real saint nick because he is a very, very busy. norad is a tracking him as he begins making deliveries all around the world. thank you so much. i multiline in for dana. and here is legal and, in for shop. >> leland: it's noon on the west coast and the 3:00 on the east coast where the markets have crashed in new york, and in d.c. the government shutdown is in day number three. on that note, merry christmas eve. he is a life look at the white house where president trump is meeting with the homeland security secretary. at its current current speculation in washington is that the shutdown will last until next congress. plus more on that so off sending the dow below 22,000. and, the search for survivors continues after a tsunami kills hundreds in indonesia. ♪

i'm in for shepard smith this christmas eve. u.s. markets closed early after the worst christmas eve either. ever. the dive coming after president trump's latest wheat storm attacking the chairman of the federal reserve, but the president's team is saying it's not his fault. >> the fundamentals of the economy is still great. the stock market is down but it goes up and down. unemployment is still at capital flows, business confidence is high and gdp is still solid so the fundamentals are still good. the one allison barber on the north lawn of the white house where the president will be spending christmas rather than palm beach. >> leland, the president attack to the federal reserve today on twitter, claiming the only problem the u.s. economy has is the fed. he said "they don't have a feel for the market and they don't understand necessary trade wars or strong dollars, or even democrat shutdowns on the borders. the fed is like a powerful golfer who can't score because

he has no touch, he can't pot." stocks were dropping before the president's tweet but fell even further after it and this is of course not the first time we've heard mr. trump complained about the fed. he's expressed frustration over interest rates and there were reports he discussed firing jerome powell on saturday. steven mnuchin tried to throw cold water on that rumor tweeting "i have spoken with the president, and he said i totally disagree with fed policy. i think the increasing of interest rates -- ranking of the fed portfolio is an absolute terrible thing to do at this time, especially in light of my major trade negotiations which are ongoing. but i never suggested firing chairman powell nor do i believe i have the right to do so. yesterday, he had calls with the ceos of the nation's sixth largest banks and confirmed they have "ample liquidity available for lending to consumers and business markets." in a statement he said, "we continue to see strong economic growth in the economy."

the calls worried financial investors. sources familiar with those calls tell our colleague blake berman that it was a check-in call and they discussed coordinating agency functions during the shutdown. >> leland: err on the markets, with allison. we have kirstjen nielsen there on christmas eve, it's unusual to have government business done on christmas eve. where are we on the shutdown negotiations? >> kirstjen nielsen was supposed to be arriving at 2:00 with other dhs officials to meet and sit down with president trump to talk about border security. right now according to a democratic source, the white house is currently offering $2.1 billion for border security that includes a new fencing plus 400 million for other immigration priorities. vice president mike pence and incoming act acting chief of staff current budget director mulvaney met with chuck schumer

this weekend and mulvaney said they gave sumer a counter offer and it's less than the long touted 5 million. >> we were at 5 billion a couple days ago and the counteroffer we gave them yesterday was between those two numbers. >> but, 2.3 -- >> we moved off of the five and we hope they move up from 2.3. >> president trump says he wants the sort of steel slat barrier at the u.s. and mexico border. some say the president doesn't understand the situation on the ground. >> he doesn't get that the drugs are coming through tunnels, that they need high-security sensors, all of that, we are supporting. the things that are effectively support. broader negotiations? let's have them. >> democrats say they are getting mixed messages from the white house and hearing different things about with the president would accept or not accept in that, it's impossible to know where the white house stands right now. >> leland: more on the wall

funding with the political panel. allison, thanks so much. back now to the historic drop. hear from "the wall street journal," there are good reasons for stocks to be down. economic growth has slowed globally including in europe and china. investors fear a u.s. slow down in 2019, chaos in washington including sunday assurances from treasury secretary over risks that no one had yet thought isn't helping. the author of that, a columnist at "the wall street journal" is working overtime here and christmas eve. we appreciate you being with us. of course the general parent company, and fox news company shares common ownership. your words echo what nick mulvaney said yesterday in terms of fundamentals. >> yes. at the moment the u.s. economy is rather strong but investors know that can't last forever. the recovery has been going for nearly ten years and the bull market has been going for nearly

ten years. >> is the bull market still going? i think today we officially hit bear territory. >> perhaps the bull ended today and that's because investors know that sooner or later the economy will slow down. investors are calling time on that right now. >> nothing says confidence for the administration like the treasury secretary over the christmas holiday quoting the plunge protection team, of the six big banks. do you understand what they were thinking? was this misreporting? the markets did not appreciate that. >> i did not understand with the secretary was thinking. no one was worried about the soundness of the banks or the current situation, no one was saying the bank select liquidity at the moment. this is not 2008, it's more of an ordinary sell-off. i think it was counterproductive for them to raise those issues. he was reassuring people about things that no one had thought to worry about yet.

>> then suddenly they said, we need to worry about that. >> so it was a very unhelpful today and i think you saw that and how the market performed at this christmas eve. >> leland: if there tweet that the president -- the tweet storm this morning that sent things down even further when he took on jay powell. things he had echoed before but then he made this reference, the fed is like a golfer that can't pot. if you know anything about president trump's golf game, there is irony there. any idea what that means? >> i have no idea what he meant but i will say this, if the fed is trying to pot right now, trump as their buddy in the background trying to give them advice while they are trying to concentrate. all this noise he is making is not helping anything. if it anything it's more likely that the fed will keep tightening because they want to appear independent. >> it's hard to make argument

though that there is a runaway inflation when oil is in the low 40s. >> that's correct. it could well be that the market you've actually seen including recent reductions in energy prices have taken off some of the pressure. at the same time, unemployment is at its lowest level since 1969. after 1969 there was inflation pressure. the fed has to be eyeing upside and downside risks in inflation to the economy and it is a bit of a flying balancing act. >> leland: so we have a couple of trading days, wednesday, thursday, friday and honestly monday left. what's best-case scenario and with worse case scenario through the end of the year? >> it could go either way, if the fed manages to put together some kind of reassuring statement i could see us rallying, otherwise selling could continue and people taking tax loss harvesting so you have a losing position and you sell it to get the loss to run off other taxes. i think it's important though

that people not panic. >> leland: you always hear that but, it's hard. >> it's hard but if you don't need your money for a few years there is no reason to panic. and few people have benefited by selling after a big loss. >> leland: it was baron rothschild who said when there is blood running in the streets, you should buy. even if it's her own blood. so some great fortunes could be made over the next days, weeks weeks or months. >> there are stocks that are unreasonably cheap right now, and we have all these negative feelings, why is the market crashing over the holiday season? it's important to stay calm headed, even when it's christmas eve and the market is seemingly crashing. it's important to stay rational and maybe even look for some bargains out there in the market. >> leland: there will be a lot heard on this in the next few days, we appreciate you being here. the president is also blasting

outgoing defense secretary jim mattis after moving up his departure day by nearly two months. the commander in chief is also making another surprise announcement regarding syria after pulling troops out. who will now pay for the rebuilding there? that's coming up as our reporting continues this christmas eve afternoon. ♪ ...i just got my ancestrydna results: 74% italian. and i found out that i'm from the big toe of that sexy italian boot! calabria. it even shows the migration path from south italia all the way to exotico new jersey! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com

>> leland: of president trump taking swipes at outgoing defense secretary james mattis, just one day after announcing the pentagon chief will leave january 1st, weeks ahead of its scheduled departure date of the end of february. president trump is also taking aim at the u.s. envoy to the anti-isis coalition brett mcgurk calling out his role in the iran nuclear deal. they both resigned after trump's abrupt decision to pull troops from syria. lucas tomlinson live at the pentagon. what an about-face for the

president between he and mattis. >> the president said mattis served with distinction when announcing his resignation, and the president read his resignation letter and saw the fallout from the press coverage. today the president fired back in a tweet "we are substantially subsidizing the military is a very rich countries all over the world while at the same time, these countries take advantage of the u.s. and our taxpayers on trade. general mattis did not see this as his problem, but i do and it's being fixed." the president acting chief of staff says the president and secretary of mattis' relationship had been diminishing in recent months. >> let's be honest with each other, the relationship with these two men have been afraid and, the final straw was a president's decision to pull all

2,000 troops out of syria, and saudi arabia will be paying for stabilization on the ground in syria. >> leland: rex tillerson famously learned while indisposed in africa that he had been fired, and now, jim mattis on a sunday morning learning essentially that he had been fired two months early. how did this all go down? >> early sunday morning, mattis received a phone call from mike pompeo sing the president was kicking him out two months early, essentially blocking mattis from going to work and testifying here on capitol hill about the budget where he was sure to face questions from lawmakers about his policy differences with the president. sunday, the president also tweeted and announced that mattis' secretary would be --

spent more than three decades at boeing and is currently the point man for the president's base force proposal. the president's top envoy brett mcgurk also now says resignation one day after mattis, the president responding in a tweet that he had never heard of brett mcgurk and called him an obama holdover. >> leland: he replaced both men. lucas, thank you. michael hamlin writing in an op-ed about mattis and his two-year tenure. i will miss him even more for being an adult in a city that loses its collective mind over a competition with russia and china. some talk of a new cold war and many in the national security committee seem to think war against one or both is not only possible but likely. michael is joining us now. when someone says somebody as the adults in the room, it begs

the question, who is the implied children here that the adult was supervising? >> yes. merry christmas and thank you for having me on. clearly president trump is a very smart guy. but he also makes decisions fast and impulsively and i think as much as anything, that's what really bothered people about the syria and afghanistan decisions because they were made so abruptly and apparently, after a phone call or two without discussion of advisors and without discussion of how to handle the decision of the change policy. now president trump is elected to represent the american people and everybody below them serving is not elected. it's a question of process and making a final decision. >> leland: president trump will tell you he's unorthodox and how he does things, and in many ways that's how he was

elected. you say it was abrupt but at the same time, these are issues that he ran on. this is the american people in a way getting the foreign policy that they wanted. so why don't they deserve it? >> let's look at syria, let's take one problem at a time. if we pull out 2,000 u.s. forces in syria and stop using airpower there than there is a good chance that isis will come back. that's the bottom line. it's a betrayal of our kurdish allies who may now be squeezed between turkey and has sought it, but president trump would be the first. i would regret it but that's not the end of the world by itself or american interests. but i think isis may come back because we saw when president obama left iraq prematurely, that in fact, al qaeda regrouped under the new name of isis. and we risk at a very modest investment, 2,000 troops on the ground pulling back from that investment and not allowing isis to return when they are down but

not yet out. >> leland: it we would be remiss if we didn't mention, 2,000 troops away from their families in harm's way, it's a significant price but as you pointed out, relative to the numbers that were in iraq and afghanistan, much fewer. rand paul on this issue yesterday, take a listen. >> i am very proud of the president. i think people believe that we have been at war for too long, and too many places and we do need to turn attention to problems we have at home. roads, bridges, schools. we have problems in our country and i think people are tired of spending -- we spent several trillion dollars on these wars and i think the president promised that he would be different. >> leland: this goes right to the point you made earlier, when is the right time to pull out of syria or iraq? syria has been a mess for 1300 years and people have been using isis-like tactics.

do we leave u.s. troops here for 1300 years? >> i think we need a generation long strategy and i think 2,000 troops here and 5,000 troops there is a sustainable. it's not anywhere as expensive as the kind of diplomas that senator paul is talking about. now we are talking about 2,000 and syria, 5,000 in iraq, 14,000 coming down to 7,000 and afghanistan. a few thousand in other parts of the broader middle east. i don't see a better way to manage and contain the threat of global extremism. and compared to another attack on the united states homeland i think these costs are tolerable so i would encourage the president at least to be careful about cutting further and faster

in afghanistan. if he's going to make the reduction, it's too bad, in my mind, but understandable. but let's be careful before we pull all the way out of these assets that are needed to keep an eye on assets and al qaeda and the affiliated. >> leland: and he made a good point that so many were critical that didn't take it on before. michael, we appreciate it sir and merry christmas to you and yours. urgent search and rescue efforts underway for victims of a tsunami that were just there for a concert, when we come back. ♪ to improve short-term memory. prevagen. healthier brain. better life. oh! oh! ♪ ozempic®! ♪ (vo) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reached an a1c of less than seven and maintained it. oh! under seven? (vo) and you may lose weight. in the same one-year study,

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>> leland: the new york, new york, times is reporting that the pulse nightclub shooter used six credit cards to buy two guns and thousands of rounds of ammunition before opening fire in june of 2016, killing 49 and wounding 53. two days before the shooting he googled it, credit card unusual spending. also before james holmes killed

the people a movie theater he used a mastercard to buy more than 11,000 in weapons and military gear. none of the banks that issued the cards alerted law enforcement. as we speak, rescuers are digging through the rubble of a devastating tsunami after a giant wave hit indonesia with no warning. the death toll is now approaching 400 people with many more injured during a busy holiday weekend at a popular tourist destination. william lodge and as following this from our west coast news hub. >> think about dropping a boulder into a bathtub, that's kind of what happened here. one reason you had the high number of fatalities, the volcano is only 40 miles from the main islands. as you said it was a saturday night and the resorts were packed with guests, when this eruption triggered this huge landslide, millions of ton of

falling earth and rock to create a way that came crashing into the nearest beach about 10 minutes later, leaving 370 debt at least, and a a thousand injured. three waves hit they islands and the first, witnesses say was 65 feet high, destroying or damaging 700 homes, hotels and shops. it made worse in a high tide and full moon and at 9:30 p.m. at night, bars and restaurants were full with some attending a concert. >> when the show started, suddenly i heard people shouting to run away. i saw the water and ran up to the mainland and the hotel had been flooded by water. about 200 people were dragged by the waves. >> yesterday christians in indonesia prayed for the dead and missing, since most tsunamis are greeted by earthquakes and this one was not, the u.s. has a

network of buoys in the pacific that measures heights of waves but indonesia does not have such a system, leaving residents with no warning. >> if there was a warning, it would have only taken about 10 minutes to at the coast the west. about an hour to the east but, even so there's still plenty of time to get a warning out. >> so this is indonesia's third major disaster this year, to earthquakes and another student on me. because it is part of the ring of fire, that earthquake zone around the pacific rim, this volcano remains active and that's why officials say, stay off the beach for now. >> leland: without a warning system, it could come at any time. william you you lodge and thank you. overseas also the u.k. police are making it clear that the drone sighting that shut down one of the country's busiest airports were actually real. this is despite the release of two former suspects without charges and despite some

authorities suggesting they weren't sure any actual drones were involved at all. greg talcott is looking into this for us in london. any hard evidence that there were drones? >> that is the question, and that is what is raising some eyebrows here but the investigation does continue into the chaos that occurred at london's gatwick airport last week, shutting the place down for days. the investigation continues and the search for who might be involved continues as well. there were multiple sightings of drones, the place was closed again for parts of wednesday, thursday and friday. obviously, holidays were one of the busiest times for the airport. police are saying that there is a possibility that there was no drone or no drone. they are pointing to the fact that there was no confirmed video and no real data backing it up but there were dozens and dozens of sightings that seem to

be the real thing. they are continuing to pursue that. they don't have a suspect however. they arrested a couple of friday night, and then released them sunday. they lived near the airport. the husband was very active in using drones but they were not there. so the search continues even door-to-door. they've come up with a wrecked drone that might provide some evidence and a $65,000 reward for information leading to these folks. it is a broad issue, not just for gatwick or european airports but also for u.s. airports. this involves the increased use of drones and also obviously the heavy dance air traffic around this time. remember, this is the first time that an airport of this size has been closed for this duration, even though there have been a lot of near misses with planes and a lot of sightings all around the world including in

the united states. the options, shooting down the drones. as we speak that airport is ringed with u.k. military waiting for another opportunity to see if something emerges. technology is there to track them down and just today the minister sit technology could be deployed. but all of this costs money. a lot of it. i think the last question that remained, for the last hope is that those 140,000 folks who were delayed or were bumped now are to their christmas destinations. back to you, and merry christmas. >> >> leland: merry christmas to you as it is already late christmas eve in london, they don't have more time. as always on this christmas eve we want to take a live look at vatican city. pope francis currently presiding over christmas eve mass in st. peter's basilica. when we come back, we will take a look at some other celebrations around the world.

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releasing a joint statement not surprisingly slamming the president. doug mckelway live on popular capitol hill. i'm sure it's very quiet there. >> very quiet, there may be a few people scattered about but we are not seeing them. no signs of progress that we've been seeing, and in fact it may be just the opposite. there are some big quiet behind the scenes meetings going on where some incremental progress is being made but if that is the case, there is no public pronouncements of that. the house did gavel in about 10:30 a.m. this morning and quickly gaveled out, same in the senate about a half-hour later. the presiding officer giving support is a taste of his frustration. >> this is my fifth shutdown, i am beyond frustrated. you just have to -- sometimes you just have to hunker down

like a and a hailstorm and just take it. that's about where we are. >> and from the other side, senate minority leader chuck schumer and congresswoman nancy pelosi releasing a joint statement a little while ago which amounted to an all-out assault on the president. here are a few choice quotes for you. it's christmas eve and president trump is plunging the country into chaos. he's continuing the trump shutdown just to please a right wing tv and radio hosts and as much as a present is guided by the freedom caucus, it's hard to see that past the house and the senate. that while republicans are accusing nancy pelosi of calling all the shots. >> if this is without any question a nancy pelosi problem. her speakership seems to be in balance against border security and that's a problem that they will have to side, solve. some say it gets easier after that problem is resolved on january 3rd.

>> what he is referring to is, in her quest to win the house speakership, nancy pelosi needs to win the votes of incoming open border freshmen. if she cooperates before those leadership elections, she risks alienating those votes. once she secures the speakership's in the negotiations will change. that is on january 3rd so we are looking at government shutdown if that thinking holds up. >> leland: we know right now that meeting is going on. any idea on the administration's leaders to offer? >> the latest counter offer that we have heard is the one that was made from vice president pence when he came up to the hill to visit with senate minority leader schumer. those who were privy to the

details of that counter offer by the administration, the white house lowered their demands to only $2.1 billion for border security including new fencing, plus $400 million for other security priorities. still, they rejected that offic office. he said unfortunately we are still very, very far apart. that was saturday and here it is monday and it seems as if they are getting further apart. >> leland: doug mikell way, merry christmas eve. with that let's bring in tony lazzaro, founder of the big ten republicans packed. the obama administration alum and former senior agent of communication and policy for then secretary john kerry. we finished the introduction and i don't know if we have time for the segment with your resume, but merry christmas to both of you fellows. we you are certainly qualified

for this on christmas eve. did -- this isn't about a couple hundred billion or a million dollars which democrats have never been afraid of spending but, denying president trump as well and making him give it up. >> was that for me? i'm so sorry, thanks so much for having me. when the president opens up negotiations like this by vilifying the democrats, he repeatedly called them on american and that they don't have the interest of the american people, that's not that's not the way to get negotiations going. >> leland: president obama vilified republicans all the time. >> president obama went up to the house g.o.p. retreat and spend a whole afternoon speaking to him about his health care plan in a closed press environment. that's how you build consensus and move forward with the competence of legislative

package. >> leland: vice president pence was on the hill with his latest offer. tony, is not a fair critique that president trump hasn't done enough hands up on negotiating with chuck and nancy in the oval office? >> it's just not. if you look at the video evidence, they are all on record saying we need to pass this kind of security or fencing or border, they've actually use the wall terminology on the u.s. border. so the fact that they are doing what they are doing now is showing that the movement is at the quote unquote resistance, and we have a clear eyed idea now but we will see that for the next few years. so in any other context we are called open border democrats. but you heard from my counterparts that we've spoken at length about the need for border security so i don't know which one it is. >> while why won't you guys pass

the bill? >> there is plenty of work that we could agree on. i'd be more interested in a conversation about the wall. if the president had an appetite for a conversation. this isn't -- i will finish here and leave it to you. this isn't a policy conversation, it's a political conversation which is why the democrats are responding politically. >> leland: you could argue who's fault it is that it's politics over policy, this is john garamendi, the house armed services committee to your point roger, on politics. >> the senate unanimously voted out a compromise that the president was on board. that came over to the house of representatives and within 24 hours, the president had changed his mind and demanded the 5 million down like a

billion dollars for an undefined border wall, not even going whether it be concrete or steel or what it's cost per mile would be. >> are the republicans losing the argument here in bogging down how many millions it's going to be or what it's going to look like rather than convincing the american people and therefore putting pressure on democrats of this is a national security issue? and it shouldn't matter what it costs? >> they do need to stress it's a national security issue. whether it's 6 billion or -- we are talking about a multitrillion dollar budget and a while that we desperately need to be built. the president campaigned on it and he won. there's already been $16 million given to a gofundme page of americans that want this wall built. the president likes to campaign on the fact that pelosi and

schumer have supported the wall in the past and now they are playing politics. >> leland: that gofundme page may get a concrete piling on one section of the wall. but this is the issue, the overshadowing of the government shutdown which is the markets today. worst day in the markets for christmas eve ever. this is larry sabatino's complete. dow down 650 plus on christmas eve, over 5,000 or 19% since early october. we all know president trump is only responsible for days when the markets again so who should we blame for today's losses? i nominate, santa claus. roger, doug calloway alluded to democrats beginning to turn this into a political plus for them. how do they continue to capitalize on it and how far down doesn't have to go before they can exploit it. >> at least that speaks a language that i think the president understands.

what i think you will see is, uncertainty is everything that matters to america. our allies and markets. uncertainty is also where the president tends to thrive. he likes to pit staff against each other and the markets and our allies don't like that at all. >> leland: tony, have about 30 seconds to respond. >> i'm certain he definitely does drive the markets down but there are things like infrastructure and immigration that congress can compromise on in 2019 and the indicators look very good so i'm bullish on the u.s. economy. >> leland: while the economy on the market are sometimes two different things as we are learning. nice bipartisan agreement here on christmas eve. merry christmas to all of you. despite the government shutdown, keep calm.

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>> leland: that we are just learning that a u.s. judge is ordering north korea to pay more than $500 million to the parents of auto warm beer, holding the regime responsible for the death of the american college student. he was jailed in 2016 and north korea accused of stealing a propaganda poster while on a tour there. of the ohio native died of severe brain damage after he was returned in june of 2017 after 17 months of captivity. he was 22 years old. also new legal developments on

this christmas eve, a legal battle against special counsel robert mueller has now reached the supreme court. political reporting, an unidentified farm asked for a stay of federal appeals court ruling that turned down the companies effort to block a grand jury subpoena for records, bringing ashley merchant on this white-collar defense attorney. trying to quash the subpoena is not that unusual, clearly entire floors of courthouses for arguments over trying to quash subpoenas and then making it to the supreme court on christmas eve is pretty unusual? >> definitely clearing the courthouse, and they are telling us that they are very much trying to keep everything out of the public limelight. but going to the supreme court on christmas eve, going to the supreme court a few days before the holiday and getting a stay

is not that unusual because with the supreme court is basically saying is they are not ruling one way or the other and it's not indicative of the outcome. we need the status quo to stop and we need to have a view days to look at this. we've got a few more days to submit their briefs and then it will decide whether or not they want to consider this. the first step of the supreme court is whether or not they even want to review the district court ruling. and then if they decide they want to review it then they can determine whether they want to rule. >> leland: as we have learned about these filings, it's often like looking at a white piece of paper with large black boxes on it. emphasis on large. any telltale phrases or anything that you've been able to pull

out of any of these filings that strike you that could give us some type of insight without speculation? >> definitely. when i replete reviewed the pleadings, i reviewed the court's order and then supreme court documents. what i think they are telling us this foreign corporation, they are arguing that they are immune. their own governments laws entitled them to some sort of protection, meaning their own government's laws say that they are not subject to a subpoena. so these are some type of documents, most likely financial and possibly banking, something the government has a role in running this business for this corporation. so with some kind of government-backed business. we have a banking system but we also have federal government involvement in that. we've also got some type of privacy laws. >> without speculating, there are countries involved as

adversaries if you will to the united states whose government court interactions are perhaps much, much tighter than you suggest between the f dic and the u.s. government. actually, we appreciate you being with us. last-minute mania. it is 3:52 p.m. eastern, so it is quite literally down to the wire for holiday shopping. jeff flock is among the crowds, rating michigan avenue and completing his last minute shopping. >> if you found me out there. this is what they called the magnificent mile. not exactly a a crush of shoppers but a healthy number out there. we will tell you how many and how the retail stocks are doing and just a moment, stay tuned. ♪ .

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♪ >> leland: it's christmas eve, christmas eve afternoon to be exact. so crunch time for holiday procrastinators as a last minute shoppers have been flooding stores and malls across the nation. jeff locke got all of his holiday shopping done early and therefore is able to brave the streets of chicago for us. >> i haven't exactly got it all done, as her matter-of-fact of fact, but unlike 7% of american

americans, this is one of the shopping centers in chicago. about 70% of all holiday shoppers as you know it actually didn't finish yet and are shopping today. not a huge crush of shoppers but a healthy number out here. nobody singing panic seemed pat maybe that comes later. i wanted to take you up, so you could see this christmas tree. it's been pretty good for retailers. >> leland: jeff, your reporting as intrepid as always be it in a hurricane or shopping mall. i really always have to hand it to your crew who is able to do all of that while keeping you on camera, up an escalator and through a revolving door. as you might have heard, the market dropped about 650 points

today, down roughly 20% since its high. has that affected folks in terms of what they are buying? as you talk to folks are they saying they are scaling back or perhaps not going really big in the jewelry store? >> as i said, this is a very tony shopping center which means it cost a lot of money to shop here. today the retail stocks have done pretty well. abercrombie did well, american eagle did well, amazon was up most of the day but sold off at the close. i think this will end up being a pretty good christmas for retailers. what comes in the future of course nobody knows but right now i think this will be a pretty good year. >> that is a very big tree. jeff locke and his crew,

merry christmas. we will wait to see how the final earnings reports come in. merry christmas to jeff and his mom. merry christmas my friend. that partial government shutdown continues, but that means there are fewer creatures stirring at federal facilities, although today was a federal holiday. but santa's norad tracker is staffed at full strength with volunteers. it's the 63rd year that the top-notch radar system is right now watching santa cruz across the sky. so you will know when to get the cookies and milk ready. right now, santa is heading northwest across africa. and you can track santa all night. check out norad at santa.org for the very latest. it all started with the sears ad 63 years ago and you can read that story on the norad website as well. we will continue to watch santa.

7:00 p.m., the wise guys are here on the fox news channel. mike emanuel has the latest on that meeting that is so going on at the white house, tune in for that, "your world with neil cavuto," next. >> so much for a santa claus rally on wall street, investors getting a lump of coal this christmas eve. hello everyone, and welcome to the show. this is your world and good thing it was only a half day of trading today with the s&p 500 and nasdaq getting hammered by what has continuing comic continually been a steep market sell-off. the dow and the s&p are not very far behind it all. the president is laying the blame on one of his favorite targets today. for more on that,