is lab grown? the big reveal with the ceo of all the creative diamonds is next. the real difference though, may be the bank you get for your buck. we will show you how to make these diamonds next. ♪

jewelry a hot item on cyber monday but before you spend a lot of money on sparkly gifts, look at this. before our commercial break, we asked you which of these diamonds, we can show the to on your screen, which one is lab grown and which one has been mined from underground? as we push in a little closer, is it the left one lab grown or the right one? very hard to tell. the left one is lab grown. almost everybody here got it wrong. we all thought the left one was the natural diamond. arson that it lab grown diamond across new best friend? our next guest is the land right behind, they make diamonds using a process so quick that even some professional gemologist have trouble telling the difference. the 80 billion-dollar jewelry and diamond industry must be terrified of you.

>> it's the shift that's going to the future of diamonds. every industry needs to change. science is making it possible. this industry, when change comes in, it's hard to embrace but it needs to happen. >> i'm wearing, how many carrots are these? >> two and a half. >> gorgeous. how much are these? >> $3000. >> 4 carats total? >> no, two and a half total. >> so that would be a lot more, i would think if you were buying it -- almost about 5000. tell us how you do the process. i studied this, it begins with the sliver of an actual mind diamond. you call the estate, correct? we can show you the video of the process. explain. >> the first diamonds we grew, a slice of diamond came in from

the earth. as we have been getting better and better at the process, the diamond we grow, they will take a slice of that, it goes into a chamber and carbonate crystallizing, $600 and the seed grows into a diamond. taken out with sophisticated lasers, we credit and you have created a diamond. >> these are exact same chemical and physical properties of a mind diamond, correct? >> chemically, even atomically. >> are they certified? >> absolutely. every altar created diamond is a diamond, which is actually less than 2% of the world diamonds. very unique, every diamond we grow is one of the purest on earth.

>> what do they cost? >> if you were buying an earth mind, you would get about 40 to 50% larger diamond than an earth mind. >> so value you will get -- millennial seem to like this because they are more environmentally friendly. there made above ground, is not the only difference? it also didn't take billions of years to create them, how many weeks? >> eight to 12 weeks. >> eight to 12 weeks to grow the. the resale value? >> we need to understand the value of the diamond. what you pay across the counter is that directional price. the entire pricing model created in the last 100 years exchanging is a vertically aligned house

that grows, cuts and polishes diamonds makes its own jewelry. we are able to offer the consumer a value never been before. >> i find it destructive i find it fascinating and folks, back in 2017, 150 million-dollar industry and now lab grown diamonds will be more than a billion. good luck to you. fascinating stuff. good to see you, happy holidays. general elections, closing bell in about eight minutes. down 221-point s&p is found 22 points. all caps off showing new signs at this hour as the industrial fights to turn things around. exclusive details on ceo larry and the new target going in on.

times to work off that extra pumpkin pie. you know you did it. you need inspiration? down vote this week's everyone talks to liz podcast. it's an amazing story. 87-year-old janessa of new york, she just ran her 17th maratho marathon. check this out, she ran her first marathon at age 69. how she did it, i shall never stop and why it's time she says for you to start working out. alexa, apple and foxnews.com podcast. the countdown is coming right back. don't go away.

general electric working to reverse ten years of pain at this hour with the big investor post today on its healthcare

unit. chairs arriving by about 1% right now. earlier they were up about 1.3%. before selling off at the bottom market. charlie joined us right now. with what we are seeing at the moment, the dow is down 208. talk about what's getting some action here. >> they can pull that up in the middle but it gives you a different story about what is going on, and how he's basically getting more and more "wall street" on his side about his plans to turn around the company. there are still naysayers out there, the gentleman from jp morgan is on stock. he still very negative on the company. eight or $9 price target on it. more and more people leave he's

getting his hands around it. one of the better optics is kind of what i picked up doing some reporting recently. he's focusing on the corporate bureaucracy, the centralization, dozens and dozens of activities in the corporate world. >> senior vice president, vice president. >> activities that used to be held by unit, was done corporately. blue out-of-control, it was done under the theory that these activities servicing certain parts of aircraft instead of being in the aircraft division, it's incorporate. ge would eventually sell some of this as units. it can't. what they are doing is he's trying to put the genie back in the bottle.

the bloat in the bureaucracy that occurred. >> healthcare is subject turn. >> there more than healthcare. there are functions done by the healthcare unit for healthcare, they've got corporate. the corporate bureaucracy blew up. it was not very well run. he's trying to unwind it. what's fascinating is that at the same time, from what i understand, there are former senior executives telling him we are here to help if you want help. they are telling him they are embarrassed by how the company has essentially imploded. a lot of the kids probably don't, we remember because we worked at a ge unit, a unit of nbc. this was the crown jewel of corporate america for many years.

it was known for its management, it's not there now. former executives are going and complaining. the same executives tell me they think they like what he's doing. he's trying to sell everything doesn't nail down and he's trying to get away corporate. the greatest -- the statement we have third quarter earnings, he basically confirms curators, the center of gravity from corporate to the business, that's a big thing. two totally different people. >> right now it's at $11. >> he's regaining some. >> we'll be right back.

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♪ liberty. liberty. liberty. liberty. ♪ ♪. liz: on the first trading day of december, we have selloff. deirdre bolton on the floor of the new york stock exchange. >> i'm looking at the dow down more than 240 points. if you look at the s&p 500, heading for the worst close if you like in a seven week time. a lot of this is coming off the back of concerns that the u.s. china trade. we heard something from a chinese state sponsored newspaper over the weekend, that essentially implied for the u.s. and china to go into phase one, which was supposed to be done before the end of the year, a lot of experts say that will not happen. it in fact would have to lift current tariffs. liz a quick snapshot. back to you. liz: biggest losses since object 8th for the nasdaq and s&p. we're coming back with a etf you need to hear about.

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liz: yeah, the fear is amping up in the final three minutes of trade. closing bell is around the corner. the stocks are at session lows the dow down 258 points. s&p down 26. low ever the session, down 30. warrenwarren buffett's berkshire hathaway pricing higher by a fraction at $331,000. tom lyden says he has the etf that let's you own a piece of berkshire and other value stocks. 331,000 per share, tom, who can afford that? >> absolutely. liz, we've seen a huge amount of money going into etfs so far this year. a record $410 billion but this etf, vtv, vanguard value etf has seen 1.5 billion come in the last month. berkshire hathaway is the biggest weighting in this etf

but the whole idea here is, there is a shift on from growth to value. investors are following that path. with the idea in value is underperform the last five years to a great extent but, when you look at warren buffett's philosophy, it is not how you do on the upside but it is the moves you make on the downside. they have got 128 billion in their coffers right now he is looking to do shopping but he will not buy at these high prices as you know. most of this stocks in that value oriented etf tend to do well on the upside, but when the market corrects they tend not to give as much back. there are only four basis points to buy the etf the expense ratio is very small. many who enjoyed the growth of the s&p 500 are starting to shift overvalue oriented stocks. connell: vtv, victor, tom, victor, that is the ticker. you like rsp.

two etfs from tom lyden. good idea. thanks very much. [closing bell rings] in is the closing bell. we close at the lows at least for the dow down 265 points on the beginning of the last month of the decade that will do it for the "claman countdown." see you tomorrow. melissa: stocks kicking off december in the red. all three major averages ending the day in the red for the second day in a row on trade uncertainty, and growing concerns about, you know, whatever. the dow ending down 259 points near session lows. i'm melissa francis. i'm kidding it is always about trade one way or another. ashley: i'm ashley webster in for connell mcshane. thank god the bell rang. melissa: here is what is new at this hour. president trump s