different types of celebrations. that sydney bridge firework display is remarkable. 11:00 a.m. on the east coast on this tuesday, december 31. happy new year's eve. you have been watching new year's celebrations around the world. these two on the screen, hong kong, midnight there. taiwan also in singapore, the philippines and malaysia, they are now celebrating 2025. the nypd says there are no credible threats ahead of today's new year's celebration.

alexis mcadams in times square. what are they doing? >> undercover units mixed into the crowds. more than a million people right here in times square for this celebration. a few hours left to go. across the country and around the world. listen. >> they are persistent, high risk target. it is why we put so much emphasis on all of the resources that are here focused on keeping this city and this event safe. it is absolutely calibrated to what is happening overseas.

>> this new year's eve, police will be in the crowds including those undercover units. no credible threats, security is a top priority like every single year in the past. bomb sniffing dogs, drone units will be spotted here as well. they will be monitoring the airports bridges and tunnels. the mass transit system which is always packed here in new york city on major holidays like this lines have been forming since the early morning. people do not mind waiting in these lines. it is nice weather out, but it may not be later. waiting for hours to get a glimpse of this ball drop. once you are in the secure area, you cannot leave to go to the bathroom, get something to eat or you will have to wait all over again. >> it is not as if you can draw the line to go back into the pen making the entrance points at times square. that is why they don't recommend you leave. >> because these people wait for hours.

everybody has their own idea of fun. hopefully it is worth it once i get inside. it is supposed to rain later tonight. you cannot bring an umbrella income a large back packs or bags. they will look at all the items as well. >> great stuff. thank you, from a very quiet new york times square. that will change very soon. thank you so much, alexis. let's get back to the markets now, if we can. we follow these all day every day. main margaret are up very slightly. the nasdaq down slightly essentially flat with very low volume of trading today. big tech names, alphabet is higher. only by a hair. microsoft, amazon and apple all down a little bit. down 1%. take a look at the 10 year treasury yield. it is up 1.2 basis points up 4.54.

well-off of the seven-month highs that we saw 4.6% last week now this. beginning january 1, new jersey will no longer require teachers to pass basic reading, writing and math test in order to receive their certification. maybe not passé basic test teaching our children. >> reading, writing and math. you kind of realize what the public education system has become. the focus is not the things that make you smarter or prepare you for career, the focus is too often all of these ideological things, i guess you don't know how to read and write about, you just need to be able to teach the dogma about ddi or crt or whatever is a woke thing of the

day. this is why you need school choice. if you are paired in new jersey and you see this, you know what, i will take my money and my kid and i will send them to a school where the teachers have to know how to do this stuff. then you get an education. by the way, you would not have school systems out be able to do this kind of nonsense. >> is there a shortage? is that one of the reason the standards are being lowered so low is because of a shortage? >> that is what they say. we do not have enough teachers so we will change the rules to hire people that probably do not know how to teach and that will solve that. that is government running your schools. that is what you get this day and age. >> that is awful. colleges could see enrollment numbers fall to record lows apparently over the next decade. what is driving people away from higher education, do you think? >> demographics is one of those things. falling birth rates.

fewer people to go to college. fewer seniors choosing to go to college. the percentage of graduating seniors that go to a four-year college has dropped. so many of our four-year schools are a bad investment. you do not learn the things there that help you get a job that allows you to pay off your debt or pay for school. more people are saying i will try something else. this system is broken. people understand that at colleges and universities, they are not getting the education they should to justify the cost and they are looking elsewhere. schools will have to close and that is probably what has to happen if we have a higher education system that actually delivers results. >> yeah. could not agree more. great stuff. great to have you for the hour. let's check the markets right now. essentially across the flat line right now. the trading volumes are very,

very thin. the dow, s&p and nasdaq to slightly lower. essentially, flat. alyssa joins me to talk about this. as we look ahead to 2025, could the volatility still be there? >> great to be with you. yeah, i do think so. first, let's add a little context here to the current moment. if you go back to december 18, we had a fed induced rationing in the market. the nasdaq down 3.6%. s&p down 3%. the russell over 4%. usually when you get a bad break like that, it takes a market a little while to peel. if you think about august, we saw big crash. you do get the volatility a little while after that. i also think, if you think about the run up to what happened in mid-december, we had six weeks of fantastic gains. stocks like tesla go from 282480

when you have the incredible moves, you do need a little bit of a digestion. the silver lining is for investors. we could be getting new buying opportunities. the volatility short-term could mean that that could take a little while to play out. i am waiting for things to calm down after the first week of january where we could see because of the fantastic gains investors have had, they push off their selling into the new year for tax reasons. >> as you look into your crystal ball, alyssa, what do you think the top-performing stocks could be of 2025. >> so, i think artificial intelligence, that has to be front and center for investors. if we look at the top three performing stocks of 2024, that could provide some clues. a little bit of aia adjacent. nvidia ai chips.

i do think as those opportunities continue to proliferate, of course with the backing of an administration that will focus more on innovation, deregulation and tax cuts, i do think ai, anything in that scene. you want to focus on the leaders within ai. >> a lot of commentators will say, you know, the gains are too narrow. to be more healthy, we need to see a broadening of the market. if that is the case, where else could we see growth other than the big ai tech names? >> that is a good point. if it is easy market it's hard to mess up with their stock picks. it does require little bit more skill and luck in stockpicking. what helps with that is if you focus on companies outperforming the market. that increases your audience success in my view and my

experience. buying something already headed in the right direction and outperforming, you usually see a continuation of that strength. look at the winners of 2024. also, the strong fundamentals. even better to see acceleration in the top and bottom lines. if you're looking for stocks outside of aia, i would start with looking at what are the stocks that have the standout, technicals and the mentals as well. that could be in any sector. sometimes, you will find those hidden gems. >> grated bison great to have you with us. happy new year to you and thank you for being with us. >> happy new year. good stuff. >> thank you. >> a look back at some of the best moments of barney and company. >> eating a chocolate valentine. i put the chocolate in my mouth and the floor man just said 10 seconds. [laughter] >> we have plenty more of that

coming up. do not miss it. anyway. believe me, you do not want to miss it. chinese hackers targeting the treasury department. we will bring you the full report of what they may have gotten access to. a retired u.s. general's warning that elon musk poses a national security risk. lieutenant colonel weighing in on musk's level of influence next.

chinese hackers targeting the treasury department, hacking into workstations we are told and unclassified documents. grady is live at the white house

what is the administration saying? >> they are calling it a major incident. a hacking group associated or affiliated with the chinese communist party got into the treasury department systems and got a hold of unclassified documents and got into those workstations that treasury department employees use. the treasury department was notified about the hack on december 8 and then sent a letter to the senate banking community alerting them to the hack yesterday. the letter says they remotely access the info one of the departments third-party cybersecurity companies called beyond trust. the compromise service has been taken off-line and there's been no evidence that the hacker still has evidence to the system more information. experts say this could be a growing problem. agencies are especially vulnerable to this kind of cyber attack especially at the treasury department.

>> they are the ones owning the sanctions that are being done on chinese and other governments. it makes them a target more so than a corporation when it comes to state sponsored acting. >> so we are told that the hackers got access to unclassified documents. it is unclear exactly what was in those documents that they got their hands on. for its part the chinese embassy is denying any involvement in this hack. no surprise there, ash. >> you just took the words right out of my mouth. no big surprise. thank you so much. now, this. russian foreign minister has rejected they reported these deal involving ukraine and nato. that deal being made by trump advisors we are told. retired lieutenant colonel joins me now. colonel, i do not know the

details. not many people do. it is not an encouraging sign, is it? >> when the russians say no to something, the next deal you offer them has to be a lot worse you have to deal with the russians from a position of strength. they are huge crack in russian power. they will never conquer ukraine. they know they will never conquer ukraine. this tells act from a drunken soft puppet anyways just a joke. [laughter] >> we do know that russia and ukraine, by the way, swapped the hundred prisoners. russia continues to try to sabotage ukraine's critical power line. they are continuing to grind this thing out. to your point, are we had a stalemate or as of russia starting to make gains? >> both sides are at strategic

exhaustion. neither one will collapse but neither one has the resources to drive a divisive outcome in this conflict. that is a reality for both sides there needs to be a cease-fire here because this is a no-win situation and innocent people are dying. you both need to stop because both of your countries could collapse. russia could collapse from within. ukraine is just going to get blood. we will keep supporting. ukraine will never die but it will end up on life support forever. there are no winners in this conflict and it needs to stop. >> do you think russia ends up with more territory of ukraine? >> the number one rule for eight deal is never give russians anything at the negotiating table that they did not win on the battlefield. if you give them one concession, 1 inch of ground, one good thing out of this that they did not fight and earn, you made a bad deal. one thing we know about trump.

trump likes to make deals. he does not like to make bad deals. >> gnocchi does not. retired lieutenant general warning that elon musk influencing government poses national security risks. retired general says that musk's business dealings with china actually pose a threat. what do you say to that? >> an old friend and a great guy just because you are retired navy general does not mean you have good advice. lots of people are doing deals with china. are you corrupt. that is the question. joe biden was doing deals with china. he was corrupt. all of the dealings have been enormously transparent which i think it's very healthy. when they agree and disagree on things they said in public so we know what they're talking about. the other thing is, in the end, the american people got donald trump elected president. he borrowed millions of voters to win that.

he will keep them. i do not think the musk trump relationship or the role the government will be a problem at all ever. >> we will leave it right there. lieutenant colonel. great stuff as always. thank you for joining us and happy new year to you. >> thank you for having me. >> thank you. come back in here, brian. what do you make of musk's influence? >> i like his influence. he is talking about doing things that need done in the government this general, i appreciate his service. i went on x where he posts a lot he posts a lot on elon musk's platform. i noticed he seems to have a very anti-trump in a very anti- musk guy so it does not surprise me that maybe he wants to put a wedge in between the two. watch what musk does. if you want to know what he is about, watch what he does and

that is what america will do. >> they are indeed. thank you. let's get a quick look at these markets. the winners on the dow. essentially a flat session today the markets are closed tomorrow. nike up one and a half percent. chevron is higher. also, verizon, boeing and merck. there you have it. let's take a look at ford, if we can. a recall of 20,000 hybrid suvs that include certain board escapes in the lincoln model between 2020 and 2024. ford says that there is an issue with the battery which could result in a fire. not good. the stock marginally higher. up $0.02. former president jimmy carter was a devout baptist in a dedicated sunday school teacher. resident theologian jonathan morris will be here to reflect on carter's legacy of faith and

service. first, a record $1 trillion pouring into ets this year. are they the way to go in 2025? we will discuss it next. ♪

spacex has launched its final mission of the year a falcon nine rocket with 21 star link satellites including 13 direct to sell capability have been launched into orbit. spacex 134 falcon flight in 2024 surpassing the company's prior year total by early eight missions. they are definitely on a great schedule. brian brumberg still here. spacex evaluation reach 350 billion. what do you think of that? what do you think of spacex taking a prominent leadership role in our activities? it is been a remarkable producer >> they have grown very fast. i'm for it. somebody has to do it. i think it is really good.

these star link satellites provided a lot of internet service to people in rural areas they create choice, competition. i am all for that. i'd like amazon will jump in the mix probably next on that. the private market at work creating competition. spacex is earning a big valuation. i think they are well on their way to earning it. >> certainly been efficient, that is for sure. thank you, brian. let's get back to these markets. essentially flat right now. we have seen the end of the year you can see the major markets just down ever so slightly. the nasdaq down nearly half of a percent. take a look at ali baba. just cut their price of their large language ai model. they are looking for a larger slice, apparently, of the ai market in china. led take a look at a nuclear

energy company that has benefited from ai's need for more power. it is down today by nearly 11% after a law firm announced they are investigating the company at the request of shareholders for potential securities fraud. the stock is down 11%. now this, investors are ported record chattering $1 trillion into etf this year. according to etf g.i. data, acids and us-based etf raised a record 10.6 trillion at the end of november. kyle joined us now. look, etf's are way of investing in a basket of particular stocks in a sector. what are the pros and cons of etf's? >> i think etf's are a superior

way to invest into equities. it all started with sp y 30-40 years ago. now you have so many different iterations. you mentioned sectors. probably one of the best ways to really pick a sector. if you look at the last 12 months are really the last 24 months, the best place to be would've been nl -- best of technology index and consumer discretionary. they have done well. excel why is amazon and tesla so you would have had exposure to those. but at the same time, i mean, you can also create unique things like an sp etf that promotes dividends. it is almost like buying an individual stock. you can get in and out as you like. >> yeah. a lot of benefits, for sure. kyle, look, we note the rally

has fizzled out a little bit in the end of the year. we just need some strong gains. what do you tell your clients that may be worried about this recent dip? >> i think the recent dip is very healthy. look at most people's portfolios nasdaq up 26%, s&p up 24%. i think you are seeing some profit taking. looking at your portfolio like we all do, you probably do not want to sell one that has embedded gains and you look at the portfolio that may have embedded losers. you may be willing to sell them. wait the 30 days and buy it back under the rule. i think that is what you are seeing a lot. people got big profits to pay a little bit of money on the table to be prudent with their taxes. i would not be surprised if we had a strong january effect. this money comes back and it gets redeployed. i think that will probably be the best sector especially

american stories in the small-cap sector. >> very good. covered a lot of ground. thank you so much for joining us today and happy new year to you. >> happy new year. >> all right. now this. an upcoming treasury department deadline which would have affected millions of small businesses has been delayed by a court order. it would have for small businesses to report beneficial ownership information. in other words, they would've had to disclose who directly or indirectly owns control of the small business. companies would have been fined about $600 a day for not complying. come back into this, brian. it sounds like another hurdle thrown in the way of small businesses. i am glad it is being delayed. i'm hoping it will just be done away with. >> hoping the trump administration just kills a. tracking if there was criminal activity involved.

i don't want to step to disclose anything more to the government that we absolutely need to. these companies pay taxes. they have the information that they need. just a way to target small businesses. i say let it go and be done with it. hopefully that happens in 2025. >> let it go. let it go. >> it is on you for taking it that direction. >> sorry. that is how my brain works. it is not great. thank you. coming up. you don't want to miss this. some of the top moments on barney and company this year. >> they love the accent. especially when they are not from new york. they think it's the best thing in the world. >> is it expensive to get out there and date? >> it is extremely expensive to get out there and date. >> he sounded like the godfather a little bit. we have the full highlight reel coming up. great stuff, do not miss it. there to ring in the new year, our resident viola didn't is

here to share his new year's message with us. jonathan is next. ♪ is

we now have the official schedule for the state funeral of former president jimmy carter steve harrigan is at the carter center in atlanta this morning. take us through it, steve. >> ashley, it all begins thursday with the motorcade first from carter's home and then it will move through his boyhood farm where he grew up. his father's farm there. through there, the body, the remains of president carter will be taken to georgia state

capitol. from there will come here to the carter center. it will lie in repose for three days giving people a chance to pay their respects to the 39th president. something across georgia many people of already begun to do. >> there was a quote about if i ever lied do not vote for me. i feel like he really lived that throughout his presidency and when he was no longer in politics. i think he really tried to hold themselves to a high moral standard. >> from the carter center, the remains will be flown to washington there. they will be taken by horse and carriage to the rotunda. they will lie in state there giving dignitaries as well as ordinary people a chance to pay their respects to carter. once again, an honor given to 12 other presidents going all the way back to abraham lincoln. after that, the state funeral january 9, president biden will give the eulogy at that funeral and then from there after that

services over, he will be flown home by military jet back to georgia for a private family burial. ashley, back to you. >> steve harrigan in atlanta. thank you very much for that. resident theologian jonathan morris joins me now. a devout baptist. we know that. dedicated sunday school teacher. what do you make of his legacy of faith and service? >> he was asked an interesting question not too long ago. if you were to be able to say this is what i actually lived for and what i am most proud of, what would that be? he said, as the president of the united states, i was able to keep our country at peace for four years. i thought that was very interesting. secondly, i fall for human rights. he said bringing together egypt and israel and setting forth a path for peace and dialogue. but then he wrote in his own book, he said, not too long ago,

he said what matters most to me on a personal level was my faith he said my own marriage, it was fate that brought us through difficult times and difficult times leading the country. imagine what it would be like in your own family and your own marriage is the president of the united states of america with all the responsibilities and obligations that you have. a gentleman through and through. you could certainly have differences of opinion on his policies, and i think a lot of republicans definitely would have had inferences of opinion, but nobody would say this was a bad guy. just the opposite. they would say this is a genuine authentic human being. i think president elect trump refer to that as well in a statement this morning. >> he certainly walked the walk, as they say. his life was remarkable. i want to move on, if we can, jonathan, on this new year's eve

what is your message for the new year? >> died the blessing of being with a lot of people as they prepare for death themselves and had time to look back. this was as a catholic priest for many years. an opportunity to look back on their life. nobody ever told me they wish they would've worked a little bit harder. nobody ever told me they wish they would've made new year's resolutions about, you know, fitness and et cetera. all good things, of course. they would talk about their family, their relationships, love, forgiveness and et cetera. looking at the new year, yes, maybe we can make resolutions that can help us. even from a financial perspective. one for my family. this is for myself and my future how about looking at what matters most in my life. and i believe we will go right back to relationships. how do i love my wife, how do i

love my husband, how do i love my kids. what in my living for that will last beyond just the moment. so, if there's any message, it would be think about the things that matter to you most. i spend most my time now is an executive coach working with business executives. in the end, i think leadership has to do with being respect did as a person. as a human being. then people will follow you, including a business. people will follow you if you are a person that they value and trust. this is a great time at the beginning of the new year to say this is where i will be. this is who i am going to be. >> terrific stuff. amen to that, jonathan. we could all benefit from that. thank you as always for being here and sharing your thoughts on new year's eve which is always a time for reflection, of course. a programming note, do not forget to check out martin

scorsese presents the saints on fox nation. we met you believe you are sent by god? >> yes. >> repent, come and be baptized in the river of jordan. ♪ >> i speak in the name of the one true god. >> by the way, you can watch all episodes now on fox nation. martin scorsese the saints. let's get it quick check at the dow 30 stocks. the trading volume very thin today. the markets closed tomorrow. still more green on the dow they had read. however, the dow was off about 14 points, essentially, flat. but there you have it. nike and chevron at the top.

all very quiet but certainly none of the sellout that we saw in the last couple of sessions. by the way, do not go anywhere. we are going to take a look back at barney and companies best moments from 2024. ♪

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♪ a little bit to fire things up on this new year's eve. that means it is the perfect time to take another look back at some of our favorite moments from this year right here on barney and company. watch. >> barney and company is about to begin. >> 4.8 earthquake just rattled through greater new york and new jersey area. lauren and i were sitting here with the four-star general. the side of the studio started to rattle. it wakes you up.

>> it is like having a tiger as a pet. i did not take your advice. >> they cross the milestone. now at 102 starting a new era. the cost of blowing money is going down. up again. it will replace intel in the dow industrials. everyone remembers where they were and what they were doing when they heard the news of the assassination attempt. trump raised his fist in route to fight. that change the election. less than 24 hours ago that president biden walked away from his campaign for a second term. the political campaign being turned upside down. it is kickoff day at the democratic convention. look who is joining me here.

it was here with me now. with me now. donald trump is the president elect. he won the electoral college in the popular vote. there is a huge rally and progress right now. tesla big game right there. they like the association with the president elect. good morning, tesla. [laughter] good morning, taylor. thank you very much indeed. [laughter] >> i know. >> this lady's name is taylor riggs, by the way. [laughter] we will be back. ♪ >> 2020. just eating a chocolate valentine. i am sorry. i put the chocolate in my mouth and the floor manager said 10

seconds. where is it, it is a flip phone. good lord. >> it works. especially when they are not from new york, they think that it is the best thing in the world. >> let me try something. is it expensive to get out there and date? >> it is extremely expensive to get out there and date. >> tell me the first -- what is he wearing. >> he is a clown. >> with a purple nose. >> stewart barney the nose all coming together. >> getting the judge back to me. jeff, why has it been so hard to find workers? >> i will tell you this. i do not know how smart that was my wife says this to me.

i am a fantastic whistler. >> do it. >> that is very good. >> 25 years. love the show so had to give. at the heart of new york city. >> i want to introduce you to a new friend of mine. his name is roy. ask them if you know stewart barney. >> i do not have any details on someone named stewart barney related to foxbusiness. [laughter] >> come back in here. it is amazing how quickly the year flies by. you have to have a favorite barney moment for this past year >> i just love when stewart kind of is balloon deflated. that was great. i got to sit and stewards chair one day.

i think that it was probably the best show of the year, frankly. that was a hoot. stewart's show was one of the first that i ever did. it is a big deal when you get to try something like that. >> oh, yes. and it is not easy. he makes it look easy. thank you very much. now get your brainy thinking cap on. we have tuesday's trivia question. the last one of the year. here it is. which country celebrates the new year first? never heard of it. french polynesia. russia or new zealand. think about it. we will have the answer when we come back. ♪ when the power goes out, you have no lights,

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would do that. number one, there it is. just tried to use deduction. they are 17 hours ahead of us. you can pull that out of your pocket. a real brainy guy. brian: a grab bag of tricks. ashley: there you go. i've got a million. we are going to make sure to watch you and the rest of the gang on "the big money show" at 1:00 pm eastern right here on fox business. the markets moving slightly lower but not the big selloff we've seen. fox business live, edward lawrence, yours.