adam shapiro joining us with the details of this credible threat. us about it. >> it is a creditable threat according to mcafee labs. the security firm saw a posting in september from a cyber criminal in russia who goes by the name, thief in law. that is how it would translate into english. claiming they're going to be launching a trojan horse kind of virus that allows hem to use password and access to your bank accounts to transfer small amounts of money. if you do it on large enough scale you can make millions. according to mcafee they tested variants of this trojan virus since 2007 and goten away with transferring roughly $5 million. at least that is whht the hackers are claiming. i spoke to cedric layton an expert in this field, he will be on "money" with melissa francis in a few minutes on ways to protect yourself. you should check your bank account daily for any bizarre activity. he said banks need to ramp up security procedures. keep in mind while there are 30 institution in the united states being targeted. it will start perhaps this spring.

adam shapiro has the details. >> i am not the grinch who will ruin shopping. will be up according to both surveys. the question is, by how much? we will still have sales growth of 4.1%. that is the good news. now the bad news. shopper track which tracks foot traffic says the trend is down. for the week that ended december december 15, they are saying that sales fell or were on track to paul 4.3% over last year. they are revising their total holiday picture. now, they are saying growth will only be 2.5%. they are saying it will be a $257 billion season. online, online expectations were that we would see anywhere from 15-17% growth. growth is actually about 8.4%. roughly $48 billion spent by consumers online. actually, i know 42 billion of that comes out of your own pocket. ashley: if only i could spend that much. i think it is tracy byrnes, who sits next to me, typing away. >> she was buying shoes. we can blame tracy byrnes for that. ashley: adam, thank you so much. appreciate it. christmas day is finally here tomorrow. if you think the holiday shopping season

here is adam shapiro with the latest. . >> their ceo is actually saying users incorrectly interpreted instagram's revised terms of service which was released yesterday to mean user photos would be sold to others without compensation. this is quote from the ceo. this is not true and it is our mistake that this language is confusing. he went on to say, to be clear, it is not our intention to sell your photos. we're working on updated language in the terms to back to you, melissa. >> that is a lot of backpedaling. adam shapiro, thanks so much. turning to the middle east and iran. a top iranian nuclear energy official says iran will knot stop high grade uranium enrichment despite threats from other countries. this as iranian president ahmadinejad said western sanctions could cause at most, quick tap on the brakes for their nuclear program. what does it mean for the climate in the middle east and price of oil? with me is michael o'hanloo from the brookings institution. thanks for coming on the show. they say these sanctions are

stuart: adam shapiro is here. we were talking during the break.riminals don't read websites. >> can we take a step back and a collective sigh of deep breath because that -- violent crime is down over the last 20 years. the majority of people whether they have a gun are not are not thinking about how my going to do harm to somebody? what the paper did is -- a lot of people would have been uncomfortable with publishing that kind of information but the idea that there are ironies of bad guys out there waiting for i am going to get you, i don't buy that. is john stossel talking about life is better. >> in new york state 80% of handgun crimes are committed with illegal handguns, stolen or crossing state lines. in westchester county two large cities, yonkers and vernon. [talking over each other] >> of those 80% of people with legal handguns were they in tending and plotting who they were going to attack or were they on the street? what was the climate? >> various array of different crimes but now what we have is crimes tend >> with technology. stuart: i

thank you very much, adam shapiro. dagen: thank you very much adam.ne thing working in retailers' favor on this christmas eve, gas prices are at near their lowest levels for the year. tom kloza, the best in the business on gas prices joins us next with his outlook. dennis: and too hot to work alongside her, we're going to tell you why the iowa supreme court ruled it was legal for a dentist to fire this woman for being too attractive. dagen: let's look at some world currencies, shall we, how they are holding up against the dollar? dagen: gas prices bottomed out nor the year at least -- for the year at least about $3.21 a gallon rough days ago but have been going higher since then. here with more is tom kloza, chief oil analyst joining us on the phone. can we hold steady here for the next several months maybe? >> yeah, i think so. i think we start the year with a little bit of a wobble higher, particularly in some parts of the country, but i think that generally we should see lower peaks and maybe a little bit deeper valleys in 2013. got a lot of cheap

adam shapiro and melissa francis will take you through the next hour. hman? adam: and adam shapiro and four lori rothman's piece on

thank you very much, adam shapiro.iscal cliff, mortgage interest deduction perhaps no longer the sacred cow. it is on the table for cuts to avoid going over that cliff. joining me with the take on how this affects you and the housing market overall is they're serious about that at this point. both candidates, president obama and mitt romney were not willing to address it in the debate. now it is on the table. what do you think our viewers should know. >> we have been talking about mortgage interest deduction back through the campaign but they're getting more specific for one possibility, the amount will be capped instead of 1 million or the rate at which mortgage could be deducted would be lower than the top marginal tax rate. cheryl: let's say i am deducting $100 so at this point it is thirty-five dollars but my deduction will be 28. >> one option, instead of being able to deduct $35 for every $100 of interest it might be $28. that is one option. cheryl: one third of filers in this country itemized deduction, a big pi

i am adam shapiro.e if the trading session and a few days until the fiscal cliff with time running out, president obama meets with congressional leaders in one hour and they do what they haven't been able to do for months, years, make the deal. wall street is anxiously awaiting washington. the dow down 79 points. how will the cliff shape the final stretch for stocks in 2012? the lackluster holiday shopping season comes to an end, detail is slashing prices trying to break even and get you to spend some box. retail analyst christian benz tells us why it could be too little too late. time for stocks every 15 minutes on the fox business network. lauren simonetti on the floor of the stock exchange. anything change? >> may be accelerated the losses, the dow is down by 79 points, market's weighting in less than an hour we have the key meeting on how to avert a fiscal cliff so we are in this standby mode. the final hour of trading should be interesting. this week has not been good. stock down five days in a row

we have shibani joshi and adam shapiro as well and first to nicole, j.c. penney, a lot of people worried about retail sales, think it's going to hit companies like j.c. penney hard? guess what? the stock is up 4%, why? >> that's a huge move on a day when the major market average, look the at j.c. penney, it's posted comments from oppenheimer this morning, talking about the fact that promotions are working well and bringing traffic into john kerry opiniony, you know that we spoke about ron johnson and came up from apple and his whole theory, was no promotion and great prices all the time and that really was working. the and so, they're back to the promotions this holiday season and it's working. traffic is pretty busy there. >> it's working very well, at least today for the stock. thank you, nicole. well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the preside

adam shapiro on the treasury. >> it involves aig. the u.s. is announcing public offering for all its remaining common stock in aig. the treasury department says after the remaining 234.2 million aig shares it will still hold warrants to purchase aig common stock. liz, back to you. liz: we'll be watching as the stock trends down a bit in after-hours. what you were saying about the center and where the money people will bid on? >> this is to carry forward robert kennedy he is unfished work. this is for schools across the country and around the world and teaching kids about stopping bullying and human rights. we do grassroots human rights work. we're trying to stop the anti-homosexuality bill in uganda which would make homosexuality punishable by the death penalty. liz: have you accomplished some of the things you've set out to today the? >> absolutely. we freed prisoners from south korea and kenya. we created change on basic human rights issues around the world and in the united states. liz: but it all requires money. >> exactly. liz: here is w

fox business network's adam shapiro has that news. adam?oliday shopping season, when you crunch the numbers, may not prove to be as merry as some people had hoped for. first the good news, national retail federation saying they are still on track for growth of 4.1% over the last we have 586 billion-dollar holiday shopping season. according to the nrf. we won't get the final numbers until after the holidays have played out. already though, shopper track is indicating it's not going to be such a great season. here is why. shopper track says for the week and thenned december 15th, sales were down 4.3% compared to the same time last year. that is also a trend that is continuing according to shopper track. so they are revising their overall predictions for the holiday shopping season. originally they thought it would be 3.3% growth over the last year. now they are saying 2.5% growth. their dollar figure is roughly $257 billion. one of the reasons they indicate this is happening of course, there is still the aftermath from hurricane sandy. they a

david: money with adam shapiro is right now. >> i'm adam shapiro in for melissa francis. here's what is money tonight. let the last minute panic begin of the president obama is set to fly back to washington in the next few hours to try to scrape out a fiscal cliff deal but hope is fading fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first

adam shapiro of the fox business network. weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down today? >> harris: yeah. >> first of all it could have been worse. when you saw the future last night what he would realized there was not going to be a deal in the house investors said it's not going to be good. they pulled back. there is still 10 days. some investors believe that will happen. priced. in big money investors already pulling out of the market. they were selling some of their stocks in anticipation what will be a tax hit for them no matter what. they were getting ready for. this you still have optimism among some investors that there could be a deal. monday is going to be a low volume day. it's a half day of trading anyway. >> harris: that's a blessing. >> that is a blessing there are still people who expect this to go right up to the last possible second. and, remember, warren buffet when

adam shapiro live in our new york city newsroom from fox business network. adam, how will wall street react come monday? >> that is everybody's question right now. but already you can take a look at what's called the fear index. the volatility index. the vix. you can see it's at its highest level since july. and investors are nervous because we still don't know what the actual tax ramifications are going to be going into 2013. there is a real potential. you could see people trying to get out of this market on monday in order to avoid perceived higher income taxes. higher taxes, capital gain taxes because we don't have any clear picture yet on what reid and mcconnell might be crafting. >> harris: wow. people getting out of market suddenly. which companies stand to lose if that happens? >> this is a really interesting list of companies that was actually compiled by goldman sachs. we were reporting this today. these are companies that get 50% of their sales, or more, from the u.s. government. deals of the government. lockheed martin, granted construction. grumed

fox business network adam shapiro is with us now. this is a stunning set of circumstances. one set of rules for the bank and another set for somebody else? >> it looks that wait a minute we had lanny brewer saying the activities of this bank threaten the lives of u.s. citizens that they were helping terrorist organizations and not one executive will be held accountable despite the facts and this is the evidence, this is the case the government had, 2008, internal review of anti-money laundering programs at the bank was presented to senior business executives. they didn't do anything about it. >> the justice department claimed today that these bankers didn't mean to break the law. >> didn't mean to break the law? going on back to the 1990s the bank's european office was instructing affiliates in places like iran how to get around the u.s. law. then they would set up procedures. read it right here. employees manually removed all references to sanction entities. that means that someone at the bank had to tell people working for them remove this information, remove that informa

adam shapiro in the newsroom with the details. thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales grew. in 2011, sales for that period of time grew 2%. they are using that as an indicator that things will not be as good as we thought going into the holiday shopping season. on monday, shopper track indicated and revise their outlook for the holiday spending growth from 3.3% down to 2.5%. the only holdout is the national retail federation. it is saying that they still expect growth this holiday season to be 4.1% over the last year. they are sticking to those numbers. one of the reasons spending polls believe we saw a drop-off and had to revise the predictions for the year, superstorm sandy. they do not think it was consumers fear got as much as it was on the drops of the markets in the middle east. back to you. lori: i think they did more online also. joining us now is founder and resident of sica wealth management. this is what i am t

shibani joshi and adam shapiro are here and did not take the day off from work and probably they couldn't. we'll talk about that next. ♪ the wise way to say merry christmas to you ♪ >> well, we have no deal on the fiscal cliff and the president is vacationing in hawaii. not bad. and here is his response, by the way, to abc's jake tapper from the news conference last week and asked the president about his first four years in office. here was the president's response and i have to quote him here. i've been president of the united states dealing with the worst economic crisis since the great depression and the auto industry on the verge of collapse, two wars and i don't think i've been on vacation. he is now. >>. >> he is new and give mimm a break, it's christmas eve and it looks bad when he everyone is sitting around waiting for a deal to get done in congress if he's the leader of the vacation and got to set an example to some extent. david: maybe you could go to somewhere in maryland or something, but to go all the way to hawaii for a brief break, are you okay with that, adam? >> i've been

. >> i'm adam shapiro with your fox business brief.inancial times reports three dozen bankers and senior managers will be implicated in the rigging of leiber interest rates when ibf settles with global regulators later this week. close to finalizing a deal in the united states, the uk and switzerland in which the bank will pay roughly 1.5 alien dollars. morgan stanley paying $5 million fine to the state of massachusetts over facebook ipo. the complaint against the banking giant cited improper influence of bankers over wall street analysts. morgan stanley shifted into fox business state is pleased to have reached a settlement and put the matter behind us. american drivers are getting more relief at the pump as gas prices dropped to the lowest level of the year. according to aaa daily fuel gauge, the national average is down $3.25 per gallon. we continue our countdown to the closing bell with liz claman. liz: thanks, adam. nicole, let's get to you. looking at one mobile phone record that has been on a roll. everybody has these things for

adam: keith, i'm adam shapiro. know where do you get the figures that inflation is at 20%? give me where that comes from because that seems pretty pretty high to at least my ears. >> you bet. i think that if you look at a couple different sources. you can track it individually. you can look at what your health insurance premiums are doing, your education bills but y favorite site is something called shadow stats, they track cpi and it varies between 8, 10, 12 percent depending on which versions you use. because every administration seems to adjust those figures to proactively reflect and keep them down. and the government has every incentive to do that because cost of living increases are tied to that, military spending is tied to that, a lot of things are tied to cost of livings increases that are in fact tied to inflation. david: let's face it, the federal reserve has become a branch of the u.s. government essentially. it's supposed to be a private institution. it's been essentially printing money to bail out all

lori: adam shapiro has been all over this story all morning long. joining us with the very latest in the ongoing news conference. melissa: and take a look at where metals are as we head out to break. gold trading down $5. silver getting hit the hardest. we will be right back. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the misize price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. melissa: breaking news right now. the justice department announcing hsbc will pay a whopping $1.9 billion to settle a money-laundering probe. o'connell charges be filed? adam s

. >> i am adam shapiro with your fox business brief.tended losses into a fourth session as washington battles. the u.s. is likely to roll off the fiscal cliff in just a few days. reid will speak to supporters about the negotiation at 3:00 p.m. eastern. right now, the dow is down. the conference index fell to the lowest level in four months. the six month outlook also fell to the lowest level since 2011. jobless claims fell to nearly a 4.5 year low last week with 350,000 americans filing for first-time benefits. that's the latest from the fox business network. giving you the power to prosper. ♪ liz: welcome back. as if this fixing of the fiscal cliff is not hard enough. we have a storm going across the states. we have live team coverage. anna du quoin man is. let's start with peter barnes. peter: everything here at reagan national is pretty normal. there are a few delays. i looked at the schedule for maine which is getting hit very hard and there are flights canceled. nationally, fewer flights canceled today than yesterday. just 548 so f

adam shapiro joining us with more.s we see the high end and hold off during the holidays versus the low end. are there any winners this year? >> sax is offering 70% off on some items. there are e-mail coupons, lot of retailers are offering for 30% to 60% off. when you look at the numbers this may not be the holiday shopping season they anticipated. let's look at what happened according to spending pulse. it is reflective of all kinds of spending not only credit cards the cash, checks, sales growth between october 28th through dec. 24 will only grow by at 0.7%. we got the numbers last week on monday regarding another survey which showed it is time to revise the holliday growth period. shopper track was telling us on monday that they are revising 3.5% growth to 2.2% and national retail federation, they are still holding to a fact they will see year-over-year growth by 0.4% with $586 billion season. the problem is spending polls track might be off. superstorm sandy hid the regions of the country where we saw the biggest d

adam shapiro, thank you very much. phil flynn is live at the cme next.e are waiting for the president at 1:30 p.m. eastern. we will listen in. we will bring you his comments live as soon as they happen. first, i want to show you the dollar. looking more and more likely we are going over the cliff. the dollar is stronger against the euro. the pound is weaker against the yen, but stronger against the canadian dollar. we will be right back. the local >> 20 minutes past the hour your fox news minute, president obama will nominate john kerry as his pick for secretary of state today. the president is scheduled to make that announcement a few minutes from now. it confirmed he will replace outgoing secretary hillary clinton, nomination represents his first move in administration over all over the second term. the u.s. ambassador to russia says he is concerned with the kremlin's response to u.s. human rights law. the russian parliament voted overwhelmingly to ban americans from adopting russian children. to impose visa band and asset freezes, and north korea deta

fox business network to explain that with adam shapiro. did you do shopping on-line? >> i got my sister-in-law, i got her a dvd stars keira knightley. i bet you are a love action kind of woman. on monday you could have gotten these for 5 bucks at amazon.com. people were shopping. it was cyber week. cyber monday had sales of 1.5 billion. but tuesday and wednesday were over a billion dollars. this was the best we have had over to 11 up the whole week almost 11 percent. 5.4 billion spent on-line. it will not be called cyber monday it will be cyber week. instead of live in phoenix for one day, send me to phoenix for one week. i love the sun. >> i love that they got extended. the best and worse housing markets. >> over the next five years we will see housing prices go up. some are going to sky rocket others aren't going to grow that much. best housing markets oregon expected to go up something like 11.2 percent. panama city florida 7.9 percent. california go up 8.8 percent. not great increases miami florida expect to do fall and fort lauderdale down two tenths of a cent. >

. ♪ ♪ >> i am adam shapiro with your fox business brief. it was another down day for the markets.y continue to focus on the fiscal cliff. more americans are getting a better handle on their debt. the "wall street journal" reports u.s. households spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the lines consumers had to buy the things in the first place. that is the latest from the fox business network. giving you the power to prosper. ♪ lori: how has the franchise industry than coping with the fiscal uncertainty coming out of washington? joining us now is nick powell. welcome. >> thank you. thank you for having me. lori: i have to imagine this is probably one of the most difficult times. what do you think? >> well, it is obviously dependent on the way you look at the statistics. i think it is a great o

. >> i am adam shapiro with our fox business brief. stocks are swinging between gains and losses. five days left before the fiscal cliff. washington preparing for another round of wheeling and dealing tomorrow. right now the dow was trying to find direction, down this .10 points. a downturn after being ordered to pay nearly $1.2 billion in damage in a patent infringement lawsuit. sued for infringing patents related to data storage technology. edmunds.com predicting new car sales will slow in the new year but still plenty of optimism in the auto industry. consumers will continue to benefit from new models, new technology potentially lower prices as automakers continue to fight for market share. we continue "countdown to the closing bell" with ashley webster. ashley: let's go to nicole petallides at the floor of the new york stock exchange. shares of rim, research in motion. rim it is for real. shares of research in motion. research in motion has been beaten down the past couple of sessions. concerns of a new structure put in effect, and what they were going to do is use a tear fact

. >> i'm adam shapiro is your fox business brave.continue to drift between gains and losses. investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole

we are joined by monica crowley and adam shapiro. they deserve that. all right.see where santa clauses. joining us from norad, major general. tell us about the progress on this very important day, keeping on schedule. >> so far doing great. this left the ukraine. went to moscow now. that was the last sight. thirty seconds ago. a couple issues with head winds, had to refuel the reindeer a few times more than normal, but other than that it has really been a textbook. great all-around the world so far. melissa: right on schedule. are you surprised? >> he's been doing this are very long time. has it down to an art and science. those reindeer boss tells, they bust tales. >> i put them on my radio show. my favorite segments of the entire year. remember, two weeks ago they identified that north korean missile during that missile test now in addition to keeping a safe, they can spy on santa. melissa: what do you have to contribute? >> went in town car. absolutely the koreans or the weather problems. it went well. melissa: thank you for that one. moving on to mistletoe. n

. >> i'm adam shapiro with your fox business brief.tocks are trading higher in afternoon trading pushing blue-chips into triple-digit gains. right now the dow is up 113 points. >>> workers at the ports of los angeles and long beach are back at work today of an eight-day strike crippled one of the nation's busiest ports. the announcement came from the mayor of los angeles who joined federal negotiators to negotiate a deal between the employees and portfolio managerment. mayor villaraigosa will be a guest on fox business. >>> elizabeth murdoch died, mother of rupert murdoch. she was considered one of australia's most generous philanthropists donating money to more than 100 charities. dame elizabeth murdoch was 100 years old. that is the latest from the fox business network, giving you the power to prosper. lori: as republicans and democrats continue the back and forth over the fiscal cliff one thing they're already losing is the confidence the american people. look at this. just four in 10 americans believe washington will reach a deal b

. >> i am adam shapiro, on wall street continues with concern over the fiscal cliff, taking a toll on markets. and one hundred five points was the fiscal cliff is not the only pressing issue, there's concern, and a farm bill by the end of the year billions of dollars in agriculture programs hang in the mix including one in which the government sets a minimum price for milk to cover production costs for dairy farmers. the securities and exchange commission charged four industry professionals with conducting a fraudulent penny-stock scene better and then $17 million in the sec alleges danny garber, michael mann, kenneth yellen and jordan feinstein misrepresented their intentions and dealings with penny-stock companies. those who live in new york and new jersey. we continue count down with the woman who is a young child is rumored to have said if you look good we look good. liz claman. liz: one of the first vidal sassoons -- that is right. he was a real entrepreneur. online travel socks underperforming ahead of the holidays. what does that mean? nicole: let's take a look. first i can sho

joining us is adam shapiro from the fox business network. >> distink conference going on from due by. nations are negotiating potential changes to the treaty that was first enacted in 1988 that governs the internet. there are proposals that are disturbing. 17 arab nations want greater government control and diversified internet users. if you identify who those people are the government wants to keep control can crack down on them. google is proposed. government is coming up with a treaty. the voices of internet companies and internet providers not being heard in this conference. there's a lot of opposition. >> it's not al gore? >> it's not al gore. >> there is a price to happiness. >> there is a price to happiness. used to pay 75,000 bucks. people in 13 countries. the average price globally in order to be happy 151,810 bucks. if you are wondering where you need the most money to be happy? due by hong kong 197,000, mexico, mexico 185,000 and italy 175,000. the places where you need the least money to be happy germany $8,500. united states is not part of that survey. we were surveyed yo

adam shapiro live in louisville, kentucky, at ups international hub. adam?> reporter: here's question for you. what do 28 million packages, 260 of those and your address have in common? ups, asap. while were you better get shipments soon when we come back. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. jenna: we'll stay with the economy a little bit now. biggest day of the year for ups the shipping company is planning to make 28 million deliveries today alone. that is more than 300 package as second. fox business is

adam shapiro joins me now. adam you were giving tutorial. working. >> this is an apple and iphone 5. i put in my home address there in new york city. you see that red dot? that's my home address. right in the middle of central park. >> you don't live in central park. >> fortunately i don't live in the middle of central park. it's about 30 blocks off. it's never functioned properly. the question is why? is the google map really that much better? if you have an android phone with a google map system it worked really great. had you great mapping. now, with the apple iphone and the new google app. you get the same mapping. you get great mapping. investors and people who use iphones are loving the new google application. it's the number one download from the apple i store. and of the thousands upon thousands of people who have downloaded the application between last night and today 90% have given it a 5-star rating. apple has just scored a victory. they now have an equally good map as their competitor phone on android system. >> harris: you said

tracy: adam shapiro, thank you very much. ashley: a lot of room. quarter till, just have time for stocks, let's head to nicole petallides on the stock exchange. a couple drug companies making moves today. nicole: that is right. let's look at merck, dow component merck, there is an obesity drug that will be covered by express' script. one reason people say they weren't purchasing the drug was it was expensive. with this coverage, the largest pharmacy manager in the country the drug will be $50 to $60 with this copayment. a lot more affordable and reasonable that it had been at the normal retail cost, basically a third of the price. wanted to take a look at merck which is saying they will not seek regulatory approval for particular drugs pertaining to cholesterol. what it was supposed to do was boost good cholesterol. everybody knows ldl and hdl, what is bad and what is good and the idea was it was boosting the good cholesterol which had been a concern to stop strokes and heart attacks or help with that and it was failing in the study so this is the

adam shapiro reporting for the fox business network. adam?porter: and, jon, this is one of the largest settlements in the automotive industry. it's got a lot of people raising eyebrows right now. it could be as high as a $1.4 billion settlement when everything's paid out. right now the official settlement is $1.1 billion. anyone who purchased a toyota, essentially, from 1998 through 2010, you'll recall the sudden acceleration issue that drew a lot of attention just a few years ago, and there were, unfortunately, some people who died in car accidents. now, the government actually studied this because it was believed to be a problem with toyota's electronic acceleration system in the automobiles, but they never found any link between the sudden acceleration and toyota's electronic system. a subsequent review, by the way, of that study found that the government wasn't up to speed in looking at it. so at the end of the day toyota hopes to put all of this behind them. they will be paying that $1.1 billion in the form of roughly $200 million in fee

. >> i'm adam shapiro with your fox business brief.is another down day for wall street as failure to resolve the budget negotiations in washington worries investors. but stocks have erased most of their losses. just in the past hour or so on news the house of representatives will reconvene sunday at 6:30 p.m. eastern. right now the dow is making a fighting chance, down only 15 points. after nearly four years on the job, environmental protection agency administrator lisa jackson is resigning. she is expected to leave after the state of the union address in january. and the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go ahead by the securities and exchange commission to allow that building to be included in a proposed real estate investment trust. empire state realty filed in february to raise as much as 1 billion dollars in an initial public offering. we continue our countdown to the closing bell with ashley webster. ashley: adam, thank you very much. nicole petall

let's go right to adam shapiro for that. >> we heard senator daniel inouye from hawaii has passed awayhave been the longest serving senator in the united states if he lived just two more years. he passed away with his family by his side. his last words were aloha. recently he was asked by a reporter what he wanted to be remembered by and he said, quote, i represented the people of hawaii and this nation honestly and to the best of my ability. i think i did okay. daniel inouye, world war ii veteran, medal of honor resipient has passed away, the senator from hawaii is dead. melissa: our hearts go out to his family. thank you so much, adam. >>> shifting gears now a lot of you watching are probably sick and tired, like i am, of all the extra charges and overall insanity what is happening with plane tickets. charges to check your bag outside at the count ir. charges to carry on your bag, that one kills me. another to get extra leg room. yet more if you have to change your flight. american airlines may set a new standard. different ticket price options for one lump sum you can pay all the ex

. >> i'm adam shapiro with your fox business brief. federal government's budget deficit grew more than expected in november, pushed higher by a calendar quirk that pulled roughly $33 billion in benefit payments from december. >>> guatemala is deporting john mcafee to the united states. they have escorted mcafee is the gaut maul lap city airport. he was jailed for crossing the borderism legally. he entered guatemala seeking political asylum from belize where he is wanted for questioning in the murder of his neighbor. >>> a report from mastercard advisors and wells fargo showed shoppers spent 5.2% more at small retailers than they did the same time last year. that's the latest from the fox business network, giving you the power to prosper. liz: the federal reserve expanding its bond buying program, announcing plans to purchase $45 billion in long-term treasurys while continuing to buy about $40 billion in mortgage-backed securities each and every month. david: but will the fed's new plans spur economic growth? joining us is alan blinder,

. >> i'm adam shapiro in for melissa francis. here's what's "money" tonight. the great pork giveaway. the senate is ready to vote on a $60 billion package for hurricaneandy aid but guess where a big chunk is going? long term infrastructure projects. is this going to the people and businesses who desperately need it? >>> plus black box recorders may soon be mandatory in all new cars. a dream for safety regulators and insurance companies but will it leave drivers privacy totalled? we'll explain. >>> party infighting over the fiscal cliff intensifies. one gop congressman is completely breaking rank claiming there is conservative case for raising taxes. he will join us to make his case. because even when they say it's not, it is always about money adam: good afternoon to you. let's take a look at the day's market headlines. an unexpectedly strong rise in november industrial production failed to boost stocks. concern over the fiscal cliff continued to linger. the dow sank 35 points to end the week. shares of apple got a one-two punch today. iphone 58 debuted in chi

i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular visits in one major country. we'll tell you where and why they're doing it. even when they say it's not, it is always about money adam: had enough of the fiscal cliff yet? before we go there, let's take a look at the day's market headlines a whipsaw for the session for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept over investors. it had been up almost 30% since july. today's dive is the vix's steepest fall since august 2011. and the fiscal cliff tug-of-war september gold prices

. >> i'm adam shapiro with your fox business brief.t ends the trading day in the green with stocks closing near session highs. traders and investors optimistic that progress is being made in the fiscal cliff negotiations. >>> brazilian prosecutors say chevron offered to pay nearly $150 million to settle two civil lawsuits stemming from an offshore oil spill back in november 2011. brazil's environmental agency has to confirm chevron's claim that the spill had no significant impact on the environment before any deal can be finalized. >>> "the financial times" reports roughly three dozen people will be implicated in the rigging of libor interest rates when ubs settles with global regulators later this week. ubs is close to finalizing a deal with authorities in the united states, united kingdom and switzerland which the bank will pay roughly 1 1/2 billion dollars. that's the latest from the fox business network, giving you the power to prosper. liz: time for a quick speed read of some of the day's other headlines. five stories, one minute.

. >> i'm adam shapiro in for melissa francis. here's what's "money" tonight. brace for impact. senate majority leader harry reid says it looks like we'll head over the fiscal cliff. with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from se

. >> i'm adam shapiro with your fox business brief.y for markets with all 10 s&p 500 sectors moving down for the first time in a month. blame the stalled negotiations over the fiscal cliff which grew more heated with political leaders on both sides ramping up the rhetoric but president obama and house speaker john boehner are going to meet at white house in just a few minutes. >>> late today the president accepted united nations ambassador susan rice's decision to remove her name from consideration for secretary of state. >>> fox news reports that senator john kerry is being talked up in the administration as likely nominee pour that position. >>> home repossessions hit a nine-month high in november even as foreclosure filings fell to the lowest level in six years. courting to realtytrac number of homes in the process fell to the lowest level in six years. that is the latest from fox business network, giving you the power to prosper david: well the "wall street journal" poll of economists found a majority of those polled oppose the fed

. >> i'm adam shapiro with your fox business brief. today over optimism a deal will be reached to avert the fiscal cliff. at the closing bell the dow finished up 78 points. >>> lazard is latest in long list of u.s. companies offering special one-time payments or accelerated dividends before scheduled tax hikes next year. the company declared a special dividend of 20 cents a share on outstanding class a common stock payable december 27th. >>> bank of america confirmed its website was the sight site of a cyberattack. bank of america is one of several banks targeted this week that carried out similar cyber attacks in october and associated with islamic terrorists. other banks were jpmorgan chase, pc this bancorp, and suntrust banks. that is the latest from the fox business network, giving you the power to prosper. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an a

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