ashley: good morning. i am ashley webster in for stuart varney. it is 10:00 eastern, straight to your money. there is green across the screen, the dow is up 0.2%, the s&p up half of 1%, nasdaq up 1%, the major markets finished session, the 10 year treasury yield was 4.6%. it is up 1.2 basis points, 4. 57% on the tenure. we've seen oil move slightly higher, inventory is lower, demanding china going up, the price of crude going up, now it

is $73.60 a barrel, bitcoin up ever so slightly, 96,936, almost 97,000. we just got the latest read on manufacturing. the number please? lauren: 49.3 for december, stronger than expected, you're in contraction mode for 9 straight months. if you look at the prices paid component, that did rise to a level of 52.5, markets, no reaction. ashley: much the same, thank you very much. now this. new details emerging out of new orleans, the fbi confirming the terror attack was 100% inspired by isis. federal law enforcement searched shamsud-din jabbar's home in houston and bomb making materials were found inside. the fbi released new

surveillance pictures showing shamsud-din jabbar walking through the french quarter and placing two coolers with explosive devices inside. he planned to detonate them during the massacre. the suspect's brother telling fox he believes extremism was the driving force behind the attack. the fbi and dhs are now issuing a joint intelligence bulletin warning law enforcement agencies about potential copycat attacks, no specific warning but just to be on the lookout for copycats and president biden and first lady joe biden will be traveling to new orleans monday to mourn with the families and community. we bring you the latest updates as we get them. now this. hundreds of anti-israel protesters took over times square just hours after that deadly terror attack in new orleans, demonstrators calling for an intifada revolution,

this comes as one pro-palestine group in new orleans is planning a procession for palestine on monday. brian brenberg joins me, great to have you here. this is at the very very least insensitive, is it not? brian: it goes beyond insensitive. within hours of a murderous terrorist attack these people go to times square to protest, they celebrate evil. that's what they do. they love disorder and chaos, that is who they are. the good thing about all this is in november, america said we are not going to stand for it. we are done with this, done with these people, they don't have the following you think they do, they have no moral standing whatsoever and donald trump is going to put together a national defense team and

security team to make sure the stuff they love that they celebrate, get on the streets and hoot and a holler about, that stuff is done and we start to draw a line between real justice and injustice, not the kind of stuff they are talking about all the time. ashley: all right. let's move on to politics, 12:00 pm eastern, house lawmakers are going to vote on a speaker for the new congress and decide whether or not mike johnson gets to keep the gavel. here's what the speaker said ahead of the vote. >> i think it is going to be okay. we will have one no vote. i think we get it done on the first round. i'm hopeful for that. we've got to stick together. we will be operating with the smallest margin in us history for the first hundred days of congress and perhaps longer into the year so it necessitates every single republican as diverse as the caucus is can put aside their personal preferences and work together for the team.

ashley: can republicans stick to get a? does he have the votes? brian: that is why they did the vote, find out if he has them. the best guy should lead in the house. i don't know who else they are talking about to do that. trump, the most popular guy in the republican party has said i want johnson. who else are you going to pick at this point? may be a name comes forward and if that person is better fine but these guys have an agenda to get done. americans didn't vote for a soap opera in the house, they voted for policy to get done and these guys better deliver. of trump wants johnson & johnson can't get the job done do you think trump is going to wait around for him to fail? he is not the guy who sticks with people who can't do the job so let's see what happens but nothing beats results. that is what people expect.

ashley: they have a strong mandate from the voters, great stuff as always. we will be watching you on "the big money show" right here on the fox business, the smiling guys themselves, back to the markets, 36 minutes into the second trading day of the new year, we are up across the board, nasdaq up 1.4%. let's bring in eddie ghabour, can we go, what do they call it, the rrr the hat trick? can we re-created in this year? >> i think it will be a tale of two stores, we come into january very bullish but concentrated in mega tech names and out of the areas that are bearish like the

staples in real estate but i think the set up unfortunately is for mega tech a decent size corrections sometime starting in the first half of this year because of the fact that inflation is going to reaccelerate and take the 10 year note to 5% or higher. i think we will get off to a good start but we need to be ready for a correction. we will be de-risking and selling everything we've been buying for the last several months sometime in the first half of this year and looking to buy it back towards the end of the year, 2025 you have to be very nimble because there's a lot of head winds this new administration has to deal with. ashley: the mega tech stocks take a step backwards. any other sectors of the market that could fill the gap potentially? >> if you look at things like

housing, healthcare, staples, things that are interest rate sensitive that have been challenged, we are so concentrated on these tech names that if we have a correction sometimes this year it will bring everything down where you want to rotate, defensive names if that scenario plays out. right now we are not rating for what's going on down the road but we are making a clear we are making some changes because i think the fed made a mistake by cutting rates as much as they did. the dollar and the bond market has been clear where some of the signals are getting us. ashley: where does the inflation come from? partly from donald trump's policies, tariffs potentially? >> i don't think it will come from the tariffs which i think it's coming from acceleration of growth, the fed is putting stimulus and the economy that's not in a recession and you look at commodity prices as well,

look at oil, oil is continuing to trend up, food costs are going up. this whole narrative that inflation is coming down or dropping like a rock is not accurate in my opinion. ashley: great stuff as always, thank you for joining us on this friday. come in, lauren, you are looking at some of the movers beginning with constellation energy. ashley: the nuclear power plant, yesterday it was higher by 8%, two days in strong gains after $1 billion in government contracts to supply power for more than a dozen federal agencies. pulte home is up, wedbush upgraded the homebuilder gives them an outperform rating and the stock going up 25% in the new year. rivian delivered 51,000 for the year but big news is the supply-chain is functioning normally again.

no more part shortages. investors responding to that with a 17% gain. ashley: that is impressive indeed. still ahead, the attorney general demanding answers from the fbi on a terror attack. >> the information we received is coming through the fbi. i've not received a lot of information from them. i want to make sure they are taking this seriously and put all their best resources towards this investigation. ashley: the attorney general will be here to give us the latest on the investigation. the fbi says the suspect posted videos on facebook pledging his allegiance to isis but we didn't have any prior intelligence on him, how could this major security failure happen? that is next.

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ashley: taking a look at these markets, about 45 minutes into today's session, up across the board, nasdaq was the strongest performer up 1%. individually let's look at the defense contractor raytheon which secured a $900 million contract to provide additional patriot air and missile defense systems to romania. it is up one third of one%. meantime this. new images showing the new

orleans terror suspect, shamsud-din jabbar, walking on bourbon street prior to the attack. garrett tenney is in new orleans. take us through these new chilling images. >> reporter: investigators are learning what the suspect was doing in the hours leading up to this attack with new images released by the fbi showing shamsud-din jabbar going to the french quarter and leaving two coolers filled with ieds the apparent the plan to detonate as part of his attack. around the same time the fbi says he posted five videos to his facebook page where he said he joined isis before last summer and revealed that he initially planned to attack his family and friends but alternately decided on bourbon street because it would create better headlines for the, quote, war between the believers and the disbelievers. we also have this new video showing the moment he hit bourbon street in that rented white pickup truck, you see folks frantically running to

get out of the way, several just barely escaping as he flies down the packed street. back here at the scene, you can see bourbon street is back open, there's a growing memorial to honor the 14 people whose lives were taken in the 37 who were injured, you can see these new barriers that are in place on the sidewalk, barriers that could have prevented him from accessing bourbon street if they had been in place on tuesday. we learned the city has had those barriers for seven years, they were not out on tuesday and when the city police chief was asked about that yesterday she said she didn't even know that they existed. ashley: wow. garrett tenney, thanks very much. former joint terrorism task force members steve rogers joins me now, great to have you again here, steve. we've seen a resurgence of the radical islamic extremism in the middle east. is that contributing to more homegrown terror in the us?

>> yes. i believe we will see more of that and this is why the fbi need to step up, get the human resources back out on the streets and the neighborhoods, do a lot more electronic surveillance and because of the introduction of dei that has been secondary to their mission to protect us. you will see a lot of radicalization and a lot of communication between people in this country who don't like our country and organizations like isis. ashley: the suspect posted videos on facebook before the attack and it looks like he was radicalized online. why do we have 0 intel on him do you think? >> that's a great question. i believe we had 0 intel on him because we said to the american people you see something say something, i'm sure a lot of people saw that but no one said

anything to anybody. where are our law enforcement agencies and dare i add where does the response ability of these social media platform owners come in on this? they are monitoring the stuff all the time, you see something like that, that is a real red flag that something terrible is going to happen, no one said anything. ashley: do we know anything about the new orleans attacker, a trip to egypt to that i have been reading about, do we know anything more about that? >> nothing more about that but it is a great question. we don't know much more about anything in my view. the fbi first comes out and says it's not terrorist related, than they say it is terrorist related, now they are telling us there is no connection between las vegas and new orleans attacks. i believe there is. i believe there is. the dots need to be connected. what bothers me and a lot of my colleagues is how does the fbi make these conclusions 48 hours

into the investigation? i've been involved in investigations my whole career it takes weeks, sometimes a few months but there's a rush to the microphone maybe to appease the american people. they need to get on the ball and start working on this and don't come to the microphone until you have definitive information to give to the american people. ashley: the driver of the tesla cybertruck that exploded in las vegas has been identified as an active-duty us army soldier. the motive is still unclear but could this be a situation where his personal life is unraveling and he just snaps? >> it could be but i've got to tell you there is too much of their with regard to planning, the execution of this, elon musk and donald trump, too much going on just to say the guy cracked up and decided to detonate a bomb. a lot of questions need to be

answered but i'm still going with the theories that somehow someway these guys are connected but unless the fbi goes down the road to discover that we may never find out. ashley: okay. steve rogers, terrific stuff. thank you for joining us. thank you. coming up. a leader on and off the field, camper jordan making a major gesture to a community in morning. we will tell you about that. president biden blocking nippon steel's purchase of u.s. steel but not all workers in favor of it. >> we look at it more as saving everything we have looked for for the last 27 years. they want to work for representing the folks on the floor that i care about.

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ashley: almost an hour into this session. the dow up one hundred 30 points, nasdaq up one hundred 42 and the s&p up half of one%. can we hang onto these gains? we will have to see. you are looking at the movers. nvidia. ashley: up 3. 5% for the next catalyst, monday. jensen wang speaks giving the keynote and is expected not only to give an update on the state of artificial intelligence but what about any new chips coming from nvidia. tesla is a big deal, but first gain for tesla in six trading sessions. tesla is down 18% and yesterday they did a report the annual deliveries, and in the us a

preference for hybrids. the mobile payment company, shares up after raymond james upgrades the stock to an outperform, the analyst there says the value of all trend actions could accelerate to double digits this year. ashley: president biden block to the takeover of us steel, grady trimble at the white house this morning. what is biden saying about this? >> president biden is blocking the deal because he says steel production that powers us infrastructure, the auto industry and defense should be controlled by a us company. 's statement in which he says we need major us companies representing the major share of us steelmaking capacity to keep leading the fight on behalf of america's national interests.

this acquisition would place one of america's largest steel producers under foreign control and create risk for the national security and critical supply chains. even though japan is an ally and nippon steel allow the government to veto reductions to the company's steel production biden has chosen to reject the $15 billion takeover. shareholders of us steel approved the deal because leadership in the steelworkers union and several pennsylvania lawmakers strongly opposed it. donald trump also said he opposes the deal but former secretary mike pompeo urged trump to reconsidethat position. >> it is good for the community. i hope they see this is good. we want to build things in america. donald trump said repeatedly, nippon steel agreed to invest billions in pennsylvania to do that. it makes sense for american national security.

>> reporter: no reaction today from the president-elect but the union is commending president biden's rejection of this deal. we know several workers wanted to go through because they believe it would have protected their jobs. ashley: very good, grady trimble, thanks very much. more than 200 economistold the financial times that donald trump's policies will damage growth and that trump's second term will spur inflation and lead to more caution from the federal reserve on rate cuts. brian westbury joined me now. they are not a fan of donald trump. i'm sure they uld find economists that reflected that but what do you think of donald trump's policies and will it lead to growth like it did in his first term? >> the federal reserve has i

think 400 economists on staff and they said inflation was transitory. when you get a big group of economists together telling you this take it with a grain of salt. i'm not one of those 200. my worry about what trump wants to do, we need to cut spending and regulation and over the long-term, that will be really positive for growth. one of the things that has been boosting economic activity is deficit spending. so if we go from two years to $2 trillion deficits and musk and vivek ramaswamy and the trump team cut $1 trillion of that spending, only $1 trillion

deficit and that is less stimulus so we might pay a price in the short-term to get long-term gains. we've become addicted to government spending. it is kind of like addicted to sugar or caffeine or there is a withdraw pain that comes but the benefits down the road are fantastic. they will be great for the economy in the long run even if there is growth in the short-term. ashley: i want to get to this one. democrat strategist james carville never short of a phrase or two, it's the economy stupid in 1992, he is now admitting democrats lost the 2024 election because of the economy. would you agree with that? >> no. it didn't help, that's for sure but they are a ton of things people voted on.

immigration, the woke dei policies, men in women's sports. to hand something to carville, the economy didn't help biden. not at all. $2 trillion deficits, they were pushing money into the economy, the most irresponsible budget deficits in the history of the united states, one of the key reasons is inflation. inflation is political kryptonite. if we go back to the late 70s and early 80s. everyone was a one term president, one term governor because inflation kills people and living standards. ashley: we have to leave it there. lovely to talk to you today.

president biden expected to permanently ban more offshore drilling. how is he going to do that? lauren: bloomberg reporting he will ban offshore oil drilling, the band will be permanent, in coastal waters on the continental shelf. how? executive order and reportedly that would make it hard to revoke which would make it difficult for the incoming trump administration to unleash that american energy independence. it would cost us jobs and critics say this is another example of how president biden is out of touch with americans who want to bring down the cost of goods and oil is used. ashley: what is donald trump saying about britain's windfall tax on oil producers. ashley: to get wood of the windfall tax and windfalls.

he calls, the big mistake. they abandoned ship. they will abandon the operations in the next four years because it doesn't make sense to stay there. ashley: thank you very much. and nbc analyst admits biden made the wrong call on immigration. >> the border was not biden's finest moment, he talks about how border pricing is were quite low, and 74,000 a month when he left office. ashley: now they recognize we talk to chris oliverez on the dangers of a open border. how was the terror suspect able to get around security?

>> there were parades almost every day. they have secured better, and that hit multiple people. ashley: we will talk to the attorney general about all this. your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works.

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ashley: we are still holding onto thoseains and adding to them, half of 1%, s&p and the nasdaq from half to 3 quarters of one%, four stocks, unitedhealth, nvidia, microsoft and amazon. they are all moving higher.

those four stocks alone are adding 140 points to the dow. they are close to the weight this morning. now this. president biden meeting with homeland security team in the situation room, reportedly discussed the deadly in new orleans terror attack as well as the car explosion in las vegas. louisiana's attorney general, great to have you here. let me begin here. do you get the sense there is a rising terror threat in america? >> i think there has always been a rising terror threat in america. these incidents like what happened in new orleans, we've had warnings about this kind of thing for some time. this is not new. it is a shock to our system when it happens. it happens around the world more frequently than it happens

here. we've had a rising threat for some time. ashley: i know it is 20/20 hindsight which happens in these horrible events could more have been in place on bourbon street to prevent an attack of this type? someone using a truck as a weapon? >> i don't think anybody could say more couldn't have been done. there are 14 people who died, a dozen people in critical condition in the hospital. it was a horrific event. in the aftermath and in reave been done. ashley: you were concerned about the lack of communication between authorities, local agencies and your office. is that improved?

>> it has. the nature of the beast, the federal government is in charge of this investigation. it is frustrating for state officials when the federal government comes down and now we are dependent on them for information they wish to share with us. but it has improved and i'm confident it will continue to improve, the press conference yesterday was confirmed before that that there were significant assets coming and from the federal government, doing everything they can to run down every piece of education and the turkey event. ashley: the fbi says shamsud-din jabbar acted alone. what measures have been taken to secure the city? you have the super bowl, mardi

gras, what assurances can you give visitors? >> it will remain that way. everyone involved in planning for the super bowl and mardi gras, mardi gras is an event that kicks off the first week of january and goes on two months. there are thousands of people in new orleans all through that period. we are doubling down on our efforts to make sure everything is safe and we have adequate resources to protect the public. ashley: i have to leave it there. thank you for talking us through today and bringing us up to speed and best for the future. by the way, one new orleans state star donated tens of thousands of dollars to love victims through exactly how much?

ashley: he donated $25,000. here is why. >> in a position to where i can go ahead and give back. when i think about the tragedy that happened on new year's eve, new year's day on bourbon street, people are trying to celebrate, i am part of the city, i love this place from high to low. when it comes to something like this i want to make sure it was done the right way and these victims will be held to account. lauren: hundred are left grieving since that attack. ashley: how did fans of the sugar bowl honor the victims? lauren: it was a show of report

for the city and observed a long moment of silence and opposing teams came together and this is how they rooted for the same team. >> yesterday morning. ashley: a great chant usa and sports again can act as a great unifier. ashley: thank you very much. fbi director christopher wray warned about loan actors back in march. >> we are concerned about the risk of inspired attacks inspired by those same calls for violence in the middle east.

ashley: shouldn't we have been on heightened alert? that is one question being asked to now. brian kilmeade will be here on that next. we are the kids you champion every day. we are the ones who dream big. and because of you, our dreams become a reality. these are more than just words. this is what we're all about. this is shriners children's™. because for more than 100 years now, shriners children's™ has been on a mission to provide the most amazing care anywhere. and guess what? it's working with more than 100 access points to care shriners children's™ able to reach more kids in even more places all around the world. when we need them the most their amazing doctors and nurses are treating kids in the u.s., canada, mexico, and latin america.

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ashley: let's look at these markets, the dow up 238 points, the s&p is up 1%. we did get interesting data from manufacturing hitting a 9-month high stillman contraction but surprisingly coming in stronger in dsm bear than expected. the 10 year pushed the treasury yields a little higher, the treasury yield on the 10 year up to 4.58, it is heading towards 4. 6% and all of that the 2 year treasury yield is also higher. higher treasury yields tends to be a head wind for equities. can we hang onto those impressive gains we are seeing so far? we will have to find out, stick with us. it is now 10:50 one on the east coast and guess what, that

means brian kilmeade joins us. greetings to you and your listeners. i want to get to this. months ago, fbi director christopher wray voiced his concern about isis ties to human smuggling networks at the southern border. listen to this. >> blinking red lights analogy about 9/11, all the lights were blinking red, obviously all of us missed it. would you say there's multiple blinking red lights? >> i see blinking lights everywhere we turn. we are concerned about the risk of inspired attacks inspired by the same calls for violence from the middle east. ashley: that was back in march. there had been warning signs. should we have been on more heightened alert? >> it doesn't matter.

new orleans is not investing in infrastructure. this historic city will be one of those targets, look at new york and chicago they responded. the security firms came through, people like ray kelly doing their own thing and it was very effective and if you walk down seventh avenue, preventing you from getting run over, they've done a good job, not saying they are perfect but when you look at new orleans they had things that wouldn't come out of the ground, it was found that they made it in 2017, the company they hired, fix those things. five years later they said we will do it in time for the super bowl so you have all the warnings in the world but still have a guy in texas, and make

it a weapon and army training, as many people as possible. the question is what do you do to harden the target and in the case of new orleans, especially the previous mayor landrieu, this woman has been mired in scandal, spending money, going to climate change conferences in europe. you can't teach competence. ashley: you can't. even if you could i am not sure it would be well received. donald trump apparently will hold a victory rally at capitol one arena in washington the day before his inauguration. i think there is definitely a feeling of optimism with the new administration coming in and i have a feeling this victory party will show that. what say you?

>> even though he's not talking about it, he doesn't talk about the wall although he is building it and doesn't talk the size of the crowd though it will be enormous. he wants both things done, he has learned from it, the more attention you bring the more time your enemies have to take something you want. that was 99% great, one% was ill advised, this will be perfect and give people one more chance to be on the same team. my hope is he will take the themes he's building in his inaugural speech and try it out in a micro version of all supporters and i think it will be great, it will be good to see and maybe a few cabinet secretaries confirmed by then. ashley: who knows? very quickly, are we seeing a more finessed donald trump on the second term?

brian: yeah. first time multiple things gone wrong, where somebody screws up, a test of his temper but i'm see another gear for the next president and he is showing it and i think we will see a lot of secretaries take some of the fire and introduce the programs and let trump step back and let them do their job. he took everything. he was his own press secretary for a a while. for a while. now people do their job and enjoy it and see the big picture. ashley: i look forward to that. happy new year to you and your listeners. brian: thanks. ashley: still ahead on our show, mike huckabee on new york city protesters calling for an intifada revolution just hours after the new orleans attack. aaron cohen on biden reportedly discussing plans to strike iran nuclear sites if they are

closer to making a bomb themselves. how the suspect was able to post videos pledging allegiance to isis without being flagged. president biden saying there is no connection between the new orleans attack and the las vegas explosion. the 11:00 hour of "varney and company" is next.

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